BP announces first quarter results

by Timothy Reeder | Apr 27, 2016 | News

BP recently reported its results for the first quarter of 2016. Underlying replacement cost profit1 for the quarter was $532 million, compared with $196 million for the previous quarter and $2.6 billion for the first quarter of 2015. Compared with the previous...

E.ON to build Arkona offshore wind farm in partnership with Norwegian energy company Statoil

by Timothy Reeder | Apr 25, 2016 | News

E.ON is to build another offshore wind farm in German waters. The company announced today that it has decided to move forward with the Arkona project in the Baltic Sea. The wind farm is expected to be fully operational in 2019. Norwegian energy company Statoil will...

ExxonMobil Starts Production at Point Thomson

by Timothy Reeder | Apr 25, 2016 | News

ExxonMobil said today it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope. Central pad facilities are designed to initially produce about 5,000 barrels per day of condensate and 100 million standard cubic...

Siemens to supply direct-drive wind turbines for onshore wind farm in Japan

by Timothy Reeder | Apr 25, 2016 | News

Siemens has secured its third wind power order from Japan’s largest wind power developer, Eurus Energy Holdings Corporation headquartered in Tokyo. For the 41.6 megawatt Eurus Higashi Yurihara wind power plant, developed in Yurihonjo city – located in the north...

The Land of Berlin and E.ON sign cooperation agreement to further develop Berlin’s municipal gas supply

by Timothy Reeder | Apr 19, 2016 | News

The Land of Berlin and E.ON have agreed to cooperate closely in further developing Berlin’s municipal gas supply. The agreement marks an important milestone in implementing the Senate decision of November 10, 2015 setting out the goals for gas supply in the capital...

Statoil awarding contracts for removal, disposal and recycling of the Huldra platform

by Timothy Reeder | Apr 13, 2016 | News

Hereema Marine Contractors Nederland SE will remove the platform and transport it to shore, while AF Offshore Decom AS has been awarded the contract for disposal and recycling of the platform. The Huldra field is a Statoil- operated gas and condensate field on the...