Contracts

U.S. Crude Falls on Worries About Glut, Brent Flat

Front-month expires Monday, long liquidation seen; dollar index highest in more than four years.   U.S. crude oil fell on Friday, on track for its fourth daily

Oil Firms Keep Drilling as Price Drops

A 13 percent slide in crude oil prices since June has eroded some of the allure of drilling U.S. shale resources and raised investor concerns, but companies are

Rising Wind to Pressure Spot Prices

Offline 858 MW Belchatow unit on schedule to restart next week; wind generation forecast to rise to above 8 GW on Monday. Fresh talks on Russia-Ukraine gas pricing lined up for Sept.

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Nuclearelectrica Ponders Enel Power Addition

Romanian state-owned nuclear power producer Nuclearelectrica could buy part of the electricity distribution assets that Italy's Enel plans to sell, it said in a statement on Friday.

Egypt Awards Oil & Gas Exploration Blocks

Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry said on Friday. The

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Transas Simulators Boosts Western Shipping Training Center

Transas Marine Pacific has successfully completed the upgrade of a simulator complex for Western Shipping Pte. Ltd. training center. The simulator class was

Kongsberg/Ricardo in Wind Farm Bearing Collaboration

Ricardo and KONGSBERG say that they have signed a framework agreement that will see Ricardo support the development of the Kongsberg Wind Farm Management System

ABB Wins Boa Offshore Contract

Boa Offshore has chosen ABB Turbocharging’s proactive Maintenance Management Agreement for servicing of turbochargers aboard four of its vessels, ensuring, says ABB Turbocharging,

ExxonMobil in Big Land Swap Deal with LINN Energy

  Exxon Mobil Corporation today announced it entered into a non-monetary exchange agreement with LINN Energy, to add 17,800 net acres in the Permian Basin to its U.

TESSCO Installs Chesapeake Bay Police Boat Video System

Leading networking company, TESSCO Technologies Incorporated, informs it has worked closely with the Maryland Department of Natural Resources (DNR) to successfully implement,

Ingram Barge Order 20 Tank Barges for 2015

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions,

CD-adapco, Ben Ainslie Racing Team Up

CFD focused provider of Computer Aided Engineering software, CD-adapco, says it has formed a partnership with  Ben Ainslie Racing, enabling the America’s Cup team

Gazprom Supplying Gas to Europe as Contracted

  Alexey Miller reported to Vladimir Putin that European consumers were receiving gas supplies entirely in line with contractual obligations. The total accumulated

Rentocean to Supply Van Oord 300T Onshore Turntable

RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, says it has been awarded a contract to supply Van Oord Offshore Wind Projects BV a 3000t demountable

General Dynamics Wins US Navy Award for F/A-18 Mission Computers

  General Dynamics Advanced Information Systems, a business unit of General Dynamics, was awarded a $16.2 million contract by the U.S. Navy to produce Type-3 Advanced

Phoenix International Awarded US$75-M Subsea Navy Contract

US Department of Defense inform that Phoenix International Holdings Inc., Largo, Maryland, is being awarded a $75,000,000 indefinite-delivery/indefinite-quantity,

ZeoGas hires Foster Wheeler to Plan Gulf Coast Project

   Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has entered into a Collaboration Agreement with ZeoGas LLC.

ST Engineering Injects Capital into Leeboy India

  Singapore Technologies Engineering Ltd (ST Engineering) announced today that its land systems arm, Singapore Technologies Kinetics Ltd has injected S$4.2m (equivalent

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