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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.

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.

Power Construction

Arcadis Ost 1 Offshore Substation Starts Taking Shape

Construction of the upper part of the Arcadis Ost 1 offshore substation has now begun at the former Lenin Shipyard in Gdansk, Poland, Elia Group said.

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.

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…

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.

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.

United Kingdom

Centrica to Sell US Business for $3.6bn as First-Half Profit Falls

British Gas owner Centrica said it was selling its US energy business to NRG Energy $3.6bn (£2.87bn) as part of a plan to turn the company around.

Energy Storage Technology

Ocean Wave Energy Company Receives DOE Boost for Energy Storage Technology

Oscilla Power receives $1.1 million Phase II SBIR award to help investigate how farms of ocean wave energy devices can utilize energy storage to reduce costs.

Solar Power Panel

Chevron is Installing Solar Panels — to Produce Oil more Cheaply

In California’s sun-drenched Kern Valley, Chevron Corp. has found a way to use one of the state’s clean-energy programs to cut the cost of pumping oil, to the…

Russian Federation

Rosatom Engineering Division Announces International Photo Awards

ASE (Engineering Division of Rosatom State Corporation) announces the beginning of competition - ASE International Photo Awards 2020.

Nuclear Fuel

Framatome Delivers First Fuel Reload to the Largest Power Producer in the US

Framatome delivered its first nuclear fuel reload to the largest power producer in the U.S.

Coal Trade

Ukraine's Coal Imports in the First Half of 2020 Fall 18.4% Year-on-Year

Ukraine's coal imports were 8.6 million tons, down 18.5% year-on-year. Among them, coal imports from Russia and the United States accounted for 60% and 30% resp…