The 500-kilovolt Skagerrak 4 HVDC Light® link between Norway and Denmark's Jutland peninsula boosts integration of renewable powerZurich, Switzerland, January 12, 2015 – ABB, the leading power and automation technology group, successfully…
Eagle Bay, the second of two new U.S.-flag crude oil tankers for Exxon Mobil Corporation’s marine affiliate SeaRiver Maritime, Inc., was named at a ceremony at Aker Philadelphia Shipyard. The first-in-class vessel constructed at the shipyard incorporates the latest safety…
Wireline Engineering has been shortlisted for an Offshore Achievement Award in the Export Achievement category. The shortlisting recognizes Wireline Engineering’s business growth resulting from successful export activity in the oil and gas and energy sector…
Sound Oil, the European / Mediterranean focused upstream oil and gas company, has provided an update on 2014 production. Total production for calendar year 2014 from the onshore Rapagnano and Casa Tiberi gas fields in Italy was 4.44 MMScm (156…
Liquefied Natural Gas Limited wishes to provide an update on the status of Information Requests from the United States Federal Energy Regulatory Commission (FERC) in relation to the Company’s wholly owned subsidiary, Magnolia LNG LLC (MLNG)…
The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG) industry; a strategy that builds upon the advantages that the expanded Canal will offer…
In May 2014 Odfjell SE announced a review of all aspects of our business model in order to improve our financial results through a more competitive cost structure.The Board has today approved a restructuring plan which, fully implemented…
Some of the world’s largest oil traders are reportedly hiring supertankers in a possible attempt to stockpile oil supplies following the plunge in world prices. Trading firms including Vitol, Trafigura and energy major Shell have all booked crude tankers for up to 12 months…
Brazil's Petrobras has asked contractors implicated in a kickback scheme with the state-run oil company to admit guilt and pay damages in return for lifting a ban on bidding for future contracts, Estado de S.Paulo reported on Saturday.The move is the latest example of how Petroleo Brasileiro…
BP Plc and Anadarko Petroleum Corp narrowly failed to persuade a U.S appeals court to reconsider its 2014 ruling that they could face civil fines under federal pollution laws over the 2010 Gulf of Mexico oil spill.By a 7-6 vote, the 5th U…
Victims of the Lac-Megantic oil-by-rail disaster that killed 47 people in the Canadian province of Quebec in 2013 agreed to a nearly $200 million settlement from Montreal Maine and Atlantic Canada Co and its U.S.-based parent company, a lawyer for the victims said in a statement on Friday…
Nebraska's Supreme Court ruled against a challenge to the Keystone XL oil pipeline's route through the state on Friday, clearing the way for the Republican-controlled U.S. Congress to try to force President Barack Obama to approve the project…
Venezuela's petroleum export basket dropped to $42.44 per barrel this week from $47.05 last week to reach a 5-1/2-year low, the Petroleum Ministry said on Friday.The South American OPEC member's basket, which includes crude oil and refined products…
Canbank Venture Capital Fund Limited (CVCFL) has picked up approx 5% minority Equity stake in Anand Teknow Aids Engineering India Ltd, a Rs 300 crore closely held Public Limited company manufacturing hi-tech, engineering products for the Oil & Gas sector in India & Gulf…
Petrobras announced results of drilling well 9-SES-188D (Petrobras nomenclature) / 9-BRSA-1280D-SES (ANP nomenclature), located at concession area BM-SEAL-11, in block SEAL-M-426, in Sergipe Basin ultra-deep waters.The results confirm…
