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Sunday, September 23, 2018

Shell News

Blockchain Benefits Still Murky for Most Commodities Trading

© Riza / Adobe Stock

Commodity firms and banks have been diving into blockchain pilot schemes over the last two years but the new technology's application for most trading has likely been over-hyped, a report by Boston Consulting Group (BCG) said.Blockchain, originally the platform behind cryptocurrency Bitcoin, is viewed by some as a solution to inefficiencies, improving transparency and reducing to the risk of fraud. But BCG believes its potential has been exaggerated.A high-tech ledger, blockchain…

Swiss Utility in Talks to Buy LNG from Canada's Goldboro Project

File Image: Credit QGTC

Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company planning to build a liquefied natural gas (LNG) terminal.A sales and purchase agreement would boost the chances that Pieridae Energy would decide to build the C$10 billion ($7.6 billion) Goldboro project, which would be the first LNG export terminal on Canada's East Coast.Canada is rich in oil and gas but has yet to export major shipments of LNG to Asia from its West Coast or across the Atlantic from its East Coast."Under the term sheet with Pieridae Energy…

Carnival Maritime Partners with Wessels Reederei for LNG Training

WES Amelie LNG. Photo: Carnival Maritime

AIDAnova is due to usher in a new era at the end of the year when it becomes the first cruise ship that can run on environmentally-friendly liquefied natural gas (LNG). To fully prepare the captains and officers for this technological changeover, a series of practical training sessions at sea started in June. The basis of this training project is a new cooperation between Carnival Maritime and Wessels Reederei, which is providing the LNG-powered container ship WES Amelie for training…

Rotor Sails Installed on Maersk Oil Tanker

Two 30- x 5-meter Norsepower Rotor Sails installed on board the Maersk Pelican

A Maersk product tanker has become the third commercially operating vessel to be equipped with Norsepower Rotor Sail auxiliary wind propulsion technology.Two Rotor Sails have been installed on board the 109,647- DWT Long Range 2 (LR2) product tanker Maersk Pelican in the Port of Rotterdam, announced project partners Norsepower Oy Ltd., Maersk Tankers, Energy Technologies Institute (ETI) and Shell Shipping & Maritime. The ship is expected to commence its first voyage with its new sails shortly.At 30 meters tall by five meters, the Rotor Sails aboard Maersk Pelican are the largest in the world.

Okea Weighs Its Options for Grevling Oil Discovery

Norwegian oil firm Okea is looking at four options to develop its North Sea North Sea Grevling oil discovery, which in turn could impact on the company's valuation in a deal with Thai investor Bangchak Corporation PCL (BCP), it said on Tuesday.BCP has agreed to invest 939 million Norwegian crowns ($112.25 million) in Okea to partly finance the company's 4.5 billion crowns acquisition of Royal Dutch Shell's stakes in the Draugen and Gjoea fields.Okea, which plans to list on the Oslo stock market in the next 12 months, said the deal between BCP and Okea's majority owner, private equity firm Seacrest Capital, values the Norwegian oil firm at 860 million Norwegian crowns.The valuation could fall, however, to 778 million crowns, or rise to 940 million, depending on whether or not the company is

Shell in Talks to Sell $1.3 Bln of Gulf Coast Assets

(File photo: Anadarko)

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

Total to Exit Hazira LNG, Sell 26% Stake to Shell

Photo: Hazira LNG and Port

French energy giant Total SA will exit the Indian liquefied natural gas (LNG) venture by selling 26% stake to its partner Royal Dutch Shell, the two companies announced."Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approval of regulatory authorities," said a press statement.In parallel, Total has signed an agreement to sell 0.5 million tons of liquefied natural gas (LNG) per year to Shell over 5 years…

Harvey Gulf to Reflag Some Assets as it Expands International Reach

Harvey CEO Shane Guidry

Harvey Gulf International Marine has confirmed that it is going global with the reflagging of both Offshore Supply and Fast Supply Vessels to facilitate work in Mexico.Harvey will open additional offices in Mexico through its affiliate, Harvey Gulf International Marine de Mexico S.A.P.I. de C.V. Harvey will also establish itself in Trinidad and Guyana by opening offices and redeploying shore base personnel and vessels to those areas.Harvey will certify vessels for operation under Mexican flags to ensure its customers can receive Harvey service levels for their expanding Mexico operations.

New Fuel Rules Push Shipowners to Go Green with LNG

El Coquí, one of the world’s first ConRos powered by LNG (Photo: Crowley)

Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry's biggest shake-up in decades.From 2020, International Maritime Organization rules will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, unless they are equipped to clean up sulphur emissions. This will be enforced…

LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023

LNG for Marine. Photo: Skangas

The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24,684.7 million by 2023.The key factors driving the growth of LNG bunkering market are increase in LNG demand in order to reduce the carbon footprint in the shipping industry stringent international emission policy, the best cost- effective alternative fuel and significant rise in government initiatives supporting LNG adoption.According to a research report from Energias Market Research…

Dual-fuel Tug Delivered to Keppel Smit Towage Singapore

Keppel Offshore & Marine’s shipbuilding arm Keppel Singmarine has delivered its second dual-fuel tug capable of running on liquefied natural gas (LNG). The new vessel, named named Maju Loyalty, was built for Maju Maritime (which is merged operationally with Keppel Smit Towage).Abu Bakar, managing director, gas and specialized vessels, of Keppel O&M, said, "Leveraging our newbuild experience and capabilities in LNG, we were able to ensure the smooth execution and timely delivery of this project. This is the second dual-fuel tug built by Keppel O&M, and furthers our track record in the design and construction of cost and energy efficient LNG-fueled vessels.

Storm Gordon Starts Kicking Up Waves on U.S. Gulf Coast

Photo: NOAA

Waves began to batter parts of the U.S. Gulf Coast on Tuesday as the region felt the first hit of Tropical Storm Gordon, which is expected to become a hurricane before it comes ashore with high winds and heavy rain, forecasters said.The storm also caused a jump in global oil prices after the evacuation of two oil platforms in the Gulf of Mexico.Gordon was due to come ashore late on Tuesday near the border between Louisiana and Mississippi, and drop as much as 12 inches (30 cm) of rain in areas still recovering from last year's hurricanes…

ABS to Class Singapore's First LNG Bunker Barge

Singapore’s first liquefied natural gas (LNG) bunker barge scheduled to begin construction in January 2019. The 7,500 cubic meter capacity barge will be owned and operated by a joint venture between Shell and Keppel Offshore & Marine, FueLNG Pte Ltd, who selected ABS to class the vessel.To help spur the project, Singapore’s Maritime and Port Authority (MPA) recently granted up to $3 million to FueLNG Pte Ltd to build the barge. The vessel will be based in the Port of Singapore and will supply LNG fuel to large oceangoing vessels throughout the region.“This project is an important milestone for the region and is a key component of Singapore’s strategy to become the world’s largest bunkering port,” said ABS Vice President Global Gas Solutions, Patrick Janssens.

Shell Marine Discusses Engine Protection Beyond 2020

Joris Van Brussel, General Manager of Shell Marine (Photo: Shell Marine)

Marine lubricant choices to address International Maritime Organization (IMO) restrictions on the fuels used by ships from 2020 must be based on verifiable cylinder oil performance data and engine testing to cover all operating conditions, according to the new General Manager of Shell Marine, Joris Van Brussel.Based in Singapore, Joris has gained experience across Shell’s fuels, lubricants and renewables businesses worldwide, with roles in licensing, branding and retail activities…

Horizon Maritime Adds Tidewater OSV to Its Fleet

Tidewater Enabler (Photo: Horizon Maritime)

As momentum continues to slowly ramp up in the offshore sector, Horizon Maritime said it has grown its fleet with the addition of another multifunctional offshore support vessels (OSV) from Houston-based Tidewater Marine.The new vessel, Tidewater Enabler, joined Horizon’s fleet in August and is capable of supporting various specialized marine applications, the company said. The OSV  is designed for operations in harsh weather conditions and features a 100-metric-ton/2,000-meter subsea crane…

Shell Ships 'Slurry Oil' from Singapore to UAE

© Christopher R Irvine / MarineTraffic.com

In an unusual arbitrage move, Shell International Eastern Trading Company (SIETCO) has chartered a tanker to ship up to 80,000 tonnes of slurry oil from Singapore to Ruwais in the United Arab Emirates (UAE).Shell has chartered the tanker Maersk Prosper to load 80,000 tonnes of fuel oil from Singapore on Aug. 18 to 20 and for discharge into Ruwais at a $450,000 fee, according to data from two shipbroker reports and a trade source with knowledge of the matter.Ruwais in the UAE is the site of Abu Dhabi National Oil Corp's (ADNOC) 800…

AET and Shell Sign DPST Contract

Image: AET Tankers Pte Ltd

Shuttle tanker owner AET, a wholly-owned subsidiary of  Malaysia's MISC Group, has won its first contract with Shell in Brazil to time charter one new-build dynamic positioning shuttle tanker (DPST).AET earlier this year sealed a long-term charter for two newbuild LNG-fuelled Aframax tankers with Shell that is set to begin in the fourth quarter of this year.AET President & CEO Capt. Rajalingam Subramaniam said: “Shell has chosen to use our shipping services for many years and…

Offshore Test of New Installation Technology Successful

Image provided by Van Oord

The Carbon Trust and Fistuca, in conjunction with industry partners announced the successful completion of the offshore trial of the Fistuca BLUE 25M hammer as part of the Offshore Wind Accelerator BLUE PILOT project.The industry partners include E.ON, EDPR,  EnBW, Equinor, Ørsted, Shell, Sif, SSE, Van Oord, and Vattenfall. The offshore test was carried out on August 13, 2018, using Van Oord’s offshore heavy lift installation vessel, Svanen, off the coast of the Netherlands.The BLUE Hammer is an innovative…

Crowley Delivers Appomattox Platform

Image: Crowley Maritime Corp

Crowley Maritime Corp.’s offshore services group has delivered Shell’s Appomattox semi-submersible Floating Production System (FPS) to the open waters of the U.S. Gulf from Kiewit Offshore Services' construction facility in Ingleside, Texas.Making the tow-out possible were Crowley’s Ocean Sky and Ocean Sun tugboats, which worked together on behalf of customer Heerema, alongside other third-party assets to deliver Appomattox.Demonstrating both nearshore and offshore capabilities…

NYK, Toyokoh to Address Steel Corrosion on Ships

The effect of CoolLaser on steel on deck. Before (left) and after. Photo: NYK

NYK has signed a memorandum of understanding with Toyokoh Inc. to examine a joint business development utilizing Toyokoh’s "CoolLaser" technology in the maritime field.NYK aims to reduce the maintenance workload of crew on deck, in addition to dry-dock costs for repairs, and will discuss development of a business to provide a more efficient and environment-friendly maintenance method using Toyokoh’s epoch-making laser technology.Steel used on a ship’s deck is always susceptible to rust due to the harsh outdoor ocean environment that can lead to corrosion arising from severe salinity…

Repsol to Buy LNG from Venture Global

Image: Venture Global

Venture Global LNG announced that it has entered into a 20-year, binding Sales and Purchase Agreement (SPA) with Repsol for the supply of one million tonnes per annum (MTPA) of liquefied natural gas from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, Louisiana, USA.Under this agreement, Repsol will purchase LNG on a free on board (FOB) basis for a 20-year term, starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility…

Shell to Deploy AI Applications

Image: Shell

Royal Dutch Shell and C3 IoT have announced that Shell has selected C3 IoT as its artificial intelligence (AI) platform to enable and accelerate digital transformation on a global scale.By deploying the C3 IoT Platform globally on Microsoft Azure, Shell expects to realize substantial economic value by rapidly scaling and replicating AI and machine learning applications across its upstream and downstream businesses and by improving operating performance, with an emphasis on health…

Rosneft Orders Two Oil Tankers from Zvezda Shipyard

A previously delivered vessel of the same class of Green Funnel tankers (Courtesy SCF Group)

Russian oil company Rosneft announced it has ordered two Aframax crude oil tankers to be built at Russia's far eastern Zvezda shipyard for scheduled delivery in 2022.The Russian-flagged vessels will have a deadweight of 114,000 metric tons and a 1A/1B ice class, which makes them able to operate in icy conditions year round, including in sub-Arctic seas and Russian ports of the Baltic region, said Russian shipping company PAO Sovcomflot (SCF Group).According to the documents, Arctic Leasing will place orders for construction of the two Aframax tankers at the shipyard…

Maritime Reporter Magazine Cover Sep 2018 - Maritime Port & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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