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Energy Deficit News

23 Jul 2015

Maritime & Shipbuilding Italian Style

With its coastline of 7,800 km, Italy is expediently nestled in the heart of the Mediterranean Sea with the surrounding waters creating a tremendous resource for Italian economy. Businesses linked to the sea, including ocean technology firms, contribute significantly to Italy’s gross domestic product totaling more than $40 billion and representing 2.6% of total GDP. The Italian shipyard industry ranks among the top 20 in the world with ship building and boat-building accounting for 64% of the industry turnover, totaling 6.3 billion Euro in 2012, and Technological Equipment placed at 2.2 billion Euro. Italy is also a world leader in yacht production with more than 49% of the market share.

31 May 2014

Congo Unveils Tender For Exploitation Of Methane Gas

Democratic Republic of Congo's oil ministry has called for bids to exploit reserves of methane gas at the bottom of Lake Kivu on its eastern border with Rwanda, the prime minister's office said on Friday. The office announced the tender on its twitter account but did not give details. An oil ministry official said the tender process had not yet begun but added that Congo needed the gas to help meet its energy deficit. "It is very important that we exploit this gas, because otherwise it has the potential to explode and cause significant damage to the population," said the ministry official, who requested anonymity. Methane and carbon dioxide collect at the bottom of the lake's icy waters.

07 Jun 2012

FLNG Construction – LR Introduce Rules

'FLNG Prelude' Photo credit Shell

LR say theirs are the first comprehensive Rules for FLNG facilities to be based on a real-world project. At the World Gas Conference 2012 in Kuala Lumpur, LR launched its Rules for Floating Liquefied Natural Gas (FLNG) Platforms, formulated through their extensive work with Shell on its Prelude FLNG project . Upon completion, Prelude will be the largest manmade floating object, measuring 488m long and displacing 600,000 tonnes of water. "The first FLNG facilities will have 75% of the capacity of a conventional LNG liquefaction facility…

01 Sep 1999

Brent Spar Disposal Costs Skyrocket

Shell UK Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. Shell officials reported that instead of resulting in a projected net gain in energy the project had resulted in a net energy deficit. Dismantling costs had increased to 41 million pounds from an original estimate of 21.5 million stg for the rig, which is being converted into a quay at Mekjarvik, near Stavanger. The project took 330,000 man hours to complete and resulted in no injury to personnel. There was also reportedly no sea pollution resulting from the dismantling operation.

03 Sep 1999

Controversial Brent Spar Disposal Costs Soar

Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback seminar marking the effective completion of Brent Spar's conversion into a quay on the Norwegian coast, Shell officials also said that instead of resulting in a projected net gain in energy the project resulted in a net energy deficit. "Throughout the dismantling process we were faced with unexpected technical, safety and environmental challenges which had to be overcome and each one cost time and money," Eric Faulds, Decommissioning Manager for Shell's exploration and production arm Shell Expro said.

24 Sep 1999

Controversial Brent Spar Disposal Coasts Soar

Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback seminar marking the effective completion of Brent Spar's conversion into a quay on the Norwegian coast, Shell officials also said instead of resulting in a projected net gain in energy the project had resulted in a net energy deficit. "Throughout the dismantling process we were faced with unexpected technical, safety and environmental challenges which had to be overcome and each one cost time and money," Eric Faulds, decommissioning manager for Shell's exploration and production arm Shell Expro said.

12 Nov 1999

Controversial Brent Spar Disposal Costs Soar

Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback seminar marking the effective completion of Brent Spar's conversion into a quay on the Norwegian coast, Shell officials also said instead of resulting in a projected net gain in energy the project had resulted in a net energy deficit. "Throughout the dismantling process we were faced with unexpected technical, safety and environmental challenges which had to be overcome and each one cost time and money," Eric Faulds, decommissioning manager for Shell's exploration and production arm Shell Expro said.