Energy News

 

SIMEC Atlantis Energy Plans 'Europe's Largest Tidal Project'

Oct 31, 2018

The developer of tidal energy projects SIMEC Atlantis Energy announced the formation of a joint venture company with Development Agency for Normandy (AD Normandy) for the purpose of developing a large-scale project in Raz Blanchard, Normandie…

First LNG shipment from Ichthys project arrives in Japan

Oct 30, 2018

The first liquefied natural gas (LNG) shipment from the giant Ichthys project in Australia arrived at Inpex's Naoetsu LNG receiving terminal in northern Japan on Wednesday, the Japanese operator of the project said.The LNG vessel Pacific Breeze…

Engie Gets Green Light for Offshore Wind Projects in France

Oct 30, 2018

French energy group Engie said on Tuesday it has received clearance for its grounded 500 MW gigawatt capacity offshore Yeu and Noirmoutier wind projects.Engie said the 2 billion euro ($2.27 billion) projects, which it is developing with renewables company EDPR…

BP Profits Soar to Five-year High

Oct 30, 2018

BP reported on Tuesday that profits had more than doubled in the third quarter, boosted by stronger oil prices that hit a four-year high in the period and as production rose thanks to new fields.BP reported third-quarter underlying replacement cost profit…

US Aims to Be Key Source of Global Energy Supplies

Oct 30, 2018

The United States will become a key source of energy supplies to meet growing demand globally, with innovation in technology and financing set to boost U.S. oil and gas production in the next decade, the country's top energy diplomat said.'In the next 5-10 years…

Senvion, Toshiba Energy Systems Form Wind Energy Alliance

Oct 30, 2018

Toshiba Energy Systems & Solutions Corporation and German wind turbine equipment manufacturer Senvion GmbH announced that they signed a mutually non-exclusive strategic cooperation agreement for the distribution of onshore and offshore wind power generation systems…

Goldsboro LNG Project Eligible for $1.5bln German Loan

Oct 30, 2018

Pieridae Energy announced that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion of untied loan guarantee by the German federal…

Iberdrola Inaugurates Wikinger Offshore Wind Farm

Oct 29, 2018

Iberdrola inaugurates the wind farm of Wikinger, located in Germany in the waters of the Baltic Sea, with an investment of 1,400 million euros.In its development have participated companies like the Asturian Windar, with the construction of 280 piles of 40 meters in length…

Gabon Readies for Offshore Licensing Round

Oct 29, 2018

West African country has announced that it plans to open its highly-anticipated 12th Shallow and Deep Water Licensing Round of open blocks at the 25th Africa Oil Week, Cape Town in November 2018.Minister of Oil & Hydrocarbons Pascal Houangni…

New Research to Strengthen Design of Floating Wind Turbines

Oct 29, 2018

Researchers from Technical University of Denmark (DTU) and Danish Innovation Fond are, in collaboration with leading companies, optimizing the design of the floaters, which makes it possible to place offshore wind turbines on deep waters.Offshore…

Shell Adds New FPSO in Brazil

Oct 25, 2018

New, deep-water production is underway today at the Lula Extreme South in the Brazilian Santos Basin.  Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing…

Asia-Pac Offshore Wind Capacity to Rise 20-fold in a Decade: Wood Mackenzie

Oct 25, 2018

Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027, said new research from global natural resources consultancy Wood Mackenzie. Future offshore wind prices will be competitive with traditional thermal prices, it said.Leading the charge is China…

US, Russian Energy Majors Join to Push LNG in India, Japan

Oct 25, 2018

Russia's energy major Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, Reuters reported.The report said that  the LNG production…

Shell Joins the Global Wind Energy Council

Oct 25, 2018

British-Dutch oil and gas company Shell has joined the Global Wind Energy Council as a board level member as part of its 'new energies strategy' that includes expansion of wind business.Ben Backwell, CEO of the Global Wind Energy Council, says: “We are delighted to have Shell join GWEC’s board…

Blackstone Energy Partners Acquires Ulterra Drilling Technologies

Oct 24, 2018

Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies from affiliates of American Securities LLC.  American Securities and certain…

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