Pandion Energy has an agreement to acquire 2.5% and 15% stakes from Wintershall Dea in Norwegian North Sea licences PL 820 S and PL 617. Subject to government approval, the transaction would lift Pandion’s interest in PL 820 S to 12.5%. In March…
Following the signing of the implementation agreement for the US$300 million Independent Power Project in January 2020, and under the patronage of the Ministry of Energy in Saudi Arabia, ACWA Power has executed the official agreements for the 240 MW wind power project which will…
We wish our readers, friends and families a wonderful New Year and that the pressures and that the worries and bother of Brexit and Covid will soon be behind you all.
Russia is stepping up work on the Nord Stream 2 pipeline before the US tightens sanctions against the controversial project designed to feed more natural gas into Germany. Construction of the 1,230-kilometre (764-mile) pipeline reached a milestone on the 27th December with the completion…
GE Renewable Energy has announced that it has secured a 27.2 MW contract to supply eight units of GE’s 3 MW-137 wind turbines to support construction of the Phuoc Minh Wind Farm, located in Ninh Thuan, in the South Central Region of Vietnam. A…
Brazilian oil major Petrobras has decided to transfer its commercial activities from London to Rotterdam. Port of Rotterdam said on the 29th December that the Brazilian oil firm would transfer its commercial activities from the London-based Petrobras Europe to Petrobras Global Trading BV back…
Oil and gas firm Energean has entered into an agreement to buy a 30 per cent stake in Energean Israel from Kerogen, resulting in Energean owning a 100 per cent stake in the company. Energean’s Israeli subsidiary holds a 100 per cent working interest…
Eni and the International Cooperation Centre of the National Development and Reform Commission (ICC-NDRC) have signed a memorandum of understanding to promote collaboration between Eni and Chinese energy players. The MoU establishes a cooperation framework aimed at facilitating joint initiatives between Eni and Chinese…
DEME Offshore has installed the last jacket foundation for the 950-MW Moray East wind farm in the Moray Firth in Scotland. The company was awarded the full EPCI scope for 100 wind turbine foundations plus three offshore substation platform foundations in December 2018. DEME…
What Will Brexit Trade Deal Mean for City of London? Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 23:00 GMT on the 31st December. The 27-nation EU is Britain’s biggest financial services…
