Weekly Energy News and Jobs Roundup - 28th October 2022
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Welcome to the Energy Jobline weekly news roundup of all the top stories this week ending October 28th 2022, across all sectors of our industry. Please?+SUBSCRIBE?to our LinkedIn newsletter 'Energy Newsline' to receive a notification every time we publish new content.
OIL AND GAS NEWS
Profits at world’s seven biggest oil firms soar to almost ￡150bn this year
Profits at the world’s biggest oil companies have soared to nearly ￡150bn so far this year as Russia’s war on Ukraine pushed up energy prices, according to estimates from analysts.
Britain’s Shell and France’s TotalEnergies on Thursday reported profits for the first nine months of 2022 of $59bn (￡51bn). US rivals Chevron and?ExxonMobil?are expected to report year-to-date earnings approaching $70bn on Friday, while 2022 profits at Britain’s BP could break the $20bn mark on Tuesday.
The cumulative takings for the seven biggest private sector oil drillers during the first nine months of 2022 could hit $173bn (￡150bn), according to analyst forecasts collated by S&P Global Market Intelligence and reported earnings.
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JUST DAYS LEFT TO TAKE PART IN #GETI2023 - COMPLETE AND WIN APPLE AIRPODS PRO!
Have you taken part in the 2023 Global Energy Talent Index (GETI) survey yet?
If not, you’d better hurry! The Survey closes on Oct 31st.
The transition to a net-zero economy has a direct impact on working life and culture in the energy industry. And, while there are still many challenges ahead, there is also a huge opportunity for companies to adapt for the better.
As a member of the workforce, this affects you - and we’d like to hear your views.
Click the link below to take part!
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?? HOT JOBS THIS WEEK ??
Engineers - LNG Project (Global Edge) - Multiple Locations
Project Developer, Onshore Wind & Solar PV (BOSS) - UK
Project Manager (BOSS) - Germany
Energy Services Project Leader (Drax) - UK
Project Manager - SCADA (Turner Lovell) - UK
HV Cable Expert - Condition Monitoring (Turner Lovell) - Saudi Arabia
Project Engineer (Mitsubishi Power) - Ireland
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The end of Europe’s energy crisis is in sight
On Monday, the wholesale spot price of European natural gas went negative. For an hour, suppliers were willing to pay almost €16 to someone able to suck up a megawatt hour of gas, about the equivalent of an average UK household’s monthly consumption. It was a remarkable turnround for a market that saw record prices of over €300/MWh towards the end of August.
Of course, there were special forces at work. Although the negative price was recorded on the main Dutch benchmark for European gas, it was not seen everywhere across the continent. It lasted for one hour only and a more standard spot price now around €50/MWh remains twice the norm for European gas. And it occurred because liquefied natural gas supplies keep arriving in Europe when storage facilities are effectively full.
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?? Energy Jobline will be exhibiting at the ADIPEC Exhibition and Conference next week! Come and meet the team, and receive 20% off ANY product or service.
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RENEWABLE ENERGY NEWS
IEA: Renewable Energy Investment Needs To Triple By 2030
Investment in renewables must more than triple to $1.3 trillion annually by 2030 if the world is to reach net-zero emissions by 2050, the International Energy Agency (IEA) said on Thursday.?
Previously, the agency had estimated that clean energy would need?$1 trillion?in annual investment to reach the climate goals.
In the?World Energy Outlook 2022?published today, the IEA said that electricity generation from renewables needs to see one of the largest increases in investment in the Net Zero Emissions (NZE) Scenario, rising from $390 billion in recent years to $1.3 trillion by 2030. This level of annual spending in 2030 would be equal to the highest level ever spent on fossil fuel supply, $1.3 trillion spent on fossil fuels in 2014, the IEA said.??
Concerns about fuel prices, energy security, and emissions – bolstered by stronger policy support – are brightening the prospects for many low?emissions fuels, the IEA said.?
Clean energy investment is massive today, but it needs to rise much more if the world has a chance to get to net zero by 2050.
IEA:
"A huge increase in energy investment is essential to reduce the risks of future price spikes and volatility, and to get on track for net zero emissions by 2050. Governments should take the lead and provide strong strategic direction, but the investments required are far beyond the reaches of public finance. It is vital to harness the vast resources of markets and incentivize private actors to play their part."
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SHELL RENEWABLES ARE HIRING PROJECT MANAGERS GLOBALLY
壳牌 are recruiting across the world.
Shell’s Renewables and Energy Solutions business is comprised of teams and professionals focused on providing renewable and low-carbon energy solutions, helping propel Shell closer towards its target of being a net-zero emissions business by 2050.
Shell aims to be a major provider of?renewable energy and low-carbon solutions.?We want?to?find ways of helping customers – whether households or businesses – to switch to these options through renewable and low-carbon?energy and?decarbonisation services.
Our teams in Power, Hydrogen, Shell Ventures, Nature Based Solutions, Carbon Capture Storage and Customer Solutions enable us to help solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.
CURRENT LIVE PROJECT MANAGER JOBS INCLUDE:
Sr IT Project Manager - USA
Engineering Project Manager - Germany
Project Manager - Germany
Sr. IT Project Manager - USA
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Amazon's first 2 renewable energy projects in China are expected to generate enough electricity for 250,000 Chinese homes a year
Amazon’s first wind farm and solar farm in China are generating clean energy, spurring job creation, and increasing educational opportunities in Chinese communities.
As one of the world’s largest economies, China has made clean energy commitments to help build a long-term sustainable economy. With Amazon’s first wind farm and solar farm in China now producing clean energy, Amazon is contributing to China’s clean energy future.
These large-scale renewable energy projects represent 200 megawatts (MW) of clean energy capacity and are expected to produce 496,000 megawatt-hours (MWh) each year—the equivalent amount of electricity needed to power 250,000 Chinese homes. In addition to the clean energy these projects now generate, they are also resulting in investments in local communities by providing environmental, economic, and educational contributions.
Elaine Chang, corporate vice president and managing director of Amazon Web Services for the greater China region:
"Amazon is committed to and invested in sustainability because it’s a win all around—it’s good for the planet, for business, for our customers, and for our communities. It is exciting to see Amazon’s first two large-scale renewable energy projects in China generating clean energy for the country’s grid. By becoming operational, these projects are helping China meet its renewable energy goals. We also support local customers with the world’s most comprehensive and broadly adopted cloud offering to build and implement solutions that meet their sustainability goals."
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MORE RENEWABLES HEADLINES:
领英推荐
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#NUCLEAR NEWS
Canada commits C$970 million to new nuclear power technology
Canada will provide C$970 million ($708 million) in financing to develop a grid-scale small modular reactor (SMR), a new nuclear technology touted as a key part of the country's plans to reduce emissions, Natural Resources Minister Jonathan Wilkinson said on Tuesday.
The project, which is being developed by utility Ontario Power Generation (OPG) in Darlington, Ontario, will be the first commercial grid-scale SMR in the Group of Seven wealthy nations (G7), according to the minister's spokesperson.
The funding, offered as low-interest debt from the Canada Infrastructure Bank's (CIB) pool earmarked for clean power investments, would go toward preparation work required prior to nuclear construction, including project design and site preparation.
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ENERGY JOBS & FEATURED RECRUITERS -?#HIRING?NOW
This weeks Energy Jobline featured recruiter is:
AltGen - RECRUITING NOW
Renewable Energy and sustainability are cornerstone to the history of AltGen. Both run through our veins and breathe life to our vision and mission.
Our team has found a home in effecting change through people, we understand that people make the brand – it’s these people who are the ambassadors and pioneers that awaken the potential for growth. AltGen exists in the nexus between energy related projects and people - Jobs.
Since the development of the renewable energy market in Africa, the AltGen team have actively recruited and deployed the best skills and expertise in the industry throughout Africa. We are ever evolving.
We have incorporated consulting and employment services into our service offering - understanding how each feed added value into the next, providing a holistic solution for our clients.
We are the career visionaries and advisers, we provide long-lasting and positive relationships between clients and candidates, matching corporate cultures to personalities, expertise as well as experience. Where others see atypical recruitment, we see innovative solutions which generate long-term investments.
Our goal is to raise industry standards and enable more effective climate change mitigation projects through the support of passionate and talented individuals.
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ALTGEN JOBS #HIRING?NOW INCLUDE:
Strategic Growth Executive – Hydrogen - South Africa
Engineering Head - Global Power-X developer - South Africa
Hydrogen technology Eco-System Business Developer - South Africa
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ENERGY JOBLINE CLIENTS ALSO HIRING GLOBALLY INCLUDE:
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GLOBAL ENERGY JOBS BY SECTOR
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ENGIE acquires 6 GW of solar and battery storage capacity projects from Belltown Power
The acquisition of these 33 early to late-stage projects will accelerate renewables development across multiple states in North America and significantly strengthen the Group’s project pipeline.
ENGIE announced it has acquired a 6 GW portfolio of solar, as well as paired and standalone battery storage development projects from Belltown Power U.S. The transaction includes 33 projects comprising some 2.7 GW of solar with 0.7 GW of paired storage and 2.6 GW of standalone battery storage. The projects are located across ERCOT, PJM, MISO, and WECC.
ENGIE already has a strong position in North America, with 3.9 GW of installed renewable capacity at 100% as of 30 June 2022. The projects are a strong addition to ENGIE’s existing renewables and storage pipeline in the US.
Paulo Almirante, ENGIE Senior Executive Vice President:
“This acquisition is a perfect illustration of ENGIE’s strategy to accelerate our investments in renewable energy in our key markets. It is an important step towards achieving our goal of 80 GW of installed renewable capacity by 2030. By combining green electricity generation with paired and standalone storage, ENGIE will contribute to the flexibility of the grid to improve its reliability and resilience”
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