Fuel and energy

Venezuela shed another 216,000 b/d of crude production in December, bringing official monthly output to just 1.621mn b/d, the lowest level since the mid-1980s, not including a 2002-03 labor strike, according to official Venezuelan data cited by Opec

ExxonMobil today announced that it has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block.

HH Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of the State of Kuwait, yesterday received HE Mohammad Sanusi Barkindo, Secretary General of OPEC, for a meeting in Bayan Palace, Kuwait City.

GE’s Power Services business announced today that its largest ever flange-to-flange (F2F) replacement project in Japan was successfully completed and is expected to save approximately $71 million in annual fuel costs.

Quinbrook Infrastructure Partners today announced that the Quinbrook Low Carbon Power Fund has closed construction and tax equity financing of the 200 Megawatt (MW) first stage of the GE-powered 365 MW Persimmon wind farm project in Oklahoma.

To expedite research and commercialization of new energy-related technologies, power management company Eaton and the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) have entered into a cooperative agreement to co-locate approximately...

 

Digital receivers installed in the aircraft tankers transmit information on routes, speed and vehicle manoeuvres in transit to the monitoring system, in real time, at 50 airports at which the company operates.

Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market.

Enterprises of the TATNEFT Croup of Companies produced 28,939 thousand tonnes of crude oil during the twelve months period, which was 253 thousand tonnes more, than in 2016 (100.9%).

Adding white graphene to ceramics could lead to materials tough enough for use in nuclear power plants.

Toshiba Corporation today announced that it has completed early payment of the full amount of the parent company guarantee obligation in respect of the construction of Westinghouse AP1000 reactors at Units 2 and 3 of the V.C.

Jacobs Engineering Group Inc. (NYSE:JEC) has been selected by BP to provide engineering, procurement and construction management (EPCM) services for the Phase 2 of the Khazzan Project in the Sultanate of Oman.

Implementation of the software is expected to begin in January 2018 and to be completed approximately by the end of the year.