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There is no one solution to the global energy crisis, but fusion scientists think that they can make an important contribution. Fusion, if successfully developed, will be both clean and green, producing large quantities of energy from non carbon emitting sources and without the burden of long-term radioactive waste.
With the long-term prospect of increasing global energy demand, securing future energy supplies has become a common global issue. For those countries with dwindling production rates or low hydrocarbon reserves, the pressure for energy security is set to increase.
The article looks at the prospects for the continuing availability of hurricane insurance in the offshore energy markets, discusses some of the problems with the products offered, reports on efforts to improve these products and the effect that low product take up is having on the energy insurance market. Windstorm premium makes up 15 to 20% of the offshore energy insurance portfolio.
Increased difficulties in obtaining utility right-of-way and the concept of utility corridors have brought pipelines into close proximity with electric power transmission/distribution systems. Metallic objects subjected to the alternating electromagnetic field will exhibit an induced voltage. Also, power conductor faults to ground can cause substantial fault currents in the underground structure.
OPITO – The Oil and Gas Academy, is focusing on attracting skills and talent to the oil and gas industry, through its ‘Energise Your Future’ event, which took place at this year’s Offshore Europe in Aberdeen.
When discussing the digital oilfield, one thing the majority of commentators agree on is that it involves operators having maximum awareness and control over their assets. Many also agree that the technology and connectivity across the oilfield is now there and that the key question facing operators is how best to utilise and integrate these technologies.
Newbuild and converted offshore LNG projects are now under review by ABS.
India has ambitions to become the hub for petroleum products exports. The export potential coupled with the additional capacity additions and new refineries provide a unique opportunity for potential investors.
Joint ventures focused on unconventional natural gas opportunities and related capability transfer will require effective governance to be successful.
Many experts predict that South America will become a net exporter of LNG in the future, however many challenges remain to the industry's development.
Exxon Mobil's Australian division and India's Petronet have signed a 20 year LNG supply contract, signaling a step towards approval for the Western Australian Gorgon project on Barrow Island.
The sheer potential of geothermal power and its value to the US aids its growing reputation as one of the very best options in the nation's growing energy mix.