• 35 mins Higher Oil Prices Reduce North American Oil Bankruptcies
  • 3 hours Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 4 hours $1.6 Billion Canadian-US Hydropower Project Approved
  • 6 hours Venezuela Officially In Default
  • 8 hours Iran Prepares To Export LNG To Boost Trade Relations
  • 10 hours Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 16 hours Saudi Oil Minister: Markets Will Not Rebalance By March
  • 21 hours Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 1 day Rosneft Announces Completion Of World’s Longest Well
  • 1 day Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 1 day Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 1 day Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 1 day Santos Admits It Rejected $7.2B Takeover Bid
  • 2 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 2 days Africa’s Richest Woman Fired From Sonangol
  • 2 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 2 days Russian Hackers Target British Energy Industry
  • 2 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 2 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 2 days Lower Oil Prices Benefit European Refiners
  • 2 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 3 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 3 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 3 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 3 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 3 days OPEC To Recruit New Members To Fight Market Imbalance
  • 3 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 4 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 4 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 4 days GE Considers Selling Baker Hughes Assets
  • 4 days Eni To Address Barents Sea Regulatory Breaches By Dec 11
  • 4 days Saudi Aramco To Invest $300 Billion In Upstream Projects
  • 4 days Aramco To List Shares In Hong Kong ‘For Sure’
  • 4 days BP CEO Sees Venezuela As Oil’s Wildcard
  • 4 days Iran Denies Involvement In Bahrain Oil Pipeline Blast
  • 7 days The Oil Rig Drilling 10 Miles Under The Sea
  • 7 days Baghdad Agrees To Ship Kirkuk Oil To Iran
  • 7 days Another Group Joins Niger Delta Avengers’ Ceasefire Boycott
  • 7 days Italy Looks To Phase Out Coal-Fired Electricity By 2025
  • 7 days Kenya Set To Give Local Communities Greater Share Of Oil Revenues
Can Russia Break Its Oil Dependence?

Can Russia Break Its Oil Dependence?

Russia’s economic growth is struggling,…

Don’t Back U.S. Shale To Keep Oil Prices Down

Don’t Back U.S. Shale To Keep Oil Prices Down

The common assumption that U.S.…

Scotland Is Building The World’s Largest Tidal Array

Scotland Is Building The World’s Largest Tidal Array

Scotland is building what it calls the world’s biggest tidal array in the Pentland Firth in northern Scotland, the country’s government announced last week.

Once built, the tidal array is projected to provide enough electricity to power 175,000 homes, and will also create up to 100 jobs. Construction is slated to begin later this year, and the first phase will install four 1.5-megawatt turbines that will start supplying power to the grid in 2016. Overall, the project will involve installing up to 269 turbines on the seafloor, which will capture the energy of ocean tides.

“This innovative and exciting project puts Scotland and the U.K. on the map as a global leader in marine technology – meaning jobs, better energy security and the potential to export this technology to the world,” U.K. Energy Secretary Ed Davey said in a statement. “The project also shows what can be done when the U.K. and Scottish Governments work together to provide a lasting benefit for the people of Scotland.”

The U.K. is hoping to replace a fifth of its aging coal and gas plants with renewable energy by 2020. According to the government, the U.K. has about 50 percent of Europe’s energy tidal energy resources, and if developed fully, wave and tidal stream energy could meet 20 percent of the U.K.’s demand for power. Already, Scotland is home to the world’s first commercial wave power generator, and the government estimates that marine-based renewable energy like tidal arrays could one day power 750,000 homes in Scotland.

“We’re already leading the world in terms of research and development facilities for the tidal sector, and have more tidal devices being tested in our waters than anywhere else in the world,” Lena Wilson, chief executive of economic agency Scottish Enterprise said. “The plans for the Pentland Firth are further evidence of Scotland’s position as one of the key players in the fast growing renewables sector at a global level.”

Scotland isn’t the only country working to harness tidal and wave energy, however. Earlier this month, Wales unveiled a 156-ton tidal power generator which will generator will provide 400 kilowatts of energy to the grid. The company that built the generator, which has been dubbed the ‘Spirit of the Sea,’ wants to build nine more generators, a project that the company hopes will ultimately generate 10 megawatts of power — enough to power about 10,000 homes.

By. Katie Valentine of Climate Progress



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News