Norway Eyes Sea Change in Deep Dive for Metals Instead of Oil
Norway's oil and gas reserves have made it one of the world's wealthiest countries but its dreams for deep-sea discovery now center on something different.This time, Oslo is looking for a leading role in mining copper, zinc, and other metals found on the seabed and in hot demand in green technologies.Norway could license companies for deep-sea mining as early as 2023, its oil and energy ministry told Reuters, potentially placing it among the first countries to harvest seabed metals for electric vehicle batteries…
Mitsui OSK Inks 30-year LNG Carrier Charter for Russia's Arctic LNG 2 Project
Japan's Mitsui OSK Lines Ltd (MOL) said on Monday it has signed a 30-year charter contract with the operator of the Arctic liquefied natural gas (LNG) 2 project, led by Novatek, for three ice-breaking carriers for the Russian project.The three vessels will be built by South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd, costing about 90 billion yen ($859 million) in total, and are scheduled for delivery in 2023, MOL said.The carriers will mainly transport LNG from a…
Japan Test Production of Frozen Subsea Gas
Japan to begin the world’s first offshore drilling operation to extract frozen natural gas locked under the seabed. Japan Oil, Gas & Metals National Corp., known as JOGMEC, and the National Institute of Advanced Industrial Science and Technology will begin test production for methane hydrate in the Nankai Trough about 50 kilometers (31 miles) off the coast of the country’s main island of Honshu, reports Bloomberg. Deposits of methane hydrate, known as “burnable ice,” could provide Japan with a “next-generation source of clean energy” and may be large enough to supply the country’s natural gas needs for about 100 years, according to JOGMEC. The government plans to develop technology to enable commercial use of methane hydrate by fiscal 2018. Source: Bloomberg
Chevron’s Brazil Spill Legal Claims Rise to $22 Billion
Chevron Corp. and Transocean Ltd. are being sued for $22 billion in environmental damages in Brazil, double initial claims, after a federal prosecutor filed a second lawsuit over oil spills off the nation’s coast, according to Bloomberg. Chevron committed “a series of errors” which led to the March spill at Frade, the second incident at the offshore oil project, the federal prosecutors’ office said yesterday. Prosecutor Eduardo Santos de Oliveira is also seeking to halt operations at Frade and block San Ramon, California- based Chevron from transferring profits from Brazil. “The oil spill at the Frade field hasn’t been contained,” Oliveira said.
Japanese Deep Ocean Exploration Ship Shown Off
Japan has unveiled a 6,283-ton exploration vessel that will search for rare metals and other natural resources in waters around the nation. The Hakurei, 118 meters long and 19 meters wide, was shown to the media at Harumi Wharf in Tokyo. The vessel features drilling equipment that can dig up 400 meters into the seabed at a depth of 2,000 meters. The ship will initially search for resources off Okinawa Prefecture and the Ogasawara Islands. The Hakurei is owned by the government-backed Japan Oil, Gas and Metals National Corp.
