A new oil and gas facility has been opened by General Electric (GE) in Broome, Western Australia to service subsea projects.
read more... 10/03/2015
Brent crude futures soared 5 percent on Wednesday, after Saudi Arabia’s oil minister said oil demand was increasing and figures showed Chinese factories were producing more than projected. Brent crude for April delivery boosted $2.97 to settle at $61.63 a barrel. WTI April crude climbed $1.71 to close at $50.99.
read more... 26/02/2015
Chevron Corp declared it will stop shale gas exploration plans in Romania, after an evaluation demonstrated the Black Sea state does not contest constructively with other investment opportunities.
read more... 23/02/2015
German engineering company Siemens has been awarded another significant wind power contract, with an order for 157 wind turbines for three projects in the South African province of Northern Cape. The customer is a consortium led by Mainstream Renewable Power.
read more... 20/02/2015
Britain's energy ministry has given the green light to the Dogger Bank Creyke Beck offshore wind project, the largest offshore wind park worldwide.
read more... 18/02/2015