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Siemens: Major milestone achieved in development of subsea power distribution system

Siemens has successfully concluded the first phase of its Subsea Power Grid shallow water test in Trondheim, Norway. Siemens, in collaboration with industry partners Chevron, Equinor, ExxonMobil, and Eni Norge, is in the final stages of a program to develop a barrier-breaking system that will become the world’s first Subsea Power Grid designed for distribution of medium voltage power using pressure compensated technology.

read more... 05/11/2018

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Daily (02.11.2018): WTI crude posted a 17% loss from highs hit in early October to settle at $63.69 a barrel on Thursday

Crude oil prices extended losses on Thursday, as crude production rose by over 2 million barrels per day during the last 12 months. Moreover, increased concerns over a potential slowdown in global growth amid continuous trade tensions between U.S. and China put more pressure on prices. 

read more... 02/11/2018

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UK-Belgium gas pipeline IUK warns Belgium power woes could interrupt gas flows

Gas flows between Britain and Belgium through the IUK pipeline could be interrupted this winter if electricity supply issues facing Belgium require the pipeline operator to turn off its electricity-driven compressors, it said on Thursday.

read more... 02/11/2018

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Non-hydro renewables to reach 46% share in Italy’s power in 2030 - GlobalData

The share of thermal power in Italy's mix is expected to drop to 36.9% by 2030, while non-hydro renewables will rise to 45.8%, according to a report by GlobalData.

read more... 02/11/2018

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Azerbaijan’s SOCAR in talks to develop oil field in Russia: VP

Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oil field in Russia, SOCAR Vice President Elshad Nasirov told reporters Nov. 1 in Minsk, Reuters reported.

read more... 02/11/2018

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