energy management

Greece, Israel, US, Cyprus to boost energy cooperation

Greece, Israel, Cyprus and the US agreed to boost cooperation in energy, as well as cyber and infrastructure security, Greek Energy Minister Kostis Hatzidakis said, following a meeting among the ministers of the four countries in Athens, Wednesday.

Natural gas discoveries in the Eastern Mediterranean have risen as a major opportunity for alternative energy resources in Europe in the last years, but also a great area of dispute between neighbors jostling for rights over resources.

Regional...

https://safety4sea.com/greece-israel-us-cyprus-to-boost-energy-cooperation/

Australia seeks to buy emergency oil supplies from the US

In a bid to boost Australia’s alarmingly low domestic fuel stocks, the Australian government is negotiating with the Trump administration to buy millions of barrels of oil from the US’ tightly guarded fuel reserve.

“The Government has undertaken this new initiative since the election to ensure that we continue to deliver increased security for Australians,” Energy Minister Angus Taylor was quoted as saying to The Sydney Morning Herald.

This follows the publication of a report by the Maritime...

https://safety4sea.com/australia-seeks-to-buy-emergency-oil-supplies-from-the-us/

Uniper, partners plan first green hydrogen cavern in Germany

Germany-based energy supplier Uniper announced a project along with its consortium partners to build an electrolysis plant starting from 2020 in the central German chemical triangle that will produce green hydrogen with a capacity of up to 35 megawatts. This would be the first hydrogen cavern in continental Europe and the first such facility in the world for storing green hydrogen, or hydrogen generated from renewable electricity.

The consortium, comprising Uniper, VNG Gasspeicher GmbH (VGS),...

https://safety4sea.com/uniper-partners-plan-first-green-hydrogen-cavern-in-germany/

New paper discusses hydrogen in electricity value chain

Hydrogen production is often presented as the default option for using surplus electricity from renewable generation. However, there is an investment merit order for coping with surplus electricity, said DNV GL in a new paper, highlighting that hydrogen is expected to play a significant role in the future European energy system, both inside and outside the electricity value chain.

As explained, renewable energy sources like solar-PV and wind, as well as the electrification of heating demand,...

https://safety4sea.com/new-paper-discusses-hydrogen-in-electricity-value-chain/

UK invests in energy weapons for the Royal Navy

The UK Ministry of Defence announced investment in the development of advanced energy weapons, known as Directed Energy Weapons (DEW), which are powered solely by electricity and operate without ammunition. The systems could be fueled by a vehicle’s engine or a generator, significantly reducing their operating costs and providing flexibility.

This comes only a few days after the Ministry announced it was seeking to develop three new DEW demonstrators to explore the potential of the technology...

https://safety4sea.com/uk-invests-in-energy-weapons-for-the-royal-navy/

Ireland rejects offshore exploration ban

The Government of Ireland decided not to proceed with the Climate Emergency Bill and allow oil and gas exploration to continue, which is an important step to ensure energy security and create jobs, according to the Irish Offshore Operators’ Association (IOOA).

The representative organisation for the Irish offshore oil and gas industry says this decision has paved the way for finds similar to the Kinsale and Corrib gas fields which currently supply 60% of gas to Irish homes and businesses.

Governme...

https://safety4sea.com/ireland-rejects-offshore-exploration-ban/

IEA: Global energy investment stabilised after three years

Global energy investment stabilised in 2018, totaling more than USD 1.8 trillion and ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review.

The findings of the World Energy Investment 2019 report signal a growing mismatch between current trends and the paths to meeting the Paris Agreement and other sustainable...

https://safety4sea.com/iea-global-energy-investment-stabilised-after-three-years/

IEA: No disruptions to oil supplies by geopolitical tensions so far

In its annual World Energy Investment report, IEA said that geopolitics and industry disruptions in Libya, Iran, Venezuela, Fujairah, and Saudi Arabia confused the supply outlook and marked the first change to its 2019 demand outlook for several months. However, there is no disruption to oil supplies and prices are little changed.

Despite the difficult geopolitical backdrop and other supply problems, headline oil prices are little changed from a month ago at just above $70/bbl for Brent.

In the...

https://safety4sea.com/iea-no-disruptions-to-oil-supplies-by-geopolitical-tensions-so-far/

Top 10 countries most ready for energy transition 2019

Sweden ranks at the top of the ten countries reported to be the most ready for energy transition, according to World Economic Forum’s Energy Transition Index (ETI), comparing the energy sectors of 115 countries and analyzing their readiness for energy transition. The index is included in the latest edition of WEF’s Fostering Effective Energy Transition report.

Namely, the document summarizes the findings from the second edition of the ETI, covering 40 indicators from 115 countries. Countries...

https://safety4sea.com/top-10-countries-most-ready-for-energy-transition-2019/

BP: CO2 emissions continue to rise up to 2040

In its new Energy Outlook for 2019 exploring global energy markets up until 2040, BP foresees that carbon emissions increase further, with the power sector the main source of emissions. In the ET scenario, CO2 emissions from energy use continue to edge up through much of the Outlook, increasing by around 7% by 2040.

The upward pressure on carbon emissions from continuing population growth and, most importantly, increasing prosperity in the developing world is largely offset by quickening gains...

https://safety4sea.com/bp-co2-emissions-continue-to-rise-up-to-2040/

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