Space Industry and Business News  
OIL AND GAS
Aker BP envisions zero-emission production offshore
by Daniel J. Graeber
Washington (UPI) May 7, 2018

Working alongside Norwegian major Statoil, a northern North Sea field complex will be the first to produce oil and gas with zero emissions, Aker BP said.

Statoil and Aker BP are driving development at the so-called NOAKA project, which consists of the North of Alvheim area and the Askaja/Krafla area fields. In its quarterly statement, Aker BP said the project is a "field of the future," with 100 percent of the energy for the complex coming from onshore electricity and offshore wind.

"Aker BP's ambition is to make NOAKA the first energy-positive field development on the Norwegian continental shelf," the company's quarterly presentation read.

A selection of the project design for NOAKA was delayed beyond the first quarter so the partnership could develop what they considered a more ambitious plan, but still potentially in line for this year. The area holds gross resources of more than 500 million barrels of oil equivalent.

The plan follows an emerging trend on the Norwegian shelf. Statoil, which is co-owned by the Norwegian government, has said the winners in the global energy sector will be the companies that embrace both low-carbon and low-cost opportunities.

In its annual sustainability report, Statoil highlighted plans to invest around 25 percent of its research funds in new energy and energy efficiency in the next two years. Taking "oil" out of its name, the company is considering a name change to Equinor.

Aker BP reported first quarter net income of $890 million, up 37 percent from the fourth quarter. Total first quarter production was 158.6 million boe per day, at the higher end of its guidance for the quarter.

Aker BP is part of the consortium developing the Johan Sverdrup field, where production could top out at 660,000 barrels per day by 2022.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
A potentially cheap, efficient and eco-friendly system for purifying natural gas
Washington DC (SPX) May 04, 2018
Fundamental researchers at the Colorado School of Mines have proposed a novel two-part system for separating impurities from natural gas in the Journal of Renewable and Sustainable Energy, from AIP Publishing. Natural gas primarily contains methane, but impurities in the gaseous mixture need to be removed before the methane can be put into the pipeline. The newly proposed purification system combines two separation methods and, in principle, promises to improve performance, reduce costs and diminish eco ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Design for magnetoelectric device may improve your memory

This is not a game: NIST virtual reality aims to win for public safety

Research team engineers a better plastic-degrading enzyme

New research modernizes rammed earth construction

OIL AND GAS
Silent Sentry: Protecting Space Communications

Harris tapped for counter communication systems

Russia Launches Heavy Rocket with Military Satellite

India Struggling to Establish Lost Link With Crucial Communication Satellite

OIL AND GAS
OIL AND GAS
US judge orders GPS monitoring for house-bound Cosby

GPS sensor web helps forecasters warn of monsoon flash floods

Open Geospatial Consortium announces the European Space Agency's upgrade to Strategic Membership

Chinese willing to support Beidou navigation system

OIL AND GAS
Navy taps Boeing to support Poseidon for Australian air force

Pentagon shells out $1.4B for services on F-35 air systems

Nine aboard US military plane destroyed in fiery crash

Boeing awarded contract to provide Korea with Apache helicopters

OIL AND GAS
Laser frequency combs may be the future of Wi-Fi

Cheaper and easier way found to make plastic semiconductors

Water-repellent surfaces can efficiently boil water, keep electronics cool

Valleytronics discovery could extend limits of Moore's Law

OIL AND GAS
Moon holds key to improving satellite views of Earth

Twin spacecraft to weigh in on Earth's changing water

Earth's magnetic field is not about to reverse

China launches Zhuhai-1 remote sensing satellites

OIL AND GAS
Mongolians sip 'oxygen cocktails' to cope with smog

Scientists: Impact of discarded munitions on ocean ecosystems unclear

India's top court slams govt over Taj Mahal decay

Nine out of 10 people breathing polluted air: WHO









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.