Electrifying Norway's Offshore Production
According to Rystad Energy, Norway has taken several steps to reduce its upstream emissions through electrifying offshore platforms, reducing flaring volumes, installing carbon capture and storage (CCS), and other energy efficiency measures.It said that power from shore to offshore platforms already started in 1996 when Troll East (A) came on-stream, with the Johan Sverdrup field as the latest addition in 2019.The latter infrastructure will also supply power to other developments located on the Utsira High and Sleipner area during the Johan Sverdrup Phase II development.In fact…
COP 25: The Affordable Energy Transition
By Sverre Alvik, Energy transition program director, DNV GLIt is not too good to be true, it is the economic reality that lies ahead of us. The energy transition facing us in the coming decades is an affordable one. In fact, the future energy system is not only affordable, it is cheaper than the energy system we have today. And this creates an opportunity to invest more to achieve the future we want.Let me be more precise: in just one generation, humanity will be spending a much lower share of its GDP on energy than it does today. The main reason is not energy prices, but energy efficiency.
Norway Supports GreenVoyage-2050 Project
Partnerships and innovations are essential to combat climate change through reductions in GHG emissions. Norway has provided an additional NOK 40,000,000 (US$4.3. million) to the International Maritime Organization (IMO)-Norway GreenVoyage-2050 project, which will support GHG reductions in line with the IMO initial strategy for reducing greenhouse gas emissions from shipping.This supports UN SDG 13 on climate action. The project aims to assist countries to implement legal, policy and institutional reforms, build…
Offshore Wind & Politics: Bernie Sanders
Offshore wind is hot, and so too is the race to win the Democratic presidential candidate nomination for the 2020 U.S. presidential election. In its October 2019 edition of Marine Technology Reporter, government reporter Tom Ewing takes a closer look at each of the Dem candidates to give insight and overview on their policies and their potential impact on the offshore wind industry.Ten candidates in ten days: Today we take a closer look at Bernie Sanders:Opening statement:“The climate crisis is not only the single greatest challenge facing our country…
Green Shipping Fuels of the Future
Ammonia and hydrogen are promising potential fuels of the future in a de-carbonized shipping industry, which has to switch to alternative, zero carbon fuels in order to meet the targets set out in the initial International Maritime Organization (IMO) strategy on reduction of GHG emissions from ships, an IMO symposium on sulfur 2020 and alternative fuels heard on Friday (18 October).Setting the scene, IMO's Edmund Hughes said the initial GHG strategy, adopted in 2018, had sent a clear signal that shipping will need to adapt.
EU/IMO Project Drives Energy Efficiency
A global network of maritime technology cooperation centers has completed an impressive array of pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping.Five regional Maritime Technology Cooperation Centres (MTCCs) have been established under the Global Maritime Technology Cooperation Centers (GMN) Project, which is funded by the European Union and implemented by the International Maritime Organization (IMO), the United Nations specialized agency with a remit to develop and adopt standards for safer…
GEO Installs Ulstein Blue Box in 2 Vessels
The Norwegian ship owner Golden Energy Offshore has decided to install Ulstein Blue Box on two of their vessels.The offshore service vessels for the global oil and gas service industry quoted ship owner Per Ivar Fagervoll as saying: “With Blue Box we will manage to reduce our fuel consumption and environmental footprint further, which is very important to us.”Golden Energy Offshore is actively pursuing environmental friendly solutions, and has a green profile. Together with Ulstein, they are now entering into…
Corvus, Kawasaki Pact for Novel ESS for Offshore Vessels
Kawasaki Heavy Industries (KHI) and Corvus Energy have reached a licensing agreement for a novel lithium-ion capacitor (LiC) technology developed by Corvus for KHI.The LiC-based energy storage systems (ESS) to be sold by Corvus to offshore vessels and oil rigs globally.“Corvus Energy has been an outstanding development partner for the LiC technology,” says Takeshi Ohata, Managing Executive Officer of Kawasaki Heavy Industries at their headquarters in Tokyo, Japan.“Their battery engineering experience and marine market leadership gives Corvus Energy expertise unlike any other.
GERE Goes Carbon Neutral
GE Renewable Energy, the renewable energy arm of US industrial technology giant General Electric, announced its plan to make 100 percent of its operations carbon neutral by the end of 2020.GE Renewable Energy will reach carbon neutrality by reducing emissions through operational efficiencies, securing renewable electricity supply to all GE Renewable Energy sites throughout its operations for wind, offshore wind, hydropower, energy storage and grid businesses – and balancing remaining emissions with the purchase of carbon offsets to achieve a net-zero footprint.Jérôme Pécresse…
OGCI Invests in Wind Power for Ships
OGCI Climate Investments has led an EUR 8 million investment round in Norsepower, along with current investors, to accelerate Norsepower’s growth on global markets.The investment enables Norsepower to scale up production at its manufacturing facilities as part of a next phase of commercialization triggered by demand for its renewable wind energy propulsion systems, said a press release from Norsepower Oy Ltd., the provider of low maintenance, software operated, data verified auxiliary renewable wind energy propulsion…
DNV GL Calls for Action to Meet Paris Climate Target
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 includes: Boost solar power more than 10 times to 5 TW, wind power by 5 times to 3 TW and increase battery production for EVs 50-fold by 2030.DNV GL calls for extraordinary policy action to advance renewables, new decarbonization technologies and systems, electrical vehicles and energy efficiency.The energy transition requires…
More 'Green' Power Needed To Meet Paris 2030 Target
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. This transition will require more than ten times power generated by the solar means and five times the wind power currently being generated in combination with other technology measures to limit global warming to well below 2 degrees and meet the targets of the Paris Agreement. The report saysthe energy…
2/3 of Electricity by Solar PV, Wind by 2050
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 GL.Electrification will transform how energy is produced and consumed. By midcentury, 40% of final energy demand will be met by electricity (up from 19% in 2017), 63% of which will be generated by solar PV and wind, said the third edition of the Energy Transition Outlook (ETO) by DNV GL.Electrification is also having a dramatic effect on road transport and by 2032 half of new car sales globally will be electric.
Offshore Wind Cable Market to Reach $3B
The global offshore wind cable market is estimated to grow at CAGR above 16% over the forecast time frame 2019 to 2026 and reach the market value around $3 billion by 2026.The demand for offshore wind cables has seen significant development due to the paradigm shift towards fresh renewable techniques with increasing consciousness of carbon emission limits, said a report by Acumen Research and Consulting."Offshore wind turbines are rapidly growing, with a higher capacity production more than onshore wind generation.
Total, IFPEN Join Forces to Cut Carbon
The French Institute of Petroleum IFP Energies Nouvelles (IFPEN) and compatriot multinational integrated oil and gas company Total announced that they signed a strategic R&D partnership yesterday, that includes an agreement to endow a chair at the IFP School, on carbon capture, utilization and storage (CCUS) and technologies to curb CO2 emissions.According to a press note from the energy giant, the roughly EUR40 million partnership covers a period of five years.CCUS aims to reduce the cost of infrastructure and improve the CCUS chain’s energy efficiency to secure its large-scale deployment.
Offshore Wind – A Brief History
Happy 80th birthday Maritime Reporter & Engineering News! Eighty years is a significant publishing and business accomplishment!Birthdays always cause a look back. An 80-year review starts in 1939, the close of one very challenging decade, the start of events still reverberating today. History’s most important history is contained in the last 80 years.Energy dominated every one of those decades. Consider energy use, say, starting after World War II, from 1950 to 1975. There was power for everything, from seemingly endless sources of oil, gas and coal, and nuclear power was standing by.Next, recall energy from 1975 to 2000.
Vattenfall Launches Maiden Green Bond
Swedish energy company Vattenfall has issued a EUR500mln green bond, its first such issuance, with the proceeds earmarked for a number of projects, including renewables.The bond with a tenor of seven years is offering investors the chance to “support the transformation of the energy system”.The proceeds from the bond issue are earmarked for projects defined in Vattenfall's green bond framework, with four categories: renewable energy and related infrastructure, energy efficiency, electrification of transport and heat, and industrial projects.The framework has been reviewed by Cicero and given their highest rating, “Dark Green”.
DNV GL Hires Energy, Utilities Managers
DNV GL announced on Friday it has added two new key account managers for Energy North America. Elizabeth Kaiga will work with a wide range of accounts that include utilities, renewable developers, financial organizations and large corporations, all with a focus on renewable energy, while John Costello will focus on the utility industry in the U.S.“Elizabeth and John will lead account teams to expand and strengthen relationships with customers and enhance the services that DNV GL is delivering, both for our core customers and for new customers,” said Richard S. Barnes, Executive Vice President for Energy North America.
Global Energy Investment Totals $1.8trln in 2018
Global energy investment totalled more than USD 1.8 trillion in 2018, a level similar to 2017, said the International Energy Agency (IEA).The investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables.IEA's latest annual review said that for the third year in a row, the power sector attracted more investment than the oil and gas industry.The biggest jump in overall energy investment was in the United States…
Natural Gas Liquid Market to Cross 14 mbl/day by 2025
Global Natural Gas Liquid Market is poised to cross 14 million barrels per day by 2025, said a study.Japan natural gas liquid market is projected to surpass an annual consumption of 0.2 mbl/day said the latest study by Global Market Insights.Accelerating funding’s toward chemical industry along with the manufacturing of high value-added petrochemicals will augment the industry growth.In addition, up-surge in investments toward automotive sector coupled with expansion of various industrial base including manufacturing, refineries and chemicals will positively impact the product penetration.The U.S.