Category: Power & Energy
Power & Energy
Under a 51 percent joint venture, Golden Energy and Resources (GEAR) has reportedly executed an off-market takeover bid for Stanmore Coal, an Australian-listed mining company. Reportedly, GEAR will be acquiring a 19.9 percent stake in Stanmore Coal for $47.6 million. GEAR stated that Australia-based Golden …
Power & Energy
General Electric shares recently surged about 8% on Nov. 13, after the global corporation announced that it plans to speed up the sale of stakes it holds in Baker Hughes, the oilfield-services provider. Baker Hughes has reportedly agreed on buying back 65 million of its …
Power & Energy
Total S.A. and Sempra Energy have announced the signing of a Memorandum of Understanding (MoU) which provides a framework for collaborating on the development of liquefied natural gas (LNG) export projects in North America. The MoU covers the continuation of developing EnergÃa Costa Azul (ECA) …
Power & Energy
Telson Mining Corporation has reportedly signed a renewable power purchase agreement with Energia Solar Alaia IV, S.A.P.I de C. V. (“Energia Solar”), known as the Green Energy Agreement, in an attempt to lower its carbon footprint as well as reduce the operating costs of mining …
Power & Energy
Algerian state-owned energy company Sonatrach has reportedly inked agreements with Italy’s Eni and France’s Total for the first oil explorations off the Mediterranean coast at the North African country. As per trusted sources, the new deals include an exclusive collaboration for offshore exploration in Algeria. …
Power & Energy
Italian natural gas transmission company, Snam has signed a MoU (memorandum of understanding) with China’s leading natural gas distributor and supplier, Beijing Gas Group Co Ltd. Through this collaboration, both companies plan to work together to study future opportunities in natural gas and biomethane storage …
Power & Energy
Mitsubishi Electric Corporation has been reportedly chosen to supply Myanmar’s Electric Power Generation Enterprise (EPGE) with 46 gas insulated switchgear, 7 transformers, and other equipment through the company’s Thailand-based subsidiary Mitsubishi Electric Asia. As per trusted sources, the equipment would be transported in the next …
Power & Energy
Nestlé Waters North America (NWNA) and ENGIE Resources recently announced that the companies have signed a renewable energy agreement, reports have confirmed. According to the deal, ENGIE will supply more than 50 percent of energy which is needed for manufacturing and distribution facilities of NWMA …
Power & Energy
Siemens and General Electric have reportedly signed informal agreements to supply electricity to Iraq. As per trusted sources, General Electric inked the deal after intervention from the White House. The Iraqi government released a statement on Sunday in which it noted that the nation has …