Malaysia’s offshore oilfield service company Bumi Armada Berhad is looking to build out its efforts for CO2 transport and storage by presenting its design for a floating LCO2 terminal. They were awarded an Approval in Principle from ABS as companies across a broad range are using this week’s Gastech conference in Singapore to position for the emerging new sectors including carbon transport.

The FCSIU would provide the next piece in the value chain being able to receive the CO2. It could be positioned at storage locations for the transfer, temporary storage, and injection of CO2 for sequestration.

In new research released earlier this week, Rystad Entergy forecast that near-term 55 vessels will be needed by 2030 along with 48 terminals to handle the emerging carbon transport and storage market.

Class society DNV has acquired its third cybersecurity services company in four years, expanding its capabilities in a growing business area. The newly-purchased technology firm CyberOwl specializes in cyber risk monitoring and threat management for ships, and its capabilities will complement DNV's existing services.  The industry's advances in digitalization and always-on connectivity have increased merchant ships' exposure to security incidents. According to DNV, a typical owner with a fleet of 30 ships can experience an average of 80 cyber incidents every year. In addition, the...

ABS has awarded Approval in Principle (AIP) for Bumi Armada’s pioneering design for a floating carbon storage and injection unit (FCSIU). The concept is a floating terminal capable of storing and injecting liquified carbon dioxide (LCO2) into depleted oil and gas fields or aquifers.

Bumi Armada’s FCSIU concept is a novel approach that incorporates the ability to accept LCO2 deliveries in an offshore setting, the flexibility to manage LCO2 at low or medium pressure, the provision of LCO2 buffer storage, and the preparation of LCO2 for sequestration beneath the seabed. The FCSIU is designed to receive LCO2 from various sources, such as electricity generation, manufacturing, and construction, all industries that are viewed as difficult to decarbonize.

Learn everything there is to know about desktop injection molding for plastics and which machine will best suit your needs.

The Bureau of Ocean Energy Management delayed plans for its October auction for three proposed offshore wind lease auctions off the coast of Oregon. The move came hours after Governor Tina Kotek released a letter sent to BOEM calling for a pause and saying she was disappointed that the federal government accelerated the process despite the concerns of many constituents in Oregon. The announcement cited “insufficient bidder interest at this time,” with BOEM reporting it had received bidding interest...

ABS highlights the challenges in liquid carbon transport and storage noting that while there currently are over 100 gas carriers capable of carrying CO2, there are only a few pure LCO2 carriers in the world. While liquified CO2 is seen as the most promising state both for transport and injection for storage, ABS highlights it is also very challenging. ABS explains that because CO2 is carried at around -54.4 Celsius and 5.-7 bar pressure in a liquid state, one of the challenges is that it can rapidly move from the liquid state to the solid state when there is a drop in pressure. This they said can lead to the formation of dry ice, causing technical and safety challenges.

Hurricane Helene made landfall in the Big Bend area of Florida on Thursday night, and it set new storm surge records in Tampa Bay and Port Manatee,  100 miles away to the southeast.  Helene arrived on shore at about 2300 hours local time, bringing winds of about 120 knots and a storm surge of up to 20 feet to the Big Bend region. The storm's speed over ground was more than 20 knots, taking its trajectory rapidly inland into the state...

The FCSIU is the next step from Bumi Armada in building a comprehensive approach for carbon transport and storage. In June, the company announced it is exploring launching a joint venture with Navigator Holdings, the larger owner/operator of handysize liquified gas carriers. The JV agreement, which they hope to conclude by the end of the fourth quarter, seeks to design and implement a value chain of shuttle tankers for carbon capture.

ABS notes that the AiP awarded is applicable to either a new build or a converted donor carrier, with smaller tanks to optimize the cargo space layout.

Another challenge for the transport is that LCO2 must be carried in cryogenic pressurized tanks. Current designs for the tanks are limited in size before the tanks become too heavy and too expensive, according to ABS.

Dockworkers in Montreal, which have been without a contract for nearly 10 months, Friday morning filed a notice of a 3-day strike at two container terminals. Significantly upstream on the St. Lawrence River, a strike at the Port of Montreal would normally be a Canadian issue except it will overlap with the likely start of the U.S. East Coast strike further pressuring supply chains. The local representing approximately 1,150 longshoremen working the Port of Montreal filed its 72-hour...

Floating storage and transfer terminals are emerging as one of the new opportunities for the shipping and offshore industries to serve the CO2 market. In a competing project, Malaysian state oil company Petroliam Nasional Berhad (Petronas), is working in collaboration with the Shanghai Merchant Ship Design & Research Institute (SDARI) and Japan’s Mitsui O.S.K. Lines on a similar floating storage unit. In June 2023, both DNV and ABS awarded AiPs for portions of this project, which includes both vessels for transport and the floating units for storage and inspection.

Focusing on the UK market, they plan to launch a company Bluestreak CO2 Joint Venture. The approach would serve CO2 emitters without pipeline infrastructure to transfer their captured carbon emissions. Bluestreak seeks to supply the transport component taking emissions from a broad range of emitters and transferring it to storage locations.