Latest News Europe
Europe remains the bastion of wind energy where Germany leads the region in onshore capacity, the UK leading the offshore markets, and countries like Denmark and the Netherlands ushering the EU toward a fossil free future through their commitments to renewable technologies.
The EU continues to strengthen its position on green energy through its targets for renewably sourced electricity and is working hard toward an energy sharing network to enable complimentary generation capacity to be exchanged as needed.
Market leaders such as Siemens and Vestas work closely with entities like Vattenfall, DONG Energy and Statoil, providing state-of-the-art wind farms for national energy providers working in close conjunction with Europe’s grid operators. As such, their combined expertise is the driving force behind some of the most significant innovations within the industry, and their commitment to investing into ongoing research and development programs are producing world leading technologies. Hornsea Project One will have the capacity to provide power to one million homes, which is a genuine milestone achievement for an offshore wind farm, and demonstrates how advanced Europe’s wind energy solutions have become. Projects such as Vattenfall’s Kriegers Flak have also shown the World how cost effective wind power can be and is paving the way to removal of wind energy subsidies. These developments are crucial to wind power becoming a ubiquitous part of our energy landscape and reducing electricity costs for the consumer.
The technologies being developed within Europe now to support wind energy generation and storage will have far reaching and lasting consequences for the World as their refinement and development has knock on effects for electrically powered travel and for mobile digital communications. InDepth NRG will remain heavily invested in Europe’s energy market place reporting on each new development and looking at their ramifications for our industry and our planet.
24.05.2017 DONG Energy has today agreed to divest the entire share capital of DONG E&P A/S to INEOS for an unconditional payment of USD 1,050 million (DKK 7.0 billion) on a cash and debt free basis, a contingent payment of USD 150 million (DKK 1.0 billion) related to the Fredericia
22 May 2017 UK project is the third of seven new upstream major projects expected to come on stream for BP in 2017. BP, on behalf of co-venturers Shell and Siccar Point Energy, is pleased to announce first oil from the redeveloped Schiehallion Area, following completion of the multi-billion-pound Quad
May 3 2017 Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the Gohta appraisal well 7120/1-5 located in PL492 in the southern Barents Sea. The Gohta discovery, made in Permian carbonate reservoir rocks in well 7120/1-3 in 2013, was estimated
4 May 2017 DNO ASA, the Norwegian oil and gas operator, today announced the acquisition of Origo Exploration Holding AS (Origo), a privately-held oil and gas exploration company with a focus offshore Norway and the United Kingdom. Following the acquisition, DNO picks up stakes in 11 exploration and appraisal licenses
May 4, 2017 Statoil transferred the operatorship for the Polarled pipeline to Gassco on 1 May. The 482-kilometre pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna in Møre og Romsdal was delivered NOK 4.5 billion below budget. Polarled is the first subsea pipeline crossing the Arctic
May 3 2017 Total is acquiring the Dutch company PitPoint B.V., Europe’s third-largest provider of natural gas vehicle fuel. PitPoint B.V. is a market-leading integrated independent in alternative fuels with a network of around 100 natural gas fueling stations. The company is also involved in biogas, hydrogen and electric vehicle