News archive

TAP secures €3.9bn project financing

TAP secures €3.9bn project financing

TAP successfully completed financial close in December 2018, securing €3.9bn, the largest project finance agreed for a European infrastructure project in 2018.The financing is provided by a group of 17...
22 January 2019

PSEG sells 2 retired coal sites to HRP

PSEG Power, a subsidiary of Public Service Enterprise Group (PSEG), announced the sale of the sites of its retired Hudson Generating Station in Jersey City/Secaucus and Mercer Generating Station in Hamilton...
22 January 2019

Norway awards record number of production licenses

The Norwegian Ministry of Petroleum and Energy is offering 83 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2018 (APA 2018).“This is the largest licensing award...
22 January 2019
PinnacleART appoints new CEO

PinnacleART appoints new CEO

PinnacleART, a global leader in designing, implementing, and maintaining asset reliability and integrity programs, appointed Stephen T. Powers as Chief Executive Officer (CEO).“The selection of Stephen...
22 January 2019
Woodside awards contracts for Scarborough Project

Woodside awards contracts for Scarborough Project

Woodside has awarded four contracts for front-end engineering design activities for the proposed Scarborough Project. The contracts are for engineering activities related to the upstream development’s...
21 January 2019
Gullfaks partners to drill 7 new wells

Gullfaks partners to drill 7 new wells

The Gullfaks partners (Equinor, Petoro and OMV) have decided to drill seven new wells with an investment of NOK 2.3bn and thereby improve oil recovery by 17 million barrels with good profitability.On behalf...
21 January 2019
Fives & Steel Dynamics ignite a preferred partnership

Fives & Steel Dynamics ignite a preferred partnership

Fives, a global industrial engineering group, was awarded a contract by Steel Dynamics, Inc. (SDI), one of the largest steel producers in the United States. This is the second SDI contract awarded to Fives...
21 January 2019

PetroNeft announces new CEO

PetroNeft, an oil & gas exploration and production company, announced the appointment of David Sturt as CEO.Mr. David Sturt, who has been a Non-Executive Director of the Company since 2016, will become...
21 January 2019
DEW Printdur® for complex steel components

DEW Printdur® for complex steel components

Deutsche Edelstahlwerke (DEW) is now making a big push: as an established powder manufacturer for 3D printing, the SCHMOLZ + BICKENBACH Group Company is speeding up the next stage of development with its...
18 January 2019
INEOS chooses Antwerp for petrochemical investment

INEOS chooses Antwerp for petrochemical investment

INEOS has announced that Antwerp, Belgium will be the location for its multi-billion Euro project for an ethane gas cracker and world-scale PDH unit in Europe. The €3bn investment is the largest investment...
18 January 2019