-
ABB, Ericsson to Optimize Cloud Data Center Management
Houston, United States, March 3, 2015 – ABB, the leading power and automation technology group…
-
Flinders Island Next Off-grid Community to go Renewable
The Australian Renewable Energy Agency (ARENA) today announced $5.5 million support…
-
New Standard Energy Impacted by Low Oil Price
New Standard Energy Limited provides an update on its active management of the Company’s…
-
Technip to Supply Flexible Pipes for Lula Alto Pre-salt Field
Technip was awarded a major(1) contract from Tupi BV, a consortium composed of Petrobras…
-
ABB to Invest $30 mi in Memphis Expansion
ABB will invest $30 million in building a new manufacturing site and expanding its…
-
Suitors Queue for Morgan Stanley's Madrilena Red de Gas
Three consortia have entered the second round in the race for Spanish gas distributor Madrilena Red de Gas, majority owned by Morgan Stanley…
-
Gulf of Mexico Oil Production on the Rise
Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected…
-
Uruguay to Pay Venezuela for Some Oil with Goods
OPEC member Venezuela said on Tuesday it has modified a deal with beef-exporting Uruguay to allow it to pay for oil with goods and services…
Latest news
-
UK Firm on RWE North Sea Deal
Britain will not back down over its opposition to Russian tycoon Mikhail Fridman's purchase of North Sea gas licences having…
-
Lukoil May Exit West Africa
Russia's Lukoil oil company may leave almost all of its projects in West Africa as it has made no large discoveries there…
-
Exxon: Oil & Gas Output to Rise through 2017
Exxon Mobil Corp said on Wednesday its oil and gas output would rise 2 percent this year and 3 percent in each of the following…
-
Seadrill: Rig Rates Have Not Bottomed
The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief…
-
Wintershall Replaces Statoil as Vega Field Operator
Wintershall, the oil and gas arm of chemicals group BASF, has taken over as operator of the North Sea Vega oil and gas field from Norway's Statoil…
-
Subsea 7 Axes Dividend, Sees Decline in 2015
Shares down 2.6 percent. Oil services company Subsea 7 swung to a surprise fourth-quarter operating loss and has suspended…
-
Mexico Braces for Low Prices, Falling Output
Falling oil production remains the most important risk to Mexico's economy this year and may force the government to tighten…
-
Oil Above $60, Saudis See Stability
Saudi oil minister says market will balance. Brent crude oil steadied above $60 a barrel on Wednesday after Saudi Arabia's…
-
Oil Hedge helps Oando Prepay ConocoPhillips' Deal Debt
Nigerian energy company Oando Plc has prepaid $238 million out of the $900 million it borrowed to part finance the acquisition…
-
EU Carbon Market Reforms Likely by July
Member state disagreements over start can be overcome. Reforms aimed at raising prices on Europe's carbon market are likely…
-
Brazil Plans Oil-rights Auction in Second Half
Brazil plans to hold its 13th round auction of oil and natural gas exploration and production rights in the second half of 2015…
-
Oil Hedge Helps Oando Prepay Debt After ConocoPhillips' Nigerian Deal
Oando Plc has prepaid $238 million out of the $753 million it borrowed to part finance the acquisition of ConocoPhillips'…
Offshore Oil & Gas
-
Environmentalists Cite Shell Lease in Seattle Port Suit
A coalition of environmental groups sued the Port of Seattle on Monday to stop the lease of a terminal to Royal Dutch Shell…
-
BoE Warns Insurers of Fossil Fuel 'hit'
BoE: fossil fuel investors must assess value of reserves. Insurers may face a "huge hit" if they end up being wrongfooted…
-
Nabors Reports Q4 Loss as Drilling Slows
Onshore and offshore driller Nabors Industries Ltd swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices.
Shale Oil & Gas
-
Canadian Oil Imports to US Gulf Rise on Pipeline Startups
The December startup of two major pipelines that move Canadian heavy crude to the United States helped increase U.S. Gulf…
-
Anadarko Petroleum Cuts '15 CapEx By a Third
Anadarko Petroleum Corp said on Tuesday it will reduce spending by about 33 percent this year, as the exploration and production…
-
Amid Nuclear Dispute, Israel and Iran Face Off Over Past Oil Ties
As Israel loudly and publicly denounces Iran and its nuclear programme this week, the two countries are quietly tussling…
LNG
-
Glencore 2014 Profit Falls on Commodity Prices
Glencore took an impairment charge of $1.1 billion on lower commodity prices on Tuesday as the miner and commodity trader…
-
Venezuela Uses 'F Word' to Discredit Fracking
Venezuela is not mincing words with a new exhibition titled "F---ing Fracking" that denounces the environmental toll of hydraulic…
-
Eniram to Provide Boil-off Management for LNG Sector
Eniram Limited, the Finnish provider of energy management technology and data analytic services to the shipping industry…
Renewables
-
EU Haggles over Carbon Market Reform
A compromise date of the very end of 2018 for reform of the EU Emissions Trading System (ETS) has run into opposition from some legislators…
-
Offshore Energy Course Earns RTN Recognition
Leading the way for client representative training in offshore renewables industry . An operational offshore energy course…
-
Global CO2 Emissions to Grow at Slightly Slower Rate
Global carbon emissions from energy use will grow at 25 percent between 2013 and 2035, a slightly slower rate than previously estimated…
Technology
-
Keppel FELS to Deliver 100th Jackup Rig
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) is on track to deliver PV Drilling VI, a KFELS B Class jackup rig…
-
ST Engineering Y-O-Y Profits Slip
Singapore Technologies Engineering Ltd reported today its full year financial results ended 31 December 2014 (FY2014) with…
-
Small-Bore Tubing System Solutions for Offshore Enviroments
At OTC 2015, Parker will unveil new solutions for building tubing systems capable of meeting the immense challenges posed…
Legislation
-
Tensions Flare at Refinery Picket Lines
Personal friendships are turning sour as some workers cross picket lines in the lingering U.S. refinery strike, with companies…
-
Petrobras' Divestment Plan Review
Petrobras announces that its Executive Directorate, in a meeting held on 26.02.2015 approved the divestment plan review for…
-
DLA Piper to Merge with Canada's Davis LLP
Law firm DLA Piper is expanding into Canada, merging with Davis LLP, the two firms said in a release on Monday. Davis, which…
