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Oil Field

TAQA Files Decommissioning Plans for Two North Sea Platform Topsides

TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities.

Oil Field

Petrobras, Karoon Agree on Changes to Terms of $665 mln Sale of Baúna Field Stake

Under the new terms, Karoon is paying an initial $380 million to Petrobras, including a $49.9 million downpayment made on July 24.

Wind Farm

Repsol to Purchase 1.6GW of Renewable Assets in Chile

Repsol has agreed to form a joint venture (JV) with Grupo Ibereólica Renovables to manage a portfolio of renewable energy projects in Chile.

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…