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Carnival backs LNG to further decarbonisation effort

  • : Emissions, Natural gas, Oil products
  • 22/07/15

Cruise line operator Carnival Corporation has said it will continue to focus on LNG to further its decarbonisation efforts.

In its latest sustainability report the firm said it was on track to meet its 20pc carbon intensity reduction target, relative to a 2019 baseline, by 2030. One of the main ways of meeting its target is through use of LNG as a marine fuel. This is becoming increasingly popular in the maritime sector, as a transition option to lower carbon emissions.

Carnival operates six LNG-fuelled ships. Two of these, the AIDAcosma and Costa Toscana, went into service this year.

Some of Carnival's Mediterranean-based vessels operate from the Port of Barcelona, where in 2021 four of its LNG-powered ships carried out 18 ship-to-ship bunkering operations, with a total 38,000m³ loaded. In the US, Carnival signed an agreement with Shell in 2017 for fuel supply to Carnival's North American LNG operation, and its sustainability report said this partnership is ongoing.

Carnival is looking into the possibility of bio-LNG and liquified bio-methane, with Shell and other suppliers. By 2025, Carnival expects to have 11 LNG-powered vessels, which would represent 20pc of its capacity.

It also said it was on track to reduce particulate-matter emissions such sulphur oxide (SOx) and nitrous oxide (NOx) by 50pc, relative to 2015 levels, by 2030. It has fitted 90pc of its fleet of 91 ships with exhaust scrubbers, which reduce SOx and NOx emissions. Scrubbers have been required if an operator chooses to burn high sulphur fuel oil (HSFO) since the International Maritime Organisation introduced a cap on sulphur emissions from 2020. Last year, just over 51pc of the fuel that Carnival burned was HSFO, 44.5pc was marine gasoil or diesel oil, and the remainder was LNG.

Carnival aspires to achieve carbon-neutral shipping operations by 2050.


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24/07/05

Beryl enters GOM, heading towards Texas: Update

Beryl enters GOM, heading towards Texas: Update

Updates hurricane watch and status of Texas ports and lightering zones. New York, 5 July (Argus) — Hurricane Beryl weakened to a tropical storm as it crossed the Yucatan Peninsula and entered the Gulf of Mexico on Friday afternoon, with a likely second landfall in Texas on Monday. Maximum sustained winds have dropped to near 65mph, the National Hurricane Center said in a 5pm ET advisory, but the tropical storm is forecast to strengthen to a hurricane again as it moves over the Gulf of Mexico, with forecasts pointing to a landfall late Sunday or early Monday from far northeastern Mexico to the eastern Texas coast. The National Hurricane Center issued a hurricane watch from the mouth of the Rio Grande River to Sargent, Texas, about 80 miles southwest of Houston. Heavy rainfall of 4-8 inches is expected by Sunday into next week. The US Coast Guard changed the status of the port of Corpus Christi, Texas — a key US oil export hub — to "X-ray" at 3pm ET Friday, meaning gale force winds are expected to arrive at the port within 48 hours. All commercial traffic and transfer operations can continue during X-ray, but the Coast Guard said ocean-going commercial vessels greater than 500 gross tons should make plans to depart the port. Corpus Christi is also home to three refineries totaling 800,000 b/d of capacity. Citgo said it is implementing its hurricane preparedness plan at its 165,000 b/d refinery there. The ports of Houston, Texas City, Galveston and Freeport were set to port condition Whiskey at 5:05pm ET Friday, meaning gale force winds are expected to arrive within 72 hours. The ports remain open to all commercial traffic. Ship-to-ship transfers off the Texas coast proceeded as normal on Friday but will be postponed off Corpus Christi beginning Sunday. The US National Weather Service (NWS) forecast winds up to 90mph and waves up to 32 ft at the Corpus Christi lightering area on Sunday and Monday before calmer conditions return Tuesday. Ship-to-ship transfers are expected to be postponed at the Galveston Offshore Lightering Area early next week due to the same conditions. Most of Mexico's Gulf coast ports were closed today and many offshore oil production operations. The impact to US Gulf oil and gas operations so far appears to be limited, with BP determining forecasts "indicate Hurricane Beryl no longer poses a significant threat" to its offshore platforms in the Gulf of Mexico. Shell had taken the precaution of shutting in production and evacuating all staff from its Perdido platform and its Whale development, which is scheduled to begin operations later this year. "We have safely paused some of our drilling operations, but there are currently no other impacts on our production across the Gulf of Mexico," the company said late on Thursday. Earlier this week, Beryl was a Category 5 storm, which made it the strongest on record for the month of July, as it left a trail of destruction in the Caribbean. By Stephen Cunningham, Tray Swanson and Nathan Risser Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Caribbean power faces long recovery from Beryl


24/07/05
24/07/05

Caribbean power faces long recovery from Beryl

Kingston, 5 July (Argus) — Power utilities in several eastern and central Caribbean countries have started repairing networks that were brought down this week by Hurricane Beryl. Beryl — the Atlantic's first hurricane this season — hit several islands with winds of up to 225 km (140 miles)/h, and also damaged roads, bridges and ports and telecommunications infrastructure. Many parts of Jamaica, Grenada and St Lucia remain without power, with one utility company forecasting "a long and difficult period of continuing darkness" in these countries. Jamaican power utility JPS said yesterday 60pc of its clients — just under a half a million households — were without electricity. "Our teams are doing damage assessment, and will complete the necessary repairs to restore power as quickly and as safely as possible," the company said. Beryl entered the Caribbean earlier in the week, leaving extensive damage in St Vincent and the Grenadines and in Dominica. St Vincent and the Grenadines will be without power for the next fortnight, chief executive of its power utility Vinlec Vaughn Lewis said. "We have significant damage … and we will be working to get power to facilities such as gas stations and supermarkets." Granada's ward island Cariacou is in an "Armageddon-like condition," prime minister Dickon Mitchell said. "The electricity and communication systems are wiped out." Winds from Beryl hit the southern coast of the Dominican Republic on 3 July, causing blackouts from a deficit of 900MW, according to distributor Edesur. Winds affected major natural gas-fired power plant AES Andres, reducing its regasification capacity for LNG and its fuel supplies to other natural gas plants, the government said. Beryl left several thousand people without power in the Cayman Islands yesterday as it left Jamaica and headed for Mexico. The Caribbean is likely to be hit by more strong hurricanes by the end of the season in November, a spokesman for Jamaica's weather office told Argus . "We have been promised a very active season with many and strong storms." The US federal weather agency NOAA forecast that there is an 85pc chance that this year's Atlantic hurricane season will be "above normal." The Atlantic season's first hurricane "sets an alarming precedent for what is expected to be a very active hurricane season," the World Meteorological Organization said. By Canute James Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Lithuanian refinery to halt bitumen output for a month


24/07/05
24/07/05

Lithuanian refinery to halt bitumen output for a month

London, 5 July (Argus) — Bitumen production at Polish firm Orlen's 190,000 b/d Mazeikiai refinery in Lithuania will be halted for around a month from 7 October because of maintenance, according to a source with knowledge of the refinery's operations. It is not clear what impact the work will have on other products. The maintenance had initially been expected to last for just two weeks and cut output of all oil products, including bitumen, by around 50pc. As a key supplier of bitumen to the Baltic and Nordic markets, Orlen is looking to transport around 20,000t of bitumen from its refinery at Plock in Poland via trucks to the Baltics to help make up for the lost supply during the maintenance, the source said, adding that the company is also looking into the possibility of importing bitumen to Klaipeda in Lithuania. Klaipeda is usually used to export bitumen produced at Mazeikiai. The loss of supply will be particularly felt in the Baltic markets as bitumen consumption there typically peaks in October. The Mazeikiai refinery has been an important supplier of bitumen in the region after sanctions against Russia stopped cross-border truck flows into the Baltics last year. Swedish specialty products producer Nynas is set to benefit from the maintenance as it operates a bitumen terminal at Muuga in Estonia. Bitumen production at Mazeikiai reached a 10-year high of 468,400t in 2023 . The maintenance work could prevent the refinery from hitting a new record this year. By Tom Woodlock and Fenella Rhodes Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

US adds 206,000 jobs in June, jobless rate ticks up


24/07/05
24/07/05

US adds 206,000 jobs in June, jobless rate ticks up

Houston, 5 July (Argus) — The US added a solid 206,000 jobs in June while job gains in the prior two months were revised downward and wage gains cooled. The job gains, which beat analyst estimates, followed downwardly revised 218,000 job gains in May and 108,000 gains in April, the Bureau of Labor Statistics (BLS) said today, for a combined downward revision of 111,000 for the prior two months. The US generated a monthly average of 220,000 jobs in the 12 months through May. Economists expected gains of about 190,000 in June, according to a survey by Trading Economics. The jobless rate ticked up to 4.1pc, the highest in more than two years, from 4pc. Still, the unemployment rate remains near five-decade lows. Construction added 27,000 jobs, while manufacturing lost 8,000 jobs. Gains also occurred in government, health care and social assistance. Average hourly earnings rose by 3.9pc from a year earlier, down from a 4.1pc annual gain in the prior month and the lowest in three years. Futures markets after the jobs report indicated a 71.8pc chance the Fed will cut its target rate by a quarter point from a 23-year high in September, up from 68.4pc odds on Wednesday. The Federal Reserve, after its last policy meeting in mid-June, had penciled in one likely quarter point rate cut was likely this year, paring that from a likely three cuts shown in March. Still, it also said it needs to see evidence that inflation is "sustainably" slowing towards its 2pc target before beginning to cut rates from 23-year highs. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Indonesia aims to launch 15 CCUS projects by 2030


24/07/05
24/07/05

Indonesia aims to launch 15 CCUS projects by 2030

Singapore, 5 July (Argus) — Indonesia aims to bring 15 potential carbon capture and storage (CCS) and carbon capture, utilisation and storage (CCUS) projects onstream between 2026-30. Indonesia has carbon storage potential in 20 basins, comprising 573bn t of saline aquifer storage and 4.8bn t of depleted oil and gas reservoirs across Sumatra, Java, Kalimantan, Sulawesi and Papua, according to the country's ministry of energy and mineral resources (ESDM). The government is pushing for the Sunda and Asri basins as well as the Bintuni basin to become CCS hubs, said the ESDM's director of upstream oil and gas business development, Ariana Soemanto. Indonesia in January issued a presidential regulation on the implementation of CCS activities, which sets out the framework for the country's CCS development. CCS development in Indonesia can be undertaken via two pathways under the regulation, said Ariana. The first is the implementation of co-operation contracts in existing oil and gas areas by upstream contractors. The second pathway allows parties to establish a separate CCS business through target injection zone exploration permits and carbon storage operation permits. The regulation also allows CCS operators to set aside 30pc of the storage capacity from international sources. Singapore was the first country to sign an agreement with Indonesia after the regulation was issued, to co-operate on cross-border CCS. Countries such as Malaysia and Indonesia have the storage space to sequester captured CO2, but not the funds to develop the infrastructure. Direct government investment is necessary to develop and install CCS infrastructure such as pipelines, and carbon pricing could be a solution . Indonesia also launched its carbon exchange in September last year. By Prethika Nair Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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