Infrastrata et al. might have difficulty in continuing with the project? From Infrastrata’s website it looks like they are expecting more EU funding to complete the project. Anyone know? Or any idea where we can find this info out?
Published on Saturday 14 January 2012
SCIENTIFIC investigations into Larne’s potential for energy storage is being taken a step further by Gaelectric Energy Storage (GES).
Unlike InfraStrata and North East Storage – which hope to excavate underground salt caverns to build up reserves of natural gas – Gaelectric is undertaking exploratory drilling ahead of a proposal to cache compressed air generated by wind turbines at off-peak periods and use it to boost the grid when required.
If all goes to plan, GES would build a facility to convert the compressed air into electricity by heating it using natural gas. The project would also entail a marine pipeline.
Siemens Drilling and Marine, Dresser-Rand and Lloyd’s Register have launched a best-of-industry team to make LNG more widely available to shipowners to use gas as marine fuel to meet tighter curbs on emissions of sulphur and nitrogen oxide.
The team is developing “an end-to-end solution encompassing the entire supply chain, from natural gas procurement to liquefaction and delivery of LNG, to newbuilding or retrofitting” and has pledged to “remove obstacles that can hold back widespread adoption of natural gas as the marine fuel of choice”.
FRANKFURT — The German engineering conglomerate Siemens already makes a range of products for the American energy sector, including gas turbines and equipment for generating electricity from wind.
But in acquiring the Dresser-Rand Group, a Houston-based oil services company, in a $7.6 billion deal announced Sunday night, Siemens signaled an even bigger push into the booming American sector. The deal also demonstrated how much big corporate suitors are willing to pay for companies with a strong market niche.
The price tag was seen as high, especially considering that orders for Dresser-Rand’s oil and gas products and services slumped last year.
But Siemens is betting that, in the long term, Dresser-Rand will strengthen its ability to cash in on unconventional drilling techniques such as hydraulic fracturing, or fracking, that have made the United States what Joe Kaeser, the Siemens chief executive, has called “the place to be for oil and gas.”
Mr. Kaeser acknowledged Monday that “the price is on the high side.” But during a conference call with analysts and journalist he said the investment would pay off in the long term. “It matters more what value is created,” he said.
Mr. Kaeser signaled the shift toward the United States in May when, as part of a larger reorganization, he hired Lisa Davis, an American and former executive at Royal Dutch Shell, to oversee Siemens’s energy-related businesses. Siemens is also moving the headquarters of its energy businesses to the United States.
“They are reinforcing their oil and gas business and focusing more on the U.S. market” Julien Laurent, an oil and gas analyst at Natixis in Paris, said on Monday.
With Siemens’s all-cash bid of $83 a share for Dresser-Rand, Mr. Kaeser outbid his former boss, Peter Löscher, now the chairman of Sulzer, a Swiss maker of pumps and of other equipment for the energy and chemical industries.
Mr. Löscher was forced out as chief executive of Siemens last year after being held responsible for a series of problems that caused the company to miss its profit targets.
A DÁIL Bill which aims to ban the controversial natural gas extraction technique of hydraulic fracturing – commonly known as fracking – in the state has been launched by Sinn Féin TDs Brian Stanley and Martin Kenny.
The extraction process involves pumping thousands of gallons of water mixed with rock-dissolving chemicals into the ground to break up the rock and allow trapped gas to move towards the surface, where it can be extracted.
This island’s first fracking pad – Woodburn Forest, Antrim. Resevoir can be seen in the background. Let’s make this the only fracking pad this island ever sees #ShutDownInfrastrata No Fracking Ulster!
We protested all over Belfast city on monday and visited the camp – the people at the camp were delighted to see us coming – they want people to join them any day, any time – there is space for camping. https://www.facebook.com/britainandirelandfrackfree/photos/…