World First: High-Wave Floating Solar Park
A Belgian consortium has launched a project in high-wave offshore solar technology with the aim of building floating solar parks in the North Sea.Large maritime market players Tractebel, Jan De Nul Group, DEME, Soltech and Ghent University formed a consortium and announced the…
US' First Planned Floating Wind Farm Taking Shape
Plans for America’s first floating offshore wind farm are taking shape with the news that California’s Redwood Coast Energy Authority (RCEA) has selected a consortium to enter into a public-private partnership to develop the project off the Northern California coast. The consortium is comprised of Principle Power Inc.…
U.S. Wind Prospects Soar as Trump Signals Support
The United States signed a deal with Denmark on Thursday to expand cooperation on offshore wind power, giving a boost Europe's biggest green energy players. Danish companies DONG Energy and Vestas had feared the nascent U.S. offshore wind sector would be stymied after President Trump vowed to revive the coal industry…
Waterous Targets Canadian, U.S. Energy Assets
Private equity firm Waterous Energy Fund is seeking investment opportunities in the Canadian oil and gas sector as valuations turn attractive after a prolonged slump in the oil price, making a contrarian bet as global players pull back, its top executive said. Calgary-based Waterous Energy…
Statoil Introduces Partner in Hywind Scotland
Statoil has agreed to divest 25% of its assets in Hywind Scotland pilot park, the world’s first floating wind farm, to Masdar. The wind farm offshore Peterhead in Aberdeenshire, Scotland will power approximately 20,000 households when in production from late 2017. "The Hywind…
OPEC Smart App for ASB to be launched at ADIPEC
The Organization of the Petroleum Exporting Countries (OPEC) and the Ministry of Energy of the United Arab Emirates (UAE) are set to unveil a new Smart App version for OPEC's Annual Statistical Bulletin (ASB) on 7 November 2016 at 11:00 am during the annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in the UAE.
EMSA Equipment Assistance Service Launched for North Sea
NRC has announced the launch of a new oil spill response equipment assistance service for the European Maritime Safety Agency (EMSA) in Oldmeldrum, near Aberdeen, Scotland. Under this contract, awarded to NRC subsidiary Sureclean Ltd, NRC will be responsible for maintaining and…
Venezuela Minister to Visit Oil-producing Nations in Effort on Oil Prices
Venezuelan Oil Minister Eulogio Del Pino on Saturday will begin a tour of OPEC and non-OPEC countries as part of an effort to reach consensus among oil-producing countries on a strategy for boosting crude prices, President Nicolas Maduro said on Friday. Cash-strapped Venezuela…
Nova Scotia Attracts Tidal Energy Players
Minas Energy said it has entered into a partnership with International Marine Energy Inc (IME) and Tocardo International BV, using Tocardo’s tidal turbines. The new collaboration, Minas Tidal Limited Partnership (MTLP), intends to test Netherland-based Tocardo technology at the…
Franklin Income Fund Sees Oppurtunity During Oil Slump
The Franklin Income Fund is used to top-dog status among its mutual fund peers, but a 40 percent slide in oil prices since June has hammered its recent performance. At the end of September, the $94 billion fund had nearly $2 billion in bets on the junk-rated debt of several small exploration and production companies…
GAC Offers African Oil & Gas Market Insights to Houston
The GAC Group says it is bringing its African market knowledge to US clients in and around the global energy hub of Houston, Texas, with the posting of Gerrit Laubscher, Business Development Manager - Oil & Gas for Sub-Saharan Africa, to share his expertise and focus on promoting…
