Construction contract signed for first string of TurkStream’s offshore section

by Timothy Reeder | Dec 13, 2016 | News

South Stream Transport B.V. and Allseas Group S.A. today signed in Amsterdam a contract to build the first string of the TurkStream gas pipeline’s offshore section with an option for laying the second string. According to the contract, Allseas will lay more than 900...

Chevron Announces $19.8 Billion Capital and Exploratory Budget for 2017

by Timothy Reeder | Dec 13, 2016 | News

Chevron Corporation recently announced a $19.8 billion capital and exploratory investment program for 2017. Included in the 2017 program are $4.7 billion of planned affiliate expenditures. “Our spending for 2017 targets shorter-cycle time, high-return investments and...

Suez and Total partner to recycle cooking oil into biofuel

by Timothy Reeder | Dec 13, 2016 | News

SUEZ and TOTAL are joining forces to collect and recycle used cooking oil in France. As part of their 10-year partnership, SUEZ will supply 20,000 metric tons of used cooking oil a year to TOTAL. Collected throughout France, the oil will be processed into biofuel at...

BP announces start of drilling on new carboniferous prospect in southern North Sea

by Timothy Reeder | Dec 13, 2016 | News

BP recently announced that drilling has commenced on a potential carboniferous gas play in southern North Sea block 43/26a that, if successful, could open up a new phase of development in the region. The well, being drilled with partners Perenco and Premier, will test...

Siemens is supplying nine gas turbines to Argentina

by Timothy Reeder | Dec 13, 2016 | News

Siemens has received orders from Argentina for a total of seven SGT-800 industrial gas turbines and two Industrial Trent 60 gas turbines. This order marks the 300th SGT-800 machine that the company has sold worldwide. The turbines will provide a combined electrical...

Siemens officially inaugurates new wind turbine blade factory in the British city of Hull

by Timothy Reeder | Dec 13, 2016 | News

Siemens has officially inaugurated the new rotor blade factory for offshore wind turbines in Hull, UK, in an event attended by the Secretary of State for Business, Energy and Industrial Strategy Greg Clark and representatives of the local community. The site at...