NNPC, Stena Bulk, and Caverton Marine have joined forces to establish a joint venture aimed at improving Nigeria’s maritime transport capabilities for oil and gas products. This strategic collaboration will enhance the country’s position in the global energy market by creating a world-class tanker operation and upgrading its logistics and transportation infrastructure.
BP is shifting its focus back to traditional energy sources after a failed attempt at low-carbon power. The move, prompted by Russia’s invasion of Ukraine and challenges in renewables projects, aims to improve performance and increase returns. Rivals Shell and Equinor are also scaling back energy transition plans to enhance performance and sustain profits.
A project led by OGCI, GCMD, and Stena Bulk assessed the feasibility of onboard carbon capture in shipping. REMARCCABLE found retrofitting OCCS on the Stena Impero could reduce CO2 emissions by 20% annually with minimal fuel penalty. Initial costs are high, but further research could make OCCS more viable. Collaboration is key to overcome challenges.
Shipping companies are navigating the complexities of the FuelEU Maritime regime to reduce compliance costs and penalties for failing to meet carbon intensity reduction targets. OceanScore is providing estimates on compliance surpluses available through pooling to assess costs and potential earnings. Companies must consider biofuel burning and pooling as cost-effective alternatives to penalty payments as regulations become stricter.
ABS has granted approval in principle (AIP) to Jiangnan Shipyard for two new developments. The first is an ultra large ethane carrier with the BrilliancE® II Type-B cargo containment system, enhancing performance and efficiency. The second AIP was for Jiangnan’s PnFCOMBi insulation system, suitable for low-temperature containment systems. ABS and Jiangnan aim to meet the growing demand for ethane carriers with innovative solutions.
Rolls-Royce has launched the world’s first LNG tug, JMS Sunshine, in Singapore’s port. Powered by mtu gas engines, the hybrid system marks a significant milestone in the Port of Singapore’s commitment to environmental sustainability. Seatrium Limited designed and operates the 29-meter tug, equipped with two mtu Series 4000M55RN gas engines. The engines offer reliability, ease of operation, and excellent service support, meeting the demanding requirements of harbour tug operations.
Ocean Infinity, a leader in robotic vessel technology, has signed a Global Framework Agreement with Shell for seabed geomatics services. The agreement spans 5 years and includes the use of lean-crewed vessels for efficient operations. This collaboration aims to transform the offshore energy sector with innovative and sustainable solutions.
