Category: Power & Energy
Power & Energy
Australia’s leading energy company Viva Energy Group has made it to the headlines for entering into a power purchase agreement with Acciona Energy intended to supply electricity to its oil refinery from a wind farm. Viva Energy announced that the agreement would secure pricing on …
Power & Energy
The move will allow IOC to import around 3 million tons of U.S. crude oil into India as part of its strategy to diversify crude sources. India’s top oil refiner, Indian Oil Corp. (IOC) has recently inked a $1.5 billion deal to buy U.S. crude …
Power & Energy
The company rightly recognizes that BESS solutions are set to form the inevitable part of the grids worldwide Sterlite Power has recently announced that it has proposed contract bids for two storage projects in the latest auction brought to close by Salt River Project utility …
Power & Energy
Reports indicate that Royal Dutch Shell Plc, Stiesdal Offshore Technologies A/S (SOT), and Innogy SE have taken a final investment decision (FID) regarding a floating foundation demonstration project, offshore Norway, valued at €18 million ($20.4 million). Apparently, SOT’s TetraSpar floating foundation concept would be tested …
Power & Energy
The Makani energy kite project of the Alphabet group is reportedly graduating from the X Moonshot Factory. Sources familiar with the development claim that the collaboration with oil & gas mammoth Shell would expand to offshore environments as part of gaining the status of an …
Power & Energy
A World Bank Group member, IFC (International Finance Corporation) recently announced the commitment of USD 75 million investment in a green bond issued by AC Energy Finance International Limited & guaranteed by Ayala Corporation’s power division AC Energy. According to sources familiar with the matter, …
Power & Energy
WWF Scotland receives £10 million funding to develop tidal energy tech The funding boost of up to £10 million would be going towards the projects that are supporting the development of the industry. The move has been hailed as extremely vital in fighting climate …
Power & Energy
Kuwait Petroleum Corporation is reportedly reevaluating plans to spend around $500 Bn in capital investment. The organization is most likely to come up with a decision this year regarding the merger of its 8 business units into 4 to streamline the organization, reported a source …
Power & Energy
The company has made a strategic investment in IOS as it has made quick progress since its inception in 2014 WellConnection Group, one of the foremost Norwegian inspection, maintenance and repair (IMR) firms, has entered into the UK market by purchasing the Peterhead-based Independent Oilfield …