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.
Aquaterra Energy, a leader in offshore engineering solutions, has secured two major contracts to support the Northern Endurance Partnership (NEP), the CO2 transportation and storage provider for the East Coast Cluster. The project, which will initially serve three carbon capture projects in the Teesside region is the first offshore carbon capture and storage (CCS) project in the UK to receive a carbon storage permit.
“With new state of the art submarines patrolling international waters and our own nuclear warhead program on British shores, we are making Britain secure at home and strong abroad, while delivering on our Plan for Change with 30,000 highly skilled jobs across the country,” UK Defense Secretary John Healey MP said in that release.
“We identified BBSS as an opportunity to make a step change in operational safety through making it easier and more user-friendly for personnel to participate and allowing us to make more effective use of the resulting leading data. It provides full visibility of engagement in our safety reporting and real-time data, giving us immediate insight into reported issues and the ability to act swiftly for the best outcomes in our operations”, EnQuest’s Director of HSE and Wells, Ian McKimmie, added.
The UK urged its Group of Seven allies to agree a cut to the price cap on Russian oil, saying the move is necessary to put further pressure on President Vladimir Putin to end Russia’s war in Ukraine.