BP today announced it has agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partners for £324 million ($486 million). BP is currently the operator of CATS.
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that its subsidiary, Jacobs Projects (Shanghai) Co., Ltd., has acquired a controlling interest in Suzhou Han’s Chemical Engineering Co., Ltd. (SHCE) in China. The company is now Jacobs Engineering (Suzhou) Co., Ltd.
Statoil, Eni Norge, Lundin Norway, OMV and GDF SUEZ will collaborate on solving operational tasks tied to exploration in the Barents Sea.
The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve liquefied natural gas (LNG) exports, Rob Franklin, president of ExxonMobil Gas & Power Marketing Company, said today.
ThyssenKrupp is selling the VDM group to Lindsay Goldberg, represented in Europe by Lindsay Goldberg Vogel, Düsseldorf. The contract partners concluded a corresponding agreement today. The purchase price has not been disclosed. Completion of the sale is subject to the approval of the supervisory boards and the competent antitrust authorities.
Sembcorp Industries (Sembcorp) continues its growth momentum in the renewable energy business. In China, the company’s renewable energy business is expanding in Huanghua, Hebei province, with the development of two wind farms.
DONG Energy has agreed to take over RES Americas Developments Inc.’s (RES) more than 1000MW newly assigned development project rights off the coast of Massachusetts.
AVEVA has announced today the release of a new business paper: “The Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations”. This paper focuses on the importance of the Digital Asset for both Engineering, Procurement, & Construction companies (EPCs) and Owner Operators (OOs).
Gazpromneft Bitumen Materials (Gazpromneft BM LLC), operator of the Gazprom Neft bitumens business, has completed the first shipment of polymer—bitumen binders* to Italy, having also begun supplying the Czech Republic and Lithuania since the beginning of this year.
Gazprom Neft and Vietnam Oil and Gas Group (Petrovietnam) have signed a series of agreements to extend their collaboration activity. The documents were signed in Hanoi (Vietnam), in the presence of the Prime Minister of the Russian Federation, Dmitry Medvedev and the Prime Minister of Vietnam, Nguyễn Tấn Dũng.