Page 12 - AsianOil Week 08

AsianOil
NEWS IN BRIEF
AsianOil
SOUTHEAST ASIA
PTTEP, NSTDA sign MoU on EECi development
PTT Exploration and Production Public Company Limited (PTTEP), in collaboration with National Science and Technology Development Agency (NSTDA), signed a Memorandum of Understanding (MoU)
to collaboratively support the development of the Eastern Economic Corridor of Innovation (EECi) including joint research and innovation that respond to Industry 4.0. The agreement was signed by Mr. Phongsthorn Thavisin, President and Chief Executive Officer of PTTEP and Dr. Narong Sirilertworakul, President of NSTDA.
Under the MoU to support the development of Eastern Economic Corridor of Innovation (EECi), PTTEP and NSTDA will jointly conduct research and development activities with respect to knowledge, personnel development and infrastructure to promote technological research and development in support of business in the future.
PTTEP, February 21, 2020
EAST ASIA
MOL, DSME partner on green FSRU technology
Mitsui O.S.K. Lines (MOL) and Daewoo Shipbuilding & Marine Engineering (DSME) have entered into an agreement to jointly develop a new technology to reduce environmental impact for Floating Storage and Regasification Unit (FSRU).
This new technology named “Cryo- Powered Regas” will enable to utilize the
LNG cold energy, which used to be disposed, as power generation energy by adopting the Organic Rankine Cycle in the regasification process of FSRU. “Cryo-Powered Regas” technology is expected to reduce fuel consumption and CO2 emission of FSRU significantly.
MOL and DSME plan to test the technology in a small-scale pilot facility within 2020 and provide the safe and environmental friendly technology to customers in future FSRU projects.
MOL values promoting environmental and emission-free businesses. This project
is one of the cases where MOL will take proactive measures to enhance environmental compatibility of its services.
In MOL’s management plan, “Rolling
Plan 2019”, MOL has positioned its Offshore Business as a field where MOL can leverage
its strengths. FSRUs are drawing attention as a solution for flexibility and mobility in both the LNG and Electricity supply chain. MOL will promote the FSRU business and its associated services, which meets customer needs for diversified energy procurement and SDGs achievement (i.e., environmental condition and stable development), as the leading company of FSRU business in Asia.
MOL, February 21, 2020
Samsung Heavy delivers
world’s first LNG dual-fuel
shuttle tanker
Samsung Heavy Industries has proved its clean technology to the global market by delivering the world’s first LNG dual-fuel shuttle tanker in the New Year, in which a strengthened regulation by the International Maritime Organisation (IMO) on shipping emissions takes effect.
On 21, SHI announced that it had delivered a 130,000-dwt LNG dual-fuel shuttle tanker to Teekey Offshore at its Geoje shipyard.
Aurora Spirit, the first-ever LNG dual-fuel shuttle tanker delivered to date, emits 85% less SOx, 98% less NOx, 98% less particulate matter compared to ships powered by conventional fuels while meeting the IMO target of reducing carbon (CO2) emissions.
This next-generation tanker, the cleanest ever built, is capable of running on volatile organic compounds (VOCs) vented into the atmosphere from tanks during loading and voyage by fully capturing them for reuse as an alternative fuel.
“There will be growing demand for ships emitting less pollutants as environmental regulations become more and more stringent. In this regard, we will do our utmost to keep the highest market share in this area based on our advanced clean technology,” said an official of SHI.
Meanwhile, Samsung has been active in other eco-friendly technologies. Last year
it developed Korea’s first marine battery system which reduces fuel consumption and operating costs before acquiring Approval in Principle by DNV GL for Aframax tankers powered by fuel cells.
SAMSUNG HEAVY INDUSTRIES, February 21, 2020
OCEANIA
Tawhaki-1 exploration well update
Beach Energy provides the following update on the Tawhaki-1 exploration well in the Great South Basin, offshore New Zealand.
On 19 February, OMV as operator of the Tawhaki-1 exploration well, advised that the well, being drilled by the COSL Prospector rig, had reached target depth of 2980 m MD.
Data obtained during the drilling phase indicated no hydrocarbons were present in the target reservoir.
Therefore, a decision has been taken to plug and abandon the well.
BEACH ENERGY, February 20, 2020
Successful drilling of Kyalla 117 horizontal well
Falcon Oil & Gas is pleased to announce that drilling operations, including casing and cementing, on the Kyalla 117 N2-1H ST2 well have been successfully completed.
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Week 08 26•February•2020