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Angelos Damaskos comments on how the energy industry will be impacted by the Japan earthquake, Middle Eastern unrest and continuing Eurozone problems.
Marine Well Containment Company (MWCC) has awarded Weatherford a contract for the design and construction of the topsides process modules for two dynamically positioned tankers to operate in the US Gulf of Mexico.
The global energy trade will feel the effects of the disasters in Japan as the global coal supply chain is disrupted and diverted.
China has increased its total production for the first two months of the year by 13.5%.
Significant cuts are planned in refining and marketing, while investing heavily in new projects to increase production.
CB&I has been awarded an EPC contract by Imperial Oil Resources for the Kearl oilsands project worth in excess of US$ 900 million.
Global prices for oil products look set to rise dramatically after the tsunami that hit Japan last week. As a result of the loss of nuclear electricity generating capacity, oil will have to be used as a substitute until the reactors can be repaired.
The Canadian National Energy Board has issued a Certificate of Public Convenience and Necessity for the 1196 km long Mackenzie Valley Pipeline, part of the Mackenzie Gas Project.
Chevron Corporation is planning on expanding its Gorgon LNG project with a fourth train to meet growing demand for the clean fuel.
A letter from Chris Huhne and EU Environment Ministers to the Guardian newspaper on 30% EU emissions cuts.
Chevron has appealed the Ecuadorean court judgment, which found it liable for environmental damage to the tune of US$ 8.6 billion.
API to White House: long term solutions require short term leadership.