The US solar market has previously been dominated by California. It has always been the big beast, by any metric. Now, as federal support for the industry slackens off, a number of states, utilities and regulators are pressing on regardless. The benefits for California…
Hurricane Energy has confirmed that a drillstem test on the Lincoln Crestal exploration well west of Shetland has produced oil to surface, resulting in a flare. The company issued its statement in response to speculation that the 205/26b-14 well, drilled by the semi-sub Transocean…
Suncor has announced it is replacing its coke-fired boilers with two cogeneration units at its Oil Sands Base Plant. The cogeneration units will provide reliable steam generation required for Suncor’s extraction and upgrading operations and generate 800 megawatts (MW) of power. The power…
Freeport LNG Development LP expects to take final investment decision in the “next several months” as the company and Westbourne Capital have executed definitive agreements to help finance the natural gas liquefaction train, which will be integrated into its existing gas liquefaction and LNG export…
While one Iranian tanker is attracting global attention, serious oil watchers remain absorbed by a bigger mystery: the hunt for the rest of Iran’s fleet. The quest has led to ever more inventive methods of tracking ships, and divergent views on the amounts of crude secretly…
Tap Oil has signed a sale and purchase agreement (SPA) with Kensington Energy, a privately-owned Australian oil and gas investment company, to sell its residual Australian and New Zealand portfolio The transaction involves Tap selling a 20% participating interest in the BHP-operated WA-72-R, which…
Wärtsilä has supplied what it claims are the world’s largest retractable thrusters ever made for Heerema’s semi-submersible crane vessel Sleipnir. The four 5500 kW forward retractable WST-65RU thrusters feature a combination of retractable and underwater mountable functionality. The thrusters installed at the aft of…
Natural gas prices in Europe are set to fall further below their lowest in a decade as suppliers show few signs of scaling back abundant deliveries. Inventories are near capacity weeks earlier than usual and are being flooded with more fuel coming both from…
Major oil companies have approved US$50 billion of projects since last year which will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on the 6th September. The analysis found that investment…
Investors backing closely held Cuadrilla Resources Ltd, which pioneered UK shale gas drilling before becoming mired in red tape, are exploring options including an outright sale of the company. Shareholders including private equity firm Riverstone Holdings LLC, which has a direct 45% holding, and…
