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Ørsted to acquire Deepwater Wind for $510m

After the acquisition, the offshore wind assets and organizations of Deepwater Wind and Ørsted will be combined to form a US offshore wind platform with a comprehensive geographic
The post Ørsted to acquire Deepwater Wind for $510m appeared first on Compelo Energy.

Enel begins construction on 128MW of wind farms in Spain

These three wind farms from Enel include the 46.8MW Muniesa, the 41.4MW Farlán and the 39.9MW San Pedro de Alacón and they are located in the municipalities of
The post Enel begins construction on 128MW of wind farms in Spain appeared first on Compelo Energy.

Apollo Global to acquire $1bn energy investments portfolio of GE

The energy investments portfolio to be acquired by funds managed by affiliates of Apollo for an undisclosed amount includes assumed obligations, of mainly equity investments in energy assets.
The post Apollo Global to acquire $1bn energy investments portfolio of GE appeared first on Compelo Energy.

Macquarie to invest in 11GW Australian renewable energy hub

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.

BP, NOC strike deal with Eni to resume exploration in Libya

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.

The United States continues to increase production of lighter crude oil

(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.

Orlando Utility Commission is Host Utility for POWER-GEN International

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.

Report: $2.4 Trillion Clean Energy Investment Needed To Avoid Climate Catastrophe

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.

Ensco, Rowan to merge to create $12bn offshore drilling company

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.

Saudi Aramco, Total sign FEED agreement for $9bn Jubail petrochemical complex

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.

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