News

  • Energy from Solar Wind Favours the North

    Using information from ESA’s Swarm satellite constellation, scientists have made a discovery about how energy generated by electrically-charged particles in the solar wind flows into Earth’s atmosphere – surprisingly, more of it heads towards the magnetic North Pole than towards the magnetic South Pole.  …

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  • Boeing to Provide Six More Solar Arrays for International Space Station

    Boeing will support the International Space Station’s (ISS) growing research capabilities and commercial opportunities with new solar arrays to increase the orbiting laboratory’s power supply.   The modification to Boeing’s ISS sustainment contract with NASA calls for Boeing to deliver six additional solar arrays to…

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  • North Sea Grieg area boosts Lundin’s reserves

    Lundin Energy has updated its estimates for its 2P and 3P net resources.   As of the 31st December 2020, 2P (proved plus probable reserves) were 670.9 MMboe, an upward revision of 39.3 MMboe related mainly to the Edvard Grieg field in the North Sea….

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  • Premier Oil shareholders sign off on Chrysaor merger

    The merger between Premier Oil and Chrysaor has been approved by Premier’s shareholders and the deal is expected to close by the end of the first quarter this year.   Premier reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger…

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  • LNG Benchmark Tops US$30

    North Asia’s liquefied natural gas benchmark rose above US$30 per million British Thermal units for the first time, breaking a barrier that few thought possible.   Freezing temperatures across north Asia have boosted gas consumption and caught short some end-users, sending the spot rate to new highs….

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  • Global gas production down 3.6% in 2020

    Global natural gas production dropped 3.6% to 3,918 billion cu m/year (bcmy) in 2020 as low oil and gas prices led to lower exploration and production, according to Rystad Energy estimates.   With production estimated to have dropped by 47 bcm to 1,103 bcm in…

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  • Neoen Plans Massive 500MW Big Battery West of Sydney

    Australia’s largest battery storage project could be built just outside of Sydney, with planning documents revealing the plans of renewable energy developer Neoen kick-starting the planning process for a 500MW/1,000MWh big battery in New South Wales.   Neoen submitted a scoping study for the project…

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  • First LNG-powered ferry to serve UK takes to the water

    The next ship to join Brittany Ferries’ fleet will be called Salamanca; she will be powered by cleaner LNG and she took to the water for the first time last week.   Salamanca’s launch ceremony took place on 6 January 2021 at the CMJL shipyard…

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  • NorSea UK ‘Peterhead Facility Marks Successful Diversification

    A leading provider of integrated logistics solutions has welcomed landmark vessels which represent successful diversification into new sectors.   NorSea UK’s Peterhead facility recently received its first ever grain and coal vessels, taking the company into important new marketplaces and maximising recent multimillion-pound investment in…

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