Contribution By Paroma Bhattacharya
March 22, 2019
The company has plans of further developing renewable energy assets for keeping its operations competitive Expanded renewable generation portfolio will reducing its exposure towards volatile grid electricity prices Sun Metals Corp. has recently announced its plans for further developing its Australian renewable energy assets, which …
Aquila Capital secures 700MW wind and solar energy projects in Spain
March 20, 2019
Aquila Capital, an alternate investment company, has reportedly acquired the project rights for renewable energy projects with a total capacity of 700MW in Spain, for a confidential price and from an unannounced seller. Sources familiar with the matter informed that the portfolio consists of more …
Oil giant Shell to trade in Australian power business within a decade
March 19, 2019
Shell announced the acquisition of German solar and storage company Sonnen last month for launching into rapidly growing home battery market of Australia. Royal Dutch Shell has reportedly announced to focus on its power trading business in Australia and serve solar, storage and electric vehicle …
Novatek in talks with Saudi Aramco for sale of 30% Arctic LNG 2 stake
March 18, 2019
Novatek is expecting a good cooperation under favorable terms for considering sale of up to 30 percent in Arctic LNG 2 project It has already closed a deal for selling a 10 percent stake in the project to Total Russia’s second largest natural gas producer, …
Enec inks agreement with Spanish firm to collaborate on nuclear energy
March 14, 2019
The two groups would exchange information and expertise for the development of nuclear fuel services This agreement is strategically important as the Spanish company also represents the interests of Spain’s government UAE’s Emirates Nuclear Energy Corporation (Enec) and Enusa Industrias Avanzadas, the Spanish state-owned nuclear …
Waste Management Energy Services buys PetroWaste Environmental
March 12, 2019
The acquisition would allow Waste Management to foray further into the oil & gas industry. The financial details pertaining to the acquisition of the oilfield landfill operator have not been disclosed. Waste Management Energy Services Holdings, LLC, (WM Energy Services), a subsidiary of Texas-based waste …
India in talks with Saudi Arabia to revive $44Bn West Coast refinery
March 11, 2019
At a time when the Election Commission is about to announce the Lok Shaba poll dates, India invited Saudi Arabia to revive the implementation of $44 billion (Rs 3.08 lakh crore) West Coast refinery project in Maharashtra. Saudi Aramco, the kingdom’s national petroleum and natural gas company, …
Sinopec, Cheniere to seek long-term LNG supply deal post trade wars
March 9, 2019
The deal could also include financing provided by state-run Chinese banks for the export capacity expansion of Cheniere Energy US-based LNG supplier, Cheniere Energy, is reported to be in discussions with Sinopec, a Chinese oil and gas enterprise, over a long-term LNG supply agreement. Apparently, …