Vestas Enters New Market With 159 MW EPC Order for the First Large Utility-scale Wind Project in Senegal Vestas is providing a customised solution for the 159 MW Parc Eolien Taiba N’Diaye, Senegal’s first large utility-scale wind energy project and the largest wind project in…
A new trade route for energy supplies is opening up north of the Arctic Circle as some of the warmest temperatures on record shrink ice caps that used to lock ships out of the area. This year is likely to rank among the top…
The average price of Brent Crude will be between US$70 and US$80 per barrel in 2019, according to a new Rigzone poll. Forty-percent of the 231 poll respondents said the average price would fall within this range next year, with 23 percent stating that…
Siemens and Iljin Electric, a Korean manufacturer of electrical systems and gas-insulated switchgear (GIS), have signed an agreement to develop an SF6-free GIS for the 170 kilovolt (kV) voltage level. The technology has already been developed by Siemens for applications up to 145 kV….
In Barclay’s midyear global spending survey of more than 200 companies, global upstream spending for 2018 is on pace to rise 8%, essentially in line with its December spending report. “Compared with the last two cycles, the recovery in global spending has been remarkably…
A new helicopter services contract took effect on the 1st Septermber in the Barents Sea between Eni Norge, in partnership with Equinor, and Bristow Norway. Bristow’s contract includes services related to crew changes and SAR (search and rescue) for both companies from their its…
Equity agreements totalling US$10 billion have assisted US$12 billion in transactions in the North Sea since 2014, according to Wood Mackenzie. Another US$13 billion could be invested in the North Sea, based on disclosed funding. Neivan Boroujerdi, senior research analyst, North Sea upstream,…
Roch SA, Buenos Aires, has started oil production from a well drilled to appraise its 2008 San Martin discovery in Tierra del Fuego and cased a second appraisal as a possible producer. . According to Crown Point Energy Inc, a 51.56% interest holder based in…
Wintershall plans to spend NKr2 billion (US$240 million) on exploration and development in the Norwegian sector in the 2017-20 period, according to a presentation at ONS. Martin Bachmann, executive board member for E&P in Europe and the Middle East, said the company was about…
