Global solar PV demand reaches 20.4 GW in 2011

Global solar photovoltaic (PV) demand could reach 20.4 GW in 2011, according to Solarbuzz.

Statoil announces oil find off Brazil

Statoil and the Petrobras of Brazil have struck oil on the Indra prospect in the Espirito Santo basin off the coast of Brazil.Petrobras is operator for licence BM-ES-32, where the discovery was made and where Statoil holds a 40% stake.

Marathon Signs Agreement for Sale of Its Interests in PL 025, PL 048E and PL 187 on the Norwegian Continental Shelf

Marathon Oil Corporation (NYSE: MRO), through its wholly owned subsidiary Marathon Petroleum Norge AS, today announced the signing of a sales agreement with Statoil Petroleum AS for all of Marathon’s interests in production licenses PL 025, PL 048E and PL 187 on the Norwegian Continental Shelf. The transaction has a value of $85 million USD […]

Petrobras Announces Light Oil Discovery In Espírito Santo Basin

PETRÓLEO BRASILEIRO S/A - PETROBRAS, announces the discovery of light oil in sandstones reservoirs of the post-salt section of Espírito Santo Basin.

Central Petroleum Announces Shale Gas And Shale Oil Potential In The Southern Georgina Basin

Central Petroleum Limited (ASX:CTP) (“the Company” or “Central”), has previously announced in-house estimates of shale gas and shale oil potential in some of it’s application areas in the Southern Georgina Basin as being up to 80 TCFG UGIIP and up to 650 MMbbls UOIIP. (SPE “high” estimate undiscovered gas and oil initially in place respectively). […]

ABB wins offshore oil & gas contracts totaling $42 million

ABB, the leading power and automation technology group, has won several orders collectively worth $42 million to provide power supply infrastructure and equipment for several floating, production, storage and offloading (FPSO) vessels. The vessels will produce crude oil off the coast of Brazil; they will be operated by several oil and gas producers, with Petrobras […]

Completion of Solar Power Generation System Donated by MHI

On December 17 a ceremony to celebrate the completion of a solar power generation system donated by Mitsubishi Heavy Industries, Ltd. (MHI) took place at the Dong Anh-Okinawa Economic and Cultural Exchange Center (DOWACEN) in Hanoi, a facility that also provides Japanese language teaching. MHI donated the system, which consists of tandem-type photovoltaic (PV) modules […]

Nordex USA wins 41 MW order for Iowa wind farm

Nordex USA announced an order with wind farm developer RPM Access for a 41 Megawatt wind farm in Delaware County Iowa, just weeks after finalizing a 75 Megawatt order with EverPower Wind Holdings.

UK electricity market reform announced

The proposals for reforming the UK electricity market to include more low-carbon and renewable energy have been announced by the Department of Energy and Climate Change (DECC).

SunPower closes €195.2m bond for Italian solar power plant

SunPower Corp has closed its €195.2 million solar bond issuance associated with the company’s 44 MW Montalto di Castro solar park in Italy.