Home | Contact ST  
Follow ST

Marine Resources

2018:  FEB

February 2017 Issue

FLiDAR to Assess
Wind Offshore France

AXYS Technologies Inc.’s FLiDAR WindSentinel buoy has been deployed in Brittany, France, as part of the energy assessment for the Bay of Saint-Brieuc commercial offshore wind farm development managed by Ailes Marines. The FLIDAR WindSentinel system has dual lidar sensors to measure the wind resource and expected energy production at the offshore wind farm. It will be deployed for a minimum of 12 months to gather comprehensive wind speed and wind direction data up to heights of 200 m, along with metocean data including directional waves, ocean currents, tide, salinity, water temperature, atmospheric pressure and air temperature.

WOC, USAID Partner to
Combat Illegal Fishing

The World Ocean Council (WOC) and the U.S. Agency for International Development (USAID) announced a new partnership in support of the Oceans and Fisheries Partnership (USAID Oceans) to build a regional innovation and partnership platform for the development and expansion of a Catch Documentation and Traceability System (CDTS) to combat IUU fishing practices in the Asia-Pacific region. Companies interested in participating may contact the WOC at info@oceancouncil.org. The WOC and USAID Oceans will work together to: identify and engage companies and organizations that will support and contribute to USAID Oceans’ CDTS Technical Advisory Group in identifying future partnership activities and leveraged resources; engage key companies from fisheries, technology, data management, telecommunications and other sectors essential to the development, improvement, operation and expansion of the CDTS; identify business and investment models to sustain the CDTS beyond the life of USAID Oceans; and identify approaches and strategic partnerships for industry and governments to expand the availability of lower cost technologies and remote/at-sea connectivity to support the expansion of data collection for CDT, fisheries management and enforcement. USAID Oceans, with the WOC’s collaboration, will pilot the CDTS in General Santos City, Philippines, and Bitung, Indonesia, with regional expansion and capacity building in traceability and fisheries management to follow.

SPE Invests to
Promote STEM

With reports highlighting the skills gap in science, technology, engineering and math (STEM) subjects in the U.K., the Society of Petroleum Engineers’ (SPE) Aberdeen Section has invested almost £200,000 over the last five years to support STEM initiatives. SPE Aberdeen’s Schools and Careers Guidance Committee plays a significant role in encouraging young people to study STEM subjects fundamental to the energy industry’s future workforce. Activities such as workshops at the Techfest Festival of Science, which take place in Aberdeen, are supported by profits from SPE Aberdeen events and offer thousands of children the opportunity to get a hands-on introduction to STEM subjects each year. Another important enterprise SPE has supported over the years is Inside Industry, the only tool of its kind focused on providing industry-driven career information and advice. The career guidance website, which is targeted specifically toward the energy industry, has been rolled out across 300 schools in Scotland.

Since 2011, SPE Aberdeen has invested almost £80,000 in scholarships to support students studying oil and gas-related qualifications in order to relieve the financial stresses faced by students and allow them to focus on their studies.

Maritime Credit Fund
Exceeds Initial Target

Northern Fund Management America LLC, an alternative capital provider to the shipping and offshore oil service sectors, has completed a final closing for Northern Shipping Fund III LP, with total investor commitments of $505 million. The fund is one of the largest funds dedicated to maritime credit. The maritime credit fund, managed by Northern Shipping, exceeded its initial target of $400 million. Led by Sean Durkin and Sybren Hoekstra, the fund will continue the firm’s strategy of directly originating, structuring and maintaining a diversified portfolio of investments within the maritime sector.

“We believe that a favorable investment climate exists for our alternative credit strategy as the maritime sector continues to suffer from the retrenchment of traditional lending from European banks,” said Hoekstra.

EIA Projects Energy
Outlook Through 2050

Annual Energy Outlook 2017” (AEO2017), released by the U.S. Energy Information Administration (EIA) at www.eia.gov/outlooks/aeo, presents updated projections for U.S. energy markets through 2050. The U.S. becomes a net energy exporter in most AEO2017 cases as petroleum liquid imports fall and natural gas exports rise. Exports are highest, and grow throughout the projection period, in the High Oil and Gas Resource and Technology case, as favorable geology and technological developments combine to produce oil and gas at lower prices.

The High Oil Price case provides favorable economic conditions for producers while restraining domestic consumption, enabling the most rapid transition to net exporter status.

In all cases but the High Oil and Gas Resource Technology case, which assumes substantial improvements in production technology and more favorable resource availability, U.S. production declines in the 2030s, which slows or reverses projected growth in net energy exports.

EIA’s projections show how advances in technology are driving oil and natural gas production, renewables penetration and demand-side efficiencies and reshaping the energy future.

Energy consumption is consistent across all AEO cases, bounded by the High and Low Economic Growth cases. In all AEO cases, the electric power sector remains the largest consumer of primary energy. Unlike energy consumption, projections of energy production vary widely. Production growth is dependent on technology, resource and market conditions. Total energy production increases by more than 20 percent in the Reference case, from 2016 through 2040, led by increases in crude oil and natural gas production. Energy-related carbon dioxide emissions decline in most AEO cases.

2018:  FEB

-back to top-

Sea Technology is read worldwide in more than 110 countries by management, engineers, scientists and technical personnel working in industry, government and educational research institutions. Readers are involved with oceanographic research, fisheries management, offshore oil and gas exploration and production, undersea defense including antisubmarine warfare, ocean mining and commercial diving.