Rolls-Royce Power Systems reports another positive business performance

by Timothy Reeder | Mar 1, 2019 | News

Rolls-Royce’s Power Systems division put in another excellent performance in 2018, with adjusted revenue up 15 % to a record GBP 3.5 billion or EUR 3.9 billion (2017: GBP 3.0 billion / EUR 3.4 billion), and adjusted profit climbing to GBP 317 million (EUR 358...

ExxonMobil Makes Natural Gas Discovery Offshore Cyprus

by Timothy Reeder | Mar 1, 2019 | News

ExxonMobil recently announced that it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 feet (133 meters). The well was safely...

E.ON bids with ENGIE and EDPR for Dunkirk Offshore Wind Project in France

by Timothy Reeder | Mar 1, 2019 | News

E.ON plans to enter the French renewable energy market and has joined the ‘Dunkerque Eoliennes en Mer’ consortium. Together with the energy companies ENGIE from France and EDPR from Portugal, E.ON is taking part in the auction of the Dunkirk offshore wind farm...

Total Acquires France’s Synova

by Timothy Reeder | Mar 1, 2019 | News

Total recently announces that it has acquired Synova, a French leader in manufacturing high-performance recycled polypropylene for the automotive sector.  Synova produces 20,000 tonnes per year of polypropylene that meets the highest quality standards of original...

Total, Ørsted and Elicio join forces to bid for a wind farm offshore Dunkirk

by Timothy Reeder | Mar 1, 2019 | News

Total, a major energy player, Ørsted, renewable major, and Elicio, a renewable energy producer preselected by the French Energy Regulatory Commission, announce the creation ofan industrial consortium to submit a joint bid for the Dunkirk offshore wind farm project for...

Gazprom and CNPC discuss planned supplies of Russian gas to China

by Timothy Reeder | Mar 1, 2019 | News

A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to China recently. As part of the visit, a meeting between Alexey Miller and Wang Yilin, Chairman of the Board...