Contribution By Saif Bepari
April 3, 2019
Exxon declared that it is planning to enhance its capital spending to $30 billion in 2019 up from $26 billion in 2018. Exxon Mobil, the Irving headquartered American multinational oil and gas corporation recently discussed the sale of its Nigerian oil and gas fields. According …
SP Infra completes sale of 194-MW solar assets to Actis’ Sprng Energy
April 1, 2019
The acquisition aligns with the company’s commitment of building 2GW renewable power projects in India Actis LLP, a leading UK-based private equity company, has reportedly acquired 194 MW (megawatts) of operating solar power from Shapoorji Pallonji Infrastructure Capital (SP Infra), for its renewable energy platform, …
Canadian utility company Enmax agrees to buy Emera Maine for $959m
March 26, 2019
Enmax was the absolute choice for a buyer as the company has wealth of experience, technical skills, and financial strength Enmax Corp, a Canadian company has recently announced a definitive agreement to buy Emera Inc’s electric transmission and distribution unit in Maine for nearly $959 …
Anadarko seeks to charter 16 LNG tankers for its Mozambique project
March 23, 2019
The company will enter into long-term time charters with particular ship owners rather than purchasing its own vessels. U.S. exploration & production company, Anadarko Petroleum Corp. has recently announced that it intends to seek long-term charters for about 16 LNG (liquefied natural gas) tankers which …
US DOE awards $6 million to nine wind energy research projects
March 16, 2019
The agency believes the research projects are crucial for the development of wind energy under its “all-of-the-above” energy strategy The projects would focus on creating solutions to provide more deployment alternatives at lower costs The United States Department of Energy (DOE) has reportedly announced that …
Angola secures USD 1bn from World Bank for social development projects
March 15, 2019
Along with the USD 500 million loan agreed earlier, the nation would now receive USD 1.5 billion over the next three years World Bank intends to support development of countries in Africa and fight poverty A west-coast country in south-central Africa, Republic of Angola, would …
GE’s energy investing arm to sell stake in Enel renewables JV
March 8, 2019
The move comes as part of the company’s efforts to pay down its massive debts and to reduce its holdings to about $5 billion by the end of 2019. American multinational conglomerate, General Electric Co. is reportedly seeking a sale of 50% of its stake …
Total to acquire a direct 10% stake in Arctic LNG 2 from Novatek
March 6, 2019
Arctic LNG 2 is expected to yield approximately 7 billion barrels of oil equivalent of resources Total, the French energy group recently signed a definitive agreement to acquire a direct 10% stake in Arctic LNG 2, an LNG development on the Gydan Peninsula led by …