News

  • D&Z Acquires EMC Power to Serve Canadian Power Generation Market

    Day & Zimmermann (D&Z), the century-old, family-owned provider of construction, engineering, maintenance, staffing, and defence solutions for leading corporations and governments around the world, has announced the acquisition of EMC Power Canada Ltd (EMC), an Ontario-based specialised trade services and construction company.   The acquisition…

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  • Study finds no progress on many large oil and gas discoveries

    Huge volumes of discovered hydrocarbons worldwide are currently ‘stranded,’ according to a study by Westwood Global Energy Group.   The consultant has identified 119 fields in this category that were found between 2008 and 2016 with collectively 11 Bbbl of oil and 36 Bboe of…

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  • Preem advances renewables conversion project for Lysekil refinery

    Swedish refiner Preem AB, a wholly owned subsidiary of Corral Petroleum Holdings AB, Stockholm, is moving forward with a recently proposed project to convert its 220,000-b/d refinery in Lysekil, Sweden, into Scandinavia’s largest manufacturing site for renewable fuel.   With an application to amend the…

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  • Cenovus, Husky agree to US$23.6-billion merger

    Cenovus Energy Inc and Husky Energy Inc have agreed to merge in an all-stock transaction valued at US$23.6 billion, inclusive of debt.   The combined company, to operate as Cenovus Energy Inc and remain headquartered in Calgary, will have low exposure to Alberta oil pricing,…

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  • 25 Percent of Floater Fleet Could be Scrapped

    One quarter of the global floater segment could be scrapped.   That’s according to Rystad Energy, which outlined that restructuring in the “already stretched” offshore drilling market will accelerate.   An evaluation of active rigs in the global floater fleet revealed that up to 59…

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  • Year-long outage of Hammerfest LNG plant to affect Neptune output

    Oil and gas company Neptune Energy expects its full-year production to be impacted by the closure of the Equinor-operated Hammerfest LNG plant following a recent fire incident while its losses of revenues will be recovered through insurance claims.   The Hammerfest LNG plant processes gas…

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  • P11-Unity platform installed offshore the Netherlands

    Heerema’s semi-submersible crane vessel Sleipnir has installed Dana Petroleum’s P11-Unity platform in block P11b in the Dutch North Sea.   At 395 metric tons (435 tons), this is said to be one of the world’s smallest platforms.   Heerema was contracted for the transportation and…

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