Sunday, September 15, 2019

Energy News

US Rig Count Slides

© Jim / Adobe Stock

U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row as producers cut spending, leading to slower growth in crude output.Drillers cut five oil rigs in the week to Sept.

US Shale to Peak at 14.5Mbpd in 2030

Graph: Rystad Energy

US shale supply will peak at approximately 14.5 million barrels per day (bpd) around 2030, said the energy research and business intelligence company Rystad Energy.In the past decade, crude…

Ireland Calls for More Offshore Wind

David Connolly, CEO. Photo: IWEA

Irish Wind Energy Association (IWEA) chief executive Dr David Connolly has called for greater urgency from the government in the country and across the political system to support the development…

AIDAperla Receives Corvus Battery System

Photo: Corvus Energy

Carnival Corporation's Germany brand AIDA Cruises and Corvus Energy have signed a deal to retrofit the AIDAperla with a 10MW battery pack, the largest to date set to be featured on a cruise…

DNV GL Calls for Action to Meet Paris Climate Target

Pic: DNV GL

DNV GL’s Energy Transition Outlook indicates global temperatures rise by 2.4⁰C by end of century. Energy experts identify a combination of technology measures to curb global warming which…

Fuel Flexibility is Key for Green Shipping

Pic: DNV GL

Fuel flexibility and technologies to bridge changing fuel usage have been identified in the Maritime Forecast to 2050 as essential strategies for both individual owners and the shipping…

OFS Sector Expected to Take a Hit

Graph: Rystad Energy

Lower oil prices will push the global oilfield services (OFS) sector into a recession in 2020 after three successive years of growth, according to Rystad Energy.In a new sector outlook update…

More 'Green' Power Needed To Meet Paris 2030 Target

Wind and solar power: much more power needs to be generated from these sources in order to meet the targets set for 2030 by the Paris Agreement on climate change, according to DNV GL.

(Photo © Adobe Stock / lovelyday12)

According to DNV GL’s latest energy report ‘Energy Transition Outlook: Power Supply and Use’, eight times more wind and solar power is needed by 2030 to help meet the Paris Agreement on climate change’s target.

MAN Cryo to Supply LNG Fuel-Gas System

Image: MAN Energy Solutions

MAN Energy Solutions said that its marine LNG fuel-gas-system manufacturer MAN Cryo has been contracted to supply an LNG fuel-gas supply system for Norwegian shipowner, Egil Ulvan Rederi newbuild.According to MAN…

DNV GL Route Map for Energy Transition

Liv A. Hovem, CEO, DNV GL – Oil & Gas. Photo: DNV GL

Gas and variable renewables  must work together alongside greater uptake of carbon capture and storage (CCS) to secure a rapid energy transition, according to a new forecast of the energy…

Natural Gas to be 29% of World’s Energy Supply by 2050

Image: DNV GL

The global oil demand will peak in the mid-2020s and gas demand will keep rising to 2033, says DNV GL.Gas demand will then plateau, and the fuel will remain dominant until the end of the forecast period in 2050…

2/3 of Electricity by Solar PV, Wind by 2050

Remi Eriksen, Group President and CEO of DNV GL. Photo: DNV GL

Share of electricity in the final demand energy mix will more than double from today’s level to 40% in 2050, with two thirds of that electricity provided by solar PV and wind, said DNV…

Brazil Sells Rights in Minor Oil Areas

© Donatas Dabravolskas / Adobe Stock

Brazil auctioned off the exploration rights to 33 minor onshore and offshore oil and gas blocks on Tuesday, in what authorities framed as a bid to boost the industry outside of the nation's core…

Siemens Plans to List Energy Unit in 2020

(Photo: Siemens)

Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday.The German conglomerate said in May that it was spinning off its gas and power business…

Xodus Hires Rivers

Stephen Rivers (Photo: Xodus Group)

Energy consultancy Xodus Group said it has appointed Stephen Rivers as Subsea & Pipelines Manager for Asia-Pacific as the company targets strategic growth and new projects in the region.

Deutsche Bahn Signs Offshore Wind PPA in Germany

Image: Deutsche Bahn

German railway company Deutsche Bahn AG (DB) will be purchasing about 8% of the total production of the 295-MW Nordsee Ost offshore wind farm  from 2024.Deutsche Bahn will continue to steadily…

SE Asia to Expand Floating Solar Set to Grow

Image: Rystad Energy

Floating solar photovoltaic (PV)  panels are making a splash in Southeast Asia. Development of floating solar PV power plants is expected to increase 100-fold in the region over the next five to 15 years…

Saudi Minister Commits to Output Cuts

© SLDigi / Adobe Stock

Oil prices rose more than 2% on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations that he would stick with his country's policy of limiting…

Plans for Israeli Gas Exports to Egypt on Track

Plans to start exporting gas from Israel to Egypt are on track but further steps are still needed before exports can commence, Egyptian petroleum minister Tarek El Molla said on Monday."Everything is agreed on ...

How to Determine Which Countries Have the Best Energy Policies

© virojt / Adobe Stock

Which countries have the best energy policies? This is an interesting, and rather obvious, question, considering that every country’s energy practices impact the world in one way or another.