Russia's Oil Output Steady
Monthly oil output in Russia, the world's biggest producer, was flat in October, according to energy ministry data published on Sunday. Russia pumped an average…
Denmark Plans to Phase Out Coal by 2025
Denmark should ban coal use by 2025 to make the Nordic nation a leader in fighting global warming, adding to green measures ranging from wind energy to bicycle power, Denmark's climate minister said on Saturday. Denmark has already taken big steps to break reliance on high-polluting coal - wind turbines are set to generate more than half of all electricity by 2020 and 41 percent of people in Copenhagen cycle to work or school, higher than in Amsterdam.
Venezuela, Ecuador to Defend Oil Prices
Venezuela and Ecuador are working on a joint proposal to defend oil prices that the two countries will present at the next OPEC meeting, Venezuelan President Nicolas Maduro said on Friday. Venezuela was the first country to request an extraordinary meeting of Organization of the Petroleum Exporting Countries to discuss the sharp drop in crude prices that began in October, but the idea got little support.
Egypt Signs $350 mln in Oil, Power Financing Deals with Saudi
Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and securing imports of petroleum products…
French Nuclear Plants in New Mystery Drone Overflights
Unidentified drones illegally overflew five French nuclear power plants overnight, a source with knowledge of the matter said on Saturday, in the latest of a series of unexplained incidents that have raised safety concerns. The small unmanned aircraft were detected late on Friday above the five plants in northern and eastern France, the source said, confirming an earlier report by Agence France-Presse.
Bangladesh Power Cut Plunges Millions into Darkness
Bangladesh was hit on Saturday by a major power outage that brought much of normal life to a standstill, forced hospitals and garment factories to rely on back-up generators and even plunged the prime minister's official residence into darkness. "The national grid collapsed so the whole country lost power," said Mohammad Saiful Islam, a director of state-run Bangladesh Power Development Board. Poor and densely populated…
Temporary Suspension of 2nd Southbound Convoy
Effective from today, the entry of the second southbound convoy into the Suez Canal has been suspended until completion of cleansing and dredging work in the new Canal area.
LNGL Extends Gladstone Lease
* LNGL has signed a non-binding memorandum of intent (MOI) for gas supply with Tri-Star Petroleum Company (Tri-Star). Liquefied Natural Gas Limited yesterday announced that its 100% owned subsidiary, Gladstone LNG Pty Ltd has agreed to a Variation to the Agreement for Lease with the Gladstone Ports Corporation until 31 March 2016 in two phases. The first phase is an extension of the term from 1 November 2014 to 31 March 2015…
General Dynamics Lands $84 Million Naval Award
The U. S. Navy has awarded General Dynamics Electric Boat a $83.8 million contract modification to continue development of the Common Missile Compartment for the Ohio replacement submarine and the United Kingdom's Successor ballistic-missile submarine. The contract provides funding for 17 tactical missile tubes: 12 for the U.K. Successor submarine; four for the Ohio Replacement submarine; and one for the Strategic Weapons System - Ashore test facility.
EMGS Receives LoI for BOA Thalassa
Electromagnetic Geoservices ASA (EMGS) has received a letter of intent worth USD 7.0 million from an oil company for 3D EM data acquisition in Thailand and Myanmar. "This is the first time we operate for this customer and also the first time we operate in Thailand and we are of course pleased to demonstrate the value of our EM technology to this company," says Giles Denby, President Eastern Hemisphere of EMGS.
BG Group Selects Rolls-Royce Trent 60 DLE
Rolls-Royce is proud to announce that BG Group has selected the Trent 60 DLE industrial gas turbine as the driver for the main refrigeration compressors in the proposed Lake Charles LNG Export project in Louisiana, USA. BG Group and Rolls-Royce have also agreed the terms of a Long Term Service Agreement covering the support and maintenance of the equipment for up to 25 years that will help deliver high levels of availability for this important LNG plant.