M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn
Demand is insufficient to absorb rising global supplies of this super-cold fossil fuel.
Here are a list of some of the upcoming maritime industry related events, conferences and trade shows occurring in the coming months: March Oceanology International 2020 Tue 17 Mar – Thu 19 Mar ExCeL London Royal Victoria Dock, 1 Western Gateway, London April Autonomous Ships Symposium Wed 1 Apr – […]
With global oil discoveries at some 1.73 trillion barrels, according to BP’s Statistical Review of World Energy [viii] and annual oil production running at 94.7 million barrels per day, the world has enough oil for at least another half century. At the same time new discoveries and new oil producers are further weakening OPEC’s ability to influence the global oil market.[ix]
The Strait of Hormuz is a narrow waterway, which links the Persian Gulf with the Sea of Oman, and is a strategic channel for Middle Eastern oil and LNG exports. In 2018, one third of the world’s traded oil and a quarter of liquefied natural gas (LNG) passed through the […]
Decommissioning to cost Indonesian oil and gas sector billions of dollars
Today, a growing number of cruise operators are upgrading and refurbishing their ships, instead of building new ships. In its annual “Cruise Lines Outlook,” UBS Group Aktiengesellschaft (AG) estimates that by 2020, at least 12 percent of global capacity will be 25 years old or older, and about 5 percent […]
Here are a few examples of some of the business content work Nicholas Newman at www.nicnewmanoxford.com completed for various clients worldwide during January 2020. For further information about my work contact me at firstname.lastname@example.org
Because of SeaData’s performance, in July 2018, the Port of Gdansk signed a contract with SeaData for its pollution monitoring and analysis services.
According to a new study from Rystad Energy, the UK led the world in cutting the cost of its offshore oil and gas production.
Once the Power of Siberia pipeline reaches its full capacity in 2025, China will become Russia’s largest buyer of natural gas, displacing Germany. Ultimately, the pipeline could connect production and demand centers to the east and west and enable Russia to export gas to ice-free LNG ports on Russia’s Pacific Coast. The geopolitical significance of the Power
of Siberia pipeline is not to be underestimated
One thing is certain the market for small scale LNG carriers is expected to grow.
Singapore is one of the world’s leading ports and bunkering hubs; the Maritime & Port Authority of Singapore (MPA) recorded 4.005 million metric tonnes (MT) of marine fuel sales during October 2019. The port authority has announced several measures to prepare the port to be able to supply IMO 2020 […]
“Sustainability is higher than ever on the business agenda,” states Juliette Sanders, head of media at Ørsted, and it now makes business sense.
It is expected that many of the gas discoveries will help displace oil as a source of more sustainable fuel in the regional mix.
Current market conditions are resulting in many US fracking projects failing to break even.
Oil companies are recruiting a different type of worker and in larger numbers.
Some industry insiders have doubts about whether there is sufficient contractor capacity to deal with the expected volume of business.
Here is a list of some of the work completed for a range of clients worldwide, in various formats including advertorials, analysis, blogs, features and reports. To find out more contact www.nicnewmanoxford.com
Even if all OPEC members and Russia were to comply 100 percent, global oil inventories could still rise by 700,000 b/d in 1Q 2020.
Europe’s Gas Distribution in Need of Evolution
Thanks to the shale oil revolution, for the first time since the 1940s, the United States exported more oil than it imported last September. In that month, U.S. exports of crude oil and refined products exceeded imports by 89,000 barrels a day, according to EIA statistics. This marks a significant […]
Increasing interest in offshore drilling owes much to the industry’s success in reducing costs by between 30-40 percent and increasing productivity.
2020 is expected to be another record year for the region with average production above 1.9 million barrels per day.
The global market for Floating Production, Storage and Offloading vessels is headed for a major recovery.
We wish you and your loved ones a very Happy Christmas and New Year! Thank you for a marvellous year (and decade!) and for being part of our community. Our offices will be closed for the Christmas and New Year break from 25 December 2019 until 2 January 2020.
Faced with a forecast decline in the global upstream service market in 2020 and only modest growth of 3 percent for the four-year period from 2019 to 2022, logic suggests that long-term growth in clean energy, particularly in fast-growing Asian-Pacific markets, offers the path towards growth.
Thank you for a marvellous year (and decade!) and for being part of our community. Our offices will be closed for the Christmas and New Year break from 25 December 2019 until 2 January 2020.
Thanks to coal, Poland has the second most polluted air after Bulgaria and more than 44,000 premature deaths a year have been attributed to smog in Gdansk, Krakow and Warsaw. In coming decades, the challenge for Poland will be to reduce coal’s share in electricity generation from around 80% to zero by 2040. A combination of […]
Many of Indonesia’s oil and gas fields, both on and offshore, are coming to the end of their commercially viable operational lifespan. More than 60% of Indonesia’s oil and more than 30% of gas production comes from late-life-cycle resources spread across the world’s largest island country. Despite investment and use […]
A list of some of the consulting, journalism and public relations work completed for various clients in the month of November 2019 for various clients Business Development ABB Power Grids Met with Rebecca Bleasdale Head of External Communications & Content at ABB Power Grids To discuss the evolution of the […]
This page lists some of the work in a range of formats completed for various clients in the past month.
The remoteness and length of the pipeline’s route, combined with the sheer quantities of material to be transported, make this an engineering and logistical triumph.
Future expansion depends on access to capital, high-end tech from foreign investors and big oil companies with deepwater and pre-salt expertise.
There are a number of interrelated drivers behind the worldwide demand for crude.
“Now its game over. How many one-offs do we still have as China’s demand is lagging?” asks Huber.
What effect will Trump’s tariffs have on US LNG exporters in particular and LNG trade?
Ultimately a mixture of fiscal and technological carrots and sticks will be needed to ensure the UK meets its net-zero targets. On the demand side this would mean the end to all new airports expansions and major funding in building energy efficiency. On the supply side much to some environmentalists concerns serious investment in a new fleet of mini nuclear power plants, together with major government backing in carbon capture and storage technologies, including the turning of redundant oil and gas fields in carbon sinks.
Fracking could give Colombia’s oil industry a new lease on life.
Climate anxiety is the driver for oil and gas companies turning themselves greener.
Offshore operators in the Asia-Pacific region could face a total decommissioning bill of over $100 billion.
In sum, the electrification of maritime vessels is at the infant industry stage. Because of the current limitations of battery technology, all- electric vessels are limited to short journeys between recharge points. So for operators of long distance voyages, the medium-term future is hybrid where batteries work with fossil fuels. But to reach net zero emissions in thirty years’ time, electrification could well be the answer and this requires further advances in technology.
List of various interesting conferences and events taking place worldwide in the coming months in a range of cities including Amsterdam, Cambridge, London, Oxford, New York, Sydney, Singapore and Toronto.
List of some of the leading maritime industry conferences, courses and exhibitions in the coming months
A look at the important maritime sector networking events occurring in the coming months in 2020.
The demise of Dutch gas production will make the Benelux region more dependent on imported gas and foreign LNG.
Here below are a few brief examples of the work completed for a range of corporate clients and business publications. To find out more contact Nicholas Newman at email@example.com for further information of the services and expertise available to customers. Eniday The 6 trends shaping Southeast Asia’s clean energy sector […]
A book review Over the years there have been many books about some of the failures, successes and near misses in the development of Africa’s energy sector. This book by NJ Ayek looks at some of the reasons behind Africa’s energy sector evolution. Like many previous writers have said bringing […]
Fortunately for the taxpayer, London based firm Quatre Ltd provides a financial solution. Its Environment Trust (ET), will if adopted by the government, protects both the taxpayer and landowner from the possible decommissioning risks should an operator become bankrupt.
The new tools gather information that companies like oil companies like Norway’s Equinor, Germany’s Wintershall and Anglo-Dutch-owned Shell, plus the Norwegian state-owned pipeline operator Gassco can use to optimise its maintenance plans, while inspection robots can replace time-consuming and costly inspections by humans and cut downtime for certain plant assets.
Changes have revived interest in deepwater projects and enabled new ones in regions including the North Sea, the Gulf of Mexico and China Seas.
Here is a list of some of the leading oil and gas conferences in the coming months around the world.
Last time crude prices crashed, E&P companies cut operations and investment, with knock-on effects on oilfield service contractors, many of whom reduced headcount, went bankrupt or merged. Once again, history is repeating itself. Baker Hughes September U.S. rig count saw just 898 active rigs, a reduction of 150 from this […]
The oil and gas industry needs a decommissioning strategy to help meet the UK’s Paris Accord commitments and the net zero carbon emissions by 2050 target, as the country moves ahead in its energy transition. Decommissioning is only one strand of the oil and gas sector’s efforts to reduce their carbon footprint and, at the same time, is an essential requirement to ensure continuing investor and government support in new North Sea projects.
This trade war has slowed demand for oil in China, but also in Europe and America itself.
Water jets are no longer used just for thrill-seeking jet-skiers. Now larger boats in a variety of applications are using the technology for propulsion – so what’s powering the trend? The first thing that may come to mind when you think of water-jet propulsion is the jet skis that are […]
Saudi Arabia’s Abqaiq plant has restarted and is now processing about 2 million barrels a day, restoring just under half the output lost after the facility was damaged in an attack.
Productivity gains have caused record production, falling prices and a year-long decline in drilling and well completions.
Here below is a list of some of the freelance journalism work covering a range of topics including energy, industrial, environmental and technology topics, I have completed for various clients worldwide during the month of September 2019. In addition, I list briefly some of the corporate communications, marketing, networking and public relations work I have done for client. To find out more what I can do for your business https://www.nicnewmanoxford.com/contact/
Attended WE Communications press networking event at Bar Soho, 23-25 Old Compton St, Soho, London W1D 5JL. For a useful session with account managers about possible business opportunities.
Despite the many advances in the electrification of Africa, much of the continent has yet to be connected to the grid or have access to reliable and affordable power supplies. According to World Bank figures, Africa’s electrification rate is just 42%.
We meet six young innovators who are leading the way in using their skills and talent to shape the future of technology. America’s Microsoft, Google, Apple, Facebook and Amazon, as well as China’s Alibaba and Tencent, have touched the lives of countless millions. Hard on the heels of these titans of the […]
Fossil fuels are facing an uncertain future. In response, Europe’s big oil companies including Shell, BP and Total are venturing into the production, distribution and sale of electricity to industrial, residential and transport markets, in direct competition with traditional multinational utilities such as Enel, Iberola and RWE. This diversification, though […]
Certainly, the yearly Jan Kiepura Festival is a good way to enjoy the best of Europe’s cultural musical heritage, whilst enjoying the best of Polish health spas and mountains. But be prepared for the open air concerts to bring a rain coat or umbrella.
This is a brief list of some of the work completed for various clients in a variety of formats, during the past month. Contact me at firstname.lastname@example.org Engineering Pro Why Big oil is buying into clean energy The writing is on the wall for fossil fuels. In response, Europe’s big […]
As a world leader in offshore wind and deep sea oil exploration and field development, there is a global demand for UK energy-sector equipment, staff and training, consultancy services. For current and new exporters, contracts can vary between just a few thousand pounds to many millions.
In sum, some industry experts expect to see a continued slowdown in new well investment as the industry conserves cash and waits for the bottlenecks to be eased. More bankruptcies are to be expected, especially among smaller players, who are most reliant on attracting new investment to stay in business.
Meanwhile, many industry experts are wondering just how competitive the new output from this investment in the Marjan and Berri oilfields will be, as compared to American shale oil.
This is a brief list of some of the work completed for various clients in a variety of formats, during the past month. In July I covered a wide range of topics including developments in the oil and gas business, maritime sector including use of hydrojets, global environment, power generation including renewables, the application of industrial internet of things, constuction challenges and bunkering logistics. In addition, I visited and reviewed the current exhibition at Oxford’s Ashmoleum Museum. Plus produced a briefing on Italian utility Enel. Contact me to find out more email@example.com
It is likely that any further production cuts by OPEC and Russia to maintain prices will be harder to implement if all it does is boost American oil producer’s profit margins and encourage greater investment in well drilling and completions.
Most people would be surprised to learn that the earth is now greener than the 1980s.
Today, the market for oil field services and products is ever more competitive. It has been forecast by MarketsandMarkets that the global oil fields services market is growing at some 5% and is expected to be worth at least $144.36 Billion by 2020.
With gas having overtaken coal in the power segment, along with burgeoning supplies of oil, producers need new pipelines to carry the growing surplus to the coast for export to markets in Asia, Europe and Mexico. In this scenario, oil and gas producers, pipeline investors and operators are confident North America can rely on growing demand from Asian markets in the coming years.
Owing to a combination of legal and policy restraints, as well as vociferous environmental objections, it is becoming increasingly difficult to gain approval from both federal and state bodies for new gas pipeline construction. For example, California, Washington and New England have proactive energy and environmental policies to encourage renewables, energy efficiency and energy storage, all at the expense of fossil fuels including natural gas generation.
Still on the horizon lie developments in quantum computing, which will enable the robots of the future to be enhanced to become autonomous decision makers, capable of ensuring the smooth running of operations and maintenance.
According to Jonas Pagh Jensen of Siemens Gamesa Renewable Energy, which produces wind turbines and constructs wind farms, said, “Every customer is obliged to make a plan [for] what they intend to do in 20-25 years’ time when the turbine is expected to come down.”
Recycling and bio-plastics are set to impact the future of global oil and gas demand.
Here is a list of some of the work Nicholas Newman has done in various formats including blogs, editorials, comment, columns and features completed for various clients in the month of June.
Technological change and consumer behaviour are driving retailers to introduce on-site power generation to control bills, and improve their heating, cooling, lighting and air quality, reports Nick Newman.
Even with funding based on a thorough engineering definition, operators could still see a cumulative $111-billion cost overrun.
The summit was a business forum based on the dual themes of business engagement and thought leadership from some informed speakers in this sector.
These transformative technologies are still in their infancy of general application but will, in coming years, spread from the laboratory to workplaces, homes and space as did those inaugurated by Apollo.
The growth in LNG production will depend on the availability of capital for construction of gasification export facilities and associated infrastructure alongside Asia’s rate of economic development and change towards a world of less carbon to combat global warming.
In sum, for the region’s gas exporters, on the one hand exports of LNG though costlier to transport, offer greater market flexibility and security than piped supplies. For gas importers, if local political tensions are resolved, piped natural gas is a very price competitive solution but LNG could still have a role in topping up supplies.
It is in the interest of both government and energy companies to bring some certainty into their liabilities and ability to pay.
The Grimaldi Group’s main focus is provision of maritime transport services including rolling cargo and containers between Northern Europe, the Mediterranean, the Baltic Sea, West Africa and Americas. It also offers passenger services within the Mediterranean and the Baltic Sea.
The global market for marine dynamic positioning technology is expected to increase from $1,594 million in 2015 to 2,127 million by 2022, according to Allied Market Research “Marine Dynamic Positioning System Market” report.
Geopolitical issues and industry disruptions are confusing the oil market.
An increasing number of ships are using water jets instead of propellers for moving vessels through water.
Occidental Petroleum, ranked 167 in Fortune 500, recently snatched victory from Chevron with a winning bid of $38 billion for one of the largest U.S. Independent oil and gas companies; Anadarko ranked just 237, making this the largest American oil and gas merger in more than a decade and the […]
Here is a list of some of the work I have completed for various clients worldwide during the past month. In addition, I met various clients involved in business development, consultation and planning efforts.
In reality, President Trump’s sanctions to stop Iranian crude exports are likely to be harder than envisaged and their success might lead to unanticipated crude price increases, which would be bad news for the world economy.
As for the future in the many trades that Southampton deals with including deep sea containerships and cruise liners, the vessels are getting bigger as vessel operators seeks to meet increasing demand and cut unit costs. Because of this port operators such as Southampton have to continue to develop and expand port capacity infrastructure to handle such mega vessels.
Whisky, the third largest industry in Scotland after energy and financial services, makes up around 70 per cent of the entire Scottish food and drink sector and is valued at £5bn a year. The whisky distilleries use a hierarchy of measures to cut their energy bills and earn additional income. Traditionally, distilleries have converted the waste grains (known as daff) from the malting process into pellets, a protein-rich cattle feed sold to local farmers.
This hotel is just 5 minutes from the local rail station with direct trains serving major cities including Southampton, London, Reading, Oxford and Birmingham.
For port operators, Maersk EEE vessels are proving a challenge having containers stacked 23 rows wide across the deck, whilst most existing ports are equipped with the current post-Panamax cranes with a 22-container row wide vessel reach.
Saving the planet is a bit like picking fruit off a tree: it gets harder the farther up you climb…
However, efforts by innovators to electrify shipping has only just begun. In a few months, for instance, we will see the first 100 percent electric barges operating in the inland waters serving the European ports of Antwerp, Amsterdam, and Rotterdam.
For investors, developers and operators of wind farms, considerable effort and costs are expended in finding a suitable site, gaining planning approval, purchasing its components and supervising its construction and commissioning… This feature looks at some of the issues involved in getting a commercial onshore wind farm fully commissioned and serving the […]
Once this project is complete, it should open new sources of competitive and secure natural gas to customers in these western Baltic countries. In addition, it will aid them in their transition to low carbon power generation in keeping with the Paris Accords.
North America’s shale boom is paralleled by the record pace of pipeline construction and now, a long pipeline of projects await a final investment decision. Pipeline Bubble, produced by Global Energy Monitor, now calculates that capital spending on proposed North American pipelines will reach $232.5 billion and raise global pipeline […]
American major ExxonMobil was the most successful, with three significant offshore discoveries accounting for over 38 percent of total discovered volumes in the first quarter of 2019.
Fancy security hardware and software alone will not be not enough to prevent cyber crime. Industry and corporate culture are also crucial to make sure that developers, operations staff and partners work harmoniously together to manage security in central enterprise applications and infrastructure, and in distributed/edge IoT-enabled ships and vessels.
Limiting global warming is dependent on a rapid transition away from fossil fuels. This in turn requires technological advance in renewable energy and electricity storage, strong government commitment, stable and transparent regulatory frameworks, and a business environment attractive to investment. Subsequent to the 2015 Paris Agreement, countries have committed to […]
Here is a list of some of the business work including energy and technology writing and public relations, I have done for a variety of corporate and media clients worldwide. For more about my work and services ring me in the UK 01865 762710 or from outside the UK on […]
Colorado School of Mines suggests that by 2050, chemical industrial lasers could perhaps replace conventional drilling solutions.
It has been estimated by the EIA, that the US has some 2,000 GW of offshore generating capacity to exploit. This is roughly double current demands for power in the US. Much of this clean energy resource is located near many major population centres such as New York, Los Angeles, […]
To all my business clients and friends
California’s ambitious energy efficiency targets and zero carbon generation targets by mid-century will provide new opportunities for disruptive technologies including large-scale energy storage, demand management, floating wind and gas power combined with carbon capture.
In the UK alone, corporate events are big business amounting to a staggering £18.1bn in 2017.
The German case for LNG import terminals rests on the need to increase the country’s gas imports as North Sea gas production declines.
In response to Fitch Group’s & Moody’s downgrade of Pemex’s credit rating to one notch above junk, Mexico’s government recently pledged a $3.9-billion capital injection and $200 million in tax relief, according to international media reports. This bailout package and the six-year business plan aims to help reverse Pemex’s credit […]
Here is a list of some of the work I have I completed for clients in the UK, Europe and worldwide in the energy, technology, robotics, culture, conference, regeneration, planning, property and transport businesses.
America became the fifth largest exporter of liquid natural gas in the world last year.
African LNG “will gain in importance, given its strategic location between the Atlantic and Pacific basins.”
LaPresse is today, Italy’s leading multimedia agency based in Milan, selected nicnewmanoxford.com to provide expert media content. La Presse produces news content in the form of texts, photographic images and videos, 7 days a week in real time, 365 days a year, and provides its contents to over 90% of […]
The industry is creating new business opportunities for IT, artificial intelligence, big data processing and analytics providers.
Since the oil price crash of the summer 2014, robots dedicated to either welding, drilling or inspection, but that are controlled by humans, have been widely adopted… Now, advances in artificial intelligence software and robotics research offer the prospect of freeing humans from dangerous and difficult tasks such as decommissioning nuclear plants and offshore oil and […]
The rise in offshore oil and gas production expected in 2019 and beyond is due in part to the coming onstream of new fields aided by technological advances, which have dramatically cut E&P costs.
For coal-producing countries like Poland, America, Germany and China, phasing out coal and transitioning to cleaner technologies bring fears of job losses and social consequences. However, recent experience belies that belief; the adoption of renewable energy has brought new jobs with better pay and conditions.
There is a growing worldwide opportunity to meet the needs of customers located beyond their country’s gas pipeline grid with virtual pipelines, or regular shipments of LNG or biogas by truck, train, or canal barge.
South Africa is a major mining and manufacturing country.