The chief executive of US oil company Occidental Petroleum has stated that the company’s low-carbon business would generate earnings equal to its oil and gas production business in the coming decades. Occidental has been an early mover among US oil producers in setting ambitious…
ISAB SRL, a subsidiary of PJSC Lukoil of Russia, has let a contract to DuPont Clean Technologies, a division of E I DuPont de Nemours & Company, to provide technology licensing for the upgrade of an existing processing unit to enable production of ultra-low-sulphur fuel…
Petronas Carigali has awarded TechnipFMC subsidiary FMC Wellhead Equipment Sdn. Bhd an iEPCI contract for the Limbayong deep-water development project off Malaysia. The company will provide front-end engineering design, and integrated engineering, procurement, construction, installation and commissioning of subsea production system, umbilicals, risers and…
National Grid Renewables, which includes the renewables development company formerly known as Geronimo Energy, has announced the start of construction on the 200 megawatt (MW) Prairie Wolf Solar Project (Prairie Wolf) in Coles County, Illinois. The project is poised to generate millions in tax revenue,…
Fortescue Metals is set to funnel at least US$400 million into renewable energy technologies such as wind, solar and green hydrogen, as it ramps up its push to be one of the world’s biggest clean energy companies. That would come on top of around…
All of the regulatory conditions relating to Premier Oil’s merger with Chrysaor have now been satisfied and all of the requisite antitrust approvals have been received and completion is expected by the end of March 2021. Following the receipt of notice from the Oil…
Neptune Energy announced the 23rd February that production has started from the Gjoa P1 development in the Norwegian sector of the North Sea. Gjoa P1, which has been developed via a new subsea template tied back to existing infrastructure on the Gjoa field, is…
Qatargas has awarded Saipem SPA an engineering, procurement, construction, and installation (EPCI) contract for development of the North Field production sustainability offshore project, north-east of Qatar, increasing LNG production capacity from 77 million tpy to 110 million tonnes/year (tpy). Work includes platforms, supporting and…
Equinor and its partners will end production from the Veslefrikk field in the Norwegian Sea in spring 2022. Operations started in 1989 through Norway’s first floating production platform, and the facilities have since produced over 400 MMboe. Investments to date total around NOK20…
GE Renewable Energy has announced that it has been awarded a contract by Ocean Renewable Energy Joint Stock Company to supply a total of 15 of GE’s 4 MW-137 wind turbines to support construction of the Cau Dat Wind Farm, the first wind farm in…
