Eni starts wave power energy generation at the Ravenna offshore site

by Timothy Reeder | Jul 15, 2019 | News

Eni has successfully installed and activated the Inertial Sea Wave Energy Converter (ISWEC) production unit, capable of converting energy generated by waves into electricity and adapting to different sea conditions, so as to guarantee a high continuity in energy...

Equinor to develop floating offshore wind project in South Korea

by Timothy Reeder | Jul 15, 2019 | News

Equinor, Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) have formed a consortium to develop the floating offshore wind project Donghae 1 off Ulsan in South Korea. The consortium is currently launching the development of...

Total Divests Assets in the UK to Petrogas

by Timothy Reeder | Jul 15, 2019 | News

Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding. Petrogas has partnered with Norway-based private equity investor HitecVision. Formerly owned by...

Gazprom opens engineering branch in Vladivostok

by Timothy Reeder | Jul 5, 2019 | News

An opening ceremony for the Far Eastern branch of Gazprom 335 took place today on Russky Island in Vladivostok. The branch is a specialized engineering unit that will implement the projects of the Gazprom Group focused on offshore hydrocarbon production and on gas...

Total Starts Up the La Mède Biorefinery

by Timothy Reeder | Jul 3, 2019 | News

Total has started up production at the La Mède biorefinery in southeastern France, with the first batches of biofuel coming off the line. It is the final step in converting a former oil refinery into a new energies complex. Launched in 2015, the project represents a...