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Fury at Plans to Scrap UK Renewables Subsidies

Renewables and sustainability groups have reacted with fury to proposals by the UK government to scrap subsidies for green energy projects.

PG&E selects esVolta to build Hummingbird Energy Storage project

Scheduled to be commissioned by December 2020, the Hummingbird Energy Storage project is expected to be among the largest battery projects in the world. To be constructed near
The post PG&E selects esVolta to build Hummingbird Energy Storage project appeared first on Compelo Energy.

De Beers Canada to buy Peregrine Diamonds

As per terms of the deal, De Beers will purchase Peregrine’s 100% stock by paying C$0.24 per share. Peregrine Diamonds is the owner of Chidliak diamond resource situated
The post De Beers Canada to buy Peregrine Diamonds appeared first on Compelo Energy.

Adnoc awards $1.6bn seismic survey contract to CNPC

Under the contract, CNPC’s wholly-owned subsidiary BGP will carry out survey, covering an area up to 53,000km2. The new seismic survey will cover an area of up to
The post Adnoc awards $1.6bn seismic survey contract to CNPC appeared first on Compelo Energy.

Vestas partners with gearbox manufacturer ZF

By expanding the partnership with ZF, Vestas will offer customers solutions that can lower repair costs, decrease downtime, and limit additional future repairs. Leveraging the companies’ complementary service
The post Vestas partners with gearbox manufacturer ZF appeared first on Compelo Energy.

OGTC launches new initiative to reduce oil field development costs

The industry-backed Facility of the Future is also expected to help the industry unlock over 3.5 billion barrels of reserves across marginal discoveries on the UK Continental Shelf
The post OGTC launches new initiative to reduce oil field development costs appeared first on Compelo Energy.

Scotland’s £2.6bn Beatrice offshore windfarm generates first power

Beatrice, which is claimed to be the country’s largest offshore wind farm, has started producing power following the installation of the first 7MW turbine. Beatrice offshore windfarm is
The post Scotland’s £2.6bn Beatrice offshore windfarm generates first power appeared first on Compelo Energy.

GIG reaches financial close on 235MW Overturingen wind farm in Sweden

The Overturingen wind farm will be owned 100% by GIG, the specialist green energy principal investment business of Macquarie Group. Macquarie Capital (Europe) as the financial adviser to

Concho Resources acquires rival Texas oil and gas firm RSP Permian

The transaction creates the largest unconventional shale producer in the Permian Basin. Concho chairman and CEO Tim Leach said: “We are excited to complete this transaction and welcome
The post Concho Resources acquires rival Texas oil and gas firm RSP Permian appeared first on Compelo Energy.

Petrofac TSE JV wins contract for Turkish gas storage expansion project

Petrofac revealed that the multi-million dollar contract awarded by the Turkish state-owned crude oil and natural gas pipelines and trading company for the gas storage expansion project is

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