NZ's Contact Energy will build a new geothermal plant for $421 million
Contact Energy, a New Zealand-based energy producer, will spend NZ$712 ($421.65 millions) on a new geothermal plant of 101 MW, Te Mihi Stage 2. The firm announced this Wednesday that it aims to replace Wairakei's geothermal powerstation, which is more than 70 years old.
Norwegian infrastructure fund Aker to launch 1 billion euros in 2025
The head of the Infrastructure unit at Industry Capital Partners, a Norwegian investment fund for energy transition, backed by Aker ASA industrial group, said that it plans to launch a 1 billion euro ($1.08 billion), inaugural fund in 2019.
Low Carbon, a UK investment company, sells 6 GW of Dutch battery storage.
Low Carbon, a UK-based renewables energy investor, has announced that it sold a portfolio of 6 gigawatts of battery storage project in the Netherlands to S4 Energy. S4 Energy is owned by global commodities trader Castleton Commodities International.
Statkraft CEO: Statkraft will sell assets in 3 countries
Statkraft's CEO announced on Wednesday that the Norwegian utility, Europe's biggest renewable energy producer and Statkraft's state-owned subsidiary, would sell assets in India as well as Croatia and The Netherlands, to concentrate the group's investment on fewer markets.
Woodside completes Tellurian acquisition for $1.2 billion
Woodside Energy announced on Wednesday that it had completed the acquisition, including the debt, of U.S. Gulf Coast Liquefied Natural Gas export project developer Tellurian. Tellurian's shareholders voted last week in favor of the proposed acquisition by Australian energy producer.
The green energy arm of NTPC, a state-run company, files for a $1.2 billion India IPO
India's NTPC Green Energy filed a draft paper for a $100 billion rupee ($1,19 billion) initial IPO on Wednesday. The company is looking to capitalize on India's plans to expand its renewable energy sector and the booming equities markets.
Sources say that the owner of energy producer Maverick is interested in selling it for $3 billion.
According to sources familiar with the situation, the private equity owner of Maverick Natural Resources has been exploring the possibility of selling the U.S. oil-and-gas producer for a price that would be around $3 billion including debt.
Occidental Petroleum Jumps into Acquisition Mode
Occidental Petroleum said on Monday it would buy energy producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding in the lucrative Permian basin.Investors are pressing oil and gas producers to expand…
US Prepares Renewal of Chevron's Venezuela License Without Broader Terms
The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said.The last U.S.
Fortescue Assessing Green Ammonia Plant in Australia's Tasmania
Fortescue Metals Group said on Tuesday it was assessing prospects to build an ammonia plant in the southern island state of Tasmania, as part of its push to become a major renewable energy producer.The project would include a 250…
CNOOC to Trim 2020 Spending by Up To 15%
China National Offshore Oil Corp (CNOOC) will trim annual investment by 10% to 15% in 2020, while maintaining its goal of increasing domestic crude oil and natural gas production for the year, the company said in a statement on Wednesday.CNOOC Ltd…
Mayflower Wind Bids for Massachusetts Offshore
Mayflower Wind, a joint venture of Shell and EDPR Offshore North America, has submitted proposal to the state and utility company to deliver energy from offshore wind installations.The provider of cleaner energy solutions using the…
Anadarko Mulls 16 LNG Charters for Mozambique
Anadarko said on Thursday it would seek long-term charters for around 16 liquefied natural gas (LNG) tankers it would need to ship gas from a proposed project in Mozambique.The independent U.S. energy producer aims to take a final…
Anadarko Nearing FID for Mozambique LNG
U.S. independent energy producer Anadarko moved closer to a final investment decision (FID) to build a giant liquefied natural gas (LNG) terminal in Mozambique after signing up an Indian buyer for the gas and saying another deal…
Suncor CEO to Retire Next Year
Suncor Energy Inc said on Wednesday its chief executive will retire mid-next year, with the company's chief operating officer taking over the top job at that time.Steve Williams, who has been with the company for 16 years and CEO since 2012…
Equinor Makes Solar Energy Push
Norway's Equinor has bought a 9.7 percent stake in renewable energy producer Scatec Solar, raising its ownership to 10 percent, the state-controlled energy firm said on Thursday."The investment in Scatec Solar will increase Equinor’s exposure to a fast growing renewable sector, furthe
Gazprom to increase gas deliveries to Austria
Russian energy producer Gazprom will deliver more gas to its Austrian partner OMV, the two companies said on Monday.Deliveries to Austria will be increased by 1 billion cubic meters per year, they added."The signing of a document on additional exports beyond the contractual amounts se
Suncor Energy CEO Sees No Need for Oil Output Cuts
Suncor Energy Inc , Canada's second-largest energy producer, does not need to reduce crude output as some of its peers are doing to cope with low prices, Chief Executive Steve Williams said on Thursday.Suncor, which has dedicated…
Mariner East 2 Expected to Enter Service in Q4
U.S. energy company Energy Transfer LP plans to start service on its Sunoco Mariner East 2 natural gas liquids pipeline in Pennsylvania during the fourth quarter of 2018, an analyst following the company said on Monday.Energy Transfer…
Sinopec Plans to Build Canadian Oil Refinery
China's Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province's heavily discounted crude.State-owned Sinopec, formally known as China Petroleum & Chemical Corp…
