Energy Update
It is anticipated that under the Strategic Alliance, Hillcrest will introduce the Partner to pre-screened acquisition opportunities to be operated and managed by Hillcrest, and the Partner would fund the acquisition and development thereof.
The Canadian junior exploration company has entered into a binding letter of intent (LOI) to buy 100% of the shares in Drummond East to get hold of a total of around 1,126km2 of exploration properties.
Located in Ningbo, Zhejiang province, the Zhenhai refinery is the most profitable company under Sinopec, the world’s biggest refiner. Sinopec plans are to build itself into a world-class, high-tech and integrated refining and chemical base, as it benefited from the refining business amid the biggest crude price slump in a generation.
The Australian oil and gas producer has also terminated further discussions with Harbour Energy, which had made five approaches to acquire it over the last nine months.
As per the last offer given by Harbour Energy, Santos would be paid $5.21 per share for 100% of its shares by the former’s Australian subsidiary – Harbour Energy Australia.
The number of electric vehicles (EVs) worldwide is growing rapidly and BP is working across the supply chain to support the development of the technologies and infrastructure required to support that growth. BP believes that ultra-fast charging will be key in accelerating the adoption of EVs worldwide.
The GIS will be installed at the new Wuhletal substation, to strengthen the distribution network and supply reliable electricity to residents in the Berlin-Kaulsdorf neighborhood.
The Wuhletal substation is located in the eastern district of Marzahn.
Stromnetz Berlin is investing in ABB’s gas-insulated switchgear (GIS) substation, which will replace an aging one. ABB will design and supply a 110-kilovolt (kV) GIS for the project.
(Wed, 23 May 2018) In December 2017, the passage of Public Law 115-97 required the Secretary of the Interior to establish and administer a competitive oil and natural gas program for the leasing, development, production, and transportation of oil and natural gas in and from the Coastal Plain (Section 1002 Area) of the Arctic National Wildlife Refuge (ANWR). Previously, ANWR was effectively under a drilling moratorium.
(Wed, 23 May 2018) Canada is the largest energy trading partner of the United States, based on the combined value of energy exports and imports. Although the value of bilateral energy trade with Canada has varied over the past decade, driven primarily by changes in the prices of oil and natural gas, the overall structure of bilateral energy trade flows has changed relatively little, with the value of U.S. energy imports from Canada consistently exceeding the value of U.S.
Pakistan is hoping to convince the World Bank to call for a court of arbitration following the inauguration of India's 330-MW Kishanganga plant last week.
Construction has begun on a 4-MW solar PV project that New Jersey-based EPC firm Conti Solar says will be the largest landfill solar project in Ohio.
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