News Archive for Oil and Gas News

Statoil increases its presence in Indonesia

Statoil has farmed in to three offshore exploration licenses in Indonesia, significantly expanding the presence in the country. Read more…

Tullow to enhance Dutch portfolio through acquisition of Nuon E&P

Tullow Oil plc (Tullow) announces that it has entered into an agreement to acquire Nuon Exploration and Production (Nuon E&P) for a cash consideration of €300 million from the Vattenfall Group. Read more…

TGS expands 3D multi-client seismic data library in the Barents Sea

TGS commences the acquisition of multi-client 3D seismic data in the Hoop Fault Complex area of the Barents Sea. This survey is an extension of the previously announced Hoop Fault Complex survey and will add 1,800 km2 to the existing data in the area. Approximately 500 km2 of the survey are infill in the Northern area of the 2009 survey and the remaining 1,300 kmare an extension to the east of the 2009 survey area.  TGS is very pleased with the historical client response to the coverage in this new exploration province.  Blocks have been awarded in the survey area during the last two rounds and with the 2011 acquisition, TGS will be able to provide extended coverage for future rounds. Read more…

Giant delivery for world’s largest wind farm as first GE turbines arrive

Work on the world’s largest wind project is well under way as the first wind turbines have arrived at the Shepherds Flat site in Oregon, GE (NYSE: GE) reported today at the American Wind Energy Association’s (AWEA) Windpower 2011 Conference & Exhibition. More than 200 GE wind turbines are expected to arrive at the site before the end of this year, with the remaining units to be shipped in 2012. Shepherds Flat will be the first project in the United States to use GE’s 2.5-100 wind turbines, which have logged more than 2.3 million operating hours in Europe and Asia. Read more…

Satcon achieves #1 position in North American solar inverter market for Q1 2011

Satcon Technology Corporation® (NASDAQ CM: SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, today announced that it has achieved the number one position in market share for the North American solar inverter market. The data, published in IMS Research’s Q1 2011 PV Inverter Quarterly Market Tracker Report, shows that Satcon shipped the most total megawatts of any inverter manufacturer in the Americas in Q1 2011. Read more…

Timken unveils UltraWind P1 seal for wind turbine applications

The Timken Company (NYSE: TKR) continues to expand its comprehensive line of wind-energy products and solutions with the introduction of the Timken® UltraWind P1 Seal, a breakthrough wind-turbine bearing seal with a polyurethane design that provides increased resistance to abrasion for longer wind-turbine service life and more robust performance than most other commonly used sealing materials. Timken is introducing the new seal this week at the American Wind Energy Association’s Windpower 2011 Conference and Exposition in Anaheim, Calif. Read more…

Siemens to open U.S. wind service distribution center in Woodward, Oklahoma

With a continued strategic focus on providing increased efficiency to its wind power customers, Siemens Energy today announced plans for implementation of new wind service warehousing operations in Woodward, Oklahoma. Construction of two facilities will begin this month and is expected to be completed by the end of 2011. With a total of 64,000 square feet, the combined main component, tooling and spare parts facilities will be Siemens’ largest wind power service distribution center to date in the U.S. The geographic location of the primary distribution complex will provide customers with reduced delivery time and greater parts availability, and serve as a hub for wind energy main components and parts, including wind turbine blades, drive assemblies and generators. Over the next five years, the company expects to create up to 40 “green-collar” jobs at the facility. Read more…

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