Energy Update
Drax Group Plc agreed to buy some of Iberdrola SA’s power plants for 702 million pounds ($923 million), boosting its clean energy assets in a further shift away from burning coal.
Egypt has the potential to meet up to 53 percent of its electricity from renewable sources by 2030, according to a new report by the International Renewable Energy Agency (IRENA). The Egypt Renewable Energy Outlook, released in Cairo last week in the presence of Egyptian government officials and regional decision makers, found that pursuing higher shares of renewable energy could reduce the country’s energy bill by up to $900 million annually in 2030.
The Aoka Mizu FPSO, which had undergone repair, upgrade and life extension works at the Drydocks World Dubai shipyard followed by completion of sea trials, will sail to
The post Aoka Mizu FPSO sets off to Hurricane Energy’s Lancaster field offshore UK appeared first on Compelo Energy.
The long-term agreement was signed by Qatar Petroleum for Sale of Petroleum Products Company Ltd. (QPSPP) and Oriental Energy (Singapore), with the contract starting in January 2019. Qatar
The Oseberg Vestflanken 2 field has been developed with an investment of NOK6.5bn ($800m) on the Oseberg H platform, which is operated remotely from the Oseberg field centre.
The post Equinor begins production from Oseberg Vestflanken 2 field appeared first on Compelo Energy.
At the High Court in London today (12 October) Mr Justice Supperstone dismissed a last minute request for an interim injunction to prevent this from happening, and also
Located in the Ekofisk area on the Norwegian Continental Shelf (NCS), the King Lear is a gas and condensate discovery that was made in 1989. Equinor southern North
The post Equinor to sell stake in King Lear discovery to Aker BP appeared first on Compelo Energy.
As part of this joint venture agreement, Active Energy Group and Georgia Renewable Power will install CoalSwitch facilities at three biomass-to-energy power plants in US totaling 165MW. The
The post Active Energy forms JV with Georgia Renewable Power appeared first on Compelo Energy.
A consortium of Saipem’s subsidiary, Saipem Contracting Netherlands, Boshelf and STAR GULF FZCO, has been awarded a SURF contract by Total for the development of the Absheron field
The post Saipem secures offshore E&C contracts worth $400m appeared first on Compelo Energy.
OZD has purchased all of the outstanding shares and debt of Centerra Netherlands, BVBA which is the 100% direct shareholder of the Company’s Mongolian subsidiaries, Boroo Gold and
The post Centerra Gold sells Mongolian business unit to OZD appeared first on Compelo Energy.
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