Energy News to 6 Apr. 2022. OPEC daily basket price stood at $108.05/bl, 5 April 2022
For the sixth day in a row, 43 supporters of Just Stop Oil have disrupted oil supplies from critical oil facilities in support of their demand that the UK government end new oil and gas projects in the UK. At around 3am today, 25 young people entered the Navigator oil terminal in Thurrock, climbed on top of tankers and the loading bay and locked on to the pipework. They are displaying Just Stop Oil banners and have sent video messages to explain their actions Read More
Pipeline Technique, the onshore and offshore infrastructure welding, coating and fabrication specialists, can share that it has acquired Global Project Services (GPS) from Global Energy Group (GEG). GPS is headquartered in Invergordon and has a presence in Bergen, Norway. The company specialises in pre-fabrication, field specialist welding and mechanical works for the infrastructure, nuclear, LNG, hook-up, and decommissioning sectors. GPS is also the UK’s and European’s leading field specialist welding subcontractor. The acquisition will enable Pipeline Technique to fulfil some of its strategic growth goals and, through sector diversification and geographic expansion, provide a broader range of advanced field welding and coating solutions to clients in the UK and internationally. Read More
Woodside, as operator for and on behalf of the Scarborough Joint Venture, has received key primary approvals from the Commonwealth-Western Australian Joint Authority to support execution of the Scarborough Project. The Scarborough Joint Venture has received an offer for the pipeline licence to construct and operate the
Scarborough pipeline in Commonwealth waters. Approval has also been granted for the Scarborough Field Development Plan (FDP), enabling Woodside to commence petroleum recovery operations from Petroleum Production Licences WA-61-L and WA-62-L. These milestones follow final investment decisions made in November 2021 to approve the US$12.0 billion (100%, $6.9 billion Woodside share) Scarborough and Pluto Train 2 developments. Scarborough gas processed through Pluto Train 2 will be one of the lowest carbon intensity sources of LNG delivered to customers in north Asia, with first LNG cargo targeted for 2026.
Woodside CEO Meg O’Neill said the pipeline licence and field development plan are among the final primary Commonwealth and Western Australian State Government approvals required to develop the Scarborough resource. “Developing Scarborough delivers value for Woodside shareholders and significant long-term benefits locally and nationally, including thousands of jobs, taxation revenue and energy security here and abroad. “The Scarborough reservoir contains only 0.1% carbon dioxide, and Scarborough gas processed through the efficient and expanded Pluto LNG facility supports the decarbonisation goals of our customers in Asia,” she said Read More
Stanford engineers invent a solar panel that generates electricity at night
The Earth is constantly receiving a tremendous amount of energy from the Sun, to the tune of 173,000 terrawatts. Clouds, particles in the atmosphere, and reflective surfaces like snow-covered mountains immediately reflect 30 percent of that energy out into space. The rest of it ends up warming the land, oceans, clouds, atmosphere, and everything else on the planet. But that energy doesn’t stay here. Except for the additional heat that greenhouse gasses have been trapping once humans started burning copious amounts of fossil fuels since the Industrial Revolution, Earth sends out about as much energy as it receives. That’s why the planet emits a truly mind-blowing amount of energy as infrared radiation. Read More
Energy Dome and Ansaldo Energia, signed a non-exclusive license agreement to partner on the commercialization of long-duration energy storage facilities across the EMEA region that will support greater integration and use of renewable energy on the grid. This partnership will help accelerate the transition away from fossil fuel power toward renewable energy to meet climate goals. With Energy Dome’s first commercial CO2 Battery storage facility nearing completion in Sardinia, Italy, Energy Dome anticipates seeing as many as 30 facilities being built over the next five years in Italy, Germany, the Middle East, and Africa. These facilities will use Energy Dome’s non-flammable, non-toxic carbon dioxide-based energy storage solution to store and dispatch power. The companies anticipate the deployment of the first CO2 Batteries, including performance guarantees, starting in 2023, with Ansaldo Energia acting as EPC, based on the Front-End-Engineering-Design (FEED) developed by Energy Dome. More
Mitsui & Co., has launched Mitsui & Co. Infrastructure Solutions, S.A. de C.V. to deliver water, power and energy solutions in Mexico. MITinfra will provide companies with infrastructure services offered by Mitsui’s two subsidiaries, Atlatec, S.A. de C.V. (“Atlatec”), a water-related business, and Mitsui & Co. Power Development and Management Americas, S.de R.L.de C.V. (“MPA”), a power-focused business.
Ramon Moreno Vergara, CEO of MITinfra said: “Through MITinfra, we want to respond to the current market trend of decentralization, decarbonization, and digitalization. The Company will provide reliable, competitive, and environmentally sustainable water and energy supply to our customers in Mexico, contributing to the social and economic development of Mexico and its surrounding countries at the same time. MITinfra also provides Mitsui with a platform to potentially expand its infrastructure business further.”
Atlatec, acquired by Mitsui in 2008, is a leading provider of environmental services in Mexico. With more than 60 years of experience, it offers integrated water treatment solutions, including the development, financing, designing, construction and operation & maintenance of water and wastewater treatment plants for municipalities and commercial and industrial customers. MPA, established in 2010, operates and manages Mitsui’s power generation assets in Mexico. It has diversified its activities in recent years, focusing on the development, management and operation of renewable assets, on-site generation plants, power retailing and energy management with an efficient vertical integration in a clean energy matrix. Read More
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $103.41 | Down |
| Crude Oil (Brent) | USD/bbl | $107.89 | Down |
| Bonny Light | USD/bbl | $107.71 | Down |
| Saharan Blend | USD/bbl | $109.53 | Down |
| Natural Gas | USD/MMBtu | $6.13 | Up |
| OPEC basket 05/04/22 | USD/bbl | $108.05 | Up |
