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Energy Investment

Brazil’s Eneva Offers $1.4bn to Acquire Stake in AES Tiete

Brazilian power generation company Eneva has reportedly submitted an offer of a $1.44bn (BRL7.5bn) to acquire a controlling stake in AES Tiete Energia.

Thermal Plant

Wärtsilä to Deliver Dual Fuel and Storage Solution for Virgin Lslands Power plant

Wärtsilä will deliver engineering, construction, dual-fuel engines and energy storage capacity for a new power plant in the U.S. Virgin Islands.

Oil & Gas Trade

Sinopec Unit Sells Gas Pipeline Asset to PipeChina

China's new oil and gas pipeline company PipeChina has made its first purchase of gas infrastructure assets.

Electricity Transmission

Iberdrola Slams UK’s Proposal for Lower Network Returns

Spanish utility Iberdrola's chief executive, Ignacio Galan, has strongly criticised UK energy regulator Ofgem's proposal to cut the allowed return on equity for…

Oil & Gas Trade

Kuwait Heavy Oil Output to Hit 75,000 b/d by September

State-owned KPC's upstream arm KOC has been ramping up production from the South Ratqa heavy oil field and expects to reach its phase one plateau target of 60,0…

Oil & Gas Trade

Indonesia’s August Gasoline Imports Likely to Stay Low

Indonesia's gasoline imports are expected to remain low in August despite increasing driving activity in the southeast Asian country.

Wind Energy Technology

Tunisia Tackles Wind Energy with Wind Lidar

Technical consultancy Firnas Shuman delivers one-year ZX Lidars wind measurement campaign for major developer

Electric Car

Volvo Chief Stresses Importance of State-Backed Charging Infrastructure for Electric Vehicles

The chief executive of Volvo Cars described plug-in hybrids as a “very popular concept” on Tuesday, but emphasized the need for government support when it com…

Aker 2Q13 Earnings Impacted by Order Delays and Cancelations

Aker Solutions reported revenues of NOK 11.9 billion in the second quarter of 2013, compared with NOK 11.9 billion in the second quarter of 2012

Oil Field

Shell Gets Green Light for Brent Alpha Jacket Decommissioning Plan

UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea.

Solar Power Plant

Solar Investment is Paying Off with Emissions Reduction for Montego

Montego Pet Nutrition has reported a 300-tonne reduction in CO2 emissions after installing solar panels.

Electric Car

Electric Vehicle Market Likely to be Rs 50,000 Crore Opportunity in India by 2025

The electric vehicle market is likely to be a Rs 50,000-crore opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrificatio…

Italy

INNOSEA Receives Grant for Floating Solar R&D Project

Engineering firm INNOSEA has been awarded a European H2020 grant to undertake a research and development project to support more efficient.

Microgrid

Cummins Gas-Fired Generator Selected for Aussie Gold Mine Microgrid

Cummins has installed one of its lean-burn gas generators for a microgrid project at an Australian gold mine.

Oil Price

Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh

Brent crude LCOc1 was up 26 cents at $43.57 a barrel at 0944 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was up 29 cents at $41.36.