The UK's National Grid gas deficit warning has been withdrawn
The UK energy network operator, the National Grid, issued a warning on 1 March referring to gas supplies running out due to high demand.
This was due to uncommon sub-zero temperatures in the UK recently, driving up consumption and impacting the National Grid’s demand – hitting the highest for six years.
The National Grid warned of reducing supplies to power generation and big industry in order to control the situation, but the first deficit warning issued in eight years has been retracted following an increase in gas supplies.
“The market has continued to respond over the last 24 hours and we have seen an increase of supplies into the network,” stated a National Grid spokesperson, the BBC reported.
“As the extremely cold weather continues we expect to see high demand on the gas network, so we are continuing to monitor developments closely.”
“Protecting customer supplies is always our first priority and we would like to reassure them that this high demand has not affected their domestic gas supplies”.
During the warning, Peter Bance, the CEO of Origami Energy reported: “We need to protect consumers in their homes first, so you start by turning down gas fired power stations and ensuring that large users of gas turn down their use.”
“The UK needs to look at this from both regulatory and economic viewpoints, to make sure the consumer doesn’t get hit.”
“There will be an impact on business but there are a number of tools to fix this in the long term. You can price consumption in a way which encourages people to change the way they use energy, without impacting business operations when these supply shocks come. That means being proactive not reactive.
“What National Grid is seeing is a system impact. We are going green as a country, using cleaner fuels and renewables. Our move away from traditional power stations means that we have less flexibility to control our energy systems. The long-term direction of travel is to use cleaner fossil fuel and more renewables, but to enable this, you need flexibility.
Global Offshore rebrands Enelift and invests in global hubs
Global Offshore has rebranded Enelift and will invest "a seven-figure sum" in establishing new support hubs in Houston, Dubai, Singapore, Perth and the Caspian during the next six months.
The investment will cover oil, gas and renewables, mainly concentrating on manufacturing capability with associated R&D, as well as in stock held in the hubs.
The company’s flagship Hinge Lok technology provides aluminium, non-welded light weight transportation cradle for casing and tubing. Enelift now plans to enhance its offering by augmenting its existing solutions with robotics and remote operational and training technology, which will reduce manpower for handling offshore equipment that is transported and stored using the Hinge Lok system.
Enelift is partnering with "a Japanese robotics company" and the technology will be trialed with "a Norwegian operator on a Norwegian drilling rig", according to a statement.
Operating from its bases in Aberdeen, UK and Esbjerg, Enelift was founded by 35-year industry veteran and Managing Director Paul Brebner 10 years ago to offer the offshore energy industries safe, reliable and efficient storage and transportation of equipment.
The expansion plans are bolstered by the appointment of Jim Clark of the Craigendarroch Group to Chairman, and Adam Maitland to Non-Executive Director. Maitland is the Managing Director of Hutcheon Mearns IF, and brings his wealth of expertise in the field of corporate finance.
Brebner said Enelift may be a new name in the market, but the experience it brings is "industry renowned".
"Our solutions are underpinned by safety that enables inefficiencies and their associated costs to be eradicated – meaning operational personnel can focus doing what they do best, safely. We remain committed to providing the safest storage and transportation solutions for equipment in the sector as we grow our global operations," he said.
Clark said the market is changing and its solutions fully support customers’ economic and safety aspirations.
"We are very well placed to take full advantage of increasing opportunities in the Middle East, Africa, Far East and Americas. Safety is our absolute commitment to our customers and our support hubs will facilitate this. Aligning our identity to our entire offering ensures that we will drive our expansion through new products and global support sites across the rest of this year."