Value Chain News

13 Feb 2019

Oceanic Breeze Brings LNG to Japan

LNG carrier Oceanic Breeze delivers Ichthys LNG cargo to Naoetsu LNG Terminal. Image: INPEX Corporation

Japanese energy company INPEX Corporation announced that the LNG Tanker Oceanic Breeze called for the first time at INPEX’s Naoetsu LNG Terminal located in Joetsu City, Niigata Prefecture, Japan.The tanker has delivered a cargo of liquefied natural gas (LNG) from the INPEX-operated Ichthys LNG project in Australia.Oceanic Breeze is owned by Oceanic Breeze LNG Transport S. A. (OBLT), a joint venture between INPEX Shipping Co., Ltd. (INPEX Shipping) (30%) and Kawasaki Kisen Kaisha Ltd.

10 Feb 2019

Size Matters in Shale Industry

Image: Rystad Energy

Having taken a closer look at the detailed economics of the most recent 1,000 wells drilled in the most popular shale hotspot – the Wolfcamp A zone of the Permian Delaware basin – Rystad Energy can see a clear pattern emerging that favors large players.As US crude production is set to grow significantly over the next decade, analysts still debate whether shale drilling is actually a profitable endeavor. Some skeptics claim operators overstate their well production profiles, while…

04 Feb 2019

Blockchain to Track Sustainable Biofuel

BHP and NYK use GoodFuels biofuel to progress decarbonisation goals. Image: GoodFuels

Japanese shipping company NYK, global mining company BHP, green biofuel company GoodFuels and the developer of blockchain applications for the maritime industry Blockchain Labs for Open Collaboration (BLOC) bunkered biofuel in the tanks a BHP vessel in Netherlands.The Netherlands based GoodFuels Marine, a supplier of sustainable low carbon marine fuels, has annouced the successful delivery of sustainable biofuels to the BHP-chartered, NYK-owned bulk carrier Frontier Sky, with CO2 savings verified with BLOC’s blockchain fuels assurance platform.

04 Feb 2019

DCP Sells Terminals to NGL

Pic: DCP Midstream

Delaware-based NGL Energy Partners and Colorado's DCP Midstream have executed a purchase and sale agreement under which DCP will convey to NGL its wholesale propane business, generally consisting of seven natural gas liquids terminals in the Eastern United States.Under the terms of the agreement, NGL will acquire 100% ownership of five propane rail terminals operated by Gas Supply Resources, a subsidiary of DCP, and 50% ownership interest in a sixth propane rail terminal.The agreement also includes an import/export terminal located in Chesapeake…

28 Jan 2019

Study Prompts Investments in LNG as Marine Fuel

Image: SEA\LNG

A new study by the consulting group SEA/LNG reveals “a strong investment case” for LNG as a marine fuel in the container shipping market.The study was commissioned from the independent simulation and analytics company Opsiana in order to provide shipowners and operators in analyzing investment opportunities, said a press release from SEA\LNG.Peter Keller, Chairman, SEA\LNG, said: “We commissioned this study from independent simulation and analytics expert Opsiana to support shipowners and operators in analysing their investment opportunities in an informed way…

24 Jan 2019

DAVOS: Oil Majors Huddle in DAVOS to Mull Future

© Mike Mareen/Adobe Stock

When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics - climate change and pressure from investors.The conclusion of the discussions was worrying for those present - pressure is rising and the industry is losing a battle not to be seen as one of the world's biggest evils.The answer? Lure investors with higher returns and raise the PR game."There is no doubt - and…

21 Jan 2019

US Oil and Gas Industry Confidence Surges

Frank Ketelaars, Regional Manager, the Americas, DNV GL - Oil & Gas. Photo: DNV GL

Senior oil and gas professionals in the United States are among the world’s most confident about the outlook for the sector in 2019, as companies prepare for significant increases in capital expenditure (capex) over the coming months.According to a new research published by DNV GL, 85% of sector leaders in the US are optimistic about the industry’s growth prospects in the year ahead, up sharply from 60% in 2018. This compares with three quarters (76%) reporting confidence among respondents globally.Full of confidence…

21 Jan 2019

China’s Oil and Gas Industry to Focus on Environment Impact

Arthur William Stoddart, Regional Manager of Greater China, Korea & Japan, DNV GL - Oil & Gas

China’s oil and gas industry is set to reinforce efforts to reduce environmental impacts of its projects and operationsin 2019, said a research.According to a new research from DNV GL, six in ten (61%) senior oil and gas professionals in China say their organizations are actively preparing for the transition to a lower carbon energy mix compared to 51% globally. Industry leaders’ focus on decarbonization aligns with the Chinese government’s new ‘Blue Sky’ plan to tackle air pollution…

18 Jan 2019

Siemens Gamesa Launches First 10MW Offshore Turbine

Image: Siemens Gamesa

Spanish offshore industry player Siemens Gamesa Renewable Energy (SGRE) has unveiled a giant new 10+ MW wind turbine it claims will boost yields by 30 per cent, paving the way for a new generation of super-charged offshore wind farms.The turbine maker said in a press release that the new SG 10.0-193 DD is set to hit the market in 2022.Based on the experience of its previous generations, the newest wind turbine in the SGRE offshore product portfolio builds on proven technology for maximum energy yield at all wind speeds.

16 Jan 2019

Singapore MPA, Société Générale Join LNG Advocacy Group

Pic: SEA\LNG

The liquefied natural gas (LNG) advocacy group SEA\LNG has announced the appointment of Paul Taylor representing Société Générale and Capt M. Segar representing MPA (The Maritime and Port Authority) of Singapore as Directors of SEA\LNG Ltd.Following elections last December, Tahir Faruqui and Xavier Pfeuty also join the SEA\LNG Board as new directors representing Shell and Total Marine Fuels respectively.Welcoming them to the Board, reappointed Chairman Peter Keller said: “2018 was an exciting year for the LNG industry and our coalition.

15 Jan 2019

Shell Joins Dutch Pension Fund to Bid for Eneco

Pic: Eneco

British-Dutch oil and gas company Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch producer and supplier of natural gas Eneco, which is heavily invested in sustainable energy projects and worth an estimated USD 3.4 bln.This consortium is impressed with Eneco’s achievements in transforming the Dutch energy system through investments in sustainability and renewable energy. PGGM and Shell combine the knowledge, ambitions and financial commitment…

11 Jan 2019

US to Become Third Largest LNG Exporter in 2019

Pic: Center for Liquefied Natural Gas (CLNG)

The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world, creating jobs stateside while reducing emissions and providing reliable energy to countries around the world, said American Petroleum Institute (API).API, Center for LNG, and LNG Allies, the three national trade associations specializing in U.S. LNG, today issued a first-of-its-kind joint statement on the extraordinary developments expected in U.S. LNG in 2019.Todd Snitchler…

10 Jan 2019

Shell Acquires 26% Stake in Hazira LNG

File Image: Hazira LNG and Port

Royal Dutch Shell announced that it has completed the acquisition of French oil major Total SA's 26 percent stake in the company that operates 5 million tonnes per annum-Hazira LNG terminal in Gujarat, India."Shell Gas, a subsidiary of Royal Dutch Shell plc, acquired 26% equity interest in the Hazira LNG and  Port Ventures from French energy major Total Gaz Electricité Holdings, to complete the acquisition," said a press statement.The move allows Shell to build an integrated gas value chain: supply from its global LNG portfolio…

02 Jan 2019

Global FSRU Market to Grow 9% in Next Three Years

Image: Gazprom Marketing & Trading

The global floating storage regasification unit (FSRU) market is expected to post a CAGR of over 9% during the period 2018 – 2022, said a market research report. However, the growth momentum of the market is expected to decelerate during the year-over-year growth.According to a report from Technavio, stabilisation of crude oil prices is one of the major trends being witnessed in the global FSRU market 2018 – 2022.From 2014 to 2016, crude oil prices have witnessed fluctuations with steep variations in the price of crude oil per barrel…

02 Jan 2019

Keppel Wins New Marine Contracts

Image: Keppel Offshore & Marine

Singaporean conglomerate  Keppel Offshore & Marine said that it has secured new marine contracts with a combined value of S$300 million (USD 220 mln) through its subsidiaries. According to a press release from the company, the first contract is by Keppel Singmarine with Shturman Koshelev LLC for the design and construction of an ice-class LNG bunker vessel. When completed in 4Q 2020, the vessel will be chartered to Gazpromneft Marine Bunker Ltd (Gazpromneft) for operations in the Baltic Sea.

22 Dec 2018

Poseidon Med II Conducts Workshop

The European co-funded Poseidon Med II programme (PMII), organised a workshop at the Technological Educational Institute of Crete (TEI) in the context of its dissemination activities.The subject of the workshop, which took place on December 17th, 2018 was to present the appropriate framework for the adoption of Liquefied Natural Gas (LNG) as a marine fuel in the Eastern Mediterranean.The event was opened by the Rector,  N. Katsarakis, followed by a welcome note by the President and Managing Director of the port of Heraklion,  A. Philippis. The event was attended by Professors and students of the Technological Educational Institute of Crete…

13 Dec 2018

Bombardier Wins USD453mln Chinese Govt Rail Contract

Pic: Bombardier Sifang (Qingdao) Transportation

Global mobility solution provider Bombardier Transportation's Chinese joint venture (JV) has won a $453 million contract to supply 168 high-speed train cars to state-owned China Railway Corp (CRC).According to Bombardier Sifang (Qingdao) Transportation (BST), the JV, it is the second order win this year for China’s growing high-speed network."The new contract, awarded by CRC, is to supply 168 CR400AF new Chinese standard high-speed train cars and is valued at approximately CNY 3.1 billion ($453 million)…

13 Dec 2018

Yara Opens Shanghai Office

Yara Marine Opens Shanghai Office. From left to right: William Gao, Michael Chang ( general manager) Alice Li, John Jiang (Photo: Yara Marine)

As the demand for its exhaust gas cleaning systems -- aka. 'scrubbers' -- has grown, Yara Marine Technologies  opened its new office in Shanghai. Peter Strandberg, CEO, Yara Marine, explains: “A large percentage of scrubber installations will be executed in the Asia-Pacific region. A strong local presence in Shanghai is key to global customer support and our business."To date Yara Marine has delivered more than 100 scrubbers representing an aggregate operation of some two million hours.

10 Dec 2018

Ship Recycling Transparency Initiative Launched

Pic: Ship Recycling Transparency Initiative

Industry leaders and non-profit the Sustainable Shipping Initiative announced the launch of the Ship Recycling Transparency Initiative’s (SRTI) online platform - a tool for sharing information on ship recycling to drive responsible practice.According to a press release, the platform comes nine months after a group of shipping companies first announced their collective effort to use the market-drivers that transparency brings to make responsible ship recycling the norm. Demanding transparency holds the shipping industry to account…

05 Dec 2018

Cargotec Makes Waves in Maritime Startup Program

Pic: Cargotec

Cargotec, the Finnish company that makes cargo-handling machinery, has  partnered with Rainmaking in September this year to establish a startup collaboration programme called Trade & Transport Impact.The programme connects world leading corporations and innovative startups to address the biggest challenges in maritime, cargo transport and logistics, said a press release.Applications to join can now be made, and Cargotec invites startups worldwide to join with us in the Rainmaking Trade & Transport Impact programme."Maritime logistics is full of inefficiencies throughout the value chain…

25 Nov 2018

Wilhelmsen Unveils Raa Labs

Raa Labs CEO, Ari Marjamaa. Pic: Wallenius Wilhelmsen

Norway-based global maritime industry group Wilhelmsen Holding has introduced a new digital start-up named Raa Labs to speed up maritime digitalisationRaa Labs will enable maritime companies to harness data, drive digitalisation and adopt technology to take a leap into the future, improving efficiency and introducing new business models. “To fully embrace innovation, you need to understand the bigger picture to ensure that every action you take not only saves the day or the week…

22 Nov 2018

Kalmar Announces Center for Technological Innovation in Sweden

Pic: Kalmar

Kalmar, part of Cargotec, has officially inaugurated its new Innovation Centre in Ljungby, southern Sweden.Approximately 200 people will be based at the state of the art facility that has been designed to support new collaborative ways of working with modern architecture and cutting edge technology. The new site will act as a focal point for further strengthening Kalmar's digital offering, R&D capabilities, and prototype production and testing for the company's mobile equipment portfolio and related services.

21 Nov 2018

Cepsa Appoints Musabbeh Al Kaabi as Chairman

Musabbeh Al Kaabi. Photo: Cepsa

Spanish multinational oil and gas company Cepsa announced that Musabbeh Al Kaabi was named as Chairman in succession to Suhail Al Mazrouei at a meeting of the Board of Cepsa.This follows the appointment by Mubadala, as sole shareholder, of Saeed Al Mazrouei, Ahmed Saeed Al Calily and Bakheet Al Katheeri as members of the Board for a statutory period of four years.The three new board members, all senior executives of the Mubadala group, have distinguished backgrounds and broad experience and knowledge of the energy sector.Musabbeh Al Kaabi…

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

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