Shelf Drilling, Ltd. announced today that it has secured a five-year contract for the recently acquired premium jack-uprig Shelf Drilling Victory for operations in the Arabian Gulf. The contract value for the firm period,including mobilization revenue, is approximately USD 236 million. The contract also includes...
Touchstone Exploration announced that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located in the Ortoire block, where Touchstone has an 80...
Petrofac, a leading provider of services to the global energy industry, has been selected by Hartshead Resources to conduct an engineering study to define its Phase I offtake route from their Somerville and Anning gas fields. The study aims to define an efficient and fast route...
Fitch Ratings has lowered its UK GDP forecast for 2023 since the publication of the latest Global Economic Outlook (GEO) in September following extreme volatility in UK financial markets and the prospect of sharply higher interest rates. We now expect UK GDP to decline by...
The manufacturing site joins an exclusive list of facilities recognized for leveraging digital technology to increase performance while improving sustainability SANTA CLARA, Calif.--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) today announced ...
US-Saudi relationship is going to take a turn for the worse due to production cuts announced by the OPEC+ in proportion to the rising oil prices in the coming weeks. The OPEC+ move caught the US off-guard, President Biden has now made it clear that...
A beautiful love affair between two trucks: this is Volvo Trucks’ unusual approach to highlight the driveability and fuel efficiency of its bestseller, the Volvo FH. Fuel efficiency and the joy of driving are often seen as two opposites among truck drivers. Simply put, you can’t...
Volvo Trucks will deliver fully electric heavy-duty trucks to Amazon in Germany by year end. The 20 Volvo FH Electric are expected to drive more than one million road kilometres annually, fuelled with electricity instead of diesel. "Heavy goods vehicles and other commercial vehicles make up...
In the third quarter of 2022, the average net production to PetroNor E&P ASA (OSE ticker: “PNOR”) was increased to 4,130 bopd1, resulting from the benefits of the infill drilling programme on the PNGF Sud license in Congo which raised daily net production to over...
Stellantis N.V. and GME Resources Limited announced the signing of a non-binding Memorandum of Understanding (“MOU”) for the future sale of quantities of battery grade nickel and cobalt sulphate products from the NiWest Nickel-Cobalt Project in Western Australia (“NiWest”). NiWest is an advanced nickel-cobalt development project...
EL CAMPO, Texas--(BUSINESS WIRE)--Prairie Energy Partners, a wholly owned company of Southern Rock Energy Partners (www.southernrockenergypartners.com), is working to finalize the location of its proposed $5.56 billion and 423-job next-generation, full...
In an open letter, 13 CEOs of leading European solar organisations urge the European Commission to take bold action to boost investment in Europe’s solar PV industrial base, in order to reinforce the Commission’s solar deployment and energy security ...