GasLog Sees Tighter LNG Shipping Market
GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States LNG output combines with a seasonal uptick in demand for gas, resulting in rising demand for shipping and higher utilization of the global fleet.These underlying trends…
RWE Submits E.on-Innogy Acquisistion Deal for EC Clearance
German energy group RWE AG announced that it has filed with the European Commission (EC) its planned acquisition of the renewable energy business of both E.on SE (ETR:EOAN) and Innogy SE.The landmark deal between German utilities Eon and RWE was signed in March 2018, RWE agreed to sell its majority interest in Innogy to E.on, while…
ABB Unveils Line Voltage Regulator
ABB today at the International Conference and Exhibition on Electricity Distribution (CIRED) in Lyon, France, formally launched its line voltage regulator (LVR) product family for distribution networks that will boost reliability as grids receive more electricity from renewable energy installations. Increasing amounts of energy from renewable resources…
Norway Parliament Votes to Cut Coal Investments
Norway's parliament voted on Friday to reduce coal investments by its $880 billion sovereign wealth fund, the world's biggest, in a decision hailed by environmentalists as a model to help slow climate change. Under the unanimous deal, the fund will sell all shares in companies that get more than 30 percent of their turnover or activity from coal.
Repsol to Drill First Phase of Canary Islands Solo
Repsol, part of a consortium planning to explore for oil off the Canary Islands, will carry out the first phase of the project on its own, a source with knowledge of the matter said on Wednesday. The Spanish oil company and its partners Woodside Energy Ltd. of Australia and RWE AG's oil and gas arm DEA got the green light to drill two sites off the coast of the Canary Islands earlier this month…
