Petrobras Signs on for 15 Years of LNG from Centrica
Petróleo Brasileiro SA has signed a 15-year purchase and sale agreement with British global natural gas supplier Centrica.
Element Six, Master Drilling Announce Tunnel Development Partnership
Element Six and Master Drilling will deliver a diamond-enabled solution designed to increase tunneling development speed, reducing costs and minimize the environmental impact of tunnel construction.
Energy Transition in Motion (Week of Feb. 14, 2025)
Here is a look at some of this week’s renewable energy news, including a geothermal drilling partnership.
BP Cuts Senior Leadership Bonuses After Missing 2024 Targets
BP will cut performance-related bonuses for its senior leaders to 45% after the company missed some of its financial goals in 2024.
Black & Veatch to Build Two Battery Storage Projects in UK
Serving as the projects’ owner’s engineer and technical advisor, Black & Veatch will review and provide technical advice, construction monitoring and schedule tracking services.
E&P Highlights: Feb. 10, 2025
Here’s a roundup of the latest E&P headlines, from a Beetaloo well stimulated in Australia to new oil production in China.
Activist Elliott Builds Stake in Oil Major BP, Source Says
U.S.-based Elliott is seeking to boost shareholder value by urging BP to consider transformative measures, Bloomberg News reported Feb. 8.
Gas-Fired Power Plant to be Built Close to Austin, Texas
The project, to be built by Argan subsidiary Gemma Power Systems, is expected to hook up to the ERCOT grid in 2028.
E&P Highlights: Feb. 3, 2025
Here’s a roundup of the latest E&P headlines, from a forecast of rising global land rig activity to new contracts.
TGS to Evaluate Continental Shelf Offshore Wind Site
The Ramford Vanguard seismic vessel will be used to acquire data of shallow subsurface targets for wind farm development.