Siemens Gamesa Renewable Energy (SGRE) has unveiled a new technology that allows the company to actively dictate the wind flow in offshore wind farms for greater power production.Named ‘Wake Adapt’, SGRE can adjust the heading of individual offshore wind turbines…
Siemens Gamesa Renewable Energy (SGRE) has launched its new DD Flex concept and the SG 11.0-193 DD Flex offshore wind turbine, which can reach 11 MW capacity under specific site conditions.The SG 11.0-193 DD Flex, which is built on the current largest offshore wind turbine…
The Norwegian Petroleum Directorate (NPD) has granted Wintershall Dea Norge, a Norwegian unit of the German oil company Wintershall Dea, a drilling permit for well 6604/6-1, located in the Norwegian Sea.Wintershall Dea Norge has made a minor oil discovery in the the Scarabeo 8 drilling facility…
The floating production systems market worldwide is projected to grow by US$85.1 Billion, driven by a compounded growth of 19.5%.Floating production storage offloading (FPSO), one of the segments analyzed and sized in this study, displays the potential to grow at over 19…
Decommissioning activity in the UK North Sea in 2019 has seen a significant ramp up, with 23 projects approved in the basin so far this year, and another eight likely to come.But, while costs continue to fall, more still needs to be done to reduce spending…
ConocoPhillips has received the green light from Norway's Petroleum Safety Authority to drill an exploration well in block 25/7, slightly west of the Balder/Ringhorne fields in the center of the Norwegian sector of the North Sea.Well 25/7-9 S belongs to production licence 917…
The European offshore wind industry needs an area equivalent to the size of Ireland to install enough turbines to reach carbon neutrality by 2050, a target for most EU members, a leading industry group said in a report.Fighting climate change…
Russia's second-largest oil producer Lukoil said on Tuesday its third-quarter net income rose 5% quarter on quarter to 190.4 billion roubles ($3 billion) helped by a lower effective income tax rate.Its sales fell 8.1% from the second quarter to 1…
Enhanced Well Technologies AS, a company owned and controlled by EV Private Equity together with Shell Ventures B.V. and the IKM Group, announced the acquisition of riserless mud recovery services provider IKM Cleandrill AS. This acquisition…
London headquartered offshore drilling contractor Valaris said it has appointed Frederick Arnold to the company's board of directors, as the company as part of an ongoing board refreshment plan.Arnold, who joins the board as an independent director effective immediately…
Independent oil and gas producer Vår Energi said it has signed frame agreements with Apply Sørco and Aker Solutions for modifications and maintenance support for the company’s operated assets.The frame agreements, which cover operation, maintenance…
You might remember the Paris Climate Agreement entered into force in November 2016, and each country’s “green transition” experts on November 25, 2019, began preparing for the UN Climate Change Conference on December 2, 2019.Solar powerhouse…
Malaysia's state energy firm Petroliam Nasional Bhd said on Tuesday its third-quarter profit nearly halved due to lower demand and impairment charges, and warned of further risks to demand.Profit for the July-September period at Petronas, as the company is better known…
Well construction and intervention company Coretrax announced on Tuesday it has acquired Churchill Drilling Tools for an undisclosed sum as part of an ongoing growth and expansion strategy.Coretrax has been investing heavily in developing technology…
Norway's Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a 'hotspot' of its international efforts, the company's exploration head said on Tuesday.The company will drill about 20-30 exploration wells on the Norwegian continental shelf…