News

  • US and Australia Sign SPR Lease Agreement

    The US Department of Energy revealed on the 3rd June that the United States has finalised a Strategic Petroleum Reserve (SPR) lease agreement with Australia.   The deal, which was signed by US Secretary of Energy Dan Brouillette and Australia’s Minister of Energy and Emissions…

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  • Iraq Signs 2-Year Electricity Import Deal with Iran

    Iran has signed an agreement on exports of electricity to neighbouring Iraq, covering 2020 and 2021.   The two sides signed the agreement during a visit to Baghdad by Iran’s Minister of Energy Reza Ardakanian, stressing their determination to broaden cooperation in the energy sector,…

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  • Siemens turbines to power Kasawari gas field complex offshore Malaysia

    Malaysia Marine and Heavy Engineering (MMHE) has contracted Siemens Gas and Power to supply power equipment for Petronas’ Kasawari gas field development in the South China Sea, offshore Sarawak.   The package comprises three SGT-300 industrial gas turbine generators (GTGs), three mechanical-drive SGT-300 gas turbines,…

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  • Rolls-Royce wins UKAEA multi-disciplinary design engineering framework

    Rolls-Royce has been awarded a full-service engineering design framework contract with the United Kingdom Atomic Energy Authority (UKAEA), the government research organisation responsible for the development of nuclear fusion power.   The four-year framework means that Rolls-Royce will support the delivery of multi-disciplinary projects covering…

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  • New oilfields discovered in Belarus

    Belorusneft has discovered two new oilfields, Izbynskoye and North Omelkovichi, in Khoiniki district, Gomel region, south-east Belarus.   Reserves of light, sweet, low-viscosity oil with high light fraction yield are estimated in excess of 2.5 million tons.   The discoveries increase prospects and resource potential…

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  • Brent Over US$40 as OPEC+ Cut Extension Looks Likely

    Brent oil rose above US$40 a barrel for the first time in almost three months on signs that OPEC+ producers are close to agreeing on a short extension of their historic deal to cut output.   Futures in London climbed around 2% after closing at…

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  • Dorado FPSO enters pre-FEED phase

    Carnarvon Petroleum has issued a progress update on the Dorado field development in the Bedout basin offshore Western Australia, operated by Santos.   The proposed offshore facilities include an FPSO and a wellhead platform.   Three contractors are working on pre-front-end engineering design (pre-FEED) for…

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  • Wärtsilä and Partners Develop Emissions-Free Barge Concept

    The technology group Wärtsilä has joined a consortium of key partners to form Zero Emission Services BV (ZES), an enterprise aimed at making inland waterway shipping more sustainable.   The other founders of ZES are ING Bank, energy and technical service provider Engie, and the…

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