Contribution By Paroma Bhattacharya
February 8, 2019
Reports confirm that Total has made a major gas condensate discovery on the Brulpadda prospects offshore South Africa. Apparently, the Brulpadda prospects are situated on the Outeniqua Basin’s Block 11B/12B, 175 kilometers off South Africa’s southern coast. Sources familiar with the matter stated that Total …
Tenaris and Severstal to form JV for oil pipe production in Siberia
February 6, 2019
Steel pipe maker Tenaris recently announced that it has joined forces with one of Russia’s largest steel producers Severstal to build a steel pipe plant and produce OCTG products in the heart of Russia’s O&G sector in Siberia. According to sources familiar with the matter, …
Aurora Solar Inc. secures $20 million in funding to expand workforce
February 5, 2019
Aurora Solar Inc., a solar industry software developer based in California, has reportedly raised up to $20 million in Series A financing round that was led by Energize Ventures, also joined by S28 Capital and the existing investor Pear. Sources with knowledge of the matter …
Budweiser Canada aims to brew beer with 100% renewable energy
February 4, 2019
Budweiser Canada plans to brew beer with 100 per cent renewable electricity and will be celebrating the commitment with its iconic Clydesdales and Dalmatian In a growing effort to contribute to a brighter & cleaner future, AB InBev’s Budweiser beer will now reportedly be brewed …
GE to combine grid & renewable assets into a single business unit
February 1, 2019
General Electric Co., the American multinational conglomerate, has reportedly announced that it would combine its electric grid units, battery storage, wind turbine & hydropower business into a new, single unit. The latest move comes as a major effort to cut costs, speed up decision-making, as …
Saudi Aramco acquires 20% Hyundai Oilbank stake in a $1.6bn deal
January 28, 2019
The move might boost Aramco’s crude oil sales to Hyundai Oilbank as the former is the biggest shareholder in South Korea’s top third refiner S-Oil Corp. In a bid to consolidate its foothold in Asia, the OPEC leader Saudi Aramco has reportedly announced its acquisition …
NineStar invests in Mt. Comfort Corridor, acquires Gem Water Utility
January 26, 2019
NineStar Connect, as a part of the acquisition, will be building a high-speed fiber network to reach every home and business located within the territory of Gem Water Utility. NineStar Connect, an Indiana based smart utility company providing water, sewer, electric and high-speed fiber services …
Energy Union invests €800 million for clean energy transition
January 25, 2019
The investment will be financed by the Connecting Europe Facility (CEF) and will mainly be devoted to energy generation. The European Commission has reportedly announced an €800 million investment to support energy infrastructure projects under the trans-European infrastructure development program. Confirming the move, the commission said that …