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Saudi Aramco signed today a series of Memoranda of Understanding (MoU) with 18 Turkish industrial enterprises, adding new potential partners to the company’s slate of future capital projects, promoting diversification and infrastructure enhancement in support of Saudi Vision 2030. The MoU’s will strengthen Saudi-Turkish business and economic cooperation, which has

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Company NewsOil, Gas & Energy News

BP has taken the decision not to progress its exploration drilling programme in the Great Australian Bight (GAB), offshore South Australia. The decision follows the review and refresh of BP’s upstream strategy earlier this year, which included focusing exploration on opportunities likely to create value in the near to medium

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  SALT LAKE CITY, UT – October 6, 2016 sPower, a leading renewable energy provider announced today the completion of a tax equity investment and syndicated construction and term loan facility totaling $786 million. KeyBanc Capital Markets Inc. acted as Coordinating Lead Arranger for the syndicated debt facility totaling $519

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Neckarsulm, 6. October 2016 – KACO new energy has signed a deal with the Turkish Aldo Grup to supply inverters having a total capacity of 50 megawatts. The blueplanet 50.0 TL3 INT units from the Germany-based manufacturer are to be used in a range of projects to be financed and

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(Toronto) Today, Bliss Baker, the President of the Global Renewable Fuels Alliance (GRFA), celebrated the passage of the Paris Agreement reached at COP21. The two implementation requirements of the agreement have now been fulfilled; being ratified by at least 55 countries, as well as by countries accounting for 55 percent

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Investec Asset Management, through its African private equity capability, has acquired a significant shareholding in Mobisol. The deal will see Investec Asset Management partner with Mobisol, existing shareholders and DEG to accelerate the company’s growth in its existing markets and to support its expansion into new markets in Africa. Already

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Company NewsOil, Gas & Energy News

Caelus Energy Alaska said Tuesday it has made a “world-class” oil discovery that, if estimates prove true, could be one of the largest finds ever in Alaska. The Smith Bay site, in shallow waters about 50 miles southeast of Barrow, could “provide 200,000 barrels per day of light, highly mobile

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Shell announces that production has started from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe/d) when fully ramped up at the end of 2017. The host facility for the world’s deepest offshore oil and gas project

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His Highness Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, has issued a resolution to merge International Petroleum Investment Company, IPIC, and Mubadala Development Company, Mubadala. The resolution stipulated that a joint committee be

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Oil prices have continued to languish below $50 per barrel as a glut of crude oil and gasoline persist even as global demand continues to rise. The IEA still predicts that oil consumption will expand by another 1.4 million barrels per day in 2016, while production stagnates. That dynamic suggests

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