Shell to shed Nigerian oil licenses worth $2 billion to local bidders
Oil giant Shell has reportedly initiated negotiations with local oil producers for selling two of its Nigerian oil licenses in the Niger Delta, collectively worth $2 billion. The Anglo-Dutch petrochem....
Silk Road Fund acquires 24% stake in the 700 MW DEWA CSP project
Saudi Arabia’s ACWA Power, has recently unveiled that China’s Silk Road Fund will acquire a substantial equity stake in one of Dubai Electricity & Water Authority’s (DEWA) projects. Apparent....
Keppel bags floating infrastructure contracts worth S$70 million
Keppel Offshore & Marine Ltd., in its recent announcement has unveiled that it has secured two contracts in Brazil & Singapore with a combined value of over S$70 million through its wholly-own....
Saudi Arabia invests $10 billion in South Africa energy industry
In what may seem to a major move in order to kick-start the country’s struggling economy, Saudi Arabia has unveiled its plan to invest a minimum of USD 10 billion in South Africa’s energy sector. ....
Doriemus’ Horse Hill test campaign to depict positive results
UK oil firm Doriemus, in its recent announcement has unveiled that it its making rapid progress at its partly-owed Horse Hill oil & gas field and has now completed the “clean-up†phase....
SEC opens bid for power plant work, GE to face competition from rivals
Saudi Arabia, one of General Electric Co.’s largest and valuable customers has recently announced that it is lining up competitors against GE for lucrative power plant work. Sources familiar with th....
Peru opens its largest wind farm with 132 MW/day energy potential
Sources at Peru’s Ministry of Energy and Mines (MINEM) confirmed that the country’s largest wind farm, situated in the southern Ica region, was opened for operations on Wednesday. The project ....
Cuadrilla gears up to frack the first horizontal shale well in Britain
Cuadrilla, the energy exploration company disclosed that it is awaiting an approval from the government for fracking Britain’s first horizontal shale oil well, amidst years of protests and admin....
Vitol & Low Carbon invest €200m to target Europe wind energy industry
Vitol Group, the world’s largest independent oil trader and investment firm Low Carbon are launching a new EUR 200 million renewable fund in partnership to invest in the European wind energy sec....