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Increased Confidence in CO2 Storage

Sep 09, 2019

If we are going to store large volumes of carbon dioxide (CO2) in depleted oil and gas reservoirs beneath the seabed we need to be sure that, in the unlikely event of a leak, we can detect it.  A research expedition, carrying a world-first experiment designed to develop methods for the detection and monitoring of leaks, has just returned from the North Sea; it has been declared a great success.Climate change…

ConocoPhillips Profit Beats Estimates

Oct 29, 2019

US oil and gas company ConocoPhillips' quarterly profit shot ahead of analysts' estimates on Tuesday, as higher shale production offset the impact from lower crude prices and higher exploration costs.Total production, excluding Libya, rose 98…

Sinopec Weighs Output Cuts Due to Freight Rate Surge

Oct 15, 2019

Asia's largest refiner, Sinopec, is weighing plans to cut oil imports in December and reduce output at its refineries after a surge in global tanker freight rates hit margins, four sources with knowledge of the matter said.The cost of shipping…

BP Awards Caspian ACG Contracts

Sep 17, 2019

The upstream consortium, led by UK enerrgy giant major BP, announced that the Azeri-Central-East (ACE) project is moving forward at pace with the awards of key contracts.BP as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development…

Total CEO: Britain Must Stick by Brexit Mistake

Sep 03, 2019

The chief executive of French oil major Total believes that Britain should stick by its decision to leave the European Union even though he thinks it is a fundamental mistake that could be a real issue for the UK economy'It's a choice. It's democracy…

Scotland Funds World's Most Powerful Tidal Turbine

Sep 03, 2019

The Scottish Government announced that it has awarded engineering company Orbital Marine Power GBP3.4mln (USD 4.1million) in funding for its floating tidal turbine, which is the world’s most powerful.The Scottish engineering company is the first…

MarineSpace Wins Ørsted Award

Aug 30, 2019

UK-based marine environmental and planning consultancy MarineSpace Limited has been awarded a place on the UK environmental impact assessment (EIA) framework agreement for Ørsted Wind Power A/S.The award means MarineSpace will be eligible to…

Siemens Wins Viking Link Gig

Aug 28, 2019

Germany's Siemens AG said  that it has won a deal to supply two converter stations for the first high-voltage direct current (HVDC) link between the UK and Denmark.Viking Link will enable the exchange of up to 1400MW of electricity to provide…

EDS Provides Cable Testing to Vattenfall at Horns Rev 1

Aug 27, 2019

High voltage engineering specialist EDS HV Group (EDS), part of the UK’s leading marine services company – James Fisher and Sons plc, has carried out an innovative cable testing campaign for Vattenfall at Horns Rev 1 after the windfarm had experienced network issues…

Scotland to Power Ferries with Hydrogen

Aug 27, 2019

Ferries serving the Western Isles and West Coast of Scotland could soon be powered by hydrogen generated from onshore island wind power, according to a newly published feasibility study.The Scottish Western Isles Ferry Transport Using Hydrogen (SWIFTH2) project…

NKT Confirms Viking Link Cable Order

Aug 26, 2019

Danish group NKT A/S said it has signed the final contract with Energinet and National Grid for the supply of a cable system for the 1,400-MW Viking Link inter-connector between Denmark and the UK.As per the contract, NKT is to supply a cable system of approx…

Triton Knoll Selects Seacat for OESV

Aug 22, 2019

Offshore energy support vessel (OESV) operator Seacat Services signed a  deal to support the construction phase of Triton Knoll offshore wind farm.The contract, which includes options for further vessel charters, will initially see two Seacat…

W African Firm Builds LNG Import Capacity

Aug 20, 2019

Equatorial Guinea is set to construct the first liquefied natural gas (LNG) storage and regasification plant in West Africa, advancing efforts to monetize gas resources through the creation of a domestic gas-to-power infrastructure.Located at the Port of Akonikien…

US Patent Approval for Wave Energy

Aug 15, 2019

AW-Energy Oy, a Finnish wave energy technology developer, received an “approval” for AW-Energy’s patent application from the United States Patent and Trademark Office (USPTO).The patent [PCT/050485] provides AW-Energy with broad IP protection…

UK Gas Prices Rise as Norway Imports Dip

Aug 13, 2019

British wholesale gas prices rose on Tuesday morning as imports from Norway fell, creating undersupply.Within-day gas price up 1.30 pence at 31.20 pence per therm by 0809 GMT.Day-ahead gas price up 0.90 p at 30.50 p/therm.'Prompt prices are all up a bit on lower supply…

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