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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.
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.
Wind Power Project
RCG Joins Vietnamese Nearshore Wind Project
The Renewables Consulting Group has entered into a contract to provide technical advisory services for the Hiep Thanh nearshore wind farm in Vietnam.
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.
Crude Oil
Indian Refinery Runs Edge Higher in June
Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.
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…
Energy Investment
Efficiency Companies Raise $858 Million In VC Funding In 1H 2020
Funding into Battery Storage and Efficiency companies was down in the first half of 2020
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.
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