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Seven trends shaping the global energy market

Global demand for energy is set to continue to grow over the next two decades as prosperity increases and the world’s population rises. However, the mix of fuels used will change, driven by technological advances and environmental concerns, BP says.

Offshore wind industry growing in Taiwan

Siemens Gamesa Renewable Energy signed a MoU with Yeong Guan Energy Technology Group to collaborate on the development of an offshore wind supply chain in Taiwan. Currently, there are over 10 GW of projects under planning in Taiwan, which could make Taichung Harbor a regional hub for the offshore industry.

New York unveils US’ first offshore wind master plan

Governor of New York Andrew M. Cuomo released the New York State Offshore Wind Master Plan, which will guide the development of 2.4 gigawatts of offshore wind by 2030, enough to power up to 1.2 million homes with clean energy and support the creation of thousands of jobs.

EU takes strong stance against deep-sea mining

This proposal highlights the importance of applying the precautionary principle to the emerging deep-sea mining sector. It calls on the Commission and EU Member States to support an international moratorium on commercial deep-sea mining exploitation licences.

BOEM boosts flexibility for US offshore wind projects

In support of the “America First Energy Plan,” the US BOEM published draft guidelines for the use of a “Design Envelope” approach in Construction and Operations Plans for offshore wind energy facilities in the US.

Cargotec unveils sustainability goals for 2018

Finnish cargo handling company Cargotec has set sustainability targets for 2018, focusing on increasing safety awareness, setting a new sustainability standard for the supply chain, as well as increasing the usage of renewable electricity.

Renewable energy to antagonize fossil fuels by 2020

Renewable energy, such as bioenergy, geothermal and hydropower projects, has head-to-head on costs, with power from fossil fuels. A new report claims that renewable energy will be consistently cheaper than fossil fuels by 2020.

Giant all-electric Tesla ships set sail in 2018

Port-Liner is currently building the ‘Tesla ships; one more addition to the ongoing fuel transformation. The two giant all-electric barges will be ready by this autumn and will be inaugurated by sailing the Wilhelmina canal in the Netherlands.

Global gas demand to grow at 1.6% rate through to 2035

In its final editorial of peak oil demand series, Wood Mackenzie looks at the consequences of peak oil demand on gas, noting that it sees an 1.6% growth to 2035. As explained, many oil majors are talking about reshaping their supply portfolio towards gas, in response to concerns about peak oil demand.

Milford Haven port invests on renewable energy project

The Port has allocated £650,000 to kick start dockyard improvements with the aim to make Pembroke Dock a world class centre for marine energy research and development, fabrication, testing and deployment, in the area.

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