BP Doubles Down On Hydrogen As Fuel Of The Future

Credits: Viktor Kiryanov/ Unsplash
  • BP has overhauled its structure to create a dedicated hydrogen division led by Felipe Arbelaez which includes 150 staff.
  • BP’s project at its Whiting refinery will initially replace around 200,000 tonnes of grey hydrogen used by the refinery every year with blue hydrogen.
  • BP acquired in June a 40.5% stake in a 26 gigawatt renewables project in Australia that could produce green hydrogen.

BP chief executive Bernard Looney is betting on hydrogen to power future...

https://mfame.guru/bp-doubles-down-on-hydrogen-as-fuel-of-the-future/

Gasum Continues Negotiations For Natural Gas supply Contract

Credits: American Public Power Association/ Unsplash
  • Gazprom Export presented Gasum with a demand to pay the payments in rubles instead of euros.
  • Gasum refused this demand and also had significant disagreement regarding other demands in the agreement.
  • For the time being Russian natural gas deliveries will not continue in accordance with gasum’s supply contract.

Gasum has a long-term natural gas supply contract with Russian Gazprom Export. Last April, Gazprom Export presented Gasum with a demand...

https://mfame.guru/gasum-continues-negotiations-regarding-natural-gas-supply-contract/

Is Neglecting The Fossil Fuels The Right Energy Transition?

  • Increase in prices have pushed forth an energy-saving behaviour among the power consumers.
  • DNV is looking forward to catalyzing the green shipping corridors and hydrogen ecosystems as an independent provider of technical support.
  • Deglobalisation Has no effect on the ongoing energy transition happening currently.

The current turbulence in energy markets is not insignificant. However, Europe will accelerate its transition to a renewable-dominated power system, but higher energy prices may deter...

https://mfame.guru/is-neglecting-the-fossil-fuels-the-right-energy-transition/

NYK Focuses On Alternative Marine Fuels At SIBCON 2022

  • SIBCON is one of the world’s largest conferences on marine fuel supply hosted by the Maritime and Port Authority of Singapore.
  • NYK has launched its new “NYK GREEN EARTH” brand to emphasize NYK’s ESG efforts to create new value initiatives for low carbon and decarbonization.

NYK Participates in Discussions on Alternative Marine Fuels at International Conference, reports NYK.

SIBCON 2022

Singapore International Bunkering Conference & Exhibition (SIBCON 2022) was held from October 4 to 7. NYK...

https://mfame.guru/nyk-focuses-on-alternative-marine-fuels-in-sibcon-2022/

$100/barrel Landmark Oil Price Possible?

  • Oil prices lurching back to $100/barrel is now a distinct possibility, says analysts.
  • Prices are up so far this year due to vaccines roll out and demand in major economies, particularly the U.S. and China.
  • Last year, oil demand saw a historic drop of 8.8 million barrels/day.
  • Brent and WTI are now up between 40% and 45% this year.
  • Consumers have other options as prices for electric vehicles come down, and oil prices go up.
  • Forecasts of $100 barrel oil rest on assumptions of strained supply and...

https://mfame.guru/100-barrel-landmark-oil-price-possible/

DHL Adds Sustainable Marine Fuel Option

  • DHL Global Forwarding is offering to reduce its main haul carbon emissions with the use of Sustainable Marine Fuels for ocean freight.
  • Customers can now decarbonize their complete ocean freight supply chains.
  • The new service offers a fuel-switch on behalf of the customer.

The use of sustainable marine fuels is an important lever for DHL Global Forwarding to reduce the environmental footprint of ocean freight, says a press release published on their website.

Sustainable Marine Fuel (SMF)...

https://mfame.guru/dhl-adds-sustainable-marine-fuel-option/

Sinopec’s First ‘Offshore Mobile Bunkering’ Station Sets Sail

Sinopec’s first “offshore mobile bunkering station”, bunkering vessel “Run Ji 1”, sets sails, reports Xinde Marine News.

Mobile bunkering station

Sinopec’s first “offshore mobile bunkering station”, bunkering vessel “Run Ji 1”, was put into operation on June 11.

It will provide low-sulfur heavy clean marine bunker oil and integrated ship services to international sailing ships.

Sinopec Fuel Oil supplies more than 10,000 ocean-going ships every year, and has the ability to supply all kinds of...

https://mfame.guru/sinopecs-first-offshore-mobile-bunkering-station-sets-sail/

Crude Exports To The US Sets New Record

Last month saw a record 5.75m barrels of Russian crude discharged in the US, with New York-headquartered commodities trackers ClipperData projecting a further record this month of 7.5m barrels, reports Splash 247.

Delivery details

The first delivery of light sour Varandey to the US Gulf Coast occurred back in February 2020 – after previously only having discharged at the Trainer refinery on the Atlantic Coast – and it has become a regular fixture with five consecutive months of deliveries to...

https://mfame.guru/crude-exports-to-the-us-sets-new-record/

Spin Test Effective in Identifying Stable VLSFOs & Bunker Fuels, Infineum

According to a recent article published in ManifoldTimes, selecting the most appropriate combination of tests to evaluate stability and compatibility over time is increasingly important in order to offer the most complete protection for ship operators writes Infineum Marine Fuel Additive Business Development Manager.

Stability issues being reported

The stability issues being reported regarding the use of very low sulphur marine fuels are often related to the fuels’ shelf life, which makes it...

Oil Prices Fall Amid Rising COVID-19 Infections in Asia

Oil prices fell on renewed demand concerns as coronavirus cases in Asia rise and on fears of rising inflation might lead the US Federal Reserve to raise interest rates, which could limit economic growth, reports ArabNews.

Oil price fall

Brent crude futures fell 73 cents, or 1.1 percent, to $67.98 a barrel at 0452 GMT. It settled 1.1 percent lower on Tuesday after briefly climbing above $70 earlier in the session.

US West Texas Intermediate (WTI) crude futures dropped 77 cents, or 1.2 percent, to...

https://mfame.guru/oil-prices-fall-amid-rising-covid-19-infections-in-asia/

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