Petrodec’s newly constructed heavy lift jackup vessel, named “Obana,” has begun decommissioning work in the Southern North Sea for Perenco UK (PUK)’s Galahad platform. Obana is initially being deployed on Block 48/12a working on the Galahad platform, where the program includes topside and jacket removal. After Galahad, Obana will move to the Amethyst field for […]
Despite declining domestic production and ambitions to pivot away from fossil fuels, oil and gas still meet three-quarters of the UK’s energy needs, with gas alone supplying over 85% of domestic heating and cooking for homes and often providing more than half of electricity generation during low renewable output.
Thurrock Storage, with a total capacity of 600 megawatt hours, can supply power to approximately 680,000 homes. It helps balance supply and demand by absorbing excess clean electricity and releasing it instantly when needed by the grid. To support this, the National Grid said it upgraded the Tilbury substation by installing new protection and control systems, ensuring the regional network can handle the battery’s substantial additional load safely.
Of course, the problem with solar is that it cannot power even one home for a period of a week, much less a year, due to its complete weather dependence. Battery storage has been hailed as a solution to this weather dependence problem, but in view of its costs and land footprint, battery storage is still a fraction of what is needed to offset periods when the sun is not shining and the wind is not blowing.
Energy Capital Partners, part of Bridgepoint Group, is one of the largest private owners of natural gas infrastructure assets in the US. The company cited growing demand for reliable natural gas supply in the UK and Europe as a key driver for the acquisition.
SLB will deploy its Sequestri™ carbon storage solutions portfolio — which includes technologies specifically engineered and qualified for the development of carbon storage sites — to construct six carbon storage wells. The project scope includes drilling, measurement, cementing, fluids, completions, wireline and pumping services.
EU states earlier approved a fresh sanctions package on Russia that included new banking restrictions and curbs on fuels made from the nation’s petroleum. The package – the bloc’s 18th since Moscow’s full-scale invasion of Ukraine – will also cut off 20 more Russian banks from the international payments system SWIFT and impose restrictions on Russian petroleum refined in other countries. A large oil refinery in India, part-owned by Russia’s state-run oil company, Rosneft PJSC, was also blacklisted.
The department didn’t give specifics on when deliveries restarted. Trucks weren’t getting into the plant in north England earlier in the day, according to two people familiar with the matter.
Equinor and Shell have unveiled Adura as the name of their new incorporated joint venture, set to become the UK North Sea’s largest independent oil and gas producer, the companies said on Thursday.
How the cuts will be implemented has not been made clear for the time being, except a statement saying energy intensive industries will be made exempt from certain levies, such as the Renewables Obligation. The mechanism obliges electricity distributors to source part of their electricity from wind and solar installations, per government plans to reduce the country’s reliance on hydrocarbons.