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Storage News

 

Centrica Gets Consent Extension for UK鈥檚 Largest Gas Storage Facility

Apr 25, 2025

The North Sea Transition Authority (NSTA) has agreed to extend Centrica 云顶赌场老虎机 UK鈥檚 consent to operate the Rough gas storage site, off the east coast of England in the Southern North Sea.The extension runs until April 30, 2026, and enables Rough to continue to support the U.K.鈥檚 energy security.Centrica 云顶赌场老虎机 UK, through its Centrica Energy Storage+ (CES+), operates the Rough gas storage facility and the Easington onshore gas processing terminal in East Yorkshire鈥

Verlume Granted Fit4云顶赌场老虎机 Renewables Status

Jan 08, 2024

Scottish energy management and storage technologies specialist Verlume has achieved the 鈥楪ranted' status from the 云顶赌场老虎机 Renewable Energy (ORE) Catapult鈥檚 Fit For 云顶赌场老虎机 Renewables (F4OR) program.Designed as a business improvement programme and to build energy sector specific capability鈥

Brent's Fall Creates Steepest Contango in 11 Years

Mar 26, 2020

The discount on front-month Brent crude oil futures to later contracts increased to an 11 year high on Thursday, as the coronavirus pandemic continued to cause an unprecedented slump in global demand. The spread on the May to November contracts had widened to as much as minus $10鈥

Chrysaor Backs Mocean Subsea

Feb 16, 2020

Mocean Energy, global wave energy player, has teamed up with energy major Chrysaor, subsea energy storage experts EC-OG and AUV specialist Modus in a project to look at using renewables for subsea power.The project, funded by the partners together with the Oil and Gas Technology Centre (OGTC)鈥

Masirah Contracts Wings 云顶赌场老虎机 for FSO

Nov 27, 2019

Masirah Oil, an exploration and production company operating Block 50 offshore Oman, has awarded a contract to Wings 云顶赌场老虎机 for a floating storage and offloading (FSO) vessel, which will be used on a field located offshore Oman.Masirah said鈥

Global FPSO to Grow at Over 19.9%

Nov 26, 2019

The floating production systems market worldwide is projected to grow by US$85.1 Billion, driven by a compounded growth of 19.5%.Floating production storage offloading (FPSO), one of the segments analyzed and sized in this study, displays the potential to grow at over 19鈥

GERE Goes Carbon Neutral

Sep 24, 2019

GE Renewable Energy, the renewable energy arm of US industrial technology giant General Electric, announced its plan to make 100 percent of its operations carbon neutral by the end of 2020.GE Renewable Energy will reach carbon neutrality by reducing emissions through operational efficiencies鈥

Brazil Leads FPSO Crude Production Capacity

Aug 26, 2019

Brazil will also lead globally on crude production capacity through upcoming floating production storage and offloading (FPSO) vessels with 2,430 thousand barrels per day (mbd) between 2019 and 2025.A total of 20 planned and announced floating鈥

Corvus Energy Gets Shell Ventures Investment

Aug 12, 2019

Canadian-Norwegian battery maker Corvus Energy announced that it has finalized an investment deal with Shell Ventures.The investment is a step towards Shell鈥檚 ambition to decrease the carbon footprint of the energy products they sell by around 20% by 2035 and by around 50% by 2050鈥

Samsung Wins $963mln FPSO Contract

Apr 23, 2019

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit on the condition that the client receives approval from its partner and government鈥

Woodside Selects MODEC for SNE Field

Feb 25, 2019

Australian petroleum exploration and production company Woodside Energy  has awarded MODEC International the front-end engineering design (FEED) contract for the SNE Field Development Phase 1 floating production storage and offloading (FPSO) facility鈥

Shell Invites Bid for FPSO in Bonga

Feb 14, 2019

Shell Nigeria Exploration and Production Company (SNEPCo) has announced the release of invitation to tender (ITT) to contractors for the development of the Bonga South-West Aparo (BSWA) oil field.SNEPCo said in a statement that the project鈥檚 initial phase included a new Floating鈥

Alexandroupolis FSRU Delivery Delayed by Six Months

Jan 15, 2019

Greek utility company Gastrade has extended the timeline for completion of its Greek LNG development by six months to allow more time for the delivery of offshore floating, storage and regasification unit (FSRU) for the Alexandroupolis Independent Natural Gas System Project鈥

Addax Petroleum Extends Yinson鈥檚 Adoon FPSO Deal

Nov 25, 2018

Nigeria-focused oil company Addax has extended the charter for the Yinson-owned FPSO Adoon for another three months, pending discussion for a potential longer-term deal.'Unless otherwise expressly defined in this announcement, terms and expressions鈥

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