Category: Power & Energy
Power & Energy
MEG Energy, a Canadian oil sands producing company, has recently announced that it is formally rejecting the buyout offer that was made by Husky Energy Inc., – MEG Energy’s bigger competitor and one of Canada’s biggest integrated energy companies. MEG Energy believed that the offer …
Power & Energy
Duke Energy Corporation, a North Carolina-based electric power holding company, has reportedly announced that it is proposing an electric vehicle (EV) transportation program and another program to source 150 MW worth of reserved renewable energy to its clients in South Carolina. The program, named Green …
Power & Energy
Qatar Petroleum has reportedly signed a sale and purchase agreement to supply 600,000 metric tons of Liquefied Petroleum Gas (LPG) directly to China every year for a period of five years. The long-term agreement, which is scheduled to commence in January 2019, was inked by …
Power & Energy
Scottish Power has reportedly switched completely to wind power, becoming the first UK energy company to do so after having sold its last gas-powered plant to Drax Group. Drax had recently announced its plan to acquire a portfolio of assets from Scottish Power for £702 …
Power & Energy
Finnish oil refining and biofuel specialist Neste has reportedly signed a deal with Air BP, the specialized aviation division of BP, in a bid to explore ways to escalate the fledgling supply chain for green jet fuels produced from waste feedstocks. The move comes on …
Power & Energy
General Electric (GE), a renowned multinational conglomerate based out of the U.S., has reportedly announced the launch of its new high-speed, ground-based blade inspection system at the Blade O&M Forum conducted by Windpower Monthly in Texas. Reports cite, the system will use thermal imaging to …
Power & Energy
Saudi Arabia’s crown prince Mohammed bin Salman has reportedly announced to continue selling shares in oil major Aramco with a promise of an initial public offering (IPO) by 2021, valued at $2 trillion or more. As per trusted sources, the 33-year old heir to the …
Power & Energy
Industrial manufacturing giant Siemens has reportedly announced plans to acquire Russelectric, a leading producer of power control systems like automatic transfer switches and paralleling switch gear based in Massachusetts. As per trusted sources, the acquisition will combine both the companies’ complementary and innovative electrical power …
Power & Energy
Norway’s state oil company, Equinor ASA, has recently agreed to acquire 40% stakes of the California-based oil and gas conglomerate, Chevron Corp. in the Rosebank oilfield of Scotland’s Shetland islands, potentially enabling the development of one of last major oil fields of the UK oil …