Source: Offshore Magazine – September 2019 ‘Stranded offshore gas fields are what they are because of the challenges involved in bringing the resource to market. Shell and Petronas have had some success with floating LNG on mid-size fields off Australia and Malaysia. But other FLNG projects have collapsed after hitting financial and regulatory roadblocks. MFDevCo…
Category: Energy Transition
A discussion on gas-to-wire equipment and risk
In this interview MFDevCo’s Developments Manager, Mick Hibbert, and Technical Manager, Peter-Giles Robinson, discuss how gas-to-wire solutions use existing infrastructure and standard equipment to reduce cost and risk. The oil and gas industry has a reputation for being relatively risk-averse, would you agree? MH: Exploring and operating offshore requires significant investment, operators and investors need…
OGA Podcast – The Energy Transition
I have listened to the Oil and Gas Authority’s podcast, titled “The Energy Transition”, released on the 4th July 2019 and I highly recommend giving it a listen. While I’m not able to summarise it fully, I’d like to describe a few points I think are especially important. The discussion begins by trying to define…
Financing gas-to-wire
On this forum we’ve talked about why gas-to-wire (GTW) projects are technically viable and desirable from regulators. In this post we discuss why GTW is financially attractive for investors. The following conversation recorded in Manchester, Einar Antonsen (former partner at Fearnley Securities and currently Non-Executive Director of MFDevCo) and Damian Minty (CFO – Nu-Oil and…
‘cleaner2greener’ path to a lower carbon future
There are clear calls for and a push towards a cleaner energy future, but it is also generally acknowledged that the huge and growing demand for electricity in the UK cannot yet be reliably delivered by renewable energy sources alone. Therefore, a transition period is necessary, during which it makes sense to maximise the use of gas, the cleanest fossil fuel, while further work is undertaken on the development of cost-effective renewable generation and storage technologies.
UK commits to zero carbon emissions by 2050
On Wednesday the UK government announced its ambition to eradicate the country’s contribution to global warming entirely by 2050. The statutory instrument laid before parliament introduces a legally binding net zero target for carbon emissions by the middle of this century. The UK becomes the first country in the G7 to legislate for net zero emissions and encouraged other major economies to follow their lead.
Welcome
This site is dedicated to the discussion of gas to wire, as a catalyst towards carbon neutral energy generation that also delivers immediate benefits for operators, regulators, governments and society.
This forum has been created and is managed by Marginal Field Development Company (MFDevCo). You can read more at www.mfdevco.com.
SNS ‘well placed’ to help energy transition
As demonstrated by the UK Oil and Gas Authority’s Corporate Plan, regulators recognise the potential role that gas to wire can play in meeting the increasing demand for electricity and helping to transition to a cleaner energy future. Launching Oil and Gas UK’s new “Our Vision, Our Future” campaign at the East of England Energy Group’s (EEEGR) SNS2019 conference…
How Gas to Wire addresses security of supply
With nuclear projects on the news at the moment, I’d like to provide a quick perspective on security of supply. Nuclear projects are getting cancelled due to escalating development and construction costs: Moorside (Sellafield in Cumbria) is on hold due to Toshiba’s nuclear exit yielding a deficit of 3.8GWe to the UK’s security of electricity…
EU ETS – Will high carbon prices last?
The price of EU Allowance credits (EUAs) increased rapidly in 2018. A lot of credits were put in the bank, but not only because they were needed by emitters. The main reasons for the rise were anticipation of the Market Stability Reserve (MSR), front running hedging by emitters, limited fuel switching and the entry into…
Gas to become fuel of the future
The role of gas in the future energy mix was the focus on Thursday at CERAweek in Houston, where leaders have been discussing the fuel of the future and the complementary nature of gas and renewables as energy sources.