Sembcorp Marine Ltd. will support Chevron Corp.’s efforts to reduce the carbon footprint of its LNG fleet operations under an agreement through their subsidiaries Sembcorp Marine Repairs & Upgrades Pte. Ltd. and Chevron Shipping Company LLC, according to a Feb. 26 press release.
Chevron’s decarbonization techniques involve reducing cargo boil-off and fuel consumption while increasing volumes of cargo delivered by installing a reliquefication system, hull air lubrication and a gas compressor.
Sembcorp Marine will provide Chevron’s LNG fleet with engineering, procurement, installation and commissioning services, to be finished by mid-2025.
“Working with Chevron on its LNG fleet upgrades is an immediate way to accelerate the lowering of the carbon footprint in the maritime industry to achieve the [International Maritime Organization’s] target to reduce emissions from international shipping by at least half by 2050, compared to the levels in 2008,” said Wong Weng Sun, Sembcorp Marine president and CEO.
Sembcorp Marine provides engineering solutions to global offshore, marine and energy industries.
CorEnergy Sees ‘High’ Interest in Marketed Pipeline Systems
2023-03-22 - CorEnergy Infrastructure Trust Inc. is marketing its Omega Pipeline Co. and MoGas Pipeline LLC systems as it looks to deleverage.
A&D Minute: Could Crude Transportation Safety Improve with Railway Mega-merger? [WATCH]
2023-03-22 - Also in this week's A&D Minute, Principal Solar plans on buying the century-old Minerva-Rockdale oil field and New Fortress Energy is divesting its interest in a floating LNG facility.
Energy A&D Transactions from the Week of March 22, 2023
2023-03-22 - Here’s a snapshot of recent energy deals, including Canadian Pacific Railway’s $27 billion acquisition of Kansas City Southern, the only single-line crude-by-rail railroad connecting Canada, the U.S. and Mexico.
Marketed: Discovery Oil LLC 18 Well Package
2023-03-21 - Discovery Oil LLC has retained EnergyNet for the sale of an 18 well package, non-operated WI and ORRI, in Richland County, Montana and Dunn, McKenzie, and Williams Counties, North Dakota.
Marketed: Jura Energy South Texas Operated Sale Package
2023-03-21 - Jura Energy has retained Energy Advisors Group for the sale of South Texas operated assets in Duval, Jackson, and Victoria Counties.