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BP Technology Outlook: Choices for a secure and sustainable energy future

 BP has issued ''BP Technology Outlook'' Report to show how technology can play a major role in meeting future energy challenges by widening energy resource choices, transforming the power sector, improving transport efficiency and helping to address climate concerns out to 2050.The BP Technology Outlook sets out how technological developments could shape and influence the way we identify sources of energy and extract, convert, store and ultimately consume them over the next 35 years.Since the 18th century, energy has helped to drive human and economic development, a process that continues today. This journey has been largely fuelled by fossil fuels – coal, oil and gas – providing heat, power and mobility for industry and consumers.  The past three decades have seen a surge in these trends, driven by demand from emerging economies, led by China and India. However, consuming all of the available fossil fuel resources would create greenhouse gas (GHG) emissions well above the threshold recommended by scientists. For the future, we need energy that is affordable, sustainable and secure.BP reports examines what technology can do in terms of access to primary energy resources, how it might change both the power and transport sectors, especially in the context of reducing ...

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LR issues Oil and Gas Technology Radar 2015

 Lloyd's Register (LR) has released a new study entitled ''Oil and Gas Technology Radar 2015'' revealing the need for greater collaboration, data analysis and cultural change to address the innovation challenges in oil and gas industry.The report finds that 47% of oil and gas executives say they have fallen short of their innovation goals in 2015 – a twofold increase since early 2014.It also reveals that 2/3 of respondents say they are under pressure to collaborate more with other organisations within the sector.The study points to the continuing challenges to innovating successfully, including collaboration, data collection and analysis and industry culture, highlighting the continuing need for innovation in the current industry environment and for the future sustainable development of the industry The oil and gas industry is undergoing a period of significant uncertainty”, said John Wishart, Group Energy Director, Lloyd’s Register. “The oil price slowdown is clearly impacting investment in innovation initiatives. However, our report finds that contrary to perceived wisdom, innovation has a crucial role to play in the current environment, where it creates operational efficiencies and is cost-effective.”“To innovate properly and achieve business goals companies must address a number of common challenges, including collaborating more openly, using data more ...

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ExxonMobil, University partner to advance biofuel research

 A new $1 million relationship between Michigan State University and ExxonMobil will expand research designed to progress the fundamental science required to advance algae-based fuels.David Kramer, MSU’s John Hannah Distinguished Professor in Photosynthesis and Bioenergetics at the MSU-DOE Plant and Research Laboratory, says that the overall goal of the partnership is to improve the efficiency of photosynthesis in microalgae to produce biofuels and bioproducts.“Photosynthesis is the biological process that plants and algae use to store solar energy in biomass. It is how all our food is made, and we would starve without it,” said Kramer, who is leading the grant with Ben Lucker with the PRL and Joe Weissman, Distinguished Scientific Associate at ExxonMobil.The key to bioenergy is the efficiency of photosynthesis, the process algae use to capture solar energy and the first step in converting the energy from the sun into a liquid fuel. Past research has shown that algae photosynthesis can be highly efficient under optimal conditions in the laboratory. Under realistic growth conditions however, this efficiency drops. There is a need to improve photosynthesis under simulated production environments.“Fortunately, nature has provided us with a great potential for improvement. There are many different strains of algae that have ...

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Rolls-Royce to lead autonomous ship research project

The Advanced Autonomous Waterborne Applications Initiative; designs for next generation ships Rolls-Royce is to lead a new 6.6 million project that could pave the way for autonomous ships. The Advanced Autonomous Waterborne Applications Initiative will produce the specification and preliminary designs for the next generation of advanced ship solutions.The project is funded by Tekes (Finnish Funding Agency for Technology and Innovation) and will bring together universities, ship designers, equipment manufacturers, and classification societies to explore the economic, social, legal, regulatory and technological factors which need to be addressed to make autonomous ships a reality.The project will run until the end of 2017 and will pave the way for solutions - designed to validate the project's research. The project will combine the expertise of some of Finland's top academic researchers from Tampere University of Technology; VTT Technical Research Centre of Finland Ltd; Åbo Akademi University; Aalto University; the University of Turku; and leading members of the maritime cluster including Rolls-Royce, NAPA, Deltamarin, DNV GL and Inmarsat.Rauli Hulkkonen, Tekes, Chief Advisor, said: "This project is a fantastic opportunity to establish the Finnish maritime cluster as the world leader in maritime remote control technology.Esa Jokioinen, Rolls-Royce, Head of Blue Ocean Team, said: "Rolls-Royce ...

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