Phil Hastings
ArticleUpstream demands stretch heavy lift capacity
Recent capital expenditure figures and projected investment levels suggest that demand for new upstream oil and gas projects will remain strong through 2030 and beyond. The uptick is driving demand for sophisticated project logistics solutions across multiple markets.
ArticleCarbon capture prospects look bright – but costly
Growing worldwide interest in fitting carbon capture, utilisation and storage (CCUS) technology at fossil fuel power plants to reduce harmful CO2 emissions could create additional business opportunities for project logistics providers. Such technology is imperative in achieving net-zero targets while using fossil-fuelled power generation methods. While the prospects look good on paper, high costs mean many projects remain on the drawing board
ArticleNuclear power’s growth spurt
The nuclear power generation sector could be a panacea for the world’s energy needs. However, large-scale projects are often highly politicised and are subject to delays and cost overruns. SMR technology has been touted as an alternative, although this too faces public relations and permitting challenges, while development timelines are obscure. Project logisticians and heavy lift service providers remain sanguine on the prospects.
ArticleDownstream O&G sector on cusp of transformation
In the words of a recent report published by the World Refining Association: “The downstream energy industry finds itself at the nexus of transformation, propelled by a mosaic of innovations, challenges and aspirations.” For heavy lift and project freight forwarding companies, one resulting challenge is to assess which sectors are likely to offer the best future business opportunities − and when.
NewsEarly engagement crucial to hydrogen industry growth
While large-scale hydrogen projects are increasingly being planned, there are mixed views about the speed and extent at which hydrogen will create work for the project logistics sector. Phil Hastings reports.
NewsSurging LNG demand likely to be short-term benefit for project logistics sector
Russia’s invasion of Ukraine in 2022 and subsequent substantial cuts in natural gas exports prompted an immediate surge of international interest in LNG and demand for related new production capacity and import/export facilities. However, that uptick could be a flash in the pan rather than indicative of long-term shift, writes Phil Hastings.
NewsEnergy transition to squeeze project logistics capacity
Future downstream oil and gas industry investment is likely to be increasingly focused on sectors like hydrogen, biofuels and petrochemical production to support the energy transition, alongside traditional oil refining and liquefied natural gas (LNG) activities. The resultant increase in project logistics and heavy lift demand will put further pressure on logisticians. Phil Hastings reports.
ArticleCivil sector drives the post-pandemic recovery
A growing worldwide requirement for new and upgraded basic infrastructure is set to continue driving investment in major civil engineering projects. That trend is further fuelled by the fact many countries are making such projects a key element of their post-pandemic economic recovery. The project logistics and heavy lift sector is on hand to help realise these ambitions. Phil Hastings reports.
ArticleOil and gas decommissioning and the potential for heavy lift service providers
HLPFI has reported on offshore oil and gas decommissioning for many years. While there has been an uptick in work in this arena, the going thus far has been quite slow. Phil Hastings reports.
ArticleFloating wind energy projects gather momentum
Stakeholders across the heavy lift supply chain are keeping an eye on floating wind energy developments. The sector’s commercialisation will provide future opportunities, but what the exact logistical requirements will be are still unclear, writes Phil Hastings.
ArticleBullish sentiment on recovery prospects
Project logistics work in support of the civil engineering sector is set to get a significant boost this year. Economic recovery will be stimulated by the resumption of developments delayed by Covid-19 and anticipated additional investment in infrastructure by many governments. Phil Hastings reports.
ArticleOngoing project logistics opportunities in oil and gas maintenance
In addition to new plant projects, the non-renewable energies sector of the power generation industry will continue to produce two other sources of logistics work – maintenance/modernisation/ upgrades at existing installations and the decommissioning of old facilities.
ArticlePower to revive the global economy?
The development of new renewable power generation capacity worldwide may be slowed by the Covid-19 crisis, at least in the short term. Despite that, offshore wind energy is set to be one of the more resilient sectors and is poised for further strong growth.
ArticleTidal power awaits commercial surge
The wave and tidal power sector is seeing increasing numbers of small-scale projects around the world, but has yet to develop into a major industry. However, many expect that will happen soon.
ArticleLarger turbines bring capacity pressures for project logistics
Larger turbine components, the geographical spread of their location and increasing deployment of floating installations are presenting new challenges and investment requirements for logistics companies servicing the offshore wind power sector, writes Phil Hastings.
NewsA world turned upside down
At the time of writing, logistics companies generally felt it was too early to say what impact the coronavirus pandemic might have on civil engineering project work around the world. Phil Hastings reports.
NewsTidal power contracts begin to flow
Developments over the last 12 months suggest that the development of tidal, wave and other ocean power technologies is gathering traction, writes Phil Hastings.
NewsFloating technology finds new markets
A push to develop commercially viable floating wind turbines looks set to open up long-term opportunities for heavy lift operators, writes Phil Hastings.
NewsMaintenance buoys non-renewable project logistics market
The need to maintain, rebuild or upgrade existing power plants to ensure they remain cost-effective and environmentally acceptable is generating significant logistics work for heavy lift service providers and project forwarders, writes Phil Hastings.
NewsPositive project logistics prospects for decommissioning
A growing need to decommission older non-renewable power plants, particularly nuclear, is set to create increasing business opportunities for heavy lift service providers over the next few years, writes Phil Hastings.