AI's hunger for energy fuels geothermal startup but rivalry over natgas clouds the future
The number of geothermal energy startups is on the rise, as Big Tech companies look to power their AI data centers with natural gas. However, long-term investment remains uncertain because oil majors are doubling down on natural gases. Meta and Alphabet’s Google are two of the tech companies that have partnered with startups to create geothermal energy to power their data centres.
Philippines communities challenge dash for fossil gas
The government claims that LNG is an alternative to coal, and the capacity to generate it is required to meet the energy demands of Luzon Island, which is also home to Manila, the capital city, located 110 km (68 mi) north. Many people in Santa Clara, an area adjacent to the port's terminal, claim that respiratory illness has increased dramatically, even among children as young five years old. They attribute this to the LNG plants.
US natgas manufacturers chase AI-driven surge of power demand to weather low price
Shale gas producers are contacting data-center operators in the U.S. Permian Basin to build up the capacity needed to power an AI boom. They want to relieve the pressure of a two-year-old slump in prices. Devon Energy, Expand Energy Diamondback Energy and Permian Resources highlighted the potential of AI and data centres to drive gas consumption and said that they were in preliminary discussions with many operators.
Wilhelmsen, NorSea Join Forces for Hydrogen
The Norwegean global maritime industry group Wilh. Wilhelmsen Holding ASA and Denmark-based supply chain manager NorSea join forces to develop liquid hydrogen supply chain for maritime applications in Norway.The environmentally friendly liquid hydrogen can be offered to commercial shipping in large scale supply within first quarter 2024, claimed the companies.Together with major industry players such as Equinor…
Canada's FortisBC to Export LNG to China
FortisBC Energy Inc will export Canadian LNG produced by its small-scale LNG terminal in British Columbia to China starting in 2021.The Canadian natural gas utility, which has operated its Tilbury LNG plant since 1971, said in a press release that it has signed a two-year contract to ship 53,000 tonnes per year of super-cooled gas by the summer of 2021 to Chinese…
Sea Breeze Study May Aid US Wind Farm Developers
A team of researchers at Rutgers University has used new forecasting methods to predict offshore sea breeze patterns on the Jersey Shore — data that could be useful for companies hoping to build wind farms off Atlantic City."The proposed, multimillion-dollar offshore wind farms industry may benefit from a Rutgers-led study that used sophisticated forecasting to understand sea breezes and make them a more predictable source of energy…
MENA Region to Lead Global Oil and Gas for Decades to Come: DNV GL
The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050.The report says, the Middle East and North Africa (MENA) region will remain the main global supplier of oil and gas for decades to come."Among its forecasts for 10 global regions…
SEA\LNG Voices Support for MEPC 73 Outcomes
SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, strongly supports the decision of the Marine Environment Protection Committee (MEPC) to reaffirm the January 1, 2020 implementation date of the 0.50% sulphur fuel limit.SEA\LNG said in a press release that it also applauds the…
Smarter Energy Policy Will Broaden Offshore Recovery
For the past few years, depressed commodity prices, stricter regulatory requirements and competition from onshore development at home and from other countries offering attractive offshore lease and royalty terms have had severe impacts on new exploration in the U.S. Gulf of Mexico. Thankfully, the tide appears to finally be turning.In August, Gulf of Mexico Lease Sale 251 drew increased competition for offerings and $178 million in high bids…
Excelerate, TGS Join for Argentina LNG Export Study
Excelerate Energy and Transportadora de Gas del Sur (TGS) have provisionally agreed to jointly assess the viability of an LNG liquefaction and export project at Bahia Blanca in Argentina.Argentina currently imports liquefied natural gas (LNG) through two floating import terminals, particularly during the country's peak winter consumption.The successful development…
NOIA Comments Support Offshore Leasing Program
he National Ocean Industries Association (NOIA) has submitted comments which strongly encourage the Secretary of the Interior to proceed with lease sale planning in all 25 planning areas proposed in the Draft Proposed Outer Continental Shelf Oil and Gas Leasing Program for 2019-2024 (DPP). Specifically, NOIA supports the annual offering of all acreage in the Central…
SEA\LNG welcomes Two new Partners
SEA\LNG - which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel - has welcomed two new partners, each representing key aspects of the LNG maritime value chain. The recent decision by the International Maritime Organization Marine Environment Protection Committee to enforce the global 0.5% cap on the sulphur content of marine fuel by 2020 has significantly increased interest in LNG as a cost effective…
Op/Ed: Obama’s Parting Salvo at US Energy Security
Randall Luthi, President of the National Ocean Industries Association (NOIA), does not pull any punches as he weighs in on the Obama administration’s release of the Final 2017-2022 Outer Continental Shelf (OCS) Oil and Gas Leasing Program. The good news is we now have an offshore leasing plan for the next five years that includes a schedule for regular oil and gas sales in the Gulf of Mexico. The bad news is it is only half a plan.
DNV GL & “The Future of Spaceship Earth”
At a presentation this morning at the United Nations in New York, Remi Eriksen, CEO, DNV GL led a presentation on “The Future of Spaceship Earth,” a global forecast on the outlook for the world to 2050. The skinny: The world needs to move further, faster on multiple fronts to ensure the sustainable future of the planet. Calling for “extraordinary action” to achieve the 17 Sustainable Development Goals (SDG’s) as presented in 2015…
ExxonMobil, Princeton Launch Energy Research Projects
In association with their partnership focused on energy technologies, ExxonMobil and Princeton University have selected five research projects that center on solar and battery technologies, plasma physics, Arctic sea-ice modeling, and the impact of carbon dioxide absorption on the world’s oceans. In June 2015 ExxonMobil committed $5 million over five years to the Princeton E-ffiliates Partnership…
US Offshore Wind Plan is Not Enough -NOIA
"As the United States and the world seek to find and produce more energy to meet ever increasing needs, the offshore wind strategy announced today is a glass only half full of opportunity. While the plan is a good start towards helping to meet growing energy demands, a more realistic offshore energy strategy would be broader, involving both non-traditional sources…
America’s First Offshore Wind Farm Completed
“I congratulate Deepwater Wind on completing construction on America’s first offshore wind farm, the Block Island Wind Farm off of Rhode Island. The completion of any offshore energy project is no small feat; the road from concept to completion can be very lengthy and rife with challenging regulatory hurdles, unanticipated permitting delays, and vocal environmental opposition alongside enthusiastic public support.
DNV GL bags COSCO's HVDC Converter Platform Deal
DNV GL has been awarded a contract by COSCO Shipping Company Limited (COSCO SHIPPING) of China for the installation engineering services for the BorWin gamma high voltage direct current (HVDC) converter platform. The Dutch-German transmission system operator TenneT is developing the offshore AC/DC converter platform BorWin gamma as part of the grid connection project BorWin3.
Hess: Saudi Arabia, Not U.S. Shale, World's Swing Oil Producer
OPEC leader Saudi Arabia, not the United States and its shale fields, is the world's true swing oil producer, able to start or stop production quickly in response to demand, the chief executive of Hess Corp said on Tuesday. The frank admission from the head of one of America's largest oil producers comes as the industry grapples with crude at decade-low prices, which…
Norway PM: Oil Too Low to Spur Investment
Oil prices are currently too low to spur investments sufficient to meet future energy demands, Norwegian Prime Minister Erna Solberg said on Monday. "It is difficult to predict future developments in the oil market, but it is evident that the current price level is too low to generate the investments needed," Solberg told a conference hosted by Norwegian oil major Statoil. Companies must continue to bring down the industry's cost level, she added.
