Category: Power & Energy
Power & Energy
Singaporean telecom giant Singtel is reportedly entering the electricity reselling business in an alliance with Geneco, the integrated energy provider unit of YTL PowerSeraya. The two companies recently said in a joint statement that the power, which would be resold through Singtel Power, would allow …
Power & Energy
The contract involves establishing three wind farms in the country along with Senvion offering full maintenance services for 20 years. The German wind turbine manufacturer, Senvion S.A. has reportedly secured contracts for developing 41 megawatts (MW) of wind energy with leading Saudi Arabia based developers …
Power & Energy
Sungrow Power Supply Co., Ltd, has recently announced that the company has supplied its 1500V inverters, which includes a complete solution for local medium voltage, to a solar PV installation of 400 megawatts (MW). Spain-based Solaria Energía y Medio Ambiente has allegedly commenced the construction …
Power & Energy
The Russian Direct Investment Fund (RDIF), a sovereign wealth fund of Russia, has reportedly announced that it has finalized the main terms of the deal on Novomet, an oilfield service firm based in Russia, with its Saudi partners. Reports cite, the announcement was exclusively made …
Power & Energy
The Nigerian petroleum industry major SPDC (Shell Petroleum Development Company Ltd.) has recently made it to the front page for announcing an FID (Final Investment Decision) on the Assa North Gas Development Project in the Nigerian state of Imo. Apparently, the project is intended for …
Power & Energy
The Anglo–Swiss multinational commodity trading and mining firm Glencore plc has reportedly increased its stake in two coal mines of Australia, as it continues to raise its energy commodity portfolio. As per trusted sources, Glencore has signed an agreement with Mitsubishi Corporation to buy its …
Power & Energy
The U.S.-based multinational oil and gas company ExxonMobil Corporation has reportedly made a final investment decision to develop the Bass Strait gas field project, which is slated to provide more gas to the Australian state of Victoria over the next five years. As per trusted …
Power & Energy
California has formally added a new requirement for homes that would be constructed in the state starting in 2020. As per trusted sources, the state has included the mandate of installing solar rooftop panels in the state’s building code followed by an approval by the …
Power & Energy
Canadian Natural Resources Ltd. is reportedly cutting down its capital budget for 2019 by around $1 billion owing to poor oil prices in western Canada. However, the company claimed it would ramp up its spending if the prices rebound. On Dec. 5, 2018, the Canadian …