renewable energy

Statoil selected the name “Empire Wind” for its offshore wind site located off the southern coast of Long Island, New York. The company also recently stepped into solar power in Brazil.

The world still needs oil and gas, but it is also making room for renewable energy which will change how upstream companies do business.

Shell invested in a Singapore solar company and signed an agreement to purchase a Texas company with solar and other renewable assets. Along with its minority stake in a company that uses solar to generate steam for EOR in the Middle East, Shell catches some rays in the Asia Pacific, US, and Oman.

In thermal enhanced oil recovery there is one big ingredient: steam. A new startup from Germany believes it has found the oil industry’s cheapest way to make it.

A Canadian research organization believes the country’s oilfield technology could help another energy sector drive down its costs and it may work out for heavy oil producers too.

The top US wind power official told the offshore upstream sector that it can help build “smaller, leaner, and cheaper" wind turbine farms.

Renewable energy is often framed as being at odds with the oil and gas industry, but new price developments in the wind and solar sectors may be changing this paradigm, according to one US energy expert.

Fossil fuels will probably be at the forefront of energy and environmental policy under the new Trump Administration, says Charles D. McConnell, executive director of Rice University’s Energy and Environment Initiative, at a talk hosted by the Norwegian Consulate General in Houston.

Compared to oil in the ground, the sun looks like a limitless energy source. Making comparisons of the two by calculating the equivalent of barrels of reserves for a solar project seems like an odd notion, but experts say it can and should be done.

The renewable energy sector is showing strong global growth, especially wind and solar power, but oil shows no sign of losing market share in the global energy mix.