Private developer gains majority stake from state-owned entity to build planned 20-million-tonne-per-year export terminal near Anchorage and 807-mile gas feeder pipeline, with final investment decision set for year-end.
US contractor McDermott International Ltd. has been awarded a front-end engineering contract by a unit of Spain-based energy company Repsol to develop the Polok and Chinwol oil fields in the Gulf of Mexico.
For the second consecutive year, Top 400 revenue has increased by a double-digit percentage—rising 13.9% to $556.9 billion from $488.98 billion last year while median firm revenue is also up 10.9% to $629.5 million.
Also—China propelled global tension over growing size of its offshore wind turbines with the late August launch of a 20-MW capacity model in Hainan near Vietnam announced by domestic producer Mingyang Wind Power Group Ltd.
and the firm's plan to build a factory in Italy.
The companies will continue to develop systems that use the lifting of large composite blocks and the pumping of water to store potential energy for later power generation.