Abu Dhabi National Oil Company is exploring the possibility of selling a stake in its real estate portfolio, the latest effort by the state-owned energy producer to raise funds and attract foreign investors. Initial estimates value the properties at about US$5 billion, according to…
WindFloat Atlantic, the first floating wind farm in continental Europe, is now fully operational and supplying clean energy to Portugal’s electrical grid. Following the connection of the last of the three platforms to the 20 km export cable connecting the wind farm to the…
Due to its superior performance, spiral steel pipes are now widely used in power industry, agricultural irrigation, tap water engineering, petrochemical industry, chemical industry, urban construction, etc, in order to avoid the circulation of unqualified products in the market, causing many inconveniences to our lives…
Nuclear proponents are not ready to concede that nuclear power has been priced out of the US electricity market, but they are increasingly looking at other uses for reactors and other places to sell them. “I find a lot of the companies are being…
Oil flow has improved from the early production system at the Lancaster field west of Shetland following installation of electric submersible pumps (ESP) in both wells. Lancaster is the first attempted development of fractured basement reservoirs in UK waters. According to operator Hurricane…
Total SE has agreed to sell its UK downstream business – including subsidiary Total Lindsey Oil Refinery Ltd’s 109,000-b/d refinery in North Killinghome, Immingham, Lincolnshire, and associated logistics assets – to Prax Group (also known as State Oil Ltd), a London-based global independent trading, storage, distribution,…
Italian oil and gas company Eni has discovered a significant hydrocarbon accumulation on the Ken Bau discovery located in Block 114, Song Hong Basin, offshore Vietnam. Eni said on the 27th July that the exploration well Ken Bau-2X has confirmed a significant hydrocarbon accumulation…
PJSC Lukoil revealed on the 27th July that it has concluded an agreement with Cairn Energy Plc to buy a 40 percent stake in the RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for US$300 million in cash. A potential…
A senior Iraqi official has said the construction work for establishing a major railway project connecting the Arab country to neighbouring Iran will get underway not in the too distant future. “The railway between Iran and Iraq through the Shalamcheh link will get going…
Scientists from ExxonMobil, University of California, Berkeley and Lawrence Berkeley National Laboratory have discovered a new material which could capture more than 90 percent of CO2 emitted from industrial sources, such as natural gas-fired power plants, using low-temperature steam, requiring less energy for the overall…
