Info!
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.

Using wave energy to power oil and gas platforms

Lundin Energy and Ocean Harvesting Technologies are collaborating on a new R&D study on how installation of wave energy converters could potentially provide clean, stable and cost-effective electricity to an offshore oil and gas platform. The one-year project will run until February 2022.

Lundin Energy reports that its current carbon intensity per barrel of oil produced is approximately a sixth of the industry world average and it is aiming to be of the first oil and gas companies to achieve carbon neutrality from 2025.

Wave energy is the largest untapped energy source in the world, with global energy content in waves estimated to be up to 30,000 TWh /y – some 10 times the total electricity consumption of the European Union, report the companies.

 

News Item details


Journal title: Petroleum Review

Countries: Norway -

Organisation: Lundin

Subjects: Oil and gas, Wave power, Emissions, Carbon emissions, Decarbonisation

Please login to save this item