The Ward Leonard WL29BC200 AC induction motor is the oil and gas industry’s only 2,000 horsepower motor designed to fit into a 1,500 horsepower motor package, according to its manufacturer.At up to 19 inches smaller and 10% lighter than competing 2…
GulfSlope Energy, an independent oil and natural gas exploration company, has signed a letter of intent to enter a joint venture (JV) for drilling of shallow water depth prospects in the Gulf of Mexico (GoM).The oil and natural gas company focused on exploring offshore U…
Malaysia’s oilfield services player Sapura Energy said it has has clinched contracts worth a total of MYR 1 billion ($242 million) for several new oil patch deals and one – the company’s first – offshore wind contract.The 10 new contracts are…
TenneT, the Dutch-German transmission grid operator, has awarded the oilfield services provider Petrofac work on the Beta high voltage alternate current (HVAC) substation platform in the North Sea for the Hollandse Kust Zuid (HKZ) wind farm…
East Timor and Australia are set to ratify a maritime border treaty, which regulates how the two countries will share revenue from the offshore Greater Sunrise natural gas field, later this year, East Timor's foreign minister said.Dionisio Babo…
Investors, developers and users of renewable energy at an industry conference in New York this week were buzzing about the state's ambitious plan to reduce greenhouse gas emissions to zero by 2050.'New York is leading a path forward with public…
Iran has created a grave situation and jeopardized global oil supplies with its aggressive behavior, Saudi Arabia's minister of state for foreign affairs said on Thursday, adding that the kingdom was consulting with allies on next steps.The…
A BP drilling rig reached its destination in the North Sea on Wednesday after 11 days of delays due to Greenpeace protests over climate change, the activist group said.The 40,000-metric-ton Paul Loyd JNR left Cromarty Firth, north of Inverness…
Following the submission of financial restructuring proposals subject to conditions precedent, the Board of Directors of BOURBON Corporation reviewed today the two proposals which are considered relevant to the interests of the group, its employees…
U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other projects aiming to send U.S. shale oil to world markets, according to a memo and a source who asked not to be named…
Italian multinational corporation Prysmian Group has been awarded a major grid connection project worth in region of EUR 140 million by the Dutch-German grid operator TenneT which will enable the connection of multiple offshore wind farms to the German grid…
Ireland's offshore Oil and gas company Providence Resources has again pushed back a deadline to receive $9mln of funding from Apec, its farm-in partner in the key Barryroe site off the south west coast.The loan from Barryroe's Chinese backer was due by June 14…
With the United States and China about to start their respective offshore wind build-ups, grid operators wondering about the efficiency of their turbines or the emissions-areas compliance of their wind-service vessels will be warmed to know there’s someone they can talk to…
According to the International Renewable Energy Agency (IRENA) eleven million people were employed in renewable energy worldwide in 2018. This compares with 10.3 million in 2017.As more and more countries manufacture, trade and install renewable energy technologies…
Cyprus has issued arrest warrants for the crew of a Turkish drill ship anchored close to its coast for allegedly infringing territory over which the island has rights to explore for oil and gas, a foreign ministry official said on Thursday.'We can confirm that warrants were issued…
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