News

  • GE Renewable Energy Secures 5-Year FSA with Naturgy in Spain

    GE Renewable Energy has announced that it has been selected by Naturgy to provide a five-year full-service agreement (FSA) for the La Rabia Wind Farm in Spain. The wind farm includes 13 Eco-80 turbines.   GE will be providing full preventive and corrective maintenance tasks…

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  • 2020 global upstream investments set for 15-year low

    Global upstream spending is now forecasted to reach US$383 billion this year, the lowest level in 15 years and a staggering 29% decrease of US$156 billion compared with 2019, Rystad Energy analysis shows following publication of the industry’s first quarter results.   With 2019’s upstream…

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  • Kuwait Ceases Hiring Foreign Workers for Oil Industry

    Kuwait will no longer hire expatriates for jobs in its oil sector as the OPEC member moves to reduce the number of foreigners in the country.   Non-Kuwaiti nationals won’t be hired at Kuwait Petroleum Corporation, the main state-run energy producer, and its subsidiaries for…

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  • CNOOC kicks off production from oilfield offshore China

    Chinese oil and gas company CNOOC Limited has started production from the Qinhuangdao 33-1S oilfield phase I project, located offshore China.   Qinhuangdao 33-1S oilfield is located in central and western Bohai with an average water depth of 21 metres.   It is one of…

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  • Petrofac to support North Sea Acorn gas-hydrogen options

    Petrofac’s Engineering and Production Services business will support Pale Blue Dot Energy on two projects in north-east Scotland involving carbon capture and storage (CCS) and conversion of North Sea gas to hydrogen.   The company’s full work scope comprises provision of project management systems and…

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  • Siemens HVDC power bridge will connect Crete with mainland Greece

    A consortium led by Siemens Gas and Power (Siemens Energy) has been awarded a turnkey contract for two converter stations for the Greek high-voltage direct-current (HVDC) link which will connect Crete, Greece’s largest and most populous island, with the mainland of Greece.   The project…

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  • Senex completes Surat gas development project

    Senex Energy Ltd, Brisbane, has completed its 100%-owned Surat basin natural gas development.   The onshore southeast Queensland project comprises 80 gas wells which is less than the 110 wells originally envisaged because of continuing outperformance.   In conjunction with infrastructure partner Jemena, the group…

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  • US Plans Sanctions to Halt Iran-Venezuela Oil Trade

    The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter.   The sanctions would be imposed through the Treasury…

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