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Image - Statoil Awarded Licences in Mexicos Deepwater Round

Statoil Awarded Licences in Mexico's Deepwater Round

The blocks cover an area of about 5,650 km2 in the largely unexplored deepwater areas of the Saline Basin. Statoil will be the operator of blocks 1 and 3, at 33.4% equity, with partners BP and Total participating equally with the remaining equity. The licences were awarded in a competitive bid round. A total of 10 deepwater blocks were on offer, with four in the Perdido Area and six in the Saline Basin. The blocks awarded are in water depths ranging from about 900 - 3,200 metres. The bid r...

Exploration Dec 5, 2016


Image - Subsea Integration Alliance Awarded Deepwater Integrated Epcic Contract in the Gulf of Mexico by Murphy E&P

Subsea Integration Alliance Awarded Deepwater Integrated Epcic Contract in the Gulf of Mexico by Murphy E&P

Subsea Integration Alliance announced today the industry's first deepwater integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) multiphase boosting system award. This award, by Murphy Exploration & Production Company-USA, a subsidiary of Murphy Oil Corporation (NYSE: MUR), is for the industry's longest deepwater subsea multiphase boosting tieback. Building on a track record of numerous engineering studies, this is the first EPCIC project award for S...

Geothermal Energy Dec 5, 2016




Image - Exploring the Fate of the Earths Storehouse of Carbon

Exploring the Fate of the Earth's Storehouse of Carbon

A new study predicts that warming temperatures will contribute to the release into the atmosphere of carbon that has long been locked up securely in the coldest reaches of our planet. Soil and climate expert Katherine Todd-Brown, a scientist at the Department of Energy's Pacific Northwest National Laboratory, is an author of the paper, published in the Dec. 1 issue of the journal Nature, which draws upon data collected through 49 separate field experiments around the world. The research wa...

General News Dec 1, 2016


Image - Westinghouse to Resolve CB&I Purchase Agreement As Planned

Westinghouse to Resolve CB&I Purchase Agreement As Planned

Today the Delaware Chancery Court found in favor of Westinghouse Electric Company and dismissed the filing by Chicago Bridge & Iron Company N.V. (CB&I) with respect to the post-closing reconciliation process. As a result of the decision, the parties will now proceed in accordance with the Parties Purchase Agreement and to an independent third-party auditor. "We are pleased the judge found that the suit was unwarranted and for the parties to maintain our agreed-upon resolution process," said ...

Nuclear Dec 2, 2016


Image - Alimak Group Acquires Avanti Wind Systems and Intends to Propose a Rights Issue of Up to 800 Msek

Alimak Group Acquires Avanti Wind Systems and Intends to Propose a Rights Issue of Up to 800 Msek

Avanti Wind Systems A/S is the market leader in vertical access solutions for wind turbine towers with a strong global footprint. The acquisition broadens and diversifies Alimak Group's product portfolio and offers an expansion into a growing area of renewable energy. The enterprise value is 91 MEUR which corresponds to a normalized EV/EBIT of 9.5x (2016 proforma level). The acquisition will be financed through a bridge loan intended to be repaid by proceeds from a proposed rights issue of new ...

Wind Dec 5, 2016


Image - Production Drilling Started on Mariner

Production Drilling Started on Mariner

Up to five wells will be drilled before the Mariner A platform hook up and commissioning activity starts next summer. First oil is expected to be produced from Mariner in 2018. Hedda Felin, managing director, Statoil Production UK said, "This is an exciting period for us as a UKCS operator as we transition from the planning phase to active offshore operations." "Predrilling enables production to reach plateau levels more quickly after the start of operations on Mariner A. It will also be ...

Oil and Gas Dec 2, 2016


Image - Vestas Secures 112-MW Wind Order for Three Projects in France

Vestas Secures 112-MW Wind Order for Three Projects in France

French energy group EDF Energies Nouvelles has placed firm and unconditional orders with Vestas for a total of 112 MW. It is for three wind projects: the 72.6-MW Champagne Picardie project, the 19.8-MW La Carnoye wind park, and the 20-MW Bois de Belfays project. as The projects will consist of the V126-3.45 MW, the V117-3.45 MW, and the V90-2.0 MW turbines respectively. The wind parks will be located in the French regions of Picardie, le Pas de Calais and Les Vosges. Turbine delivery is plan...

Wind Dec 1, 2016




Image - Siemens to Supply Key Components for Five Power Plant Units in Republic of the Sudan

Siemens to Supply Key Components for Five Power Plant Units in Republic of the Sudan

Siemens has signed an agreement in Berlin yesterday with Sudan's state-run energy provider Sudanese Thermal Power Generating Company (STPGC) to supply five SGT5-2000E gas turbines. These machines will deliver a combined electrical generating capacity of some 850 megawatts for the Sudanese national grid. All five power plant units are scheduled to already commence commercial operation at the end of 2017. Official signing of the contract in Berlin: Mohamed Osman Mahgoub Osman, Planning and Projec...

Smart Grids Dec 2, 2016


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