Renewables

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Renewables

The Permian Paradox: Texas Shale Players Go Green To Drill More

As the thirst for electricity to power drilling rigs in West Texas drives the state’s energy needs to new highs, oil and gas companies are increasingly relying on wind and solar power to ensure that the shale boom continues.

November 8, 2019

Renewables

Bison Oil & Gas Partners II Announces Solar Project With Pivot Energy

Bison Energy, LLC, a wholly-owned subsidiary of Bison Oil & Gas Partners II LLC, and Pivot Energy said Nov. 6 the companies have entered into an agreement to develop their first solar project in Arapahoe County, Colo.

November 6, 2019

Renewables

Shell To Buy French Floating Wind Farm Specialist

Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business, the company said on Nov. 5.

November 5, 2019

Investment

Batteries Cannot Save The Grid Or The Planet

The dream of a battery-centric energy supply is seductive, but the reality is that proponents of such a transformation misunderstand the capabilities and limitations of battery technology.

November 1, 2019

Liquefied Natural Gas (LNG)

Southeast Asia May Become Net Fossil Fuel Importer In Coming Years: IEA

Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region, the International Energy Agency (IEA) warned in a report.

October 29, 2019

Investment

Debunking The New Energy Economy

While a groundswell rises worldwide to replace hydrocarbons with renewable energies—and sooner rather than later—do physical realities support such a revolutionary change to energy domains? The short answer is no.

October 28, 2019

Business

IEA: Reaping Wind At Sea Could Become $1 Trillion Industry

Like shale and solar photovoltaic, wind can be a game-changer, says Fatih Birol.

October 25, 2019

Earnings

Aker Solutions Eyes 20% Of Revenue From Renewables By 2030

In an attempt to diversify its business, the company has taken a 23% stake in U.S.-based Principle Power, a developer of floating wind power technology, and is involved in floating wind power projects in the United States and South Korea.

October 23, 2019

Business

Eni CEO Sees No Future For Companies Working In Just Oil And Gas

There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Oct. 18.

October 18, 2019

Exploration & Production

Equinor To Invest Nearly $550 Million In Floating Wind Power Offshore Norway

The 88-megawatt (MW) capacity project, called Hywind Tampen, consisting of 11 turbines, would meet about 35% of electricity needs at the Gullfaks and Snorre fields, Equinor said.

October 11, 2019