This energy is then used to power the rig’s thrusters.
This important operational and safety enhancement targets a 14% reduction in fuel use during normal operations, leading to a significant reduction in NOx and CO2 emissions.Transocean’s investment is funded in part through fuel saving incentives in its contract with Equinor and by the Norwegian NOx Fund. Transocean chief executive Jeremy Thigpen said: “This first of its kind hybrid power upgrade will further enhance the reliability of our operations, while simultaneously reducing fuel consumption, operating costs and our environmental footprint.
Solar power isn’t just a daytime deal – power from the sun’s rays can be stored in salt and used at night too. A power plant in Spain soaks up sun by day and pumps out 7 hours of power to the surrounding area by night.
“We are pleased and proud to work alongside Equinor to jointly identify and implement more efficient and sustainable technology to deliver high-value wells to the industry.”