Interview DNV GL CEO Remi Eriksen: “We see ourselves as data custodian”

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According to DNV GL’s new “Technology Outlook 2025”, the watchwords for the next decade are digitalisation and decarbonisation. In an exclusive interview with Energy Post, DNV GL’s Group President & CEO Remi Eriksen and Chief Group Development Officer David Walker explain the company’s ambitions to use its independence and cross-sectorial energy expertise to become a leading data and knowledge hub in the global energy industry. “We see … [Read more...]

Why oil prices are going up – and will continue to go up

Platform moored in Mossel Bay, South Africa, June 2015, after production was halted due to fall in oil prices (photo Tim Abbott)

Oil prices are going up as oil supply and demand are approaching a more balanced situation, writes geophysicist Jilles van den Beukel. And they will continue to go up as supply is expected to fall below demand in the 2018-2020 period. The key factor in supply reduction is that cost cutting is leading to higher decline rates of mature conventional fields. So far this decline has been compensated by new oil field developments, but the current … [Read more...]

The good news: Brexit will enable a fresh start on climate and energy

Brexit way out (photo Jose Manuel Mota)

The bad news is that upcoming climate and energy legislation in the EU will almost certainly be postponed as a result of Brexit, writes Brook Riley of Friends of the Earth Europe. But the good news is that Brexit will provide an opportunity to make it clear to EU citizens that ambitious climate and energy policies are key to a better future. … [Read more...]

How to support renewables in Europe

solar farm in South West of England (photo Highways England)

The development of green energy in the EU is taking place in a highly inefficient way, with much of the renewable energy sources built in the least productive locations, writes Jakub Kucera, economic analyst at RSJ, a Prague-based investment company. To address this problem, an EU-wide support scheme could be envisaged, but that also has many drawbacks, notes Kucera. He suggests that a combination of an EU-wide scheme with national support … [Read more...]

“Paris Climate Agreement requires huge economic turnaround in Europe”

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The targets agreed to at the Paris climate summit in late 2015 imply a radical change to our economies, a new report by consultancy CE Delft shows. CO2-prices will need to rise to €250/ton in 2050 (compared to some €6 per ton now) and most of the existing industrial installations and infrastructure will need to be replaced. CE Delft compares the scale and impact of the transformation to the one that occurred in Eastern Europe post-1989. … [Read more...]

Energy sector is one of the largest consumers of water in a drought-threatened world

photo Orin Bloomberg

The implications of the global water footprint of energy generation are phenomenal, writes Gary Bilotta of the University of Brighton. He warns that if policy makers fail to take into account the links between energy and water, we may come to a point in many parts of the world where it is water availability that is the main determinant of the energy sources available for use. Courtesy The Conversation. … [Read more...]

A practical solution to windfall profits in the EU carbon market

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This is a rare moment for climate policy making in the EU, writes Emil Dimantchev, senior carbon market analyst at Thomson Reuters. Lawmakers in Europe have begun a process to redesign the EU carbon market with new rules that will take effect after 2020. According to Dimantchev, they should follow the example of California and introduce a dynamic allocation system of CO2 permits. It is the most practical and politically feasible way to end … [Read more...]