Algeria’s state oil company, Sonatrach, and Italy’s drilling services company, Saipem, have reached an “amicable” settlement of their mutual differences on a number of contracts, putting an end to ongoing litigations.
Turkish energy minister Berat Albayrak said Thursday the Trans-Anatolian Natural Gas Pipeline (TANAP) will be commissioned before July, as part of the $45 billion Southern Gas Corridor (SGC) which will transport Azeri gas to Europe, Kallanish Energy learns.
Siemens Gamesa Renewable Energy (SGRE) unveiled Thursday its three-year strategic plan to become a global leader in renewables development, setting a €2 billion ($2.5 billion) savings target by 2020, Kallanish Energy reports.
Danish renewable energy company Orsted said Wednesday it’s chosen Siemens Gamesa Renewable Energy (SGRE) to provide wind turbines for what’s considered the world’s largest offshore wind farm, the 1,400-megawatt Hornsea Project Two.
Despite a record-breaking year for wind power capacity installation and project sanctioning, Europe is still dealing with an uncertain outlook for the future of wind industry, trade-body WindEurope said on Tuesday.
Europe reached another record year for wind power in 2017, with new deployments growing 20% year-on-year, as further cost reductions and increased competition in auctions gave investors more capacity for less cash.