Energy

Oil & Gas News, October 2017

Opec expects stronger demand for its crude oil next year due to stronger consumption growth and lower estimates for supply from outside the cartel, as prices near $50 a barrel boost driving and crimp output. The cartel’s monthly market report said its in-house analysts see demand for Opec’s oil reaching 33.1m barrels a day in 2018, up by roughly 200,000 barrels per day from last month’s forecast with the increase largely split between stronger demand and lower estimates of non-Opec supply. The increase ...Read more

Power Generation News, October 2017

In a claimed UK first, energy supplier EON has completed the installation of a 10MW energy storage system that will be used to help smooth the flow of power to and from the grid. The 10 megawatt (MW) Lithium-Ion battery, which is housed in four 40ft long shipping containers, has the same power as roughly 100 family cars and holds the same amount of energy as 500,000 mobile phone batteries. It has been Installed at a 30MW renewable energy plant that converts ...Read more

Oil & Gas News, September 2017

North Sea oil and gas producers have pulled out of the “death spiral” that had threatened to send the basin into precipitous decline according to industry leaders. However, exploration remains at its lowest level since the 1970s and the UK faces a battle to compete against lower cost oil and gas elsewhere in the world. The chief executives of Royal Dutch shell and BP, the UK’s largest oil groups and pioneers of the North Sea industry, both said they were optimistic about the ...Read more

Oil & Gas News, August 2017

Chevron is preparing to affirm its commitment to the North Sea, restarting a bidding process to help unlock the region’s single biggest undeveloped field and considering extending the life of one of its key assets in UK waters. The US oil major is looking again at developing the Rosebank oil and gas field north-west of the Shetland Islands, which it holds a majority stake. It was discovered in 2004 but higher costs owing to the deep water and hostile weather have deterred ...Read more

Power Generation News, August 2017

Business secretary Greg Clark has granted consent for or offshore wind turbines with a tip height of 247m for the East Anglia THREE project, which will have a total output of up to 1200MW. This output would require up to 172 individual turbines across an area of 305 km2, 69 km east of Great Yarmouth. A company spokesman told The Engineer that no decision had yet been taken on the source of the turbines. Scottish Power Renewables chief executive Keith Anderson commented ...Read more

Oil & Gas News, July 2017

Maersk Oil announces it is on track to deliver first gas from a major North Sea oil field in 2019.The Culzean field, which lies around 145 miles east of Aberdeen is expected to produce 60-90,000 barrels of oil per day. Maersk claimed the field could meet 5% of the UK gas demand by 2020-21.Read more

Power Generation News, 2017

The University of Strathclyde and Babcock are to lead an industrial partnership worth £4.2m with the aim of making nuclear assets safer and more reliable. The Programme will develop advanced inspection techniques, biotechnology solutions for infrastructure repair and new products and processes for managing nuclear power facilities and extending their lifetime. The project forms part of a £138m investment in research-business partnerships announced by the UK government and the Engineering and Physical Sciences Research Council (EPSRC). The project involves Babcock, EDF Energy, Kinectrics ...Read more

Oil & Gas News, July 2017

The first delivery of oil from of the largest new drilling operations in the North Sea has been welcomed. Located around 125 km east of the Shetland Islands, the £2 billion investment in the Kraken oilfield by oil and gas development and production company EnQuest, was made possible by the UK Government’s support for the sector. The oilfield is expected to contain around 128 million barrels of oil and support more than 1,000 jobs in the UK for each year of Its ...Read more

Power Generation News, July 2017

The world’s first floating windfarm has taken to the seas. Two turbines were floated this week, increasing the number to five. Located in the deep waters of a fjord on the western coast of Norway ready to be tugged across the North Sea to their final destination off north-east Scotland. The £200m Hywind project is unusual not just because of the pioneering technology involved, which uses a 78-metre-tall underwater ballast and three mooring lines that will be attached to the seabed to ...Read more

Oil & Gas News, May 2017

Oil has begun flowing from a North Sea field which is part of a wider project aimed at unlocking 100 million barrels of additional reserves. Operator Repsol Sinopec Resources UK said first oil had been achieved at the Shaw field, about 200km (124 miles) east of Aberdeen. Shaw is part of the Montrose Area Redevelopment (MAR). Repsol Sinopec said MAR could extend the life of a number of fields in the area to beyond 2030. The project has involved modifying and expanding ...Read more
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