Energy Balance News

27 Nov 2019

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 renewable resources."We forecast that the US will have primary energy surplus – and not a deficit – by February or March 2020, depending on the intensity of the winter season…

01 Aug 2019

GEA, Danaos Collaborate with Separators

Photo: GEA

Mile by mile better and more efficient: With the new GEA marine Separator 35 GEA supports its long-standing customer and partner Danaos Shipping, Greece. With a fleet of 60 container ships, Danaos Shipping ranks among the top 3 in the Greek shipping business. The company was founded in 1972 by Dr. Dimitris Koustas. Today, his son, Dr John Koustas, who also has more than 30 years of extensive experience in the shipping industry, is President and CEO. Danaos shipping is very active in researching innovations in ship operation and has participated in several EU-funded projects.

10 Jul 2019

New GEA Marine Separator Tech in Use

Photo: GEA

GEA equipped two Hapag-Lloyd container ships with the GEA marine Separator which it recently presented at SMM 2018 in Hamburg. The GEA marine Separators 50 and 90 are equipped with integrated direct drive technology. This GEA technology has been successfully used on the “Budapest Express” and “Colombo Express” for the last one and a half years. The two medium-sized container ships, each with roughly 8,750 TEU, are used in U.S.-China service transfers.The integration of the new separators with the ship machinery went smoothly…

31 May 2017

Rolls-Royce Launches Energy Management System

Photo: Rolls-Royce

Rolls-Royce has launched the next generation of its Energy Management (EM) System. The system will allow customers to reduce energy usage, fuel consumption and operating costs whilst supporting environmental compliance and providing performance information that enables the ship to comply with SEEMP rules and IMO regulations. The Energy Management System offers customers a more data-driven performance management and decision making approach. This will give an enhanced ability to monitor the performance of an individual vessel or a fleet.

06 Sep 2016

Silverstream Air Lubrication Delivers Fuel Savings

Photo: Silverstream Technologies

Silverstream Technologies and Shell has confirmed consistent net efficiency savings in excess of 4% in fuel consumed, following the successful long-term operation of Silverstream Technologies’ proprietary air lubrication technology, the Silverstream System, on-board the 40,000 DWT tanker MT Amalienborg. Further analysis of the data gathered through this process predicts that for larger vessels, efficiency savings of up to 8% are possible. Data was taken from the MT Amalienborg under ‘business as usual’ commercial operations encompassing all operating conditions.

21 Sep 2014

Japan's Minister Says Energy Policy Without Nuclear Difficult

Newly appointed trade and industry minister Yuko Obuchi is interviewed by media outlets on Thursday at METI’s offices in Tokyo

Japan would find it difficult to formulate an energy policy without nuclear power given its lack of energy resources and the high cost of utilities for companies and households, the country's new trade minister said on Sunday. Yuko Obuchi, the daughter of a former Prime Minister Keizo Obuchi, was appointed minister of economy, trade and industry (METI) earlier this month. It is expected that she will help prepare public opinion for the resumption of operations at nuclear power plants that were suspended in the wake of the tsunami-triggered nuclear disaster in March 2011.

16 Nov 2012

North America Leads Shift in Global Energy Balance

North America is at the forefront of a game-changing transformation in oil and gas production claims International Energy Agency publication. This year’s World Energy Outlook published by IEA finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. In the New Policies Scenario, the WEO’s central scenario, the United States becomes a net exporter of natural gas by 2020 and is almost self-sufficient in energy, in net terms, by 2035. North America emerges as a net oil exporter, accelerating the switch in direction of international oil trade, with almost 90% of Middle Eastern oil exports being drawn to Asia by 2035.

15 May 2012

Siemens Wins Prestigious Maersk 'Triple-E' Order

The Siemens Drive Technologies Division won a contract from Daewoo Shipbuilding and Marine Engineering (DSME) to implement eco-friendly propulsion and power generation system in containerships which will comprehensively reduce transit costs and provide in achieving the best operational CO2 Index in accordance with the International Maritime Organization (IMO). Apart from administering shaft generator motors and a power generation system, Siemens will also furnish the company with expertise in power management and Waste Heat Recovery Control (WHR). This approach will substantially contribute in depreciating the emission of significant air pollutants. Headquartered in Seoul, South Korea, Daewoo Shipbuilding and Marine Engineering (DSME) is the second largest shipbuilder in the world.

15 May 2012

Siemens Wins Marine Propulsion Order

The Siemens Drive Technologies Division has been awarded a contract worth tens of millions of Euros from Daewoo Shipbuilding and Marine Engineering (DSME) to implement eco-friendly propulsion and power generation system in container ships which will comprehensively reduce transit costs and provide in achieving the best operational CO2 Index in accordance with the International Maritime Organization (IMO). Apart from administering shaft generator motors and a power generation system, Siemens will also furnish the company with expertise in power management and Waste Heat Recovery Control (WHR). This approach will substantially contribute in depreciating the emission of significant air pollutants.

07 Sep 2011

Initiative Launched to Reduce Costs of Offshore Wind Parks

Achieving the Finnish windpower target by 2020 (6 TWh, approx. 2500 MW installed capacity) requires the implementation of several major offshore wind parks. The recently approved production tariff is not sufficient for implementation of offshore wind parks at the present cost level, and thus costs need to be reduced. Together with their customers, STX Finland, Meriaura and Hafmex have launched a ‘design-to-cost’ project, that seeks to significantly reduce the lifecycle costs of offshore wind parks. Demand for electricity is expected to grow in the coming years, at same time that prices are expected to increase. After Italy, Finland is the second largest net importer of electricity within the EU…

24 Nov 2009

Siemens Supplies UASC Newbuilds

The United Arab Shipping Company (UASC), U.A.E., commissioned the Siemens Industry Solutions Division to equip nine of its new-building container ships each with one booster propulsion with shaft generator function and a waste heat recovery energy management system. This order is in line with UASC’s continuous efforts to imbed the latest technologies into its ships and actively contribute to preserving the environment in reducing CO2 emissions. With the aid of waste heat recovery, ships' exhaust gases are converted to electric power. This cuts fuel consumption and reduces CO2 emissions, boosting cost-effectiveness of ship operation and relieving the environment. The order volume is in the two-digit euro millions.

16 Oct 2001

Maureen to be Reused and Recycled

Phillips Petroleum's UK subsidiary has exercised the option in its existing contract with Aker Maritime to deconstruct the Maureen platform for re-use and recycling. Maureen is to date the largest platform in the world to be removed after use. Parts of the substructure are planned to be used in a new quay at Stord in western Norway - and the aim is to use anew or recycle no less than 95 percent of the platform. The assignment is worth NOK 700 million, which brings the total value of Aker Maritime's work with Maureen to NOK 1 500 million. Working with Phillips, Aker Maritime was closely involved in the planning and executing for the refloat of the 110 000-tonne steel platform in the UK sector. cleaning.

26 Feb 2001

OPEC Postpones Meeting

The Organization of Petroleum Exporting Countries (OPEC) has postponed a top-level seminar on oil markets, originally scheduled for March, until later in the year. The seminar, "OPEC and the global energy balance: towards a sustainable energy future," was to be held in Vienna the two days before the March 16 meeting of oil ministers in which they are to discuss output policy for the next few months. "It will be postponed because a various ministers are not going to be able to attend," OPEC Secretary-General Ali Rodriguez told Reuters. Another OPEC official said the seminar was tentatively rescheduled for September. - (Reuters)

03 Sep 1999

Controversial Brent Spar Disposal Costs Soar

Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback seminar marking the effective completion of Brent Spar's conversion into a quay on the Norwegian coast, Shell officials also said that instead of resulting in a projected net gain in energy the project resulted in a net energy deficit. "Throughout the dismantling process we were faced with unexpected technical, safety and environmental challenges which had to be overcome and each one cost time and money," Eric Faulds, Decommissioning Manager for Shell's exploration and production arm Shell Expro said.

24 Sep 1999

Controversial Brent Spar Disposal Coasts Soar

Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback seminar marking the effective completion of Brent Spar's conversion into a quay on the Norwegian coast, Shell officials also said instead of resulting in a projected net gain in energy the project had resulted in a net energy deficit. "Throughout the dismantling process we were faced with unexpected technical, safety and environmental challenges which had to be overcome and each one cost time and money," Eric Faulds, decommissioning manager for Shell's exploration and production arm Shell Expro said.

12 Nov 1999

Controversial Brent Spar Disposal Costs Soar

Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback seminar marking the effective completion of Brent Spar's conversion into a quay on the Norwegian coast, Shell officials also said instead of resulting in a projected net gain in energy the project had resulted in a net energy deficit. "Throughout the dismantling process we were faced with unexpected technical, safety and environmental challenges which had to be overcome and each one cost time and money," Eric Faulds, decommissioning manager for Shell's exploration and production arm Shell Expro said.

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