WELCOME TO WWW.PLANESINTHEAIR.COM

TOMORROWS TRANSPORTATION NEWS TODAY!

Category: Oil Gas News (Page 4 of 4)

JAL Announces International Fare Fuel Surcharge for Tickets Issued Between October and November 2021

August 20, 2021 /

Japan Airlines (JAL) has requested for approval from Japan`s Ministry of Land,
Infrastructure, Transport and Tourism (MLIT) to set the level of fuel surcharge on international passenger tickets purchased in Japan between October 1 and November 30, 2021.

JAL sets fuel surcharge levels bimonthly based on the two-month average price of Singapore kerosene-type jet fuel. The price of Singapore kerosene-type jet fuel during the two-month period of June and July 2021
averaged USD76.67 per barrel, which accounted for JPY8,449 in the average exchange rate of
JPY/USD 110.19 during the same period.

As a result, with reference to the fuel surcharge benchmark list for FY2021, this corresponds to Zone C. From October 1 to November 30, 2021, the fuel surcharge will range from JPY600 on a Japan-Korea ticket to
JPY11,600 on a Japan-USA ticket per person per sector flown, for travel originating in Japan.

Fuel Surcharge for the period: October 1 ~ November 30, 2021

(*1) Russia -> Irkutsk
(*2) Russia -> Novosibirsk 
– For full details about JAL’s fuel surcharge policy, please refer to http://www.jal.co.jp/en/inter/if.html
– The surcharge applies to flights operated by Japan Airlines as well as code-share flights operated by other
  airlines.
– The planned level of fuel surcharge is subject to government approval.

Mitsubishi and Namura Shipbuilding Conclude Technical Cooperation Agreement

August 6, 2021 /

Tokyo, Japan, August 6th, 2021 – Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has concluded a technical cooperation agreement with Namura Shipbuilding Co., Ltd. relating to LPG (Liquefied Petroleum Gas) powered very large gas carriers (VLGC’s) and are capable of transporting both LPG and ammonia. Based on this agreement, Namura Shipbuilding will construct a LPG powered VLGC on order from MOL Group.

Mitsubishi Shipbuilding has developed an all-new type of VLGC applying its knowledge and expertise accumulated through the construction and delivery of more than 80 VLGC’s and midsized LPG/ammonia carriers. Operating performance has been improved by increasing the holding capacity of the cargo tank, while engineering enhancements have resulted in improved fuel efficiency. In addition, Mitsubishi Shipbuilding has applied its technologies in gas handling to develop a new system capable of using LPG in the cargo hold as fuel to propel the ship. This ability to secure LPG fuel from the cargo tank has a benefit that adds flexibility for the LPG terminal compatibility. Furthermore, the newly developed VLGC features largest-scale at present among all ships capable of carrying ammonia, a point of advantage amid anticipated expansion of demand for large-scale ammonia transportation, which emits zero CO2during combustion.

MHI originally concluded a basic agreement with Namura Shipbuilding in 2017 to form a business alliance in commercial ships. Under the newly concluded technical cooperation agreement, Mitsubishi Shipbuilding will not only provide Namura Shipbuilding with technical designs but also procure some equipment and support construction. In this way, Mitsubishi Shipbuilding will provide comprehensive engineering services to support Namura Shipbuilding’s successful construction of the large LPG/ammonia carrier for MOL Group.

Going forward, Mitsubishi Shipbuilding will provide shipbuilding technologies in response to all customer needs as a marine engineering firm handling new ship constructions as well as ships already in service, making no distinctions between vessels constructed in-house and those made by other shipbuilders. In these ways the Company will make ongoing contributions to the development of maritime logistics and also help reduce environmental impact, a critical issue of global scale.

Delta Air Lines Announces End of June Quarterly 2021 Financial Results

July 14, 2021 /

ATLANTA, July 14, 2021 – Delta Air Lines (NYSE: DAL) today reported financial results for the June quarter 2021 and provided its outlook for the September quarter 2021. Highlights of the June quarter 2021 results, including both GAAP and adjusted metrics, are on page six and are incorporated here.

June Quarter Financial Results

  • Adjusted pre-tax loss of $881 million excludes $1.5 billion of benefit related to the first and second payroll support program extensions (PSP2 and PSP3, respectively) and mark-to-market adjustments on our investments
  • Adjusted operating revenue of $6.3 billion, which excludes refinery sales, declined 49 percent on 39 percent lower sellable capacity (see Note A) versus June quarter 2019
  • Total operating expense, which includes $1.5 billion of benefit related to PSP2 and PSP3, decreased $4.1 billion relative to the June quarter 2019.  Adjusted for the benefit related to the PSP programs and third-party refinery sales, total operating expense decreased $3.3 billion or 32 percent in the June quarter 2021 versus the comparable 2019 period
  • Generated $1.9 billion of operating cash flow, $1.5 billion of free cash flow and $195 million of free cash flow, adjusted in the June quarter
  • At the end of the June quarter, the company had $17.8 billion in liquidity, including cash and cash equivalents, short-term investments and undrawn revolving credit facilities. The company had total debt and finance lease obligations of $29.1 billion with adjusted net debt of $18.3 billion

Click the link below to read the full release, including the reconciliations of GAAP to non-GAAP financial measures:

Delta Air Lines Announces June Quarter 2021 Financial Results

Federal Government Green Hydrogen Innovation Officer Visits Rolls-Royce

July 13, 2021 /

Rolls-Royce sees hydrogen as one of the key elements in a climate-neutral future. Its Power Systems division is already working hard on fuel cell technology, on a hydrogen engine, and on using renewably produced fuels that will soon be able to power existing internal combustion engines more cleanly. Building the hydrogen ecosystem quickly is a challenge – making interdisciplinary, cross-industry dialog a vital component. Rolls-Royce’s Power Systems Division hosted a visit by Dr. Stefan Kaufmann, Green Hydrogen Innovation Officer at Germany’s Federal Ministry of Education & Research, and explained its leading-edge research and development projects.

From Hydrogen to synthetic fuels

Together with industrial companies and universities, Rolls-Royce Power Systems is researching tomorrow’s propulsion and drive solutions in the MethQuest research project. Here, Rolls-Royce engineers are working on gas engine designs aimed at reducing methane emissions harmful to the climate, and on methanol and hydrogen combustion. The knowledge gained can be used in the development of new engines.

Fuel cell demonstrator soon to go into operation

One of these new drive-power technologies is the fuel cell in which hydrogen and oxygen react chemically to produce electricity which powers an electric motor with zero emissions. As early as this autumn/fall, Rolls-Royce will commission an emergency power supply system at its Friedrichshafen facility powered by fuel cells – thereby demonstrating how fuel cells can be used as part of stationary power supply infrastructure.

Rolls-Royce will then take the fuel cell to market in 2025 – initially for power generation applications, and later also as a marine propulsion system.

Shell Selects H160 for Operation by PHI in Gulf of Mexico

February 19, 2021 /

Marignane, France, 15, February, 2021 – International energy group Shell has selected leading US offshore helicopter operator PHI to operate four Airbus H160’s to service a support contract in the Gulf of Mexico. The contract marks the entry into the oil and gas market of the H160 with a wealth of design features promising new levels of safety, comfort and schedule reliability in offshore operations.

The three companies – Airbus, PHI and Shell – are cooperating in a unique partnership. In a pioneering move, Airbus will provide one H160 ahead of final deliveries to PHI and Shell for a year-long route-proving programme to enable the operator and the final customer to familiarize themselves with the type’s advanced features and mitigate the normal challenges around entry into service.

At PHI it will be based at Houma, Louisiana and join a large company fleet of H125’s and H135’s deployed in emergency medical service throughout the United States, as well as two H145’s operating for Shell on pipeline survey work in Louisiana, and two H145’s flying the world’s longest harbour pilot shuttle in Mackay, Australia.

With 68 patents, the H160 is the world’s most technologically advanced helicopter and features an unprecedented suite of pilot aids delivered through its Helionix avionics which substantially reduces crew workload and decreases the risk of pilot error.

They include the world’s first ground helipad assisted take-off procedure, a vortex ring state pre-alerting system and a recovery mode to automatically regain steady flight in difficult circumstances.

The H160 is powered by two of the latest Arrano engines from Safran Helicopter Engines and incorporates an embedded monitoring system and a redundancy of sensors, and can be maintained autonomously far from base. The design emphasises robust corrosion defence specifically envisaging offshore missions.

Newer posts »

Archives

© 2024 WELCOME TO WWW.PLANESINTHEAIR.COM

Theme by Anders Noren — Up ↑