Vestas has secured an order for 359 MW of V120-2.2 MW turbines for a wind project in the US. Including previously purchased V112-3.45 MW components, the project has a total nameplate capacity of 400 MW. […]
Aberdeen-based oil and gas production technology business, Pragma, has developed an advanced downhole safety valve to create an improved well control solution for cable deployed Electric Submersible Pumps (ESPs) retrofitted to production wells. The new […]
Total has announced the closing of the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of USD 3.9 billion. This closing comes after Total reached a binding agreement […]
Baker Hughes, a GE company and Ocean Installer AS have announced that Vår Energi AS has awarded BHGE and Norwegian subsea contractor Ocean Installer a subsea contract for the engineering, procurement, construction and installation (EPCI) […]
The foundation stone for the Tiszaújváros polyol plant has been laid. The plant is expected to be commissioned in 2021. MOL will invest EUR 1.2 billion to construct the plant which will be able to […]
Even after more than 50 years, the Norwegian shelf still holds vast opportunities. More than half of the estimated remaining resources on the Norwegian shelf have already been discovered. 85% are located in the fields […]
Vestas reports that to meet the manufacturing requirements of its changing product portfolio – including the introduction of our EnVentus platform and 4 MW platform variants – the company will scale down production of V136 […]
Alfa Laval – a global provider of heat transfer, centrifugal separation and fluid handling solutions – has won an order to supply air cooler systems to a gas processing plant in the U.S. The order […]
Baker Hughes, a GE company has posted its Weekly Rig Count reports. US Rig Count is down 8 rigs from last week to 860, with oil rigs down 6 to 713, gas rigs down 2 […]
Vår Energi AS, owned by Eni and HitecVision, has signed an agreement with ExxonMobil to acquire its upstream assets in Norway. The transaction includes ownership interests in more than 20 producing fields.The fields are operated […]
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