Arnold Frinks

Competitiveness is key for assets to be successful in the energy transition, and the most resilient refineries will have strong margins and a low carbon intensity. What is the current state of the refining and oil products market in the energy transition, and what are refiners’ top options to reduce emissions? Read on below.

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New Dutch coalition aims for more offshore gas extraction, nuclear energy - Among the proposals are plans to increase drilling for domestic gas in the North Sea and build at least four nuclear power plants

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🚀 Unlocking Innovation: Why IT Companies Must Partner with Oil & Gas Institutions and Academia! 🤝 In today's dynamic Oil & Gas sector, collaboration is key to driving innovation and accelerating growth. That's why forging strategic partnerships and alliances with Oil & Gas institutions and academia is essential for IT companies looking to make a meaningful impact. Here's why: 1️⃣ Access to Domain Expertise: Partnering with leading Oil & Gas institutions and academia grants IT companies access to invaluable domain expertise. This collaboration enables a deeper understanding of industry challenges and opportunities, paving the way for tailored technological solutions. 2️⃣ Innovation Catalyst: Collaborating with academia fuels innovation by leveraging cutting-edge research and development. By tapping into academic resources and expertise, IT companies can stay at the forefront of technological advancements, driving continuous innovation in the Oil & Gas sector. 3️⃣ Market Expansion: Partnering with Oil & Gas institutions opens doors to new markets and business opportunities. These alliances enable IT companies to showcase their solutions to industry leaders, fostering relationships and driving market expansion. 4️⃣ Talent Acquisition: Collaborating with academia provides IT companies with access to top-tier talent. By engaging with universities and research institutions, IT companies can recruit skilled professionals and fresh graduates with specialized knowledge, ensuring a competitive edge in talent acquisition. 5️⃣ Sustainable Solutions: Partnering with Oil & Gas institutions and academia promotes the development of sustainable solutions. By combining IT expertise with industry insights and research capabilities, companies can address environmental challenges and drive the adoption of sustainable practices in the Oil & Gas sector. In summary, strategic partnerships and alliances with Oil & Gas institutions and academia offer IT companies a plethora of benefits, from access to domain expertise and innovation catalysts to market expansion and talent acquisition. Embracing collaboration is the key to unlocking the full potential of technology in driving growth and transformation in the Oil & Gas industry! 💡🌍 #OilAndGas #Technology #Innovation #Collaboration #Partnerships #Academia #Sustainability #DigitalTransformation

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Competitiveness is key for assets to be successful in the energy transition, and the most resilient refineries will have strong margins and a low carbon intensity. What is the current state of the refining and oil products market in the energy transition, and what are refiners’ top options to reduce emissions? Read on below.

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I have friends in the Dutch energy transition community (i really do) and they have been doom and gloom ever since the election. They should cheer up. The new coalition agreement actually shows how deep and unstoppable is the political momentum for the energy transition. My strictly personal take on the policy developments that have been condemned on social media as pushing the planet to a fiery doom is the following: ·      Shifting renewable deployment emphasis to offshore wind with consideration for fisheries: This makes perfect sense in an infrastructure constrained country where onshore renewable interconnection became extremely challenging anyway. With a strong maritime engineering sector, offshore wind will support Dutch green jobs, the latest tenders already had marine ecology assessments which the industry incorporated into project designs. ·      Support for carbon capture: CCS is mainstream climate science, it features in the transition strategies of most net zero jurisdictions including the EU’s which was designed by Dutch green leader Mr Timmermans in his previous role at the Commission. CCS will enable Rotterdam remaining an industrial hub in the net zero society. ·      Existing nuclear stays open, new nuclear is encouraged: Prematurely shutting down nuclear led to increased fossil fuel use in every single place that tried it. Given the space constrains and high industrial energy use of the Netherlands, keeping nuclear in the mix for the long term is a reasonable strategy. ·      Eliminating EV subsidies: given the amazing technology learning curve of EV batteries, I have no doubt that a dynamic EV penetration will continue. A lot of those subsidies ended up anyway in the upper middle class suburbs swarming with Teslas. ·      Eliminating the 100 km/h speed limit: the only losers will be the apps that everyone uses to evade radar control. This regulation was never consistent with social preferences. With electric cars, it does not matter. ·      Maintaining offshore oil and gas production: We might have to agree to disagree, but shutting down hydrocarbon production in stable democracies ahead of the physical transition of demand only benefits the hostile dictatorships and corrupt oligarchs who would step into the market gap while demand is there. The Netherlands has very tough environmental regulations on the oil and gas industry, if it plays a role in serving the remaining demand that is good for the planet. I’m certain that we will see a speedy decline of Dutch CO2 emissions under the new coalition agreement. If this is what is labelled as “climate sceptic backlash’, take the win. There will of course be disagreements and debates on various policies as well as on broader social and cultural issues. This is natural, and the Netherlands has a strong democratic tradition to resolve them. My plea to the Dutch green community is to maintain open minded collaboration.

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Hydrogen: A Vital Component in Achieving Net Zero 🌍💧 This week, the industry came together at the World Hydrogen Summit & Exhibition in Rotterdam to discuss the pivotal role of hydrogen in the journey towards net zero. Exciting news was shared with the announcement of the delivery of a world-first certified bulk shipment of low-carbon ammonia to Japan. This landmark cargo was made possible by capturing CO2 for permanent storage deep underground. This achievement is a testament to the progress being made in the low-carbon hydrogen economy. Through innovative technology and strategic partnerships, the goal is to capture 5% of the global market by 2030. #EnergyForLife #WorldHydrogen2024 #NetZero #HydrogenEconomy #SustainableFuture #InnovativeTechnology #CarbonCapture #GreenEnergy #GlobalPartnerships

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This landmark agreement marks a significant expansion of our presence on the UK Continental Shelf as it integrates Eni's UK upstream operations with Ithaca Energy, creating a leading production and growth company in the region. The Combination, effective by the second half of 2024, is expected to reach over 100,000 barrels of oil equivalent per day, with the potential to organically grow to more than 150,000 boepd by the early 2030s - numbers that testify our long-term commitment to the stability and expansion of the UK’s #energysector. After the successful Vår Energi and Azule Energy combinations, we once again applied our distinctive Satellite Model: lean, focused, and financially independent operations, aimed at creating value through operational and financial synergies. Indeed, our integration with Ithaca Energy combines our expertise and resources with Ithaca’s operational excellence and solidifies our position in the UKCS establishing a material portfolio with significant growth and optimization opportunities. Together with our #CCS projects HyNet and Bacton Thames, we’re becoming a major player in the UK’s energy sector helping to address the key challenges of security, affordability and sustainability of energy supply. https://lnkd.in/dk5M3PyC

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Looking forward to this event. See lines below for what I will cover during the presentation! -- >200 proven technologies to optimise turnarounds, at your fingertips   The B2B technology platform TechnologyCatalogue.com was launched in 2018 with the aim to make it as easy as possible to find & select technologies, and to get those technologies deployed.  It contains >200 technologies to improve turnarounds The platform content is growing rapidly using AI

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Aramco awards $7.7 billion contracts to add 1.5 bscfd of raw gas to Fadhili Gas Plant Aramco, one of the world’s leading integrated energy and chemicals companies, today awarded engineering, procurement and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the Eastern Province of Saudi Arabia. The project is expected to increase the plant’s processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). This additional 1.5 bscfd of processing capacity is expected to contribute to the company’s strategy to raise gas production by more than 60% by 2030, compared to 2021 levels. The Fadhili Gas Plant expansion, which is expected to be completed by November 2027, is also expected to add an additional 2,300 metric tons per day to sulphur production. For expanding your business in KSA, contact us today at partner@novarabia.com. Source: https://lnkd.in/g9PGsh56 #Aramco #FadhiliGasPlant #SaudiArabia #EPCContracts #Energy #Chemicals #GasProduction #SulphurProduction #ExpansionProject #Investment #BusinessOpportunity #KSA #EasternProvince #Infrastructure #OilandGas #Engineering #Procurement #Construction #EconomicDevelopment #SaudiVision2030 

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It’s Friday again! Enjoy our week No. 1️⃣7️⃣ in the Market Round-up presented by our Esgian Rig Analytics team! Feel free to share this with your connections and follow us at Esgian Rig Service. #Esgian #RigAnalytics #MarketUpdate

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Nice summary, Michael! For those concerned about pricing, welcome to emerging sectors within emerging markets. New types of credits, in particular those tied to oil and gas, need time to be understood and markets need better transparency. Support from the global marketplace and governments like that announced last week by the Biden administration go along way in establishing credibility and transparency but it takes time. Consider it took 4 + years of work by Maris/ ACR at Winrock International and others just to have the first credits hit the market- in 2024! We’re just beginning to build awareness as an industry sector and demand is coming, it just takes patience and a lot of education.

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Groningen Gas Field Closure: Farewell to a Giant, Impact on the Market: - The Netherlands recently closed the Groningen gas field, a monumental decision with significant implications for the European gas market. - It is the largest natural gas field in Europe and one of the largest in the world, with an estimated 2,740 billion cubic meters of recoverable natural gas. - Farewell to a Giant: 1.The Groningen field held a staggering 450bn m3 of remaining reserves – that's more than half of the EU's entire gas consumption in 2023. 2.By leaving this substantial reserve untapped, the Netherlands takes a bold step towards sustainability. 3.Production peaked in the mid-1970s at over 80bn m3 annually, supplying a substantial chunk of Europe's gas needs. -Reason for Closure: 1.The decision is rooted in safety and environmental concerns , for example the seismic activity linked to gas extraction caused damage to buildings and raised safety concerns. 2.The Dutch government prioritized public safety over continued production. - Potential Market Impact: 1.While it won’t significantly affect the TTF (Title Transfer Facility) prices, it sends a clear signal to the gas market. 3.The closure could lead to moderately higher gas prices in Europe. 4.Europe will become more reliant on pipeline imports and Liquefied Natural Gas (LNG) to meet demand. 5. The market may experience less flexibility and potentially higher vulnerability to supply disruptions. Nuances to Consider: The closure has been gradual, allowing Europe to prepare for alternative sources. The impact on prices might be mitigated by factors like increased LNG supplies.

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Thrilled to see so many particpants at day 2 of the first General Assembly on European Industrial Alliance on Small Modular Reactors. It is obvious that there is a lot of momentum. Netherlands can contribute to a large variety of topics e.g. Urenco Nederland (Fuel Cycle), THORIZON (Molten Salt Reactors initiative), Nuclear Academy and our SMR development activities within NRG PALLAS

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Equinor is planning the development and production of the oil and natural gas field in three phases, stating that this is because of vast resources. #subsea #offshoreenergy Allseas 

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