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2018 EIA Energy Conference

2018 EIA Energy Conference

May 18, 2018 No Comments

The U.S. Energy Information Administration (EIA) will hold its 2018 EIA Energy Conference on June 4 and 5, 2018. The EIA Energy Conference has become a premier forum for addressing energy issues in the United States and around the world. This event will bring together thought leaders from industry, government, and academia to discuss current […]

CNPC and Chevron signing of the MoU for Chuandongbei project

CNPC and Chevron signing of the MoU for Chuandongbei project

May 17, 2018 No Comments

On May 11, CNPC Chairman Wang Yilin met with a visiting delegation headed by Michael K. Wirth, Chairman and Chief Executive Officer of Chevron Corporation. The two sides exchanged in-depth views on promoting the Chuandongbei natural gas project and strengthening cooperation in the field of international trade. After the meeting, they witnessed the signing of […]

Agricultural machinery being refueled with natural gas

Agricultural machinery being refueled with natural gas

May 15, 2018 No Comments

Gazprom makes extensive efforts to expand the use of natural gas as a vehicle fuel. It is planned to, inter alia, work in concert with domestic agricultural companies to install filling units near agricultural facilities on a cost-sharing basis. The first of such projects is currently underway at the Barsuk T.L. farm, which built a […]

Rehabilitation Project of Cairo West Power Station in Egypt

Rehabilitation Project of Cairo West Power Station in Egypt

May 11, 2018 No Comments

MHPS Signs Contract with CEPC Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has signed a contract with Cairo Electricity Production Company (CEPC) for the renewal of the Cairo West natural gas and heavy fuel oil-fired thermal power plant. MHPS will renew four existing power generation boilers with a rated output of 1,360 MW, extending their lifetime […]

Total to Make Significant Equity Investment in Clean Energy Fuels Corp.

Total to Make Significant Equity Investment in Clean Energy Fuels Corp.

May 10, 2018 No Comments

Total SA (CAC: TOTF. PA) and Clean Energy Fuels Corp. (Nasdaq: CLNE) today announced that the two companies have entered into a broad strategic agreement to drive deployment of new natural gas heavy-duty trucks. Total has agreed to purchase up to 50.8 million shares of Clean Energy’s common stock for $83.4 million, to become Clean […]

ExxonMobil Earnings Increase 16 Percent to $4.7 Billion in First Quarter 2018

ExxonMobil Earnings Increase 16 Percent to $4.7 Billion in First Quarter 2018

April 30, 2018 No Comments

Exxon Mobil Corporation announced estimated first quarter 2018 earnings of $4.7 billion, or $1.09 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $10 billion, including proceeds associated with asset sales of $1.4 billion. During the quarter, the corporation distributed $3.3 billion in dividends to […]

Total enters into an agreement for acquisition of Direct Energie

Total enters into an agreement for acquisition of Direct Energie

April 18, 2018 No Comments

Total has entered into an agreement with the controlling shareholders of Direct Energie1 for the proposed acquisition of 74.33% of its share capital2, at a price of €42 per share, ex-dividend of €0.35 per share, representing an aggregate acquisition price of approximately €1.4 billion. Once this acquisition has been completed, Total will file with the […]

U.S. natural gas production set a record in 2017

U.S. natural gas production set a record in 2017

April 12, 2018 No Comments

Two out of three of EIA’s measures of natural gas production in the United States set records in 2017. U.S. natural gas production measured as gross withdrawals reached 90.9 billion cubic feet per day (Bcf/d) in 2017, the highest volume on record according to EIA’s Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report. […]

EC clears acquisition of a joint venture by General Electric and Rosneft

EC clears acquisition of a joint venture by General Electric and Rosneft

April 12, 2018 No Comments

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over a joint venture based in Russia by General Electric Company (“GE”) of the US and Rosneft Oil Company, through its subsidiary Sibintek LLC, both of Russia. The joint venture will focus on the development, implementation, marketing, licensing and/or operation […]

BP Bets Big On India

BP Bets Big On India

April 6, 2018 No Comments

BP expects up to a tenth of its total earnings to come from India over the next ten years, but not from oil: the company will focus on natural gas, marketing, and renewable energy in one of the world’s top fossil fuel consumers. Reuters quoted BP’s regional president in India, Sashi Mukundan, as saying “My […]

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