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The investment allows Macquarie to join the project consortium that includes Intercontinental Energy, Vestas and CWP Energy Asia. The consortium is developing the renewable project hub, which will
The post Macquarie to invest in 11GW Australian renewable energy hub appeared first on Compelo Energy.

In this regard, Libya’s National Oil Corporation (NOC), BP and Eni have signed a Letter of Intent (LOI) to launch the process for the stake transfer. The transaction
The post BP, NOC strike deal with Eni to resume exploration in Libya appeared first on Compelo Energy.

(Tue, 09 Oct 2018) As domestic production continues to increase, the average density of crude oil produced in the United States continues to become lighter. The average API gravity—a measure of a crude oil’s density where higher numbers mean lower density—of U.S. crude oil increased in 2017 and through the first six months of 2018. Crude oil production with an API gravity greater than 40 degrees grew by 310,000 barrels per day (b/d) to more than 4.6 million b/d in 2017.

In union with OUC’s role as host utility of POWER-GEN International, the utilities Board President Gregory D. Lee will be a keynote speaker on the conference’s first day. Lee was elected president of OUC’s governing body in 2016. He will kick off POWER-GEN International’s first keynote session on Tuesday, December 4.

The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations.

Under the terms of the agreement, Rowan shareholders will receive 2.215 Ensco shares for each Rowan share. Following the completion of the transaction, Ensco and Rowan shareholders will
The post Ensco, Rowan to merge to create $12bn offshore drilling company appeared first on Compelo Energy.

In a bid to exploit operational synergies, the petrochemical complex will be located next to the SATORP refinery, operated by Saudi Aramco with 62.5% stake and Total with
The post Saudi Aramco, Total sign FEED agreement for $9bn Jubail petrochemical complex appeared first on Compelo Energy.

On Monday, global offshore wind leader Ørsted announced that it had entered into an agreement to acquire a 100 percent of Rhode Island-based Deepwater Wind at a purchase price of US $510 million. Deepwater wind built the first U.S. offshore wind farm — the 30-MW Block Island Wind — and is currently constructing two additional facilities off Long Island, New York (South Fork at 90 MW) and Connecticut (Revolution Wind at 600 MW).

The EPIC NGL Pipeline is a natural gas liquids (NGL) pipeline that is being constructed between Southeast New Mexico and Corpus Christi in Texas. EPIC Midstream said that
The post EPIC to convert EPIC NGL Pipeline third phase for crude oil service appeared first on Compelo Energy.

The latest regulatory approval takes the proposed merger between Vectren and CenterPoint Energy one step closer towards its completion. According to the deal signed in April 2018, Vectren
The post US FERC approves $6bn CenterPoint Energy merger with Vectren appeared first on Compelo Energy.

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