Category: Power & Energy
Power & Energy
MMP Resources has reportedly made it to the headlines for acquiring 50 percent stake for $25 million of a joint venture firm that owns an active gas field based in Russia. Reportedly, it would be deemed as a mineral, gas, and oil company post-acquisition. As …
Power & Energy
In a recent turn of events, India and Sweden have reportedly signed two MoUs pertaining to renewable energy in a bid to augment technology and enhance energy efficiency. According to trusted sources, the first Memorandum of Understanding was signed amid Swedish company Spowdi and EMVEE …
Power & Energy
U.S. oil and gas exploration and production company, Murphy Oil is reportedly willing to sell its Malaysian oil and gas assets. As per sources familiar with the matter, the discussions resumed post an unsolicited bid that may fetch between USD 2 billion to USD 3 …
Power & Energy
Drax power station, an expansive biomass & coal-fired power station located near the town of Selby in North Yorkshire, England, has reportedly begun a project to store carbon dioxide (CO2) emitted from biomass fuels. Reports cite, the power station had previously announced the £400,000 pilot …
Power & Energy
Air Liquide plans to reportedly build the first ever world scale liquid hydrogen production facility committed to the hydrogen energy markets in the west of U.S. As per trusted sources, the company inked a long-term agreement with FirstElement Fuel Incorporation (FEF), a key player in …
Power & Energy
The Government of Himachal Pradesh, a state located in northern India, has reportedly allotted the planned 780 MW Jangi-Thopan-Powari hydroelectric project to SJVN Limited on a Build, Own, Operate & Transfer (BOOT). Located in the district of Kinnaur, the hydroelectric project would be handed over …
Power & Energy
NSK Steering Systems, a company of Rane Group, which is a joint venture between Rane and NSK Japan, has recently started a new Electric Power Steering or EPS production facility in the Ahmedabad city of Gujarat, in a bid to cater the burgeoning demand in …
Power & Energy
Southeast Asia’s East Timor has recently agreed to acquire Royal Dutch Shell’s Greater Sunrise natural gas fields stakes for $300 million, moving closer to its ambition of owning an LNG facility. Sources close to the deal suggest that the agreement for Shell’s 26.56% stake in …
Power & Energy
Reports confirm that NTPC, the largest electricity producer in India, has its eye on distressed power plants run by Jaiprakash Power Ventures and RattanIndia Power. NTPC is apparently set to carry out an internal assessment of the plants of RattanIndia at Amravati and Nashik in …