Oil and Gas industry giants Total and Chevron, along with prominent India-based refiner Reliance Industries, have reportedly joined Vakt, the oil blockchain platform already being used by other key trading firms since the end of last year. Based out of London, Vakt is supposedly the …
The blockchain tech would be ensuring that the energy it provides to its customers would come from completely renewable sources. The utility company has undertaken the experiment with Spanish bank Kutxabank. Iberdrola, a Bilbao-based Spanish multinational electric utility firm, has reportedly announced that it would …
The London-based oil firm Premier Oil reportedly considering a humongous cash call to fund its bid for a package of oil and gas assets put up for sale by U.S. oil giant Chevron. As per trusted sources, Premier is set to face stiff competition from …
The United States Department of Energy’s (DOE’s) has reportedly declared federal funding of up to USD 88 million for cost-shared research and development projects aimed at improving technologies for oil and natural gas recovery. As per trusted sources, the funding for the projects has been …
* Apart from the massive oil reserve discovery, the company would also be investing over $1.3 billion in the region for a new expansion process. * The billion barrels of crude oil has been discovered in the company’s existing Thunder Horse oilfield. Renowned British multinational …
In a recent turn of events, Royal Dutch Shell has reportedly concluded the purchase deal of Gujarat-based Hazira LNG & Port Ventures from France-based energy behemoth and co-owner Total Gaz Electricité Holdings. For the uninitiated, Hazira LNG & Port is a joint venture between French …
The American Electric Power (AEP) Company, Inc., a leading electric utility based in the U.S., has reportedly announced that Southwestern Electric Power Company (SWEPCO), its subsidiary headquartered in Louisiana, USA, has planned to obtain 1.2 GW of additional wind energy resources. Reportedly, the RfP (request …
The move marks a new milestone for the $2.7 billion project. The two oil & gas companies commenced the trial runs on the crude oil unit around a week ago. Petroliam Nasional Berhad (Petronas), a renowned Malaysian state-owned oil & gas company, has apparently announced …