Lyncwise Executive Search’s Post

ADVANCE ADJUSTMENTS HIGHLY NEEDED IN THE OIL AND GAS PRODUCTION INDUSTRY: 1.Automation and Digitalization: Implementing advanced automation and digital technologies to optimize operations, reduce costs, and improve safety. 2.Environmental Sustainability: Developing cleaner and more sustainable methods for extracting, processing, and utilizing oil and gas resources, including carbon capture and storage (CCS) technologies. 3.Remote Monitoring and Control: Enhancing remote monitoring and control capabilities to enable real-time decision-making and improve efficiency, especially in offshore and remote locations. 4.Data Analytics and AI: Utilizing data analytics and artificial intelligence (AI) to analyze vast amounts of data, optimize production processes, predict equipment failures, and improve overall performance. 5.Enhanced Oil Recovery (EOR): Developing advanced techniques for enhanced oil recovery to extract more hydrocarbons from existing reservoirs, including methods such as thermal, chemical, and microbial EOR. 6.Safety and Risk Management: Investing in technologies and practices to enhance safety measures, mitigate risks, and ensure compliance with regulatory standards. 7.Renewable Energy Integration: Integrating renewable energy sources, such as solar and wind power, into oil and gas operations to reduce greenhouse gas emissions and increase energy efficiency. 8.Infrastructure Modernization: Upgrading and modernizing infrastructure, including pipelines, refineries, and transportation systems, to improve reliability, safety, and efficiency. 9.Workforce Training and Development: Investing in training programs to equip the workforce with the skills needed to adapt to technological advancements and industry changes. Overall, the oil and gas industry is continuously evolving, and innovations in technology, sustainability, and safety are crucial for its long-term success and viability.

𝐏𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐨𝐟 𝐆𝐫𝐢𝐝-𝐒𝐜𝐚𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 Grid-scale energy storage systems are essential components of modern electricity grids, providing stability, reliability, and flexibility to accommodate the increasing penetration of renewable energy sources and meet fluctuating energy demand. These systems store surplus electricity generated during periods of low demand or high renewable energy production and release it during peak demand periods or when renewable generation is low. 🎯𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞:  https://lnkd.in/di2HdNg2 By acting as a buffer between electricity generation and consumption, grid-scale energy storage helps optimize grid operations, reduce reliance on fossil fuels, and facilitate the transition to a more sustainable energy future. One of the most common types of grid-scale energy storage systems is battery energy storage, which uses rechargeable batteries to store electrical energy. Lithium-ion batteries, in particular, have emerged as a leading technology for grid-scale applications due to their high energy density, fast response times, and declining costs. These batteries can be deployed at various points on the grid, including utility-scale installations, substations, and distributed energy resources, to provide frequency regulation, voltage support, and backup power services. Another promising technology for grid-scale energy storage is pumped hydroelectric storage. This system utilizes the gravitational potential energy of water to store and release electricity. During periods of excess electricity generation, water is pumped from a lower reservoir to an upper reservoir, where it is stored as potential energy. When electricity demand increases, water is released from the upper reservoir and flows through turbines to generate electricity. Pumped hydro storage facilities offer large storage capacities and long-duration discharge capabilities, making them suitable for balancing seasonal variations in renewable energy production and meeting peak demand.

Hydrogen-to-Power Technologies: - Gas Turbines: • Hydrogen can be used as a fuel in gas turbines to generate electricity. • Gas turbines operate on the principle of converting the energy of expanding gases into mechanical energy through a rotating shaft. • Hydrogen combustion in gas turbines is similar to natural gas combustion, with hydrogen being burned in a combustion chamber and the resulting hot gases used to drive turbine blades. • Gas turbines are widely used in power plants for electricity generation due to their high efficiency and flexibility. Advantages: • High Efficiency: Gas turbines can achieve high efficiencies, typically ranging from 30% to 45%. • Scalability: Gas turbines are available in a wide range of sizes and can be used for both centralized and distributed power generation. • Fuel Flexibility: Gas turbines can operate on various fuels, including natural gas, hydrogen, and liquid fuels, providing flexibility in fuel sourcing. Disadvantages: • Capital Cost: Gas turbine power plants can require significant upfront capital investment, particularly for larger installations. • Emissions: While hydrogen combustion in gas turbines produces no CO2 emissions, it may produce nitrogen oxides (NOx) and other pollutants unless advanced emissions control technologies are employed. • Efficiency Degradation: Hydrogen combustion in gas turbines may lead to combustion instability and efficiency degradation compared to natural gas combustion. Efficiency: • Gas turbines can achieve efficiencies ranging from 30% to 45%, depending on the turbine design and operating conditions.

Arda Energy concluded pilot testing. 👇 After two years of dedicated effort, Arda Energy (formerly Agri-e) has successfully concluded pilot testing for hydrogen production. With over 2000 hours logged, we're leveraging this solid foundation to scale up our operations. This achievement wouldn't have been possible without the invaluable support from our esteemed partners: 👉🏼 Equinor 👉🏼 Norske Shell 👉🏼 Rosenberg Worley 👉🏼 Energy Transition Norway 👉🏼 Norled 👉🏼 Hydrogen Mem-Tech 👉🏼 Enova 👉🏼 Skattefunn 👉🏼 Aarbakke Innovation Over the past two years, we've achieved significant milestones. In January 2022, we laid the groundwork for our pilot system at the Risavika testing facility. After a six-month building period, we commenced partial system testing, focusing on components such as compressors, water treatment, reformers, H2 separators, and Solid Oxide Fuel Cells (SOFC). Throughout this phase, our internally developed simulator proved invaluable in anticipating and mitigating challenges. This simulator, running real-time simulations of all process sections, enabled rigorous testing of our pilot control system. Our physical pilot system has now surpassed 2000 hours of operation, during which we've tackled both planned and unforeseen challenges. Equipped with an emergency shutdown system, the pilot responded effectively to issues like loss of electric power, feed gas, air supply, and process water, ensuring safe shutdowns and facilitating swift resolutions. In simpler terms, we've not only learned how to operate the plant but also how NOT to run it. Drawing on this wealth of experience and comprehensive data logging, we're ready to transition to the commercial version of the Arda Energy hydrogen plant.

𝗥𝗲𝗮𝗹-𝗧𝗶𝗺𝗲 𝗩𝗮𝗹𝘂𝗲 𝗶𝗻 𝗣𝗮𝗽𝗲𝗿 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 - 𝗔 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗦𝘁𝗼𝗿𝘆 𝘄𝗶𝘁𝗵 𝗟𝗲𝗴𝗲𝗻𝗱’𝘀 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 As energy markets continue to experience unprecedented volatility, companies worldwide are increasingly aware of the very real and visible challenges they face. It's almost impossible to read any media outlet without encountering headlines about the energy crunch and its potentially catastrophic impact on businesses. This dynamic shift can be overwhelming, leaving many wondering how to navigate these changes. In light of these prevalent and exponentially growing challenges, I present a real-life case study summary of our client, one of the largest paper product manufacturing companies in North America. 𝗧𝗵𝗲 𝗖𝗮𝘀𝗲 𝗦𝘁𝘂𝗱𝘆 - 𝗥𝗲𝗮𝗹-𝗧𝗶𝗺𝗲 𝗩𝗮𝗹𝘂𝗲 𝗶𝗻 𝗣𝗮𝗽𝗲𝗿 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 An effective energy contract strategy requires a comprehensive understanding of market dynamics, regulatory environments, risk management practices, and technological advancements. 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝘁 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 & 𝗖𝗼𝘀𝘁 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: Avoided hidden fees and commissions, focusing on actual market intelligence. Repriced the electricity deal, reducing total cost by $600,000 over 3 years. 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗡𝗮𝘁𝘂𝗿𝗮𝗹 𝗚𝗮𝘀 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Renegotiated natural gas transportation agreement for better terms. Leveraged market fluctuations during a cold snap, netting over $1,000,000 in one week. Ensured customer received 100% of the liquidation value when supplier attempted to withhold funds. 𝗗𝗮𝗶𝗹𝘆 𝗔𝗰𝘁𝗶𝘃𝗲 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴: Provided daily reports on electricity and natural gas consumption. Offered insights into daily budgeting, driving down costs and improving quarterly budget forecasts. 𝗣𝗲𝗮𝗸 𝗟𝗼𝗮𝗱 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Detailed analysis of reducing/shutting down production during peak periods. Explored alternative methods for capacity management, identifying $2,000,000+ in annual savings. Achieved $2,100,000 net savings through effective peak load management. 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗖𝗼𝘀𝘁 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻: Monitored and negotiated non-energy regulatory costs. Reduced regulated electric and gas bill components, saving approximately $850,000 annually. 𝗢𝘃𝗲𝗿𝗮𝗹𝗹 𝗜𝗺𝗽𝗮𝗰𝘁: Total savings of over $4,550,000 through strategic energy management and regulatory negotiation. Enabled the customer to optimize energy use and reduce operational costs with minimal strain on the business. Remember that everyone is an expert when the energy markets are stable. ≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋_≋ 𝗧𝗵𝗲 𝗰𝗼𝘀𝘁 𝗼𝗳 𝗱𝗶𝘀𝗰𝗼𝘃𝗲𝗿𝘆 𝗶𝘀 𝘆𝗼𝘂𝗿 𝘁𝗶𝗺𝗲, 𝘁𝗵𝗲 𝗰𝗼𝘀𝘁 𝗼𝗳 𝗶𝗻𝗮𝗰𝘁𝗶𝗼𝗻 𝗺𝗮𝘆 𝗯𝗲 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀. For energy insights, follow: #EnergyNinjaChronicles Subscribe to the newsletter: 📩 https://lnkd.in/dGpq2-dC #EnergyManagement #EnergyMarkets #EnergyInfrastructure #Sustainability

JUNE 26, 2024 U.S. energy production exceeded consumption by record amount in 2023 The increase in total U.S. energy production was driven largely by growth in the production of natural gas and crude oil in 2023. Dry natural gas production grew 4% to a record 39 quads in 2023, growing 58% since 2013. Crude oil production grew 9% from 2022 and reached a record of 27 quads in 2023, a 69% increase since 2013. Production of natural gas plant liquids, a byproduct of natural gas production, increased by 8% from 2022 to 8 quads in 2023. Natural gas plant liquids production has increased by 143% since 2013. https://lnkd.in/eJNtBwr5

𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐆𝐚𝐬: 𝐋𝐞𝐚𝐫𝐧 𝐀𝐥𝐥 𝐲𝐨𝐮 𝐍𝐞𝐞𝐝 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐀𝐛𝐨𝐮𝐭 (𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 ) IndustryARC™ updated the market research study on 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐆𝐚𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 at USD 242.7 billion in 2024, reaching USD 410.6 billion by 2030 at a CAGR of 7.8% from 2024 to 2030. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 @ https://bit.ly/3WI01Nf 𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐬𝐨𝐦𝐞 𝐤𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐑𝐢𝐬𝐞 𝐨𝐟 𝐆𝐫𝐞𝐞𝐧 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧: There is a growing focus on green hydrogen production, which is produced using renewable energy sources such as wind and solar power. Green hydrogen is seen as a key solution for decarbonizing industries such as transportation, manufacturing, and energy production, driving investments in electrolysis technology and renewable energy infrastructure. 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞: The development of hydrogen infrastructure, including production facilities, storage solutions, transportation networks, and refueling stations, is accelerating to support the growing demand for hydrogen fuel cell vehicles and industrial applications. Investments are being made in hydrogen pipelines, storage tanks, and distribution hubs to enable widespread deployment of hydrogen technologies. 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐢𝐧 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧: Hydrogen is gaining traction as a zero-emission fuel for transportation, particularly in heavy-duty vehicles, buses, trains, and maritime vessels. Fuel cell electric vehicles (FCEVs) powered by hydrogen offer long driving ranges and fast refueling times, making them viable alternatives to conventional internal combustion engine vehicles and battery electric vehicles (BEVs). 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧: Hydrogen is widely used in industrial processes such as refining, chemical production, metallurgy, and food processing. There is growing interest in using #hydrogen as a feedstock for industrial applications, including ammonia production, steelmaking, and synthetic fuel production, to reduce carbon emissions and increase process efficiency. 𝐆𝐞𝐭 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨 @ https://bit.ly/4dzW4jy 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: Air Liquide | Linde | Plug Power | Ballard Power Systems | Hydrogenics | Cummins Inc. | FuelCell Energy | Bloom Energy | McPhy | Nikola Corporation | Siemens Energy | ENGIE | Eni | Vattenfall | Gazprom | Snam S.p.A. | Valeo | Praxair, Inc - a Linde Company | BASF | Airgas | Iwatani Corporation #hydrogen #hydrogengas #greenhydrogen #cleanenergy #sustainability #renewableenergy #fuelcell #hydrogenfuel #energytransition #electrolysis #climatechange #decarbonization #zeroemission #fuelcellvehicles #hydrogenpower

Serica Energy plc - Operations and Organisation Update   Serica Energy plc provides the following updates on operations, production, licencing and organisation. 🔽 Find more info in comments below 🔽 #SericaEnergy #OilProduction #OilDrilling #OilandGas #OilandGasnews ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

We had a constructive discussion this evening on how AI could be used to accelerate energy transition. We agreed on several ways, including: 1. Energy Optimization: AI can analyze large amounts of data from energy systems and identify patterns and trends that can help optimize energy usage. This can lead to more efficient energy distribution, reduced energy waste, and lower costs. 2. Renewable Energy Integration: AI can assist in integrating renewable energy sources, such as solar and wind, into the existing energy grid. By analyzing weather patterns, energy demand, and storage capabilities, AI can optimize the usage of renewable energy and ensure a stable and reliable energy supply. 3. Energy Storage Management: AI can help manage energy storage systems, such as batteries, by predicting energy demand and optimizing charging and discharging cycles. This can improve the efficiency and lifespan of energy storage systems, making them more cost-effective and reliable. 4. Demand Response: AI can analyze energy consumption patterns and predict peak demand periods. By providing real-time information and incentives to consumers, AI can help shift energy usage to off-peak periods, reducing the strain on the energy grid and promoting a more balanced energy supply. 5. Smart Grid Management: AI can enable the management of a smart grid, which includes intelligent sensors, meters, and control systems. By analyzing data from these devices, AI can optimize energy distribution, detect and respond to outages more efficiently, and enable better integration of distributed energy resources. Overall, AI has the potential to revolutionize the energy sector by enabling more efficient and sustainable energy systems, reducing carbon emissions, and accelerating the transition to clean energy sources. THENGU SURVEYS Pty Ltd