On the 29th June the largest European energy storage system using second-life and new electric vehicle batteries in a commercial building was made live. Amsterdam Alderman Udo Kock conducted the official opening ceremony. This unique project is the result of collaboration between Nissan, Eaton,…
Inga Beale to leave Lloyd’s Inga Beale is to leave Lloyd’s in 2019 after five years as chief executive officer, the global insurance and reinsurance market has confirmed. Lloyd’s did not give a precise leaving date saying it would be announced in “due course”…
Premier Oil will deploy Ocean Power Technologies’ PowerBuoy technology at its Huntington Field in the North Sea, marking the UK oil and gas industry’s first deployment of a wave energy device at an oil field. OPT’s PowerBuoy consists of a float, spar, and heave…
Four supertankers chartered by energy major BP have been held up or delayed off China’s east coast over the last two months, unable to fully discharge oil as slowing demand from the country’s private refiners starts to impact global markets. Two of the four…
Eni and INA have signed a memorandum of understanding to evaluate jointly a potential gas interconnector between Italy and Croatia. The aim is to extend the use of existing infrastructure – until now dedicated solely to offshore gas production activities in the upper Adriatic…
Serica Energy has submitted a development plan for the Columbus gas/condensate field in the UK central North Sea. The company aims to produce up to 40 MMcf/d at peak, along with 1,150 b/d of condensate and natural gas liquids (NGLs) from the field in…
Oslo Stock Exchange (Oslo Børs) has resolved to admit the shares in Northern Drilling to listing on Oslo Børs. Northern Drilling, a recently established offshore drilling company, is owned by a Norwegian-born billionaire and shipping magnate John Fredriksen. Northern Drilling said on the 29th…
GE says it plans to fully separate its 62.5% interest in BHGE over the next two to three years. John Flannery, chairman and CEO of GE, said: “Today marks an important milestone in GE’s history. We are aggressively driving forward as an aviation, power,…
Three of five members of the Minnesota Public Utilities Commission said on the 28th June that they support issuing a certificate of need for Enbridge Inc to rebuild its Line 3 oil pipeline, angering environmentalists but offering hope to Western Canadian oil producers. The…
Brazil’s state-controlled oil company Petroleo Brasileiro SA could raise around US$28 billion by selling a big stake in a key offshore oil area if Congress passes a bill allowing such a move, Brazil’s Mining and Energy Minister said on the 28th June. The reserves,…
