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Samsung Heavy Industries and DNV GL sign partnership for new LNG carrier designs

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Ltd (SHI) signed a joint development project (JDP) agreement focused on the development of new designs for LNG carriers. The JDP aims to develop two 30K (30,000 m 3 ) LNG carrier designs, one with membrane-type LNG tanks and one with type-C (pressurized) LNG tanks. DNV GL and Samsung Heavy Industries Co., —Mun-Keun Ha.

Design 170
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BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

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BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Since then, BP has worked with co-owners and contractors to simplify and standardize the platform’s design, reducing the overall project cost by about 60%. In 2013, BP (operator, with 60.5%

Mexico 150
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US offshore oil and gas leasing plan for 2017-2022 focuses on Gulf of Mexico, excludes Arctic

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Given the unique and challenging Arctic environment and industry’s declining interest in the area, forgoing lease sales in the Arctic is the right path forward. Cook Inlet is a mature basin with a long history of oil and gas development in state waters, where existing infrastructure could support new activity. —Secretary Jewell.

Mexico 150
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MITEI releases report on Electrification of the Transportation System

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Electrification will also reduce oil dependence, providing foreign policy benefits and the potential to reduce real oil prices and oil price volatility. pollution, noise) to allow less energy-intensive building and community design. Vehicle technologies. —Deutch and Moniz.

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CFR Report Says Energy Security and Climate Change Concerns With Oil Sands Can be Reconciled

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Rubenstein senior fellow for energy and the environment and the report’s author. Levi argues that it is important to integrate US and Canadian cap-and-trade systems, while warning against the risks of a Canada-only cap-and-trade scheme and against an ill-designed US low-carbon fuel standard. —Michael A. Levi, CFR’s David M.

Oil-Sands 150
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EPA announces 2011 Presidential Green Chemistry Challenge Awards; green chemistry market opportunity projected to be $98.5B by 2020, about 2% of total market

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Furthermore, the Bio-BDO fermentation process operates near ambient pressure and temperature, thus providing a safer working environment. Genomatica expects Bio-BDO to be competitive at oil prices of $45 per barrel or at natural gas prices of $3.50 per million Btu.

Green 236
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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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KPMG International is hosting the event, in cooperation with the UN Global Compact (UNGC), the World Business Council for Sustainable Development (WBCSD) and the United Nations Environment Programme (UNEP).