Shell makes a comeback in the North Sea with new gas field investment
The British-Dutch oil company Royal Dutch Shell has reportedly announced its plans to invest in the North Sea to construct a gas field 149 miles east of Aberdeen. As per trusted sources, the energy gi....
CPS Energy unveils first solar energy, battery storage project in Texas
San Antonio’s natural gas and electric provider, CPS Energy has recently announced opening of its first solar energy and battery storage project in Texas, a significant step in utilizing innovative ....
Baker Hughes enters $550m deal to buy 5% stake in ADNOC drilling unit
The U.S. headquartered oil industry company Baker Hughes has announced a tie-up with Abu Dhabi National Oil Company (ADNOC) to acquire a 5 percent stake in its drilling unit. The transaction is suppos....
Keppel to construct two more LNG carriers for Stolt-Nielsen Gas
Keppel Offshore & Marine (Keppel O&M) has reportedly announced to have signed contracts with Stolt-Nielsen Gas to construct two more small-scale liquefied natural gas (LNG) carriers. As per tr....
Apollo Global to buy GE’ energy investments for USD 1 billion
The public equity company, Apollo Global Management LLC is reportedly buying energy sector investments from GE Capital for approximately USD 1 billion. Reliable sources claim that GE has not yet discl....
Global installed clean energy capacity to exceed 1T watts by 2023
The latest annual report from The International Energy Agency (IEA) on renewables reportedly forecasts that about 1.3 terawatts of extra clean energy would be installed across the globe by 2023. The a....
Greenko-Orange Renewable deal back on track, valued at $925 million
The Hyderabad-based clean energy company Greenko Group has reportedly resumed the deal to buy Orange Renewables from Singapore’s AT Capital Group for approximately $925 million. As per trusted sourc....
Saudi Aramco plans to invest in new oil refinery at Pakistans Gwadar
The petroleum ministry of Pakistan has reportedly announced to that Saudi Arabia has granted an in-principle approval to invest in a new oil refinery in the Gwadar port. As per trusted sources, the st....
Petrofac secures extension of contract from Chevron North Sea
The oilfield services firm Petrofac has reportedly announced to have procured a one-year extension for the engineering services contract from Chevron North Sea. As per trusted sources, the Engineering....