May 17, 2020

Petrobras monitors BP oil spill in Gulf

petrobras-monitors-bp-oil-spill-gulf
Admin
2 min
Petrobras monitors BP oil spill in Gulf


Petrobras, the federal oil company for Brazil, has continued its monitoring of the BP oil spill that occurred in the Gulf of Mexico.

According to...

Petrobras, the federal oil company for Brazil, has continued its monitoring of the BP oil spill that occurred in the Gulf of Mexico.

According to a press conference involving investors and analysts, a company official recently announced that it is still too early to evaluate the consequences of the large oil spill and truly understand what happened.

News reports
have stated that the oil spill may have an effect to Petrobras’ plans to develop a massive amount of pre-salt reserves. The official for Petrobras announced that Petrobras is using its best knowledge, technologies and practices to monitor the spill, and will continue to work with the best companies in the world to keep its plans rolling.

There is concern that the BP spill could renew political and environmental opposition to offshore drilling.

However, the Petrobras official announced that the Brazilian oil company will not consider any changes to its future plans, and will continue to follow API’s standards and practices. The official also added that the oil company will have to wait to see what the next step in the BP oil cleanup is before understanding what will happen with Petrobras’ future.

ANP, Brazil’s hydrocarbons regulator had stated early in the year that it would also send an envoy to the United States to help monitor the BP spill.

In a recent release to E&P companies, Brazil’s ANP requested that all operators and consortiums revise their emergency plans, and then submit a report on the new emergency plans to the regulator. In addition, ANP requested information about how offshore well control systems are being used.



 

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Apr 16, 2021

Hydrostor receives $4m funding for A-CAES facility in Canada

energystorage
Canada
Netzero
Dominic Ellis
2 min
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction...

Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.

The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction. 

The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.

The project has support from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada.

Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.

The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”

A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth. 

Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."

The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.

Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019. 

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