Sustainable Marine Energy’s Inshore Platform PLAT-I Powers Up
On November 25th Edinburgh-based tidal energy technology developer Sustainable Marine Energy (SME) completed the installation of its game changing PLAT-I tidal energy system at Connel, near Oban in western Scotland. The operation, including tow-out, was completed in under 5 hours using Green Marine’s multicat vessel Green Isle. PLAT-I is a multiple turbine floating tidal energy platform hosting Schottel Hydro's (SHY) turbine system rated at 280kW. The power take-off system…
Grangemouth Oil Refinery Running amid Forties Pipeline Closure
Scotland's 200,000 barrel per day (bpd) Grangemouth oil refinery has enough crude to keep running even as the Forties pipeline that supplies it will be shut for weeks, a spokesman for operator INEOS said on Tuesday. Oil prices spiked to more than two-year highs on Tuesday after INEOS said the Forties pipeline, which it also operates, will be closed for weeks to repair a hairline fracture. The pipeline carries about 450,000 bpd of Forties oil to Hound Point on the Scottish coast, where it is either loaded onto tankers, stored in tanks or piped to the 200,000-bpd Grangemouth refinery.
Britain's Biggest Oil pipeline Shut "for weeks"
Britain's largest oil pipeline could shut down for weeks for unscheduled repair work, sending the price of crude to new two-year highs and triggering a steep rally in natural gas prices, just as a cold snap sweeps the country. The Forties Pipeline System, which carries around 450,000 barrels per day of Forties crude from the North Sea to the Kinneil processing terminal in Scotland, had been operating at reduced capacity since December 7 when a routine inspection revealed a small leak.
Force Majeure Declared on Some North Sea Liftings
Pipeline shut on Dec. 11; repair work could last several weeks. Deliveries of crude oil through the Forties pipeline in the North Sea are under force majeure for the first time in decades and operator INEOS said on Thursday there was no timeline yet for repair work that could last several weeks. The 169-km pipeline, which carries around a quarter of all North Sea crude output and around a third of Britain's total offshore gas production, has been closed since Monday, following the discovery of a small crack in part of the system onshore in Scotland.
Britain Warns Scots: Independence would Hurt Energy Industry
Britain on Tuesday warned Scots that voting for independence would put jobs and investment in the Scottish energy industry at risk, threatening the commercial viability of North Sea oil and gas fields and renewable energy projects. In September Scotland will hold an referendum on whether to sever its 307-year tie with England, with Scottish nationalists arguing that a split would give them greater economic freedom. The British government wants to keep the union intact and has produced a series of analysis papers arguing its case on issues such as the currency, security and finance.
Oil Firms Opt for Stability, Urge Scotland to Stay in UK
Reuters - Royal Dutch Shell has become the second energy heavyweight to urge Scotland to stay in the United Kingdom as the campaign for Scottish independence battles mounting opposition from businesses. Shell is a key player in the North Sea oil and gas fields off Scotland and its Chief Executive Ben van Beurden said a vote for independence on Sept. 18 would mean greater uncertainty for the energy industry. Last month, the boss of BP warned Scottish independence could cause "uncertainties" for his company.
Cameron Warns of Economic Threat from Scottish Breakaway
British Prime Minister David Cameron told Scots on Thursday that much of their industry and more than one million jobs could be put in jeopardy if they vote next month to leave the United Kingdom. In a high-stakes gamble three weeks before a referendum, Cameron travelled to Glasgow to spell out the risks of secession, having previously remained largely on the sidelines of the debate due to both his and his Conservative party's limited appeal in Scotland. Ignoring concerns that the campaign to keep the union together has been too negative…
Brent Eases, Traders Sanguine About Pipeline Outage
Brent futures for delivery in the first months of next year have given up much of their premium since the announcement on Monday that the Forties pipeline system would be shut for emergency repairs. The Forties pipeline system, which carries around 450,000 barrels per day and handles nearly a quarter of North Sea output, is likely to be shut for several weeks, according to owner Ineos. But traders have become much more sanguine about the impact on benchmark North Sea oil prices as well as the wider oil market (http://tmsnrt.rs/2kqSkar).
Ancala Acquires Apache's North Sea Gasline Assets
Independent UK-based infrastructure investment fund Ancala Partners has finalised its acquisition of Apache Corp's interests in two North Sea gas pipeline assets for an undisclosed sum, it said on Monday. Through its North Sea-focused mid-stream oil and gas acquisitions platform, Ancala took Apache's 30.28 percent stake in the Scottish Area Gas Evacuation (SAGE) System and its 60.58 share of the Beryl Gas Pipeline. The SAGE system comprises a 323-kilometre (200 mile) pipeline and gas processing terminal at St.
Statoil Debuts Batwind
A new battery storage solution for offshore wind energy will be piloted in the world’s first floating wind farm, the Hywind pilot park off the coast of Peterhead in Aberdeenshire, Scotland. Batwind will be developed in co-operation with Scottish universities and suppliers, under a new Memorandum of Understanding (MoU) signed in Edinburgh on 18 March between Statoil, the Scottish Government, the Offshore Renewable Energy (ORE) Catapult and Scottish Enterprise. Battery storage has the potential to mitigate intermittency and optimise output.
Scotland Launches Consultation on Fracking
Scotland has launched a consultation on whether to allow unconventional oil and gas extraction such as fracking, its government said on Tuesday, with a vote expected at the end of the year. Substantial amounts of shale gas are estimated to be trapped in underground rocks and the British government wants to exploit it to help offset declining North Sea oil and gas output. However, hydraulic fracking - which involves extracting gas obtained from rocks fractured at high pressure…
Scottish $2.6 Bln Offshore Wind Project Green Lighted
The developer of a 2 billion pound ($2.6 billion) Scottish offshore wind power project said on Wednesday it had won a two-year court battle with a bird charity over plans for the site. Scottish ministers in 2014 approved plans to build the 450-megawatt Neart na Gaoithe wind farm, off Scotland’s east coast. The project had been held up, however, by a legal challenge from the Royal Society for the Protection of Birds (RSPB), which said it could cause the death of hundreds of native birds.
Scotland Imposes Moratorium on Shale Plan Permits
Scotland has imposed a moratorium on shale gas planning permits and is launching an assessment of the impact of shale gas on public health, Scottish Energy Minister Fergus Ewing told the Scottish Parliament on Wednesday. "We are imposing a moratorium on granting planning consents," the minister, a member of the Scottish National Party, said. There are currently no shale gas projects underway in Scotland, but a moratorium means no Scottish shale gas plans will be approved until it is lifted.
Oil Gains on Forties Pipeline Shutdown, New York Blast
Oil prices rose Monday, reversing earlier declines, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York. Brent crude futures were up $1.20, or nearly 2 percent, at $64.60 by 12:22 p.m. EST (1722 GMT). U.S. West Texas Intermediate (WTI) crude futures were at $57.87 a barrel, 51 cents or 0.9 percent above their last settlement. The difference between the two benchmarks <WTCLc1-LCOc1> was the largest since late October…
Divorce Costs Could Sour Scotland's North Sea Hopes
Scottish nationalists are betting $2.5 trillion of hydrocarbons trapped miles beneath the North Sea could bankroll an independent Scotland, but winning control of the European Union's largest oil reserves would be no blank cheque. Scotland says the bulk of Britain's North Sea oil and gas reserves are in its waters, while London says any division would be subject to negotiations should Scots vote to end their 307-year-old union with England in a referendum on Sept. 18.
British Oil Revenue Forecast Cut in Blow to Scottish Separatists
Revenues from Britain's oil over the next 30 years could be around 25 percent less than previously predicted, the UK's independent budget office said on Thursday, delivering a blow to Scotland's campaign for independence. The Office for Budget Responsibility said in an annual report that since last year predicted combined revenues for the six years from 2013-14 to 2018-19 had been revised down by 8 billion pounds ($13.6 billion). Expected revenues also for the period 2019-20 to 2040-41 have been cut to 39.3 billion pounds, down 12.6 billion from the OBR's estimate last year.
Scotland May Have Shale for 30 Years' Worth of UK Gas Needs
Scotland, heading for a September independence referendum, could hold enough shale gas resources to cover UK gas needs for more than 30 years, a geological report published by the British government showed on Monday. But Scotland's roughly 80 trillion cubic metres of gas is only around 6 percent of Britain's potential, with the rest mainly in the Bowland Shale region across northern England. The British Geological Survey report, the third focusing on high potential areas which have covered northern and southern England…
Saltire Energy CEO Honored for Entrepreneurial Spirit
Mike Loggie, Chief Executive of Saltire Energy, a supplier of drilling tools to the offshore oil and gas industry, has been announced as the overall winner of the EY Scotland Entrepreneur Of The Year Awards 2015. Winners were announced at a black tie ceremony at Gleneagles Hotel on Thursday, June 25. Loggie was chosen from among 25 Scottish business leaders to claim the top accolade, and will go onto represent Scotland at the EY UK Entrepreneur Of The Year final in October 2015.
Enpro Subsea Drives $1.8mln into Flow Assurance Project
Enpro Subsea has announced a research and development grant from Scottish Enterprise which will see the firm investing £1.5million ($1.85mln) to develop its flow assurance technology further to address emerging markets in deeper waters. The news came as Scottish Enterprise revealed a new Subsea Engineering Action Plan with the aim of capturing an even bigger slice of the current £50 billion ($61.5bln) global subsea market. Scottish Government Minister for Business, Innovation and Energy…
U.S. Shale Gas Shipment to Arrives in Britain
The first shipment of gas fracked from U.S. shale will arrive in Britain next week, upping pressure on Scotland to reassess its opposition to fracking. Chemicals giant Ineos will be importing ethane, obtained from rocks fractured at high pressure, in a foretaste of larger deliveries of liquefied natural gas (LNG) from shale set to reach Europe in 2018. The shipment of ethane, used to make plastics, anti-freeze and detergents, will arrive in Scotland's Firth of Forth on Tuesday, accompanied by a lone Scots piper at sunrise, the company said.