The chief executive officer of Saudi Arabian oil and gas giant Saudi Aramco has stated that the company would be pressing ahead with its plan to boost output capacity regardless of massive profit drop in 2Q 2020. According to an article by Reuters, Saudi…
Oilex Ltd, Perth, has executed a deed of settlement and release with East Timor national company Autoridade Nacional Do Petroleo E Minerals (ANPM) to end lengthy arbitration proceedings arising from the termination of a production sharing contract in the Timor Sea by ANPM in 2015….
McDermott International Ltd has announced the beginning of commercial operation of Train 3 at Cameron LNG, which is jointly owned by Sempra LNG, Total SE, Mitsui & Company Ltd and Japan LNG Investment LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki…
Hastelloy C276 is a nickel-chromium-molybdenum alloy containing tungsten, which is known for its corrosion resistance in various corrosive media. The high content of molybdenum, it is resistant to localized corrosion such as pitting, the low carbon content, the precipitation of carbides during the welding process…
Norway may not officially be part of the OPEC+ alliance to curb oil supply in the face of the coronavirus pandemic, but next month it looks like the Scandinavian country will do its bit toward helping the producer alliance to avert a global glut of…
In a joint venture with the State Oil Company of the Republic of Azerbaijan (SOCAR), Petrofac, has secured a contract to provide BP Azerbaijan with international payroll and personnel support services including training services. Petrofac said on the 10th August that the five-year contract,…
Blauwwind has reached first power at the Borssele III & IV wind farm in the Dutch North Sea. Located 22 km (14 miles) off the coast of the province of Zeeland, the first turbine now generates electricity and supplies energy to the Dutch grid….
SSE Renewables and Equinor have contracted Jan De Nul Group to transport and install the GE Haliade-X wind turbines at Dogger Bank A and Dogger Bank B in the UK North Sea. This will be the first assignment for Jan De Nul’s jack-up installation…
Bentley Motors has announced a three-year research study which promises to transform electric vehicle powertrains, utilising a fully integrated, free from rare-earth magnet e-axle which supports electric vehicle architectures. This reinforces Bentley’s ambition to lead sustainable luxury mobility and introduce the first fully electric…
Oil fell in tandem with equities as concerns over renewed tensions between the US and China and a murky outlook for further relief from Washington cast an economic pall. Futures dropped 1.7% in New York on the 7th August, the biggest decline in a…
