Subscribe free to our newsletters via your
. Energy News .

Shell report shows decreasing role for oil
by Staff Writers
Washington (UPI) Mar 1, 2013

Second leak at North Sea oil platform forces evacuation
London (AFP) March 02, 2013 - An oil leak at a North Sea platform caused it to be partially evacuated on Saturday, its Middle East operator said, the second such incident at the installation in less than two months.

The Alpha Cormorant platform and the pipeline system it services were shut down as a precaution, operator Abu Dhabi National Energy Company (TAQA) said in a statement.

The company said it had evacuated 71 of its 145 non-essential staff from the platform, situated 160 kilometres (100 miles) northeast of Lerwick on the Shetland Islands north of Britain, and that everyone was safe and well.

"TAQA Bratani can confirm that a hydrocarbon release detected in one of the Cormorant Alpha platform legs has now been contained, with no further hydrocarbon release," the company said.

"TAQA continues to monitor the situation on Cormorant Alpha and is working with its partners to have the Brent pipeline system operational as soon as possible."

The leak was discovered during maintenance work at 0940 GMT on Saturday morning, TAQA said.

The company said no oil was released into the environment during the leak.

A similar leak occurred at the platform on January 15, also causing the shutdown of the platform and the pipeline infrastructure.

Cormorant Alpha, which was built in 1978, handles about 90,000 barrels per day of crude oil, of which 42,600 are produced by TAQA.

U.S. oil giant Shell in a new report said solar could eclipse oil to become the dominant energy source by 2060.

As part of its "New Lens Scenarios" forecast, Shell predicts that in the meantime, natural gas in 2030 "becomes the largest global primary energy source, ending a 70-year reign for oil."

In the forecast, Shell contrasts what it calls a "mountains" scenario, characterized by a stable, rigid, low growth with "oceans," a more dynamic global economy.

Speaking at the Center for Strategic and International Studies in Washington, Thursday Peter Voser, chief executive officer of Shell, said both scenarios highlight "the need for business and government to find ways to collaborate, fostering policies that promote the development and use of cleaner energy and improve energy efficiency."

The release of the report follows Shell's announcement Wednesday that it would pause its arctic drilling program this summer.

Voser said Shell considers its U.S. arctic pursuit "a multiyear exploration program," with development potential in the second half of the next decade. Under such timelines, he said "we will take the time to do this right, in order to be the responsible operator in a multiyear exploration program."

In an apparent reference to its arctic drilling experience, Shell says in the report, "In the oil world, moderate prices put pressure on technically difficult and expensive frontier projects more common outside OPEC."

Under both scenarios, Shell predicts global emissions of carbon dioxide to drop to near zero by 2100.

In an interview with Canada's Financial Post, Jeremy Bentham, head of Shell's scenario team, indicated that the company expects the environmental movement to exert more influence in an ever-increasing connected world.

Last summer, Greenpeace conducted an online hoax to draw attention to Shell's push to drill in the U.S. arctic.

"Communications connectivity provides platforms for more voices and that can be used in a constructive or a destructive way," said Bentham. "Clearly, we would want to see it used in a constructive way -- these voices are important. But more voices mean more opportunities for opposition, but also herd-like opposition."

Bentham maintains that the age of oil "is not over." Yet in the scenario of slow growth, oil is likely to lose out to both coal and natural gas, particularly amid sluggish energy prices.

That, in turn, would lead to great advances in carbon capture and storage.

Bentham predicts OPEC countries to lose their influence in the medium term as non-OECD growth increases.

"However, if you look over time, given the wealth of resources in the major resource holders in OPEC, then you will see that the proportion of production that comes from OPEC will begin to grow again. But clearly, there are more challenges for OPEC in both scenarios."


Related Links
Powering The World in the 21st Century at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Iran's oil output faces long-term decline
Abi Dhabi, United Arab Emirates (UPI) Feb 28, 2013
Sanctions-battered Iran's oil production has fallen to its lowest level in 23 years and Tehran plans to reduce the proportion of oil revenues in the next budget, international energy monitors say. But analysts say that even if U.S. and EU sanctions, imposed in 2010 over Iran's refusal to abandon key elements of nuclear program, were lifted in the coming weeks Iranian oil output already ... read more

Ireland launches energy efficiency fund

Obama names, top energy, environment and budget officials

US Geothermal Industry Sees Continued Steady Growth in 2012

S.Africa to introduce carbon tax from 2015

Shell report shows decreasing role for oil

Unlocking fuel cell conductivity

Browse LNG to be processed onshore?

Russia's Rusal posts $55 mn net loss in 2012

Scientists have overestimated capacity of wind farms to generate power

Rethinking wind power

Global wind energy capacity grows 19 percent in 2012

Finding the right space for offshore wind turbines

Ivanpah Project Reaches "First Flux" Milestone


SunPower To Partner With New Santa Clara Stadium

Czech Company Plans to Invest EUR 400 Mln Into Solar Plants in Ukraine

Westinghouse Nuclear Team Sign MoU With Local Czech Engineering Firms

Slovenia's only nuke plant back on line

Namibias Roessing uranium mine to slash jobs

US teen designs compact nuclear reactor

Estimates reduce amount of additional land available for biofuel production

'Fat worms' inch scientists toward better biofuel production

The impact of algae parasite on algae biofuel output

Engineering cells for more efficient biofuel production

Welcome Aboard Shenzhou 10

Reshuffle for Tiangong

China to launch 20 spacecrafts in 2013

Mr Xi in Space

Scientist play down 'tipping point' theory

Australian climate on 'steroids' after hottest summer

In prehistory, CO2 and warming went in lock-step

Geoengineering by coalition

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement