New base energy news 10 october 2020 issue no. 1380 senior editor eng. khaled al awadi

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NewBase Energy News 10 October 2020 - Issue No. 1380 Senior Editor Eng. Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
UAE: Adnoc and Group 42 form JV to develop AI products for
oil and gas industry
G24 + NewBase
 AIQ will develop AI applications for the global oil and gas industry and help
accelerate industry adoption of advanced technologies in the UAE
 JV supports ADNOC’s continued drive to leverage AI to optimize performance
and grow the UAE’s innovation ecosystem
Adnoc's head office in Abu Dhabi. AIQ, a joint venture in which Adnoc owns 60 per cent, has already
begun developing new products. Reuters Adnoc has formed a joint venture with Abu Dhabi artificial
intelligence firm Group 42 to develop and commercialise AI products and applications for the oil and
gas industry.
Named AIQ, the new company is 60 per cent owned by Adnoc and 40 per cent by G42, the state-
owned oil company said on Wednesday. AIQ combines AI modelling, supercomputing and a team
of data scientists and software engineers from G42 with Adnoc's oil and gas industry expertise and
a vast amount of data.
G42 owns and operates Artemis, the world’s 26th-most powerful supercomputer. “Through this new
joint venture, we are able to accelerate the development of new AI solutions to optimise processes,
www.linkedin.com/in/khaled-al-awadi-38b995b

improve planning and increase profitability for Adnoc and the wider oil and gas industry," Dr Sultan
Al Jaber, Minister of Industry and Advanced Technology and Adnoc Group chief executive, said.
Adnoc has been building in-house capabilities for data gathering and reporting since 2018 with the
opening of its Panorama Digital Command Centre.
Data gathering, modelling tools and predictive maintenance machine learning technology allow the
company to avoid service disruptions and respond swiftly to market dynamics – which have been
critical in 2020.
The energy industry is facing its biggest shock in 70 years from the coronavirus pandemic, according
to the International Energy Agency, which forecast that global energy demand will fall by 6 per cent
this year, about seven times the rate of decline after the 2008 global financial crisis.
“The use of AI, combined with G42’s supercomputing capabilities, as well as Adnoc’s industrial
expertise and breadth of data, will unlock efficiencies across the entire value chain, inspiring new
approaches," said Peng Xiao, group chief executive of G42.
AIQ has started work on a number of projects across the oil and gas value chain such as drilling
performance, reservoir modelling, corrosion detection and product quality monitoring.
The launch of AIQ comes after the signing of the agreement between Adnoc and G42 in November
2019. The chairman of AIQ is Abdulmunim Al Kindy of Adnoc, with G42's Peng Xiao and Mansoor
Al Mansoori on the board of directors.

Egypt's Abu Qir Fertilizers mulls $B2.6 Methanol & Ammonia plants
REUTERS/Amr Abdallah Dalsh + By Staff Writer, Mubasher
Abu Qir Fertilizers is considering the establishment of a methanol plant inside Ain Sokhna Port with
an investment cost of about $2.6 billion. The methanol project is planned to be 70% financed by
bank loans.
The potential project will be jointly owned by Abu Qir Fertilizers, Helwan Fertilizers Company, and
Al Ahly Capital Holding, according to a bourse disclosure on Tuesday. The first phase of the project
is expected to be implemented with $1.6 billion, while the investment cost of the second phase is
estimated at $1 billion.
The annual output capacity of the first phase is forecast to reach 1 million tonnes of methanol and
400,000 tonnes of ammonia planned to be totally exported.
The company received an initial approval from the Suez Canal Economic Zone (SCZone) for the
allocation of 1.6 million square
metres for the establishment of
the project and also obtained an
initial approval from the Ministry
of Petroleum and Mineral
Resources for the amount of gas
required for the project.
The methanol project is planned
to be 70% financed by bank
loans and 30% self-financed.
During fiscal year 2019/2020, the
company logged net profits of
EGP 2.69 billion, down from EGP
3.16 billion a year earlier.

U.S Winter energy bills is likely to be similar to last winter’s
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), Winter Fuels Outlook, October 2020
On average, across the United States, households can expect heating expenditures this winter
(October through March) to be higher than last winter, according to the U.S. Energy Information
Administration’s (EIA) Winter Fuels Outlook. EIA and the National Association of State Energy
Officials (NASEO) are holding a free webinar at 10:00 a.m. ET today about the Winter Fuels
Outlook; registration is required.
Note: Propane expenditures are a weighted average of Midwest and Northeast expenditures. All
other fuels are national averages.
Compared with last winter’s heating bills, EIA expects households that primarily use natural gas or
electricity will have slightly higher energy expenditures this winter, and households that use propane
will spend 14% more. EIA expects households that use heating oil to spend 10% less than last
winter. Fuel expenditures in EIA’s Winter Fuels Outlook reflect consumption and the bills for all uses
of energy in the household—not just heating.
EIA bases its forecast of winter heating expenditures on its fuel price and consumption forecasts
and the National Oceanic and Atmospheric Administration’s (NOAA) weather forecasts. Because
U.S. winter heating demand is highly dependent on weather, EIA’s Winter Fuels Outlook includes
two additional forecasts, one for colder weather and one for warmer weather this winter.
EIA expects the average U.S. household to consume more fuel for space heating this winter than
last winter. Based on NOAA’s forecast, this winter will be colder in the United States, and
average heating degree days in EIA’s forecast are 5% higher than last winter.

In addition, EIA expects that ongoing efforts to reduce the spread of the coronavirus and more
people working and attending school at home will contribute to higher levels of home heating use
this winter than in previous winters.
EIA expects residential natural gas and electricity prices this winter to be similar to last winter’s
prices, but with regional variations. Propane retail prices in this forecast are higher than last winter,
and heating oil retail prices are lower.
Natural gas is the most common space heating fuel in 28 states and the District of Columbia.
Electricity tends to be more common in southern states. Heating oil is much more common in the
Northeast than in other regions and is the most prevalent primary heating fuel in four northeastern
states. Propane is more common in the Midwest, but it is not the most prevalent heating fuel in any
individual state.

UK: Eni project awarded carbon storage licence Energy integration in action
Source: Eni
The Oil and Gas Authority (OGA) has awarded a carbon dioxide (CO2) appraisal and storage
licence (CS licence) to Eni UK.
The CS licence will cover an area located within the Liverpool Bay area of the East Irish Sea. Under
the CS licence, Eni plans to reuse and repurpose depleted hydrocarbon reservoirs (the Hamilton,
Hamilton North and Lennox fields) and associated infrastructure to permanently store CO2 captured
in NW England and N Wales.
The application for a CS licence was made by Eni in order to help address the decarbonisation
needs of NW England and N Wales and aims to be part of a collaborative effort with industrial
companies to capture and transport CO2 from existing industries and future hydrogen production
sites for fuel switching, heating, power and transportation in the context of UK targets for net zero
emissions by 2050.
Eni expects the project to benefit local communities by creating new job opportunities and assist to
develop the economy of the area whilst providing a tangible pathway to energy transition and
decarbonisation.
Dr Andy Samuel, Chief Executive of the OGA said:
'The OGA is very pleased to award this licence for what we hope will be a highly successful project.
The Energy Integration work we’ve been leading shows that the combination of various energy
systems, including carbon capture and hydrogen, can make a significant contribution to the UK’s
net zero 2050 target. HyNet is an exciting example of energy integration in action – re-using existing
infrastructure and depleted reservoirs for significant carbon storage, coupled with hydrogen
generation for a variety of innovative uses.'
Claudio Descalzi, Eni Chief Executive commented:

'I’m delighted and proud to announce
the award of the licence CS004 for
carbon storage in the UK, first licence
of its kind for Eni. This is a vitally
important project for Eni and
represents a milestone for the 2050
Net Zero ambitions of the UK and a
fundamental pillar for the strategy of
energy transition and decarbonisation
that Eni is strongly committed to.'
Eni has been awarded a CS Licence
with a six-year ‘Appraisal Term’,
allowing assessments and planning that may lead to a subsequent application to the OGA for a
storage permit and the associated approvals required prior to any CO2 storage operations
commencing.
Background
 Carbon capture and storage (CCS) refers to a number of techniques and processes which
capture carbon dioxide emissions, generally from industrial processes. The CO2 can then be
transported, including via repurposed gas pipelines, and stored, for example in underground
locations within the rock formations below the East Irish Sea.
 Details about the the HyNet carbon capture and hydrogen generation scheme can be found
at https://hynet.co.uk/
 The ‘Appraisal Term’ is six years, however an application for a storage permit can be
submitted at any time during the Appraisal Term and will be subject to appropriate
assessments and evaluations.
 The OGA is the licensing authority for offshore carbon dioxide storage in the UK, approving
and issuing carbon dioxide storage and appraisal licences, storage permits, and maintaining
the carbon storage public register.
 It should be noted that the licences do not convey permission for development activities
including drilling and injection testing: these require further consents from the OGA.
 Certain activities proposed under CS licences may also be subject to specific environmental
assessment by BEIS (Offshore Petroleum Regulator for Environment and Decommissioning
(OPRED)).
 A licensee also requires a lease from the Crown Estate/Crown Estate Scotland (as
applicable) before undertaking storage activities.
 The OGA also asks petroleum licence operators, as part of approving any cessation of
production plans, to show that they have considered economic development opportunities,
including the CCS potential, for any infrastructure.
 In addition, the OGA is a statutory consultee to the Offshore Petroleum Regulator for
Environment and Decommissioning (OPRED), in relation to operators’ decommissioning
plans, in particular whether reuse opportunities or potential has been considered.
 BEIS leads government policy on CCS.

NewBase October 10-2020 Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Oil prices slip over 1% after Norway oil worker strike ends
Reuters + Bloomberg + NewBase
Oil prices slipped more than 1% on Friday after an oil worker strike in Norway ended, which should
boost crude output even as Hurricane Delta forced U.S. energy firms to cut production.
Brent futures LCOc1 fell 49 cents, or 1.1%, to settle at $42.85 a barrel, while U.S. West Texas
Intermediate (WTI) crude CLc1 fell 59 cents, or 1.4%, to settle at $40.60.
Despite Friday’s price slide, both benchmarks gained about 9% this week, their first increase in
three weeks and the biggest weekly rise for Brent since June. Oil futures climbed earlier in the week
due to concerns the strike in Norway and the hurricane headed for the U.S. Gulf Coast would cut
crude output.
Norwegian oil firms struck a wage bargain with labour union officials on Friday, ending a 10-day
strike that had threatened to cut the country’s oil and gas output by close to 25% next week.
Oil price special
coverage

“One of the bullish factors that had been supporting prices fell apart late in the day when it was
announced that Norway would end their strike,” said Phil Flynn, senior analyst at Price Futures
Group in Chicago.
Also weighing on prices were doubts voiced by Republicans in the U.S. Senate that a coronavirus
economic stimulus deal could be reached before the Nov. 3 election. Earlier in the day, oil prices
briefly turned positive after U.S. House Speaker Nancy Pelosi said she would resume talks on a
possible $1.8 trillion COVID-19 stimulus package with Treasury Secretary Steven Mnuchin.
Hurricane Delta, meanwhile, dealt the greatest blow to U.S. offshore Gulf of Mexico energy
production in 15 years, halting most of the region’s oil and nearly two-thirds of natural gas output.
Looking ahead, JP Morgan said that a worsening global oil demand outlook due to a potential rise
in coronavirus cases this winter would likely prompt the Organization of the Petroleum Exporting
Countries (OPEC) to reverse a planned easing of oil cuts in 2021, with Saudi Arabia offering deeper
cuts below its current quota.
Biggest Oil Hedges Get Pricier on Global Aviation Collapse
The cost for oil producers to lock in the price at which they sell their crude has soared because of
the collapse in the aviation industry.
It emerged this week that Mexico may be trying to organize its annual oil-price hedge, the biggest
sovereign program of its kind in the world. As well as Mexico, producers everywhere from Oklahoma
to the North Sea will try to guarantee the future price for their barrels, often through options trades
that pay out if the oil market collapses.

However, their efforts have been rendered far costlier in the past few months because airlines are
not making the opposite side of the trade by insuring themselves against high prices. With
international flights still way down on where they were before Covid-19 struck, the airlines have all
but abandoned the options market, meaning the cost of the contracts for oil producers has spiraled.
“It’s becoming extremely difficult for big producers to hedge without the large airline flows around,”
said Thibaut Remoundos, founder of Commodities Trading Corp. in London, which advises oil
producers on their hedging strategies. “Some don’t have a choice and have to spend premium to
buy puts, which are expensive.”
In normal times, producers like Mexico will buy bearish put options, whose volatility would normally
be a fraction higher than an equivalent bullish call option. When air travel ground to a halt in the
depths of the virus outbreak, that relationship -- known as the skew -- exploded. In other words, puts
to insure against a price crash soared relative to comparable calls. The relationship shows no sign
of returning to normal.
In the esoteric world of the oil options market, consumers, notably airlines, tend to manage their fuel
bills by purchasing call options to cap what is normally their single biggest cost. They will also sell
puts to cheapen that transaction. But with air travel so restrained, far fewer are selling the put options
that producers want to buy, ramping up the cost of producer deals.
The premium for puts showed up clearly on Thursday. A set of contracts for 2021 that would lock in
$40 a barrel for a producer traded at a cost of $4.10 a barrel. On average last year, when oil was
higher and volatility was lower an equivalent option would have been between $1.25 and $1.50
cheaper, Remoundos said.

While the issue is one that affects all oil producers, the Mexican hedge -- if it’s happening as many
traders suspect -- would be the starkest example. In previous years, the country paid $1 billion to
lock in the value of its crude sales.
Very Thin
“The hedge market for the Mexican mix is very thin,” Mexican Finance Minister Arturo Herrera said
last month.
The slump in consumer flows comes after airlines suffered billions of dollars of losses on oil
derivatives that proved to be useless when the virus stopped people flying. The collapse in global
air travel meant they were holding loss-making positions that covered fuel that would no longer even
be used.
There’s little sign the situation will improve any time soon. In July, European airline Ryanair Holdings
Plc said it won’t resume fuel hedging until the market is clear of Covid-19. The more carriers that
follow suit, the fewer companies there would be to effectively make the opposite side of oil-producer
hedges.
As long as put options remain expensive, it’s going to be more costly for everyone from U.S. shale
producers to North Sea companies -- and producer states -- to use options to lock in their output.
“With implied volatility high versus a year ago, the cost of hedging in turn will be a little bit higher if
you are only buying an option,” said Harry Tchilinguirian, head of commodities strategy at BNP
Paribas. “You can lower your actual hedging cost, in the case of a producer, by selling a call.”

NewBase Special Coverage
The Energy world – October 09- September -2020
UK Gov. new plans to make UK world leader in green energy
Source: UK Government
The Prime Minister has set out new plans to Build Back Greener by making the UK the world
leader in clean wind energy – creating jobs, slashing carbon emissions and boosting exports.
£160 million will be made available to upgrade ports and infrastructure across communities like
in Teesside and Humber in Northern England, Scotland and Wales to hugely increase our offshore
wind capacity, which is already the largest in the world and currently meets 10 per cent of our
electricity demand.

This new investment will see around 2,000 construction jobs rapidly created and will enable the
sector to support up to 60,000 jobs directly and indirectly by 2030 in ports, factories and the supply
chains, manufacturing the next-generation of offshore wind turbines and delivering clean energy to
the UK.
Through this, UK businesses including smaller suppliers will be well-placed to win orders and further
investment from energy companies around the world and increase their competitive standing on the
global stage, as well as supporting low-carbon supply chains.
The Prime Minister has also set out further commitments to ensure that, within the decade, the UK
will be at the forefront of the green industrial revolution as we accelerate our progress towards net
zero emissions by 2050.
These include:
Confirming offshore wind will produce more than enough electricity to power every home in the
country by 2030, based on current electricity usage, boosting the government’s previous 30GW
target to 40GW.
Creating a new target for floating offshore wind to deliver 1GW of energy by 2030, which is over 15
times the current volumes worldwide. Building on the strengths of our North Sea, this brand new
technology allows wind farms to be built further out to sea in deeper waters, boosting capacity even

further where winds are strongest and ensuring the UK remains at the forefront of the next
generation of clean energy.
Setting a target to support up to double the capacity of renewable energy in the next Contracts for
Difference auction, which will open in late 2021 - providing enough clean, low cost energy to power
up to 10 million homes
These commitments are the first stage outlined as part of the Prime Minister’s ten-point plan for a
green industrial revolution, which will be set out fully later this year. This is expected to include
ambitious targets and major investment into industries, innovation and infrastructure that will
accelerate the UK’s path to net zero by 2050.
Prime Minister Boris Johnson said:
'Our seas hold immense potential to power our homes and communities with low-cost
green energy and we are already leading the way in harnessing its strengths.
'Now, as we build back better we must build back greener. So we are committing to
new ambitious targets and investment into wind power to accelerate our progress
towards net zero emissions by 2050.
This sets us on our path towards a green industrial revolution, which will provide tens
of thousands of highly-skilled jobs.'

Together with planned stringent requirements on supporting UK manufacturers in government-
backed renewables projects, these measures will mean the industry can reach its target of 60% of
offshore wind farm content coming from the UK.
Business and Energy Secretary Alok Sharma said:
'The offshore wind sector is a major British success story, providing cheap, green
electricity while supporting thousands of good-quality jobs.
'Powering every home in the country through offshore wind is hugely ambitious, but
it’s exactly this kind of ambition which will mean we can build back greener and reach
net zero emissions by 2050.'
Today’s announcement marks the latest stage of the government’s support for renewable energy.
Last September the third round of the Contracts for Difference renewable energy auction delivered
record-low prices on enough clean energy to power 7 million homes. Earlier this year the
government announced the next round would be open to onshore wind and solar projects for the
first time since 2015.
The UK has the largest installed capacity of offshore wind in the world, with around 10GW in
operation off its coasts.
The government’s plan for renewable energy forms part of wider efforts to ensure the UK meets its
legally binding target to reach net zero emissions by 2050 and build back greener from coronavirus.
Over the past decade, the UK has cut carbon emissions by more than any similar developed
country. In 2019, UK emissions were 42 per cent lower than in 1990, while our economy over the
same period grew by 72 per cent.
Hugh McNeal, CEO of RenewableUK, said:
'The government has raised the ambition for offshore wind and renewables, and our
industry is ready to meet the challenge. A green recovery with renewables at its heart
will be good for consumers and jobs, as well as helping to meet our 2050 net zero
emissions target. Support for new floating wind projects will ensure the UK stays at the
forefront of global innovation in renewables, and provides new opportunities in the low
carbon transition.'
Energy UK’s Chief Executive, Emma Pinchbeck, said:
'The UK’s power sector has reduced emissions by nearly 70%, but we know we need
to go further and faster on the road to Net Zero. The energy industry will work with
Government to turn our world-leading low carbon power sector into a Green Recovery
for the whole economy.
'The package of support for offshore and floating wind announced by the Prime Minister
today takes a UK decarbonisation success story and winds it up to a scale fit for the
Green Recovery, creating jobs and billions of pounds of investment.
'We need to build back better for the environment, for the economy and for
communities. We look forward to the Prime Minister’s ten-point plan for the low carbon
industrial revolution, later this autumn.'
Keith Anderson, CEO of ScottishPower, said:

'These bold ambitions and clear targets are exactly the right signals at exactly the right
time. They will encourage long-term investment and innovation from the renewables
industry – and they will boost employment and economic benefits right across the UK.
ScottishPower is committed to doubling down on our commitments to delivering 100%
clean green energy that matches the UK’s aim to cut emissions for every home.'
Benj Sykes, Industry Chair of OWIC, said:
'Offshore wind is on track to become the backbone of Britain’s electricity system,
providing reliable, low-cost clean power to homes and businesses across the country.
The industry is investing tens of billions of pounds in new offshore wind projects,
supporting local economies and employment in communities across the UK. Our global
leadership in offshore wind, coupled with new support for investment in ports, will help
unlock the huge opportunity for the UK to build a world-leading, competitive supply
chain.'
Alistair Phillips-Davies, CEO of SSE, said:
'We welcome today’s announcement which will help ensure that more low cost offshore
wind can be deployed before 2030, creating green jobs and putting the UK on the right
path to net zero. This complements SSE’s own plans to invest over £7.5 billion in low
carbon infrastructure over the next five years, including building the largest offshore
wind farm in the world at Dogger Bank with Equinor.'
Dame Carolyn Fairbairn, CBI Director-General, said:
'Fuelling a sustainable economic recovery by reigniting business investment and
creating green jobs is the right response to the challenges unleashed by COVID-19.
'A low-carbon power system will underpin the green industrial revolution. Investment
in port infrastructure and opening up already successful auctions for renewable
electricity will help accelerate construction of offshore wind farms and secure low-cost
renewable power for homes and businesses.'
Duncan Clark, Head of UK Region for Ørsted said:
'We welcome today’s announcement from the government which will unlock huge
opportunities for world class UK supply chain companies, both domestically and
overseas, to market the skills and innovative technologies that have been fostered in
the UK offshore wind industry.
'Offshore wind is the most cost effective way to achieve the UK’s net zero ambitions
and delivering 40 GW of offshore wind by 2030 is an essential part of this roadmap.
This is a challenging target but achievable if Government and the industry continue to
work together to accelerate deployment and build out the UK project pipeline as quickly
as possible, regenerating coastal communities while expediting our progress to a more
sustainable, low-carbon future.'
Dr Nina Skorupska, Chief Executive of the Association for Renewable and
Clean Technology (REA) said:
'We welcome this important commitment from the Prime Minister to lead a Green
Industrial Revolution. The REA has long advocated that the UK can be powered safely

and securely by renewable energy. We look forward to working with his Departments
on further exciting opportunities for delivering renewable heat and transport and other
renewable power technologies and flexibility markets also vital for meeting our Net
Zero commitments.'
Sabrina Malpede, ACT Blade, Managing Director said:
'We are delighted to hear of the government’s plan to support clean wind power
development in the UK. Investing in this industry has real potential to create jobs,
boost productivity and promote sustainable growth. At ACT Blade, we strive to support
wind energy development by contributing to lower its cost. We hope the Build Back
Greener plan includes support for innovative technologies and its commercialization,
as well as promote policies for a real clean energy transition.'
Claire Mack, Chief Executive of Scottish Renewables, said:
'The Prime Minister is right to acknowledge the UK’s renewable energy resource as one
of the best in the world and right to focus on the development of wind power, as part
of a balanced green energy mix, as a key way to power the UK’s green economic
recovery.
'All parts of the UK can and should benefit from the development of this resource and
the renewable energy industry in Scotland looks forward to working alongside
government to deliver jobs, investment and innovation as we move towards our
ambitious net-zero targets.'
Steve Scrimshaw, Vice President, Siemens Energy UK&I, said:
'This is an ambitious announcement by the government. Offshore wind with hydrogen
energy storage can provide reliable clean energy and will be vital to achieving net zero.
The UK’s unique position means we can be at the forefront of developing deeper sea
waters and the supply chain will welcome the commitment from Government in this
innovative area.'
Julian Brown, Vice President and UK Country Manager of MHI Vestas Offshore
Wind said:
'We strongly support the government’s plans to Build Back Greener! In addition to
confirming the immense role offshore wind will have in the UK’s clean growth, the
government’s injection of vital funds into ports and manufacturing locations will provide
a real boost towards the realisation of many thousands of UK offshore wind jobs. This
is truly a step forward for the UK’s green economic recovery.'
Tom Glover, RWE UK Country Chair, RWE Renewables, said:
'As one of the world’s leading companies for renewable energy, committed to be carbon
neutral by 2040 and to grow our renewables portfolio in the UK, RWE welcomes the
package of measures to further develop UK offshore wind sector announced by the
Prime Minister today. This major step further cements the UK as one of the most
attractive markets for investment in offshore wind. We will work with the government
and the wider energy industry to deliver these ambitions, creating thousands of jobs
and billions of pounds of investment. We look forward to the Prime Minister’s ten point
plan for a green industrial revolution which we hope will include measures to overcome

some of the restrictions to rolling out renewable energy even faster, such as the
significant and co-ordinated investment in our grid infrastructure.'
Mike Hughes, Zone President, Schneider Electric UK & Ireland, said:
'We welcome today’s news of a substantial investment in next-generation offshore wind
projects.
'Green technologies hold huge potential to enhance the skills, know-how, and
production capabilities across the UK, while also supporting our collective progress
towards net zero emissions with high-quality products and technologies developed here
in the UK.
'We believe there has never been a better time to invest in renewables technology
production, as the UK prepares to hosts the milestone 26th UN Climate Change
Conference (COP26) next year.
'Today, the UK today is already a world scale leader in offshore wind energy, as we
pride ourselves on up to 40% renewable energy in our country’s electricity balance.
Further investment in making the UK the world leader in low-cost green energy
production will fuel growth while keeping costs and emissions in check.'
John Lavelle, President & CEO, Offshore Wind, GE Renewable Energy said:
'Today’s announcement will propel forward the UK offshore wind industry. GE’s Haliade-
X, the world’s largest offshore wind turbine in operation today, has been successfully
tested in north-east England. The Haliade-X 13 MW will be supplied to the world’s
largest wind farm, Dogger Bank, off the Yorkshire coast. A single sweep of its blades
will be able to power the average UK household for more than two days. We are working
hard to continue developing our UK supply chain, having recently announced that 240
skilled jobs will be based at Able Seaton Port in Hartlepool and Port of Tyne.'
Carl Ennis, CEO Siemens GB & Ireland, said:
'This is strong message from government, and supports the continued growth of a
market that is key to the decarbonisation of our energy system. In addition it is
essential that we
continue to support
efforts to decarbonise
our heat and transport
sectors and local
energy systems at the
centre of smart city
infrastructure.'

NewBase Energy News 10 October 2020 - Issue No. 1378 call on +971504822502, UAE
The Editor:” Khaled Al Awadi” Your partner in Energy Services
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About: Khaled Malallah Al Awadi, Energy Consultant
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Khaled Al Awadi is a UAE National with over 30 years of experience in the Oil & Gas
sector. Currently working as Technical Affairs Specialist for Emirates General
Petroleum Corp. “Emarat “with external voluntary Energy consultation for the GCC
area via Hawk Energy Service, as the UAE operations base. Khaled is the Founder
of NewBase Energy, and an international consultant, advisor, ecopreneur and
journalist with expertise in Gas & Oil pipeline Networks, waste management, waste-
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His geographical areas of focus include Middle East, Africa and Asia. Khaled has
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Executed projects in the designing & constructing of gas pipelines, gas metering &
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Along with many MOUs & JVs for organizations & governments authorities. Currently dealing for biomass
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New base energy news 10 october 2020 issue no. 1380 senior editor eng. khaled al awadi

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New base energy news 10 october 2020 issue no. 1380 senior editor eng. khaled al awadi