Thursday, May 25, 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

© Shutter81 / Adobe Stock

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.

Venezuela Supports Extending Production Cuts

© chirnoagarazvan / Adobe Stock

Venezuela on Tuesday said it supported a nine-month extension of an agreement between OPEC and non-OPEC countries to limit crude production, hoping to achieve a "stabilization" of the oil market. The crisis-hit OPEC nation, which relies on oil for some 94 percent of its export revenue…

CFD Simulation of a Fully Featured Offshore Platform Model

(Photo: Hydrocean)

CFD simulations of offshore oil and gas platforms are used to predict the maximum wind loads acting on the structure of the platform topsides (the upper half of the platform, above sea level and outside the splash zone, including the oil production plant…

Changing the Landscape of LNG Production

PFLNG Satu (Photo: © TechnipFMC plc.)

Successful completion of the Petronas Floating LNG facility (PFLNG) Satu is a milestone for the oil and gas industry and for the Malaysian energy giant. Designed by consortium leader TechnipFMC and fabricated at the Daewoo Shipbuilding and Marine Engineering yard in South Korea…

Ampelmann Debuts S-type Walk-to-Work System

Image: Ampelmann

Dutch company Ampelmann says it has designed its latest motion compensation access system, the S-type, as a cost effective and safe option in the transportation of workers and luggage to and from offshore platforms. The company, a provider of offshore access systems to the energy industry…

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.

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)…