Latest news
Petrofac extends Nord Sea contract with Marathon
Petrofac, a British provider of integrated facilities services to the oil, gas and energy production and processing industries, said its Offshore Engineering & Operations, or OE&O, business has been awarded a contract renewal by Marathon Oil, a United States-based oil and natural gas exploration and production company.
read more... 13/07/2011
Mitsubishi to develop a more energy-efficient liquefied natural gas ship until 2014
Mitsubishi Heavy Industries Ltd. Company received an order from Nippon Yusen Kabushiki Kaisha, a shipping company, to build a ship with a steam turbine generator that has 15 percent better fuel efficiency as compared to the traditional steam systems.
read more... 03/03/2011
Hyundai Heavy wins a major-FPSO deal from BP
Hyundai Heavy Industries, the world’s largest shipbuilding company has landed a huge FPSO (floating production storage and offloading) new building order from European oil major, BP. It is the first FPSO order in the world market which is worth around $1.2 billion.
read more... 01/03/2011
BP to buy a $7.2 billion stake in India’s Reliance Industries
The British oil giant BP declared on Monday that it is interested in buying a stake in oil and gas blocks into India’s Reliance Industries. The total amount of the transaction is estimated to around $7.2 billion and with this acquisition BP hopes to gain a significant position in the Asian country after the Gulf of Mexico oil spill.
read more... 22/02/2011
New EU package adopted on the sustainability criteria of biofuels
The European Commission adopted two Communications and a Decision June 10, encouraging industries, governments and NGOs to set up certification schemes on the sustainability criteria of biofuels, including the imported ones in the EU, as to aid reach the EU target in a sustainable way, the one of getting 20% of renewable energy from total energy consumption.
read more... 11/06/2010