Shell, DMC Sign MoU to Explore Alternative Energy

Marinelink.com
Tuesday, September 17, 2013
VP Global LNG receiving a memento from Khamis Juma Buamim, Chairman of Drydocks World & Maritime World

Dubai Maritime City signed an MOU with Shell to explore the diverse business options related to promoting alternative sources of energy such as Liquefied Natural Gas (LNG).

The primary focus would be on exploring opportunities that would enable the adoption of LNG as a fuel in markets including marine transportation, road transportation, power and industries in the United Arab Emirates (UAE) and the wider Middle East, North Africa and South Asia (MENASA) region.


The team from Shell including Mr Roger Bounds, Global Head of Shell, LNG and Mr Mounir Bouaziz, Vice President Commercial & New Business Development were met by His Excellency Khamis Juma Buamim Chairman Drydocks World & Maritime World. They discussed the possibility of future business opportunities as well as the ongoing cooperation between the two companies including the building of the world’s largest Turret Mooring system for the floating LNG facility at DDW’s Dubai facility.


 “We are privileged to have reached this understanding with Shell in an area of mutual and topical interest of developing sustainable and environment friendly sources of energy in the maritime sector. This is part of our Dubai Maritime Green Initiative, which seeks to develop and propagate viable and environment-friendly alternatives especially in the field of renewable energy and alternative fuels for improved fuel efficiency,” said His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World.     


The first step of such cooperation is to form a Joint Working Committee on the terms and conditions set out in the MoU to discuss and agree on detailed work plans to mature the business opportunity with a view to concluding a Joint Development Agreement. Both DMC and Shell will jointly investigate and develop the business opportunity.  
 
DMC and its affiliates are global leaders in providing infrastructure and services to the maritime and energy (oil & gas) sectors. Shell Exploration Company B.V. and its affiliates are global leaders in the LNG industry and are developing and operating downstream LNG businesses across the globe.


The Dubai Maritime Green Initiative is a strategic movement to encourage all-round environmental excellence in maritime and allied sectors including oil, gas and energy. The main aim of the Initiative would be to encourage companies engaged in research and development on green design to disseminate green solutions for efficiency improvement in the maritime industry including areas related to shipyard concepts, demolition and waste management, project financing, equipment manufacturers & suppliers, classification societies & regulators, shipbuilding and offshore fabricators and integrated solution providers. The role of the Initiative would also to be to encourage government departments to arrive at environment friendly policies.

 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

INTERSCHALT Expands Africa, Asia Service Networks

INTERSCHALT maritime systems AG, the provider of maritime software, services and supplier of Voyage Data Recorders (VDR 4G[e] and s-VDR) has expanded its network

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

E-marine Begins Fleet Expansion

E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015,

Ports

Harbor Police Rescues Stranded Sea Lion

Sea lions are a common sight in San Diego Bay, but a sea lion wandering a busy roadway and then ending up in the back of a patrol car is slightly rarer.   The

CaroTrans Adds New Asia-US Service

CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, announced a new all-water LCL (less than container-load) import

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

Environmental

Harbor Police Rescues Stranded Sea Lion

Sea lions are a common sight in San Diego Bay, but a sea lion wandering a busy roadway and then ending up in the back of a patrol car is slightly rarer.   The

VesselVanguard Partners with Hatteras Yachts

VesselVanguard announced today a new partnership with Hatteras Yachts to provide a five-year subscription for its award-winning maintenance management solution

Rescue 21 Achieves 'SOLAS' Declaration from DHS

The U.S. Coast Guard is declaring 'Sea Area A1' service in certain areas off the coast of the United States based on the performance of the General Dynamics-built Rescue 21 system.

Energy

BG Group's Australian Project Helping to Double LNG Supplies

A smooth start to operations at BG Group's Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16,

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

Ghana-Ivory Coast Maritime Dispute Mar Tullow

A dispute over maritime boundaries between Ghana and Ivory Coast is damaging Tullow Oil, which risks postponement of its TEN project in the waters off Ghana's coastline.

LNG

IACS and European Commission Hold Joint Workshop to Kick Off European Shipping Week

The International Association of Classification Societies (IACS) held a joint workshop in Brussels with the European Commission to kick off European Shipping Week, the association announced today.

BG Group's Australian Project Helping to Double LNG Supplies

A smooth start to operations at BG Group's Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16,

EC Study on LNG as Shipping Fuel Reveals Industry Backing

As efforts to combat climate change increase worldwide, pollution stemming from maritime shipping presents a particular challenge.     The study on the perception

Logistics

CaroTrans Adds New Asia-US Service

CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, announced a new all-water LCL (less than container-load) import

BG Group's Australian Project Helping to Double LNG Supplies

A smooth start to operations at BG Group's Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16,

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

 
 
Maritime Security Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5932 sec (2 req/sec)