Energy Northern Perspective – Energy News

News Ticker

[ 27 May 2020 ] Breakthrough laser sensor technology innovation for the maritime and offshore industries Maritime/Offshore
[ 27 May 2020 ] Alfa Laval signs agreement for waste heat recovery units – newly developed for land-based applications Contracts
[ 27 May 2020 ] Hurricane Energy to delay Lincoln Crestal well plugging Oil/Gas
[ 27 May 2020 ] Drilling permit for well in Norwegian Sea production licence 644 Exploration
[ 27 May 2020 ] TGS commences acquisition of its Atlantic Margin 20 3D survey Exploration

Analysis

‘Lifeline for many’: UK furlough extension for oil and gas businesses

In light of the announcement of the UK furlough scheme being extended to October, Louise Bancroft, Group HR Director, Airswift – the global workforce solutions company for the energy, process and infrastructure sectors – explains [...]
Featured

The chemical industry’s response to a crisis while in crisis

We often forget how vital the chemical industry is to our well-being, safety and daily lives. The stigma around the issue of plastics waste in the environment often overshadows the progress the industry has made [...]
Analysis

Amid the coronavirus pandemic, the SDGs are even more relevant today than ever before

Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana, and Erna Solberg, Prime Minister of Norway – Co-chairs of the UN Secretary-General’s Eminent Group of Advocates for the SDGs – discuss why the UN’s [...]
Analysis

New and old challenges facing the oil and gas sector

The oil and gas sector is currently being hit on two fronts: first, by the global impact of the coronavirus pandemic and secondly, by the fall in oil price. Following failed talks between Saudi Arabia [...]
Analysis

Electrifying the merchant fleet

The time for broad-brush references to alternative energy sources has passed. If shipping is to halve its greenhouse gas (GHG) emissions in line with the International Maritime Organization’s (IMO) target for 2050, owners need precise [...]
Analysis

May heralds even more disruption and uncertainty for petrochemicals

The impact of the coronavirus lockdowns on the oil, gas and chemicals industries’ integrated value chains is radically shifting relationships and profitability. It is also making planning virtually impossible, as BASF suggested last week. The [...]
Featured

Fundamental shift required to address the skills dilemma

Since being made redundant in the oil downturn in 1986, I have listened to energy company CEO’s extol the importance of their people, only to witness large-scale redundancies to cut costs whenever the commodity price [...]
Featured

Why autonomous drones are now crucial to business continuity

For companies that remain active and those that have temporarily shut down in light of the Coronavirus crisis, autonomous technology is playing a significant and growing role in maintaining business continuity. Business continuity refers to [...]
Featured

Instant, reliable battery power at all times

When North Sea Giant was delivered to her Norwegian owner, North Sea Shipping AS, in 2011, she was the world’s most advanced offshore construction vessel. After an upgrade including the installation of triple-redundant battery banks [...]
Featured

Ace Oil Tools delivers savings in a close tolerance application through the use of the Ace Ratchet Collar

In all downhole applications, the secure placement of tools and accessories on the outside of the casing or completion string is a critical factor. On average, it is estimated that 50 centralizer tools typically need [...]
Featured

DeltaTek: Saving rig time and optimising drilling operations in the North Sea

Contending with remote and harsh environmental conditions, the challenges presented during offshore drilling can be significant and result in increased rig time and costs. To overcome these challenges, operators are looking for innovative solutions which [...]
Featured

Buildings: The decarbonisation elephant in the room

Say the word “decarbonisation” and most people will conjure mental images of solar panels, wind turbines and shiny new electric cars. However, the chances are they aren’t putting much thought into the house the solar [...]
Analysis

Meston Reid & Co: What are the options for business?

We know things can change quickly in the world of business, but this is altogether new territory companies across the north-east. Not only do they have to respond to the severe – and continuing – [...]
Analysis

Lower for longer

The global chemical sector should prepare for an extended downturn along with lower-for-longer oil prices, both of which will have big implications for profitability and investments. “It’s very possible that Q3 could have negative GDP [...]
Featured

Falcon flies high

2020 sees the Falcon flying high as the top-selling and most successful electric underwater robotic vehicle in Saab Seaeye’s 34-year history. Launched nearly 20 years ago, its visionary future-flexible design has kept the pioneering concept [...]
Analysis

Making the transition with CCS: Sentinel Subsea’s SWIFT to ensure successful storage of captured carbon

Fossil fuels are the backbone of many global economies and, at time of writing, supply 80% of the world’s energy. However, extensive carbon dioxide (CO2) emissions released by burning fossil fuels are widely believed to [...]
Analysis

Chemical and oil companies to slash capex, slowing investment wave

In the wake of the coronavirus and collapse in crude oil prices, chemical, and oil and gas, and midstream companies will all slash capital spending (capex) for growth projects to preserve cash. As a result, [...]
Analysis

Why offshore suppliers must embrace the renewables shift

Times are changing in the offshore market. The global charge towards decarbonisation, fuelled by growing public environmental consciousness, is driving yet further change in our energy mix. Governments and large energy companies alike are pouring [...]
Featured

Northern Lights show the way to seaborne CCS solutions

Recent high-level reports have tagged carbon capture and storage (CCS) as critical for achieving the UN’s global emissions reduction goals, with the maritime transport of CO2 emerging as an essential link in the decarbonisation chain. [...]
Featured

Ground-breaking Hull Skating Solutions: A revolution in proactive hull cleaning

Jotun has developed a revolutionary, proactive cleaning solution for the most challenging operations. Jotun Hull Skating Solutions (HSS) offers high performance antifouling, proactive condition monitoring, inspection and proactive cleaning, high end technical service, and performance [...]
Analysis

Autonomous technology can mitigate the business impact of the coronavirus

The coronavirus has exposed the soft underbelly of critical infrastructure and industrial sites worldwide – workforce availability. As more and more companies implement business continuity plans to deal with the outbreak, fewer and fewer employees [...]
Analysis

Crude collapse to crush US petchem advantage

The collapse in crude oil prices is wiping out much of the US petrochemical competitive advantage while global demand is being slammed by the continuing spread of the coronavirus. Financial markets are seizing up, throwing [...]
Featured

Trending to the future: DNV GL’s ‘Technology Outlook 2030’

How will the world look in 2030? A recently released report from DNV GL, Technology Outlook 2030, strives to bring focus to how the next decade will play out from a technology perspective. Examining trends [...]
Featured

IEA aims to close the gap between energy and climate goals

Earlier this month, the International Energy Agency (IEA) hosted ministers and high-level representatives from COP host countries to discuss how the energy sector can work to meet climate and other sustainability goals. As part of [...]
Featured

NCS petroleum resources remain steady

This week, a report from the Norwegian Petroleum Directorate (NPD) estimated that, as of 31 December 2019, the total proven and unproven petroleum resources on the Norwegian Continental Shelf (NCS) were approximately 15.7 billion standard [...]
Featured

Wind ships ahead

Wind has never been entirely dead. But now that we have realised the ecological consequences of burning fossil fuels, and IMO has imposed binding international emission restrictions, wind-assisted shipping is attracting attention again. Two French [...]
Featured

Oil and gas industry aims at ‘net zero’

In a recent commentary, Sara Budinis, Energy Analyst with the International Energy Agency (IEA), defines “net zero” or “carbon neutrality” saying, “…that any CO2 released into the atmosphere from human activity is balanced by an [...]
Analysis

Subsea companies may face bigger challenges in upturn than downturn

Richard Pugh, Investor at equity investor BGF, discusses why an upturn in the subsea sector may not be plain sailing and outlines why is it crucial to get your funding ducks in a row from [...]
Featured

Baker Hughes’ Energy Forward: transformational technologies

Day two of Baker Hughes’ annual meeting in Florence, Italy, explored a number of technologies that are already transforming how the oil and gas industry is moving into the future. First off was Tom Siebel, [...]
Featured

Baker Hughes on the path to net-zero carbon emissions

In what’s become a February tradition, Baker Hughes held its annual meeting – AM2020 – in Florence, Italy, examining the latest industry topics and issues. The meeting’s first day took up the oil and gas [...]
Featured

Driving efficiencies in P&A operations

Influenced by statutory obligations and responsible asset stewardship, well decommissioning is the inevitable end stage of a producing field. It is becoming increasingly common now many assets are reaching the end of their productive lives, [...]
Featured

The oil and gas industry’s place in the energy transition

The recent oil and gas industry report from the International Energy Agency (IEA), The Oil and Gas Industry in Energy Transitions – Insights from IEA analysis, includes a strong argument for how the industry needs [...]
Featured

Keeping the grid in balance with SVC Plus

With the growing amount of renewable energy along with burgeoning distributed generation, the modern-day power grid faces many challenges. One challenge is that under current network codes distributed generation sources are not required to supply [...]
Featured

Composite materials technology moves flexible pipe into the 21st century

Conventional flexible pipe – designed for use in applications such as floating production systems – consists of multiple layers of polymer tubes and wound steel helices. A part of the Baker Hughes’ wider Subsea Connect [...]
Analysis

A new offshore investment cycle is in the making

In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and tell-tale signs have emerged that we are entering a new offshore investment cycle. This trend was [...]
Featured

The use of composite pipes to enhance production in the North Sea

Traditionally, oil and gas pipelines are constructed from carbon steel as it is generally low cost and widely available. However, carbon steel has several inherent disadvantages, including corrosion, fatigue and weight. According to research, an [...]
Analysis

Global chemical supply, demand threatened by Middle East escalation

Military action leading to closure of the Strait of Hormuz between Iran and Saudi Arabia could seriously disrupt global trade in chemicals and oil products, with a knock-on effect for the world’s already fragile manufacturing [...]
Analysis

Europe dominates LNG import story in 2019

Global LNG production jumped in 2019, triggering oversupply and low prices that are expected to persist in 2020. Initial full-year data from LNG Edge shows exports at 355 million tonnes in 2019, up from 314.9 [...]
Featured

UN Climate Change Conference – closing with cautious optimism

During the closing plenary of COP 25 in Madrid, the statement by Norway’s Minister of Climate and Environment, Ola Elvestuen, struck a cautiously positive note, pointing out that including Norway, 80 countries pledged to step [...]
Featured

Collaboration, creativity and commercial partnerships – the new upstream triumvirate

How industry partnership models mark a new era for extending life of field. […]
Featured

The factory of the future; the new generation of subsea is here

Subsea technology is a part of our industry experiencing huge advancements, largely due to the need for infrastructure and equipment that can cope with the increasing challenges of mature basins, ever deepening water and ever [...]
Featured

Teekay achieves Oslo Børs green bond listing

At the beginning of 2015, Norway’s Oslo Børs was the first stock exchange to create a separate listing for green bonds in order to raise green investment awareness. Proceeds from green bond listing on the [...]
Featured

Norway at COP 25: “We must act immediately”

Taking place in Madrid, under the Presidency of the Government of Chile with logistical support from Spain, this year’s UN Climate Change Conference – COP 25 – is now underway and running through 13 December. [...]
Featured

Extremely compact, maintenance-free: innovative flow control technology

As an innovative developer of pressure and flow control equipment, Oxford Flow can trace its engineering roots to jet turbine research, when the company’s CTO, Professor Tom Povey worked to develop a pressure regulator that [...]
Analysis

We need a rebellion against bio-fouling extinction

Tor Østervold, CEO of ECOsubsea, believes we’ve had our sights set on the wrong target when it comes to tackling the threats posed to marine biodiversity. Invasive organisms are now accepted as the main drivers [...]
Featured

Subsea Connect: lower costs, improve productivity, increase yield

When it comes to oilfield development expertise and products, Baker Hughes, which offers both services and equipment, spans the entire life of a field – from concept to commissioning and production. The Baker Hughes’ Subsea [...]
Featured

The reality of snakebites – time is tissue

With at least 600,000 people worldwide killed or permanently disabled each year, snakebites are the biggest public health crisis that no one has heard of. For projects in Africa, Asia and Latin America, the oil [...]
Featured

Green CCS

Recall biology class, where we learned that growing vegetation – photosynthesis – makes use of atmospheric carbon dioxide and releases, among other things, oxygen – and that we animals use oxygen and exhale carbon dioxide. [...]
Featured

Majors weigh in on the energy transition

Publications released this week by Total and Eni highlight the ongoing energy transition and renewable energy sector. Both publications focus on lower carbon energy sources, in particular the use of natural gas rather than coal [...]
Featured

Offshore wind: near limitless potential

Last week, in the run-up to its annual World Energy Outlook 2019, the International Energy Agency (IEA) released an excerpt – Offshore Wind Outlook 2019. The WEO excerpt offers a comprehensive look at the offshore [...]

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