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Energy Extraction News

28 Nov 2019

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. Whether you believe in the phenomenon of peak energy…

02 May 2019

Gulf Island to Build Navy Vessels

Gulf Island Fabrication (GIFI), an American manufacturer of specialized structures and marine vessels used in the energy sector, announced that it received an award for the construction of two additional towing, salvage and rescue ships (T-ATS) for the U.S. Navy.The award represents the Navy’s execution of its second and third options for Gulf Island’s construction of three T-ATS vessels that will be built in the Company’s shipyard in Houma, Louisiana. The Navy has remaining options for five additional vessels, said a press release from the fabricator of complex steel structures, modules and marine vessels used in energy extraction and production…

01 Mar 2016

Finalists Complete for $2 Mln Wave Energy Prize

U.S. The U.S. Department of Energy (DOE) announced that nine teams have been named finalists in the Wave Energy Prize—a 20-month design-build-test competition—and will proceed to the next phase of the competition. The nine finalists and two alternates, identified from the 17 remaining official qualified teams, will continue their quest to double the energy captured from ocean waves and win a prize purse totaling more than $2 million. Each of the finalists and alternates will now receive seed funding from DOE to develop 1/20th scale models of their wave energy converter (WEC) technologies. These models will be tested at the nation's most advanced wave-making facility…

21 Nov 2015

Second Quake hits North Oklahoma

A magnitude 4.1 quake hit near the north Oklahoma town of Medford on Friday, the second temblor in two days to hit the area where energy extraction takes place. The U.S. Geological Survey said the quake, initially reported as a magnitude 4.6, struck at 4:40 p.m. at a shallow depth of 4.9 miles (8 km) with the epicenter 9 miles (15 km), north-northwest of Medford. There were no immediate reports of major damage or injuries. A magnitude 4.7 earthquake struck northern Oklahoma early on Thursday, rattling residents out of their beds and shaking the ground across a 100-mile (160-km) radius that included the city of Tulsa and the state of Kansas.

30 May 2013

Shipping Experts to Discuss Arctic Opportunities

Photo: Rederi

Minister Trond Giske, Secretary General Koji Sekimizu, Chairman Masamichi Morooka and Director General Sturla Henriksen will meet the press at on Wednesday, June 5 at 2 p.m. to discuss at a major Summit in Oslo, where the Board of the International Chamber of Shipping (ICS) will meet with political leaders from major shipping nations and the Secretary General of the United Nations’ International Maritime Organization (IMO) to discuss sustainability and shipping in the Arctic. The objective is to create a dynamic arena for dialogue between policy makers and the shipping industry.

25 Apr 2013

Tidal Energy Modelling Tool Launched

Image from SMARTtide

The Energy Technologies Institute (ETI) and HR Wallingford launched a tidal energy modeling tool for use by tidal energy developers to identify the most efficient sites for tidal energy converters, tidal arrays or tidal barrage schemes around the U.K. and French coastlines. The computer program, SMARTtide (Simulated Marine Array Resource Testing), incorporates a 2D hydrodynamic model of the U.K.’s continental shelf and the north-west European coastline. The software will be available to the public from May 21 as a fee-for-service via a portal on HR Wallingford’s website.

08 Jul 2012

Arctic Policy Outlined by European Union

The European Commission and the EU High Representative for Foreign Affairs and Security Policy have outlined the way forward for the EU's constructive engagement in the Arctic. The Arctic region is a vital component of the Earth's environment. Climate change in the Arctic is advancing dramatically, with change visible on a yearly basis, impacting significantly on its ecosystem and the livelihood of its inhabitants. At the same time, rapidly retreating sea ice alongside technological progress are opening up new economic opportunities in the region such as shipping, mining, energy extraction and fishing. While beneficial for the global economy…

30 Sep 2009

SNAME Focused Panel Sessions, 2009 Meeting

The focused panel sessions at the Society of Naval Architects and Engineers (SNAME) Annual Meeting and Expo (October 21-23 at the Rhode Island Convention Center in Providence, Rhode Island) will feature four timely topics: Electric Ships; Renewable Energy from the Oceans; Unmanned and Autonomous Ships of the Future; and Ship Efficiency in the Greenhouse Gas Era. Each two-hour panel session will be chaired and moderated by experienced SNAME members. Each session will have three leading experts who will make thirty minute presentations on their area of expertise, followed by a moderated thirty minute discussion period which will include questions and answers from the audience.