UK's Drax will pay $33 million after misreporting biomass data
Ofgem, the UK's energy regulator, said that Drax had misreported data regarding biomass imported from Canada. The company will pay Ofgem a voluntary redress fund of 33 million pounds (25 million pounds) for this mistake. Drax is Britain's leading renewable energy generator.
The Emerging U.S. Offshore Wind Industry in a Post-COVID-19 World
Join a webinar on June 17, 2020 for the global release of a major new market study on the depth, breadth and growth prospects of the Offshore Wind Market -- https://zoom.us/webinar/register/WN_UR5uY1boTOKdAAcAXDbR4gJust when it was looking like the offshore wind industry was finally about to take off in the United States…
Hybrid AUV Completes Depth of Burial Survey for Offshore Wind Farm
Modus Seabed Intervention completed a high speed bathymetric and depth of burial survey of the inter array cable routes on the innogy operated Gwynt-y-Môr offshore wind farm, using the Modus HAUV-2 (Hybrid Autonomous Underwater Vehicle) .The Gwynt-y-Môr Offshore Wind Farm…
Excelerate FSRUs Hit Send-out Milestone
US-based LNG solutions company Excelerate Energy's Northeast Gateway Deepwater Terminal (Northeast Gateway), located offshore Boston, reached a peak send-out flow rate of over 800,000 MMBTU per day of natural gas on February 1, 2019, a first for the terminal.The operation…
UK Energy Watchdog Proposes Tests for New Suppliers
Britain's energy regulator Ofgem has proposed financial and customer service tests for new suppliers after several smaller energy providers went bankrupt over the last year, it said on Wednesday.Ofgem said the tests should ensure new entrants are robust while encouraging competition in the market."Companies would have to demonstrate
Arkona Offshore Wind Farm Comes Online
The Arkona offshore wind farm in the German part of the Baltic Sea has supplied the first electricity into the German electricity grid.The 385 MW project, operated by E.ON in partnership with Equinor, when completed can deliver power to approximately 400,000 German households.
OPEC to Stick to Supply Curbs Despite Oil Rally to $71
OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of 2018, five sources familiar with the issue said, although some producers are starting to worry that high prices may be giving too much stimulus to rival output. OPEC, Russia and several…
As China Faces Winter Gas Crunch, LNG Prices Soar
In unusual move, LNG spot prices jump above oil-linked prices. China is hoovering up liquefied natural gas (LNG) cargoes worldwide, pushing spot prices for the fuel above those for oil-indexed cargoes, as energy providers scramble to avoid a looming winter supply crunch.
Aramco Listing Reshapes Saudi's OPEC Policy
Saudis were ready to quit OPEC unless output cut agreed. Saudi Arabia's plans to float state oil titan Aramco are prompting the country to think the unthinkable. Late last year, Saudi Arabia tried to get fellow oil producers around the world to agree to reduce production.
EU to Get Energy Enforcement Powers
European Commission to publish legal proposals next year; outline communication due next week. EU energy regulator ACER, until now largely toothless, will be given legal powers to enforce plans for a single energy market that breaks down national barriers under a proposal from the bloc's executive arm.
AMS Wins Energy Technology Competition Grant
Autonomous Marine Systems Inc. (AMS), a marine data collection, monitoring and transmission solutions provider, recently won first prize in the oil and gas track of the Longhorn Energy Club’s Energy Technology Competition, the company announced. The competition is held…
German Utilities Eye Solar Leasing Options
Germany's big utilities are looking to a new business of leasing solar systems as a strategy to help halt a fall in their share of the home market, which has already become the world's biggest solar energy producer without them. By 2017, analysts expect a push by top utilities…
'Smart' Tech May Make Utilities More Vulnerable to Hackers
Last November, Felix Lindner came very close to shutting down the power supply of Ettlingen, a town of almost 40,000 people in the south of Germany. "We could have switched off everything: power, water, gas," Lindner, head of Berlin-based Recurity Labs, an IT security company, said.
Merkel to Push Back against EU If Green Energy Support Questioned
German Chancellor Angela Merkel said on Wednesday she would push back decisively against the European Commission if it raised further objections to Germany's system of green power subsidies. Berlin and the Commission have been at odds over the German policy under which…
Price Cut Pressure Mounts on UK Energy Firms
Britain's big energy suppliers are coming under mounting pressure from consumer groups and politicians to cut household power and gas bills after a sharp drop in wholesale costs boosted the firms' profit margins. The country's "big six" energy providers, which supply 96 percent of UK households…
Price Cut Pressure Mounts on UK Energy Firms
Big six suppliers' pre-tax profit margins double in past year; Wholesale prices have dropped due to mild winter, healthy stocks. Energy price cuts could be put off due to Miliband freeze pledge. Britain's big energy suppliers are coming under mounting pressure from consumer…
Gazprom & Spain’s Enagas Consider LNG Export Opportunities
The two energy providers discussed the possibilities of co-operation in supplying liquefied natural gas (LNG) particularly from the Baltic LNG project to the European and Latin American markets, during a recent meeting at Gazprom HQ. Russia's Gazprom inform that the meeting between Alexey Miller…
