Nigerian Pirates Release Kidnapped S. Korean Fishermen
By The Maritime Executive
Intercargo: Crew Change Dilemma is "Reaching Farcical Proportions"
Equal Opportunity for All: The Legacy of Truman's Desegregation Order
By Navy Live
New Technology Needed to Commercialize Floating Offshore Wind
By The Conversation
Norway Invests $2.4B in CO2 Capture and Subsea Storage Project
The Norcem Brevik cement plant is one of two facilities that will receive CCS equipment (Eldart / CC BY 3.0)
By The Maritime Executive 07-20-2020 06:20:33
Norway has received permission from the European Free Trade Association (EFTA) to proceed with a $2.4 billion investment in two large-scale carbon capture facilities, along with the infrastructure needed to transport and store the CO2 in subsea reservoirs. It is the largest single state aid award ever approved by the EFTA Surveillance Authority (ESA).
The project's partners will cover an additional $500 million in costs. Total, Equinor, Shell, steel mill operator ArcelorMittal and Heidelberg Cement will all play a role in the plan.
The giant CCS project will capture carbon from a cement plant in Brevik and a waste-to-energy powerplant in the Oslo area. Both facilities will manage the construction of their own carbon capture equipment. The CO2 will be compressed, liquified and transported by ship to a marine terminal on Norway's west coast. It will then be piped under the sea to an offshore storage site, where it will be injected into a geological formation for permanent encapsulation. The Northern Lights carbon storage project - a joint venture between Shell, Total and Equinor - will handle the transportation and injection.
In March, Shell, Total and Equinor completed a test well for CO2 storage at a site south of the Troll field in the North Sea. Coring found a sealing shale layer and the presence of good quality sandstone in the reservoir, Equinor said. "The preliminary results from the well so far have been positive. The drilling results will now be further analysed before concluding," said Geir Tungesvik, Equinor's senior vice president for project development. "This is an important milestone in realizing the possibility of CO2 storage on the Norwegian continental shelf."
In May, based on promising results from the test well, the partners reached a positive final investment decision on Northern Lights.
"The Northern Lights project could become the first step to develop a value chain for carbon capture and storage, which is vital to reach the global climate goals of the Paris Agreement. Development of CCS projects will also represent new activities and industrial opportunities for Norwegian and European industries," said?Anders Opedal, EVP for technology, projects and drilling at Equinor.
Hawaii Braces for Hurricane Douglas
Storm Hanna Prompts Port Closures at Brownsville, Corpus Christi
Naval Dome: Cyberattacks on OT Systems on the Rise
Long-Range Electric Ferry Completes First Year in Operation
EDITORIALS TOP STORIES
75 Years Ago: The Last Nazi U-Boat Surrenders
Op-Ed: Selective Retreat from Trade with China Makes Sense for America
HRAS: Hijacked Oil Tanker's Crew "Used as Pawns"
Five South Korean fishermen who were kidnapped from the purse seiner Panofi Frontier in the Gulf of Guinea have been released, according to South Korea's ministry of foreign affairs. The abductees were recovered from their captors on Friday at a location in Nigeria. They are reportedly healthy and are in the care of the Korean embassy. When they are ready, they have been provided with the option to travel to Ghana, where their vessel is homeported. the ministry said. One Ghanaian abductee...
As efforts to resume crew change proceed in fits and starts in ports around the world, bulker trade association Intercargo raised a warning Monday that the situation is becoming untenable for seafarers and shipowners. According to the association, the main obstacles for crew change are 1) finding commercial air travel between the crew source countries and port states; and 2) a lack of commitment from port states' health and immigration authorities to facilitate seafarer travel. "The situation is reaching farcical...
By Navy Live 07-27-2020 01:58:56
[MC1 Mark D. Faram, Chief of Naval Personnel Public Affairs] With two strokes of his pen, President Harry S. Truman ended racial segregation in the U.S. government on July 26, 1948, changing the landscape across the nation. By signing those two documents 72 years ago, Truman bypassed Congress - which had blocked his efforts to bring about racial equity in the government - and used his executive powers to make segregation illegal across the federal workforce. "This is an anniversary...
By The Conversation 07-26-2020 11:13:25
[By Susan Gourvenec] Since 2010, wind energy has seen sustained growth worldwide, with the amount of energy generated by offshore wind increasing by nearly 30 percent each year. Countries around the world need to ramp up renewable energy supply quickly to meet growing demand and rapidly reduce emissions. Despite this urgency, offshore wind currently provides less than one percent of the world's electricity supply. Many of the prime shallow-water locations for building wind farms are being developed. But the potential...
Piracy News
Shipbuilding News
Cruise Ship News
Ports News
Salvage News
© Copyright 2021 The Maritime Executive, LLC. All rights reserved.