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Baker Hughes and NOVATEK Partner to Develop Pioneering Lower Carbon Hydrogen Solution for LNG Trains
February 8, 2021
Baker Hughes and PAO NOVATEK have signed a cooperation agreement aimed at reducing carbon emissions from natural gas and liquefied natural gas (LNG) production. The two companies will cooperate on the development and implementation of innovative compression and power generation
ExxonMobil Low Carbon Solutions to Commercialize Emission-Reduction Technology
February 2, 2021
ExxonMobil has created a new business to commercialize its extensive low-carbon technology portfolio. The new business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies required to achieve net zero emissions and
New Fortress Energy to Acquire Hygo Energy Transition and Golar LNG Partners for $5 Billion
January 14, 2021
New Fortress Energy (NFE) has entered into definitive agreements to acquire Hygo Energy Transition, a 50-50 joint venture between Golar LNG Limited and Stonepeak Infrastructure Fund II Cayman (G) Ltd. “With a strong presence in Brazil and a world-class LNG
OPEC Crude Output Cuts Should Help U.S. Shale Profits in 2021
January 11, 2021
A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a
Jemena Partners with Tamboran to Expand Northern Gas Pipeline, Australia
November 17, 2020
Jemena announced a partnership with Tamboran Resources to develop the Beetaloo / McArthur basin in Australia in a move to speed up its plans to boost the capacity of the Northern Gas Pipeline (NGP). The Australian energy infrastructure company has
BP to Commence Drilling at Ironbark-1 Exploration Well, Offshore Australia
November 3, 2020
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved the drilling of British oil and gas company BP-operated Ironbark-1 exploration well offshore Western Australia. With the move, all the regulatory approvals have been secured by BP required
Texas-based IPR Energy to Acquire Dana Gas’ Onshore Egyptian Assets for $236 Million
November 2, 2020
Dana Gas recently agreed to sell its onshore Egyptian producing oil and gas assets to an affiliate of Texas-based IPR Energy Group for $236 million. The sale by United Arab Emirates-based Dana Gas will bolster its balance sheet and allow
Inter Pipeline to Sell Majority of European Storage Business to CLH Group for $534 Million
September 24, 2020
Canadian petroleum transportation and infrastructure firm Inter Pipeline has agreed to sell most of its European liquid storage businesses to CLH Group for £420 million ($534 million). The company has reached a definitive agreement to sell its bulk liquid storage
Alltype Engineering to Build Mining Plant Rio Tinto’s at Koodaideri Mine Project, Australia
September 22, 2020
WestStar Industrial’s engineering contractor business Alltype Engineering has secured a contract to construct an iron ore mining plant at Rio Tinto’s Koodaideri Mine project in Western Australia. The $4.4 million contract has been awarded by Laing O’Rourke, a construction company.
Equinor Completes World’s First Logistics Operation with Drone at Offshore Installation
September 21, 2020
A drone flew a 3D-printed part for the lifeboat system from the Mongstad base to the Troll A platform in the North Sea. The operation was completed efficiently and according to plan. “Development is rapid, and we see a huge
