Top Turbine Makers to Spend $2.6bln on R&D
Research and development (R&D) expenses among the world's top ten wind turbine manufacturers are expected to exceed $2.6 billion by 2023.The R&D expenses more than doubled in the last four years, reaching $1.8m in 2018, as demand grows for ever-bigger on- and offshore models…
Siemens to Cut Jobs at German Energy Ops
Engineering group Siemens is cutting 1,200 jobs at its German energy business on weak demand for power plant equipment and maintenance, radio station Bayerischer Rundfunk reported on Wednesday, citing company sources. Siemens confirmed…
Bulgaria Signs Nuclear Deal with Westinghouse
Deal needs approval of next Bulgarian government, but would reduce Bulgaria's energy reliance on Russia. New reactor would come on stream by 2023. Bulgaria, one of five EU states that depend totally on Russia for nuclear fuel, and Westinghouse…
Rosneft Produced 1st Lot of Fischer Tropsch Synthesis Catalysts
Rosneft has proved its leadership in national GTL (gas-to-liquid) technologies development. First pilot batches of Fischer Tropsch synthesis catalysts have been produced at Angarsk catalyst and organic synthesis plant. Today Angarsk…
France Picks: GE is the One for Alstom
France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company.
New DNV GL JIP to Deal With Risks in Sour Gas Fields
In the operation and development of a sour gas field, a key challenge is ensuring the process safety and integrity of the asset and, most importantly, the safety of the personnel working with high concentrations of hydrogen sulphide (H2S).
Floating Production Systems: A Big Opportunity for Shipyards
Since the beginning of this year, orders have been placed for 17 floating production systems. The combined value of the fabrication contracts exceeds $16 billion. By year end there will likely be another five to eight contracts awarded…
