Energy Update
The World Bank Group committed $1 billion to finance battery-storage systems in developing and middle-income countries, and expects its participation to attract another $4 billion in backing from investors as well as public and private funds.
The Vorlich oil field is estimated to have a peak production of 20,000 barrels gross of oil equivalent a day following its development. BP is targeting an overall
The post BP gets OGA approval to move ahead with Vorlich oil field development appeared first on Compelo Energy.
The Norwegian oil and gas had recently acquired a stake of 25% in the Roncador oil field in the Campos Basin from Petrobras for $2bn along with additional
The post KNOT wins shuttle tankers contract from Equinor for Roncador oil field appeared first on Compelo Energy.
OMV said that the Umm Lulu and SARB fields will initially produce 50,000 barrels per day, which is expected to be increased to 129,000 barrels per day by the
The post OMV begins production from Umm Lulu and SARB fields offshore Abu Dhabi appeared first on Compelo Energy.
As per the order from Berkshire Hathaway Energy’s subsidiary, Vestas will supply and commission V110-2.0 MW turbines for the Wind XI project. The contract also includes a five
The post Vestas secures 356MW turbine supply order for 2GW Wind XI project in Iowa appeared first on Compelo Energy.
The EMG Pipeline, which is nearly 90km long, is mainly located offshore, linking the Israel pipeline network from Ashkelon to the Egyptian pipeline network near El Arish. The
The post Delek, Noble and Egyptian East Gas to buy stake in EMG Pipeline for $518m appeared first on Compelo Energy.
The merged entity called Wintershall DEA will aim for a daily oil and gas production of 750,000 to 800,000 barrels of oil equivalent (BOE) between 2021 and 2023.
The post BASF, LetterOne to merge oil and gas businesses appeared first on Compelo Energy.
The new unit uses a catalyst system developed by ExxonMobil to remove sulfur and meet US Environmental Protection Agency specifications, while minimizing octane loss. This is the second
The post ExxonMobil opens new ultra-low sulfur fuels unit at Texas facility appeared first on Compelo Energy.
Under particular US legal rationale, such as calling foreign imports a “national security threat”, President Donald Trump has started imposing tariffs and/or quotas and has launched national security
The post COMMENT: Does the Trump-led trade war with China threaten US energy dominance? appeared first on Compelo Energy.
The three offshore wind projects in Belgium that are to get state support are the 235MW Mermaid project, the 252MW Seastar project and the 219MW Northwester2 project. The
The post EC approves €3.5bn state aid to three offshore wind projects in Belgium appeared first on Compelo Energy.
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