Latest news
Russian government seeks offshore oil spill funds
The Russian Prime Minister Vladimir Putin proposed on Wednesday a bill that would require the Russian companies engaged in the exploration of crude seeking to obtain offshore extraction licenses, to set apart financial reserves which could be used in case of an eventual oil spill.
read more... 24/06/2011
New wind farms to replace phased-out nuclear power in Germany
Once the German announced their decision to phase out the country’s nuclear power by 2022, it was clear that one-quarter of the country’s generation power has to be replaced with alternative energy sources. According to a recently proposed “10 Point Immediate Action Program” by the German Environment Ministry, the avoided nuclear power will be substituted with offshore wind power which is expected to be strengthened by an incentive system.
read more... 08/06/2011
UK is considering incentives for gas production
UK is planning to encourage offshore gas exploration and production by introducing incentives following taxes increase on North Sea energy companies, imposed by the British Chancellor George Osborne.
read more... 08/06/2011
Statoil sold 24.1 percent of its gas pipeline stake
The Norwegian state energy giant, Statoil said on Monday that it will sell a 24.1 percent stake in the world's largest offshore gas pipeline network to an investment group including German insurer Allianz and the Abu Dhabi Investment Authority for 17.35 billion crowns ($3.25 billion).
read more... 07/06/2011
World’s largest wind farm to be completed in UK
Reef Subsea AS, an international cost-effective company providing subsea services for developers of oil & gas and renewable projects, announced it has signed a contract for completion of an offshore wind farm set in the Suffolk coast of the UK, Greater Gabbard, that will become the world’s largest offshore wind farm.
read more... 03/06/2011