Tuesday, March 28, 2017

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.

Tightening Supply Supports High Thermal Coal Prices

File Image (CREDIT: AdobeStock)

China's thermal coal prices rose to the highest level since mid November due to tightening supply, shrugging off concerns that prices will fall after policy makers delay introducing radical production controls. Benchmark thermal coal prices…

What does Trump's Presidency Mean for the Power Industry?

President Donald Trump (Official White House photo)

Donald Trump has promised numerous changes, many of which impact the sectors that NES Global Talent operates in. Although he has only been in office for 39 days at the time of writing, he has already made numerous policy adjustments. In a recent NES survey…

Norway: No Plan to cut Statoil Stake

File Image: a typical offshore North Sea installation (Credit: Statoil)

The Norwegian government does not plan to cut its stake in Statoil, oil and energy Minister Terje Soeviknes told parliament on Wednesday. The government holds a 67 percent stake in the oil firm. There are no plans to cut the government's stakes in fertiliser maker Yara…

Kongsberg Launches Kognifai

kognifai is is an all-encompassing and open digital ecosystem for users to collect, store, analyze, and apply the data they generate using Komgsberg  and third-party systems  (Photo: Kongsberg)

Kongsberg has announced the launch of Kognifai, its open and collaborative digital platform that places a portfolio of applications into the cloud. Kognifai focuses on optimizing data access and analysis for customers across maritime and energy industries…

All Drill, No Frack: US Shale Leaves Thousands of Wells Unfinished

© Jon Mullen / Adobe Stock

U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate. Rising U.S.

Yaskawa Invests In Large-capacity Kinetic Energy Storage Company, Teraloop

Team picture: left to right: Mikko Järvinen (legal advisor), Philippe Pépin (COO), Edward Ridgway Watt (CEO), Petri Saarinen (CDO), Marco Tatti (Board Director) (Photo: Yaskawa)

Yaskawa Electric Corporation has completed a strategic investment in Helsinki-based Teraloop, a startup grid- and utility-scale kinetic energy storage company. This equity investment aims to help Teraloop accelerate the steps needed to bring…

Trican to Buy Canyon Services as Shale Drilling Ramps Up

Canadian oilfield services provider Trican Well Service Ltd said on Wednesday it would buy smaller rival Canyon Services Group Inc in a C$637 million deal, as it seeks to strengthen pricing power amid a revival in shale drilling in North America.

IEA Warns of Oil "Supply Crunch" by 2020 with No Capex Renaissance

Global oil supply may struggle to match demand after 2020, when the pinch of a two-year decline in investment in new production could leave spare capacity at a 14-year low and send prices sharply higher, the International Energy Agency said on Monday.

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

© chungking / Adobe Stock

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)…