Gazprom and OMV enhancing sci-tech cooperation

The Joint Coordinating Committee for scientific & technical cooperation and partnership between Gazprom and OMV held a meeting in Vienna, Austria. The meeting was run by Oleg Aksyutin, Deputy Chairman of the Management Committee, Head of Department at Gazprom, and Johann Pleininger, Deputy Chairman of the Executive Board of OMV.

The meeting participants reviewed issues related to the integrity of the gas transmission system, the outlook for the energy markets, environmental protection, drilling techniques, and hydrocarbon exploration and production technologies.

In the course of the meeting, the parties signed the Annex to the Program for scientific and technical cooperation and partnership for 2016–2020. The document adds a new research dimension to the Program: “Ensuring safe operation of oil and gas facilities through best practices in occupational safety.”

Background

OMV AG is Gazprom's main partner in Austria. The companies cooperate in gas production, transportation and supplies.

On April 1, 2016, Gazprom and OMV signed the Agreement for scientific & technical cooperation and partnership.

On June 16, 2016, Gazprom and OMV signed the Program for scientific and technical cooperation and partnership for 2016–2020. Their research initiatives cover such areas as efficient drilling and energy saving technologies, environmental protection, innovations, and R&D management.

 



Azelio Offers its Technology to Increase Reliable Clean Power Supply for Refugee Camps in Jordan

STOCKHOLM, June 19, 2019 /PRNewswire/ — Azelio has invited UNHCR to explore the company’s unique energy storage technology as a complement to the existing solar photovoltaic power installations in refugee camps in Jordan. UNHCR aims for the refugee camps to be self-sufficient and is now looking for solutions providing reliable on-site clean power supply at [Read more]

Source: BOE Report

Dubai Joins the Race To Develop Offshore Solar Power Plants (Wednesday, 19 June 2019)

The waters of the Persian Gulf are dotted with oil and gas rigs, drilling below the sea to pump hydrocarbons to the surface. Soon, however, they may be the location for a more environmentally-sustainable energy source.

Dubai Electricity and Water Authority (DEWA) says it is thinking about developing floating renewable energy plants in the Persian Gulf. On June 9 it launched a search for consultants who can advise it on the idea.\

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The utility company’s plans fit in with the wider ambitions of Dubai’s government to develop its renewable energy resources. The city-state – which, unlike neighbouring Abu Dhabi, has relatively little oil or gas – is following a plan known as the Dubai Clean Energy Strategy 2050 which aims to ensure that 75% of its total power output comes from clean energy sources by 2050.

To reach that target, the authorities estimate they will need to have 42GW of clean electricity-generating capacity in place by then. Some large projects are already being developed to help reach that goal, including the Mohammed bin Rashid Al Maktoum Solar Park on the desert outskirts of the city – believed to be the largest single-site solar energy project in the world. The first few phases of that are already up and running, but it is still being expanded, with the aim of having 5GW of installed capacity on site by 2030, at a total cost of around AED50 billion ($13.6 billion).

Now, DEWA has asked consultants to bid for a contract to advise it on developing and constructing solar photovoltaic (PV) plants out at sea. The contract will cover a wide range of areas, including feasibility studies and an environmental impact assessment report. What isn’t yet known is how much offshore solar capacity Dubai is planning to develop or exactly where it will build it (DEWA did not respond to a request for comment for this article)

Source: www.forbes.com

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Forecasting this Summer’s Gas and Power Supply and Demand

The first official day of summer is Friday, June 21. That means packing up your winter clothes unless you live in Northern California where May’s record-setting snowfall will keep ski resorts open into August! As the snowpacks melt (or don’t), the weather warms, and El Niño lingers for a second year in a row, Drillinginfo’s expert analysts have begun developing their hydro, wind, and natural gas production and demand forecasts.

 

Rob Allerman, Senior Director of Power Analytics and Rob McBride, Senior Director of Market Intelligence, recently co-hosted a webinar to deliver Drillinginfo’s predictions for the West Coast Hydro outlook, how the long-term load and wind forecast can help provide deeper insights to traders and analysts, and explore the U.S. natural gas balance.

 

The replay of the webinar – “Summer 2019 Gas and Power Fundamentals” – is available here. Let’s take a look at some highlights.

Hydro Generation

Rob Allerman began with his hydro-generation forecast for the Columbia Basin, which is expected to be below average due primarily to the fact that the remaining snowpack is far below average for this time of year. Most of the snow melted early, particularly in the northern basins, and that will have a significant impact on hydro generation in July and August.

 

 

The forecast for California hydro generation is a 180 degree turn. It’s been a very wet year, especially in Northern California, and a cool spring has slowed the pace of snowpack melt. After years of suffering through droughts, the area will generate extremely high hydro flows and reservoir storage levels will be high throughout the summer.

 

North American Wind and Load Summer Forecast

For the second straight year the country will be affected by El Niño conditions – a rarity. Before this year, you could count on one hand the number of times it had occurred: 1957-1958, 1968-1969, 1976-1977, 1986-1987, and 2014-2015.

 

History shows the second El Niño year usually brings a summer with cool temperatures across the Great Plains and Midwest, but warmer temperatures on the coasts. We expect that will be the case this summer, and will be one of the factors in below average load and lower than average wind generation over the middle of the country.

After Allerman concluded his presentation with the PRT/Drillinginfo ISO Load and ISO Wind forecasts, it was Rob McBride’s turn to deliver our U.S. gas balance forecasts.

 

Natural Gas Demand

We’re moving out of the cooler winter and early spring months, and that signals the coming shift of natural gas demand away from the residential heating load to gas burning by electricity generators.

 

Following the 2014 oil price crash, both production and demand for natural gas has grown steadily each year. Production is being driven by the shale boom and improving drilling economics and efficiencies, and demand is being driven by low-cost gas and the retirement of several coal and nuclear power plants.

 

Production in 2019 has started off strong, even compared to the incredible year that was 2018. As you can see below, that gap is starting to narrow.

 

O&G producing companies want to live within their cash flows, and that means lowering their capital expenditure budgets. We expect to see production growth through the summer as companies introduce new efficiencies and get better at drilling – just not the same explosion of growth as last year.

 

 

McBride also provided an outlook for net exports of natural gas and what will be left over in the U.S., and explained the myriad of factors that could affect power demand and the end of summer storage inventory.

 

Follow this link to view the webcast replay. If you want to do a deeper dive, you’ll find all the details in our latest FundamentalEdge Market Outlook report, available as part of our Drillinginfo MarketView Fundamentals product suite.

If you have any questions, please connect with us on Twitter and Facebook.

 

 

The post Forecasting this Summer’s Gas and Power Supply and Demand appeared first on Drillinginfo.

 Gran Tierra Energy Inc. Announces Operations Update

CALGARY, Alberta, June 19, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operations update regarding activities and results during second quarter 2019 to date. All dollar amounts are in United States (“U.S.”) dollars unless otherwise indicated. Production amounts are unaudited and on an average working [Read more]

Source: BOE Report