GE Renewable Energy and BE Power have signed an agreement to co-develop the 400 MW Big-T (Cressbrook) pumped hydro storage project in Toowoomba. Under the agreement, GE Renewable Energy’s Hydro Solutions business will work alongside BE Power and their partners to optimise and finalise…
Gazprom has resumed pipelay of the 55-billion cu m/year Nord Stream 2 natural gas pipeline running between Russia and Germany in the Baltic Sea. Russian pipelaying vessel Fortuna arrived last week at a construction site 70 km off the German coast, accompanied by two…
UK oil and gas company Premier Oil will be renamed Harbour Energy following the completion of its merger with Chrysaor, which will create the largest London-listed independent oil and gas company. Premier reached an agreement with Harbour’s UK operating company Chrysaor for a proposed…
Equinor has revealed that it will partner with Royal Dutch Shell to develop the next generation of Shell Inventory Optimiser, a solution which leverages analytics on historical data to optimise operational spare part inventory levels. Microsoft will be supporting the companies with the co-development…
Ecopetrol expects to invest US$3.5-4 billion in 2021 based on an expected average Brent price of US$45/bbl for the year. Nearly 80% of the planned investment is allocated to projects in Colombia. The remaining 20% is expected to be spent mainly for development projects in…
BAE Systems, a world leader in electric propulsion, has delivered the first plug-in capable electric hybrid propulsion systems to Alexander Dennis Limited who are supplying new buses to Ireland. The Series-ER (Electric Range) systems will power Ireland’s fleet of up to 600 Enviro400ER hybrid…
Unmanned aerial vehicles (UAVs) or drones are taking on a larger role in offshore operations, serving as a means of remote inspection, data collection, and logistics. Recent field tests have shown that drones can provide a fast, safe and cost-effective solution for the inspection and…
Poor capital allocation, deflationary commodity prices, and weak returns have led to a 250% underperformance for the US energy sector over the past decade resulting in its fall to 2.5% of the S&P 500 from a peak of 13%, according to Morgan Stanley. However,…
After years in the shadow of the US shale boom, the Canadian oil sands are emerging from 2020’s historic market crash with a slew of upbeat outlooks from Wall Street equity analysts. Morgan Stanley and Goldman Sachs are the latest firms to point out…
North Dakota, once at the heart of the early shale boom, is now expecting oil production growth to stall over the next two years as explorers reel from a historic market crash and seek to adapt to higher environmental standards. Home to the Bakken…
