May 17, 2020

Pirates Hijack Oil Tanker off Nigerian Coast

energy digital
Nigeria
oil tanker
pirate
Admin
2 min
Piracy on the rise in West Africa
Pirates hijacked an oil tanker and its crew off the coast of Nigeria Tuesday night, the navy and a security company told Reuters. Nigeria's navy r...

 

Pirates hijacked an oil tanker and its crew off the coast of Nigeria Tuesday night, the navy and a security company told Reuters. Nigeria's navy retook the tanker Wednesday, freeing 23 Indian sailors held hostage.

The vessel has arrived safely at Lagos' busy port and no sailors were injured. The pirates fled when they saw the Nigerian naval ship and it is still unclear whether they stole any cargo.

The Singapore owned vessel, Abu Dhabi Star, was seized just 14 nautical miles from the entrance of the Lagos port.

"Reports claim the tanker was laden with fuel and is now sailing into the Gulf of Guinea, which suggests that some or all of its cargo will be offloaded into a waiting vessel and subsequently sold on the region's illegal fuel market," an official told Reuters from the security firm AKE.

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The event adds to an increasing number of pirate attacks off the coast of Nigeria and other oil-rich countries in West Africa, driving up shipping insurance costs. In the last couple years, piracy in the area has escalated from less severe armed robberies to more violent hijackings and cargo thefts.

Experts believe that Nigeria's corrupt law enforcement is to blame for the pirates circulating from within the country. In the southern Niger Delta, it's common for thieves to tap pipelines running through swamps for hundreds of thousands of barrels of oil a day.

A Greek-owned oil tanker seized by pirates last month was also spotted Wednesday off the coast of Nigeria. Some 3,000 tonnes of gas oil, worth about $3 million, was stolen, according to AKE.

 

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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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