Statoil to explore offshore Uruguay

by Timothy Reeder | Feb 1, 2016 | News

Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay. This represents a new impact opportunity for Statoil and a new country entry. Block 14 is located in the...

New Statoil helicopter contracts for Bergen and Florø

by Timothy Reeder | Feb 1, 2016 | News

Statoil awards Bristow Norway contracts for personnel transportation from Bergen and Florø starting on 1 May 2017. The awarded contracts will effectively ensure the safety of our transportation services. At the same time the contracts reflect a market situation with...

Siemens sets new performance and efficiency world record at Düsseldorf power plant

by Timothy Reeder | Jan 29, 2016 | News

On January 22, 2016, Siemens handed over the combined cycle power plant equipped with a Siemens H-class gas turbine at the Lausward location in the Düsseldorf (Germany) harbor area to the customer and operator, the utility company Stadtwerke Düsseldorf AG. The turnkey...

Siemens to supply wind turbines to first Finnish offshore wind farm

by Timothy Reeder | Jan 29, 2016 | News

Siemens has been awarded its first commercial offshore wind order from Finland: the company will supply, install and commission 10 wind turbines, each with a capacity of 4 megawatts and a rotor diameter of 130 meters, for the Tahkoluoto offshore wind farm in the...

Siemens receives wind turbine orders for two onshore projects in Ireland

by Timothy Reeder | Jan 29, 2016 | News

Siemens has received two orders for onshore wind projects in Ireland. With 36 Siemens D3 direct drive wind turbines, the Cloosh Valley Wind Farm – also known as Galway Wind Park Phase 2 – will add 108 megawatts (MW) to Ireland’s renewable energy capacity. A...

World Bank Lowers 2016 Forecasts for 37 of 46 Commodity Prices, Including Oil

by Timothy Reeder | Jan 28, 2016 | News

The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. The lower forecast reflects a number of supply and demand factors. These include...