Offshore Wind Turns Shipping to Green
Offshore wind and the shipping sector can reinforce each other to reach the Green Deal targets, says WindEurope.The European Wind Energy Association said that wind energy currently makes up 15% of Europe’s energy mix. The majority of this is onshore. Offshore wind is just 2% at the moment. But it’s growing rapidly thanks to decreasing costs and improving technology."So offshore wind will be a major player in the future. But collaboration with the shipping sector will be key to delivering this," it said.Offshore wind is already an important part of the European shipping industry.
Qatargas Delivers LNG Cargo to Indian Terminal
Doha-based liquefied natural gas (LNG) producer Qatargas has supplied a commissioning LNG cargo for India's newest LNG receiving terminal, Mundra.The cargo was loaded in Ras Laffan on 17 January 2020 on the Q-Flex LNG vessel, Murwab, with an overall cargo carrying capacity of 216,000 cubic meters. It arrived at Mundra terminal on 22 January 2020.Mundra is the second LNG terminal that Qatargas helped commission in India within the past year. It followed an earlier commissioning cargo which was delivered by the Company to the Ennore LNG receiving terminal…
Oil, Gas Players Optimistic on Profits
Companies in the oil and gas sector are optimistic about their ability to achieve their financial targets for 2020, according to a survey from standards agency DNV GL.While the sector’s growth hangs in the balance for 2020, oil and gas leaders are optimistic that they will weather the storm, drawing on hard-earned cost efficiencies from the past five years to make margin.Some 64% predict their organizations will hit profit targets this year (largely consistent with 62% in 2019)…
Boskalis Bags El Salvador FSRU Gig
Dutch dredging, offshore and heavylift company Royal Boskalis Westminster N.V. has been awarded a major contract to connect an offshore Floating Storage and Regasification Unit (FSRU) to an onshore power plant in El Salvador.The contract was awarded by Energia del Pacifico (EDP), a 378-MW liquefied natural gas (LNG)-to-power infrastructure project at the Port of Acajutla, El Salvador. The project will commence early 2020 and is scheduled to be operational by the end of 2021.The…
Vestas Tidal Wind Solutions for Vietnam
Danish manufacturer Vestas Wind Systems has developed a customized solution for a 50 MW intertidal project in Bạc Liêu Province, Vietnam for the local EPC construction company Bac Phuong JSC, using onshore wind technologies to harvest wind resources from the sea.The intertidal project site is covered in water at high tide and some of the turbines will be uncovered at low tide, said a press note from the sustainable energy solutions provider.Working closely with the customer to overcome the complex operation of planning and executing an intertidal project…
Huge Potential for Asian Offshore Wind
Offshore wind industry is set to gain a foothold in new markets in the next five years, with the Asian markets playing a significant role.China has significant ambition for the build-out of offshore wind – and added more capacity in 2018 than any other country. However, what is less known, is that markets such as Korea, Japan, Vietnam and India – have made plans to incorporate offshore wind into their energy mix.While much of the capacity being installed today is coming from mature…
Exceptional Growth in LNG Trade, Says Awilco
The exceptional growth in LNG trade recorded in the first half of the 2019 continued in Q3, says Awilco LNG Group, the Norwegian based fully integrated pure play LNG transportation provider.According to Fearnleys LNG total LNG trade is up about 13 % in the first nine months of the year vs last year. In line with normal seasonal patterns gas prices inched upwards in Q3 but remained historically low due to increased production and muted demand in the Far East.Due to a relatively mild winter reducing gas demand for power generation and higher nuclear power generation in Japan and South Korea…
Maritime 2050: Facing the Decarbonization Challenge
The International Maritime Organization (IMO) greenhouse gas (GHG) strategy signals a true game changing moment for the shipping industry. External pressure was building, but the IMO strategy sets a time line and goals for shipping to tackle one of the great challenges of our time. The GHG strategy gives our latest Maritime Forecast to 2050 its focus, and with this publication we attempt to set out the different strategies and pathways the industry can take to reach these goals.The first conclusion from the report is a sobering one.
ORCA Hub Readies Drones for Offshore Energy
A consortium of five universities, including Heriot-Watt University, working with 35 industrial and innovation partners, has unveiled the latest results from its research collaboration.The largest academic center in the world for research into robotics technology for offshore energy infrastructure, the ORCA Hub’s aim is to advance robotics and Artificial Intelligence technologies for the inspection, repair, maintenance and certification of offshore energy platforms and assets.Creating solutions to some of the most challenging…
Siemens Gamesa Wins 250MW Gig in Egypt
Siemens Gamesa has pledged its further commitment to the growth of clean energy in Egypt through the construction of the 250 MW West Bakr Wind project which is owned by the renewable power generation company Lekela.Siemens Gamesa will install 96 SG 2.6-114 turbines through a turnkey EPC contract and will provide long term maintenance through a 15-year service agreement.Alfonso Faubel, SGRE Onshore CEO, said: “We are proud to have been selected to contribute to the ambitious goals in renewable energy the Government has set for the coming years.
Engie's Tractebel Unveils Hydrogen Platform
Tractebel Engineering GmbH and Tractebel Overdick GmbH are developing a concept for an offshore platform which makes it possible to produce hydrogen from offshore wind energy at an industrial scale using electrolysis.The companies, both part of French energy group Engie SA, announced that the concept consists of an up to 400-MW plant for the production of renewable hydrogen via electrolysis at an industrial scale.This kind of plant exceeds the output of previous technologies many times over.
DNV GL Mulls Digitalization in Wind Energy
Digitalization is already playing a major role in the growth of wind energy, but it can still drive further improvements in operational efficiency, decision making and cost efficiency – if it can overcome concerns around data sharing.According the report ‘Digitalization and the Future of the Wind Energy Industry’ published by DNV GL, iproving operational efficiency (identified by 52% of respondents), decision making (42%) and cost efficiency (40%) are top priorities for further…
DNV GL Route Map for Energy Transition
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, gas and variable renewables will be the only energy sources for which demand is higher in 2050 than today.There is no single pathway to a decarbonized energy mix.
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.
LNG Spot Shipping Rates Increase, Says Awilco
In spite of low gas prices due to ample LNG supply growth and muted demand so far in 2019 spot shipping rates have gradually increased over the last few months and are currently about USD 70,000 per day on average, said Awilco LNG Group.According to Norwegian LNG transportation provider, European gas storage nearing full capacity coupled with a consistent contango across the LNG price curves for contracts delivering over the rest of the year supports sending US LNG to Asia.A handful of vessels have already been employed on storage plays over the next few months.
FLNG Market to Touch $17.5Bln by 2026
The global floating liquefied natural gas (FLNG) market is estimated to grow at CAGR above 5.2% over the forecast time frame 2019 to 2026 and reach the market value around $17.5 billion by 2026.Increasing demand for clean fuel techniques and increasing concentrate on sustainable energy blend will boost FLNG market growth, said a report by Acumen Research and Consulting.Rapid depletion of fossil fuel, combined with continuing carbon footprint reductions, will promote favorable company development.According to the International Energy Agency (IEA)…
UK Offshore Wind Attracts Investments
Power companies including Ørsted, Vattenfall, Innogy, SSE and Scottish Power and financial investors such as infrastructure and pension funds are active in UK offshore wind power, said Deloitte.Japan, China and other countries in Asia are also showing increasing interest in the market, it said.With natural advantages including a long coastline, high wind speed and areas of shallow seabed providing desirable conditions for the construction of large offshore wind farms, the UK is…
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.
Market in Focus: Gas Ships
Infrastructure continues to expand, and pricing incentives will continue to shift as the market matures. The LNG markets look like they may resemble the clean product tanker market in several years, which is highly arbitrage driven. We look to see an increased number of portfolio players working the spot market, which will drive the commoditization of the space and enable further demand.The total ton-mile demand for LNG carriers has increased over the past several years. More than 60 countries have imported LNG cargoes in the past quarter…
KHI Wins AiP from DNV GL for LFPP
The international accredited registrar and classification society DNV GL has awarded the Japanese multinational corporation Kawasaki Heavy Industries (KHI) an Approval in Principle (AIP) for their LNG floating power plant (LFPP).The classification body said in a press release that the LFPP is a decentralized energy generation solution that enables locations to tap into natural gas as part of their power mix.The LFPP concept is designed for installation in areas where energy demand is rapidly increasing, but onshore infrastructure is not feasible or commercially viable.
Dubai Intros Floating Solar Power Plants
The Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RFP) to appoint consultants to study, develop and construct floating solar photovoltaic plants in the Arabian Gulf."This is a new and innovative initiative by DEWA to use solar power that supports the objectives of the Dubai Clean Energy Strategy 2050 (DCES 2050) to diversify the energy mix in Dubai, to make the Emirate a global hub for clean energy and green economy, and provide 75% of Dubai's total power output from clean energy by 2050…
Offshore Wind: California's New Gold Rush
California Dreamin': In CA, offshore wind has unlimited potentialWhen it comes to States promoting renewable, non-fossil electricity generation, California surely leads the list, from utility-scale regional grids to individual rooftop solar panels.In fact, a December 2018 update from the California Energy Commission (CEC) estimates the state may already have exceeded an initial renewable generation goal of 33% by 2020. CEC estimates that in 2018 that generation number was already 34%.
US LNG Opens Floodgates to Europe
The United States has nearly tripled its natural-gas exports to the European Union (EU) since July and signed new licenses seeking to establish American energy as an EU mainstay. US exports of LNG surged following a meeting between Donald Trump and Jean-Claude Juncker in July 2018.In their Joint Statement of 25 July 2018 in Washington D.C., President Juncker and President Trump agreed to strengthen EU-U.S. strategic cooperation with respect to energy. They came in particular to an understanding on the benefits of expanded exports of U.S.