Oil & Gas
News & Press Releases
$263.8 mln Drilling Rights Bids For US Across Gulf of Mexico
An oil and gas drilling rights auction in the Gulf of Mexico has fetched the US government $263.8 million in bids, which happens to be the most of any sales across the region in years. This is also the...
News & Press Releases
Caterpillar Introduces New Compact Energy Storage System
Caterpillar Inc. announced the introduction of Cat® Compact ESS, a new mobile battery energy storage system that supplements traditional mobile power solutions to reduce noise and enable deployment of renewable energy sources. Additionally, customers using efficiency gains to minimize fuel...
News & Press Releases
Gas Emergency For 2023-24 Is A Reality – German Regulator
Germany's energy authority has ruled out a gas supply crisis for the present winter but cannot give the all-clear for the 2023–24 season, its president told a German newspaper.
According to Klaus Mueller, who told the Rheinische Post, they cannot...
News & Press Releases
Hydrogen Pipeline In The North Sea Can Get Big Investments
It has come to light that investments between 15 and 22 billion euros could buy a 4200-kilometer new hydrogen pipeline network that will link Germany, Britain, Denmark, Belgium, the Netherlands, and Norway.
One of the German gas pipeline operators says...
News & Press Releases
$5.1bn Egyptian Green Hydrogen Plant To Be Built By China
The Egyptian Prime Minister Mostafa Madbouly recently announced that China Energy Engineering Corporation, a state-owned Chinese enterprise that is based out of Beijing, will break ground in May on one of Egypt’s first green hydrogen projects.
The move, which is...
News & Press Releases
Perkins 5000 Series debuts at Middle East Energy 2023
Perkins is displaying the next generation of electric power—the 5000 Series—on stand S2.A30 at the Middle East Energy 2023, electric power exhibition, March 7-9 in Dubai.
A full authority electronic range of inline six and eight cylinder and V12 and...
News & Press Releases
European Natural Gas Prices To go beyond Double By 2024
It is predicted that the European Natural Gas price is likely to get more than doubled in 2024 because of the shortages that have been caused due to Russian export drops. It is well to be noted that greater...
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