BP Shipping has a vital role to play in this. As well as moving BPs oil and gas across the worlds oceans, we support numerous Upstream and Downstream projects with our expertise, knowledge and skills.
We are required more and more to support our partners across BP, turning new opportunities into realities.
Our deep knowledge and experience of shipping, as both an operator and charterer of vessels, contributes significant value across BP and notably to Integrated Supply & Trading (IST). By providing innovative shipping solutions, we enable IST trade in new areas of the globe.
We also provide many forms of marine expertise to the BP group and joint venture businesses in both operational and assurance capacities by seconding BP Shipping staff.
Here are just a few:
We supported Upstream with our work on the Glen Lyon Floating Production Storage and Offloading (FPSO) unit. BP Shipping and BP Maritime Services were involved in almost every aspect from design to construction to towing.
We seconded naval architects and marine engineers on site during the build in Korea and helped with the Flagging requirements and certification. We also provided two captains as FPSO tow-masters during the 15,000 mile tow from Korea to Norway and the subsequent tow to the field.
We also provided chartering support for crude export from the Glen Lyon, maximizing value for the BP group.
We support our Integrated Supply & Trading (IST) teams with expertise and capability for a changing LNG market for LNG offtake. BPs first cargo delivery to a quayside Floating Storage Regasification Unit (FSRU) was in 2011 calling at Bahia Blanca in Argentina.
We pioneered commercial open water LNG ship-to-ship transfer off Cyprus to an FSRU in 2013, requiring extensive technical assessment and risk studies. We have since delivered cargoes on a regular basis to FSRUs in Argentina, Brazil, Egypt, Jordan, Dubai, Kuwait, Colombia, Malaysia, Offshore Cyprus and Israel. And we are building capability for LNG offtake from a floating LNG production unit to enable BP to offtake LNG from the Coral Floating Liquefied Natural Gas (FLNG) project off Mozambique.
Ship to Ship Transfer
We support the Cherry Point Refinery in the USA which processes up to 234,000 barrels of crude oil a day. BP Shipping staff permanently based there work closely with the Cherry Point based traders. They also provide Shipping support to the refinery and all of BPs US West Coast operations, act as interface with government and industry and conduct terminal and vessel visits for Vetting & Clearance.
British Renown Cherry Bay Point
BP Shipping supplies many forms of marine expertise to the BP group and joint venture businesses in both operational and assurance capacities:
Alaska Tanker Company (ATC)
We were involved in the design and construction of the four ATC vessels and have supported ATC vessel operations since inception of the company in 1999.
Angola LNG Marketing Ltd
We have seconded staff there from 2017 with a shipping manager reporting directly to its CEO and further secondments possible.
North West Shelf Shipping Company (NWSSCo)
We have seconded staff from its inception in 1991 right through to today and have been involved in everything from vessel design and construction support to operations.
Alaska Tanker Company
With 90% of world trade carried by sea, the shipping sector contributes around 2% of global carbon dioxide (CO2) emissions. BP Shipping plays a key role in support of the groups pledge to reduce emissions in its operations, improve its products and create low carbon businesses.
Between 2018 and April 2019 we are taking delivery of six new Liquefied Natural Gas (LNG) vessels, the first of which, British Partner, was delivered in June 2018. LNG is a big part of BP’s lower carbon strategy. The British Partner will play a vital role in BP’s future as we support the company’s shift to gas.
These vessels are the most sophisticated, fuel efficient and environmentally-friendly vessels ever built for BP, The level of technically-advanced systems and new technology employed on-board the vessels places BP Shipping firmly as a technical leader in marine hydrocarbon transportation and on track to meet the requirements of BP group Engineering 2020.
The 26 tankers delivered into the BP Shipping fleet between 2016 and 2017 are a key contributor to a lower carbon future with significantly reduced fuel consumption and lower greenhouse gas emissions. They appear in BP’s Advancing Low Carbon accreditation programme as one of 33 activities highlighted for their contribution to BP’s low carbon agenda.The vessels go beyond the International Maritime Organizations mandated Energy Efficiency Design Index (EEDI) requirements.
By reducing our emissions we are also advancing the energy transition. Many of our new build oil tankers are fitted with Exhaust Gas Cleaning System or ‘scrubbers’ The exhaust gas from the main engines is cleaned via these scrubbers to remove sulphur oxides (SOx) and particulates. It is then recirculated into the combustion chamber in order to reduce the oxygen level which in turn reduces the formation of nitrogen oxide (Nox).
They feature the latest innovations in propulsion and hull design allowing them to meet the industry’s energy efficiency design index requirements for ships contracted after 2020. Tests have shown that they achieve up to 20% emissions savings compared to the vessels they replaced in the BP fleet.
BP Shipping manages an international fleet of 42 vessels, from six state of the art LNG vessels to the incredible handy 'MR Handysize'
Our people deliver innovative marine solutions in support of BP’s strategic goal of creating a distinctive platform for value growth over the long term
The Upstream segment is responsible for our activities in oil and natural gas exploration, ﬁeld development and production
The Downstream segment has global marketing and manufacturing operations. It is the product and service-led arm of BP