Serbia's First Large-scale Wind Farm to Start in October
Belgian renewable energy firm Elicio NV said on Friday its 42 megawatt (MW) Alibunar wind farm in northern Serbia will start operating in October and help the Balkan country diversify its energy mix and reduce greenhouse gas emissions.The wind farm, which has 21 wind turbines provided by German wind turbine manufacturer Senvion, is the first large-scale farm to connect on Serbia's grid.
Trelleborg Solutions to FSRU-Based LNG Terminal
Trelleborg’s marine systems operation has supplied a suite of products to H-Energy’s Floating Storage Re-gasification Unit (FSRU) based LNG terminal at JSW Infrastructure’s Jaigarh Port in Ratnagiri District, Maharashtra. Developed in accordance with industry leading engineering and safety standards and an annual capacity of 4 MMTPA, H-Energy’s LNG Terminal will offer storage, re-gasification…
China Keeps LNG off Tariff List - for Now
China embroiled in festering trade dispute with United States even as Chinese imports of U.S. LNG expected to surge -Morgan Stanley. China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen. It also underscores Beijing's desire to ensure supplies…
Oil Stabilizes, Supported by Bullish U.S. Inventory Data
Oil prices steadied on Thursday, supported by a bullish U.S. inventory report from the previous session even as an escalating trade dispute between the United States and China weighed on demand expectations.Brent crude oil was up 2 cents a barrel at $74.80 by 11:13 a.m. EDT [1513 GMT]. U.S. light crude was 2 cents lower at $67.84 a barrel."The market is trying to balance the worries…
Global Oil Demand to Grow into 2040s
Global oil demand will keep growing into the 2040s due to higher consumption of plastic goods even as the electric vehicle fleet expands rapidly and technology revolutionises transport, BP said in its annual Energy Outlook on Wednesday. The forecast of sustained demand growth for the fossil fuel comes as other oil companies such as Royal Dutch Shell brace for demand to plateau by the early 2030s while countries gradually shift to less-polluting energy.
VBMS awarded EnBW Hohe See cabling contract
Royal Boskalis Westminster N.V. (Boskalis) announces that its subsidiary VBMS has been awarded an inter-array cabling contract with a value of approximately EUR 80 million by EnBW Hohe See GmbH & Co.KG for the 500 MW EnBW Hohe See Offshore Wind Farm. The contract includes the supply, installation and burial as well as termination and testing of seventy nine (79) 33kV inter-array cables.
Danfoss, General Electric Join Forces
Danfoss Silicon Power has announced it is establishing production in the U.S. and entering into a collaboration with industrial giant General Electric (GE). The collaboration means that Danfoss Silicon Power will become the world’s leading provider of silicon-carbide (SiC) power modules. The SiC power modules will create smaller, faster, and more effective electronic devices — and…
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 megawatts (MW) project in the northern town of Kovacica, estimated to cost 185 million euros, will be among the first large-scale privately-run wind farms in Serbia.
Ampelmann Debuts S-type Walk-to-Work System
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, is launching the new Walk-to-Work system as an alternative to using helicopters or baskets. In total…
Mining Service Sector Outpaces Oil Peers
Miners' quest for technology adds to order books. Companies supplying miners with equipment and services have performed better than their oil sector peers, buoyed by spending on new technology and expectations the demand outlook for other minerals is more bullish than for fuel. The index of mining services companies, such as Atlas Copco , Sandvik and Metso, has risen more than 50 percent over the last 12 months.
Heriot-Watt Sets Global Data Landscape for BP Statistical Review
The economics professor who leads the in-depth data collation process for BP’s annual Statistical Review of World Energy has welcomed the energy major’s latest findings as “clear evidence of a major transformation in the global energy landscape”. Professor Mark Schaffer, Director of the Center for Energy Economics and Policy (CEERP), at Heriot-Watt University, said, “The 2017 Review is clear evidence of the interesting interaction between short and long-term energy forces.
India to Buy $1 Billion of US Crude Oil
Following Indianan Prime Minister Narendra Modi’s June 2017 visit to the U.S., where President Donald Trump and PM Modi agreed to deepen the energy engagement between the two countries, India oil companies have started the process of procuring crude oil from the U.S. Now six weeks after the visit, the first orders for $1 billion of crude are being placed. Two Indian oil giants, Indian Oil Corporation and Bharat Petroleum…
Coal's Problem is Not Climate Change: Kemp
U.S. coal companies blame climate campaigners and the Obama administration for waging a war on coal that has cost thousands of jobs and threatened struggling mining communities. But coal’s long-term problems stem not from politics but from physical properties that make it an inferior source of energy compared with oil, gas and (arguably) renewables. Coal has been losing the “war” for…
Solar PV Grew Faster Than Any Other Fuel in 2016
New solar PV capacity grew by 50% last year, with China accounting for almost half of the global expansion, according to the International Energy Agency's latest renewables market analysis and forecast. For the first time, solar PV additions rose faster than any other fuel, surpassing the net growth in coal. Boosted by a strong solar PV market, renewables accounted for almost two-thirds of net new power capacity around the world last year…
Energy Leaders Gather for the IEA Ministerial Meeting
Ministers and top government officials from the International Energy Agency’s 29 member countries, seven Association countries – Brazil, China, India, Indonesia, Morocco, Singapore and Thailand – and other partners, as well as more than 30 CEOs from across the energy spectrum, met in Paris this week for the IEA’s 2017 Ministerial Meeting. Held under the chairmanship of Ibrahim Baylan…
France's Engie Acquires Brazil's ACS
Engie has closed a deal to acquire Brazilian energy efficiency company ACS, the French energy group told Reuters on Friday without specifying the value. ACS offers services like remote monitoring of energy consumption, as well as water, temperature and gas monitoring. Engie aims to reach 1 billion reais ($317.82 million) in revenue in 2020, through its services arm, as it seeks to expand and diversify its presence in Brazil.
Fjord1 Orders Seven Battery-Powered Ferries with Havyard
Havyard Group will be delivering the design for seven battery-powered ferries to Norwegian transportation company Fjord1, five of which will be built at the company’s own shipyard. Havyard and Fjord1 will thereby continue their partnership to achieve a green revolution on the Norwegian fjords. With this contract, Havyard Group has orders for 13 battery ferries at its own yard and has sold 12 battery ferry designs.
Algeria Seeks to Cut Energy Consumption After Oil Earnings Fall
Algeria is offering motorists incentives to more than double the number of cars running on natural gas by 2021 in an effort to reduce consumption of costly imported fuel amid strained public finances, officials said. The North African country has been struggling with a halving since 2014 of vital oil and gas revenues, which make up 60 percent of the budget and 95 percent of exports.
Yaskawa Ups Investment in The Switch
Yaskawa Corporation is making a multimillion-euro investment to strengthen the R&D capabilities of The Switch and purchase new equipment at the company’s factory in Lappeenranta, Finland.The investment will enable drive train testing of up to 15 MW. The Switch will now become Yaskawa European’s Environmental Energy Division, leading the Japanese company’s global business in the marine…
LR to Class India’s First FSRU
Lloyd’s Register (LR) said it signed a contract to class the first ever floating storage regasification unit (FSRU) to be ordered for Indian waters.Due for delivery in December 2019, the new 180,000m³ FSRU will be built to LR’s Rules for the Classification of Offshore Units by South Korean shipbuilder Hyundai Heavy Industries (HHI) for SWAN LNG Pvt. Ltd. (SLPL). It will be stationed at Jafrabad port for 24h-hours-a-day operations…