News
BP has no plans to raise annual investments this decade-CEO
By Caroline Stauffer, Luc Cohen and Juliana Castilla BUENOS AIRES (Reuters) – BP does not plan to increase annual investments this decade but still expects to bring nine new projects online in 2017 as it focuses on improving efficiency, Chief Executive Bob Dudley said in an interview on Wednesday. D
Gallery: Port of Koper Gets New RTG Cranes
Slovenian Port of Koper welcomed three new Electrification – Rubber Tyred Gantry (RTG) cranes on September 10, 2016. Made by the Finnish crane manufacturer Konecranes, the RTG cranes were assembled in Split, Croatia, and transported by a 90-meter barge to Koper. Each 142-tonne crane uses electricity
Mark Wahlberg’s ‘Deepwater Horizon’ hits Toronto
“Deepwater Horizon” focuses on the hours before and after the rig explosion on April 20, 2010
Ophir Energy: Fortuna FLNG “technically ready” for FID
London-based Ophir Energy on Thursday said its Fortuna FLNG project in Equatorial Guinea is moving forward and the project is “technically ready” for a final investment decision. “The upstream portion of the value chain is technically ready to FID and the downstream, offtake portion is ready for a f
IEA: global investment in energy declines
Global investment into energy systems dropped by 8 percent in 2015 reaching US$1.8 trillion, down from $2 trillion in 2014, the International Energy Agency said in its first World Energy Investment report.
Palfinger’s New Blade Access System to Debut at Thornton Bank OWFs
Palfinger Marine has secured the first order for its newly introduced Palfinger Blade Access (PBA) system with Senvion, which will use it at the Thornton Bank I, II and III offshore wind farms in Belgium. Dirk Reinhold, Head of Maintenance at Senvion, said: “Safe effective maintenance work on the ro
Insights from the Africa Energy Forum 2016
By Brendan Harmse Commercial Director Trust Corporate Services at TMF Group African countries are increasingly looking to private investors as they grow their ability to produce electricity, liberalizing their energy sectors to support investor participation. Public sector and utilities handled most
No Kraken stake for Israel’s Delek
Israeli energy firm Delek Group will not be taking a share in the UK North Sea Kraken development after the negotiations with EnQuest fell through. To remind, On July 18, EnQuest announced that it was in discussions with Delek with regard to the potential sale to Delek of an interest in the Kraken d
Gazprom ups gas exports to France
Russian gas giant Gazprom said it has increased its natural gas exports to France. From January 1 to September 13, Gazprom supplied 8 billion cubic meters of gas to France, which was 27.3% higher than in the same period last year, Gazprom said in its statement. Gazprom’s CEO Alexey Miller paid a vis
Central Gulf of Mexico acreage up for grabs in March 2017
The U.S. Bureau of Ocean Energy Management (BOEM) will offer approximately 47 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Central Planning Area. BOEM said on Wednesday tha
FortisBC allowed to up natural gas rates
FortisBC the owner and operator of the only two LNG facilities in British Columbia, recently received approval from the BC Utilities Commission to modify natural gas rates.
Sunken HMS Terror Found in Canadian Arctic
A part of the lost Franklin Expedition, HMS Terror vessel, has been found in the Canadian Arctic. The expedition was a British voyage of Arctic exploration led by Captain Sir John Franklin aboard two ships, HMS Erebus and HMS Terror. The whole expedition, which was meant to traverse the last unnavig
Petrofac Hired to Design EA1 OSS Substructure
Iberdrola Engineering and Construction UK Limited (IEC) has contracted Petrofac to design the offshore substation jacket foundation for the East Anglia ONE (EA1) offshore wind farm in tandem with IEC as it executes the topsides design. This is Petrofac’s second project on the EA1 project, with its P
Petrofac Hired to Design EA1 OSS Substructure
Iberdrola Engineering and Construction UK Limited (IEC) has contracted Petrofac to design the offshore substation jacket foundation for the East Anglia ONE (EA1) offshore wind farm in tandem with IEC as it executes the topsides design. This is Petrofac’s second project on the EA1 project, with its P