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November Oil & Gas News Roundup

In November, Keppel bagged $145M+ in deals, California gas prices hit a record high, and Shell struck a deal to buy wind power. Continue reading our oil and gas news round up to learn more about what’s happening in the industry this month. 

Keppel Bags $145M+ Deals

Keppel Offshore & Marine has won deals for the conversion of a floating storage and regasification unit and the integration of a floating production, storage, and offloading vessel. Keppel said that the contracts were won via its wholly-owned subsidiary, Keppel Shipyard. The total value of the projects is expected to be over $145 million.

To get the inside scoop on the entire contract check out rigzone.com.

California Gasoline Price Hits Record on Thanksgiving

The average price for regular unleaded gasoline in California hit a new record on Thanksgiving at $4.70, the AAA revealed. The average price for this time last year stood at $3.17. Within the state, 12 counties recorded prices of $4.81 or above as of Thursday, with Mono County seeing prices as high as $5.59, the AAA revealed.

The organization highlighted that the national average price for regular gasoline was $3.39, which is still some way off the record price of $4.11 set in July of 2008. Wednesday’s average hit $3.398 and this time last year, the national average stood at $2.116.

For more information on gas prices check out the full article here.

Shell Strikes a Deal to Buy Power from an Offshore Wind Farm

Shell signed a deal to purchase power from a development dubbed “the world’s largest offshore wind farm”. The 15-year power purchase agreement relates to 240 megawatts from Dogger Bank C, the third and final phase of the 3.6-gigawatt Dogger Bank Wind Farm, which will be located in waters off the coast of northeast England. The agreement builds upon a previous deal to purchase 480 MW from Dogger Bank A and B, meaning that its combined offtake will amount to 720 MW.

To read the entire contract check out the full article here.

Reach Out to Tiger General

We hope you found our November oil and gas news roundup interesting. If you need a new piece of equipment, fill out the Tiger General Truck Inquiry Form today!