Page 14 - AsianOil Week 06

AsianOil
NEWS IN BRIEF
AsianOil
EAST ASIA
KHI delivers LPG carrier
Kawasaki Heavy Industries delivered on February 9 the Crystal Angel (Kawasaki hull No. 1741), an 82,200 m3 capacity liquefied petroleum gas (LPG) carrier, for Kumiai Navigation. This is the 61th LPG carrier and the 12th vessel of the same type to be built by the company.
This vessel adopts Kawasaki’s uniquely developed bow shape called SEA-Arrow, which significantly improves propulsion performance by minimizing bow wave resistance.
The main engine powering the vessel is
an energy-efficient, electronically-controlled, ultra-long-stroke, two-stroke low-speed diesel engine. In addition, the Kawasaki rudder bulb system with fins (RBS-F) and the semi-duct system with contra fins (SDS-F) contribute to reducing fuel consumption.
In order to satisfy new restrictions on SOx emissions which is implemented by
the International Maritime Organization (IMO) in this year, the vessel includes a set
of SOx scrubber at the exhaust gas outlets of the main engine and the power generation engine. With this system, general fuel oil can be used continuously after the regulations are tightened, without the need of switching to low sulfur fuel oil.
Four independent cargo tanks are installed in the cargo holds for carrying liquefied petroleum gas. The tanks are designed to provide optimal thermal insulation and absorb low-temperature contraction.
The cargo tanks are made with special cryogenic steel for loading LPG with a minimum temperature of –46°C. The tanks are wrapped in urethane foam for thermal insulation.
The vessel is designed to be able to navigate the newly expanded Panama Canal, which was completed in June 2016.
KAWASAKI HEAVY INDUSTRIES, February 10, 2020
Four new LNG carriers on contract with Shell
In December 2019, Shell signed separate agreements for four LNG carriers with affiliates of Knutsen LNG, two LNG carriers with Korea Line Corporation and two LNG Carriers with Global Meridian Holdings Limited.
These state-of-the-art 174,000 cbm LNG carriers will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries. They will all be equipped with
efficient dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power. They will be integrated into Shell’s time-chartered trading fleet.
KNUTSEN, February 7, 2020
Two new Shuttle Tanker
with LNG propulsion for a
long-termtime-charterwith
ENI
Knutsen NYK Offshore Tankers market leading independent owner and operator of shuttle tankers announced today that it has been awarded a contract to build two LNG fueled Shuttle Tanker. The two new 124,000 DWT LNG fueled shuttle tankers will be
built by Daewoo Shipbuilding & Marine Engineering Co. Ltd shipyard in Korea
with delivery mid-2022 and the vessels will operate in North Sea under time-charter contract for a maximum 10 years period. These vessels will be able to reduce emissions of CO2 equivalents significantly compared
to conventional oil-fueled shuttle tankers, through using LNG as the primary fuel and further utilized the energy recovered from volatile organic compounds. There will also be installed a battery package to save energy during DP operation. “We are pleased to announce that KNOT and ENI extend their partnership in the North Sea with two new LNG shuttle tankers. ENI, through their ownership in Vår Energi has many interests in North Sea gas and oil fields and is thus one of the major players in the area. This contract is the third and fourth long-term time-charter shuttle-tanker contracts between ENI and KNOT Group. We are pleased that ENI has recognized KNOT capabilities and expertise in the shuttle tanker operation with the awarding of this new contracts”
KNUTSEN, February 7, 2020
OCEANIA
Oil Search updates on PNG drilling programme
The objective of the Gobe Footwall 1 well is to test a footwall structure west of the Gobe Main field.
During January, the Gobe Footwall 1 ST1 well continued to drill ahead, reaching a total depth 4,370 metres. The well penetrated the target Toro and Iagifu reservoirs, as planned. Based on logs, pressure readings and samples
acquired, both reservoirs are water bearing, with minor oil shows observed.
The forward plan is to plug and abandon the well.
Oil Search operates the well with a 65.5% stake, while Merlin Petroleum owns 20% and Ampolex holds 14.5%.
OIL SEARCH, February 6, 2020
Woodside takes hit on Kitimatproject
Woodside’s financial statements for the full-year ended 31 December 2019 will recognise a non-cash impairment of $720 million (after tax) in relation to the Kitimat assets in Western Canada. The 2019 financial statements will be released on 13 February 2020.
Kitimat remains a world-class project and Woodside will continue to evaluate actively future development opportunities, including optimisation of gas supply into processing facilities. However, the impairment reflects increased uncertainty, particularly in the timing of the development of the upstream Liard resource, following sustained depressed gas market conditions in Western Canada. WOODSIDE, February 11, 2020
Contact secures gas supply
Contact Energy has signed an agreement with gas producer OMV New Zealand to secure
37 petajoules (PJ) of gas to be delivered from 2021 to 2025.
OMV have also notified Contact that it will supply at least 6.3PJ of Contact’s 10PJ entitlement from Maui in 2021.
In addition, Contact has also entered into an additional new 3.6PJ gas agreement with an undisclosed third party for delivery in 2020.
Chief Generation and Development Officer James Kilty said Contact was pleased to secure this supply. “Today’s agreements secure our fuel position in line with firming requirements for the medium term.”
He said the agreements supported the ongoing transition to a lower-emissions
future for New Zealand. “We’re continuing to make progress in expanding our geothermal generation at Tauhara, which is New Zealand’s pre-eminent renewable development in that it does not rely on firming fuel.
“There is an ongoing need for gas generation to firm intermittent sources of renewable generation such as wind and hydro generation. We need to ensure there are affordable and stable alternatives when weather-dependent generation options are unavailable.”
CONTACT ENERGY, February 10, 2020
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Week 06 12•February•2020