• 2020 February 19 10:52

    Golar Power forms partnership with BR Distribuidora

    Golar Power Limited (“Golar Power”) and Petrobras Distribuidora S.A. (“BR Distribuidora”) announce the formation of a Partnership for the development of an LNG distribution businesses in Brazil. The intention is to introduce liquefied natural gas (“LNG”) as an alternative to the fuels currently available to Brazil’s cargo and people transportation, industrial, thermoelectric generation, commercial and residential sectors.

    Both Golar Power and BR Distribuidora believe that LNG is an innovative and potentially disruptive solution for the transportation sector in Brazil that delivers environmental benefits as well as important economic gains for customers, society and for Brazil as a whole. Formation of this Partnership coincides with the opening up of Brazil’s natural gas sector and a thirst from society for cheaper, cleaner and more efficient alternatives to the fuels currently on offer.

    Partnering BR Distribuidora's infrastructure and experience in the fuel distribution sector with Golar Power’s LNG industry experience is expected to facilitate the rapid development and penetration of small-scale LNG solutions across the country.

    With more than four decades of experience in the fuel distribution sector, a national network of more than 7,600 fuel stations, 95 Bases of Supply, Operation and Distribution, recognition for the size and reach of its activities, for its presence in all regions of Brazil, for having a “Top of Mind” brand of great credibility and for its innovation and pioneering spirit as the first to commercialize ethanol and to sell compressed natural gas, BR Distribuidora can legitimately claim to be Brazil’s leading fuel distribution company. Consistent with this pioneering spirit and in line with an aspiration to be at the forefront of a changing energy market and being able to offer the energy that society needs to get around, BR Distribuidora was already evaluating opportunities to operate in the LNG distribution business in Brazil.

    Golar Power, a 50/50 Joint Venture between Golar LNG Limited (“Golar”) (NASDAQ: GLNG) and the North American investment fund Stonepeak Infrastructure Partners has an important presence in the LNG chain in Brazil. Having operated in the LNG sector for over four decades itself and in Brazil for over a decade, Golar has extensive LNG experience and is also recognized for its capacity for innovation in the industry - being a pioneer in the development, implementation and operation of floating LNG storage and regasification units "FSRUs", and more recently in floating liquefaction "FLNG". Golar Power has been working on further integrating the LNG value chain, including the development of a small-scale LNG distribution market, providing technical solutions focused on cost and risk reduction. Golar, together with its affiliates, is one of the largest owners and operators of intermediate “midstream” marine LNG infrastructure, with a fleet of 27 vessels, including LNG carriers, FSRUs and FLNGs. In Brazil, Golar Power and its partners are developing the country’s largest natural gas-fired thermoelectric plant, with an installed capacity of 1.55 GW, and an associated LNG regasification terminal in Sergipe. Golar Power was also the winner of the 2019 A-6 Electricity Auction, which contemplates the construction of a new 605MW LNG supplied thermoelectric plant in the state of Pará together with a dedicated LNG terminal with the potential to supply a region with the largest potential for energy growth in Brazil.

    The partnership between Golar Power and BR Distribuidora foresees the use of the entire network of gas stations and supply bases of BR Distribuidora as well as Golar Power's LNG terminals and ships to facilitate the comprehensive rollout of LNG supply to Brazil’s transportation and industrial sectors, particularly in regions not supplied by gas pipelines.

    BR Distribuidora, being a major user of road transport itself, also intends to replace its currently hired fleet of approximately 5,000 trucks with vehicles that use LNG. To this end, BR will seek to gradually replace its diesel truck fleet with LNG-powered trucks, with the ultimate goal that 20% of the total fleet will be replaced annually with LNG trucks.




2020 April 8

11:05 SAFEEN acquires its largest service vessel to date
11:02 BC Ferries adjusted service levels due to Covid-19 pandemic
10:39 ABB increases remote support for ships to help customers during the COVID-19 outbreak
10:38 Port of Gdansk actively supports fight against coronavirus
10:16 Tallink Grupp’s vessels Megastar, Galaxy and Baltic Princess suspend passenger transport to Finland
09:53 MABUX: Bunker market this morning, Apr 08
09:40 Bunker prices start going up at the port of Saint-Petersburg, Russia
09:19 Baltic Dry Index is down to 596 points
08:47 Golden Ocean announces appointment of Ulrik Uhrenfeldt Andersen as CEO

2020 April 7

18:38 RF Government makes big decision to quit transshipment of NOVATEK’s LNG in Norway
17:27 BashVolgotanker opens navigation with first tanker leaving Samara for Kavkaz
17:03 IADC moves its seminar and course to 2nd half of 2020
16:49 RF Navy’s oceanographic research vessel "Admiral Vladimirsky" arrived in the Durville Sea
16:05 ECSA and ETF launch joint project WESS
15:51 Bunker prices are flat at the Far East ports of Russia (graph)
15:43 Port of Rotterdam adds Boxinsider to Portbase
15:28 Dredging works at LNG terminal in Klaipeda Seaport completed ahead of schedule
15:04 VTT to assess bio- and waste-based oils suitable for power plants and ships
14:43 Nordic Investment Bank is sponsoring expansion of Klaipeda Seaport
14:20 AET and TOTAL agree time charter for two LNG dual-fuel VLCCs
13:52 Rosmorport changed tariffs on crew boats services rendered in seaports of Eysk and Temryuk
13:29 Krasnoye Sormovo shipyard introduced short-time operation till 30 April 2020
12:54 Rosmorport announces tender to reconstruct coastal facilities of Vanino-Kholmsk ferry service
12:26 Rosmorport announces tender to build and reconstruct port infrastructure in Nikolskoye settlement
11:47 Hydrographic vessel of RF Navy’s Pacific Fleet continues its long-distance cruise to Antarctica
11:09 Hurtigruten temporarily suspends operations
10:25 Brent Crude futures price is up 3% to $34.04, Light Sweet Crude – up 3.53% to $27
10:08 Stena Line to furlough 600 employees and make 150 redundant in UK and the Republic of Ireland due to COVID-19
09:53 Extraordinary security measures undertaken by PORT FLEET operating in Big Port St. Petersburg
09:34 Nuclear-powered container carrier Sevmorput unloaded cargo for Arctic LNG 2 project
09:16 Baltic Dry Index is down to 604 points
09:02 Austria's overseas traffic via Hamburg remains stable
08:46 MABUX: Bunker market this morning, Apr 07
08:19 LR chosen for LNG Canada export terminal project in Kitimat

2020 April 6

18:37 Okeanis Eco Tankers announces three year VLCC time charter
18:06 Bureau Veritas helps to manage risk thanks to digitalized inspection services
17:45 Turnover of DeloPorts terminals in January-March of 2020 reached 2.6 mln tonnes, up 44% YoY
17:39 The production of Tallink’s new car and passenger ferry MyStar has started at Rauma shipyard
17:12 Maersk Container Industry signs first Star Cool milestone contract with Evergreen
17:06 Lloyd’s Register completes six-day, three-person audit for marine and offshore component and equipment business Whittaker Engineering
16:30 8,800 cbm of material dredged in Korsakov seaport
16:08 MABUX Digest: Top events on global bunker market: Week 14
16:06 CMA CGM cancels PSS for cargo from East Africa to Asia
15:59 The Korean Register releases the latest updated version of KR-CON
14:50 DNV GL’s new MMC unlocks unprecedented machinery efficiencies and insights
13:57 Technical fleet of Moscow Canal to begin navigation season on April 24
13:33 Construction of Tallink Grupp’s newest eco-friendly LNG-powered shuttle ferry to begin at RMC shipyard in Rauma
12:46 World Ports Covid19 Information Portal established
12:22 IMO issues guidance for delays in newbuild vessel deliveries due to COVID-19
12:00 Nanjing Jinling Shipyard launches the second of G5GG ro-ro vessels for Grimaldi Group
11:18 Average wholesale prices for М-100 HFO fell to RUB 6,299 in RF spot market
11:00 Port of Singapore remains open amidst additional precautionary measures
10:21 Brent Crude futures price is down 1.61% to $33.56, Light Sweet Crude – down 3.18% to $27.43
10:09 NovaAlgoma Short Sea Carriers takes delivery of new mini-bulker
09:50 CIMC Raffles cuts first steel for largest Ice Class ro-ro
09:34 MABUX: Bunker market this morning, Apr 06
09:32 RF Government approves draft Energy Strategy until 2035
09:15 Baltic Dry Index is down to 616 points

2020 April 5

17:08 USCG oversees disembarkation of 250,000 from cruise ships
16:23 PGS announces capacity adjustments, to lay-up its 3D vessels as a response measure to COVID-19