East German market can now benefit from Energyst Rental Solutions

East German market can now benefit from Energyst Rental Solutions We are delighted to announce the opening of our Leipzig depot, which means we can provide more efficient service to customers in the Eastern side of Germany from now on. With already three depots operating in Frankfurt, Duisburg and Hamburg, we are familiar with the …

Energyst UK & Ireland G99 approval for power generation

Energyst UK and Ireland, one of the few companies with G99 and G10 approval The Triad season of 2019 has started. Meaning that in the late afternoons of November until February the power demand increases, as well as the energy prices. Due to this increase, the national grid can become unstable and at-risk of being …

UK approves Wood Group takeover of Amec Foster Wheeler

The £2.2 billion ($2.7 billion) takeover of Amec Foster Wheeler by rival engineering giant Wood Group plc is on course to be completed next month following approval from the UK’s competition watchdog. Watchdog approval The Competition and Markets Authority (CMA) launched an investigation in June over concerns that the deal would harm competition in the …

Breaking: Total buying Maersk Oil in $7.45 billion deal

French oil giant Total is set to acquire its Danish rival Maersk Oil and Gas for $7.45 billion dollars. Danish Maritime giant Maersk A/S informed on Monday it had entered into an agreement to sell its subsidiary Mærsk Olie og Gas A/S to Total S.A. for $7.45bn in a combined share and debt transaction. This …

Oil industry eyes renewable energy for future growth

Renewable energy projects The oil industry may be committing up to a fifth of their total investment in green energy projects after 2030 as hydrocarbons production declines. A growing number of key oil and gas players are starting to invest in renewable energy projects. Analysis from Wood Mackenzie suggests that major energy companies like Royal Dutch …

Kuwait joins Saudi Arabia, Russia to seek oil cuts into 2018

OPEC oil cuts Kuwait joined Saudi Arabia and Russia in supporting an extension of oil cuts by OPEC and other global producers through the first quarter of 2018 to help trim global stockpiles. An extension of the cuts at already agreed-upon output volumes is needed to reach the goal of paring world inventories to their five-year …

Upstream players struggle with uncertainty

Wood Mackenzie survey indicates that upstream players are grappling with the current uncertain situation The oil and gas industry is facing a challenging year. Oil prices remain volatile, and uncertainty remains about whether prices will recover from around $50/bbl. Across the upstream sector, companies are considering their next investments, while weighing up how to remain …

Argentina to pass new mining law this week in order to revive mining industry

Legislation is part of plan to double investment in the sector to $25bn in eight years. Argentine authorities, mining industry players and unions are expected to sign this week a long awaited federal mining agreement. This agreement unifies existing legislation across the country, as part of an ongoing effort to jump-start investment in the sector. The …

Ecuador mining industry to grow eightfold by 2021

Improving gold and copper prices to support development, says BMI Research. Ecuador, until recently only known by its oil resources, will continue to attract investors to its mining sector. The value of the dawning industry is set to jump from $1.1 billion this year to $7.9 billion in 2021, a new report shows. MINING INVESTMENT HOT …

Copper production: Top 10 copper mining companies in 2016

Copper production in figures Preliminary production by the top 10 copper mining companies compiled by IntelligenceMine totalled 9,448 kilotonnes of copper in 2016. That represents a 4% increase compared to 2015 and makes up ~49% of global copper production that reached 19,400 kt last year. Six out of 10 companies increased their copper output while …