Energy Update

South Africa is set for a dramatic shift in its energy mix in the coming years thanks to the government’s decision to restructure its energy output.

The portfolio comprises of four wind farms Raheenleagh, Cloosh Valley, Castlepook and Sliabh Bawn wind farms. Under the deal agreement, Greencoat Renewables will acquire Coillte’s 50% stake in Raheenleagh,
The post Greencoat Renewables to acquire stakes in 240MW Irish wind farms appeared first on Compelo Energy.

For the transaction, Sapura Energy has signed heads of agreement (HoA) with OMV to form a strategic partnership. OMV intends to acquire a 50% stake in Sapura Energy’s
The post Sapura Energy to sell 50% stake in upstream business appeared first on Compelo Energy.

(Wed, 12 Sep 2018) The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s Short-Term Energy Outlook (STEO). In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the United States surpassed Russia in crude oil production for the first time since February 1999.