In the near future approximately 250 oil platforms need to be decommissioned in the European waters. Oil companies are not excited to spend money on this extensive transformation project where costs could excell to $60 billion in 2040. Circular economy could be a result.
Recently, JBR organised a Round Table discussion together with Eco-effective Strategies and CRS Holland. Theme was circular decommissioning. Key question was whether the concept of circular economy could provide a catalyst for the decommissioning market in the North Sea. This presentation provides an insight into the decommissioning markets and its players.
Eco-Effective Strategies shows that the concept of circular economy may lead to new insights on the issue surrounding offshore platforms in the North Sea. Current platforms can be reused for other economic purposes, such as energy production and aquaculture.
Due to the rapidly expanding renewable energy capacity in the Netherlands, new challenges with regards to the storage of electricity are to be expected. AES Energy Storage has responded to these challenges by building an battery-based energy storage in the Netherlands. However, it remains to be seen whether this initiative is based on a viable long-term business case.
The sharp fall in oil prices has far reaching consequences for the oil industry. The price of crude oil is determined by supply and demand. This article explains some fundamental developments that influence the demand and supply of the oil market.
For the next 25 years the developments in the oil market are forecasted based on the change in the energy mix and the geopolitical situation. Finally, some considerations are described for companies active in the oil industry.
Recently JBR organized an offshore meeting about the fluctuating oil price. 18 executives from the offshore sector attended the event. Sijbren de Jong, strategic analyst at HCSS, opened the event with a presentation about geopolitical influences on the oil price. Peter Waaijer then presented the vision of Dyas, an investor in oil and gas fields.
The final presentation was held by Mirthe van Schrojenstein Lantman and Jeroen van Leeuwen, both consultant at JBR. They discussed the direct effects of the fluctuating oil price on the offshore sector and they presented the vision of JBR. The event concluded with a discussion. All attendees agreed that the offshore sector faces tense times and that the recent drop in the oil price is structural. “We will not reach the $100 per barrel again in the near future”.
A lot of companies in the care market are facing financial problems as a result of changing laws and regulations. For some companies consolidation is the only option to survive.
CRS Holland focuses on the decommissioning of subsea cable systems, a young business that has been developed since 2009. CRS Holland illustrates that a circular approach can go hand in hand with the objectives of a commercial company.
It might take some time but the crewless vessel will sail the oceans. No crew means no more cabins, so more space for cargo and slow steaming because this is more cost efficient.
Op 22 oktober jl. vond de Ronde Tafel Offshore plaats op het nieuwe kantoor van JBR aan het Rond in Zeist. Te gast was een kleine 15 tal toonaangevende relaties van JBR uit de offshore en maritieme wereld. Onder leiding van BNR dagvoorzitter Hester van Dijk werd het thema “Winning strategies of niche players versus the strength of conglomerates within the maritime and offshore sector” uitgediept.