Friday, May 9, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Mocean and Aker Solutions aim for wave-powered oil and gas

Simon Osuji by Simon Osuji
August 24, 2023
in Energy
0
Mocean and Aker Solutions aim for wave-powered oil and gas
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Aker Solutions and Mocean have signed an agreement which could see UK oil and gas fields powered by wave energy within two years.

The pair are working on a solution to unlock small North Sea tiebacks via wave energy, replacing the need for high-cost umbilical cables.

That could mean economically extending the life of the UK’s large, ageing production hubs in the North Sea.

“If our pilot project proves feasible, this solution will benefit mature regions such as UKCS and NCS (the UK and Norwegian continental shelves),” said Morten Pederson, SVP of Systems and Products at Aker Solutions.

This will enable operators “to maximise economic extraction from declining brownfields and reduce the need for new oil and gas development, a vital step in the transition to net zero”.

He said the technology would have a lower lifetime cost than new cables, and have a benefit for the industry globally.

Pttep Scottish wave power © Supplied by Mocean Energy
Mocean Energy’s Blue X prototype at EMEC in Orkney.

Mocean is Edinburgh headquartered with a demonstrator project, Blue X, stationed off Orkney.

The two companies will take on feasibility, front end engineering and design (FEED) and concept studies for wave-powered tiebacks.

These will aim the most economically and environmentally efficient solutions for these reserves, especially in tandem with energy storage tech.

Mocean is already a participant in a collaborative industry initiative — Renewables for Subsea Power — which is currently proving the concept of powering subsea equipment with wave power and intelligent subsea energy storage.

The £2m initiative, which is currently operational in Orkney, has connected Mocean Energy’s Blue X wave energy converter with a Halo underwater battery developed by Aberdeen intelligent energy management specialists, Verlume.

Cameron McNatt, Managing Director of Mocean Energy said: “We are delighted to be working with Aker Solutions, a recognised industry leader in subsea technology and decarbonization.

“Our collaboration will provide customers with a complete solution to their power and communications needs that is reliable and low carbon.”

The partners will target the development of at least one concept study into a pilot project at sea, through various routes, including multi-customer joint industry projects.

Aker Solutions will supply the complete ocean-power system — including overall subsea system integration, system engineering support and subsea equipment plans.

Mocean Energy will supply the wave energy technology, wave-energy specific project engineering and energy analysis for remote power delivery.

Recommended for you

SLB Subsea7 Aker Solutions

Aker Solutions, SLB, Subsea7 JV clears all regulatory hurdles



Source link

Related posts

Nigeria slashes petrol imports from Europe in April

Nigeria slashes petrol imports from Europe in April

May 9, 2025
Nigeria eyes $122 billion investment with approval of new electricity plan

Nigeria eyes $122 billion investment with approval of new electricity plan

May 8, 2025
Previous Post

New gene-editing technique offers path to precision therapies

Next Post

How to Bridge to Polygon?

Next Post
How to Bridge to Polygon?

How to Bridge to Polygon?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Kano vows to judiciously utilise funds appropriated for ecological remediation – EnviroNews

Kano vows to judiciously utilise funds appropriated for ecological remediation – EnviroNews

6 months ago
Tune in for the TechCrunch Early Stage Call for Content AMA

Tune in for the TechCrunch Early Stage Call for Content AMA

1 year ago
Ethiopia receiving MCAV-20 vehicles from Calidus

Ethiopia receiving MCAV-20 vehicles from Calidus

10 months ago
Stocks, bonds decline as Fed knocks risk sentiment: Markets wrap

Stocks, bonds decline as Fed knocks risk sentiment: Markets wrap

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.