Tag Archive

DEA Deutsche Erdoel AG turns 120

DEA Deutsche Erdoel AG turns 120

January 10, 2019 No Comments

The oil and gas production company DEA Deutsche Erdoel AG turned 120 years today. DEA is one of the most long-standing E & P companies in the world and was one of the first players at the dawn of the commercial oil production era. In Germany, DEA has provided important economic stimulus and made a […]

Wood Announce Pre-close trading update for the year ended to 31 December 2018

Wood Announce Pre-close trading update for the year ended to 31 December 2018

December 12, 2018 No Comments

FY 2018 trading performance and outlook Our positive trading momentum has continued and our full year results will demonstrate good organic revenue growth. We have delivered a stronger second half, due to our typical second half bias and the phasing of cost synergies, projects and the wider market recovery. We expect full year revenue to […]

Repsol  advocates natural gas as a key energy source for the decarbonization of Europe

Repsol advocates natural gas as a key energy source for the decarbonization of Europe

October 5, 2018 No Comments

Repsol Chairman Antonio Brufau opened the fourth edition of the company’s Energy for Europe Conferences in Brussels, attended by European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs, Elżbieta Bieńkowska and other members of the European Parliament. During his address, Brufau emphasized the need for regulation that facilitates the energy transition while maintaining the competitiveness […]

Europe to Become ‘Massive’ Buyer of U.S. LNG – Trump

Europe to Become ‘Massive’ Buyer of U.S. LNG – Trump

July 26, 2018 No Comments

The United States and and European Union agreed to work towards facilitating more U.S. natural gas shipments to the Continent. Europe will build more terminals to import U.S. liquefied natural gas, the head of the European Commission told U.S. President Donald Trump during a meeting aimed at averting a transatlantic trade war. “They want very […]

New Oil Cartel Threatening OPEC

New Oil Cartel Threatening OPEC

July 5, 2018 No Comments

When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying. “The timing is right. The boom in U.S. oil and gas […]

€2.7 billion capital investment made by INEOS

€2.7 billion capital investment made by INEOS

July 4, 2018 No Comments

INEOS has approved a €2.7 billion capital project to build both a world scale ethane cracker and a PDH (Propane Dehydrogenation) unit in Northern Europe. Both units will benefit from US shale gas economics. This will be the first new cracker built in Europe for two decades. It will also be one of the most […]

Volkswagen AG to pay €1 billion for diesel crisis

Volkswagen AG to pay €1 billion for diesel crisis

June 13, 2018 No Comments

The Braunschweig public prosecutor today issued an administrative order against Volkswagen AG in its capacity as secondary party pursuant to sections 30 para. 1, 130 para. 1 of the German Act on Regulatory Offences in the context of the diesel crisis. The administrative order provides for a fine of €1 billion in total, consisting of […]

One Million Sub-Saharan Africans Moved to Europe Since 2010

One Million Sub-Saharan Africans Moved to Europe Since 2010

April 6, 2018 No Comments

International migration from countries in sub-Saharan Africa has grown dramatically over the past decade,1 including to Europe2 and the United States. Indeed, most years since 2010 have witnessed a rising inflow of sub-Saharan asylum applicants in Europe, and lawful permanent residents and refugees in the U.S. The factors pushing people to leave sub-Saharan Africa – […]

GE installs 1st offshore wind turbine at Merkur Windfarm

GE installs 1st offshore wind turbine at Merkur Windfarm

March 8, 2018 No Comments

GE Renewable Energy announces today the installation of the first GE HaliadeTM 150-6MW offshore wind turbine at the 396MW Merkur Offshore Windfarm in Germany, located approximately 35km north of the island of Borkum, in the North Sea. Installation vessel SeaFox 5 sailed from Merkur’s logistic hub in Eemshaven (Netherlands) carrying blades, towers, nacelles and other […]

Nord Stream 2! For a strong Europe

Nord Stream 2! For a strong Europe

February 27, 2018 No Comments

Nord Stream 2 is a billion-dollar investment in state-of-the-art European gas infrastructure, in the secure supply of gas to people and industry in Europe. However, the public debate about the Baltic Sea pipeline has recently become bizarre. The facts are hardly taken into consideration any more in the mostly superficial, emotion-driven debates. Gas is becoming […]

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