Energy

In a recent analysis of decisions to invest in the development of oil and natural gas resources, three economists from the EIA conclude that many large, capital-intensive oil and gas projects will come online after 2025 in order to meet rising demand.

The 2018 edition of BP’s Energy Outlook has been published and considers the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. The speed of the energy transition is uncertain and the new Outlook considers a range of scenarios.

Based on a positive election in New Jersey, offshore wind bids in Massachusetts and the release of the New York State Offshore Wind Master Plan, 2018 expectations for the U.S. offshore wind market were high. The first six weeks of 2018 indicate that the industry may have to raise its sights even higher.

In support of President Donald J. Trump's ‘America-First Offshore Energy Strategy,’ Deputy Secretary of the Interior David Bernhardt announces that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

The offshore wind farm project Arkona in the German Baltic Sea has received the German Renewables Award presented by the Clusteragentur Erneuerbare Energien, based in Hamburg. The project got the Innovation Product of the Year award for a newly developed method to protect the steel foundations of offshore wind turbines from corrosion.

Siemens Gamesa Renewable Energy (SGRE) has been awarded exclusivity by Danish energy group Ørsted for the supply and service of wind turbines for the Hornsea Project Two offshore wind project, being developed in British waters, where it will install its SG 8.0-167 DD turbines with total capacity of 1,386 MW.

Tackling corrosion issues and developing new materials in the wave, tidal and offshore wind sectors across Europe could save up to €84,000 million for developers and create up to € 82,000 million of supply chain opportunities by 2050, according to two new reports published today.

Secretary of State for the Ecological and Inclusive Transition, Sébastien Lecornu, announced preliminary studies to the launch of a tidal energy tender in Paris on February 8, 2018. The announcement is an important first step and strong message to the sector. A tender for tidal energy will see France become the global center of tidal energy manufacturing.

Offshore wind farms are getting bigger, and are increasingly being located further offshore in deeper waters, creating new challenges for their design, maintenance and operation. Key to their successful operation is the offshore substation, the gateway for the transport of energy to the mainland via undersea cables.

Eni has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The Cretaceous sequence has excellent reservoir characteristics.

ELA Container Offshore GmbH, in cooperation with its US subsidiary and the German American Chamber of Commerce of the Southern U.S., Inc (GACC) have initiated a one-day conference to share ideas about the “Energiewende”. This conference about “Wind Energy – How to power the future” will be held on February 27, 2018 at the Texas A&M in Galveston, TX.

The Finnish wave energy technology provider Wello has signed an important contract with the Chinese conglomerate CIMC OEI. This contract paves Wello’s way to the vast Chinese energy market and enables Wello to reach a most competitive position in renewable energy technology markets worldwide.