Energy Demand News

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A New Role for Service Providers Amidst Energy Upheaval

In today’s energy industry, things are moving fast. The upheaval brought about by COVID-19 and exacerbated by the Russia-Saudi Arabia oil price war has been so profound that the International Energy Agency (IEA) has described the situation as “a once in a century event for energy demand”. This is supported by current IEA predictions which suggest a 6% drop in global energy demand in 2020 – seven times worse than the plunge in demand that followed the 2008 recession.Amid what the IEA has dubbed a “dismal” year for fossil fuels, the one bright spot is the performance

(Photo: Ocean Infinity)

Exxon Taps Ocean Infinity to Survey the Stabroek Block

ExxonMobil in Guyana with our advanced data acquisition technology, to help them identify and evaluate seabed conditions on the Stabroek Block. Our innovative use of sustainable, low-impact technology will support their development of the acreage and ultimately to meet the region’s growing energy demand. This contract award is further evidence of Ocean Infinity’s ability to provide pioneering, eco-friendly solutions to major players within the energy sector.”An ExxonMobil-led consortium including Hess Corp and China’s CNOOC began producing from the Liza well within Guyana&rsquo

Image: WindEurope

EU Targets 450 GW Offshore Wind by 2050

with each other and the Commission.The report concludes that 212 GW should be deployed in the North Sea, 85 GW in the Atlantic (including the Irish Sea), 83 GW in the Baltic, and 70 GW in the Mediterranean and other Southern European waters. This reflects the relative wind resources, proximity to energy demand and the location of the supply chain.The report also breaks down how would each country would deploy in an optimal scenario. The 380 GW that would deployed in Northern European waters would require less than 3% of the total space there.The report considers how much it would cost to build these

Remi Eriksen (Photo: DNV GL)

DNV GL Strengthens Ocean Space Research Activities

global trade and our increased focus on ocean space will allow DNV GL to navigate the associated risks and opportunities for our customers.”The oceans are of fundamental social and economic importance. DNV GL’s Energy Transition Outlook forecasts that electricity will meet 40% of final energy demand by mid-century, with offshore wind contributing a significant portion of power generation. A report authored by DNV GL for the UN Global Compact noted that fish consumption has grown twice as fast as population growth since the 1960s and currently 3.2 billion people get 20% of their animal protein

(Image: Aker Solutions)

Aker Solutions Eyes Low Carbon Tech

said it will aim to generate about half of its revenue from renewable energy and low carbon solutions, including 20% from renewables and 25% from technologies that either generate renewable energy or removes or substantially reduces CO2 emissions by 2030."The world will continue to see rising energy demand and the challenge for our industry is the need to deliver this with a significantly lower carbon emissions," said Luis Araujo, chief executive officer of Aker Solutions.Demand for oil and gas is expected to grow over the next decade, although not as fast as the expected growth in renewable

Photo: Trident Winds Inc

EnBW, Trident Winds JV for Offshore Wind Project in California

project portfolio," says Dirk Güsewell, Head of Generation Portfolio Development at EnBW. EnBW's first step in the American market is to focus on the West Coast of the United States, and in particular the state of California, which has a strong economy, continuously growing energy demand and ambitious renewable energy and climate goals. EnBW North America and Seattle, Washington-based company, Trident Winds Inc., have formed a joint venture to advance the 650–1,000 megawatt "Morro Bay" offshore wind project off the central coast of California with a grid

(Image: ABB)

Powering the Seafloor: Put a Socket in It

communication, by the likes of Sonardyne, are helping enable subsea positioning and docking, charging, control and through water communication for these vehicles.ABB’s subsea substation system design has had an ROV “socket”. With scale, these systems could even help level out energy demand, as is being done in cities where car batteries are drawn down at peak demand, when the cars are not being used, suggests Bugge, treating them like mobile power banks.Where there’s not a large amount of power to draw on, subsea batteries could be trickle charged and then used as and when

Remi Eriksen, CEO, DNV GL. (Photo: DNV GL)

DNV GL & “The Future of Spaceship Earth”

, developing nations will continue to lag behind  The replacement of fossil fuels with renewable energy sources is underway  On the current trajectory, we will exceed the carbon budget by the year 2037, entering increasingly dangerous climate change territory  From 2030 onwards, the growth in energy demand will level off, due to the fact that improvements in energy efficiency will outpace the energy demands created by growth in population and productivity   17 UN Global Compact signatories are contributing with their insight: Sustainable Development Goals (SDGs) Company Head quarter 1

Shell Eyes Next Tender for Dutch North Sea Wind Farm

winning bid was to produce electricity at 7.27 euro cents per kilowatt hour, excluding costs to connect to grid operator TenneT.   Van Loon said Shell supported a faster shift to renewables and less polluting fossil fuels, but that in the meantime gas remained the best option to meet Dutch energy demand.   "Shell sees opportunities for the Dutch to accelerate the energy shift," she said. While DONG's bid showed the cost to produce offshore wind energy had fallen sharply, it "needs to come down more if it is really going to be competitive."   The entire Borssele

Marine Technology Magazine Cover Jun 2020 -

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