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Business
BP invests in new artificial intelligence technology
BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence…
ABB powers electric transportation in Switzerland
Davos, Switzerland - ABB powers first e-shuttle to annual meeting of 2019 World Economic Forum in Davos which took place from…
Marsh Bellofram Acquires Lowery Well Heads and EZ Flow Control/Talco
...Boosts offering to oil and gas industry
Newell, W.Va.— Recent acquisitions are enabling Marsh Bellofram to round out its…
Survey says US oil and gas firms are ready to spend as confidence grows
By Kalu Emmanuel Chidubem
Executives in the U.S. oil and gas industry are said to be much more
optimistic about growth in the…
First tanker of Indy fuel leaves MPC refinery
On January 14th 2019, the first truck of Indy fuel was loaded out of MPC's Catlettsburg refinery. “We are excited to be a part of…
New global alliance commits over $1.0 billion to end plastic waste in the environment
Sets goal of investing $1.5 billion USD
An alliance of global companies from the plastics and consumer goods
value chain…
Shell appoint Wael Sawan as new Upstream Director
Royal Dutch Shell plc has officially announced the appointment of Wael Sawan as Upstream Director with effect from 1st July 2019.…
BelGAS CP P5300 Series Back Pressure Regulator
NACE-MRO175 construction, 300 psi max pressure, 100% interchangeability
Newell, W.Va.—The BelGAS CP P5300 Series back…
Rainmaker Seeks Buyer For 1000MW Gas Power Station in London
Rainmaker, a Canadian based company involved with Power Generation, Pipelines, Logistics, Oil & Gas Field development, is…
African Energy Chamber Congratulates Equatorial Guinea on Setting Up One-Stop Shop for Investors and…
The government does recognize it has an enormous task of fostering an environment where investors and small and medium…
Maersk Drilling strengthens its Board of Directors
Maersk
Drilling Holding A/S has made the planned progress to
ensure the company is ready for an independent listing on Nasdaq…
COP24: World Bank pledges $200bn for low-carbon projects
By Kalu Emmanuel Chidubem
The World Bank has today promised to double its investment plans for low-carbon projects to $200bn…
Total Launches a Pioneering Line of Fluids for Electric and Hybrid Vehicles
Paris – Total is consolidating its position as key player in electric mobility by launching today an innovative line of fluids for…
Switch to electric cars would cost Germany 114,000 jobs, study shows
Nuremberg (dpa) - A transition to e-mobility would cost Germany around 114,000 jobs in the long term, according to a study…
Rainmaker Well Positioned to Deliver Innovative Solutions in Nigeria’s Energy Sector
By Ndubuisi Micheal Obineme
Rainmaker, a Canadian based company with its headquarter in Calgary, has proven its ability by…
Equatorial Guinea: Oil Producers should ‘Stand Together’
Collaboration of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in committing and adhering to oil…
Damen, Adriatic Marinas and the Montenegrin Government sign contract for redevelopment of Bijela…
Consortium to transform site into superyacht repair and refit facility
The consortium of superyacht marina development and…
Shell completes divestment of upstream interests in Ireland worth $1.30 billion
Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in…
Shell completes sale of Draugen and Gjøa interests to OKEA
A/S Norske Shell has completed the sale of its interests in the Draugen and Gjøa fields in Norway for 4,52 Billion NOK (~US$526…
Angela Merkel’s plane makes emergency landing on way to G20 summit
By Joerg Blank, dpa
German government planes have recently hit the headlines over technical glitches. But the incident involving…
African Energy Chamber urges oil producers to support OPEC’s efforts on stabilizing the oil markets
The Chamber urges African producing nations, both those that are Organization of the Petroleum Exporting Countries (OPEC) members…
G20 Leaders’ Summit kicks off in Argentina
Over two days, heads of State and Government from the world’s leading economies will address some of the most pressing issues on…
Naviera Integral signs contract with Damen for its 15th Fast Crew Supplier FCS 5009
Leading Mexican offshore contractor Naviera Integral has signed a contract with the Damen Shipyards Group for the delivery of a…
Société Nouvelle signs contract with Damen Shipyards Group
Damen Shipyards Group has recently signed a contract with Société de Remorquage et de Travaux Maritimes (SNRTM) for the delivery…
Benin, Burundi, others made significant progress in de-risking renewable energy projects
In 2018, Benin, Burundi, Malawi, Uganda and Zambia made significant progress in de-risking renewable energy projects in their…
Mexico E&P: aiming high, but growth unlikely to materialize
Mexico’s production has been following a declining trend, which is not expected to be reversed before at least 2025. Despite high…
Wabote Bags Fellowship Award for Engineering Excellence
Engr. Simbi Kesiye Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board was on Thursday in Port…
Equatorial Guinea congratulates TechnipFMC and Schlumberger on local content compliance
The announcement follows the decision, earlier this week, to cancel all contracts awarded to international oil services firm…
Industry Players Set Agenda at Sustainable Ocean Summit 2018
The 6th Sustainable Ocean Summit just ended after three tremendous days in Hong Kong. As Maisie Cheng, Director of Marine, Hong…
AFDB allocates $150m to fund electrification projects in Nigeria
By Ndubuisi Micheal Obineme
The African Development Bank Group (AFDB) have allocated $150 million to the Nigerian Government in…