March 2021
Published in Engineering
Global Energy Outlook 2021 - 2035
March 24, 2021

Global Energy Outlook 2021 - 2035

Rotterdam, 24/03/2021

Subject: Global Energy Outlook 2021 - 2035

What changes will bring the Covid-19 in the Energy Industry? The consumption of oil will decline in the coming years? What kind of energy will be dominant in the coming years? GEONABLACK research wants to try to answer this and other questions, with the consequent forecast of three possible scenarios regarding the Oil Consumption:

1. Significant decline of oil consumption over the next 15 years.

2. Oil demand peaks but doesn’t see a drastic drop over the next 15 years.

3. Peak oil consumption does not happen within the next 15 years.

GENOA BLACK ‘s research identifies seven key points:

1.Decarbonising still a core business objective. Both COVID-19 and political forces, are pushing increasingly to a limited oil consumption and to invest in clean energy, which is forecast to become cheaper and therefore, will be the clear choice over existing fossil fuel solutions.

2. Renewables to become cost competitive. Thanks to their increasingly competitive price and the use of clean energy, low carbon energy is destined to become fundamental in the future global economy.

3. Digitisation will be key.The COVID-19 has forced companies To abandon the old way of doing business, has broken down the barriers that hindered digitalization and has made the level of digitalization an important parameter to mark the difference between two competing companies.

4. Gas grows its share.Gas is the only fossil fuel which will grow its share of total energy demand until 2035 - albeit at declining growth rates.

5. Oil demand slows.An historical drop in oil demand is also expected, when it historically grows by 1% per year, and that this is clearly visible thanks to the fast uptake of renewable sources that are replacing technologies that for generations have been based on fossil fuels.

6. Electrification.There is a rapid increase in electricity as an energy source for common products such as vehicles, etc. and the production of electricity from renewable sources is the best candidate to support the electrification of products.

7. Pressure to consider consolidation.Different types of M&A markets will emerge from the COVID-19 crisis.

Check and download the complete research published by DNV GL on the following link: https://www.genoablack.com/wp-content/uploads/2021/01/GLOBAL-ENERGY-OUTLOOK-2021-2035_Genoa-Black.pdf

About Stephenson Academy

Stephenson Academy is the one-stop shop for all pipe and cable laying services. We are specialized in EPC (Engineering Procurement and Construction) solutions for Deck Mounted equipment and Subsea vehicles for pipe, umbilical, flex lay. Stephenson Academy offers the full project support services with bespoke solutions and detailed and interactive training courses, project construction offshore personnel, mobilization and commissioning support, consultancy services and engineering services in Offshore and Wind Energy. Stephenson Academy is an engaged and reliable partner that tackles challenges head-on. We provide our input from the design stage right through to the installation stage, ensuring that every project is delivered on time, on budget, safely and according to the most stringent quality demands.

Published in Maritime
SA OPERATIONS - Service provider
March 11, 2021

SA OPERATIONS - Service provider

Rotterdam, 11/03/2021

Subject: DISCOVER OUR PAYROLL SOLUTIONS

Did you know that with Stephenson Operations you can also take advantage of our Payroll solutions? By utilising our specialized payroll solutions, we can keep workers fully compliant with tax regulation, protect the worker’s status and help to maximise your take home pay.

STEPHENSON OPERATIONS provides the full spectrum of support for the most complex offshore operations and installations, with qualified motivated personnel to ensure a successful safe job.

We are fully organized to select and recruit highly skilled offshore technicians and operators for all type of pipe, cable lay and survey operations. Based in Rotterdam, our professionals are expert to provide personnel on a global level.

The excellent reputation of Stephenson Operations in the Oil & Gas and Renewable industry ensures the finest results for our Clients and Candidates.

With a personal approach , we provide our clients with industry knowledge, expertise, and insights in the process. We match the talent, skills, and ambition of our specialists to companies in our industries: employers find the professionals they need, meanwhile valuable specialists are given the opportunities they are looking for. Our services range from candidates search and selection, logistics, 24/7 assistance, to Payroll & Finance.

 

About Stephenson Academy

Stephenson Academy is the one-stop shop for all pipe and cable laying services. We are specialized in EPC (Engineering Procurement and Construction) solutions for Deck Mounted equipment and Subsea vehicles for pipe, umbilical, flex lay. Stephenson Academy offers the full project support services with bespoke solutions and detailed and interactive training courses, project construction offshore personnel, mobilization and commissioning support, consultancy services and engineering services in Offshore and Wind Energy. Stephenson Academy is an engaged and reliable partner that tackles challenges head-on. We provide our input from the design stage right through to the installation stage, ensuring that every project is delivered on time, on budget, safely and according to the most stringent quality demands.

Published in Maritime
Qatar confirms in 2020  its leadership in LNG exports
March 03, 2021

Qatar confirms in 2020 its leadership in LNG exports

Rotterdam, 03/03/2021

Subject: Qatar confirms in 2020 its leadership in LNG exports

The Liquid Natural Gas (LNG) is defined by the standard UNI EN ISO 14532 as "A complex mixture of hydrocarbons composed primarily of methane, but which generally includes significantly less ethane, propane and higher hydrocarbons and non-combustible gases such as nitrogen and carbon dioxide". This means that natural gas is not synonymous with methane but has much of its chemical-physical characteristics.

In 2020, Qatar confirmed its position as the world’s leading exporter of LNG, with Australia, however, closing the gap and undermining the supremacy, despite the global market has slowed significantly due to the coronavirus pandemic. According to Refinitiv, during the 2020 global commerce of liquified natural as has regarded a total volume of 362 million tons, 1.2% more than in 2019, but compared to the previous year (the increase was 11.6%) and to the 2018 (9.1%) sounds like a setback. A growth of just one percentage point therefore constitutes a sharp slowdown of the long-term trend for LNG, whose demand has been affected - like that of all other energy commodities - by the spread of the Covid-19 virus and the effects of lockdown measures.

Not all the areas of the world, however, have shown the same dynamics: in Asia, in fact, the question of which liquified natural gas is stable, with the Chinese imports that are increased of 11.1% (to 67,1 million tons) regarding 2019; Taiwan has recorded a +7.7% (17,6 million tons) and India with a +12.9% (25,3 million tons). Stable instead the South Korea, with a +0.5% (40,6 million tons), while the imports of LNG of Japan (- 2.3% to 74,6 million tons) and of the European Union (- 6.6% to 62,7 million tons are dropped). In terms of LNG supply, Qatar in 2020 confirmed itself as the world’s leading exporter with 77,6 million tons, the same volume as in 2019, but Australia is always closer having exported 77,3 million tons of liquefied gas, with an increment of 0.6% regarding the year precedence. Is strongly increased the American export, with 48,3 million tons (+31.9%), while the volumes exported from Russia (- 2.3% to 27,9 million tons) and from the South East Asia is decreased (- 5.6% to 45,4 million tons are dropped).

 

About Stephenson Academy

Stephenson Academy is the one-stop shop for all pipe and cable laying services. We are specialized in EPC (Engineering Procurement and Construction) solutions for Deck Mounted equipment and Subsea vehicles for pipe, umbilical, flex lay. Stephenson Academy offers the full project support services with bespoke solutions and detailed and interactive training courses, project construction offshore personnel, mobilization and commissioning support, consultancy services and engineering services in Offshore and Wind Energy. Stephenson Academy is an engaged and reliable partner that tackles challenges head-on. We provide our input from the design stage right through to the installation stage, ensuring that every project is delivered on time, on budget, safely and according to the most stringent quality demands.

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