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Duke Energy in Talks to Sell Its International Energy Business Segment, Central and South America
February 8, 2016
Duke Energy is considering the sale of all or a portion of its international energy business segment, including power plants in Central and South America. The company’s preparations are at a preliminary stage and no binding or non-binding offers have
Argentina’s Ongoing Oil Boom Drawing Attention from Majors
February 8, 2016
As Argentina’s prized Vaca Muerta shale play promises to match North American production levels - but at regulated $68 prices - and supermajors line up for billion-dollar deals, the only junior with a strategic position on this scene has become
BP Plans 3,000 Additional Job Cuts
February 5, 2016
UK oil major BP has announced plans to cut 3,000 more jobs as a result of reduced earnings in 2015 due to slump in oil price. The firm said that the profits have been dropped by 51 percent to $5.9bn
ConocoPhillips Awards MMO Contracts to Aker Solutions for Its North Sea Oil Fields
February 5, 2016
ConocoPhillips has awarded two maintenance, modifications and operations (MMO) contracts to oil service firm Aker Solutions for the North Sea fields. Under the fiver-year contract, Aker Solutions will be ConocoPhillips’ main supplier of maintenance and modifications work offshore Norway. The
GE and Statoil Select Four Technologies in Second Open Innovation Challenge
February 5, 2016
GE and Statoil have selected four technologies as part of the second Open Innovation Challenge which aims to reduce use of water in onshore oil and gas operations. The firms analyzed more than 100 proposals from 23 countries before selecting
GE Signs Agreements to Strengthen Oil and Gas Program in Russia
February 5, 2016
GE has announced a $1bn sourcing program and signed a series of agreements in Russia in an effort to accelerate localization of advanced technology solutions across the oil & gas, power, and transportation industries. The agreements have been signed with
Belcan to Acquire East Kilbride Engineering Services
February 3, 2016
Belcan, LLC will acquire European-based East Kilbride Engineering Services (EKES), a leading engineering consultancy across a variety of disciplines and sectors. Terms were not disclosed. The transaction is expected to close in the first quarter of 2016. EKES, founded in
Praxair Signs Long-Term Contract with Total, Expands Pipeline Network in Port of Antwerp, Belgium
February 3, 2016
Praxair, Inc. has signed a 15-year contract to supply oxygen and nitrogen to Total in the Port of Antwerp. Total, a global integrated energy producer and provider and leading international oil and gas company, is currently investing one billion euro
Deep Gas Utica Well Utilizes CARBO KRYPTOSPHERE LD Technology
February 3, 2016
CARBO Ceramics Inc. has successfully used KRYPTOSPHERE® LD, its ultra-conductive, low-density ceramic proppant technology, in the Utica for CONSOL Energy, a leading Appalachian basin producer. This is the first well to utilize KRYPTOSPHERE LD and joins KRYPTOSPHERE HD as another
Eaton’s New CNG Hose Products Feature Market-Leading Certifications and Reduced Delivery Times
February 3, 2016
Eaton’s new CNG hose products feature market-leading certifications and reduct delivery times. Eaton has launched the high pressure 35NG hose and low pressure NG-TW hose for compressed natural gas (CNG) applications. Tested by TÜV Rheinland, the hoses are among the
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