CO2 Shipping on the Rise
The transportation of CO2 is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to Rystad Energy research.Based on planned carbon capture projects, Rystad predicts that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade, volumes requiring 48 terminals to handle the import and export of the gas.As the global carbon capture, utilization and storage (CCUS) market expands…
"K" Line to Operate Northern Lights' Liquefied CO2 Ships
Northern Lights, a carbon capture and storage joint venture between TotalEnergies, Shell, and Equinor, has signed an agreement under which Japan's "K" Line will operate Northern Lights' first two 7,500 m3 liquefied CO2 ships. The ships will be delivered in 2024, and they will be part of the world's first full-scale CCS value chain."K" Line's London-based subsidiary “K” LINE LNG Shipping (UK) Ltd. will manage two ships transporting liquefied CO2 from industrial emitters, including the Norcem Brevik and Hafslund Oslo Celsio carbon capture facilities…
Partners Aim to Develop Low Pressure Solutions for CO2 Shipping
Energy companies Equinor, Shell, TotalEnergies, Gassco and classification society DNV have commenced a new joint industry project (JIP) to develop low-pressure solutions for the transportation of CO2 by ships. The CETO (CO2 Efficient Transport via Ocean) JIP will carry out the technology qualification of a low-pressure ship design and identify solutions to scale CO2 transportation volume, while reducing the associated risks, to support the development of opportunities in CCS. CETO is funded by the project partners and GASSNOVA through the CLIMIT program and is expected to be completed in 2023.
Aramco Suspends 50% of Production
Saudi Arabia has temporarily halted production at two Aramco oil facilities that were attacked by Yemeni rebels, interrupting about half of the company’s total output.Saudi Aramco said the production of 5.7 million barrels of crude a day had been suspended after drone attacks on the world’s largest oil processing plant at Abqaiq – near Dammam in the Eastern Province – and the country’s second-largest oilfield at Khurais, about 200 kilometers away.Earlier, the oil giant said that emergency crews contained fires at its plants.After visiting the incident locations, Amin H. Nasser, Saudi Aramco President & CEO, said: “We are gratified that there were no injuries. I would like to thank all teams that responded timely to the incidents and brought the situation under control.
Asia-Bound VLCCs to Use Venezuela's St Eustatius Terminal
Venezuela's state-run PDVSA will use a terminal owned by U.S. firm NuStar Energy on the island of Saint Eustatius to store crude and load very large crude carriers (VLCCs) going to Asia, after deciding it will no longer rent a facility in the Bahamas, according to a PDVSA executive. PDVSA has been using the Saint Eustatius terminal in the Caribbean since March as a center to store and mix its crudes and produce exportable blends, the Venezuelan oil company confirmed after Reuters reported it this week. The company already started receiving crude tankers at the facility going out from Venezuelan ports. "We plan to build a new terminal…
Venezuela To Load Big Tankers at St Eustatius Terminal
Venezuela's state-run PDVSA will use a terminal owned by U.S. firm NuStar Energy on the island of Saint Eustatius to store crude and load very large crude carriers (VLCCs) going to Asia, after deciding it will no longer rent a facility in the Bahamas, a PDVSA executive said on Friday. PDVSA has been using the Saint Eustatius terminal in the Caribbean since March as a center to store and mix its crudes and produce exportable blends, the Venezuelan oil company confirmed after Reuters reported it this week. The company already started receiving crude tankers at the facility going out from Venezuelan ports. "We plan to build a new terminal…
H2O, Inc.: Taking the Risk out of Water
Water is often one of the last thoughts when it comes to safety on rigs, but it should be one of the first. The good news is that this is one of the easiest risks to eliminate. “We thought bottled water was the answer,” said Bryan Courville of Coastal Production and Consulting. “But when we realized just how much water our platforms used that wasn’t bottled – water for ice machines, bathing, brushing teeth, washing laundry and dishes, and food preparation in the galley we realized how great of a safety risk we were chancing.
