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Energy Policy News

28 Feb 2024

Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals

(File photo: QatarEnergy)

Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts say.Qatar, one of the world's top LNG exporters, plans an 85% expansion in LNG output from its North Field's current 77 million metric tons per year (mtpa) to 142 mtpa by 2030, from previously expected 126 mtpa.Some market experts said that the move will have an impact on global projects in the United States…

13 Dec 2023

Three Winners for Japan's 2nd Offshore Wind Power Tender

Copyright pixardi/AdobeStock

Japan's industry and land ministries on Wednesday picked three consortia, including one featuring Germany's RWE and its partners, to operate offshore wind farms in the second round of a public auction. They said they would award a fourth wind farm that was part of the tender at a later date.The results of the second major round under a new law to promote wind power were closely watched by energy companies at home and abroad, after the first round was dominated by Mitsubishi Corp.Japan's…

05 Dec 2023

Sails and Satellite Navigation Could Cut Shipping Industry’s Emissions By Up to a Third

A cargo vessel with Flettner rotors – a modern equivalent to sails. Flettner rotors are smooth cylinders with discs that spin as wind passes at right angles across it. (Photo: Norsepower)

In the vast expanse of the world’s oceans, a transformation is underway.The international shipping sector, made up of thousands of massive cargo ships laden with many of the goods we buy, emits carbon dioxide (COâ‚‚) roughly equivalent to the entire country of Germany.Our research emphasises the need for immediate action. Reducing shipping emissions by 34% by 2030 is necessary to stay on course with the Paris Agreement’s 1.5°C goal. But with low-carbon fuel pipelines unlikely to be available at the necessary scale until at least the 2030s…

22 Aug 2023

Australia LNG Strikes Would Need to Last Over a Month to Spike Prices, Analysts Say

Threatened strikes by workers at Australian liquefied natural gas (LNG) providers would need to last more than a month to significantly push up global prices, analysts said this week.The Woodside Energy and Chevron operations supply about 10% of global LNG output and worries of a walkout have lifted prices of European gas benchmark TTF forward curve 5%-7% higher over the September-to-April period than just before the news of a potential strike.The three Australian plants facing possible strikes risk losing 4 to 5 billion cubic meters of production per month if they go offline…

12 Jul 2023

Shell, BP Pursue Arbitration Claims Against Venture Global LNG

© Björn Wylezich / Adobe Stock

Top LNG traders Shell and BP have separately filed for arbitration against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, even as it sold to non-contract customers as prices soared, four people familiar with the matter said.A Venture Global LNG spokesperson did not comment on the Shell and BP claims. Last month, the company said it was in full compliance with terms of its long-term contracts and cited a need for extensive commissioning of its modular…

12 Apr 2023

LNG Imports Test EU Resolve to Quit Russian Fossil Fuel

© KKF / Adobe Stock

Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied natural gas (LNG).In the year since Russia's February 2022 invasion of Ukraine, the EU has placed sanctions on seaborne oil and coal imports from Russia.It has drastically cut reliance on Russian pipeline gas, despite not imposing sanctions on the fuel. But at the same time, EU countries have increased their overall purchases of Russian LNG…

24 Jan 2023

Subsea Mining Plans Pit Renewable Energy Demand Against Ocean Life

Deep sea sponges and other creatures live on and among valuable manganese nodules like this one that could be mined from the seafloor. ROV KIEL 6000/GEOMAR

As companies race to expand renewable energy and the batteries to store it, finding sufficient amounts of rare earth metals to build the technology is no easy feat. That’s leading mining companies to take a closer look at a largely unexplored frontier – the deep ocean seabed.A wealth of these metals can be found in manganese nodules that look like cobblestones scattered across wide areas of deep ocean seabed. But the fragile ecosystems deep in the oceans are little understood…

22 Dec 2022

Has Green Hydrogen Sprung a Leak?

©Andreas Prott/AdobeStock

The green hydrogen express is gathering pace, but it may have a worrying problem with leaks.As governments and energy companies line up big bets on the much-touted fuel of the future, some scientists say the lack of data on leaks and the potential harm they could cause is a blind spot for the nascent industry.At least four studies published this year say hydrogen loses its environmental edge when it seeps into the atmosphere. Two scientists told Reuters that if 10% leaks during its production…

12 Dec 2022

Inside the Chinese Port Deal that Divided the German Government

© niemannfrank / Adobe Stock

The German government has become divided over a deal, agreed last month, which saw Chinese conglomerate Cosco invest in the Port of Hamburg. The deal had been in the works since September 2021 and was championed by the chancellor (and Hamburg’s former mayor), Olaf Scholz.Scholz’s coalition partners have been vocal in criticising the deal. Chief among them is Robert Habeck, Greens member and Scholz’s economics minister, who expressed his fear that Germany was becoming dependent on Chinese business.

28 Nov 2022

Chevron Can Resume Key Role in Venezuela's Oil Output, Exports

© Vallehr / Adobe Stock

Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude oil to the United States.The decision grants broader rights for the last big U.S. oil company still operating in U.S.-sanctioned Venezuela. However, it restricts any cash payments to Venezuela, which could reduce the oil available to export.License terms are designed to prevent state-run oil firm Petróleos de Venezuela, known as PDVSA PDVSA.UL, from receiving proceeds from Chevron's petroleum sales, U.S. officials said.

19 Sep 2022

Will the Future be Walls or Bridges? Equinor Releases "Energy Perpectives 2022"

Eirik Wærness, chief economist in Equinor. (Photo: Arne Reidar Mortensen / Equinor ASA)

Energy Perspectives 2022: Long-term development in the world’s energy markets and how politics, technologies, companies, and consumers can influence it, is an overarching theme of the energy transition.With inflation raging, geopolitical disruption and resultant energy security concerts, and continued logistics woes, the table is set for Equinor to deliver its insights on energy courtesy of its "Energy Perspectives 2022" report.“Russia’s invasion of Ukraine earlier this year has not only tragically impacted the lives and livelihoods of those directly affected…

13 Apr 2022

Edward Heerema – Dutch Courage with Single-minded Focus

“A new challenge is the installation of big windmills. Big windmills today are 13 MW, 14MW. They are going up to 15 MW and people talk about 20 MW, so we have developed a system that can handle up to 20 MW. By weight it’s nothing, but in terms of technical challenge, it’s very interesting because the windmills are very big, the blades are extreme sizes and installation is at enormous heights. We think Pioneering Spirit is a big vessel, but if you take the biggest windmill of the future, she is t

Edward Heerema is founder and president of Allseas, which brought the world’s largest construction vessel, Pioneering Spirit, to the market. The company, which also brought innovation to the pipelay sector, has added its latest trick to Pioneering Spirit – its jacket lift system. But Allseas is also targeting deepsea mining and has its sights on the offshore wind market. Elaine Maslin caught up with Edward Heerema to find out more.The first time I met Edward Heerema was at the company’s offices in Delft, in the Netherlands.

12 Apr 2022

Geotechnical, Marine, and Coastal Design Solutions for Marshaling Ports to meet US Offshore Wind Power Policy Targets

Before!: Images Courtesy of Connecticut Port Authority. Rendering Artist: Jennifer Gottlieb, AIA NCARB ENV SP at AECOM

As reported in a Maritime Reporter and Engineering News February 2022 article, Offshore Wind Development Gains Speed in the United States, the offshore wind (OSW) market is beginning to heat up. The White House policy target of 30 GW of offshore wind power by 2030, increasing the Bureau of Ocean Energy Management’s (BOEM’s) leasing awards, and permitting target approval dates, together with more state energy procurement awards, are creating demand for more port infrastructure, Jones Act compliant vessels, and manufacturing facilities for wind farm components.

24 Dec 2021

Europe Missing Out on Gas with Nord Stream 2 Delay, Russia says

Credit: Nord Stream 2

Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the Nord Stream 2 pipeline, a top Russian official signaled on Friday.Deputy Prime Minister Alexander Novak said European companies that invested in the project, which is awaiting German and EU regulatory approval, would be able to ask for additional gas on top of their long-term contracts via the route."To my mind, European consumers are very interested in the project to start working, while the companies, which participate in it, they could have submitted additional requests as part of lo

07 Dec 2021

Maine Maritime Academy Names Paul as President

Jerald S. “Jerry” Paul  (Photo: Maine Maritime Academy)

Maine Maritime Academy’s Board of Trustees announced that Jerald S. “Jerry” Paul has been named as the college’s 15th President. Paul, current President of Capitol Access and a 1989 graduate of the institution, will take office this spring.Paul will succeed President William J. Brennan, who steps down from the position at the end of April following 12 years of transformative leadership at MMA. “I am gratified that the Board has selected such a fine individual to lead this wonderful college when I step down next spring,” says President Brennan.

22 Jul 2021

Japan's Power Plan to Rattle Australian Coal, LNG exporters

An LNG plant in Australia - Credit: 4680.photos/AdobeStock

Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.For many years Japan has been viewed as a largely steady source of demand for liquefied natural gas (LNG) and thermal coal used in power generation, with small variations in the volumes imported on a year-by-year basis.But this comfortable situation for commodity producers supplying…

29 Apr 2021

Indonesia to Stop LPG and Fuel Imports by 2030

© Alex Stemmer / Adobe Stock

Indonesia will stop both liquefied petroleum gas (LPG) and fuel imports by 2030 and plans big changes to its energy infrastructure to meet that target, a top energy official said on Thursday.President Joko Widodo has tasked the National Energy Council, a board made up of seven ministries and other stakeholders that plans energy policy, to devise a strategy to allow for a halt on LPG and fuel imports, said the council's secretary general, Djoko Siswanto.Once a former OPEC member, maturing fields and investment lags has turned Indonesia to a net importer of oil and gas.

28 Sep 2020

Congress Passes Bill Supporting Jones Act Enforcement in Offshore Wind

© Fokke / Adobe Stock

The U.S House of Representatives passed the Clean Economy Jobs and Innovation Act (H.R. 4447) aiming to reform U.S. energy policy and authorize significant investment in the transition to greater use of low-carbon energy.The legislation, which addresses a wide range of energy topics and initiatives, includes an amendment by Congressman John Garamendi (D-Calif.) which would enforce Jones Act requirements for all offshore wind development, construction, production and servicing.The amendment clarifies that the Outer Continental Shelf Lands Act…

28 Jan 2020

CaribX Ups Stake in Cape Licence Off Honduras

The Central American and Caribbean specialist exploration company CaribX said that it is increasing its share of the Main Cape Operating contract in Honduras.Following government approval CaribX will hold a 55% interest in the highly prospective licence area.CEO Rory Scott Russell said: "We are pleased to have closed this latest round of funding and delighted to have such a highly qualified and experienced group of explorers and entrepreneurs joining the company. Attracting the team behind Sierra and the giant Zama discovery demonstrates the enormous potential offshore Honduras, and in the region, as well as the subsurface similarities to the super-giant oil fields of Mexico."Rory added: "Combined with Armando Zamora’s experience with regulatory and government affairs…

16 Jul 2019

IEA: U.S., China to the LNG Lead by 2024

© Mike Mareen/Adobe Stock

The United States and China will become the world's biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).U.S. LNG exports are expected to rocket to over 100 billion cubic meters (bcm) in 2024, dislodging current market leaders Australia and Qatar, Jean-Baptiste Dubreuil, senior natural gas analyst at IEA, said on Tuesday.He was speaking at a presentation sponsored by Columbia…

16 Jun 2019

Offshore Wind – A Brief History

Credit: Used with permission of Worldsfairchicago1893.com

Happy 80th birthday Maritime Reporter & Engineering News! Eighty years is a significant publishing and business accomplishment!Birthdays always cause a look back. An 80-year review starts in 1939, the close of one very challenging decade, the start of events still reverberating today. History’s most important history is contained in the last 80 years.Energy dominated every one of those decades. Consider energy use, say, starting after World War II, from 1950 to 1975. There was power for everything…

19 May 2019

Hunterston Port Reveals Masterplan

UK port operator Peel Ports has revealed its plans for the major port and industrial centre at Hunterston, one of Scotland’s most important development sites comprising a 300-acre brownfield footprint, deepwater, and rail connections.It is calling on North Ayrshire residents and businesses to share their opinions about potential uses of the site, which is expected to support over 1,700 jobs and add over £140m in economic value to Scotland.The company has published its vision for Hunterston and how it intends to develop the site over the next twenty years. The details are contained in a Master Plan, published at the beginning of a six-week consultation process.Andrew Hemphill…

28 Apr 2019

Transition to a Hydrogen Future Has Begun

There is a growing international consensus that clean hydrogen will play a key role in the world’s transition to a sustainable energy future, said  Noé van Hulst, who chairs the High-Level Advisory Panel for the International Energy Agency (IEA)’s forthcoming hydrogen study.Hulst, the Hydrogen Envoy for the Ministry of Economic Affairs & Climate Policy, The Netherlands, said that it is crucial to help reduce carbon emissions from industry and heavy transport, and also to provide long-term energy storage at scale.Hydrogen is a versatile energy carrier that can be produced from a wide range of sources and used in many ways across the entire energy sector.