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.
Saving the planet is a bit like picking fruit off a tree: It gets harder the farther up you climb. Across the developed world, measures to reduce the demand for energy are being pursued through saving and efficiency, carbon pricing and the phasing out of oil and coal power stations in favour of cleaner gas and renewable power. Cleaner fuel requirements for ocean-going shipping will soon become mandatory, and governments are subsidizing the sale of electric vehicles.
Engineering and Technology
The fact is many of the world’s most famous scientists and innovators like Marie Sklodowska Curie, Copernicus, Einstein, Rosalind Franklin etc., made many of their innovations under the age of 35. However, for some innovators the passion for innovation continued throughout their life, for instance, Thomas Edison, Tim Berners-Lee and Leonardo da Vinci etc.
Changing the use of robots in the energy sector
The increasing usage of AI is changing how the energy sector uses robots to manage, monitor and protect their installations. For a start, we are seeing the use of AI equipped robot to aid staff in the way they do their job. Also, such robots are replacing staff in dangerous locations like the deep sea.
Marine Engineering and Offshore Technology
Could batteries be a viable option?
It is increasingly commonplace to see electrified transport onshore in many forms including cars, buses, and trains. Now we are seeing attempts to electrify shipping in the fight against climate change. However, efforts by innovators to electrify shipping as an alternative energy source to heavy fuel oil for power ships engines has only just begun.
The Maersk Triple E
The Danish shipping giant Maersk has just placed into service the 31st of its Triple E class vessels in January 2019. South Korea’s Daewoo has been constructing this fleet of giant container vessels with a carrying capacity of 18,000 TEU, since the first of this class came into service in 2013, the Mærsk Mc-Kinney Møller.
A look at Southampton port
Southampton is one of Britain’s major ports serving the English Midlands and South East. In European terms of volume of trade it ranks the 13th busiest container port in Europe, shifting 2,008 thousand TEUs (twenty-foot equivalent unit) in 2017. The ongoing dredging policy ensures vessels of 15.5 metres, means most ships can access the port.
The need for bigger offshore construction vessels
How do you install an offshore wind installation, almost as tall as the Eiffel Tower at sea? The answer is to hire an offshore wind construction vessel with a deck space the size of a football field and a crane that can lift the weight of 1,000 Teslas. Unfortunately for the industry, there is a shortage of suitably and equipped vessels.
The Bournemouth Hilton is a nice modern and family-friendly hotel, with modern décor with a 1930s understated theme. Just 5 minutes’ walk from the city center or beach. The Hilton hotel has an open plan restaurant, bar and rooftop nightclub, which attracts a mix of clients from local premier league footballers, business people and weekenders. When celebrity events are on don’t be surprised by the expensive range of sports cars parked outside the hotel including Porsches, Ferraris and Bentleys and the well-spoken security staff on patrol throughout this hi-tech hotel.
Pipeline and Gas Journal
A report published by Global Energy Monitor cautions that upbeat building spree of US oil and gas pipeline systems may stand on a frail financial fundament, which could see previous turmoil return while bearing considerable risk for investors’ rate-of-return as climate-change consciousness and regulation is expected to increase pressure on fossil fuels.
The US said it won’t extend the sanctions waivers for eight countries importing crude oil from Iran, mostly of medium-sour and heavy-sour quality crude. The move could remove around 1.1 million barrels per day from the market. As a result, Iranian exports are likely to decline further. In Rystad Energy forecasts that production will drop to 2.27 million bpd for the second half of 2019, reaching this level by July 2019, which equates to a drop of 0.43 million barrels per day (bpd) from March 2019 levels.
Public Cost of North Sea Decommissioning
The discovery and production of 44 billion barrels of oil and gas in the UK’s North Sea since the 1960 s has left the industry with the need to decommission 320 fixed installations, 3,000 pipelines and 5,000 wells at a cost, estimated by the UK’s Oil and Gas Authority , of between £ 45 and £77 billion. Taking the mid-way estimate of £ 58.3 billion, the House of Commons Public Accounts Committee report, March 2019 accepts HMRC’s calculation that £ 24 billion would fall to the tax payer through tax reliefs.
Has the oil glut disappeared?
It would seem from the IEA’s May Oil Market Report that geopolitical issues and industry disruptions are confusing the market. Ongoing production problems in Libya, alongside OPEC + production cuts and upcoming US sanctions on Iran, as well as lower than expected output in Mexico, have raised fears of a supply crunch. In addition, attacks by pirates or terrorists, on shipping near the UAE port of Fujairah and the pumping stations of a Saudi oil pipeline, have unsettled traders.
US oil: Occidental’s $38 billion gamble on finding value in shale
Occidental Petroleum, ranked 167 in Fortune 500, 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 11th biggest ever, for an energy and power company, according to business data provider Refinitiv.
Mexico’s oil and gas prospects
In 2004, Mexico produced a hefty 3.4 million barrels a day of crude. Last December, output averaged just 1.71 million barrels per day (bpd). Government capture of Mexico’s oil and gas industry has depleted the ability of Pemex to arrest, let alone reverse, the decline in output. Today, Pemex is highly indebted and a shadow of its former self. Added to which, Mexico’s antipathy towards foreign participation has denied it access to foreign capital, technical expertise and the technology needed to capitalise on its deep water oil and gas fields in the Mexican Gulf.
Global discoveries on the rise as majors take a bigger bite
Oil and gas exploration is off to an explosive start in 2019, with such majors as BP, Eni and Exxon Mobil taking a bigger bite of the conventional resources discovered in the first quarter, according to a new report by Norwegian research firm Rystad Energy.
At the end of the first quarter global discoveries of conventional resources reached 3.2 billion barrels of oil equivalent (boe). Most of the gains were recorded in February, announcing some 2.2 billion barrels of newly discovered resources – the best monthly total on record since August 2015.
Troubled times face America’s pipelines
A report published by Global Energy Monitor cautions that upbeat building spree of US oil and gas pipeline systems may stand on a frail financial fundament, which could see previous turmoil return while bearing considerable risk for investors’ rate-of-return as climate-change consciousness and regulation is expected to increase pressure on fossil fuels. o