News

  • Truck Trailers With Solar Panels Can Save Fuel

    In a research partnership, Scania will develop a solar cell clad trailer to power a plug-in hybrid truck.   Initial tests indicate possible fuel savings of five to ten percent in Sweden and twice that amount in sun-rich southern Spain.   “Solar cells have previously…

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  • Total joins offshore France floating wind farm development

    Total has taken a 20% stake in the Eolmed floating wind farm pilot project in the French sector of the Mediterranean.   The location is off the coast of Gruissan and close to Port-La-Nouvelle.   Qair is the developer and majority shareholder of the 30-MW…

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  • OGUK comments on the merger of Chrysaor with Premier Oil

    Following the news of the merger of Chrysaor with Premier Oil today, OGUK’s chief executive Deirdre Michie, said:   ‘Chrysaor and Premier Oil are great stewards, contributors and champions of this industry so this investment is encouraging news for the UK Continental Shelf.    ‘With…

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  • Chevron Bypasses ExxonMobil in Market Value

    Chevron Corporation has overtaken Exxon Mobil Corporation as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.   California-based Chevron had a market capitalisation of…

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  • Lloyd’s Register Group sells its energy business

    Lloyd’s Register Group (LR) has entered into a deal to sell its energy business unit to Inspirit Capital, a London-based investment firm.   LR said the agreement follows a comprehensive review of LR’s business portfolio and strategic direction.   As disclosed, the deal will create…

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  • Tokyo Gas, First Gen to begin building Philippines LNG terminal

    Tokyo Gas Company Ltd has signed an agreement with First Gen Corporation. of the Philippines to begin construction of a five-million tonne/year LNG terminal at Batangas City, Southern Luzon Island.   The terminal will use a floating storage and regasification unit and the companies expect…

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  • Caterpillar to buy Weir Oil & Gas

    Caterpillar Inc has signed an agreement to acquire the oil and gas division of the Weir Group Plc, a Scotland-based global engineering business.   Headquartered near Fort Worth, Texas, Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead and…

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  • Rolls-Royce to deliver gas power plant for Dhamra LNG

    Rolls-Royce has signed a contract with Dhamra LNG Terminal Pvt Ltd (DLTPL) for the complete engineering, procurement and construction (EPC) and delivery of a 29 MW gas-based power plant for an Indian LNG terminal.   DLTPL is a joint venture between Indian multinational conglomerate Adani…

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