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.
Baker Hughes and GE Oil & Gas Complete Combination, Creating the World’s First and Only Fullstream Oil and Gas Company
Uniquely Positioned to Drive Productivity, Lower Costs and Innovate Globally for Customers July 03, 2017 Baker Hughes, a GE company (NYSE: BHGE) announced today that the transaction combining GE’s oil and gas business with Baker Hughes is complete. The new company is the first and only to bring together
July 11, 2017 Statoil plans to recruit more than 50 skilled workers annually in the years ahead to ensure that the company has the right competence and capacity on the Norwegian continental shelf. “We believe it will be possible to maintain profitable and sustainable production at the current level on
10 July 2017 Following the approval by the regulatory authority, today Eni has completed the sale to Eneco of 100% of Eni Gas & Power NV / SA – and its subsidiary Eni Wind Belgium NV / SA – which comprises Eni’s gas & power retail operations in Belgium. The
July 5, 2017 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kurt Bock, Chairman of the Board of Executive Directors of BASF, took place in Moscow today. The parties discussed the ongoing cooperation between the companies, paying particular attention to the Nord Stream 2 project.
First gas has been delivered on schedule from the Cayley field, the third and final new discovery to be brought on stream during the major redevelopment of the Montrose Area in the Central North Sea operated by Repsol Sinopec Resources UK. Gross incremental production from Cayley, Godwin and Shaw (brought