Eficode named in Gartner research for the second time in 2020

Eficode, Europe’s leading DevOps company, was recognized as a representative vendor in Gartner’s Market Guide (1). According to the report, "this Market Guide explores the market and how it’s organized so that sourcing, procurement and vendor management leaders can identify the ideal services and providers for custom software development."

The Market Guide states: “In an attempt to differentiate, some service providers have also built a reporting system that reports metrics and KPIs by aggregating data drawn from underlying tools such as Jira Software, GitHub, Chef and the cloud hosting provider.

“For us at Eficode, a successful digital transformation requires the whole organization to commit to a common culture of collaboration from C-level management to junior developers,” says Ilari Nurmi, CEO at Eficode. “Our method is a combination of the right tools and the right approach, including a DevOps capability assessment and the enablement of a data-driven culture through advanced analytics & value stream visualization.”

Eficode offers the Eficode ROOT DevOps Platform, which enables businesses to deliver customer value faster, manage quality- and compliance-related risks and improve visibility into software development. The Eficode ROOT Insights with its dashboards enhances transparency to the software assembly line and helps stakeholders make more fully-informed decisions.

The company supports many organizations across all industries in their DevOps journeys, such as Sennheiser (embedded software) and OP (financial services). In July 2020, Eficode was recognized in Gartner’s Hype Cycle for Agile and DevOps, 2020 (2) as a Sample Vendor of DevOps Value Stream Management Platforms [VSMP].

(1) Gartner, Inc., Market Guide for Agile and DevOps Custom Software Development Services, by G. Gupta, N. Barton, A. Wilkins, F. Di Capua, J. Thyagarajan, September 29, 2020

(2) Gartner, Inc., Hype Cycle for Agile and DevOps, 2020, by George Spafford, Joachim Herschmann, July 15, 2020

About Eficode

Eficode is the leading DevOps company in Europe, driving the DevOps movement and building the future of software development together across seven countries with more than 300 professionals. Eficode ROOT is a leading DevOps Platform which spans the entire software development lifecycle, from requirements management to Continuous Delivery and analytics, integrating together tools such as the Atlassian stack and open source systems like Jenkins and Kubernetes. The platform comes as a managed service in the cloud. Combining DevOps expertise with world-leading automation and tool integrations, Eficode ROOT provides centralized access control and real-time visibility of project status, quality, and performance. For more information, visit www.eficode.com

A shared frustration for ineffective client processes and lack of quality consultants in the tech world led partners Karl Leahlander and Ruben Teijeiro to found Youpal in Sweden in 2016. With a growing international client portfolio, their partnership was later joined by their former colleague James Baker-Duly.

Since the start, Youpal has grown globally, currently operating in 8 countries across 3 continents and planning an ambitious immediate expansion. Co-founder and CEO Karl Leahlander says, “As our revenue grew 900% during the 2018-2019 period and 2,000% within the last 12 months, it is safe to say that the aim is high for the future and growth is our focus going forward”.

The company’s involvement with large, high-tech, innovative organisations such as XShore - for whom they developed state of the art solutions in both IoT and device control, is a proof of Youpal’s continuous growth and ambition.

Youpal Group Rebranding Serves as a Digital Infrastructure Company that Facilitates and Optimises Businesses

Youpal quickly outgrew its initial focus on IT into other verticals with the common goal to create a business transformation roadmap with a base in true digital infrastructure. This collective of businesses is now rebranding under the umbrella brand Youpal Group. The group embraces digital implementation, strategy and tactical partnership, creating a disruptive culture and promoting a philosophy that endorses digital.

According to co-founder and CTO Ruben Teijeiro, “Our implication in multiple tech communities has given Youpal the opportunity to understand how people from diverse groups are able to join forces and solve common problems effectively. This community-driven approach is part of the company's culture. At the group, we believe in our creative and talented people and encourage them to be part of our journey.” This means facilitation and lead disruption at its core: when culture and the right digital architecture are in place, it is possible to enable a desired outcome.

James Baker-Duly, the tactical enabler behind the Youpal Group’s digital infrastructure, states that “the build orchestrates how the group can allow duality of operations and continuous innovation allowing a technology-agnostic synergy flow, with automation and ease of transfer being key differentiators - the whole being greater than the sum of its parts.”

Youpal Group is a beyond-agile business facilitator that is passionate about innovation, technology and society and offers data-driven solutions. Its main strategy is to constantly adapt to ever-changing customer behaviour, market disruptions, operational challenges and business optimisation. Its projects align stakeholders around a common focus to define purpose and future direction, establishing co-innovation strategies and identifying tech-agnostic solutions and talent sourcing, presenting the infrastructure that facilitates for various business domains. This aim is both for internal projects as for the clients Youpal Group serves as an organisation.

Youpal was born in Stockholm, Sweden in 2016, founded by 2 tech innovators, Karl Leahlander and Ruben Teijeiro. They were later joined by former colleague James Baker-Duly and have since grown from strength to strength. Now the Youpal Group is the mothership of a conglomerate of several companies spanning 8 different countries, (Sweden, Netherlands, Ukraine, Russia, Hungary, Spain, United Kingdom, and UAE), with some more territories in their sights for the future.

Youpal Group is a digital infrastructure company that drives business synergy within a range of areas from IT/ ICT consulting, Cloud Infrastructure, Medtech & Telemedicine to Media and Communications, Compliance, Legal, and Education.

Youpal Group offers the roadmap to the right solutions for all digital challenges in a coherent and transparent way. It is a beyond-agile, technology-agnostic group that strives to develop the quickest and most cost-effective route to solve the most complex of issues within its free-spirited culture, hence helping create a smarter, better, and more accessible future for all.

www.youpalgroup.com

Despite the effects of COVID-19 on global demand and supply, the outlook for South America’s offshore production is on track to surpass volumes coming from North America by 2024. While several projects in Brazil and Guyana have taken final investment decision (FID), and are less likely to be postponed or suspended, offshore US and Mexico tell a different story. Key projects in offshore US have already been delayed as a result of COVID-19 and the sharp decline in Mexico producing shallow water projects, though mitigated, will not be reversed by the slate of 13 planned and announced projects, according to GlobalData, a leading data and analytics company.

Effuah Alleyne, Senior Analyst at GlobalData, comments: “Delays and pending approvals will not help North America reverse its declining trajectory, as production is expected to drop by 15% over a period of 2022-2024. Improving the region’s trend will require a combination of factors not exclusive to better market pricing to support project economics, enhanced recovery for existing projects and the expansion of resource base especially in Mexico.  In addition, projects in the US and Canada have been bottlenecked by pipeline capacity and so increasing pipeline infrastructure will alleviate some of the issues faced.”

Largely due to the positive trend in South America, total offshore production for the Americas as a whole is expected to steadily increase from 8.65 million barrels of oil equivalent per day (mmboed) in 2020 to 9.15mmboed by 2024. This is particularly attributed to significant contributions by Brazil’s pre-salt area and newcomer, Guyana ultra-deepwater projects.

Alleyne continues: “Brazil’s prolific pre-salt region is surviving the industry downturn mainly due to the robust economics of its current and upcoming projects - a result of high productivity, high-quality crude wells. Projects in this region have breakeven oil prices as low as $35 per barrel (/bbl), compared to Brent’s current price averaging $40/bbl. In addition, national oil company Petróleo Brasileiro has steadily streamlined its portfolio to focus on exploration and production activities in the pre-salt layer, while divesting non-core assets in onshore, shallow water and post-salt areas.

“Guyana’s ultra-deepwater projects in the frontier Guyana-Suriname Basin have breakeven oil prices as low as $23/bbl, with short-term production expected to grow 10-fold by 2024 from projects such as Liza Phase 2.” 

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

Efterklang, part of AFRY, acquires Lexter and strengthens its offer within sound design and "Sound-as-a-Service" for clients in public and digital environments.

Efterklang, part of engineering and design company AFRY, is one of Europe's largest and most reputable players with a global offering in acoustics, vibration services and sound design.

“With Lexter onboard, we can offer our clients sound experience as a service, which is incredibly exciting. They complement our existing offer and we look forward to working together to offer world-class sound experiences,” says Zlatan Idnert, Head of Efterklang, part of AFRY.

Lexter is an internationally leading and award-winning agency in sound architecture, audio branding, sound content and conceptual sound design. At the turn of the year, the company, consisting of seven people based in Stockholm, will change its name to Efterklang, part of AFRY.

“We look forward to becoming Efterklang, part of the AFRY Group. We have a fantastic journey behind us, but to grow and develop ourselves and our services further, this is a perfect match that will benefit our clients,” says Margareta Andersson, CEO and founder of Lexter.

Lexter is consolidated as part of the AFRY Group as of 1 November, 2020.

AFRY is an international engineering, design and advisory company. We support our clients to progress in sustainability and digitalisation. We are 17,000 devoted experts within the fields of infrastructure, industry and energy, operating across the world to create sustainable solutions for future generations.

Making Future

Once used only by the military, corporations, and geeks, VPN is about to become a commodity for all online surfers

Sugar once used to be so valuable people locked it in a safe — only the privileged knew how it tasted. Likewise, VPN (virtual private network) is a tool developed in 1996, originally created for a safe file transfer between offices of big corporations and military agencies. But today it’s growing to become a commodity for anyone using the internet.

The global VPN market is predicted to reach$35.73 billion in 2022, and aCAGR of 12% is expected between 2020 and 2026.

The results ofNordVPN’s survey suggest that no less than a third of the population in the US, Canada, UK, Germany, France, and Belgium are already familiar with the notion of a VPN service.

“I expect demand for VPNs will grow as people become more conscious of increasing cybercrime issues. That combined with greater awareness of the privacy issues of browsing the web without a VPN  will increase adoption rates.” writes Troy Hunt, web security expert known for public education and outreach on security topics, in his blog post.

The times when VPN was exclusively meant for businesses and tech geeks are long gone. There are three main reasons for stimulating this growth: cybercrime, advertising, and government surveillance.

Cybercrime

The number of malware andransomware attacks spiked by 25% betweenQ4 2019 and Q1 2020. Cybercriminals have been successfully targeting financial services too. For instance, just recently NTT Docomo Inc. reported that the total amount of money confirmed to have been stolen in recent hacks of its Japanese e-money service has increased to 25.42 million yen in 120 cases.

Troy Hunt tested the trustworthiness of his banking service and found that “the initial request from the browser is still sent insecurely over HTTP so everyone along the way not only sees where the traffic is going but can also read and modify the contents of it so again, from a privacy perspective, not good.“

The go-to-market rush results in unstitched security holes on platforms that internet users are entrusting their private data to. “Security shortages of online services, in combination with users’ poor cyber hygiene habits, create the perfect conditions for cybercrime to blossom,” says Tom Okman, founder ofNordSec, the company behindNordVPN.

Increasing surveillance

NordVPN surveys show that 80% of VPN subscribers use the app primarily for privacy and security reasons. This comes as no surprise: people are getting more and more concerned with the startling number of governments deploying advanced tools to identify and monitor users.

Of the 65 countries assessed by FreedomHouse,33 have been on an overall internet freedom decline since June 2018. And this applies not only to China and other repressive regimes: internet freedom has been declining in the US for three consecutive years, as law enforcement and immigration agencies haveexpanded their surveillance and the internet has been flooded with disinformation.

Troy Hunt states: “It’s hard for a VPN to protect you from disinformation, but it goes a long way to mitigating the risks of being surveilled.”

The policies and transparency of VPN service providers are becoming more and more important. “If a VPN provider is true to its policies and meets certain standards, there is a big chance it will take care of privacy and security better than an ISP, which collects detailed information on users’ online presence and must submit it to the government if the latter requests so,” says Tom Okman.

Abusive advertising

90% of users find targeted ads annoying. Targeting requires a thorough analysis of the user’s behavior and interests. And sometimes it can go overboard. For example, Target, a wholesaler, managed to find out a teen girl was pregnant before her father did just by identifying a shift in her purchase behavior andsent her a pregnancy clothing coupon. Unconscious overexposure and extensive tracking online can be protected with premium VPN solutions equipped with ad-blocking features.

“The privacy implications don't stop with the site you're visiting, they cascade all the way down the stack of requests that follow that initial one. <...> The point is that the privacy rights assured by a VPN are about a lot more than just protecting your source IP from being exposed to the website you're visiting; it goes well beyond that,” writes Troy Hunt.

The new hot place in town

The VPN industry is becoming more precise in its value proposition and tries to expand the benefits of a VPN beyond the already established privacy and security. Tech brands are working towards becoming all-around cybersecurity solutions for their customers. Even Apple has made privacy-as-a-service their strategic goal. Covid-19 has also brought new players to the market — Google has recently launched a VPN challenger,BeyondCorp.

In Tom Okman’s opinion, new players contribute to the growth of the VPN industry and make everyone else want to improve. The bigger the number of competitors, the more cybersecurity awareness they spread among internet users. Big names like Google entering the VPN arena attests to the market’s solidity and importance.

“I believe that VPN will become a default service integrated into devices, requiring no additional effort from users. However, there are many decisions to be made before that happens. Businesses will have to find a balance between maintaining user privacy and not losing the ability to speak to their customers through advertising. Mainstream use of VPN services will make it harder to monopolize personal data and will leave at least certain aspects of privacy to the people. The solutions to these challenges will determine the pace, but not the course of the development of the VPN industry,”  says Tom Okman.

When choosing a VPN vendor, one must always think whom they are entrusting their privacy to. Troy Hunt has a simple piece of advice: “VPN doesn't remove DNS or the ability to inspect SNI traffic, it simply removes that ability from your ISP and grants it to NordVPN instead. But then again, I've always said I'd much rather trust a reputable VPN to keep my traffic secure, private and not logged, especially one that's beenindependently audited to that effect.”

ABOUT NORDVPN

NordVPN is the world’s most advanced VPN service provider used by over 14 million internet users worldwide. NordVPN provides double VPN encryption, malware blocking, and Onion Over VPN. The product is very user-friendly, offers one of the best prices on the market, has over 5,000 servers in 60 countries worldwide, and is P2P-friendly. One of the key features of NordVPN is the zero-log policy. For more information:nordvpn.com

Consultations evaluating the closure or other alternatives related to former Metso operations in Vereeniging, South Africa, have been concluded. The consultations, initiated by Metso in March 2020, have resulted in the decision to divest the fabrication, machining and assembly operations and close or rearrange the rest of the operations.

”We carefully evaluated all opportunities, with the target to find the best possible option for our customers and employees. Approximately 110 employees will continue with the new local owner in the spare parts manufacturing and repair operations,” says Sami Takaluoma, President, Consumables business area at Metso Outotec.

”To ensure the best value, availability and quality to our customers, the mill linings production as well as pump assembly operations will be transferred to our other manufacturing units with flexible global service capability. We will continue to have some field service and engineering specialists in Vereeniging to ensure a sustainable transition as well as uninterrupted service to our customers,” says Takaluoma.

The unit in Vereeniging has provided pumps, spare parts, consumables, and repair services for the mining industry. The unit has had approximately 200 employees. The decisions made on the Vereeniging site operations are not related to the Metso Outotec combination.                        

Further information, please contact:

Sami Takaluoma, President, Consumables, Metso Outotec Corporation, Tel. +358 20 484 100, E-mail: sami.takaluoma(at)mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change.  

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its pro forma sales for 2019 were about EUR 4.1 billion. The company is listed on the Nasdaq Helsinki. mogroup.com

Total E&P UK signs up as headline sponsor

Working together to deliver a decarbonised, net zero future will form the theme and direction for SPE Offshore Europe 2021 being held in Aberdeen, Scotland, 7-10 September 2021.

Neil Saunders, conference chair of SPE Offshore Europe 2021 and executive vice president of oilfield equipment at Baker Hughes, is leading the 30-strong committee that has developed the 2021 theme: ‘Oil & Gas: Working Together for a Net Zero Future’.

Neil Saunders, conference chair of SPE Offshore Europe 2021 and executive vice president of oilfield equipment at Baker Hughes“The future of oil and gas is in our hands and working together is crucial to remain relevant and in the energy mix,” said Mr Saunders.

“This year the world has endured a global pandemic and a resulting economic slowdown. This is not the first time that we have had economic slowdowns and all industrial sectors were affected. However, one dynamic emerged as a constant in the energy industry; the energy transition is accelerating and the oil and gas industry recognises it has a significant part to play.

“For SPE Offshore Europe 2021 we are partnering with key stakeholders in the region including Equinor, Shell, BP, Chevron, Total, Chrysaor, CNOOC International, Aker BP, Neptune Energy, Wood, Worley, Aker Solutions, Petrofac, Schlumberger, TechnipFMC and many others, with the same goal and vision in mind - to reduce the carbon footprint of the oil and gas industry.”

Total E&P UK has signed up as headline sponsor for the event which is taking place eight weeks before the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow (1-12 November 2021). Jean-Luc Guiziou, Managing Director of Total E&P UK said: “Total is delighted to show its support for the offshore industry and Aberdeen by sponsoring next year’s Offshore Europe. We look forward to an excellent conference and exhibition.”

Features at SPE Offshore Europe 2021 will include an Energy Transition Zone to showcase companies leading the net zero drive and an Energy Transition Theatre located on the show floor. The theatre will host three days of thought leadership from operators and technology trailblazers on driving forward the energy transition.

More than 50% of the floor space has been sold with exhibitors including Shell UK, Petrofac, Wood and Worley and pavilions of companies from France, Germany, Norway and Scotland.

The keynote programme will comprise ten topical sessions aligned to the theme. These will include transitioning to lower carbon solutions (carbon capture utilisation & storage [CCUS], hydrogen, energy islands), oil & gas security of supply (equality, diversity, inclusion and future workforce, digital enablement), lowering carbon footprint and emissions, and future collaboration models for the industry.

More than 80 technical papers will be presented during the four day show. Abstracts are now invited to be submitted for consideration via the website before 11 January 2021.

Kevin Gallagher, SPE Offshore Europe 2021 technical committee chair and digital transformation lead, CNOOC International commented: “The offshore industry has an important role to play in the transition to the low carbon economy. This is reflected in the conference theme, and in our call for papers topics. We anticipate exciting discussion and debate as the industry steps up to the energy transition challenge. In parallel, we are observing an increased drive for digitalisation to further the advancement of cost reduction as well as improved safety and performance.”

SPE Offshore Europe is organised by The Offshore Europe Partnership, a joint venture between Reed Exhibitions Ltd and the Society of Petroleum Engineers (SPE).

Reed Exhibitions is the world’s leading event organiser, with over 500 events in 40 countries. In 2013 Reed brought together over six million active event participants from around the world generating billions of dollars in business. Today Reed events are held throughout the Americas, Europe, the Middle East, Asia Pacific and Africa and organised by 34 fully staffed offices. Reed Exhibitions serves 43 industry sectors with trade and consumer events and is part of the Reed Elsevier Group, a world leading provider of professional information solutions. www.reedexpo.com

The Society of Petroleum Engineers (SPE) is a not-for-profit professional association whose more than 153,000 members in 143 countries are engaged in oil and gas exploration and production. SPE is a key resource for technical knowledge providing publications, events, training courses, and online resources at www.spe.org

Leading European smart charging solutions provider, NewMotion, has today announced a roaming partnership with UK charge point operator Osprey Charging, formerly Engenie. Under the partnership, 259 rapid connections are added to NewMotion’s public charging network. NewMotion recently connected the 170,000th charge point to its roaming network and now counts over 3,000 charging locations in the UK.

• More convenience for drivers of electric vehicles (EVs) for their on-the-go charge via the nationwide coverage of Osprey’s rapid chargers
• Partnership adds 259 DC 50kWh rapid connections to NewMotion’s ever growing public roaming network, which recently connected the 170,000th charge point
• Open Access for EV drivers is centrally ensured by Hubject's intercharge platform, the largest B2B eRoaming platform in Europe

Osprey Charging operates a nationwide network of rapid DC charge points that charge at 50kW, with higher power chargers coming soon. These rapid chargers can provide 80-100 miles of range in 20-30 minutes, depending on the model of electric vehicle (EV). In comparison, an AC 7-22kW charge point can take 4-11 hours to fully charge an EV battery. As such, DC charge points are highly valued by EV drivers whilst on-the-go as they offer a quick and reliable service.

NewMotion and Osprey Charging are part of Hubject's international intercharge network, the leading platform for B2B interoperability services with over 750 partners worldwide. Hubject provides open and standardised interfaces for its partners to onboard and start roaming with other, cross-country and cross-operator industry players.

Expanding the network with rapid charge points

Alan McCleave, UK General Manager of NewMotion, said: “We are extremely excited to be partnering with Osprey and grow our public roaming network further. Drivers value fast charging when they are on the go, and together we can now offer a first class charging experience whether drivers are at work, home or out and about. It’s great to see roaming partnerships are becoming the norm here in the UK as our EV market continues to mature and the need for easy access to charging infrastructure grows. Using Hubject’s intercharge platform to facilitate this roaming partnership offers a reliable connection to the Osprey network. We’re always looking for more partners with open networks, who want to make EV charging easy for drivers.”

Making rapid charging even more available

Ian Johnston, Osprey Charging CEO, says, “Osprey Charging is a totally open access public charging network, so it’s important to us to be available in the e-mobility services that drivers turn to when they need a charge. The partnership with NewMotion enabled via Hubject allows more EV drivers to discover our rapid chargers across the UK, and to easily start and pay for a charge. Whilst we offer contactless payment as standard, we appreciate and embrace the added benefits to customers that belonging to a reliably connected roaming service brings.”

Connecting the industry stakeholders

Melanie Cao, Senior Manager Market Development at Hubject says, "We are well aware of the major challenges in interoperability in the UK, namely to provide EV drivers with the most seamless and transparent access to charging networks and at the same time to enable our partners to offer such charging services via a central platform. Therefore, we are more than thrilled to provide the structural foundation to NewMotion and Osprey Charging's roaming partnership and to support both partners to expand their reach in the UK.

The availability of public charging infrastructure is a key consideration for drivers when making the switch to driving electric and so roaming agreements help with EV adoption. Roaming, or interoperability, is the creation of an open network where drivers access the charging services of all operators in the network with just a single charge card. As such, the roaming partnerships create a more connected charging network for drivers and help ease the pressure of range anxiety. In effect, roaming partnerships help make EV driving and charging more practical and easily accessible for drivers.

NewMotion currently collaborates with over 200 partner charging networks to provide Europe’s largest roaming network for EV charging. This network offers drivers access to over 155,000 charge points across 35 European countries.

About NewMotion

NewMotion is a leading smart charging solutions provider for electric vehicles. Operating more than 70,000 charge point installations at home, business and public locations across Europe, NewMotion’s mission is to enable everybody to drive as many kilometers as possible powered by clean energy. Providing access to over 170,000 charging points across 35 countries, the company offers an expansive roaming network in Europe. More than 300,000 registered drivers already use NewMotion's charge card or app for a seamless charging experience on-the-go. A member of the Shell group, NewMotion is ISO 9001 & ISO 27001 certified and has played an active leading role in the electric vehicle charging industry since 2009. For more information: www.newmotion.com  

About Osprey Charging Network Ltd (formerly Engenie)

Osprey Charging is an electric vehicle charging network operator specialised in rapid chargers. With a customer-first approach, Osprey provides charging points that are located on busy routes, are easy-to-use, and are easily accessible via a number of roaming options as well as standard contactless payment. Every charging point is powered using 100% renewable electricity, forming a major part of Osprey’s commitment to a low-carbon transport system and pollutant-free air.

Osprey offer fully funded and fully managed charging solutions for commercial landlords, local authorities, fleets and property developers. Osprey has over 120 locations across Britain, and continues to grow this national network, following significant investment to expand its operations. Its fast-growing team is based at London Bridge. More information on Osprey can be found at ospreycharging.co.uk.

About Hubject GmbH

Hubject simplifies the charging of electric vehicles. Through its eRoaming platform, called intercharge, the eMobility specialist connects Charge Point Operators or CPOs and eMobility Service Providers or EMPs, thus providing standardised access to charging infrastructure regardless of any network. With over 250,000 connected charging points and more than 750 B2B partners across 43 countries and four continents, Hubject has established the world’s largest cross-provider charging network for electric vehicles by connecting CPO networks. In addition, Hubject is a trusted consulting partner in the eMobility market, advising automotive manufacturers, charging providers, and other EV-related businesses looking to launch eMobility services or implement Plug&Charge using ISO 15118. In essence, Hubject promotes eMobility and its advancement worldwide. Founded in 2012, Hubject is a joint venture of the BMW Group, Bosch, Mercedes-Benz, EnBW, Enel X, innogy, Siemens and the Volkswagen Group. Hubject’s headquarters is located in Berlin, with subsidiaries in Los Angeles and Shanghai.

HUBJECT — Heading for the future.

For more information on Hubject and its services, please visit hubject.com.

Natural gas is a viable energy option that contributes efficiently to achieve a balance between the environment, social, and economic dimensions of the sustainable development. It reduces carbon intensity and pollution resulting from energy-related activities, supports access to modern energy, improves availability and reliability of supply, and provides competitive and affordable energy,” the Gas Exporting Countries Forum (GECF) Secretary General said at the 25^th Oil & Gas of Turkmenistan Conference.

Taking part in the annual event via videoconference, HE Yury Sentyurin further said that the yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050 – and it’s what shows the vibrancy of the gas industry. According to him, around 80% of the natural gas production by mid-century will stem from new projects, and this highlights the importance of continued investment in upstream.

“This means that the current level of proven reserves is not adequate to furnish the rising demand around the world,” said Secretary General Sentyurin, while positioning the GECF’s readiness to facilitate projects on discovery and exploration with various countries and important producers like Turkmenistan.

As a holder of the fourth-largest volume of gas reserves worldwide, Turkmenistan has been unlocking the potential of natural gas, leading to an impressive 11.5% average economic growth rate between 2000 and 2019, continuously expanding domestic gas production, attracting investors, and enhancing knowledge and technologies exchange.

To this end, the GECF Secretary General reiterated the Forum’s readiness to support the Turkmen industry as it undergoes transformation on the back of the future energy trends, digitalisation, and climate action.  

“The Forum’s expertise and collaborative assistance could be exceedingly instrumental in furthering gas industry expansion, advancing much-needed energy security, diversifying supply routes , and helping bolster local industry while benefitting the citizens of the country,” highlighted HE Sentyurin.

The GECF speaker also acknowledged the remarkable role of Turkmenistan as one of the founders of the Forum, whose 20 member countries today represent 71% of proven gas reserves, 45% of its marketed production, 53% of pipeline, and 60% of LNG exports across the world.

According to the latest available figures from the signature GECF Global Gas Outlook 2050, natural gas production in the Central Asian Republic is set to increase by 78% to reach the level of more than 141 billion cubic metres (bcm) by 2050, at a remarkable annual growth rate of 1.9%.

Important projects in the offing include the Turkmenistan-China pipeline enhancement, TAPI (Turkmenistan-Afghanistan-Pakistan-India), and others. “More than 100 bcm of this expansion will be sourced from the new projects and the GECF has a lot to contribute to the success of these,” noted Secretary General Sentyurin.

Beyond Turkmenistan, the GECF projections forecast expansion of natural gas production by more than 50% between 2020 and 2050, despite facing a stymied growth in the short- and medium-term due to the impact of COVID-19. It will see production rise across all regions of the world, with the exception of Europe, where it will decline by 70% by 2050. North America and Middle East will retain their position as the largest expanders of gas production.

The two-day Oil and Gas of Turkmenistan 2020 conference (28-29 October) in Ashgabat was organised by the Government of Turkmenistan and attracted the participation of regional and international energy companies, including CNPC, Dragon Oil, SOCAR, ENI, ARETI, Schlumberger, Hyundai, among others.

For further information, kindly contact:

Nadezhda M. Lyubovskaya

+974 3337 3641

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Sarmad Qazi

+974 5546 8758

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