Energy Update
Data from the China Association of Automobile Manufacturers (CAAC) revealed that in May 2018, 96,000 electric vehicles (pure electrics and hybrids combined, comprising what the Chinese government and media refer to as “new energy vehicles”) rolled off assembly lines, while 102,000 units were sold, increases of 85.6 percent and 125.6 percent, respectively, over the same period last year.
According to data released by the National Energy Administration of China, the country added wind power grid-connected capacity of 3.94 GW during the first quarter of this year, a year-over-year increase of 12 percent. The country’s average wind curtailment rate had decreased to 8.5 percent as of the end of the quarter, down 8 percentage points from a year earlier.
Ulstein Group CEO Gunvor Ulstein said: “We are very pleased that Nexans, a solid and important player, chooses Ulstein to construct their new flag ship. We have a
The post Ulstein Verft to build power cable laying vessel for Nexans appeared first on Compelo.
Abdulla Kalban, Managing Director and Chief Executive Officer of EGA, and Vedanta’s Chief Executive Officer of Diversified Metals Samir Cairae and Chief Executive Officer of Alumina and Power
The post EGA to supply bauxite for Vedanta’s mining project in Guinea appeared first on Compelo.
The 878km pipeline, which will start at the Greek/Turkish border, will cross Northern Greece, Albania and the Adriatic Sea prior to coming ashore in Southern Italy to connect
The post EBRD approves €500m loan for €4.5bn Trans Adriatic Pipeline project appeared first on Compelo.
The funding from Mining Equipment, Technology and Services (METS) Ignited Collaborative Project Funds will be used by the firms to develop highly-advanced solutions to meet variety of mining
The post Australia grants $7m funding for eight new mining technology projects appeared first on Compelo.
The Norwegian oil and gas giant said that the transaction enables the company and its partners to fully align interests across the BM-S-8 license and the adjacent Carcará
The post Equinor to buy out Barra’s stake in BM-S-8 license offshore Brazil appeared first on Compelo.
Navantia, as part of a contract awarded earlier, has built the Andalusia II substation for the East Anglia One wind farm. Being developed with an investment of more
The post Navantia hands over offshore substation for 714MW East Anglia 1 wind farm in UK appeared first on Compelo.
The Eagle Ford oil assets sold in the transaction include 22 producing wells and an underdeveloped acreage of around 23,000 net acres. Financial terms of the transaction were not
The post Venado and KKR partnership acquires more Eagle Ford oil assets appeared first on Compelo.
The agreement applies to two of Gurmat’s geothermal power plants, each generating 47.5MW of clean energy. These two plants are powered by steam turbines supplied by MHPS. Gurmat is
The post MHPS to provide parts management services for Germencik geothermal power plant in Turkey appeared first on Compelo.
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