Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising areas in the venture, Indonesian officials said on Wednesday.Indonesia's energy minister had…
ABB has won orders worth more than $150 million from Danish energy company Ørsted to supply technology to transmit wind energy from the 1,400 megawatt (MW) Hornsea Project Two, slated to be the world's largest offshore wind farm.The orders were…
Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect in November.India's monthly oil imports from Iran declined to 592…
German wind turbine maker Nordex on Tuesday said it had won a contract to supply and install 191 wind turbines with a capacity of 595 megawatts in Brazil, marking the company's biggest ever single contract to date.The order from Italian utility Enel is for the Brazilian wind farm Lagoa dos Ventos…
Qatar-based maritime and logistics conglomerate Milaha said its liftboat Milaha Explorer has been deployed off the coast of West Africa as part of a long-term charter with a major international oil company.Milaha’s President and CEO, Abdulrahman Essa Al-Mannai…
Siemens and China's State Power Investment Corporation (SPIC) have entered into a memorandum of understanding confirming their intention to collaborate on heavy-duty gas turbines, the German group said on Monday.'The signing today will expedite…
Shandong Dongming Petrochemical Group, China's largest private refiner, has bought a 1.9-million barrel cargo of Kuwaiti crude oil for end-July loading, the first of its kind since the plant started importing the commodity in 2015, company officials said on Monday…
Enlight Renewable Energy said on Monday it secured 525 million shekels ($145 million) in financing to build Israel's largest wind energy project.The total cost for the 96 megawatt wind farm is 660 million shekels, Enlight said. Israel's Bank Hapoalim led the financing…
A U.S. judge ordered Sinovel Wind Group Co Ltd, a Chinese wind turbine maker, to pay a $1.5 million fine after the company was convicted and charged for stealing trade secrets from Massachusetts-based AMSC. U.S. District Judge James Peterson in Madison…
U.S. tariffs on Chinese goods came into effect Friday; China retaliates, duty on U.S. crude possible. Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war between the United States and China,…
Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho, and Nippon Yusen KK said on Friday that their joint venture has placed an order for a liquefied natural gas (LNG) bunkering vessel with Kawasaki Heavy Industries. The vessel, which…
U.S. crude inventories rise unexpectedly; U.S. implements tariffs on Chinese goods on Friday. Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions…
Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according to a court document published on Tuesday…
Beijing slows approval process for new ethanol plants; ationwide roll-out of E10 fuel by 2020 in doubt. China's ambitious push to use biofuel in cars nationwide by 2020 is in doubt amid concerns about supplies of raw material such as corn…
China embroiled in festering trade dispute with United States even as Chinese imports of U.S. LNG expected to surge -Morgan Stanley. China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import…
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