Total, Siemens Hope to Sign Cuban LNG Deal Soon
French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired power plant on the island, according to diplomats and businessmen with knowledge of the talks.The two are leading a consortium that has been in negotiations with Communist-run Cuba since last year when they won a tender for the project, said the sources, who did not identify the other members"Total…
Ebner to Replace Balagia as V.P. and General Counsel, ExxonMobil
Jack Balagia, vice president and general counsel, Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire effective Nov. 1, 2016, after more than 18 years of service. It is anticipated that the board of directors will elect Randall Ebner as vice president and general counsel, Exxon Mobil Corporation. Ebner is currently assistant general counsel, Exxon Mobil Corporation. A native of Austin…
ExxonMobil, Princeton Launch Energy Research Projects
In association with their partnership focused on energy technologies, ExxonMobil and Princeton University have selected five research projects that center on solar and battery technologies, plasma physics, Arctic sea-ice modeling, and the impact of carbon dioxide absorption on the world’s oceans. In June 2015 ExxonMobil committed $5 million over five years to the Princeton E-ffiliates Partnership…
ExxonMobil Invests $15 Mln in Austin Energy Institute
ExxonMobil announced that it will invest $15 million as a leadership member of the University of Texas at Austin Energy Institute to pursue technologies to help meet growing energy demand while reducing environmental impacts and the risk of climate change. The joint research initiative will study transformational energy innovations including integrating renewable energy sources into the current…
U.S. Shale's Achilles Heel is Mending
Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. However, those well decline rates have been slowing across the United States over the past few years, according to data analysis provided exclusively to Reuters. The trend, if sustained…
National Oilwell Varco Appoints Senior VP & CFO
Oilfield equipment manufacturer National Oilwell Varco, Inc. has named Jose A. Bayardo as its new Senior Vice President and Chief Financial Officer effective August 28, the company announced today. Bayardo succeeds Scott K. Duff, Interim Chief Financial Officer, who will continue to serve as the company’s Vice President, Corporate Controller and Chief Accounting Officer. Prior to joining National Oilwell Varco…
$140m Awarded for GoM Oil Impact Research
The Gulf of Mexico Research Initiative (GoMRI) has selected 12 research consortia to conduct scientific studies of the impacts of oil, dispersed oil, and dispersant on the Gulf of Mexico ecosystem and public health. These research investments focus on improving our fundamental understanding of the implications of events such as the Macondo well blowout, and on developing improved spill mitigation, oil and gas detection, characterization and remediation technologies.
Offshore Failure Turns Cuba's Energy Focus Inland
New contracts signed for onshore oil development; Russia and China balk at deepwater oil exploration. U.S. embargo, ample supplies elsewhere reduce appetite. Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say.
ConocoPhillips Donates $1 Mln to Univ. of Texas, Austin
ConocoPhillips (NYSE: COP) continued its commitment of funding quality higher education at The University of Texas at Austin yesterday with a contribution of $1.185 million. A portion of the donation, $685,000, is intended to support a variety of programs and activities that stimulate interest and professional development among students and faculty in their chosen disciplines within the Cockrell School of Engineering…
