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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.

Aecon JV bags Enbridge contract for Line 3 Replacement project in Manitoba

SA Energy Group is a 50/50 joint venture (JV) between Canadian construction company Aecon and Robert B. Somerville, a general contractor based in Ontario. The Line 3 Replacement

Major utilities continue to increase spending on U.S. electric distribution systems

(Fri, 20 Jul 2018) Spending on electricity distribution systems by major U.S. electric utilities—representing about 70% of total U.S. electric load—has risen 54% over the past two decades, from $31 billion to $51 billion annually. This increase has been largely driven by increases in capital investment.

Devon Energy completes $3.1bn sale of EnLink Midstream to GIP

With the closing of this transaction, the financial results of EnLink Midstream will no longer be consolidated with Devon’s upstream business and historical results related to EnLink will
The post Devon Energy completes $3.1bn sale of EnLink Midstream to GIP appeared first on Compelo Energy.

Metgasco farms in to South Marsh Island 74 project, Gulf of Mexico

The SM-74 prospect addresses gross (unrisked) Prospective Resources of 5.2 million barrels of oil and 13 Bcf of gas. Metgasco is participating in SM-74 to a working interest
The post Metgasco farms in to South Marsh Island 74 project, Gulf of Mexico appeared first on Compelo Energy.

Equinor secures PSA nod to power Johan Sverdrup project from onshore facility

Power to the Johan Sverdrup project will be sourced from the onshore grid and converted to DC at a transformer station located at the project’s converter station at

Matsa Resources to begin mining at Red Dog gold deposit

The company is expected to commence mining activities at Red Dog gold deposit in early August. While AngloGold Ashanti will purchase all ore produced at the Red Dog
The post Matsa Resources to begin mining at Red Dog gold deposit appeared first on Compelo Energy.

MOD Resources to acquire MTR’s stake in T3 Project

The acquisition enables MOD Resources to gain full ownership of the T3 Project in Botswana. The project is claimed to be a financially robust copper project. The transaction
The post MOD Resources to acquire MTR’s stake in T3 Project appeared first on Compelo Energy.

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