The energy segment includes corporations that primarily are in the business of producing or supplying energy, such as fossil fuels or renewables. The energy sector has been an important driver of industrial growth over the past century, fueling the rest of the economy.
The five primary energy sources include fossil fuels (petroleum, natural gas, and coal), nuclear, and renewable energy. Electricity is a secondary energy source that is generated (produced) from primary energy sources.
The energy sector is constantly changing; energy suppliers must develop newer technologies to generate, store, and transport energy to households and businesses. The energy industry is the basis of our civilization and economy. Without power plants, we would be unable to supply the planet’s population with electricity, gas, water, and food.
There are two parts of the energy industry: the one which provides renewable, green energy. And the other one that is more efficient but harms the environment: is fossil fuels.
Renewable energy sources
Green power is infinite and less polluting than fossil fuels – yet, it still has some disadvantages.
Green power is hydropower, solar, wind, geothermal, and biomass.
While they are less polluting, maintaining large-area renewable energy plants can still damage the environment, changing the natural habitats of the locations (Biodiversity).
For example, wind power farms are extremely harmful to birds.
Clean energy is renewable but is not available 24/7. The wind may blow on some days but not on others. The sun may be shining today but seldom continuously for a longer period. This is a problem, especially for countries with long-night months in winter, as storing renewable energy is complicated and with significant losses.
Fossil fuels are oil and petroleum products, coal, and natural gas
According to World Meters, we will run out of oil in 47 years, natural gas in 52 years, and coal in 133 years. Of the above-mentioned non-renewable fuels, natural gas is the most eco-friendly. Its price is lower, and has fewer greenhouse gas emissions than the others.
The Maritime industry is all connected to the sea or waterways throughout the world, especially in relation to navigation, shipping, and marine engineering. The industry directly impacts consumer products and everything that requires transport.
Shipping has been the major form of transportation for decades, not to mention an essential communication link connecting coastal cities, countries, and continents. Next to rail transportation, water transportation is economically and environmentally the most efficient way to travel or transport merchandise; today, around 90% of world trade is carried by the international shipping industry.
The maritime sector has experienced a significant expansion with the appearance and development of new industrial growth sectors within the offshore wind turbine, carbon capture, and production of PtX segments.
The enormous growth of the world population and the subsequent increase in energy requirements, both in developing and developed countries, call for an increase in the offshore exploration and production of hydrocarbons. A new era of energy production is possible through the many achievements and continuous investments in exploration, drilling, storage, and transportation techniques.
A power barge is a floating power plant that is used to generate electricity in areas where it is not practical or cost-effective to build traditional land-based power plants. Power barges are typically equipped with diesel generators or other types of power generation equipment, and they can be deployed to provide temporary or permanent electricity supplies to communities, businesses, or other users.
The power barge segment refers to the portion of the power generation industry that is focused on the design, construction, and operation of power barges. This segment may include companies that specialize in building power barges, as well as those that operate and maintain them.
Power barges can be used in a variety of settings, including in remote or off-grid locations, in areas where there is a temporary increase in electricity demand, or as a backup power source in case of power outages or other disruptions to the electricity grid. They can be an effective solution for providing electricity in areas where it is difficult or expensive to build traditional power plants, and they can be deployed relatively quickly and flexibly to meet changing electricity needs.
With today’s emerging economies’ immediate requirement for power for their burgeoning infrastructure projects and growing populations. A power barge is by far the fastest solution when electrical energy is needed on short notice in remote areas. The land-based resources needed to construct a power station are generally difficult due to time requirements, local issues, environmental clearance, etc.
Power ships or barges are designed and built utilizing the latest dual-fuel engine technology, operating in combined cycle mode to maximize efficiency. Fuel flexibility through Natural Gas, LNG, or Low Sulfur HFO, ensures the lowest cost of delivered power with no capital outlay.
Wind turbines can turn the power of the wind into the electricity we all use to power our homes and businesses.
They can be stand-alone, supplying just one or a very small number of homes or businesses, or they can be clustered to form part of a wind farm.
Once called windmills, the technology used to harness wind power has advanced significantly over the past ten years.
Wind turbines, as they are now called, collect and convert the kinetic energy that wind produces into electricity to help power the grid.
Wind energy is a byproduct of the sun. The sun’s uneven heating of the atmosphere, the earth’s irregular surfaces (mountains and valleys), and the planet's revolution around the sun all combine to create wind.
Since wind is in plentiful supply, it’s a sustainable resource for as long as the sun’s rays heat the planet.
In addition, because wind power is a growing industry, it’s adding many jobs to communities worldwide onshore and offshore.
Power-to-X (PtX or P2X) is a collective term for conversion technologies that turn electricity into carbon-neutral synthetic fuels, such as hydrogen, synthetic natural gas, liquid fuels, or chemicals.
Power-to-X means converting power into something else (x). For example, power can be converted via electrolysis into hydrogen, which can be used directly or in combination with other elements to produce fuels or chemicals.
Power-to-X is an essential element in the green transition.
Renewable energy sources such as the sun and wind play an important role in the transition to a fossil-free society. In this context, it is essential to store the energy, so we can also use it when the sun is not shining, and there is no wind. In addition, part of our transport and manufacturing industry cannot be electrified but requires that we convert electricity into something else.
Power-to-X can secure fuels for heavy transport, ships, trucks, and aircraft that cannot use electricity and batteries. In addition, Power-to-X is important for ensuring the production of many things currently produced from fossil resources, such as medicine, plastics, and paints.
Offshore typically refers to activities or operations that take place at sea, outside of the territorial waters of a particular country. This can include a wide range of activities, such as oil and gas exploration and production, shipping and transportation, fishing, and renewable energy generation.
In the context of oil and gas exploration and production, offshore typically refers to the extraction of natural resources from beneath the sea bed, either from platforms or structures built on the sea floor or from drilling ships or other specialized vessels. Offshore oil and gas operations are typically located in deeper waters and are more complex and expensive than onshore operations, but they can also be more financially rewarding.
In the context of renewable energy generation, offshore typically refers to the generation of electricity from wind, wave, or tidal power sources located at sea. Offshore wind farms, for example, are typically built in deeper waters where the wind is stronger and more consistent, and they can be an effective way to generate electricity in areas with high electricity demand.
Overall, offshore activities and operations can bring economic benefits to the countries and communities where they take place, but they can also pose environmental and safety risks, and they often require careful planning and regulation to minimize these risks.
The maritime and offshore sector is an international one, with highly capital-intensive assets and a dominant role in knowledge. Only consultants with a track record, knowledge, and an international network are able to speak and understand this language and are able to add value for their clients.
The ambition of the offshore maritime industry is to foster collaborative innovation to design, build and operate cleaner, smarter and safer assets. Invent new business models, develop new services, and create greater value to improve resilience.
A fairly business has arisen within wind turbine installation vessels (WTIV). A WTIV is a vessel specifically designed for the installation of offshore wind turbines.
Oil & Gas
Oil and natural gas are major industries in the energy market and play an influential role in the global economy as the world's primary fuel source.
The processes and systems involved in producing and distributing oil and gas are highly complex, capital-intensive, and require state-of-the-art technology.
The oil and gas industry is one of the world’s largest sectors in terms of dollar value, generating an estimated $5 trillion in global revenue as of 2022.
Oil is crucial to the global economic framework, impacting everything from transportation to heating and electricity to industrial production and manufacturing.
Oil and gas production is a multi-stage process of discovering a resource, transporting it to a refinery, and turning it into a finished product ready for sale.
Or, in industry terminology, upstream, midstream, and downstream segments.
Upstream, or exploration and production (E&P) companies, find reservoirs and drill oil and gas wells.
Midstream companies are responsible for transportation from the wells to refineries.
Downstream companies are responsible for refining and the sale of finished products.
Drilling companies contract their services to E&P companies to extract oil and gas.
Well-servicing companies conduct related construction and maintenance activities on well sites.
The process industry refers to industries that involve the transformation of raw materials or inputs into finished products using a series of processes or operations.
These industries typically involve the use of specialized equipment and technology to carry out these processes, and they may involve the production of a wide range of products, including chemicals, pharmaceuticals, food and beverages, and petrochemicals, among others.
The process industry is often distinguished from other types of manufacturing industries, such as the assembly industry, which typically involves the assembly of finished products from component parts. Process industries are typically more complex and capital-intensive than assembly industries, and they often require a higher level of specialized knowledge and expertise to operate effectively.
Process industries are where the primary production processes are either continuous or occur on a batch of indistinguishable materials. For example, a food processing company making sauce may make the sauce in a continuous, uninterrupted flow from receipt of ingredients through packaging.
Structured Process (Production Process) Structured processes can be production processes producing products and services.
Case-type Process (Semi-structured, loosely structured)
Examples of the process industries include food, beverages, chemicals, pharmaceuticals, petroleum, ceramics, base metals, coal, plastics, rubber, textiles, tobacco, wood and wood products, paper and paper products, etc.
Bioenergy is a form of renewable energy that is derived from organic materials, such as wood, agricultural waste, and other plant and animal matter. Bioenergy is produced through a variety of processes, including combustion, gasification, and anaerobic digestion.
Bioenergy is a versatile form of energy that can be used in many different ways. It can be used to generate electricity and heat, power vehicles, and produce biofuels. Bioenergy is also a low-carbon energy source, since the carbon dioxide emitted during the combustion of bioenergy feedstocks is offset by the carbon dioxide that was absorbed by the plants during their growth.
Bioenergy has many advantages, including its renewability, availability, and versatility. However, there are also some challenges associated with bioenergy production, including the impact on land use, the potential for competition with food crops, and the need for sustainable harvesting practices to ensure long-term availability of feedstocks.
Geothermal energy is a type of renewable energy that is generated from the heat within the Earth's crust. The heat is produced by the natural decay of radioactive materials and the residual heat from the planet's formation.
Geothermal energy can be used to generate electricity and heat buildings. In power generation, geothermal energy is typically extracted by drilling wells into underground reservoirs of hot water and steam. The steam or hot water is then used to power turbines, which generate electricity.
In heating applications, geothermal energy is typically extracted using a geothermal heat pump system. This system utilizes the constant temperature of the ground below the frost line to provide heating and cooling to buildings. The heat pump uses a closed loop of fluid that circulates through the ground to absorb or reject heat, depending on the heating or cooling needs.
Geothermal energy is a clean and renewable energy source that produces very low greenhouse gas emissions compared to conventional fossil fuel sources. However, there are some challenges associated with geothermal energy production, including the high upfront costs of drilling and infrastructure, and the limited availability of suitable geothermal resources in certain locations.
Solar Thermal Energy
Solar thermal energy is a type of renewable energy that uses the energy from the sun to heat a fluid, which is then used to generate electricity or provide heat to buildings. Solar thermal systems typically use mirrors or lenses to concentrate the sun's rays onto a receiver, which absorbs the heat and transfers it to a fluid.
The two main types of solar thermal systems are:
Concentrated solar power (CSP): CSP systems use mirrors or lenses to concentrate the sun's rays onto a small area, which heats a fluid to generate steam. The steam is then used to power a turbine, which generates electricity.
Solar water heating (SWH): SWH systems use solar collectors to absorb the sun's heat and transfer it to water or another fluid. The heated water is then used for domestic hot water or space heating.
Solar thermal energy is a clean and renewable energy source that produces very low greenhouse gas emissions compared to conventional fossil fuel sources. However, there are some challenges associated with solar thermal energy production, including the high upfront costs of installation and maintenance, and the need for suitable locations with high levels of solar radiation.