Saturday, August 8, 2020

Energy Supply News

Opinion: Egypt Banks on Renewables to Meet Expected Energy Demand Surge

Photo courtesy: Wärtsilä Energy Business

To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic?Egypt’s population has now passed 100 million. As one of the most populous and fastest-growing nations on the African continent…

New Report Outlines Big Potential for Offshore Wind

(Photo: Ørsted)

Offshore wind currently represents just a small piece of the world’s energy supply. But that’s changing faster than ever before as new and existing players look to tap the huge resource potential—and market opportunities—being unlocked by shrinking costs and technological advances, as outlined in a recent comprehensive market report.In the coming two decades…

IEA: Global Energy Investment to Plunge 20%

IEA' Executive Director Fatih Birol - Credit: IEA

Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.The Paris-based IEA said this could have serious repercussions for energy security and the transition…

China to Boost Energy Reserve Capacity, Support Unconventional Gas Exploration

Illustratin; Image by xmentoys - AdobeStock

China said on Friday it will bolster the capacity of the country's energy reserves and offer lower gas and electricity charges to key industries, as it looks to ensure energy supply and offset the impact of the coronavirus pandemic.In energy announcements on the first day of the parliament, known as the National People's Congress (NPC)…

Xodus: A Rapid Pivot to Gas Needed

Photo: Xodus

Xodus Group launched a new analysis showing that a rapid pivot to gas will be required to deal with rising global energy demand.In contrast to some recent future energy scenarios, Xodus believes worldwide energy consumption will continue to increase, driven by economic growth in developing countries, and that approximately…

Triton Knoll Installs Turbines

Image: Triton Knoll

UK's Able Seaton Port (ASP) has begun latest transformation into multi-million Triton Knoll turbine base.Preparatory works are underway to transform Able Seaton Port (Able) for its role at the heart of turbine installation for Triton Knoll Offshore Wind Farm.Able Seaton Port was selected by MHI Vestas Offshore Wind…

Sempra LNG, Aramco Sign Deal

 Image: Saudi Aramco

North American energy infrastructure company Sempra Energy and Saudi Aramco's Aramco Services Company, signed an Interim Project Participation Agreement for the Port Arthur LNG export project under development in Jefferson County, Texas.According to a press release, the IPPA represents another milestone for both…

KN Bags $148Mn Loan for its LNG Terminal

Image: Klaipedos Nafta

The Nordic Investment Bank (NIB) and Lithuanian liquefied natural gas (LNG) and oil terminal operator AB 'Klaipedos Nafta' (KN) have signed a EUR 134.1 million (USD 148 million) loan agreement to optimize costs of LNG terminal.The 25-year maturity loan will be directed to finance the rent payable for the Floating…

US Nearing Energy Independence

Graph: Rystad Energy

In just a few months, the U.S. will be fully energy independent and by 2030, the country's total primary energy production will outpace primary energy demand by 30 percent.According to the Norwegian market research consultancy Rystad Energy, this milestone follows a strong period of growth in both hydrocarbon and…

China Expects Balanced Energy Supply/Demand

© supakitmod / Adobe Stock

China's state planner expects this winter's energy supply and demand to be generally balanced amid increasing natural gas output and liquefied natural gas (LNG) imports, state news agency Xinhua reported on Tuesday.Citing unidentified officials from the National Development and Reform Commission (NDRC), Xinhua reported…

Japan Marks 50 years of LNG Imports

File Image: AdobeStock / © Fotmart

Japanese gas buyers on Wednesday marked the 50th anniversary since the first cargo of liquefied natural gas (LNG) arrived in Japan, now the world's biggest importer of the fuel.The arrival of the cargo on Nov. 4, 1969 helped transform Japan's energy system, which had relied on oil, coal and gas from coal in an era of high growth…

Netherlands-Denmark HVDC Test Successful

Image: Prysmian

Cable supplier Prysmian completes final high-voltage direct current (HVDC) test for 700MW submarine interconnector CobraCable line between Denmark and the Netherlands.The announcement takes place during the COBRAcable link’s official inauguration event, simultaneously held in Eemshaven (NL) and Endrup (DK), in the presence of representatives from the Dutch and Danish ministries…

OP/ED: Offshore Wind

Nicolette Nye, Vice President of Communications and Member Development of the National Ocean Industries Association (NOIA) in Washington, DC.

Set to Soar, Taking Offshore Support Industry With it.Offshore energy development is opening a new front in the United States -- the Atlantic seaboard, with strong winds, a shallow continental shelf and a proximity to dense population centers is driving strong interest in offshore wind development. The offshore…

Small Scale FSRU: Think Smarter Not Bigger

© dmplot/Shutterstock

The global search for lower carbon forms of energy and demand for cost-effective ways to serve power demand in emerging markets and remote locations is driving interest in floating storage and regasification units (FSRU).FSRUs are a faster and more flexible way to import natural gas to power-constrained places,…

"Green" Ammonia's Future as a Marine Fuel

Longyearbyen is the largest town in Svalbard and may become one of the first large scale consumers of green hydrogen or ammonia produced from wind farms in Finnmark. Photo credit Visit Svalbard.

Ammonia, the same pungent solution used in fertilizers and cleaning agents, may one day be the key to transporting renewable energy around the world. There are currently a number of government and corporate projects assessing the feasibility of converting excess renewable energy from sources like wind, solar, tidal…

Aramco Uses Renewables in Gas Wells

Pic: Saudi Aramco

Saudi Arabian national petroleum and natural gas company Saudi Aramco said that using renewable energy at unconventional well sites in Wa’ad Al-Shamal provides multiple benefits to the company."Not only is it a reliable and less expensive way to power the remote wells, but it also reduces carbon emissions and helps…

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 transition by DNV GL.According to the report '2019 Energy Transition Outlook' published by the international accredited registrar and classification society…

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, when it will account for over 29% of the world’s energy supply, it said.Significant investment will be required to ensure production meets demand…

Castle Wind signs MoU for 1GW California OWP

Image by Castle Wind Offshore

Monterey Bay Community Power (MBCP) and Floating wind power developer Castle Wind, a joint venture between Trident Winds and EnBW North America, have signed a memorandum of understanding (MOU) to enter into a future, long-term power-purchase agreement for approximately 1 gigawatt of renewable energy.The MoU is said…

MOL to Develop Zero Emission Alt Fuel

Image: MOL (Original Source: CCR)

Japanese shipping group Mitsui O.S.K. Lines (MOL) announced that it has joined the Carbon Capture & Reuse (CCR) Study Group and launched the "Cross-industrial Working Group Related to Zero Emission Alternative Ship Fuels".The CCR Study group was established with the objectives of proposing effective carbon neutral…