statoil

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. 

Hywind Scotland, the first floating wind farm in the world, has started to deliver electricity to the Scottish grid. The First Minister of Scotland, Nicola Sturgeon, officially opened the wind farm. The 30-MW wind farm, operated by Statoil in partnership with Masdar, is located 25 kilometers offshore Peterhead in Aberdeenshire, Scotland and will power approximately…

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.

Wind turbines on floating foundations have significant advantages over those rammed into sea floors.

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.

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…

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…

Statoil has given Lloyd’s Register Energy a contract to perform a risk and emergency preparedness analysis for the Hywind Scotland pilot park project. “We are delighted to support Statoil with our risk management and hazard expertise in this industry-leading project,” says Arve Sandve, Business Development Manager at Lloyd’s Register Consulting. The Norwegian international energy company plans…

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…