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Rystad: Energy transition projects could replace 40% of oilfield service revenues

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Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023 according to a Rystad Energy analysis. However, suppliers could diversify some oil and gas capabilities and replace up to 40% of 2019’s revenue by servicing the renewable markets. Rystad Energy analyzed the activity of the top 50 oil and gas suppliers, which together earned $220 billion in upstream revenue in 2019, $100 billion of which originated from well services and commodities. Many services provided by well-focused suppliers will be challenging to deploy in the context of energy transition operations, especially fracking services, OCTG and drilling services and tools. However, the top contractors providing engineering, procurement, construction and installation (EPCI) services – which earned around $55 billion in 2019 from the oil and gas industry – will find it easier to apply their competencies towards the green shift. “Around $90 billion, ...

E AWARD 2020 for pioneering projects and products

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[...] Winners in the smart Projects category  1-Phaesun GmbH (Germany):  “REvivED Water” – Solar Powered Desalination, Somaliland Headquartered in the German city of Memmingen, Phaesun specializes in off-grid photovoltaic technology. As part of the REvivED Water Innovation and Development Project, Phaesun has developed the first small-scale solar-powered electrodialysis desalination system on the market for purification of brackish water. It has achieved this by working with a group of interdisciplinary partners, ranging from architects to universities and startups. The system provides up to 2,000 liters of clean drinking water per day for isolated villagers and nomads in Somaliland. Electrodialysis uses a membrane technology: An electric current pulls salt ions through an ion exchange membrane, thereby significantly reducing the salt content. It is very well suited for providing a solar-powered drinking water supply, especially in remote areas. The jury admired...

Poland a photovoltaic surprise of Europe

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The Polish PV market is booming. Poland even turned out to be a solar surprise in 2019 and ranked 5th among the EU countries with the largest PV capacities that were connected to the grid in 2019 The positive development continues. According to PSE data and as of 1/05/2020, the installed capacity from solar farms was 1832.7 MW. This means that 137.35 MW arrived in April and 4.58 MW was installed daily. This is an increase of 181.42 percent year on year. However, throughout April 2020, the increase in photovoltaic plant capacity was 8.1 percent compared to March 2020. PSE data includes all PV installations reported to distribution companies, connected to both medium and low voltage networks. Act on renewable energy sources or the development of photovoltaics in Poland in 2019, the entry into force of the amendment to the Act on renewable energy sources, which introduced a number of significant changes in the support system for electricity generated from PV installations, pro...

L’industria solare mondiale può svolgere un ruolo strategico nella ripresa post-COVID-19 creando crescita, posti di lavoro e un futuro più verde.

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Le perturbazioni sociali ed economiche causate dagli effetti della pandemia COVID-19 stanno avendo gravi ripercussioni sull’industria del solare fotovoltaico a livello globale – sia in termini di attività su base giornaliera che di investimenti – ma il settore è pronto a riprendere il suo trend di crescita a lungo termine e a contribuire a una ripresa economica verde che protegga il clima, crei posti di lavoro e garantisca una crescita inclusiva. La condizione dell’industria fotovoltaica oggi e le prospettive per il futuro sono state discusse in un webinar convocato il 24 aprile 2020 dal Global Solar Council. L’evento è stato l’occasione per un aggiornamento sulla situazione in importanti regioni fornito dall’Asian Photovoltaic Industry Association (APVIA), SolarPower Europe e ITALIA SOLARE. L’Agenzia Internazionale per le Energie Rinnovabili (IRENA) ha presentato il suo Global Renewables Outlook, recentemente pubblicato, evidenziando il ruolo del solare fotovoltaico e di altre tecn...