The board of directors at energy company, Statoil, has proposed to change the company name to Equinor. The name change supports the company’s strategy and development as a broad energy company. The name Equinor is formed by combining “equi,” the starting point for words such as equal, equality, and equilibrium. “Nor” is intended to represent the company’s…

Statoil has signed an agreement with Polenergia to acquire a 50% interest in the two early phase offshore wind development projects in Poland, Bałtyk Środkowy III (BSIII) and Bałtyk Środkowy II (BSII). The two projects have a planned capacity of 1200 MW with the potential to power more than 2 million Polish households. Statoil is…

Hywind Scotland, the world’s first floating wind farm, will next year be equipped with a battery to store power from the wind farm. The purpose is to “teach” the battery when to hold back and store electricity, and when send power to the grid, thereby increasing value of the power. Statoil now has awarded a…

Statoil is in the early stages of developing the offshore wind farm with the potential to provide New York City and Long Island with a significant, long-term source of renewable electricity. 

Statoil and Statkraft has completed their previously announced transaction, whereby Statoil increases its share in the Dogger Bank offshore wind development of an additional 12.5% stake, taking Statoil’s share to 37.5%. The Dogger Bank offshore wind development comprises four projects developed by the Forewind consortium, which were granted planning permission during 2015. The projects are…

Statoil will now have the opportunity to explore the potential development of an offshore wind farm in the lease area to provide New York with a significant, long-term source of clean and renewable electricity.

Statoil’s record offshore wind lease bid gives it access to the high-load New York market for its first U.S. project but a power purchase agreement will require state support due to the large capacity size and nascent installation network.

Statoil is an integrated, technology-based international energy company primarily focused on upstream oil and gas operations.

STATOIL’S BATTERY-STORAGE PILOT at the Hywind offshore wind farm presents value beyond the immediate business benefits for the farm.

Petrofac Training Services has been awarded a contract for training and emergency response services with energy developer, Statoil (U.K.) Limited. In the new five-year training partnership, Petrofac will provide a wide range of HSE (health safety and environment) services, including survival, fire, and marine training. The training will help support Statoil’s personnel working on the Hywind…

Statoil and Statkraft have signed a letter of intent that Statoil takes over as operator of the Sheringham Shoal Offshore Wind Farm from January 2017. Statoil will also through this deal increase its share in the Dogger Bank projects. Sheringham Shoal is one of the world’s 10 largest producing offshore wind farms providing renewable energy…

Statoil will monitor the condition of the Hywind turbine using the EmPower system, and evaluate its functionality to discover early signs of fault, and calculate remaining lifetime for main components.

A new battery storage solution for offshore wind energy will be piloted at the world’s first floating wind farm, the Hywind pilot park off the coast of Peterhead in Aberdeenshire, Scotland. Batwind will be developed in co-operation with Scottish universities and suppliers, under a new Memorandum of Understanding (MoU) signed in Edinburgh on March 18…

Statoil Energy Ventures announced that it has invested 3 million in United Wind, a provider of small and distributed wind-power leasing solutions. This is the first investment by Statoil Energy Ventures, which is the company’s new 200 million venture capital fund dedicated to investing in attractive and ambitious growth renewable energy companies. “Today’s investment in United…

Editor’s Note: The National Renewable Energy Laboratory (NREL) is collaborating with Norway company, Statoil, for the development of what could be the world’s first multi-turbine floating offshore wind structure. The following article, written by Sheri Anstedt, provides more details and is reprinted with permission from the NREL.   A recent study performed by the National Wind…

Offshore wind developer Statoil has changed up their corporate structure and created a new renewable energy division with the intent to grow its low-carbon portfolio. The New Energy Solutions (NES) business area will first focus on the company’s offshore wind portfolio and will eventually expand into other renewables. According to a recent announcement from Statoil, establishing…

By Maxime Toulotte, head of technical marketing, Nexans Subsea and Land Systems business group (SLS) Offshore wind is enjoying a boom time, contributing more and more to the global energy transition with smarter operations and more powerful wind turbines. Europe is still the largest market, accounting for nearly 80% of global offshore wind capacity, while…

  History can offer hindsight and wisdom to present-day circumstances. The slow, but sure-moving U.S. offshore wind industry is one example. Although much of the sector is looking to Europe and the UK for experience and lessons learned, we can also look in our own backyard. Case in point: Cape Wind. Remember the controversial project,…

The capacity of offshore wind energy in Europe grew by 18% last year, which means the United States has a lot of catching up to do. Although the U.S. offshore wind industry is in no competition with Europe, it does hold the promise of significant environmental and economic benefits for the country. And the thriving…

A highly-competitive auction for three offshore wind lease areas off the coast of Massachusetts concluded today with winning bids totaling a record-breaking $405 million dollars from Equinor; Mayflower Wind Energy, a joint venture between Royal Dutch Shell and EDP Renewables; and Vineyard Wind. A total of 11 companies participated in the auction, including global leaders…