Saudi Aramco completes acquisition of Shell’s share of the SASREF refining joint venture

by Timothy Reeder | Oct 1, 2019 | News

On September 18, 2019 the Saudi Arabian Oil Company (Saudi Aramco) has completed the acquisition of Shell Saudi Arabia (Refining) Limited’s (Shell) 50% interest in the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million....

Gas discovery in the Norwegian Sea

by Timothy Reeder | Oct 1, 2019 | News

Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea. Recoverable resources are estimated at 8–14 million standard cubic metres of oil equivalent, corresponding to 50–88...

Total and Envision join forces to capture the fast-growing distributed solar energy market in China

by Timothy Reeder | Oct 1, 2019 | News

TEESS, a 50/50 joint venture company, established by Total, and Envision Group, a global leading smart energy technology company, launches its commercial activity to develop on site distributed generation solar projects for B2B customers in China. TEESS will offer its...

Jan De Nul enters French renewables market

by Timothy Reeder | Oct 1, 2019 | News

Jan De Nul Group has signed its very first offshore wind contract in France! Its French subsidiary Sodraco International SAS will be responsible for the transportation and installation of 80 Offshore Wind Turbines on the 480MW Saint-Nazaire Offshore Wind Farm (OWF)....

Gazprom and KOGAS looking to expand cooperation on LNG

by Timothy Reeder | Sep 6, 2019 | News

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Hee-Bong Chae, President and Chief Executive Officer of KOGAS, took place today at the 5th Eastern Economic Forum in Vladivostok. The meeting participants reviewed the state and...

Siemens floating power plants will support New York’s renewable energy strategy

by Timothy Reeder | Sep 6, 2019 | News

Astoria Generating Company and Siemens signed a contract for the turnkey construction of two SeaFloat power barges to be equipped with eight Siemens SGT-A65 gas turbines. The barges will replace four existing power barges located at Gowanus Generating Station in the...