Energy

Statoil and its partners have decided to invest just over NOK 5 billion in the further development of the Snøhvit field in the Barents Sea, which will provide feedstock for the LNG plant at Melkøya in Hammerfest.

Statoil has signed an agreement with Polenergia to acquire a 50 % interest in the two early phase offshore wind development projects in Poland, Bałtyk Środkowy III (BSIII) and Bałtyk Środkowy II (BSII).

The two projects have a planned capacity of 1200 MW with the potential to power more than 2 million Polish households.

On 7 March 2017, a former chief executive of Brazilian government-controlled oil firm Petroleo Brasileiro SA (Petrobras), Aldemir Bendine, was convicted of corruption charges. His sentence, via a federal judge, was set at 11 years in prison.

DeepOcean AS has been awarded a significant contract for performing subsea, umbilicals, risers and Flowlines (SURF) replacement and construction work in the North Sea and the Norwegian Sea.

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

GE Renewable Energy has unveiled its plan to develop the largest, most powerful offshore wind turbine: the Haliade-X. Featuring a 12 MW direct drive generator and an industry leading gross capacity factor of 63 percent¹ the Haliade-X will produce 45 percent more energy than any other offshore turbine available today².

Derrick Equipment Company and STEP Oiltools have been awarded a contract to supply Dual Pool^® 626 VE shale shakers and a bespoke flow divider for the Statoil^® Njord A platform.

The second phase of the Carbon Trust-led Floating Wind Joint Industry Partnership has launched a series of projects to address common technical challenges relevant to commercial-scale floating wind farms up to 1 GW capacity. The studies are part of the collaborative partnership between the Scottish Government and twelve industry partners, including EnBW, ENGIE, Eolfi, E.ON, Iberdrola, innogy, Kyuden Mirai, Ørsted, Shell, Statoil, Vattenfall, and Wpd Offshore.

Exxon Mobil Corporation (NYSE:XOM) announces its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.

ExxonMobil Corp has announced that it will exit some joint ventures with Rosneft, an integrated oil company majority owned by the Government of Russia.

An explosion of innovation in the UK will see an army of autonomous robots service giant wind turbines with tens of rotors, while parachute-shaped kites will transform how we think about wind turbines.

Earlier this year Jumbo completed their project for the Arkona offshore wind farm (E.ON and Statoil).