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Oil / Energy

Releases published in the last 30 days. RSS 0.91 Feed

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Evonik and Siemens to Generate High-Value Specialty Chemicals from Carbon Dioxide and Eco-Electricity
Evonik and Siemens to Generate High-Value Specialty Chemicals from Carbon Dioxide and Eco-Electricity
1/19/2018 10:04:53 AM
Evonik and Siemens are planning to use electricity from renewable sources and bacteria to convert carbon dioxide (CO2) into specialty chemicals. The two companies are working on electrolysis and fermentation processes in a joint research project called Rheticus.
Nike Takes Steps Toward 100% Renewable Energy in North America
Nike Takes Steps Toward 100% Renewable Energy in North America
1/19/2018 7:30:33 AM
Nike announced that it has signed its second major wind contract with Avangrid Renewables — this time for 86 megawatts of Texas wind power. “This agreement enables us to source 100 percent renewable energy across our owned or operated facilities in North America,” says Hannah Jones, Chief Sustainability Officer and VP of the Innovation Accelerator for Nike.
Nissan LEAF technology to be used in electric bus test in Japan
Nissan LEAF technology to be used in electric bus test in Japan
1/19/2018 6:21:07 AM
Technology developed by Nissan for the 100% electric Nissan LEAF will be used in an electric bus project that starts testing next month in Japan, with the goal of making zero-emission public transit more widespread and affordable.
GE Signs over $330M in Deals with Macquarie Capital - Techint Consortium to Provide Total Plant Services Solution for the Norte III Power Plant in Mexico
GE Signs over $330M in Deals with Macquarie Capital - Techint Consortium to Provide Total Plant Services Solution for the Norte III Power Plant in Mexico
1/18/2018 1:53:50 PM
Aligning with Mexico’s Ministry of Energy’s National Electric System Development Program (PRODESEN) 2017-2030 plan,  GE’s Power Services business  (NYSE: GE) signed long-term agreements with a consortium formed by  Macquarie  Capital and Techint valued at approximately over $330M.
Yemen still starved of food and fuel after month-long suspension of blockade
Yemen still starved of food and fuel after month-long suspension of blockade
1/18/2018 6:15:48 AM
Despite last month’s temporary lifting of the Saudi led-coalition blockade of Yemen’s northern ports, in the past three and a half weeks only 18 per cent of the country’s monthly fuel needs and just over half its monthly food needs have been imported through these ports, Oxfam said.  These ports provide most of the goods the country needs to import with 80 per cent of all …
Contract for improved recovery on Johan Sverdrup
Contract for improved recovery on Johan Sverdrup
1/17/2018 1:53:49 PM
Statoil awards a contract to Alcatel Submarine Networks for Permanent reservoir monitoring (PRM) on the Johan Sverdrup field.  The seismic technology – a potential digital enabler for the field – will be a key contributor to delivering on Johan Sverdrup’s 70 percent recovery ambition.
Statoil awarded new production licences on the Norwegian Continental Shelf
Statoil awarded new production licences on the Norwegian Continental Shelf
1/17/2018 1:30:30 PM
“The NCS is the core of Statoil’s business, and we are pleased with the awards in the 2017 APA round. Licenses awarded through the APA-rounds give access to acreage that can provide important resources.
As freezing temperatures continue, Piedmont Natural Gas announces $100,000 donation to Share the Warmth
As freezing temperatures continue, Piedmont Natural Gas announces $100,000 donation to Share the Warmth
1/17/2018 1:23:17 PM
Piedmont Natural Gas today announced a $100,000 grant to its Share the Warmth program in an effort to help low-income households in North Carolina, South Carolina and Tennessee.
Deepwater Horizon claims facility approaches closure; BP to take $1.7 billion post-tax non-operating charge
Deepwater Horizon claims facility approaches closure; BP to take $1.7 billion post-tax non-operating charge
1/17/2018 1:20:03 PM
Charge covered within existing financial framework The Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement is winding down. BP now expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results for the remaining Business Economic Loss (BEL) and other claims associated …
ADNOC to Expand Carbon Capture, Use & Storage Technology to Reduce Environmental Footprint and Enhance Oil Recovery
ADNOC to Expand Carbon Capture, Use & Storage Technology to Reduce Environmental Footprint and Enhance Oil Recovery
1/17/2018 1:18:31 PM
The Abu Dhabi National Oil Company (ADNOC) is planning to significantly expand its use of Carbon Capture, Use and Storage (CCUS) technology to meet a six-fold increase in the utilization of CO2, for Enhanced Oil Recovery (EOR), over the next 10 years.
GE’s On-Schedule Completion of Japan’s Largest Ever Gas Turbine Upgrade Project to Help TEPCO Save $71 Million Annually on Fuel Costs
GE’s On-Schedule Completion of Japan’s Largest Ever Gas Turbine Upgrade Project to Help TEPCO Save $71 Million Annually on Fuel Costs
1/16/2018 10:05:06 AM
–  GE’s Power Services business  (NYSE: GE) announced today that its largest ever flange-to-flange (F2F) replacement project in Japan was successfully completed on time at Block 7 and Block 8 of TEPCO Fuel & Power’s (TEPCO) Yokohama power plant in Japan, and is expected to save approximately $71 million in annual fuel costs.
Praxair Expands Hydrogen Supply to Motiva Port Arthur, Texas Refinery
Praxair Expands Hydrogen Supply to Motiva Port Arthur, Texas Refinery
1/16/2018 9:30:39 AM
Praxair, Inc. (NYSE:PX) has expanded its long-term hydrogen supply agreement with Motiva Enterprises LLC. Under this new agreement, Praxair will increase the amount of hydrogen it supplies to Motiva’s approximately 600,000 barrel per day refinery in Port Arthur, Texas.
Detroit Auto Show - NAIAS 2018
Detroit Auto Show - NAIAS 2018
1/16/2018 8:12:50 AM
• One year after its debut, Bosch’s eAxle has achieved significant momentum. • Bosch’s braking and steering solutions will make automated driving a reality.
WWF response to Sanchi oil tanker collision
WWF response to Sanchi oil tanker collision
1/15/2018 12:55:22 PM
In response to the Sanchi oil tanker sinking in the East China Sea, Ghislaine LLewellyn, Deputy Director of WWF’s Ocean Practice, said: “WWF thoughts are with the families of those tragically killed in the Sanchi oil tanker collision.
INEOS launches six new oil and gas businesses
INEOS launches six new oil and gas businesses
1/15/2018 12:50:37 PM
• INEOS Oil and Gas is creating six new businesses. These businesses have been created following the company’s extraordinary 2017 growth. The changes will allow each business to focus on its core activities, providing better decision making and more transparent financial reporting.
Saudi Aramco Showcases Innovative Technologies and Initiatives at ADSW 2018
Saudi Aramco Showcases Innovative Technologies and Initiatives at ADSW 2018
1/15/2018 12:23:58 PM
Saudi Aramco, alongside other 13 Saudi entities, is participating in Abu Dhabi Sustainability Week 2018 in the UAE on January 13 – 20, 2018. The Saudi participation in the event is led by the Ministry of Energy, Industry, and Mineral Resources, where high-profile Saudi organizations are showcasing sustainability-related initiatives and technologies at the Saudi Pavilion.
Shell announces redevelopment of Penguins field in UK North Sea
Shell announces redevelopment of Penguins field in UK North Sea
1/15/2018 12:19:56 PM
The decision authorises the construction of a floating production, storage and offloading (FPSO) vessel, the first new manned installation for Shell in the northern North Sea in almost 30 years.
ADNOC Acquires Remaining 49% Share of CCUS Pioneer Al Reyadah
ADNOC Acquires Remaining 49% Share of CCUS Pioneer Al Reyadah
1/15/2018 12:17:00 PM
The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Masdar, Abu Dhabi Future Energy Company to acquire its 49 per cent share in Al Reyadah, a carbon solutions and utilization business.  The deal makes ADNOC the sole shareholder in Al Reyadah and enables the full integration of the company into ADNOC’s upstream company, ADNOC Onshore.  Since late …
Petrobras And Total Complete The Transfer Of Rights In The Lapa And Iara Concessions, As Part Of Their Strategic Alliance
Petrobras And Total Complete The Transfer Of Rights In The Lapa And Iara Concessions, As Part Of Their Strategic Alliance
1/15/2018 12:08:13 PM
Petrobras and Total announce today that they have finalized a decisive milestone in the realization of their Strategic Alliance, signed in March 2017, with the completion of the following transactions: Transfer from Petrobras to Total of 35% of the rights, as well as the operatorship, of the Lapa field in Block BM-S-9A in the Santos Basin pre-salt, alongside Shell (30%), …
Voith signs contract for Henan Tianchi pumped storage plant
Voith signs contract for Henan Tianchi pumped storage plant
1/15/2018 7:02:58 AM
In December 2017, Henan Tianchi Pumped Storage Co., Ltd. (Tianchi PSP) and Voith Hydro Shanghai Co., Ltd. (VHS) signed a contract to purchase equipment at the Henan Tianchi pumped storage plant site.