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Wednesday, November 14, 2018

Energy News

Kalmar Helps Port of Long Beach to Meet Green Objectives

Pic: Kalmar

Kalmar's new all-electric terminal tractor is helping the Port of Long Beach (POLB) meet its eco-efficiency objectives while satisfying the commercial demands of the users of the second-busiest container seaport in the US.According to a press release from Kalmar, a part of Cargotec Corporation, POLB  in California handles trade worth in excess of $180bn from 175 shipping lines connecting to 217 seaports around the world. In 2017, more than 7.5 million container units passed through…

Engie to Invest in Green Gas in France

Photo:  Engie

Isabelle Kocher, Engie CEO, announced that EUR 800 million would be mobilized in the next five years to develop green gases, a new French sector of excellence that will create value and jobs in France.François de Rugy, French Minister of State, Minister of the Ecological and Solidarity Transition was present during the announcement. This plan will support the objective of at least 10% green gas injected into the networks by 2030, as enshrined in the French Energy Transition Law…

Total Wins 40% Stake in Unconventional Gas Concession

Photo: Abu Dhabi National Oil Company

Abu Dhabi National Oil Company (Adnoc) has awarded a 40 per cent stake in the Ruwais Diyab gas concession to French energy major Total.Adnoc group, for which the award is an important milestone to reach the target of 1 Bcfd of unconventional gas production before 2030, said in a press release that it will retain a 60% stake in the concession.Under the terms of the agreement, Total will explore, appraise and develop the concession area’s unconventional gas resources.The agreement…

First U.S. LNG Cargo Since Trade Tariffs Arrives in China

An LNG carrier at sea. Fine Image (QGTC)

A liquefied natural gas (LNG) cargo from the United States has arrived in China, the first such cargo since Beijing imposed a tariff on U.S. imports, shipping data from Refinitiv Eikon showed on Monday.The cargo was shipped on the tanker Ribera Duero Knutsen from the Sabine Pass terminal operated by Cheniere Energy .It arrived at the Zhejiang Ningbo LNG terminal in China on Nov. 11, the data showed.This is the first U.S. LNG cargo to be shipped to China since Sept. 10, according to the data. China imposed a 10 percent tariff on U.S. LNG in September.Reporting by Jessica Jaganathan

ForSea Completes ABB Powered Battery Ferry Conversion

Power on Ferry (Credit Forsea)

Inauguration of Tycho Brahe and Aurora marks successful completion of a high-profile conversion project with ABB’s technology at its heart.The largest emission-free ferries in the world have been officially welcomed into service after guests boarded Tycho Brahe in Helsingborg, Sweden and Helsingør, Denmark on November 9 for a special inauguration ceremony marking completion of an all-electric conversion.“We are delighted that the entire system is in place to support the emissions-free operations we envisaged from the outset,” said Johan Röstin, CEO, ForSea.

China Becomes Top Natural Gas Importer

© vladsv / Adobe Stock

China has overtaken Japan to become the world's top importer of natural gas, as Beijing's crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.China's total natural gas imports over January to October this year via pipeline and as liquefied natural gas (LNG) were at 72.06 million tonnes, up a third from the same period last year, according to Reuters calculations based on General Administration of Customs data.Japan…

USP, CNCo Join to Research New-Generation Low-Carbon Ships

Image: Swire Shipping

The University of the South Pacific (USP) and The China Navigation Company (CNCo), parent of Swire Shipping and Swire Bulk, have signed a Memorandum of Understanding (MOU) to conduct feasibility studies for the design costs and plan for new generation ships for the Pacific region which is committed to low carbon sea transport.Under the MOU signed on 10 November 2018, Project Cerulean aims to eventually develop a new class of small cargo freighter, which, once proven to be commercially viable to operate…

Saudi Aramco, ADNOC to Cooperate on LNG

Saudi Aramco and ADNOC MoU signing ceremony. Photo: Saudi Aramco

The state-owned energy giants of Saudi Arabia and the United Arab Emirates, Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), signed a cooperation deal to explore potential areas for mutual collaboration in the LNG value chain aimed at bolstering gas production and revenue.The Saudi Arabian national petroleum and natural gas company based in Dhahran said in a press release that it has signed a framework agreement  with ADNOC to explore opportunities for collaboration in…

India Publishes Draft Wind Turbine Certification

Image: National Institute of Wind Energy

India's Ministry of New and Renewable Energy (MNRE) has issued a draft scheme on wind turbines in India. Known as the ‘Indian Wind Turbine Certification Scheme’ (IWTCS), the draft has been prepared in consultation with the National Institute of Wind Energy (NIWE), Chennai."The IWTCS is a consolidation of relevant National and International Standards (IS/IEC/IEEE), Technical Regulations and requirements issued by Central Electricity Authority (CEA), guidelines issued by MNRE and other international guidelines…

BY THE NUMBERS - Offshore Supply Vessels: Balanced Continued Pressure with Gradual Recovery

Credit: Alix Partners

Global consulting firm AlixPartners, in a new paper entitled, “Too many ships, too few rigs: why recovery is still a distant dream for the OSV sector,” warns that companies counting on a quick return to stability in the OSV sector are in for a rude awakening.The September report goes on to say that OSV companies continue to face pressure due to a radically changed oil industry and must take quick and decisive action in order to survive in what should be considered the ‘new normal.’Separately…

NYK Pushes Decarbonization via NYK Super Eco Ship Design

The conceptual NYK EcoShip (CREDIT: NYK)

As a part of the NYK Group’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” a new future concept ship has been designed by incorporating innovative technologies that will result in an emission-free vessel — the “NYK Super Eco Ship 2050.”BackgroundThe NYK Group’s mission of “Bringing value to life” and the company’s basic philosophy of “contributing to the betterment of societies” has inspired the group to positively address the tough issues that challenge our society.In fact…

Leclanché, Kongsberg Join Forces for Green Ships Push

Image: Kongsberg

Nordic marine technology company Kongsberg Maritime has selected Swiss battery maker  Leclanché, one of the world’s leading storage solutions companies, as its battery partner and supplier of customised marine energy storage solutions.The partnership contributes to Kongsberg's new generation of hybrid power solutions, which are set to deliver game-changing efficiencies and reduce the environmental impact of transportation with cutting-edge autonomous and crewed vessel newbuilds.Leclanché’s batteries will be an integral part of Kongsberg’s hybrid solutions.

Aoka Mizu FPSO Needs Extra Repairs

Aoka Mizu FPSO (Photo: Bluewater)

The floating production storage and offloading (FPSO) unit Aoka Mizu's planned stop in Algeciras, Spain will be extended for additional repair work, said U.K. based Hurricane Energy.The FPSO, which will be used at Hurricane's Early Production System development of the Lancaster field west of Shetland, is in Algeciras for planned personnel changes, bunkering and other commissioning activities. The stopover will be extended to repair an auxiliary system associated with power generation…

North Sea Port Opens Netherlands' Largest Solar Park

Pic: North Sea Port

The Scaldia solar park officially opened in North Sea Port, the logistical heart of Europe. The firm ib vogt installed more than 140,000 solar panels, making this the largest solar park in the Netherlands.The official opening took place with the symbolic starting of the generator, getting the largest solar park in the Netherlands up and running.The Scaldia solar park is located in the municipalities of Borsele and Vlissingen. For Zeeland, the facility is important to achieving its climate objectives: over 30 years…

OMV, Sapura Energy Sign Pact

Image: Sapura Energy Berhad

Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion."Under the agreements, OMV Exploration and Production GmbH (OMV E&P), a wholly-owned subsidiary of OMV Aktiengesellschaft, will buy a 50 per cent stake of the enlarged issued share capital in a newly-formed joint venture company, SEB Upstream Sdn Bhd (SUP), based on an enterprise value of up to USD1.6 billion comprising an equity value of up to USD1…

Wind to be EU's Largest Power Source in Ten Years

Image: WindEurope

Wind power is set overtake coal, nuclear and gas to become the EU’s largest power source well before 2030. This is according to the International Energy Agency’s (IEA) 2018 World Energy Outlook.According to the IEA’s projections, wind energy will become the EU’s largest power source in 2027, overtaking coal, nuclear and then gas in the process. This is compared to the IEA’s last projection made in its 2017 World Energy Outlook, where it said this would happen “soon after 2030”.According to the IEA…

Maersk Warns Trade War Will Impact Box Shipping

Maersk Chief Executive Soren Skou (CREDIT: Maersk)

Top U.S. importers are stocking up on Chinese goods before new import tariffs take effect, shipping giant A.P. Moller-Maersk said on Wednesday, but warned a trade war would hit demand for container shipping in the coming years.Maersk's data indicated that imports into the United States from China had grown 5 to 10 percent year-on-year in the third quarter as companies such as Walmart and Home Depot built up inventories to avoid new import tariffs, Chief Executive Soren Skou said."The irony is that after (U.S.

DSC Dredge CEO Wetta Delivers Ghana Fact-Finding Trip Report

Bob Wetta, President and CEO of DSC Dredge LLC, right, with U.S. Commerce Secretary Wilbur Ross during PAC-DBIA. (Photo: DSC Dredge)

As a member of the President’s Advisory Council – Doing Business in Africa (PAC-DBIA), Bob Wetta attended the September 26, 2018 Fact-Finding Trip Report meeting in Washington, D.C., with U.S. Secretary of Commerce Wilbur Ross and 13 other U.S. Government officials. Their purpose was to deliberate and adopt the final report of the 2016-2018 term of the PAC-DBIA. Prepared by IBM’s Takreem El-Tohamy, but unfortunately unable to attend the meeting, Bob Wetta presented the Ghana information…

Ultra Petroleum Appoints David Honeyfield as CFO

Map: Ultra Petroleum

Ultra Petroleum informed that David Honeyfield has been appointed to serve as CFO of the gas producer with assets in Wyoming’s Green River Basin.A press release from the energy company engaged in domestic natural gas and oil exploration, development and production said that Honeyfield has over 25 years of experience in the energy and natural resources fields with a strong background in accounting and the corporate management of public oil and gas companies.Most recently, Honeyfield served as Senior Vice President and Chief Financial Officer of PDC Energy, Inc.

Low EU River Stir Fuel Markets in Singapore

File Image: An inland cargo movement on the Danube River. CREDIT: Adobestock / © digitalstock

Rhine water levels hit record lows in October; river is a key fuel transport hub for Europe.Low water levels on the Rhine river have caused a fuel supply deficit in parts of Europe's industrial heartlands that is sucking up cargoes from more than 10,000 km away in Singapore.Following a long, scorching summer, water levels on the Rhine - a key commodity shipping lane connecting industrial centres in Switzerland, Germany, France and the Netherlands to major seaports - fell to record lows…

Odfjell: Chemical Tanker Market Remains Stable

Photo Credit:  Odfjell

Odfjell SE has reported its results for Third Quarter 2018. The results reflect a stable chemical tanker market and stable underlying results from Odfjell Terminals when adjusting for the Rotterdam terminal.Odfjell SE reports EBITDA of USD 32 million compared with USD 37 million in the previous quarter.Highlights for the third quarter of 2018:• EBITDA of USD 27 million from Odfjell Tankers compared to USD 28 million in second quarter• ODFIX was down 2.0% for the quarter compared…

Mintra Group Acquires Atlas Knowledge

Mintra Group's CEO Scott Kerr (left) and UK Managing Director Gareth Gilbert (Photo: Mintra Group)

The HR, competence and training specialist Mintra Group said it has acquired Aberdeen headquartered learning technology services firm Atlas Knowledge.The move will bring both Aberdeen operations together to offer learning and competency systems and services to customers in the oil and gas, maritime, aviation, construction and energy sectors.With a turnover of around £15 million, Mintra employs more than 100 people globally and is backed by investor The Riverside Company. Atlas delivers digital learning solutions to safety critical industries…

Second Turkish Drill Ship Will Operate in Black Sea

Fatih Donmez (Photo: Turkey's Ministry of Energy and Natural Resources)

Turkey has completed the purchase of its second drilling ship, which will operate in the Black Sea at the north of the country, Energy Minister Fatih Donmez said on Friday.Turkey is almost completely reliant on imports to meet its energy needs.

Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

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