Saturday, June 15, 2019

Energy Consumption News

Microsoft, Eneco Sign Energy Pact

 Pic: Eneco

Microsoft will purchase 90 MW from the massive 731.5 MW offshore wind project, Borssele III/IV, from Dutch sustainable energy company and wind farm developer Eneco.Eneco will provide Microsoft’s datacenters with green power for 15 years starting in 2022, said a press release from the technology giant."This is Microsoft’s second purchase of wind energy in the Netherlands in a year, which…

U.S. Energy Hits Records in 2018: EIA

Graph: U.S. Energy Information Administration

U.S. energy consumption, production, and exports have reached record highs in 2018, said U.S. Energy Information Administration (EIA).The United States produced a record amount of energy from various sources in 2018, reaching 96 quadrillion British thermal units (quads), an 8% increase from 2017. This increase in production outpaced the 4% increase in U.S. energy consumption, which also reached a record high of 101 quads.At the same time, U.S.

Energy Demand Rose at a Record Rate

Pic: International Energy Agency

Global energy demand grew 2.3% last year, marking its fastest pace in a decade, amid a robust global economy and stronger heating and cooling needs in many regions, said the International Energy Agency (IEA).Natural gas emerged as the fuel of choice, posting the biggest gains and accounting for 45% of the rise in energy consumption. Gas demand growth was especially strong in the United States and China.Demand for all fuels increased…

OWC, TCE Targets Offshore Wind in India

Image: Aqualis Offshore

UK-based Offshore Wind Consultants (OWC) and Tata Consulting Engineers Limited (TCE) have signed an agreement to partner up for upcoming projects in the Indian offshore wind sector.Under the agreement, OWC and TCE will combine its powers to deliver engineering and project management services to Indian offshore wind developments, said the  globally focused specialised consultancy providing independent services to the offshore wind industry.OWC…

LNG Only Fills Niches in Europe

Pic: Wintershall Holding GmbH

Although LNG (Liquid Natural Gas) provides a solid supplement to European gas supplies, the EU is and will remain a pipeline market – for good reasons, said Wintershall's new position paper.The report from Germany's largest crude oil and natural gas producer on the importance of liquid gas for Europe said that the liquefaction is highly energy-intensive – the energy consumption corresponds to about 13% of the gas transported.With an energy loss of less than five percent…

China OKs 6.7GW Offshore Wind

Image: Orsted

The Chinese province of Jiangsu has approved 24 offshore wind power projects with a total capacity of 6.7 gigawatts (GW).The country's state press agency Xinhua reported citing sources with the State Grid Jiangsu Electric Power Company that the newly approved projects, with total investment of 122.29 billion yuan (around 18 billion U.S. dollars), are part of Jiangsu's 10 GW-level offshore…

China’s Oil and Gas Industry to Focus on Environment Impact

Arthur William Stoddart, Regional Manager of Greater China, Korea & Japan, DNV GL - Oil & Gas

China’s oil and gas industry is set to reinforce efforts to reduce environmental impacts of its projects and operationsin 2019, said a research.According to a new research from DNV GL, six in ten (61%) senior oil and gas professionals in China say their organizations are actively preparing for the transition to a lower carbon energy mix compared to 51% globally. Industry leaders’ focus…

Italy to Block Exploration Permits

© Pietro Bevilacqua / Adobe Stock

The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint, the industry ministry said on Wednesday.In a statement the ministry said upstream oil and gas activity in Italy was not of strategic importance for the country.Some industry experts say Italy is sitting on some of the biggest reserves in Europe, but red tape has scuppered exploration for years.Italy's domestic gas producti

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…

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…

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…

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…

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…

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…