During the 2019 SAFETY4SEA London Conference, Mr. Steve Esau, General Manager, SEA/LNG, provided an overview of the current LNG scene. He added that LNG can be a viable marine fuel, and it leads to significant environmental benefits. In addition, on a 10-year basis, LNG delivers a significantly higher ROI compared with open-loop scrubbers and it is a hands-down winner compared with low sulphur fuels.
Teekay LNG Partners, completed its Shell-chartered quartet with the delivery of the Pan Africa. LNG newbuilding, Pan Africa, is the fourth and final ‘Pan’ vessel joining the TGP fleet, alongside Pan Asia (2017) and Pan Americas (2018), and Pan Europe (2018).
In this video, IEA explains how the oil markets are changing. With developing economies now contesting for more demand, they will account for all of the growth in oil consumption by 2040 and over 80% in gas use. What is more, global oil production is continuing its increase fueled by the transport sectors and petrochemicals.
In an exclusive interview with SAFETY4SEA during Gastech 2018, Mr. Alexander Prokopakis, CEO at probunkers, highlighted that ‘LNG is the future’ and revealed their ambitious action plan with the aim to become a ‘premium provider’ of LNG. Probunkers is a new LNG bunkering project which made its debut at Posidonia.
New oil refining capacity and an increase in the number of ships using scrubbers, will enable marine fuel markets to a balance after new sulphur regulations come into force, Goldman Sachs mentioned. Namely, the bank said that ships with scrubbers are expected to retain a third of current high-sulphur fuel in compliant use.
During his presentation at GREEN4SEA Conference, Mr. Aleksey Nikulin, Chief Technology Officer, Humble Energy, noted that a greener and cheaper fuel alternative is available to the shipping industry using current technology. Humble Energy’s initiative builds on their extensive Energy from Waste expertise and research into solid fuel propulsion systems that use Solid Recovered Fuel Energy Pellets.
American energy major ExxonMobil is launching a mass flow metering system (MFMS) for marine gas oil in Singapore, after the Maritime and Port Authority mandated that all distillates must be delivered via a MFMS from 1 July 2019. The first barge deliveries are set to start in May 2018, the company said.
Examining major issues that will shape energy supply and demand through to 2035 and beyond, the latest issue of the annual BP Energy Outlook highlighted, among others, that LNG supplies more than double over the Outlook period (2015-2035), with around 40% of this expansion occurring over the next five years.
BP confirmed that production has started from the super-giant Zohr gas field, offshore Egypt. Eni operates the field, through its joint venture with The Egyptian General Petroleum Corporation, and is the largest natural gas discovery in the Mediterranean Sea.
Harvest Pipeline Company and Vitol have reached an agreement to explore joint development of the art crude oil terminal to be located in the Port of Corpus Christi, ahead of increased demand for crude transportation from South Texas and the Permian Basin.
DNV GL-led project addresses battery fire risks18/09/2020
India joins the Djibouti Code of Conduct as Observer18/09/2020
- Maritime Health
Update Sept 18th: Live map depicts spread of coronavirus18/09/2020
IMO, MPA Singapore introduce NextGen initiative18/09/2020
Abu Dhabi Ports to cut emissions by half via smart container initiative17/09/2020
COVID-19 impacts offshore energy insurance sector, says IUMI17/09/2020
Lack of digitalization puts business future at risk17/09/2020
Maritime NZ issues marine oil spill strategy17/09/2020
BIMCO: Separating trade and emissions is a great step for the industry17/09/2020
USCG: Work instruction for laid up inspected/examined vessels17/09/2020