Energy News and Jobs - Weekly Roundup - 12th July 2024
Energy Jobline
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Welcome to the Energy Jobline weekly roundup of all the top
energy news and jobs for the week ending July 12th 2024, covering all sectors of our industry.
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BEFORE WE BEGIN:
Caribbean Utilities Company, Ltd. ARE HIRING
PROJECT SUPERVISOR - 💵 CI$7319 PER MONTH
CUC offers a very competitive benefits package including pension, health and life insurance. CUC operates within the Cayman Islands, which as a jurisdiction does not have direct or income taxes. Employees working are subject to indirect taxes such as import duties when importing goods from overseas.
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FEATURED RECRUITER:
TRAC Renewable Services ARE RECRUITING IN THE UK
TRAC Energy has a long history of engagement in the renewables market.
With over 20 years of industry experience, an annual turnover of £19m, and a dedicated team of 140 staff, TRAC Energy is backed by the strength of the TRAC International Group, which provides top-notch engineering products and services across various sectors worldwide, employing a global team of 600 professionals.
We aim to drive the energy transition, make a tangible difference, and create a cleaner future for all.
TRAC UK JOBS INCLUDE:
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OIL AND GAS NEWS
BP raises forecasts for oil and gas demand as clean energy switch slows
bp has raised its forecasts for oil and gas demand in the latest sign that the transition to clean energy has slowed.
The oil major made the projections in its closely watched annual outlook as renewable power sources such as wind and solar fail to increase at a fast enough pace to keep up with the growth in global energy demand.
BP warned that delaying the clean power transition could be “costly” as it said oil would continue to “play a significant role in the global energy system for the next 10-15 years”.
The report showed oil demand would be about 97.8mn barrels per day in 2035 under BP’s scenario that captures the current trajectory of the global energy system.
This is up more than 5 per cent compared with last year’s projection when BP slashed its growth forecasts for both oil and gas. When net zero targets — the reduction of CO₂ emissions by about 95 per cent from current levels — are factored into calculations, the projection for oil demand is 80.2mn b/d in 2035, up 10 per cent on last year’s forecast.
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Extreme Temperatures Threaten Oil Refinery Operations in Europe
Peak summer temperatures in some parts of Europe are threatening the normal operation of refineries, Bloomberg has reported, citing the situation in Greece and Poland.
Temperatures in Greece look set to top 40 degrees Celsius next week, which would make normal operations for refiners challenging and in Poland the hot weather is also jeopardizing the normal operation of refineries.
“European refineries were designed in the sixties and the seventies,” Alan Gelder, vice president of refining, chemicals and oil markets at consultancy Wood Mackenzie , told Bloomberg . “The world’s got hotter since then.”
The publication attributed the expected problems to climate change, noting that refiners are partially responsible for their own problems based on the attribution of said climate change to humankind’s use of hydrocarbons.
Refiners are adapting to the changing situation but not all of them are there yet because refineries in Europe were generally designed to be hardy in sub-zero temperatures, Bloomberg also wrote in its report, citing a British engineering company.
Because of high temperatures, then, some refineries would need to curb their output to avoid equipment failure and other problems that high temperatures can cause at a refinery that has not been equipped to handle them.
According to one analyst, some refineries might be forced to cut processing rates by 15% over a 24-hour period at some point this summer.. This does not sound like a whole lot but the impact of such a potentiality would depend on demand for fuels.
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41,000+ GLOBAL OIL AND GAS JOBS ADDED!
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🔥 25 HOT JOBS THIS WEEK 🔥
Projects Supervisor - Seven Mile Beach, Cayman Islands, from Caribbean Utilities Company, Ltd.
Customer Service Advisor - Madeley, Telford, UK, from AMP Clean Energy
Project Manager Photovoltaic - Ethiopia, from GPC SA
Chief Engineer, P.E. - Saipan, CNMI, from Commonwealth Utilities
Quality Engineer - Basingstoke, UK, from First Recruitment Group
Senior of hoofd documentcontroleur - Netherlands, from Airswift
HSE Coordinator - UK, from AMP Clean Energy
Biomass Fuel Operative - UK, from AMP Clean Energy
Procurement Engineer 4 - Fort Saskatchewan, AB, Canada, from NES Fircroft
Head of Piping Engineering - Nanterre, France, from MPH
SAP PM Specialist - Doha, Qatar, from Kintec Global Recruitment
Senior Internal Auditor - Philippines, from Baker Hughes
Site Manager - Austria, from BOSS Energy Consulting
Process Engineer - France, from BOSS Energy Consulting
PLC Programmer - Germany, from EarthStream Global
Engineering Manager / Design Integrator - Bordeaux, France, from ULTEUM
Transport Operations Manager - Madeley, Telford, UK, from AMP Clean Energy
Principal Land Access and Approvals - Norway, from ENR Global Limited
Controls Technician III - Cayman Islands, from Caribbean Utilities Company, Ltd.
Responder - Rio de Janeiro, Brazil, from Oil Spill Response Ltd
EverGreen Integration Technician - Houston, TX, USA, from Precision Drilling
Project Manager Oil & Gas H/F - Angola, from GPC SA
HSE Superintendent - Nisku, AB, Canada, from Precision Drilling
Lead Auditor - Houston, TX, USA, from Precision Drilling
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RENEWABLE ENERGY NEWS
Renewables firms already planning new onshore windfarms in England
Renewable energy companies have begun work on new onshore windfarms in England for the first time in almost a decade after the new government reversed restrictions the Conservatives had put in place on turbines.
At least half a dozen renewables developers have begun identifying potential sites for full-scale windfarms in England after the Labour party swept to power last week with the promise to make Britain a clean energy superpower.
The new schemes are expected to renew the supply of onshore projects that are essential to the government’s plan to double Britain’s onshore wind capacity to 30GW by 2030.
One of the UK’s biggest wind developers, Germany’s RWE , said it began identifying viable sites to develop onshore windfarms “some time ago”, in advance of Labour’s victory, and expects its pipeline of new projects to develop “quite quickly”.
Other energy companies including EDF Renewables, @RES Group, Coriolis Energy and Ridge Clean Energy have also confirmed that they are moving forward with plans for potential onshore windfarm projects in England.
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Germany embarks on ‘radical change’ to finance renewables
A government compromise in Berlin envisions radical changes to the country’s renewables subsidy approach and details a fleet of backup power plants to underpin the country’s coal exit.
Designed in the late 1990s, Germany’s renewable energy law guarantees wind turbine and solar panel owners a 20-year high price for electricity fed into the grid. The country quickly became famous for its pioneering Energiewende.
This paradigm is on the brink of change, the government announced on Friday (5 July), against the backdrop of fiscal strain and an identified need for backup power generation.
“Our goal is an electricity market that ensures a secure, affordable and greenhouse gas-neutral supply of electricity with at least 80% from renewables,” reads the coalition government’s internal agreement.
To that end, two fundamental principles of the renewables subsidy scheme will be changed as of 2025.
Firstly, there is no remuneration for power produced during times of negative prices when there is already excess power being supplied to the grid. The move pulls forward an EU requirement by two years.
Secondly, there is a paradigm shift in how renewables are supported by the state.
“The expansion of new renewable energies is to be switched to investment cost subsidies,” the agreement reads, adding that this should be done “to allow price signals to have a distortion-free effect.”
Currently, government support is linked to electricity production, ensuring that renewable developers can ensure a minimum revenue level for every unit of power produced.
From guaranteed earnings to a lump sum investment subsidy is a leap – “The experiment of a radical change to investment cost subsidies contains the risk of market uncertainty,” said renewables lobby group BEE on Friday.
>> READ MORE <<
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NUCLEAR & POWER NEWS
China's Artificial Sun Generated a Magnetic Field, Clearing a Real Path for Fusion
China joined the quest for an enormous, internationally cooperative nuclear fusion reactor in 2023. Now, they’ve reached a milestone by generating its magnetic field for the first time—a field that is entirely new in tis design. The “artificial sun” reactor, Huanliu-3 (HL-3), is a tokamak run by 17 collaborating labs and facilities around the world.
While HL-3 puts China in the group of forerunners in nuclear fusion research, this reactor isn’t the largest (by far), and this milestone is only for its own timeline. This reactor is not close to operating consistently or producing energy that compares to the vast amounts of energy it and other similar reactors—known as tokamaks—require to operate.
But HL-3, like many global tokamaks, is considered a proving ground for technologies that nations like China will offer to the truly world-leading ITER project in France. In that sense, each nation’s developments could make a difference going forward.
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EV & BATTERY NEWS
Europe’s battery industry hit by EV slowdown
Europe's nascent battery industry is reeling from the global slowdown in electric car sales, forcing companies to cancel or postpone projects that would have powered more than 2mn EVs for a year.
Slow consumer uptake and competition from Chinese cell manufacturers have led to a pullback in investment plans for about 158 gigawatt hours of forecast production in the region since the start of the year, according to lithium battery consultancy SC Insights. “[The car manufacturers in Europe] are not putting in the orders for the batteries,” said Andy Leyland , managing director of Supply Chain Insights .
A lack of long-term planning by European governments and carmakers will mean “the Chinese take big chunks of the [battery] industry”, he added. European car companies have wound back on electrification plans after battery-powered vehicle sales only grew 2.4 per cent in the region in the first five months of 2024 to about 800,000 units from a year ago.
In a sign of worsening demand, sales fell 11 per cent year on year in May alone, according to data from CRU Group, a commodities business intelligence company. Battery start-ups in Europe have been hit by a series of major setbacks in recent months.
Northvolt , the region’s poster child for domestic battery production, launched a strategic review last week, under which new factories in Germany, Canada and Sweden could be delayed. That decision followed the Swedish group losing a key $2bn contract with BMW Group after it failed to scale up production quickly enough.
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