Statoil

Statoil installing intelligent battery system named ‘Batwind’ for world’s first floating wind farm

Batwind battery will make decisions based upon real-time data to determine when to hold electricity, when to send to grid Hywind Scotland, the world’s first floating wind farm, will install a 1MW battery system called “Batwind” that it hopes will maximize the value of the project’s electricity, according to a press release from project owner Statoil. “As part […]

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Trump leads resurgence of fossil fuel Fossils, but their cause is doomed

Embracing energy transition will give first movers like Saudi Arabia significant head start The election of Donald Trump has emboldened climate change opponents – fossil fuel Fossils, if you will. Unfortunately for the American President, he and his energy booster buddies – including his many fellow travellers in Alberta like Brian Jean and Jason Kenney – are

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Exxon Mobil to extend Norway’s Sigyn field lifetime until end-2022

Exxon holds 40 per cent stake in Sigyn field OSLO, Feb 24 (Reuters) – Norway’s Petroleum Safety Authority has granted consent to operator Exxon Mobil to extend the lifetime of its Sigyn field offshore Norway until end-2022, the safety watchdog said on Friday. The gas and condensate field around 12 kilometres south-east of the Statoil-operated Sleipner

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Limited long-term impact from potential OPEC supply cut: Statoil chief economist

OPEC supply cut will have little impact on over-supply  By Alissa de Carbonnel BRUSSELS, Nov 21 (Reuters) – The boost to oil prices from any potential OPEC agreement to curb supply when it meets next week will have only a short-term impact, Statoil‘s chief economist said on Monday. Oil prices rose to their highest in

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