Energy Update
The 96-mile transmission line and the substation are being built in northeast Missouri to bolster energy reliability for the region.
Recently, ATXI started construction on the site of the Zachary Substation adjacent to the existing Adair Substation in Adair County, Missouri.
XIS Energy has received a substantial investment from Aerotec, a Brazilian Private Equity fund. This £3.7 million investment is Aerotec’s first international venture. The Aerotec Fund is centred on Aerospace and advanced manufacturing and is anchored by CODEMIG, the Economic Development Company. The fund is managed by Confrapar – a pioneer in the Brazilian Venture Capital and private equity market.
As a provider of smart, residential solar storage solutions, sonnen will be able to leverage this financing to strengthen its lead and accelerate growth in markets such as the United States and Australia.
Covering 229 blocks or part-blocks, the licenses are expected to serve as a strong platform for future exploration and production across the UK Continental Shelf (UKCS).
The work commitments under the licensing round include eight firm exploration/appraisal wells; nine firm new-shoot 3D seismic surveys; and 14 licenses move straight to field development planning.
As per the PPA, Luxcara will supply renewable energy of about 294MW from the three wind farms, including Gravdal, Skinansfjellet and Eikeland-Steinsland in southwest Norway, to Facebook.
The three projects are collectively known as the Bjerkreim cluster and will include 70 of 4.2MW turbines. These wind projects are expected to reach commercial operation in the last quarter of next year.
The fully-operational Comanche project involves pipeline development and natural gas gathering and processing located in Ward, Reeves, and Pecos counties of West Texas.
PLG CEO Sheila Jackson said: “As an extension of an already highly productive partnership, PLG has enjoyed working with Brazos again.
The 100%-owned Kennady North Project was recently acquired through a business combination with Kennady Diamonds Inc.
Three drill rigs have been active on the program, with one drill dedicated to delineation drilling on Faraday 2, a second drill dedicated to geotechnical drilling on the Faraday kimberlites, and the third drill testing exploration targets within the Kelvin-Faraday Corridor.
A total of 38 drill holes were completed for a program total of 6,826 metres.
The firm announced the commitment by the PL740 Brasse Joint Venture partners (Faroe 50% and operator and Point Resources 50%) to drill the Brasse East exploration well and award the associated rig contract, with commencement of drilling operations expected in Q4 2018.
(Thu, 24 May 2018) More than half of all U.S. motor gasoline exports went to Mexico in 2017. Changes to Mexicoâs retail gasoline and diesel fuel markets, combined with low utilization of Mexicoâs petroleum refineries, resulted in increased gasoline imports from the United States. Although Mexico is a relatively large crude oil producer, Mexico relies on imports of gasoline from the United States to meet domestic demand.
(Thu, 24 May 2018) Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent. The country also serves as a major transit route for oil shipped from the Persian Gulf to Europe and to the United States. Substantial natural gas discoveries have generated significant interest among business investors and may potentially boost production and allow Egypt to become a net exporter again in the medium term.
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