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Russia's Rosneft CEO Says Takeover Of India's Essar Is Closed

The takeover of India's Essar Oil by Russia's largest oil producer Rosneft can be now considered as closed.
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Gas Leak at Gjoa

A gas leak occurred late Wednesday at the ENGIE E&P operated Gjoa field, located in the North Sea, according to a company statement.
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Enerflex To Acquire Mesa Compression

Enerflex has agreed to acquire the compression business of Mesa Compression for US$106 million. Mesa Compression, headquartered in Oklahoma City, Oklahoma, has 689 compression packages producing 112,000 hp (83,518 kW) and 55 employees with operations in Oklahoma, Texas and New Mexico. The acquisition expands Enerflex’s presence into the Permian and Scoop/Stack Basins and increases its […]

The post Enerflex To Acquire Mesa Compression appeared first on COMPRESSORtech2.

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GE Powers Naval Vessel

GE Marine Solutions said that the United States Navy’s 10th Littoral Combat Ship (LCS), the USS Gabrielle Giffords, is powered by two LM2500 marine gas turbines. “This is the fifth such LCS in a 10-ship Independence–variant ship program with Austral USA that uses our LM2500—the world’s most reliable marine gas turbine. The two LM2500 engines

The post GE Powers Naval Vessel appeared first on Diesel & Gas Turbine Worldwide.

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Australia Energy Company Requests Arbitration In Row Over Oil Project

Woodside Petroleum confirms that fellow Australian energy company FAR Ltd had requested arbitration in an ownership dispute that has delayed a promising oil project off Senegal.
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Protest-Hit Ethiopia Region Plans Oil Company To Calm Unrest

A central Ethiopian region that's seen almost two years of sporadic anti-government protests is planning a new private oil company and is in talks to import Middle Eastern crude.
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Oil Drops To 10-Month Low; Biggest First-Half Slide In 20 Years

Oil prices ended down more than 2% after hitting a 10-month low in volatile trade.
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Norwegian Production Declining

Norwegian production is decreasing, according to preliminary output figures released by the Norwegian Petroleum Directorate.
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Storm Cindy Crimps Shipping, Forces Energy Workers Out of Gulf

Tropical Storm Cindy shuts energy production in the Gulf of Mexico, disrupted shipping and forcing workers off oil and gas platforms.
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Mexico Seen Importing More US Gasoline With Top Refinery Out

Mexico is expected to increase imports from the US with Pemex's biggest refinery out of service for at least two weeks.
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Poland Suspends Russian Gas Supplies Via Yamal Pipeline Due To Poor Quality

Poland temporarily halted gas deliveries from Russia via the Yamal pipeline due to poor quality of the gas.
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Faroe Islands Looks To Restart Hunt For Oil And Gas

Oil companies are interested in restarting the hunt for oil and gas in the scarcely explored seas off the Faroe Islands.
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Venezuela's PDVSA Says Cardon Refinery Cracker Working Normally

The catalytic cracking unit at Venezuela's 310,000-barrel-per-day (bpd) Cardon refinery is now working normally.
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Michigan Fires Contractor Doing Enbridge Oil Pipeline Risk Analysis

The US State of Michigan said it has fired a consultant after state officials discovered a conflict of interest with an employee of the company.
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Democratic Lawmakers Raise Pressure On EPA Over Icahn's Biofuels Role

US Democratic lawmakers asked EPA head Scott Pruitt to disclose procedures to prevent billionaire Carl Icahn from influencing US biofuels policy.
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Kemp: Saudi Arabia Eases Austerity Just As Oil Prices Decline

Saudi Arabia's decision to reverse some of last year's austerity measures coincides with a renewed decline in oil prices and complicates the financial and economic outlook.
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IEA: Rapid Nuclear Decommissioning Threats Climate Targets

Decommissioning nuclear plants in Europe and North America from 2020 threatens global plans to cut carbon emissions unless governments build new nuclear plants or expand the use of renewables.
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CB&I Says Its US Gulf Coast 'Winning Streak' Continues

CB&I has won an approximately $40 million contract from DuPont.
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Fuel Oil Margins Rise To 5-Year High, Potential Boon For Simple Refiners

Fuel oil profit margins have surged to their highest in more than five years on lower supplies and rising demand from electric power generators.
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Norway Offers Record Number Of Blocks For Arctic Oil Exploration

Norway offers a record number of blocks for oil and gas exploration in the Arctic Barents Sea.
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