The US government made its new methane emissions goal public this month, stipulating that by 2025, emissions from the oil and gas sector are to be cut to 40 to 45 per cent of 2012 levels.
As New Year’s Eve fireworks were lighting up the night sky, operators working in the marine fuel industry were already facing up to the first major challenge of 2015.
As worldwide demand for Liquefied Natural Gas (LNG) rises, so does the number of specialist LNG carriers plying the ocean waves.
The last century has seen the world’s demand for water grow twice as fast as the population. With fresh water becoming increasingly scarce, governments are looking to new desalination technologies to meet future needs.
According to a recent report Liquefied Natural Gas (LNG) application is set to grow and become an important part of the global transport market, taking LNG bunker demand up to 77 million tones in 2035.
Oil is going to be vital for fuelling our cars and heating our homes for a long time to come. Fortunately, the UK Continental Shelf contains enough of it to fill 24 billion barrels.
Now with more pressure to take care of the environment and high bunker fuel costs, the shipping industry has to carefully monitor operating expenditure and fuel consumption. There have been longstanding methods to measure fuel consumption, such as tank measurements and noon reporting. But with high accuracy becoming increasingly important for ship owners and operators, the use of fuel flow meters for shipping operations is growing in popularity.
One of the North Sea’s largest untapped resources, an oil field east of Shetland named Bentley, could produce over 300 million barrels of oil up until the year 2050.
In January 2017, Singapore will become the first bunkering port in the world where the use of mass flow meters will be mandatory.
Great news for the oil and gas industry – TRICOR Coriolis Technology has released their new 3 inch Coriolis flow meter. Whilst primarly suited to oil and gas applications, such as measuring the midstream transportation of oil and gas, allocation metering in crude oil and natural gas production, and metering of refined products in downstream production, many other industries will find it useful for their applications too.