ITC launches new hydraulics products at Adipec
Hydraulic solutions specialist ITC is showcasing two of its newest products at Adipec.
Other News
Ship owner reaches agreement with Ceona administrators
Norwegian shipping firm GC Rieber has come to an agreement with administrators for defunct subsea contractor Ceona regarding its vessel Polar Onyx.
National Grid starts sales process for UK gas grid stake
National Grid Plc, the operator of UK’s electricity and natural gas networks, started a process for the potential sale of a majority stake in its domestic gas distribution business.
PSA gives Gasco deadline to investigate corrosion at Karsto processing facility
The PSA (Norwegian Petroleum Safety Authority) has given Gasco and Statoil a deadline for the end of the month to investigate causes of corrosion at the Karsto processing facility. The body said Gasco now has until Novermber 26 to deal with issue raised. Statoil is the technical service provider at Karsto.
Shell opens landmark Quest CCS project in Canada
Oil major Shell has opened a landmark new CCS (Carbon Capture and Storage) project in Canada. The new Quest facility at the Athabasca Oil Sands project is designed to capture, transport and store more than one million tonnes of carbon dioxide CO2 each year. The amount is equivalent to the emissions from an estimated 250,000 cars.
2015 temperatures “one degree above pre-industrial levels for first time”
Global temperatures in 2015 are set to reach one degree centigrade above pre-industrial levels for the first time, scientists have warned.
INEOS strikes deal with ExxonMobil and Shell to supply US shale gas to Fife Ethylene Plant
INEOS has struck a deal with ExxonMobil Chemical and Shell Chemicals Europe to supply ethane from US shale gas from Grangemouth to the Fife Ethylene Plant. The purchase agreement will be from the middle of 2017 and it is hoped access to this source will help complement supplies from North Sea natural gas fields. Geir Tuft, business director at INEOS O&P UK, said the deal was a “landmark agreement”.
Amec Foster Wheeler wins contract with Applied Graphene Materials
Amec Foster Wheeler has been appointed as the preferred engineering partner by Applied Graphene Materials. The contract involves the FEED (pre-Front End Engineering Design) contract for provision of engineering support. Earlier this month Amec Foster Wheeler said it planned to make cost savings of $180million by 2017.
Calls for Saltire Prize to be scrapped after companies struggle to meet criteria
An ambitious £10million plan set up set up seven years ago to make Scotland a world leader in wind and tidal power should be scrapped, according to critics. The Saltire Prize, led by Gordon MP and former First Minister Alex Salmond, has come into difficulty after it was revealed none of the competitors would be able to meet the criteria for the 2017 deadline. According to reports in the Herald Scottish Conservative MSP Murdo Fraser said the ambitious prize had become a “white elephant”.
Call to tackle ‘unfair dumping’ in steel industry, as thousands of jobs to go
Steelmaking companies in the UK are pressing the Government to ease the crisis in their industry by tackling “unfair dumping” of products.
E.ON to pay £7million after ‘unacceptable’ advanced meter failings
E.ON has been told to pay £7 million to the Carbon Trust for its “unacceptable” failure to supply enough advanced meters to business customers, regulator Ofgem has revealed.
Aggreko posts strong trading update, in line with expectations
Aggreko is on track to realise a full year profit of up to £270million.
Steelworkers head to Brussels, make high energy costs plea
UK steelworkers will be in Brussels tomorrow urging the business secretary to take urgent action to save jobs in their crisis-hit industry.
Energy security reassurance sought amid reserve capacity ‘shortfall’ concerns
Holyrood’s Energy Minister has written to Amber Rudd seeking reassurance that energy security issues are being “properly considered”.
Dyson awaits court ruling on EU energy labelling laws
Dyson is expecting a European court verdict on its request to amend EU energy labelling laws for vacuum cleaners, arguing that they mislead customers.
Shell sees carbon price of $60 to $80 needed to justify CCS
Carbon capture and storage projects need a $60 to $80 price for carbon dioxide to justify building them, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said. That’s more than five times the current price of C$15 ($11.27) a ton in Alberta, Canada, where the oil company began commercial operations for a CCS project Friday.
Change-of-plea hearing for ex-BP engineer in Gulf oil spill case
A former BP engineer is having a change-of-plea hearing in New Orleans, where he has been fighting a charge that he obstructed an investigation into the deadly 2010 Gulf of Mexico oil spill. Kurt Mix was indicted in early 2012 on two criminal counts arising from allegations that he deleted text messages about the amount of oil that spewed into the Gulf after the Deepwater Horizon offshore rig explosion that killed 11 workers. He has been in an up-and-down legal battle ever since. He was acquitted on one criminal charge in a 2013 trial and convicted on an obstruction of justice charge at the same hearing.
Statoil in reduced equity share at Nigerian field after redetermination
Norwegian operator Statoil said it has received an expert calculation of revised tract participation's for the Agbami field in Nigeria. The calculation will result in a reduction of 5.17% in Statoil’s equity interest in the field from 20.21% to 15.04%. The company previously initiated arbitration proceedings to set aside interim decisions made by the expert.
ExxonMobil boss makes it into top 25 of Forbes power list
The boss of ExxonMobil has once again made Forbes magazine’s list of the most influential people in the world. Rex Tillerson was ranked number 25 in the chart with the boss of GE Jeff Immelt just one spot higher. Tillerson was commended for leading the company and presiding over an operation which generated $34billion in net income in the past year.
Construction of new renewable plant suspended, affecting 700 workers
Construction of a new renewable energy plant has been temporarily suspended, affecting 700 workers. Air Products said it had decided to temporarily halt building a second energy-from-waste plant in Tees Valley. The company said that as with many ground breaking projects, improvements were identified as construction advances.
US issues backing for Faslane nuclear programme
The US Government has reiterated its support for the UK’s nuclear arsenal amid Labour’s growing support for its abolition. The UK Government is preparing to replace its nuclear submarine fleet, based at Faslane on the Clyde, with new vessels to be jointly developed with the US Government to carry the US- manufactured Trident D5 missile. The Scottish Parliament voted overwhelmingly to call for the renewal of Trident to be scrapped on Tuesday, following Scottish Labour’s decision to reverse its historic pro-nuclear stance.
Baker Hughes MD joins Step Change in Safety’s leadership team
The managing director of Baker Hughes will become the new co-chair of Step Change in Safety’s leadership team. Crawford Anderson will take over the reins from the managing director of Petrofac, Steve Bullock, as the contractor co-chair. Anderson has sat on the Step Change Leadership Team since 2012 and will now join Ian Sharp a fellow co-chair and chief operating officer from Fairfield Energy.
Plane bound for oil field not cleared to take passengers
A cargo plane that crashed in South Sudan, killing at least 36 people, was not authorised to carry passengers, the head of the country’s Civil Aviation Authority has said. Stephen Warikozi said that the captain of the Antonov AN-12 informed the control tower at Juba International Airport before taking off that he had 12 passengers and six crew members.
Rigs continue to stack up in the Cromarty Firth
Rigs have been stacking up in the Cromarty Firth amid the continued decline in oil price.
Millions remains on costly energy tariffs despite new price display rules
Millions of households remain stuck on expensive energy tariffs despite new rules forcing suppliers to display their cheapest prices, figures show. Which? said it was “clear” that recent reforms making suppliers reduce the number of tariffs and show their lowest tariff on bills had not led to significantly increased consumer engagement. The latest Government figures show that since the beginning of last year, the proportion of people on a standard electricity tariff, which costs around £54 or 9% more than other deals on average, remained stuck at an average of 75%, or approximately 21 million customers.