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