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Magellan plans to expand refined petroleum products pipeline in Texas

The firm earlier said it will expand the capacity of the line segment to roughly 150,000 barrels per day (bpd) from its current capacity of 100,000bpd. However, due
The post Magellan plans to expand refined petroleum products pipeline in Texas appeared first on Compelo Energy.

Energy Absolute Plans Thai "Gigafactory" to Seize Battery Storage Market

A Thai-based renewable energy technology company, Energy Absolute, plans to invest $3 billion in a battery 'gigafactory', hedging on Southeast Asia’s uptake of electric vehicles and smart grids.

How Wind and Hydro Power Plus Energy Storage Are Paving the Way to 100 Percent Renewables in Alaska

While most of the world struggles with stabilizing renewables on the grid, a small island in Alaska has it all figured out.
Kodiak Island, a place where you’ll find a self-sufficient community encircled by expanse wilderness, is known for its wild bears, its fish processing industry, and — of most interest to those in the energy storage sector —f or its nearly 100 percent clean energy microgrid.

Desert Gold concludes drill program at Farabantourou permit in Mali

This program is a first step of a larger regional-scale gold exploration strategy that is focused along and proximal to the Mali-Senegal Fault Zone (“MSFZ”), which is related
The post Desert Gold concludes drill program at Farabantourou permit in Mali appeared first on Compelo Energy.

Savannah Petroleum spuds Eridal-1 Well in Agadem Basin, Niger

As with the other wells in this campaign, Eridal-1 is designed to evaluate potential oil pay in the Eocene Sokor Alternances as the primary target, with the secondary
The post Savannah Petroleum spuds Eridal-1 Well in Agadem Basin, Niger appeared first on Compelo Energy.

Southcross Energy Partners scraps merger with American Midstream Partners

Southcross Energy revealed that the previously signed deal in last October has been terminated as American Midstream Partners could not achieve conditions needed under the merger agreement. On

Petrofac to sell 49% stake in Mexican operations to Perenco for $400m

The deal covers sale of 49% of Petrofac Netherlands, which owns the Santuario Production Sharing Contract, the Magallanes Production Enhancement Contract and the Arenque Production Enhancement Contract. For

ADB grants $357m to upgrade Bangladesh’s power transmission network

The investments include: ADB loan of $350m, a $7m grant from the Japan Fund for the Joint Crediting Mechanism (JFJCM) and a $500,000 grant from the Republic of
The post ADB grants $357m to upgrade Bangladesh’s power transmission network appeared first on Compelo Energy.

KKR, Williams to buy US-based Discovery Midstream for $1.2bn

Discovery Midstream is a provider of oil and natural gas gathering and natural gas processing services in the southern portion of Colorado’s Denver-Julesburg Basin. Discovery Midstream’s assets include

Electricity Reliability Council of Texas surpassed all-time peak hourly load in July

(Tue, 31 Jul 2018) On July 18, 2018, electricity demand in the area served by the Electricity Reliability Council of Texas (ERCOT) reached a new all-time hourly peak load of 72,192 megawatts (MW) during the hour starting at 4:00 p.m. That record was itself surpassed the following day during the hour starting at 5:00 p.m., with load reaching 73,259 MW. The previous record of 71,111 MW occurred on August 11, 2016.

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