Bg News

Shell Eastern Trading, a subsidiary of Shell plc, has completed the previously announced acquisition of 100% of the shares in Pavilion Energy.Pavilion Energy, headquartered in Singapore, operates a global LNG trading business with contracted supply volume of approximately 6.5 million tonnes per annum (mtpa). The acquisition includes Pavilion Energy’s portfolio of LNG offtake and supply contracts, regasification capacity and LNG bunkering business.This acquisition helps to deliver on Shell’s ambition to solidify its leading position in LNG by growing sales by 4-5% per year through to 2030.

Transportation of soybeans and corn on barges along the Brazilian Amazon's Tapajos River, which had been suspended in early October due to dry weather, resumed at 50% capacity this week, operators said on Wednesday.Shipping began again on that waterway, which receives grain cargos from Brazil's biggest farm state Mato Grosso and nearby areas, as rain raised river levels, said Amport, an association representing port terminals and cargo transshipment operators of the Amazon basin.Barge shipping on the Madeira River, another Amazon waterway, returned to normal this week, Amport said. Grain transportation on the Madeira had been halted in September…

Esgian highlights news from TotalEnergies in its Week 40 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent to use the 492-ft jackup Noble Invincible for production drilling on the Tambar Øst (East) field offshore Norway.TotalEnergies will resume exploration drilling in the Orange Basin offshore Namibia in the fourth quarter of 2024 with the Tamboti prospect, located in Block 2913B north of the company’s Venus discovery.Aker BP has proven gas in appraisal well 6507/2-7 S in the Norwegian Sea…

Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy, a Singapore-based global liquefied natural gas (LNG) trading business.Pavilion Energy is an LNG business with a contracted supply volume comprising about 6.5 million tonnes per annum (mtpa).Headquartered in Singapore, Pavilion Energy’s global energy business encompasses LNG trading, shipping, natural gas supply and marketing activities in Asia and Europe.“The acquisition of Pavilion Energy will strengthen Shell’s leadership position in LNG…

A South African appeals court on Monday suspended a previous ruling that halted offshore exploration by Shell along the unspoilt Wild Coast and allowed oil companies another chance at public consultation, court documents showed.The lack of public consultation was among key reasons why a lower court ruled against Shell and other oil companies Impact Africa and BG International.In a keenly watched decision, the Supreme Court of Appeal (SCA) provided a lifeline to oil companies exploring along South Africa's coast…

ABS granted approval in principle (AIP) to Value Maritime (VM) for its Carbon Capture System onboard seagoing vessels. The Filtree System - a prefabricated gas cleaning system that filters sulfur and 99% of particulate matter - includes a Carbon Capture Module that captures the CO2 onboard in a battery container.Value Maritime’s CCS technology is designedd  too allow vessels to capture up to 40% of CO2 emissions, with the potential of exceeding 90% in the future.The Filtree System has already been installed on over 20 vessels…

Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean power acquisition, company and industry sources said.Sawan will from January take on a firm with a strong balance sheet after a surge in oil and gas prices, but whose renewables capacity has lagged peers like TotalEnergies and BP as green issues come increasingly into vogue. Shell aims to halve its greenhouse gas emissions by 2030 and to become a net-zero emitter by 2050…

Leading British ports operator Peel Ports aims to become net zero of carbon emissions at all its operations by 2040 and is exploring hydrogen fuel solutions for some of its energy needs, the private group's chief executive said.Britain has said it is committed to reaching net zero emissions by 2050, and finance minister Rishi Sunak told companies this week to set out plans by 2023 for a transition to a low-carbon economy.Mark Whitworth, CEO of Liverpool-headquartered Peel Ports…

Crowley Maritime Corporation announced it has appointed Massimo Messina as vice president, mergers and acquisitions (M&A).Based in Jacksonville, Fla., Messina will lead Crowley’s corporate expansion goals by identifying and assessing potential M&A candidates and execute transactions that align with the global enterprise’s future growth projection and endeavors across all business units.“Massimo has the vision and experience needed to source and obtain target opportunities to integrate into our business model and help keep Crowley on the cutting edge as a leader of our industry…

Brazilian maritime logistics and port operator Wilson Sons has accepted the resignation of Cezar Baião from the position of CEO of Operations in Brazil, effective from March 5, 2021. The company has this week said that its board has accepted the nomination and decided to appoint Fernando Fleury Salek as CEO of Operations in Brazil.Salek has acted as CFO of the company's Brazilian subsidiaries and Head of Investors Relations for the past five years. He is an economist having graduated from PUC-Rio with a specialization in Corporate Finance, International Finance, and Marketing.

Oil company Shell has extended the charter for Altera Infrastructure's FPSO Petrojarl Knarr FPSO, operating at the Knarr field offshore Norway.The FPSO owner, which recently rebranded from Teekay Offshore to Altera, said the extension with Shell would keep the FPSO busy in the Norwegian section of the North Sea until at least March 2022.The FPSO has been in operation on the Knarr field since 2015 under a firm duration until March 2021, which included a further fee payable by the Shell if the contract was not extended through to 2025 and with additional extension options.The contract amendment includes a reduction in day rate from March 2021 to March 2022 and the removal of the fee payable by Shell if the contract was not extended…

Houston-based Castleton Resources said that its subsidiary Castleton Commodities International LLC (CCI) has closed on the acquisition of the East Texas and North Louisiana Haynesville Shale assets of BG US Production Company LLC, a subsidiary of Royal Dutch Shell plc. Pro forma for the acquisition, Castleton Resources will hold approximately 222,400 net acres in the region and produce approximately 334 MMcfe/d (net). Castleton Resources is owned by CCI and Tokyo Gas America Ltd., a wholly owned subsidiary of Tokyo Gas Co., Ltd. Concurrent with the transaction, Tokyo Gas America Ltd. will increase its interest in Castleton Resources from 30% to approximately 46%.

German construction and machinery manufacturing firm Bauer Spezialtiefbau has tested onshore piles at the Saint-Brieuc offshore wind project in France to gather data for the design of foundations.The engineering outfit  designed, installed and tested a total of 14 drilled and grouted piles at the Routin Quarry near Cap Fréhel, Brittany, under a contract signed with project developer Ailes Marines last year.“The aim of the onshore tests was to obtain important friction values for the foundation of the planned offshore wind farm,” explained Paul Scheller, head of Underwater Foundations at Bauer Spezialtiefbau.“This will be the first commercial application for this type of piles worldwide.

For Marine Technology Reporter's (MTR) 14th Annual "MTR100" - a look at 100 innovators and technologies in the subsea space - MTR editor-at-large Elaine Maslin reports on five companies and technologies that are worth the watch for the remainder of 2019 and beyond. For the full edition, see https://magazines.marinelink.com/nwm/MarineTechnology/201907/Blue Logic: Entering a new eraCompletely new modes of operation are entering the underwater domain for oil and gas operations and…

Silver Ships, Inc. has announced its collaboration with industry vendors in the creation of an aluminum demonstration yacht tender. The 36-foot demo boat is designed and manufactured to serve the purpose of supporting a large yacht with comfortable seating for up to 10 passengers.The vessel is an Ambar series Rigid Hulled Inflatable Boat (RHIB) equipped with an extended, enclosed center console with forward cuddy (with boat head). It is outfitted to satisfy the need for versatility in both recreational and commercial use…

A.P. Moller - Maersk, an integrated container logistics company, announced that it is moving its  North-East England coverage from Immingham to Hull.The existing connection between Immingham and continental Europe, will change to Hull, enabling better accessibility for local shippers and offering convenient connection with mainline services."Starting January 12th, 2019, the short sea service, operated by BG Freight and currently calling Immingham, will be moved to Hull Container Terminal in East Yorkshire, also operated by Associated British Ports," said a press release from the Danish shipper.“We are very pleased with the feedback received from our customers…

Greece-based Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with BG Shipping Co., Limited, Hong Kong, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene.The global shipping company specializing in the ownership of dry bulk vessels said in a press note that the gross charter rate is US$11,500 per day, minus a 5% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The charter commenced earlier today.The “Alcmene” is a 93,193 dwt Post-Panamax dry bulk vessel built in 2010.This employment is anticipated to generate approximately…

Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as he is fresh off of a 12-month stint investigating the market in depth."We wanted to take a fresh look at the market, to identify opportunities both in the production and regassification of LNG" is how McCaul, founder of IMA, best describes his team’s 12-month effort to study and report on the industry.

International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.

International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.

Royal Dutch Shell Plc is in talks to sell its assets in a Gulf of Mexico oilfield to Focus Oil to pay for its takeover of BG Group Plc, Bloomberg reported on Thursday, citing people familiar with matter.The deal could value Shell's stake in the Caesar Tonga field at about $1.3 billion, the report said.Shell has a 22.5 percent working interest in Caesar Tonga, with the rest owned by companies including Anadarko Petroleum Corp, Equinor ASA and Chevron Corp, Bloomberg said, citing company filings.Shell and Focus Oil did not immediately respond to a request for comment.(Reporting by Sathvik N in B

A new test project in Norway looks to employ specialty software for the optimization of floating production storage and offloading (FPSO) maintenance.Lloyd's Register (LR) said it is using its RTAMO software to support AkerBP in an effort aiming to optimize maintenance activities for the Skarv FPSO infrastructure and equipment.RTAMO, which stands for Real-Time Adaptive Maintenance Optimization, is a standalone cloud-based software-enabled service that uses predictive algorithms linking planned maintenance to economic and reliability outcomes.

SENER said that two container ships designed by the Chinese company CIMC ORIC – that are part of a series designed with SENER’s FORAN System – are in operation. BG Diamond and BG Jade that have been launched and are operating in the Pacific Ocean. The vessels were built in Chinese Changhong International Shipyard. The floating ceremony of the first one, BG Diamond, took place in July 2017. The series include 4+4 vessels in total, so there are still six vessels under construction. FORAN system was implemented in this design company in December 2015.