BPs share price fell by 2.4 per cent on the morning of 7 February as it reported a fourth-quarter profit of US$400mn, US$160mn short of what analysts at Reuters were expecting
New research by DNV GL, technical advisor to the oil and gas industry, shows oil and gas companies seeking to rebalance business portfolios and reorganising for a new era
Emirates National Oil Company (ENOC) announced a record volume of sales of petroleum products of 245mn barrels, reflecting a five-year rolling average growth of nine per cent
Kohler Power, a part of the Kohler Co, has acquired Clarke Energy, a UK-based multinational specialist in the engineering, construction, installation and maintenance of engine-based power plants
Kohler Co announced today (2 February) that its power group, global leaders in engines and power generation systems, has acquired Clark Energy, the UK based specialist of engine-based power plants and authorised distributor of GEs reciprocating engines in 19 countries across the world.
"Clarke Energy’s end-to-end capabilities are very highly regarded around the world and the company’s products and services are an excellent fit within our existing power systems business,” said David Kohler, President and CEO of Kohler Co. “We’re excited about this acquisition because it adds the distribution of large gaseous generators – viewed as a clean power source – to our product portfolio. We believe Clarke Energy’s prime and continuous gaseous solutions are an ideal complement to our existing diesel generator offering for standby applications.”
Founded in 1989, Clarke Energy provides comprehensive distributed power solutions in multiple industries for mostly prime and continuous power requirements. The privately held firm employs more than 1,100 people and has established a vast network of service locations with highly trained, localized professionals. Company founder Jim Clarke, as well as current CEO Jamie Clarke and all other company leaders, will be maintaining their roles following the acquisition.
Shell and Sabic have signed an agreement whereby Sabic will acquire 50 per cent of Shells share in the Sadaf joint venture in Saudi Arabia
