Miami, Florida-based Abakan Inc. announced Tuesday that it has entered into a memorandum of understanding with Cone S.A. for construction of a manufacturing facility to suit large-scale clad pipe manufacture inside the new Suape Export ...
Tags: Abakan, Cone SA, Clad Pipe Plant
Russia's export of ESPO Blend crude loading from Kozmino port is fixed at 19 cargoes in May, the highest monthly figure since exports of the grade began in December 2009 and up from 17 in April. The increase is in line with the completion ...
Tags: Metallurgy, Mineral, Energy, oil
China should take advantage of relatively low coal prices and import more to satisfy electricity demand in its most populous provinces, instead of relying on domestic coal, which is expensive to transport, according to a Chinese government ...
Tags: domestic coal, coal prices, coal
Venezuelan President Hugo Chavez died Tuesday in Caracas after an almost two-year battle with cancer and 14 years of a dominating socialist presidency that leaves the country with the world's largest oil reserves mired in uncertainty. The ...
The UK government Friday gave its consent to Norway's Statoil to go ahead with the $7 billion Mariner oil field development which is set to be the UK's biggest new North Sea project in more than a decade. Statoil took the final ...
Neul has announced its first transceiver chip for 'white space' communications in 470-790MHz UHF TV bands. Called Iceni, the chip is intended for secure non-line-of-sight machine-to-machine (M2M) communications. Both 6 and 8MHz ...
Tags: Neul, transceiver chip, communications
GE Oil & Gas’ Drilling and Surface business announced it has introduced two new products for the upstream oil production sector, including the company’s first-ever Motor Cooling System (MCS) and a new high-efficiency electric ...
Tags: GE Oil&Gas, oil production, gas
The Province of Missan has emerged as a major oil producer in Iraq as more of its oil fields come on stream. Ali Muaarij, the head of Missan Oil Company, said foreign firms are developing these fields and currently the province produces ...
Tags: oil, Iraq, oil industry
Underlining its commitment to help strengthen Iraq’s energy infrastructure, GE Oil & Gas has established a new technology and service center near Basra City. The facility, which was opened earlier this month, brings the latest GE ...
Tags: Oil Production, GE, Oil, Gas
Methanex Corporation and Chesapeake Energy Corporation announced the execution of a 10-year agreement to supply all of the natural gas required for Methanex's one million tonne per year methanol plant in Geismar, Louisiana. Commencement of ...
Tags: Methanex Corporation, Chesapeake Energy Corporation, natural gas
The new P-63 Floating Production Storage and Offloading (FPSO) vessel featuring Wärtsilä 50DF dual-fuel engines, the first such ship to utilize gas engines to produce more than 100 MWe of power, has successfully completed all the ...
Tags: FPSO, Wartsila, full load tests, Groundbreaking
For a country with one of the largest reserves of natural resources in the world,the transformational potential of India's resources sector is immense.The sector has the potential to add USD 1 trillion to the Indian economy that can ...
Tags: economy, natural resource, greenfield exploration, poverty, India
Gulf News reported that UK based energy giant BP PLC has been invited back to bid for a renewal of its stake in Abu Dhabi’s oil concession and the Abu Dhabi National Oil Company aims to announce a shortlist of bidders soon. Although ...
Tags: oil, energy giant, oil concession, oil companies
Reliance Industries Limited (RIL) reported its financial performance for the quarter/half year ended 30th September, 2012. Highlights of Half Year’s Performance Revenues (turnover) increased by 14% to Rs 188,191 crore ($ 35.6 ...
Tags: financial performance, RIL, heavy crude oil
An article from Seeking Alpha speculates that Iraq could provide solid opportunities to oil field services firms like Baker Hughes, but points out that there are significant risks and issues that need to be addressed before international ...
Tags: Baker Hughes, Iraq, Lukoil