Industry News

Wison Offshore & Marine Ltd. And BPZ Energy have announced that the world's first buoyant tower drilling and production platform is en route to Corvina field offshore Peru.

Following more than a year of development, STARS Alliance LLC has achieved legal identity after the chief nuclear officers of seven US plants added their signatures to official paperwork.

El Salvador's El Esplendor Development Corp and Israel's SDE Wave Power Plants company have formed an alliance to execute Wave Power Technology in California and El Salvador.   SDE is a leader in planning, building and marketing power stations that produce power from ocean waves.

   Chicago Bridge & Iron has entered into a definitive agreement to acquire Shaw Group. Shaw Group is a Fortune 500 company, primarily servicing customers in the power generation and the government services sector.

As part of a Department of Energy (DOE) initiative to help restart the United States' nuclear industry, Pacific Northwest National Laboratory has been awarded almost USD$1 million. To help improve reactor safety, performance and cost competitiveness and to help solve challenges in the nuclear industry, DOE awarded USD$10.

Babcock & Wilcox Co.'s test facility for its new class of mini nuclear reactors is fully operational. The Integrated System Text facility in Bedford County, Virginia will test the mPower modular reactor's design and performance by simulating energy generated by a nuclear core through heating the reactor electrically.

Canada’s Talisman Energy has hit gas in the final well of a three well campaign on the Szczawno concession in Poland’s Baltic basin.

Brazil is evaluating a possible tax cut on ethanol production to encourage less gasoline imports by Petrobras. Currently, the gasoline sold in Brazil comes with a 20% ethanol mix but the government plans to increase the mix to 25%.

BTU Solutions, a Sugar Land, Texas-based company that specializes in demolishing power plants has bought State Line Energy, a former coal plant at the northwestern tip of Hammond, Indiana near Lake Michigan.

The Carlyle Group L.P., global asset manager and Sunoco Inc. have agreed to form a joint venture Philadelphia Energy Solutions, that will enable the historic Philadelphia refinery to continue to operate.