BP to sell Alaska business to Hilcorp

by Timothy Reeder | Aug 30, 2019 | News

BP today announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 billion. The...

Total Inaugurates Its Thousandth Solar-Powered Service Station

by Timothy Reeder | Aug 30, 2019 | News

Total today inaugurated its thousandth solarized service station, powered by solar panels. The rooftop solar systems at the TOTAL Palmeraie retail outlet in Marrakech, Morocco, are a milestone in the company’s program to solarize certain of its service stations...

Siemens wins order for first HVDC link between Great Britain and Denmark

by Timothy Reeder | Aug 30, 2019 | News

Siemens has been awarded a contract to deliver two converter stations for the first high-voltage direct-current (HVDC) link between Great Britain and Denmark. Viking Link will enable the exchange of electricity up to 1,400 megawatts (MW) to provide increased...

All foundations on Formosa 1 Phase 2 installed

by Timothy Reeder | Aug 30, 2019 | News

Jan De Nul Group has successfully completed installation of all twenty foundations on the 120MW Formosa 1 Phase 2 wind farm in Taiwan. As part of Jan De Nul Group’s EPCI contract for building of the overall Balance of Plant, Jan De Nul Group mobilised the Seaway...

New light oil discovery in the Barents Sea

by Timothy Reeder | Aug 30, 2019 | News

Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20-65 million barrels of oil. The Sputnik well was drilled in licence PL855, approximately 30...

Siemens continues to grow despite significant headwinds in key markets

by Timothy Reeder | Aug 2, 2019 | News

Orders grew 8%, to €24.5 billion, and revenue rose 4%, to €21.3 billion, for a strong book-to-bill ratio of 1.15 and record high order backlog of €144 billionOn a comparable basis, excluding currency translation and portfolio effects, orders increased 6% and revenue...