Energy

Andrews to Lead CWind’s O&M Division

Lee Andrews has been appointed as CWind’s new global head of operations for maintenance and asset management (O&M) services.   Andrews joins CWind from Siemens

Is Anyone Home to Take the Call on OPEC?

When OPEC meets this week the energy industry will collectively hold its breath. Tumbling crude prices have rattled producers and investors around the world. With near-term demand flagging,

Tanzanian Lawmakers to Debate on Energy Graft Despite Objections

Tanzania's parliament will hold a debate this week on allegations of corruption in the energy sector, the speaker said on Monday, despite efforts by the prime minister to block the session.

AVEVA Opens Office in Aberdeen

AVEVA opened its new office in Aberdeen to offer sales and support for all of AVEVA’s solutions and services with a strategic focus on the region’s oil and gas sector.

Petrobras Drills First Libra Appraisal Well

Petrobras completes drilling of first appraisal well in the Libra Consortium area   Petrobras completed the drilling of the first appraisal well in the Libra Consortium area,

Kuwait's KNPC to Invest $40 bln to 2022

Kuwait National Petroleum Co (KNPC) plans to spend $40 billion in the period to 2022 on projects including a new refinery and a clean fuels project, its chief executive said on Monday.

UAE Says OPEC Will Take "Appropriate Decision"

The United Arab Emirates energy minister said OPEC countries would deal with the current fall in oil prices and would take the "appropriate decision", the state WAM news agency reported on Monday.

Eustream Says Ready to Begin Testing Gas Link to Hungary

 Slovak gas pipeline operator Eustream said on Monday it was ready to begin testing a new Slovakia-Hungary link. The two countries' pipeline operators announced

Prices Gain on Lower Wind, Cold Winter Forecasts

An expected drop in renewable power output and forecasts for colder weather drove central and southeastern Europe spot power prices higher on Monday, while front-year

ISN Targets UKCS Growth

ISN has acquired Aberdeen IT consultancy, Virtual Stream, for an undisclosed sum. The specialist information and communications technology (ICT) services firm,

Ukraine to Buy up to 1 bcm/month of Russian Gas

Ukraine will look at buying up to 1 billion cubic metres (bcm) of natural gas per month from Russia starting in January, Naftogaz Chief Executive Andriy Kobolyev said on Monday.

Petrobras: 2nd Libra Well Yields Quality Oil

Brazil's state-run oil company Petroleo Brasileiro S.A. completed drilling of the first extension well in the massive Libra field off the coast of Rio de Janeiro,

Ineos to Add Talent to Support North Sea Expansion

North Sea oil and gas would supply INEOS plants in Europe; advertised positions include CEO, geologist, engineer.   Swiss-based petrochemical and refining company

Bluestar Elkem Makes $640 mln Bid for REC Solar

China's Bluestar Elkem Investment agreed to buy Norway's REC Solar for 4.34 billion crowns ($640 million), a 15.9 percent premium to the stock's last close, it said on Monday.

China Defies U.S. Plea for Restraint in South China Sea

China on Monday hit back at "irresponsible remarks" from the United States which has called on Beijing to stop a land reclamation project in the disputed South

Maersk Drilling gets Extension for Jack-Up

Maersk Drilling, is a unit in shipping and oil conglomerate A.P. Moller-Maersk. Hess has exercised the four one-well options included in the current contract for the jack-up rig Maersk Resolute.

Ghana Okays Eni $6 bln Offshore Gas Project

Ghana's government has given Italian energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points (OCTP) block, expected to begin production in 2017,

India Seeks Private Cash for Intermodal Bridge

Rail system needs more tracks and wagons; Not enough coal gets from port to power stations. India is targeting up to $1 billion of private investment by 2017

Petrofac Slides on Oil Price, Project Delays

Shares fall nearly 25 pct to 4-yr low.   Oil and gas services firm Petrofac Ltd's net profit estimate for 2015 fell far short of its goal, wiping out more than 1 billion pounds ($1.

FPSO Cidade de Ilhabela Formally on Hire

  SBM Offshore is pleased to announce FPSO Cidade de Ilhabela is formally on hire after achieving first oil and completing a 72 hour continuous production test

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