Energy

The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total, Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo project today, which came on stream in July and is located deep offshore on Block 32, 260 kilometers off the coast of Luanda.

The European Union is the latest backer of Akselos’ cutting edge technology, with the award of a €1.4 million research grant to the tech pioneer and engineering partner, LICengineering, to optimize the design of offshore wind turbines.

Ocean Power Technologies, Inc., a leader in innovative and cost-effective ocean energy solutions, has announced the expansion of their suite of complimentary products that leverage the core technology of the PowerBuoy™, which include subsea batteries and a hybrid (liquid-fueled) PowerBuoy™.

German wave energy company SINN Power has installed an autonomous measurement station to gather data for making site specific-recommendations for a renewable energy hybrid system that optimally meets the needs of a customer in Guinea.

Brazil has a new president and the nation seems to be experiencing a financial uptick rooted in its energy sector, but a number of questions remain.

Israel announces the launching of its second bid round to grant exploration licenses for natural gas and oil in Israel’s economic waters in the Eastern Mediterranean. The upcoming bid round is pursuant to an earlier round which began 2 years ago and granted 6 licenses, some are expected to commence drilling in the upcoming months.

The publication “Ocean Energy and the Regions: a partnership for growth” was released on Tuesday, October 30, at Ocean Energy Europe 2018 by the FORESEA project.

Power has started arriving on the coast of Scotland from what will be the world’s largest floating offshore wind farm.

Predictive digital twin pioneer, Akselos, has announced the completion of a $10 million financing round led by innogy Ventures, with Shell Ventures as Co-Investor. The new round of financing will be used to help increase the sustainability of critical assets in the energy sector, by empowering predictive maintenance with structural analysis software, big data analytics and machine learning.

For decades, offshore platforms have been forced to operate as self-sufficient facilities.

U.S. Secretary of the Interior Ryan Zinke has announced a long-awaited development for oil and gas energy production offshore the state of Alaska. Interior’s Bureau of Ocean Energy Management (BOEM) issued conditional approval to Hilcorp Alaska LLC for its Liberty Project oil and gas development and production plan. If developed, the facility would be the first oil and gas production facility in federal waters off Alaska.

Sofia Offshore Wind Farm, sited 165 km off the UK coast on Dogger Bank in the North Sea, now has a dedicated digital portal for contractors and suppliers to register their capabilities and interest in working on the project.