Sunday, May 20, 2018

Energy Diversification News

O&G Industry Urged to Support Digital Skills

Photo: OPITO

A report into UK oil and gas workforce dynamics launched indicates that more than 40,000 new people will need to be recruited into the industry over the next 20 years, including 10,000 in posts that don’t exist today.The UKCS Workforce Dynamics Review, by global energy skills body OPITO in partnership with Robert Gordon University’s (RGU) Oil and Gas Institute…

JERA imports first US LNG into Japan

Courtesy JERA

JERA Co., Inc. announced that an LNG cargo produced in the contiguous United States (“US LNG”) has arrived at Joetsu LNG Terminal of Chubu Electric Power Company today. This is the first import of US LNG into Japan. JERA and Cheniere Marketing International, LLP have entered into a sale and purchase agreement for the cargo, which was loaded onto the LNG vessel Oak Spirit at Sabine Pass LNG Terminal in Louisiana…

Cryptocurrency May Light Up Renewable Energy in Moldova

© Dmitry Volochek / Adobe Stock

Moldova, a small, landlocked country in eastern Europe, imports three-quarters of its energy and has seen its energy prices rise by more than half in the past five years.But that could soon change, according to the United Nations Development Programme (UNDP), which this year will launch an innovative effort to power a Moldovan university with cryptocurrency-funded solar energy.The initiative with Sun Exchange…

Trump's State Department Energy nominee Approved by Senate Panel

President Donald Trump's nominee for the top U.S. State Department job dealing with matters related to energy and the global oil industry was approved by a Senate committee on Wednesday, as the United States gears up to re-impose sanctions on Iran's oil exports. The Senate Foreign Relations Committee approved Francis Fannon, a former head…

BP & CNOOC Sign 20-yr LNG Deal

Bob Dudley, CEO of BP

BP and the China National Offshore Oil Corporation (CNOOC) today announced a heads of agreement for the supply of up to 1.5 million tonnes of liquefied natural gas (LNG) per year over 20 years starting in 2019. The agreement was signed in London by BP Executive Vice President, Dev Sanyal and CNOOC Chairman, Wang Yilin, in the presence of UK Prime Minister David Cameron and Chinese Premier, Li Keqiang.

Dubai to Expand LNG Terminal

LNG Receiving Terminal in Jebel Ali Port. Pic by Archirodon

The UAE is planning to expand the capacity of a liquefied natural gas (LNG) terminal in Dubai to help meet rising demand for electricity and water, the energy minister Suhail Al Mazrouei said. Additional capacity is being added to a 3 million tonne LNG storage facility in Jebel Ali, Dubai to cater to the UAE’s growing energy demands and diversification targets, he said.

IEA Finds CO2 Emissions Flat for Third Straight Year

Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency, signaling a continuing decoupling of emissions and economic activity. This was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency…

Gazprom to Stay Ahead in Global Energy

Courtesy Gazprom

The Gazprom Board of Directors took notice of the information about new trends in the global energy sector and their possible impact on the world gas market structure. In order to evaluate the influence of such phenomena on the global gas market, the relevant stress-scenarios envisaging the conservation and development of the outlined mid-term and long-term trends, were formed and reviewed.

Renewables to Surpass Gas by 2016 in Global Power Mix

stock photo

Power generation from hydro, wind, solar and other renewable sources worldwide will exceed that from gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) said today in its second annual Medium-Term Renewable Energy Market Report (MTRMR). According to the MTRMR, despite a difficult economic context, renewable power is expected to increase by 40% in the next five years.

IEA Welcomes Hungary's Efforts in Energy Sector

Hungary took a major step in the right direction with its National Energy Strategy to 2030, which was published in 2011. The country must now make greater use of market-based mechanisms in the energy sector to meet its goals, according to the International Energy Agency's latest assessment of Hungary's energy policies. The main objective…

ABB Wins DEWA's Solar Power Deal

Substation extension to integrate more solar energy into UAE grid and enhance grid reliability

ABB has won an order worth around $20 million from Dubai Electricity & Water Authority (DEWA) , to extend a substation that will integrate more solar energy into the grid, helping diversify Dubai’s energy mix to meet  growing demand. DEWA is doubling the net output capacity of phase II of the Mohammed bin Rashid Al Maktoum solar park from 100 megawatts (MW) to 200 MW.

Export Diversification Boosting Gazprom’s Competitivenes

Gas exports were essential for Russia's economy and fundamental for the energy cooperation between Russia and Europe.  Photo Gazprom

Gazprom's Board of Directors noted that gas exports were essential for Russia's economy and fundamental for the energy cooperation between Russia and Europe. This is evidenced by a more than 45-year history of Russian gas supplies to European consumers. During that time, Gazprom's share in the European gas consumption increased substantially and hit a record level of 31 per cent in 2015.

Lotos Eyes U.S. Crude Oil in Diversification Play

Poland's second biggest refiner Lotos, which refines mostly Russian oil, is considering further diversification of supply and is looking at potential deliveries from the United States, newspaper Puls Biznesu quoted the company's CEO as saying. * "We had not waited until the official visit of President Trump with testing the American market.

IndianOil Orders 2 LNG Tanks from MHI

Storage tank Photo IL

Mitsubishi Heavy Industries, Ltd. (MHI) has received an EPC (engineering, procurement and construction) order from Indian Oil Corporation Ltd. (IOL), India's largest oil company, to construct two LNG (liquefied natural gas) storage tanks. The LNG tanks will be the main facility at the first LNG receiving terminal to be constructed on India's east coast.

Poland's PGNiG to Expand Strategic LNG Terminal

Poland's PGNiG and Polskie LNG, the company building a liquefied natural gas terminal at the Baltic port of Swinoujscie, signed a letter of intent on building a third gas storage unit on the site, they said in a joint statement on Tuesday. "The gas terminal in Swinoujscie is one of the investments which will enable diversification of gas supplies," PGNiG's Chief Executive Mariusz Zawisza said in the statement.

Drillsearch Acquires Ambassador Oil & Gas

Drillsearch Energy Limited announced having successfully completed compulsory acquisition of the outstanding shares in Ambassador Oil & Gas Limited (Ambassador). Following compulsory acquisition, Ambassador is a wholly-owned subsidiary of Drillsearch. A claim form to enable former Ambassador shareholders whose shares have been acquired…

Oil Nations Looking to Renewable Clean Energy

As the oil price further deteriorates, major oil-producing countries are looking to the future and to sustainability, according to energy market analyst and consultant Douglas-Westwood. Recently, Bloomberg forecast that two-thirds of the $12.2 trillion global investment in capacity-generation to 2040 will be in the renewables sector. A…

Merkel Sees No Threat in New Gas Pipe to Russia, Poland Disagrees

Photo: Nord Stream 2

The planned Nord Stream 2 gas pipeline connecting Germany and Russia poses no threat to Europe's energy security, Chancellor Angela Merkel said on Friday, publicly disagreeing with her Polish counterpart. Poland, Ukraine and Baltic states fear the pipeline to be laid under the Baltic Sea would increase Europe's dependence on Russian gas…

Kerry to Push India to Give U.S. Companies Greater Access

John Kerry, U. S. Secretary of State

Secretary of State John Kerry will push India to make it easier for U.S. companies to do business there on a trip next week that also takes him to Europe to meet officials from Oman, Iran and Bulgaria, U.S. officials said on Friday. Earlier this week, the State Department said Kerry would travel to India this weekend to attend an investment…

Poland Cuts Dependence on Russian Oil but at a Cost

© Nightman1965 / Adobe Stock

Poland's imports of Russian oil last year fell to their lowest level since 2005, a central bank report published on Tuesday showed, though Warsaw's bid to diversify its energy imports also meant paying higher prices.Russian oil accounted for 76 percent of all oil purchases, down from 96 percent in 2012, as state-run refiners PKN Orlen…