In a research partnership, Scania will develop a solar cell clad trailer to power a plug-in hybrid truck. Initial tests indicate possible fuel savings of five to ten percent in Sweden and twice that amount in sun-rich southern Spain. “Solar cells have previously…
Total has taken a 20% stake in the Eolmed floating wind farm pilot project in the French sector of the Mediterranean. The location is off the coast of Gruissan and close to Port-La-Nouvelle. Qair is the developer and majority shareholder of the 30-MW…
Following the news of the merger of Chrysaor with Premier Oil today, OGUK’s chief executive Deirdre Michie, said: ‘Chrysaor and Premier Oil are great stewards, contributors and champions of this industry so this investment is encouraging news for the UK Continental Shelf. ‘With…
Chevron Corporation has overtaken Exxon Mobil Corporation as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago. California-based Chevron had a market capitalisation of…
Lloyd’s Register Group (LR) has entered into a deal to sell its energy business unit to Inspirit Capital, a London-based investment firm. LR said the agreement follows a comprehensive review of LR’s business portfolio and strategic direction. As disclosed, the deal will create…
Tokyo Gas Company Ltd has signed an agreement with First Gen Corporation. of the Philippines to begin construction of a five-million tonne/year LNG terminal at Batangas City, Southern Luzon Island. The terminal will use a floating storage and regasification unit and the companies expect…
Caterpillar Inc has signed an agreement to acquire the oil and gas division of the Weir Group Plc, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead and…
New Zealand has notched up two solar milestones in one project, with the completion of its first ever floating solar array and the country’s largest PV plant of any type – for now, at least – on top of a wastewater treatment pond on Auckland’s…
Rolls-Royce has signed a contract with Dhamra LNG Terminal Pvt Ltd (DLTPL) for the complete engineering, procurement and construction (EPC) and delivery of a 29 MW gas-based power plant for an Indian LNG terminal. DLTPL is a joint venture between Indian multinational conglomerate Adani…
UK oil and gas company Premier Oil has reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor and the reorganisation of Premier’s existing debt and cross-currency swaps. According to Premier’s statement on the 6th October,…
