Search results for: cost-reduction

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A list of search results

  • 18 June 2015

    A half-day conference at London’s Excel is set to investigate lessons and opportunities for cost reduction from three highly relevant sectors that will play vital roles in the industry’s future growth – manufacturing, digital and satellite applications. Organised by ORE Catapult in collaboration with the HVM, Digital and Satellite Applications Catapults, the conference will be held […]

  • 20 September 2018

    In the North Sea alone, more than 400 fields are expected to cease production by 2026 at an estimated cost of USD 56 billion.

  • 14 December 2016
    Project & Tenders, Research & Development

    Following the announcement of the Borssele III and IV tender result, Dutch energy research institute ECN said that R&D and innovation play an important role in current trend towards lower cost of offshore wind power. After the price achieved at the previous tender earlier this year, won by DONG Energy, the winner at the latest Borssele tender, a […]

  • 8 July 2016
    Authorities & Government, Business & Finance, Research & Development, Technology

    A new funding of GBP 57.5 million was announced for the UK’s energy and infrastructure, biomedical and quantum technology sectors, with GBP 28 million set aside for innovation in infrastructure systems and first of a kind deployment of innovation, both including offshore wind projects.  A series of competitions will open over the next 2 weeks and be run […]

  • 4 April 2016
    Research & Development

    Gavin & Doherty Geosolutions (GDG) reported it has been able to offer up to 25% savings to developers and contractors by reducing the size of offshore foundations. GDG has been developing in-house optimization procedures for monopile engineering for four years and, in recent projects, it reached significant savings on the steel weights, which translates to a […]

  • 24 January 2017
    Authorities & Government, Business & Finance, Human Capital, Operations & Maintenance, Research & Development, Storage, Technology

    The cost of energy from offshore wind has fallen by 32% since 2012 and is now below the joint UK government and industry target of GBP 100 per megawatt hour (MWh) four years ahead of schedule, according to a report delivered by the Offshore Renewable Energy (ORE) Catapult on behalf of the Offshore Wind Programme […]

  • 24 January 2017
    Authorities & Government, Business & Finance, Human Capital, Operations & Maintenance, Research & Development, Storage, Technology

    The cost of energy from offshore wind has fallen by 32% since 2012 and is now below the joint UK government and industry target of GBP 100 per megawatt hour (MWh) four years ahead of schedule, according to a report delivered by the Offshore Renewable Energy (ORE) Catapult on behalf of the Offshore Wind Programme […]

  • 9 August 2013

    Offshore wind farms are built in areas where it has been determined, by monitoring with met masts and floating met buoys, that there is enough of the turbine ‘fuel’ under normal circumstances. It is not just the remote location and water depth that determines that you will not find any offshore wind farms in the […]

  • 7 July 2014
    Business & Finance

    According to the latest announcement from Royal BAM Group, the company is  expecting project losses totaling approximately €75 million. The main reasons for the losses are: Deterioration of a large civil engineering project in Germany which is one of the handful of lossmaking projects reported last year. The problems are due to adverse ground conditions; […]

  • 15 August 2018

    The low oil price has driven cost-reducing innovations and new forms of collaboration in various stages of the oil & gas life cycles.

  • 11 November 2014
    Business & Finance

    Lessons learned over the past decade as the UK offshore wind industry has expanded – from around 50 turbines in 2004 to 1,183 turbines today – have not yet contributed to a commensurate reduction in the cost of discharging consent conditions, highlighting that economies of scale have not been achieved as expected, and emphasizing the […]

  • 12 November 2015
    Project & Tenders

    Premier Oil, an independent exploration and production company, has curtailed its capital expenditure program in order to soften the blow of the low oil price environment.  Development capital expenditure for the full year 2015 is now expected to be around $850 million, lower than previous guidance of $900 million as certain costs are phased into 2016, […]

  • 23 May 2019
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    The €20-million flagship EU tidal energy project, Enabling Future Arrays in Tidal (EnFAIT), has reduced the cost of tidal energy by 15 per cent and grown its supply chain from four to 14 EU countries. EnFAIT is an academic-industry collaboration between nine European partners focused on demonstrating the economic viability of tidal power. The project […]

  • 9 September 2013

    More than 150 senior level wind industry executives – already comprised of 25 Utilities and 80 installation specialists – have begun to engage with one another in preparation for their arrival at Hamburg’s Royal Meridien for the 5th Annual Offshore Wind Construction, Installation and Commissioning Conference (October 14-15, 2013). With a global delegation, attendees are […]

  • 9 February 2016

    The opening day of Oceanology International 2016 will see a conference session exploring some of the steps being taken to achieve cost reduction in marine renewable energy. Co-chairs of the day-long session, Nick Murphy, SeaRoc’s Head of Operations, and Tony Hodgson, Fugro’s Global Business Development Manager – Renewable Energy, said: “We will start by exploring some of the […]

  • 2 February 2017
    Business & Finance, Research & Development, Technology

    Pablo Ruiz-Minguela, Head of Wave Energy for Tecnalia, explains the RECODE project which through international collaboration aims to cut ocean energy costs.

  • 30 April 2020
    Business & Finance

    A comprehensive cost reduction programme is being developed and will be announced in the second quarter.

  • 14 June 2012

    Scottish Renewables has welcomed a new report which confirms the cost of offshore wind can be cut by 30 per cent to £100 per megawatt hour by 2020. Niall Stuart, Chief Executive of Scottish Renewables, said: “The Offshore Wind Cost Cutting Task Force has presented a clear case that offshore wind can become increasingly competitive […]

  • 9 September 2013

    More than 150 senior level wind industry executives – already comprised of 25 Utilities and 80 installation specialists – have begun to engage with one another in preparation for their arrival at Hamburg’s Royal Meridien for the 5th Annual Offshore Wind Construction, Installation and Commissioning Conference (October 14-15, 2013). With a global delegation, attendees are […]

  • 6 June 2017

      By DNV GL Cost efficiency may continue to top oil and gas industry boardroom agendas this year, but sustainability initiatives will not be a target for making cuts, a study by DNV GL has revealed. In such a cost-driven environment, it is encouraging to find that just three per cent of the 723 senior oil […]

  • 1 October 2015

    A lack of effective supply chain collaboration means companies are missing out on maximising the potential value from the UK Continental Shelf (UKCS), Deloitte has found in its survey of oil and gas operators and oilfield services companies. According to Deloitte, a global consulting agency, 74% of respondents said collaboration was an integral part of […]

  • 24 January 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Wave Energy Scotland (WES) has awarded two contracts to study the opportunities for step-change cost reductions resulting from the improvements in supporting infrastructure for wave energy converters.