Faroe Islands: Minesto Installs Foundation for Tidal Kite System
Tidal energy developer Minesto has completed the first offshore installation phase of its tidal energy project in the Faroe Islands, as the gravity-based foundation for the powerplant has been installed at the site in Vestmannasund.David Collier, COO at Minesto said: “We are very pleased to have the first sub-sea hardware in place. The operations team has managed to safely progress the offshore installation campaign, adapting the plan to overcome both unfavorable weather conditions and logistical challenges related to the ongoing pandemic”…
Minesto Gets OK for Tidal Kite Installation in Faroe Islands
Marine energy developer Minesto has said it been granted all necessary permits and consents for the installation of two grid-connected tidal kite systems in Vestmannasund, Faroe Islands.The granted permits and consents cover two DG100 tidal kite systems which will be installed in Vestmannasund in a collaboration between Minesto and the Faroese electric utility company SEV. Minesto has been granted public funding totaling approx. €3.5 million through the EU's EIC Accelerator and the Swedish Energy Agency for the implementation…
Faroe Islands Looks to Restart Hunt for Oil and Gas
Oil companies are interested in restarting the hunt for oil and gas in the scarcely explored seas off the Faroe Islands neighbouring the more mature UK North Sea, the head of the Faroese Geological Survey said. No economically viable discoveries have been made on the Faroese shelf but the tiny nation hopes to entice energy firms to restart exploration as it shows them new geological data in London on Wednesday. "Oil firms have in many ways shown interest. We are having meetings, they buy data from us, visit us on the Faroe Islands ... So there is an interest and they are looking at the possibilities," survey director Niels Christian Nolsoe said.
Hurricane Energy Offshore Shetland Drill Hits the Spot
Oil and gas explorer Hurricane Energy has successfully produced oil from its Lancaster well west of Shetland, a remote area between Scotland and the Faroe Islands holding a fifth of Britain's untapped oil and gas resources. Hurricane, which listed on London's Alternative Investment Market (AIM) in February, said on Thursday production tests using a pump achieved a flow rate of 9,800 barrels of oil per day, well above expectations. "I am delighted to report the successful completion of our testing operations which have achieved hydrocarbon flow rates in the upper range of our pre-drill estimates," said chief executive Robert Trice in a statement.
Oil-Rich Shetland Elbows into Scotland's Independence Vote
Twelve hours by ferry from the Scottish mainland, hundreds of miles from Edinburgh and closer to Oslo than London, the windswept Shetland islands have their own aspirations about Scottish independence. Some of the 23,000 inhabitants even want their own. Many Shetlanders see the Sept. 18 vote on whether Scotland should end the 307-year-old union with England as an opportunity to gain control over local services and a share of revenues from the oil pumped from the North Sea. "The oil belongs to us. We don't have to argue about that.
