Scotland provides £5m for oil and gas decommissioning

10/08/2018 08:43 Energy

news

The Scottish Government is providing an additional £5 million to help the oil and gas supply chain benefit from decommissioning the North Sea infrastructure.

The Decommissioning Challenge Fund (DCF), which supports infrastructure upgrades and innovation in retrieval and transportation methods at ports and harbours, has been re-opened for a third round of funding.

 

It also backs engineering scoping work, feasibility studies and business development at key sites to help attract further private investment.

 

Scottish Energy Minister Paul Wheelhouse said: “We fully recognise that decommissioning is an emerging but growing activity in the North Sea. More than £17 billion is expected to be spent in the North Sea to 2025, with the peak for decommissioning activity in this area predicted to go beyond this.

 

“Scotland’s supply chain is winning the lion’s share of project value in areas like well-plugging and abandonment but there is room to further increase market share in areas such as the salvage and disposal of top-side infrastructure.”

 

The competition is open until 28th September 2018.

Source: energylivenews.com

Senvion seals 250MW India deal

14/08/2018 08:59:00

Senvion has secured a conditional order from Continuum Wind Energy for the supply and commissioning of 108 turbines for the 250MW Bhuj wind project in the Gujaratstate in northwest India.

<READ MORE

Rosatom seeks to boost cooperation in Eurasia

14/08/2018 08:49:00

Rusatom International Network - a subsidiary of Russian state nuclear corporation Rosatom - has signed a memorandum of understanding and cooperation with the Eurasian Development Bank (EDB).

READ MORE

EBRD invests €100M in Bulgarian Energy Holding

14/08/2018 08:43:00

The European Bank for Reconstruction and Development (EBRD) has invested €100 million in a new seven-year €550 million bond issued by Bulgarian Energy Holding (BEH), the state-owned entity that controls the country’s energy assets, including the public suppliers of electricity and gas, the EBRD announced on Monday.

READ MORE