Diamondback acquires two oil companies in a $3 billion deal
Diamondback Energy announced Monday a pair of acquisitions of more than $3 billion worth – QEP Resources and Guidon Operating LLC. According to the Company,...
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Why FPSO units challenge the pandemic and will dominate South America?
The Floating Production, Storage and Offloading (FPSO) units are a growing trend in upstream, and they suppose a major technological leap for deep-water production. As...
Energy Fuels plans rare earth metals production for magnet alloys
The Utah-based uranium firm, Energy Fuels, announced Monday it plans to produce neodymium and praseodymium for magnets. According to the company, they’re willing to work...
Brazos Midstream to upgrade two cryogenic processing plants with Honeywell UOP
Brazos Midstream Holdings LLC. announced Monday Honeywell UOP would upgrade two of its cryogenic processing plants. The two plants, located in the Permian Basin, in...
Citgo to reschedule Corpus Christi refinery turnaround
Citgo Petroleum Corp may postpone a planned overhaul at its Corpus Christi Refinery, the company said on Monday. The overhaul was planned to happen in...
EDF Renewables signs 55MW PPA with BASF
EDF Renewables North America announced Monday it had signed a Power Purchase Agreement (PPA) with the chemical company BASF Corporation. Through this contract, EDF Renewables...
Trump admin shrinks the size of Alaska leases due to opposing comments
The Bureau of Land Management (BLM) under Trump’s administration has shrank the size of the Alaska Arctic National Wildlife Refuge leases, over opposing comments of...
Hilde Tonne, new CEO of Norway’s Statnett
Norway’s top electrical company Statnett has announced Hilde Tonne as its new CEO, confirming Norway’s determination to create a diverse and inclusive energy sector. Statnett...
New Covid19 strain hits oil; Brent remains at $50
Oil prices have been hit by the new covid19 strain as investors worry about a slower recovery than expected. In the meantime, more countries close...
Lloyd’s Register and NETSCo to design US wind turbine installation vessel
Lloyd’s Register North America, the maritime classification society, will work with Northeast Technical Services (NETSCo) to design and develop a wind turbine installation vessel (WTIV)....