Tuesday, November 20, 2018

Energy Consumption News

MENA Region to Lead Global Oil and Gas for Decades to Come: DNV GL

(L-R) Ben Oudman, Regional Manager, Central Europe, Middle East and India, DNV GL - Oil & Gas and Jan Zschommler, Manager, Middle East, DNV GL - Oil & Gas. Pics: DNV GL

The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050.The report says, the Middle East and North Africa (MENA) region will remain the main global supplier of oil and gas for decades to come."Among its forecasts for 10 global regions…

Serbia's First Large-scale Wind Farm to Start in October

Photo: Elicio NV

Belgian renewable energy firm Elicio NV said on Friday its 42 megawatt (MW) Alibunar wind farm in northern Serbia will start operating in October and help the Balkan country diversify its energy mix and reduce greenhouse gas emissions.The wind farm, which has 21 wind turbines provided by German wind turbine manufacturer Senvion, is the first large-scale farm to connect on Serbia's grid.

Trelleborg Solutions to FSRU-Based LNG Terminal

Photo: Trelleborg

Trelleborg’s marine systems operation has supplied a suite of products to H-Energy’s Floating Storage Re-gasification Unit (FSRU) based LNG terminal at JSW Infrastructure’s Jaigarh Port in Ratnagiri District, Maharashtra. Developed in accordance with industry leading engineering and safety standards and an annual capacity of 4 MMTPA, H-Energy’s LNG Terminal will offer storage, re-gasification…

China Keeps LNG off Tariff List - for Now

file Image: a typical LNG carrier laden with cargo crosses the Med in a recent photo (CREDIT: Robert Murphy)

China embroiled in festering trade dispute with United States even as Chinese imports of U.S. LNG expected to surge -Morgan Stanley. China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen. It also underscores Beijing's desire to ensure supplies…

Borealis to Invest in Port of Antwerp

Pic: Port of Antwerp

The Austrian petrochemical company Borealis has announced that it is to build a new production plant on its existing site in Kallo, in the Antwerp port area.According to a press release, the propane dehydrogenation (PDH) plant will use the very latest technology in terms of sustainable production and energy efficiency. With this initiative the port of Antwerp confirms and reinforces…

Total, India's Adani Join Hands in LNG Sector

Image: Total

French energy major Total and Adani Group have signed an agreement to jointly develop multi energy offers to the Indian energy market. This cooperation includes Liquefied Natural Gas (LNG) and Fuel Retail.The Adani Group is an Indian private conglomerate active in 50 countries and specialized in commodities trading, port infrastructures and logistics, as well as energy production and…

Cyprus Seeks to Construct first LNG Import Terminal by 2020

© Igor Groshev / Adobe Stock

Cyprus has invited bids for the development of the country's first liquefied natural gas (LNG) import terminal, which it wants to be ready by 2020, a notice posted on a government procurement site said this week.Cyprus depends almost entirely on imported oil products for its energy consumption and needs to switch to cleaner gas from heavy fuel oil for its electricity generation by 2020…

Oil Stabilizes, Supported by Bullish U.S. Inventory Data

© tomas / Adobe Stock

Oil prices steadied on Thursday, supported by a bullish U.S. inventory report from the previous session even as an escalating trade dispute between the United States and China weighed on demand expectations.Brent crude oil was up 2 cents a barrel at $74.80 by 11:13 a.m. EDT [1513 GMT]. U.S. light crude was 2 cents lower at $67.84 a barrel."The market is trying to balance the worries…

Ampelmann Debuts S-type Walk-to-Work System

Image: Ampelmann

Dutch company Ampelmann says it has designed its latest motion compensation access system, the S-type, as a cost effective and safe option in the transportation of workers and luggage to and from offshore platforms. The company, a provider of offshore access systems to the energy industry, is launching the new Walk-to-Work system as an alternative to using helicopters or baskets. In total…

Mining Service Sector Outpaces Oil Peers

File Image: CREDIT BHP Billiton

Miners' quest for technology adds to order books. Companies supplying miners with equipment and services have performed better than their oil sector peers, buoyed by spending on new technology and expectations the demand outlook for other minerals is more bullish than for fuel. The index of mining services companies, such as Atlas Copco , Sandvik and Metso, has risen more than 50 percent over the last 12 months.

Heriot-Watt Sets Global Data Landscape for BP Statistical Review

Heriot-Watt University chief scientist Professor John Underhill (Photo: Heriot-Watt)

The economics professor who leads the in-depth data collation process for BP’s annual Statistical Review of World Energy has welcomed the energy major’s latest findings as “clear evidence of a major transformation in the global energy landscape”. Professor Mark Schaffer, Director of the Center for Energy Economics and Policy (CEERP), at Heriot-Watt University, said, “The 2017 Review is clear evidence of the interesting interaction between short and long-term energy forces.

India to Buy $1 Billion of US Crude Oil

New Prosperity crude carrier will deliver the first shipment of US crude to India's Paradip port (Odisha, India) in the last week of September. (Image: India House)

Following Indianan Prime Minister Narendra Modi’s June 2017 visit to the U.S., where President Donald Trump and PM Modi agreed to deepen the energy engagement between the two countries, India oil companies have started the process of procuring crude oil from the U.S. Now six weeks after the visit, the first orders for $1 billion of crude are being placed. Two Indian oil giants, Indian Oil Corporation and Bharat Petroleum…

Coal's Problem is Not Climate Change: Kemp

© EyeMark / Adobe Stock

U.S. coal companies blame climate campaigners and the Obama administration for waging a war on coal that has cost thousands of jobs and threatened struggling mining communities. But coal’s long-term problems stem not from politics but from physical properties that make it an inferior source of energy compared with oil, gas and (arguably) renewables. Coal has been losing the “war” for…

Solar PV Grew Faster Than Any Other Fuel in 2016

New solar PV capacity grew by 50% last year, with China accounting for almost half of the global expansion, according to the International Energy Agency's latest renewables market analysis and forecast. For the first time, solar PV additions rose faster than any other fuel, surpassing the net growth in coal. Boosted by a strong solar PV market, renewables accounted for almost two-thirds of net new power capacity around the world last year…

Energy Leaders Gather for the IEA Ministerial Meeting

Ministers and top government officials from the IEA’s 29 member countries, seven Association countries and other partners, as well as more than 30 CEOs from energy industry met in Paris on November, 7-8  2017 (Photograph: Andrew Wheeler, IEA)

Ministers and top government officials from the International Energy Agency’s 29 member countries, seven Association countries – Brazil, China, India, Indonesia, Morocco, Singapore and Thailand – and other partners, as well as more than 30 CEOs from across the energy spectrum, met in Paris this week for the IEA’s 2017 Ministerial Meeting. Held under the chairmanship of Ibrahim Baylan…

France's Engie Acquires Brazil's ACS

Engie has closed a deal to acquire Brazilian energy efficiency company ACS, the French energy group told Reuters on Friday without specifying the value. ACS offers services like remote monitoring of energy consumption, as well as water, temperature and gas monitoring. Engie aims to reach 1 billion reais ($317.82 million) in revenue in 2020, through its services arm, as it seeks to expand and diversify its presence in Brazil.

Fjord1 Orders Seven Battery-Powered Ferries with Havyard

Photo: Havyard Group

Havyard Group will be delivering the design for seven battery-powered ferries to Norwegian transportation company Fjord1, five of which will be built at the company’s own shipyard. Havyard and Fjord1 will thereby continue their partnership to achieve a green revolution on the Norwegian fjords. With this contract, Havyard Group has orders for 13 battery ferries at its own yard and has sold 12 battery ferry designs.

Algeria Seeks to Cut Energy Consumption After Oil Earnings Fall

Algeria is offering motorists incentives to more than double the number of cars running on natural gas by 2021 in an effort to reduce consumption of costly imported fuel amid strained public finances, officials said. The North African country has been struggling with a halving since 2014 of vital oil and gas revenues, which make up 60 percent of the budget and 95 percent of exports.

Yaskawa Ups Investment in The Switch

The Switch has delivered over 1,000 rugged Power Drives for the past 10 years to hundreds of vessels operating around the world (Photo: The Switch)

Yaskawa Corporation is making a multimillion-euro investment to strengthen the R&D capabilities of The Switch and purchase new equipment at the company’s factory in Lappeenranta, Finland.The investment will enable drive train testing of up to 15 MW. The Switch will now become Yaskawa European’s Environmental Energy Division, leading the Japanese company’s global business in the marine…

LR to Class India’s First FSRU

Logo: Lloyd's Register

Lloyd’s Register (LR) said it signed a contract to class the first ever floating storage regasification unit (FSRU) to be ordered for Indian waters.Due for delivery in December 2019, the new 180,000m³ FSRU will be built to LR’s Rules for the Classification of Offshore Units by South Korean shipbuilder Hyundai Heavy Industries (HHI) for SWAN LNG Pvt. Ltd. (SLPL). It will be stationed at Jafrabad port for 24h-hours-a-day operations…