DNV GL Certifies Arkona Offshore Wind Farm
Norwegian testing and advisory company DNV GL said it awarded the Arkona Offshore Wind Farm with the project certificate.The certification was carried out according to the German Federal Maritime and Hydrographic Agency (BSH – Bundesamt für Seeschifffahrt und Hydrographie) standard BSH7005 and covers all stages of the project development from design planning over construction to commissioning.The project certificate confirms all relevant safety features of the wind farm and validates the technical and quality compliance with the BSH standard requirements…
LNG Oversupply to Turn into a Shortfall
Among the reasons oil companies are latching onto gas as the energy transition looms are that it’s plentiful, future demand growth outstrips oil and it has relatively low carbon intensity, said Wood Mackenzie in a report.LNG market is set to flourish, yet prices today are collapsing - the report explains this contradiction.Massimo Di-Odoardo, Head of Global Gas Research said in the report: "We’ve just come off the back of two strong years when surging demand growth absorbed new supply.
BP, Nouryon, Rotterdam Port Join for CO2 Cut
British multinational oil and gas company BP, Nouryon (formerly AkzoNobel Specialty Chemicals), and the Port of Rotterdam have joined forces to explore the opportunity of making “green hydrogen” via water electrolysis for BP’s refinery in Rotterdam, the Netherlands, which has the potential for significant reductions in CO2 emissions.The refinery currently uses hydrogen made from hydrocarbons, to desulphurize products. Replacing this entirely with green hydrogen produced from water using renewable energy could potentially result in a reduction of 350…
DNV GL, Keppel to Promote Use of LNG as Ship Fuel
Norwegian classification bureau DNV GL and Singapore-based Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine (Keppel O&M), have signed a framework agreement to boost the uptake of liquefied natural gas (LNG) as ship fuel.The deal covers potential newbuilding projects including LNG bunker vessels, small-scale LNG carriers and floating storage regasification units (FSRUs), as well as LNG related assets employing battery and hybrid technologies.“The…
LNG Infrastructure Needs More Money: DNV GL
The vast majority (85%) of professionals working in the liquefied natural gas (LNG) sector believe that more investment is needed in LNG infrastructure to satisfy forecasts for growing global demand after 2025.However, more than two-thirds (69%) stated that uncertainty over prices is limiting spending in the megaprojects needed to feed the world’s growing appetite for LNG.A new report published by DNV GL has revealed that the vast majority (85%) of LNG professionals believe several new infrastructure projects will need to be initiated in 2019 to ensure LNG supply can meet demand post-2025.
CMA CGM Orders 10 Boxships from China
CMA CGM chairman and CEO Rodolphe Saadé has signed two strategic partnerships with Lei Fanpei, chairman of the China State Shipbuilding Corporation (CSSC), including an order of 10 containership newbuilds, as well as an agreement to jointly develop more efficient and environmentally-friendly vessels.The deals were signed Monday in the presence of French President Emmanuel Macron and Chinese President Xi Jinping, on the occasion of the latter’s State visit to France.The 10 new Chinese-built 15,000-TEU (Twenty-foot Equivalent Units) vessels will each measure 366 meters long.
LR Chalks Out Energy Growth Strategy
Lloyd’s Register (LR), which ranks as one of the world’s largest providers of professional services for the engineering and technology sectors, has chalked out a new strategy for future growth in the energy market.The firm, which started out in 1760 as a marine classification society and now has more than 7,000 staff globally, said that the first phase of its new global strategy for its energy business to reposition the professional services portfolio for growth through the energy transition…
Partnership to Test Sustainable Marine Bio-Fuel Oil
IKEA Transport & Logistics Services, CMA CGM, the GoodShipping Program and the Port of Rotterdam have announced they will cooperate in a first of its kind partnership to test and scale the use of sustainable marine bio-fuel oil. The test will commence with a landmark bunkering of the marine bio-fuel oil on a CMA CGM container vessel on March 19th, representing a major step towards the decarbonization of ocean freight.The test is being facilitated by the GoodShipping Program, a sustainable initiative dedicated to decarbonizing ocean freight…
First Mega-Boxship Retrofit to LNG Ordered
Hapag-Lloyd pilot gas-conversion leads the way for emissions reduction and decarbonizationMAN Energy Solutions has signed a contract for the conversion of a 15,000 TEU container vessel to dual-fuel operation. The container vessel MV SAJIR is owned by Hapag-Lloyd, a leading liner shipping companies, and normally serves a route from Asia to northern Europe via the Suez canal. The pilot project will entail the conversion of an existing, HFO-burning MAN B&W 9S90ME-C engine to a dual-fuel MAN B&W ME-GI (-Gas Injection) prime mover capable of running on HFO and LNG.
Offshore Wind Capacity to Exceed 100GW by 2030
The offshore wind power industry continues to grow at a steady pace - over 69 GW of new offshore wind capacity is expected to be installed between 2018 and 2027, exceeding 100 GW of operating capacity by 2030.According to a new report from Navigant Research, offshore wind will play an increasing role in the broader global energy transition to a more diverse and flexible energy economy.Though less offshore wind is installed annually compared to onshore wind, it remains an abundant…
Shell Shrugs off Brexit, Eyes UK Offshore Wind
Shell plans to enter Britain’s offshore wind market by acquiring seabed leases or taking stakes in existing projects, despite the country's impending departure from the European Union, the head of the company's New Energies division said.Oil firms are increasingly building portfolios of clean energy projects to satisfy investor demands that they reduce their carbon footprint. Shell previously said it would spend $1 billion to $2 billion a year on green technology."We absolutely would like to get a position in the UK offshore (wind) market…
Equinor Sells Natural Gas Worth USD26bln in 2018
Norwegian energy company Equinor has announced its 2018 sales of natural gas totalled $26bn, an increase of 29% from 2017.Equinor sold a total of 100 billion cubic metres (bcm) of gas worldwide in 2018. The company is the second-largest gas supplier to Europe, as well as the largest producer of natural gas on the Norwegian Continental Shelf (NCS)."As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030…
Oil & Gas M&A Deal Value Up in 2018
Global oil and gas total deal value increased by US$ 79.7b during 2018 to reach US$426.8b, despite a decrease of 18% in deal volume, said EY Global oil and gas transaction review 2018.It said that while the first two quarters of 2018 saw greater deal appetite aided by rising oil prices, caution returned in the second half of the year due to a decline in the oil price to 2015 levels.Looking ahead, the 2019 mergers and acquisitions (M&A) environment will likely be shaped by lower commodity prices…
India, China to Lead Rapid Growth in Energy
The major chunk of global energy supply growth is expected to come from renewables and natural gas over the next two decades, but steep investment in oil exploration and production will be needed to meet crude demand in 2040.The global energy demand is set to rise by around a third by 2040, driven by improvement in living standards, particularly in India, China and across Asia.- These are the key highlights of BP Energy Outlook 2019.It shows how rising prosperity drives an increase…
Rotterdam Port Achieves TEU Milestone in 2018
Europe's largest port, the Port of Rotterdam ended 2018 with a total container throughput at 469.0 million tonnes (MT) which slightly higher than in 2017, which was itself a record year (467.4 MT).Container transhipment was the engine of growth again, with a 4.5% increase in tonnage. Measured in TEUs, the standard unit for containers, the increase was 5.7% and the annual total was 14.5 million TEUs – also a record.This strengthens the position of Europe’s largest container port in this strategically important market segment.
BIMCO to IMO: "Use Real Data"
BIMCO, the largest of the international shipping associations representing shipowners, has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study does not include unrealistically high gross domestic product (GDP) growth projections to predict future transport demand - and thereby emissions - of the shipping industry.“It is imperative that the industry – and the world – base discussions and actions to reduce emissions from shipping on credible and realistic projections.
Slufterdam Doubles Wind Power
Eneco and Vattenfall have completed repowering of the Slufterdam wind farm in the Netherlands, boosting output to 50MW from around 25MW.The 17 existing wind turbines in the farm, which has been supplying renewable energy since 2002, have been replaced by 14 wind turbines that are much more efficient. As a result, the power has nearly doubled from 25.5 MW to 50.4 MW. The 14 wind turbines generate 180 GWh of electricity every year, enough to cover the annual consumption of around 60,000 households.The energy companies started preparations to replace the wind turbines in mid-2017.
LNG Demand to Reach 600 MT in 2035
The energy demand would continue to grow driven by emerging economies and the projected growth in global population, which will touch nine billion by 2040.LNG demand is expected to increase at an average four per cent annually to reach more than 600 million tonnes in 2035 versus 290 million tonnes in 2017, said Qatargas CEO, Khalid bin Khalifa Al Thani.Khalid said, “Natural gas remains the fastest growing fossil fuel globally, benefiting from its flexibility, competitive economics, and low emissions profile.
Boskalis Wins LNG Modules Contract
Dutch dredging and heavylift company Royal Boskalis Westminster has been awarded a contract for the transportation of a large number of modules for a North American LNG export facility.The contract value amounts to approximately USD 55 million with additional options for extensions, worth up to USD 30 million, a press release said.The scope of work includes the logistical management and transportation of various large modules from a fabrication yard in China to the facility in North America.
HHLA Support Energy Transition
German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) and its partners began research and development work on the publicly funded FRESH project at its Container Terminal Altenwerder (CTA).FRESH stands for flexibility management and control reserve provision of heavy goods vehicles in the harbour, said the firm which operates three container terminals at the Port of Hamburg: Altenwerder, Burchardkai and Tollerort, as well as cargo handling and transport services by rail…
Titan LNG, Fluxys to Build FlexFueler 002
Belgium-based natural gas transmission system operator Fluxys and Netherlands-based Titan LNG have joined forces to build the FlexFueler 002, a bunkering pontoon to make liquefied natural gas (LNG) more widely available as shipping fuel in the Antwerp port and region.Shipyard Kooiman, Zwijndrecht, The Netherlands, was contracted to build the FlexFueler 002. The pontoon, which is scheduled to be commissioned by mid-2020, will measure 76.4 x 11.45 m and is equipped with four vacuum insulated type C cargo tanks of 370 cu. m. each, to carry liquid LNG.
LGP-Fuelled ME-LGIP to Power Chinese VLGC
Further shipowners turning to LGP in advance of 2020 emissions deadlineJiangnan Shipyard, owned by China State Shipbuilding Corp (CSSC), has ordered an LPG-burning MAN B&W 6G60ME-LGIP engine in connection with the building of an 86,000-m3 VLGC (Very Large Gas Carrier) for Tianjin Southwest Maritime (TSM), the Chinese shipping company. Vessel delivery is scheduled for the second half of 2021 and includes an option for a second vessel.Bjarne Foldager – Senior Vice President, Head of Two-Stroke Business at MAN Energy Solutions – said: “With 2020 and the new IMO emissions fast approaching…
Obituary: Axel Kettmann, VP, CIMAC
CIMAC’s Vice President Axel Kettmann died on Monday at the age of 62 after a serious illness. The association has lost a companion who was extremely committed to the interests of the industry for many years, advancing many important topics.Axel Kettmann, Senior Vice President of ABB Turbo Systems in Baden for many years, always had a pragmatic view of what was feasible, without losing sight of the vision of innovative and clean energy generation. Emission reduction, international…