Contribution By Saif Bepari
December 6, 2018
Minnesota-based Xcel Energy has recently made an announcement committing itself to achieve 100% carbon-free electricity throughout its service territories by 2050. The utility giant has successfully reduced carbon emissions by 35% as compared to 2005 levels, as the company looks to lower its carbon footprint …
Ensco agrees to buy offshore drilling rival Rowan for US$2.38 billion
October 9, 2018
The London headquartered offshore driller Ensco is planning on expanding its fleet by acquiring smaller rival Rowan Companies plc, in an all-stock deal valued at $2.38 billion as it aims to benefit from a partnership with Saudi Aramco. According to reliable sources, for each share …
SN Aboitiz Power & LGUs sign framework agreement on Hydropower Complex
October 8, 2018
Philippines’ municipal governments of Lagawe, Mayoyao, and Aguinaldo have reportedly signed an agreement with SN Aboitiz Power (SNAP) to work on the Ifugao-based Alimit hydropower plant. The agreement defines the collaboration, cooperation, and obligations between the municipalities and the renewable energy company to accomplish the …
Britvic plans to use 100% renewable electricity to power its factories
October 7, 2018
The British soft drinks manufacturer Britvic has reportedly declared that all of its factories and warehouses in the UK will be powered by 100% renewable electricity. As per trusted sources, the announcement has come in the backdrop of Britvic’s new four-year contract with energy provider …
L&T Hydrocarbon Engineering consortium bags ONGC’s subsea contract
October 5, 2018
L&T Hydrocarbon Engineering, a Larsen & Toubro subsidiary, in association with McDermott International, Inc. and Baker Hughes, a GE company, has won the subsea contract for Indian multinational Oil and Natural Gas Corporation’s (ONGC) biggest deepwater oil & gas project. The contract has been awarded …
ExxonMobil mulls over billion-dollar investment at Singapore refinery
October 4, 2018
The multinational oil and gas giant Exxon Mobil Corporation has reportedly announced that it is considering a multi-billion-dollar investment at its largest refinery in Singapore. As per trusted sources, the expansion comes ahead of the new global shipping fuel regulations that would commence in 2020. …
SoftBank plans to offer free power to member nations of solar alliance
October 4, 2018
The Japanese multinational conglomerate SoftBank Group Corp. has reportedly proposed to offer free electricity to the member countries of the International Solar Alliance (ISA), after 25 years of signing power purchase agreements (PAP). As per trusted sources, the announcement was made by the Chief Executive …
Hyflux’s Tuaspring plant latches onto Sembcorp as the sole bidder
October 3, 2018
Leading utility, energy, and urban development company, Sembcorp Industries, has reportedly made it to the headlines for being the only party that has submitted a final bid for the heavily plagued Hyflux’s Tuaspring project. Sources claim that this project incidentally includes South-east Asia’s largest desalination …