Saturday, April 29, 2017

EBRD to Lend Up to 50 mln Euros for Serbian Wind Farm

The European Bank for Reconstruction and Development (EBRD) said on Wednesday it would lend up to 50 million euros ($53 million) to Serbian company Electrawinds K-Wind to help finance one of the Balkan country's first wind farms. The 104.5…

Hydro Group Completes MeyGen Contract

Photo courtesy of Hydro Group

Aberdeen-based subsea cable and connector specialist, Hydro Group has completed a contract with technology developer and supplier of tidal turbines, Andritz Hydro Hammerfest (AHH). The agreement saw Hydro Group supply complete connection…

Vattenfall to Invest $1.9 bln in Wind Power in 2017-2018

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Sweden's Vattenfall will invest 17 billion crowns ($1.94 bln) in onshore and offshore wind power during 2017-2018, the state-owned utility said on Tuesday. Spending on wind power will account for 60 percent of an investment programme worth 28 billion crowns…

IEA Finds CO2 Emissions Flat for Third Straight Year

Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency, signaling a continuing decoupling of emissions and economic activity.

Statkraft Eyes Distressed Assets After Offshore Wind Exit This Year

* Says still sees high interest for renewable energy in California and other state of the U.S. and willingness to continue putting up investment schemes, despite lack of clarify from the new U.S.

U.S. Refiners Bet Big on Refined Export Markets

File Image (CREDIT: AdobeStock / (c) Sharrif Che'Lah)

U.S. refiners have come out of maintenance season betting that big exports to Mexico and South America will help alleviate high product inventories and boost margins as the critical summer driving season nears. The first wave of earnings results from several large independent U.S.

Ampelmann Unveils the Icemann

Photo: Ampelmann

Ampelmann, provider of offshore access to the energy industry, has unveiled its latest walk to work system which has been specially designed for operation in extreme cold conditions. The N-type, nicknamed Icemann, was officially launched in front of 200 guests on Thursday…

As Texas Output Surges, Cash Discounts Soar

File Image (CREDIT: AdobeStock / Edelweiss)

Surging West Texas oil production has pushed the value of the region's spot crude to its lowest discount to the U.S. oil benchmark in nearly two years, as an exuberant shale industry pumps more to take advantage of higher prices and demand…

Hedge Funds Again Turn Bullish: Kemp

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Hedge funds have turned bullish towards crude oil again as international marker prices have steadied above the psychologically important $50 threshold. Hedge funds and other money managers increased their net long position in the three main…

Oil Surplus or Scarcity? Shale Makes it Hard to Predict

File Image: AdobeStock (Edel Weiss)

Goldman Sachs sees large oil surplus in two years, but the forecast is at odds with most predictions of looming shortage. The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarised.

UK Subsea Sector Set to Increase Exports in 2017

Neil Gordon (Photo: Subsea UK)

British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017.

Forum ROV to support University Renewables Projects

The University of Limerick has purchased a Sub-Atlantic Comanche ROV from Forum for renewable energy project work. (Photo: Forum Energy Technologies)

Forum Energy Technologies, Inc. won an order to supply the University of Limerick with a Remotely Operated Vehicle (ROV) to support its subsea inspection and intervention work on renewable energy infrastructure. The University’s Mobile and…

Intertek Appointed by JNCC for Decommissioning Study

Intertek, a Total Quality Assurance provider to industries worldwide, has announced that its Energy & Water experts have been appointed by the UK’s Joint Nature Conservation Committee (JNCC) to undertake a study of potential impacts associated…

Engineers Expand the Window for Installing Monopiles

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Longitude Engineering – a specialist marine engineering subsidiary of the LOC Group – working closely with Rampion and its contractors, has developed an  analysis and modeling process to fully understand why large monopiles oscillate in relatively small wave heights…

Tidal Demonstrator to Be Built by HydroQuest and CMN

Image: HydroQuest

An innovative demonstration project for the tidal energy sector has been launched at the International Tidal Energy Summit, being held in London on November 22 and 23. The project, a collaboration between HydroQuest and CMN (Constructions Mécaniques de Normandie)…