Technip Wins EPC Contract For Marsa LNG Project
Technip Energies has been awarded a contract by TotalEnergies for the Marsa LNG bunkering project located in Sohar, Oman. The Marsa LNG project is an integrated complex developed by TotalEnergies (80%) and state energy...
Qatar Opens Doors To Record LNG, Petrochemical Investment
On January 8, 2023, QatarEnergy made a final investment decision (FID) with Chevron Phillips Chemical Company LLC (CPChem) to build a US$6 billion integrated olefins and polyethylene facility at Ras Laffan Industrial City, Qatar. Known as...
Earthstone’s Permian Power Play
Earthstone Energy Inc (Earthstone) is acquiring Novo Oil & Gas Holdings LLC (Novo) from EnCap Investments LP (EnCap) for US$1.5 billion. However, Earthstone is also selling one-third of the oil and gas assets to...
Lucid Posts Loss, Signals Ongoing Luxury EV Demand Issues
Electric vehicle (EV) startup Lucid Motors (Lucid) reported its Q1 2023 earnings on May 8, 2023. The company booked Q1 revenue of US$149.4 million, a 159% increase compared to the same period last year....
Lucid Group Lowers 2022 EV Production Forecast, Delays Gravity SUV To 2024
Lucid Group (Lucid), an up-and-coming electric vehicle manufacturer, lowered its 2022 production estimate of its Lucid Air electric sedan from 20,000 units to 12,000 to 14,000 units. Since starting production in September, Lucid produced...
Certarus Orders More TITAN Mobile Pipeline Modules From Hexagon Agility
Hexagon Agility, a business of Hexagon Composites, signed a multiyear agreement in March 2021 with Certarus to supply Mobile Pipeline modules for compressed gases. Certarus delivers compressed natural gas (CNG), renewable natural gas (RNG),...
Enel To Build Solar PV Cell And Panel Manufacturing Facility In The United States
Enel North America (Enel), through its affiliate 3Sun USA LLC (3Sun) announced its intention to build an industrial-scale production facility in the United States for the manufacturing of American-made photovoltaic (PV) modules. The proposed facility...
Headwinds Galore For Wind Energy Manufacturers
Much to the detriment of renewable energy, 2021 has been a banner year for oil and gas. Prices continue to rise, with West Texas Intermediate (WTI) crude oil closing in on US$85 per barrel...
World’s Largest Offshore Wind Farm Produces Power For the First Time
The 3.6-GW Dogger Bank Wind Farm is being constructed in United Kingdom waters 80 nautical miles (130 km) off the coast of Yorkshire and in the UK’s North Sea in three 1.2-GW phases known...
Rolls-Royce Enters Hydrogen Production Market
Rolls-Royce is entering the hydrogen production market and acquiring a 54% majority stake in electrolysis stack specialist Hoeller Electrolyzer. The company’s technology will form the basis of a new range of mtu electrolyzer products...
