Fuels

Port of Amsterdam develops tool for safe LNG bunkering

The Port of Amsterdam developed a tool to make LNG bunkering safe and sustainable. This tool ensures that the responsibilities of bunker facilities operators (BFOs) regarding safe and sustainable business operations are clear and that there is a careful examination of how the LNG bunker operations are set up.

This tool has been developed in cooperation with international players in the shipping sector, the International Association of Ports and Harbors – IAPH, Titan LNG, Bureau Veritas, oil and...

https://safety4sea.com/port-of-amsterdam-develops-tool-for-safe-lng-bunkering/

LNG shipped from Yamal LNG exceeds 5 million tons

Yamal LNG announced that the 68th cargo offloaded from the Yamal LNG project onto the Arc7 ice-class tanker ‘Christophe de Margerie’, exceeding 5 million tons of LNG produced since the start of the first LNG train in December 2017.

The first two liquefaction trains with total annual production capacity of 11 million tons have been operating within their nameplate design parameters.

As commissioning of the third LNG train continues, the first firing of a compressor gas turbine was achieved...

https://safety4sea.com/lng-shipped-from-yamal-lng-exceeds-5-million-tons/

Oil prices could increase due to Iranian sanctions

According to JPMorgan, oil prices could increase this winter, due to the US sanctions on Iran. Namely, JPMorgan expects the price of a barrel of oil to increase from $60 to $85 a barrel in the next six months, while a ‘pike’ to $90 is also on the table.

When the US withdrew from the Iran nuclear deal, the sanctions regarded crude oil exports, as well. These sanctions will become effective on November 4.

Oil prices could increase from November, as JPMorgan expects the price of a barrel of oil to...

https://safety4sea.com/oil-prices-could-increase-due-to-iranian-sanctions/

GSF: Maersk should reconsider new fuel surcharge

The Global Shippers Forum (GSF) is suspicious regarding the announcement by Maersk’s new fuel surcharge arrangements from 1 January 2019 to recover presumed costs from the introduction of low-sulphur marine fuel from 1 January 2020.

The BAF replaces Maersk Line’s current Standard Bunker Adjustment Factor (SBF) surcharge and includes two key elements:

  • The fuel price which is calculated as the average fuel price in key bunkering ports around the world;
  • A trade factor that reflects the average fuel...

https://safety4sea.com/gsf-maersk-should-reconsider-new-fuel-surcharge/

First cargo from Yamal LNG shipped to Brazil

Russian gas producer Novatek announced that its wholly owned subsidiary, Novatek Gas and Power Asia Pte. Ltd., has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project. The cargo was delivered to the Bahia Regasification Terminal owned by Petrobras.

Our LNG marketing strategy aims to diversify our supply geography and customer base. This shipment represents our first LNG cargo produced by our own production to the Latin American market, and confirms...

https://safety4sea.com/first-cargo-from-yamal-lng-shipped-to-brazil/

OPEC: Oil to remain dominant fuel until 2040

OPEC released its 2018 World Oil Outlook (WOO). This year’s report highlights the industry’s various linkages, and considers developments in areas such as the global economy, energy demand, oil supply and demand.

WOO examines the medium and long-term prospects to 2040 for the global oil industry, and analyzes various sensitivities that can impact the petroleum industry in the years ahead.

This year’s publication emphasizes the industry’s various linkages, and considers developments in areas such...

https://safety4sea.com/opec-oil-to-remain-dominant-fuel-until-2040/

Crude oil the largest US petroleum export in first half of 2018

Crude oil surpassed hydrocarbon gas liquids (HGL), becoming the largest US petroleum export with 1.8 million barrels per day (b/d) of exports in the first half of 2018, according to EIA. US crude oil exports increased by 787,000 b/d, or almost 80%, from the first half of 2017 to the first half of 2018 and set a new monthly record of 2.2 million b/d in June.

Highlights

  • US exported 7.3 million barrels per day (b/d) of crude oil and petroleum products in the first half of 2018, the largest amount...

https://safety4sea.com/crude-oil-the-largest-us-petroleum-export-in-first-half-of-2018/

Implementation timeline for SEEMP Part II

Liberia Maritime Authority published a Marine Operations Note, reminding all shipowners and operators that from 2019, each ship of 5,000 gross tonnage and above should collect fuel consumption data for 2019 and each subsequent calendar year or portion thereof.

Operators should describe in the ships Ship Energy Efficiency Management (SEEMP) Plan Part II the methodology that will be used for collecting and reporting the vessel’s fuel data. This must be verified as compliant on or before 31...

https://safety4sea.com/implementation-timeline-for-seemp-part-ii/

OPEC: US oil output to increase, but demand for OPEC crude will reduce

OPEC expects a steady rise in US oil output, as it will gain momentum in the next five years. OPEC also expects the demand for its crude to reduce, in spite of an increasing appetite for energy driven by global economic expansion.

The reduction in demand for OPEC crude is due to a strong non-OPEC supply in the 2017–2023 period, OPEC notes. The US is still the most important source of medium-term supply growth, contributing to two-thirds of new supply.

In addition, according to Reuters, the US has...

https://safety4sea.com/opec-us-oil-output-to-increase-but-demand-for-opec-crude-will-reduce/

Full development of LNG as a fuel to be seen between 2024-2028

In an exclusive interview with SAFETY4SEA during Gastech 2018, Mr. Alexander Prokopakis, CEO at probunkers, highlighted that ‘LNG is the future’ and revealed their ambitious action plan with the aim to become a ‘premium provider’ of LNG. Probunkers is a new LNG bunkering project which made its debut at Posidonia earlier this year. As explained, the project involves four stages (Planning, Financing, Implementation, Operations and Sales) and probunkers will have a three-tier role, as Physical...

https://safety4sea.com/cm-full-development-of-lng-as-a-fuel-to-be-seen-between-2024-2028/

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