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IEA: key oil trends 2018

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Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% in 2018 compared to 2017, reaching a record total monthly production of over 100 million tons at the beginning of the year and remaining above this for almost all of 2018, according to the IEA.

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Eni report: global oil reserves and oil production up in 2018 due to US

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Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The second volume, the World Gas and Renewables Review , focused on natural gas and renewables sources (solar, wind and biofuels), will be published in autumn.

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UK Government approves Statoil’s US$7B development of North Sea Mariner heavy oil field

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The UK government’s Department of Energy and Climate Change (DECC) approved the field development plan put forward by Statoil and its co-venturers for the Mariner heavy oil field. Statoil expects to start production from Mariner in 2017, and the field is expected to produce for 30 years. The oil is heavy with API gravities of 14.2

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ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

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A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Click to enlarge.

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Renewable wood-based biofuels for shipping

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The ReShip project, led by the Paper and Fibre Research Institute (PFI) with R&D partners Aston University (UK) and NTNU (Norway), is developing technology for producing a cost-competitive pyrolysis-oil-based multi-component fuel which meets the performance requirements of marine diesel engines. ReShip concept. Click to enlarge.

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Rolls-Royce wins $6.5M contract to supply LNG propulsion package for fish food carrier; Bergen gas engine

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The contract is to supply a Liquefied Natural Gas (LNG) propulsion package for a cargo carrier designed by NSK Ship Design for Norwegian shipowner NSK Shipping. Bergen Gas Engines from Rolls-Royce are the only pure gas engines on the market using a spark plug ignition. Rolls-Royce has signed a US$6.5-million

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Statoil to build the world’s first floating wind farm: Hywind Scotland

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The decision triggers investments of around NOK 2 billion (US$238 million), realizing a 60-70% cost reduction per MW from the Hywind demo project in Norway. Production start is expected in late 2017. The concept has been verified through six years of successful operation of a prototype installed off the island of Karmøy in Norway.

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