Contribution By Paroma Bhattacharya
January 23, 2019
The French oil & gas firm would be officially endorsing the decision to commence the new offshore oil project development in Nigeria. The announcement comes weeks after the company commenced oil production from the nation’s deep water offshore oil field, Egina. Total S.A. (Total), a …
Enel sells 540 MW of Brazilian renewable energy plants to CGNEI
January 19, 2019
The divestment deal would include the sale of the company’s two solar power plants and a wind energy farm. The Italian company would still continue to facilitate operation & maintenance services to all the assets being sold. Enel, a renowned Italian multinational electricity & gas …
FPL to install over 30 million solar panels across Florida by 2030
January 18, 2019
The company is leveraging its leading position in renewable energy to become the biggest solar energy producer across America. The company’s vision is to roll out cutting-edge technologies that would be generating 67% more cleaner energy than the average US electric firm by 2030. The …
Iberdrola uses blockchain technology to ensure renewable energy supply
January 16, 2019
The blockchain tech would be ensuring that the energy it provides to its customers would come from completely renewable sources. The utility company has undertaken the experiment with Spanish bank Kutxabank. Iberdrola, a Bilbao-based Spanish multinational electric utility firm, has reportedly announced that it would …
Premier Oil planning cash call to buy Chevron’s North Sea fields
January 14, 2019
The London-based oil firm Premier Oil reportedly considering a humongous cash call to fund its bid for a package of oil and gas assets put up for sale by U.S. oil giant Chevron. As per trusted sources, Premier is set to face stiff competition from …
BP discovers 1 billion barrels of crude oil in the Gulf of Mexico
January 11, 2019
* Apart from the massive oil reserve discovery, the company would also be investing over $1.3 billion in the region for a new expansion process. * The billion barrels of crude oil has been discovered in the company’s existing Thunder Horse oilfield. Renowned British multinational …
Shell acquires Total’s complete stake in Hazira LNG & Port Ventures
January 10, 2019
In a recent turn of events, Royal Dutch Shell has reportedly concluded the purchase deal of Gujarat-based Hazira LNG & Port Ventures from France-based energy behemoth and co-owner Total Gaz Electricité Holdings. For the uninitiated, Hazira LNG & Port is a joint venture between French …
Petronas-Saudi RAPID refinery commences crude oil unit trials
January 8, 2019
The move marks a new milestone for the $2.7 billion project. The two oil & gas companies commenced the trial runs on the crude oil unit around a week ago. Petroliam Nasional Berhad (Petronas), a renowned Malaysian state-owned oil & gas company, has apparently announced …