Kistos increases gas storage facility working capacity by 24%
North Sea operator Kistos (LON:KIST) has increased the working gas capacity at its newly acquired Hill Top Farm site by 24% following a trial.
North Sea operator Kistos (LON:KIST) has increased the working gas capacity at its newly acquired Hill Top Farm site by 24% following a trial.
Kistos (LSE: KIST) has acquired a 100% stake in EDF Energy's gas storage company, resulting in the firm picking up two UK storage sites.
“Each time we think we have certainty, someone moves the goalposts and that's not helpful.”
Independent North Sea operator Kistos (AIM:KIST) has agreed to purchase two onshore gas storage sites from EDF Energy for £25 million.
The UK government will launch a consultation with industry on future gas supply and storage requirements as production from the North Sea declines.
Europe’s natural gas reserves are almost full, though that still may not be enough to see the region through winter.
Centrica said it "stands ready" to spend £2bn to create the "largest long duration low-carbon energy storage facility in the world".
Centrica has said it could keep its Rough gas storage field running for 40 more years through fresh investment.
Last year, as Russian natural gas supplies to Europe dwindled, buyers on the continent hoarded gas at record prices and injected it into storage in preparation for a grim winter.
European oil and gas shortages could be on course to worsen next year when sanctions against Russia properly manifest themselves.
Centrica (LON:CNA) has confirmed the reopening of the Rough gas storage facility, boosting the UK’s storage capacity by half ahead of an uncertain winter.
Centrica (LON: CNA) has been given the go-ahead by the industry regulator to reopen the Rough gas storage site off the coast of England.
European natural gas prices plunged the most since March after Germany said its gas stores are filling up faster than planned.
Centrica is aiming to start filling up the Rough gas storage facility in "little more than a fortnight".
Centrica has submitted an application to reopen Rough, Britain’s largest gas storage facility, as the country seeks solutions to a harsh winter ahead.
Rough, the UK’s largest gas storage site which controversially closed in 2017, is to “reopen within months” according to a report.
With a new energy supply strategy for the UK set to be unveiled shortly, Aberdeen University’s John Underhill says gas storage and ‘joined up’ thinking should be prioritised.
MPs have been told that offering new oil and gas licences in the UK North Sea “is not a reasonable response” to the price crisis being triggered by the invasion of Ukraine.
The madness in Ukraine has dramatically fast-forwarded issues that were already in the making. Soaring energy prices, over-reliance on imported gas, storage which is essential to facilitate the growth of renewables … the list goes on and on.
Far from having an energy production, supply and distribution machine that is robust and flexible as claimed, the UK’s is in a mess.
A marine licence has been granted to Harland and Wolff for a new gas storage licence in the UK.
Harland & Wolff has been given the green light to push ahead with a “vital” gas storage project that could help to ensure security of supply in the UK.
SSE has been condemned by the safety watchdog over the potential for a “jet fire” to occur at a gas storage facility.
"There is no organisation in the world like The Crown Estate", according to its own website. And who could disagree?
Weatherford is marking 10 years of expanded sand screens manufacture with a significant further expansion of dedicated manufacturing facilities in Europe.