TechnipFMC Resolves US And Brazil Probes, Hopes To Settle French Case

Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities.

June 26, 2019


Petrofac Loses Out On $10 Billion In Contracts As SFO Probe Drags On

Oilfield services provider Petrofac lost out on $10 billion worth of contracts globally due to a probe by Britain’s Serious Fraud Office into dealings in Saudi Arabia and Iraq, its finance chief said on June 25.

June 25, 2019


Strong Ecosystem Missing Link To Blockchain’s Takeoff

Unable to make the transition from promising to transformational, blockchain’s potential is put into question by the energy industry.

June 10, 2019

Health, Safety & Environment , Emissions , Logistics , System Integrity

Opinion: The Story Behind Gas Leak Detection And The Terrible Price It Cost

Some of the new innovations being used to help detect leaks include fixed deployment of methane sensors in high consequence areas, aerial surveys using fixed wing, helicopter and drones.

June 3, 2019

Shale Plays , Logistics , Gathering & Processing

Siemens Enters Permian Gas Processing Market With Electric Compression Technology

Siemens was awarded a contract to provide three residue compression trains for two, 250 million (500 million total) standard cubic feet per day (MMscf/d) cryogenic gas plants in the Delaware Basin on May 30.

May 31, 2019

Investment , Renewables , Logistics , Storage

US Launches Large-Scale Project To Store Renewable Energy

A pioneering $1 billion project for large-scale storage of energy from wind and solar power has been launched in Utah, offering a way to manage the variability of renewable generation.

May 31, 2019

Logistics , Midstream

Back To The Drawing Board

Miniaturization of rupture disks requires redesign of equipment.

May 23, 2019

Investment , Renewables , Logistics

Vestas Takes Aim At Cheaper US Wind Power With New Turbine

Vestas launched a wind turbine targeting the U.S. market, aiming to simplify how they are built and cut costs further for the renewable energy source.

May 23, 2019


SKK Migas Adopts Halliburton Landmark Software

SKK Migas adopted the DecisionSpace suite of software to improve exploration and production efficiency through data analytics, integration and cross-disciplinary collaboration.

May 23, 2019

People , Logistics

Fluor Appoints Carlos Hernandez As CEO

Fluor Corp.’s board of directors has confirmed the appointment of Carlos M. Hernandez as CEO and named him a member of the board of the company on May 16.

May 20, 2019