We are seeing the start of a global shift away from oil, petrol and diesel towards less carbon intensive energy sources.
The result is that oil refinery profit margins are under pressure. This will only increase with time, and especially for older, high cost, less efficient refineries. For oil producers, future market stability is difficult to predict.
Opportunities exists because:
Physical gas products supplied to meet the needs of emerging markets. This will fall into three key areas:
Initially supply local people and businesses with a gas fuel supply. In many areas of the world there is a reliance on coal and firewood as a fuel in households and businesses, and this is something OFS is looking to help people move away from. Increased access to a clean and modern cooking and heating energy helps bring it into the mainstream with further positive developments, such as those impacting health, gender, climate, and environment; not to mention the corresponding benefits a regular supply of fuel has on the commercial and industrial fortunes of a country, further feeding positive impacts on health, environment, climate, and livelihoods.
In this respect, OFS will supplement supporting local people and businesses by stepping in to ensure fuel supplies to larger industries are met, including power plant projects. This allows a total solution to be provided to countries that either have no, or an insufficient, indigenous fuel source. To facilitate, OFS will build, own, and operate bulk gas fuel storage and depot facilities close to ports that will allow the seamless unloading and storage of fuel, with comparative ease.
Finally, as a result of the International Maritime Organisation (IMO) agreement to restrict the use of diesel and heavy fuel oil in ships on 1 January 2020 there will is a growing demand for the use of Liquid Natural Gas (LNG) and similar fuels, as an alternative fuel for shipping. For this requirement OFS will seek to construct micro-scale LNG fuelling points, at small to medium sized seaports. The package will include the loading system, storage tanks and ship filling points, all to be located on the dock side so that multiple vessels can be refuelled at the same time. OFS will also supply LNG from its relationships in the international wholesale gas markets.
Whilst a widely prohibited activity, flaring of gas still continues and represents one of the biggest environmental issues and an activity not adequately tackled by the broader oil and gas industry for all its years of profits.
Much of the business undertakings by OFS can be simplified to putting a gas in a container and taking it to those that cannot otherwise access it, whether at a domestic level, or a large scale import solution for an entire country. We fail to see a distinction on the flaring of gas; we want to trap that gas, split it into useable components, and find customers for those components to help protect the environment. To clean up where others have failed to even try – despite the size of their pockets.
Copyright © 2020 Oceanic Fuel Solutions. - All rights reserved.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |