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CNOOC Limited: Exploration And Development Laid Solid Foundation Lowering Costs And Enhancing Efficiency Program Achieved Outstanding Results

SOURCE: CNOOC Limited | 27 March 2015

In 2014, the Company achieved various breakthroughs in exploration and the reserve replacement ratio for the year was 112%. Benefitting from the Company's innovations in "thinking outside the box", technology and management, the Company made 20 new commercial discoveries and appraised 18 oil and gas structures successfully.

FMC Technologies And Technip To Launch Forsys Subsea

SOURCE: Technip | 22 March 2015

FMC Technologies Inc. and Technip today signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders. This alliance will redefine the way subsea fields are designed, delivered and maintained.

SPDC Completes Sale of Oil Mining Lease 18 In Nigeria

SOURCE: Shell | 20 March 2015

The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its 30% interest in oil mining lease (OML) 18 and related facilities in the Eastern Niger Delta. Its interests in OML18 were assigned to Eroton Exploration & Production Company Limited. Total cash proceeds for Shell amount to $737 million.

BASF Continues To Evaluate Natural Gas-Based Investment On The U.S. Gulf Coast

SOURCE: BASF | 19 March 2015

BASF has made progress in its plans to build a world-scale methane-to-propylene complex on the U.S. Gulf Coast. The company has selected Freeport, Texas, as the potential site. It will use Air Liquide’s proprietary Lurgi MegaMethanol and Methanol-to-Propylene (MTP) technologies. BASF has contracted Air Liquide to provide basic engineering services for this gas-to-propylene complex.

Nordsee One Offshore Wind Farm Reaches Financial Close

SOURCE: RWE | 19 March 2015

Northland Power Inc., Toronto ("Northland") and RWE Innogy GmbH, Essen (“RWE”), today announced that the €1.2 billion Nordsee One project has reached financial close, with all of the equity contributed to the project and all debt required for the project now fully committed by the project lenders.

VINCI Acquires Orteng Engenharia e Sistemas And Boosts Its Positions In Brazil

SOURCE: VINCI | 16 March 2015

VINCI Energies has finalised the acquisition in Brazil of the Orteng Engenharia e Sistemas S.A. company headquartered in Belo Horizonte, Minas Gerais. Founded in 1977, Orteng designs, builds and maintains electrical equipment, PLCs and turnkey solutions, primarily for the energy, manufacturing and infrastructure sectors.

Egypt And Siemens To Massively Increase Power Generation Capacity

SOURCE: Siemens | 14 March 2015

Siemens and the Egyptian government have reached firm agreements today to build a 4.4 GW combined-cycle power plant and install wind power capacity of 2 GW. Siemens will build a factory in Egypt to manufacture rotor blades for wind turbines, creating up to 1,000 jobs and therefore nearly trebling Siemens' footprint in the country.

Marin Clean Energy And Calpine Sign Agreement To Displace System Power Purchases With Local, Affordable Energy

SOURCE: Calpine Corporation | 09 March 2015

Calpine Corporation (NYSE:CPN) and Marin Clean Energy (MCE) today announced a new three-year agreement under which Calpine will deliver electric energy from Calpine’s Delta Energy Center and other of its Northern California facilities through 2017. These facilities are part of Calpine’s next generation of reduced-emission power plants fueled by natural gas.

Gamesa And AREVA Create The Joint-Venture Adwen

SOURCE: AREVA | 09 March 2015

Gamesa and AREVA announce today that they have signed the definitive agreements and have closed the transaction for the creation of Adwen, a joint venture dedicated to offshore wind, having 700 employees, 50-50 owned by its two parent companies and registered in Zamudio, Spain.

Rosneft And Golar LNG Expand Cooperation In The Area Of LNG

SOURCE: Rosneft | 05 March 2015

Rosneft and Golar LNG Limited signed a Memorandum of Understanding that foresees cooperation between the companies in the area of liquefaction and transportation of natural gas.