News by Industry

Oil / Energy

Releases published in the last 30 days.

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Fortum and St1 to start a pilot project for geothermal heat production in Espoo
11/28/2014 4:08:50 PM
Energy companies Fortum and St1 will start collaboration with the goal to build Finland’s first industrial-scale geothermal pilot heat plant. St1 will begin planning the pilot production plant, which is estimated to be completed in 2016. A construction site for St1’s geothermal production plant is being sought out in the area where Fortum’s Otaniemi or Kivenlahti heat …
Neste Oil launches a new low-sulphur marine fuel in December
Neste Oil launches a new low-sulphur marine fuel in December
11/27/2014 12:29:55 PM
Neste Oil will bring to the market a low-sulphur marine fuel in accordance with the EU Sulphur Directive requirements entering into force in 2015, and will begin distributing it in mid-December. The new fuel will significantly reduce sulphur, nitrogen and particle emissions in marine transportation. The Sulphur Directive sets a maximum sulphur limit of 0.1 per cent for marine …
Pöyry awarded nickel emissions reduction engineering services assignment by Vale at Copper Cliff Nickel Refinery, Canada
11/27/2014 11:27:27 AM
Vale Canada Limited has awarded Pöyry (Montreal) Inc with the detailed engineering and construction site assistance services assignment for the nickel emissions project at Copper Cliff Nickel Refinery in Sudbury, Ontario, Canada. The project involves a new baghouse with auxiliaries for the Nickel Refinery Converter (NRC) plant to treat the gases from the nickel refining …
Marubeni Corporation to Distribute Exclusively EnerG2’s Next-Generation Energy Storage Materials throughout Asia
11/26/2014 9:32:15 AM
Marubeni Corporation today announced an exclusive distribution agreement with EnerG2 ( ), a Seattle-based company manufacturing advanced carbon materials for next-generation energy storage devices. Under the agreement, Marubeni will have the exclusive rights in Asia – including Japan, China, Taiwan, Korea and Malaysia – to distribute EnerG2’s carbon materials …
Duke Energy residential customer rates to decrease for Florida customers in January 2015
11/25/2014 6:27:13 PM
Duke Energy today announced a reduction in residential electricity bills beginning with the first billing cycle of January 2015. As approved by the Florida Public Service Commission (FPSC) today, residential customers will see a decrease of approximately $0.16 per month on a 1,000-kilowatt-hour (kWh) residential bill. This will reduce the current price of $125.29 to …
Safar Highlights Products at Mangystau Oil & Gas
Safar Highlights Products at Mangystau Oil & Gas
11/24/2014 12:16:33 PM
Safar Oilfield Services showcased a comprehensive list of oilfield products and equipment at the 2014 Manygstau Oil, Gas & Infrastructure event. Held 11-13 November at the Grand Nur Plaza Hotel & Convention Center in Aktau, the event brought together over 70 exhibitors and 1,200 attendees from key companies throughout Central Asia. The first two days of the event …
Siemens Receives Power Island Order with H-class Turbine Technology in Ohio, U.S.A.
11/21/2014 12:32:08 PM
Siemens has received an order from Black & Veatch for Power Island equipment to be utilized at the newly developed Oregon Clean Energy Center (OCEC) in Oregon, northwest Ohio. OCEC will be the site of an 869 megawatt H-class combined-cycle power plant (CCPP). Siemens will engineer and deliver the thermodynamic cycle design and Power Island configuration as well as perform …
Black & Veatch Named EPC Contractor for High-Efficiency Combined Cycle Power Project
11/21/2014 9:41:32 AM
Black & Veatch has been selected as prime contractor for the engineering, procurement, construction and startup of the Oregon Clean Energy Center (OCEC) in Oregon, Ohio. The natural gas combined cycle power plant is being developed by North America Project Development, LLC (NAPD) with equity financing from Energy Investors Funds and I Squared Capital. The 869 megawatt …
FERC Approves Merger of Exelon and PHI Holdings Inc.
11/21/2014 9:30:41 AM
The Federal Energy Regulatory Commission (FERC) yesterday approved the proposed merger of Exelon Corporation (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM). The companies announced their proposed merger on April 30. The combination of the companies will bring together Exelon’s three electric and gas utilities – BGE, ComEd and PECO – and Pepco Holdings’ (PHI’s) three electric …
Panasonic-Backed Tokai University Team Wins Carrera Solar Atacama 2014 in Chile
Panasonic-Backed Tokai University Team Wins Carrera Solar Atacama 2014 in Chile
11/19/2014 1:50:22 PM
Panasonic Corporation today announced a team from Tokai University in Japan won the Carrera Solar Atacama 2014, South America’s biggest solar car race, with a solar car that was powered by Panasonic’s HIT®* solar modules and high-capacity lithium-ion batteries. This year’s competition in the Atacama Desert saw 25 teams from six countries participate with their vehicles fueled …
Neste Jacobs Selected to Implement Norilsk Nickel LNG Station in Harjavalta, Finland
11/19/2014 1:31:35 PM
Technology, engineering and project management company Neste Jacobs will perform Project Management, Engineering, Procurement and Construction Management services to construct Norilsk Nickel LNG Station in Harjavalta, Finland. Neste Jacobs will carry out the project during the years 2014 to 2015. The upcoming LNG Station can store up to 300 m³ of liquefied natural gas. Natural …
Avalara Survey Reveals Natural Gas Adoption Rising While Tax Compliance a Critical Challenge
11/19/2014 11:33:43 AM
Avalara, Inc., ( ), a leading provider of cloud-based software that delivers a broad array of compliance solutions related to sales tax and other transactional taxes, today announced new survey results highlighting growing fuel and trucking business challenges related to natural gas tax compliance. Almost half the respondents are currently selling or using …
Morgan Stanley Installs Bloom Energy Fuel Cells at Purchase, NY Facility
11/17/2014 11:27:48 AM
At a ribbon-cutting ceremony today, Morgan Stanley unveiled a new fuel cell system manufactured by Bloom Energy.  The system, which was installed at the firm’s headquarters facility at 2000 Westchester Avenue in Purchase, NY, is now operational and supplying energy to the building.  The fuel cell system, along with a solar panel field completed earlier this year, are the …
Bechtel to Design and Build a Combined-Cycle Power Plant in Virginia
11/17/2014 9:26:28 AM
Bechtel announced today that the company is part of a consortium awarded the engineering, procurement, and construction contract to build a natural gas-fueled, combined-cycle power plant in Loudoun County, Virginia. The Stonewall Energy Project, a 778-megawatt facility with advanced emissions-control technology, will be one of the cleanest and most efficient plants in the …
The feel of a Porsche with the fuel consumption of a compact car
The feel of a Porsche with the fuel consumption of a compact car
11/17/2014 9:22:40 AM
Performance and efficiency – The new Cayenne S E-Hybrid proofs that these two characteristics don´t exclude each other. During the course of an international road test event for the media at the end of October, the world’s first premium SUV plug-in hybrid was put through its paces for the first time. Over a total distance of more than 4,200 kilometres it consumed just 5.6 …
Eni and Sonangol signed a strategic agreement on Angolan gas development
11/17/2014 8:29:55 AM
The Chairman of Sonangol, the National Oil Company of Angola, Francisco de Lemos Maria, and Eni’s CEO Claudio Descalzi signed today a strategic agreement on future co-operation activities and joint projects in the oil and gas sector to develop in the country. Under the agreement, Eni and Sonangol will set up a joint team aimed at studying the potential of the non-associated …
Proposed Kinder Morgan Merger; Investors Contemplating Taxes
11/16/2014 1:16:36 PM
As a result of the proposed consolidation of various entities related to Kinder Morgan (NYSE: KMI), more and more investors are interested in tax planning related to a firm’s sale.  Whenever there is an unanticipated merger, interest usually increases in tax planning to avoid the large tax bill experienced by shareholders.    The proposed Kinder Morgan transaction has caught …
SNC-Lavalin group member, Kentz Corporation, awarded a three-year contract in Iraq
11/13/2014 11:37:49 AM
SNC-Lavalin (TSX: SNC) is pleased to announce that Kentz Corporation, a member of the SNC-Lavalin Group, has signed a Project Management Contractor Agreement in Iraq with one of the world’s leading blue-chip International Oil Companies (IOC) for a three-year term with a potential value of up to approximately CAN$110 million. The contract includes procurement, engineering, …
TWI and Safar Attend ADIPEC 2014
TWI and Safar Attend ADIPEC 2014
11/13/2014 9:47:16 AM
TWI and Safar Oilfield Services recently attended the 2014 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). Held 10-13 November in Abu Dhabi, UAE, the annual event provides a premier opportunity for key market leaders and organizations to meet, exhibit new products and solutions, and network. This year’s event attracted more than 600 speakers from 111 …
Residential Solar Energy Storage Market to Grow by Factor of 10 from 2014 to 2018
11/12/2014 10:41:38 AM
The global market for grid-connected residential photovoltaic (PV) solar installations coupled with energy storage is predicted to grow tenfold to reach more than 900 megawatts (MW) in 2018, up from just 90 MW in 2014, according to new analysis from IHS Technology (NYSE: IHS). This expanding opportunity for PV companies and battery manufacturers largely will be driven by the …