Energy News and Jobs - Weekly Roundup - 21st April 2023
Energy Jobline
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Welcome to the Energy Jobline weekly news roundup of all the top stories for the week ending April 21st 2023, across all sectors of our industry.
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OIL AND GAS NEWS
North Sea industry blames windfall tax for sharp declines in oil and gas production
The UK’s oil and gas sector is set for a steep decline in production and capital expenditure, alongside a sharp uptick in decommissioning costs, according to the latest data from the North Sea industry’s watchdog.
The North Sea Transition Authority (NSTA)?has calculated that annual crude oil production will more than halve over the current decade , dropping from 49.34m tonnes in 2019 to 24.62m tonnes in 2028, including a six per cent decline this year.
It forecasts that gas production will drop from 37.51m tonnes to 20.49m tonnes over the same period, with a further five per cent decline this year.
This will come alongside a sharp drop in predicted capital expenditure, which NSTA expects to fall from ￡5.42bn to ￡2.5bn over the ten-year window, with decomissioning costs rising from ￡1.39bn to ￡2.0bn.
These numbers are not only stark, but a sharp revision to recent figures, with the NSTA predicting five megatonnes more of oil and gas over the same period just six months ago.
The Climate Change Committee, Westminster’s independent advisory group, predicts half of the UK’s energy requirements between now and 2050 will still be met by oil and gas, and as much as 64 per cent of UK energy needs between 2022 and 2037.
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?? 20 HOT JOBS THIS WEEK ??
M&E Project Manager - UK
Senior Transmission System Operation Specialist - Mozambique
Electrical Supervisor - Estonia
Instrumentation Supervisor -Estonia
Senior Ecologist - UK
Senior Commissioning Manager - Brazil
Financial Controller - Tokyo
Site Manager - Finland/Sweden
Mechanical Specialist - South Korea
Electrical Supervisor - Estonia
HSE Manager - Finland/Sweden
Strategic Finance Advisor - Oil & Gas - Falklands
Business Development Manager - Remote
Mechanical Supervisor - Mozambique
Customer Manager - Madrid
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EU gas usage falls 18% after price shock caused by Russian supply cuts
Natural gas consumption in the EU fell almost 18 per cent in the eight months to March, exceeding the bloc’s target and easing fears of energy shortages caused by massive cuts to Russian imports.
The large drop in gas usage by European households and businesses was aided by a milder winter. But it also reflected energy conservation efforts, the shutdown of some energy-intensive industrial activity and a switch to alternative fuel and power sources following the sharp rise in prices that followed Russia’s full-blown invasion of Ukraine last year.
Compared with the average over the previous five years, gas consumption in the EU fell 17.7 per cent between August and March, according to figures published on Wednesday by Eurostat, the EU statistics agency. It means the EU has outstripped its target to cut gas consumption by 15 per cent over the same period, which was set as part of efforts to deal with the big fall in Russian supplies that had sparked fears of energy rationing and an industrial exodus.
“This was not just about the weather,” said Holger Schmieding, chief economist at German investment bank Berenberg. “Energy-intensive companies reduced production, households saved energy and there has been a switch to other fuel sources.”
He said data from Germany’s Federal Network Agency showed that since the start of this year households and small businesses had cut their gas consumption compared with the previous five years by 17.2 per cent, while industry had reduced usage by 18.8 per cent.
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RENEWABLE ENERGY NEWS
EU calls for global renewable energy target
European Commission President Ursula von der Leyen has joined calls for countries to set a worldwide target for renewable energy.
Von der Leyen, who also proposed setting a separate global target for energy efficiency, suggested this could be achieved by the COP28 United Nations climate talks taking place in Dubai at the end of this year.
"Today, I would like to launch a new initiative to work together towards global targets for energy efficiency, and renewable energy," she?said ?Thursday in remarks to the Major Economies Forum (MEF) on Energy and Climate hosted by U.S. President Joe Biden. "We could develop these targets by COP28."
In a video message, U.N. Secretary-General António Guterres urged the MEF countries —?responsible for the vast majority of the world's emissions —?to accelerate their transition toward renewables.
"Phase out coal by 2030 in OECD countries and 2040 in all others," he said. "Make sure generation of electricity is net-zero by 2035 in developed countries, and 2040 elsewhere."
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World Hydrogen 2023 Returns to Rotterdam Doubling in Size
Hosted by the Sustainable Energy Council , the leading global platform for hydrogen business returns to the iconic Rotterdam Ahoy in 2023.
Following the huge success of 2022 – including a sell-out Summit! –?World Hydrogen 2023 will be doubling in size?to keep up with surging demand, enabling twice as many companies to showcase, collaborate and do deals to advance the global hydrogen economy.?
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2.5 GW Swedish Floating Offshore Wind Project Powers Ahead
领英推荐
Freja Offshore, a joint venture between Hexicon and Mainstream Renewable Power, has submitted a planning application.
In the North Sea, the floating wind farm called Mareld is planned to be built at a site located approximately 40 kilometres west of Orust.?
Once fully operational, the wind farm has the potential to deliver 9-12 TWh of power annually with a capacity of up to 2.5 GW which corresponds to more than half of the entire existing electricity consumption of the V?stra G?taland region, according to Freja Offshore.
Floating wind power, which is already operational in other parts of Europe, has unique characteristics insofar as it can be situated a long distance offshore, addressing concerns regarding visual and audible pollution whilst being able to benefit from higher wind speeds”,?said?Magnus Hallman, CEO of Freja Offshore.
Freja Offshore submitted an application to the Swedish Ministry of Climate and Business to construct and operate a wind farm under the SEZ and to establish an internal cable network under the Continental Shelf Act.
By 2030, the electricity demand in the west of Sweden is expected to double when compared to current usage and to triple by 2055.
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HERE IS YOUR YOUR FREE COPY OF THE
'ENERGY TRANSITION OUTLOOK 2023'
As the sector transforms into a decarbonised, digitalised industry, it is crucial that we ensure the talent pools are available and we have the right balance of skills and experience to deliver the projects of the future.
This is why? NES Fircroft ?once again partnered with? Energy Jobline ?to ensure that we reached out to as many employees and employers as possible to explore this exciting topic.
Following the success of last year’s survey, this time we follow up on some of our previous themes and investigate:
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? If workers feel they have the skills to tackle the changing energy landscape
? Do they want to move sectors? And if they have moved, how did they find the transition?
? How do viewpoints differ across sectors?
? How do they feel macro events (such as the Russia / Ukraine conflict) will impact the industry
The topics of “projects” and “pay” were again central themes to the results and training was frequently highlighted. The survey unveiled a clear perception that salaries are certainly going in the right direction and are offering comparable packages in many cases to the traditional energy sector.?
With this report, we hope to offer energy employers a unique insight into the current temperature of the talent landscape and how they can attract, retain and develop the expertise they need.?
Thank you to everyone for their participation, we trust that you will find this research of value and look forward to working with you and continuing to serve the Energy industry in the years ahead.
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MORE RENEWABLES HEADLINES:
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NUCLEAR NEWS
Germany and Finland: Two sides of the nuclear power coin in Europe
As chance would have it, the shutdown of the Germany’s remaining nuclear reactors coincided exactly with the opening of a new one in Finland, the first in over 15 years in the European Union (EU). Both countries are highly?vulnerable to the vagaries of Russian energy sources , but represent two opposing European visions of the always controversial nuclear energy.
“If Germany is closing reactors, it’s because of ideological factors, not economic or climate change issues. There is more fear of a nuclear accident and waste than of global warming,” said Alejandro Zurita, former head of international nuclear research cooperation at?Euratom . “It seems irrational to close plants that have operated safely for decades and help curb CO? emissions.”
In contrast, Finland justified the Olkiluoto plant decision in the early 2000s with two arguments that remain valid today — energy independence and compliance with emission limits. “Fossil fuel plants have to be replaced by accelerating renewable energy development without giving up nuclear power generation,” said Zurita.
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COMPANIES HIRING GLOBALLY INCLUDE:
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GLOBAL ENERGY JOBS BY SECTOR
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EV and BATTERY NEWS
World’s largest battery maker announces major breakthrough in energy density
In one of the most significant battery breakthroughs in recent years, the world’s largest battery manufacturer CATL has announced a new “condensed” battery with 500 Wh/kg which it says will go into mass production this year.
“The launch of condensed batteries will usher in an era of universal electrification of sea, land and air transportation, open up more possibilities of the development of the industry, and promote the achieving of the global carbon neutrality goals at an earlier date,” the company said in a presentation at Auto Shanghai on Thursday.
CATL’s new condensed battery will have almost double the energy intensity of Tesla’s 4680 cells, whose rating of 272-296 Wh/kg are considered very high by current standards.
The new technology breaks the limits that have long restricted the development of the battery sector and will open up a new era of electrification centred on high safety and light weight.
During the presentation, CATL said its working with partners on the development of electric passenger aircraft practicing aviation-level standards and testing in accordance with aviation-grade safety and quality requirements.
In addition to aircraft, CATL says it will soon launch the automotive-grade version of condensed batteries which it says will also go into mass production within this year.
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DOWNLOAD YOUR FREE COPY OF GETI 2023
The Global Energy Talent Index (#GETI ) 2023, from our partner Airswift, is now available! - the most established and comprehensive energy workforce trends report.
As the main supporting partner, Energy Jobline members made up almost half of the 10,000 responses from professionals across five industry sub-sectors:?#oil ?and?#gas ,?#renewables ,?#power ,?#nuclear ?and?#petrochemicals ?, to this seventh annual edition of the report.
This year, the survey looks at an industry undergoing tectonic shifts. It examines how this period of flux affects job satisfaction, future destinations, and career aspirations. Industry-wide skills shortages put workers in the driving seat, with 78 per cent of green energy workers being headhunted for a new job.
#GETI2023 ?explores how trends such as energy shortages and surging fossil fuel prices are having an impact on the workforce and talent landscape.
Key findings include:
? More and more candidates are looking for jobs that offer them fulfilment, not just financial compensation
? Rising salaries and job satisfaction are reducing worker restlessness
? Supply chain costs are surging and exacerbating skills shortages
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