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Energy company CNOOC Ltd, on Tuesday, said Mero2 Project, the second assignment of the development plan commenced production safely. The company said the development plan began its production at Mero, Brazil’s well-known oilfield, located in the Santos Basin pre-salt southeastern offshore Brazil. Mero includes four production units namely, Mero1, Mero2, Mero3, and Mero4. Mero1 commenced […]
Renewable energy firm NextEra Energy Partners, on Thursday, sold its Texas natural gas pipeline portfolio for $1.82 billion in cash to oil and gas firm Kinder Morgan. The firm said the gas pipeline portfolio consists of seven pipelines supplying natural gas to Mexico, as well as to power producers and municipalities in South Texas. The firm said […]
Retail electricity company American Electric Power (AEP) agreed to sell its 50% interest in energy firm New Mexico Renewable Development (NMRD), to Exus North America Holdings, an investment and asset management firm, on Tuesday. The company said AEP along with electricity and electric services provider PNM Resources, which owns the other 50% of NMRD, are […]
The Department of Energy in Abu Dhabi signed a memorandum of understanding (MoU) with State Grid Corporation of China (SGCC), on Tuesday, to build a strong, highly efficient smart energy and power system to utilize diversified sources in the clean and renewable energy sector. The Department of Energy said the partnership aligns with the overall […]
Private equity firm Vance Street Capital, on Tuesday, signed a binding sale and purchase agreement worth 505 million Canadian dollars ($378.2 million) to sell its subsidiary firm Terra Insights to Orica, a mining firm. Vancouver-based Terra Insights is an end-to-end sensor-to-cloud data delivery platform, which provides customized engineer solutions to site-specific problems. The firm also […]
Oil and gas firm Mubadala Energy discovered gas presence from the exploration of well Layaran-1 at South Andaman, about 100 kilometres offshore of North Sumatra, Indonesia. Abu Dhabi-based firm said the well investigated a substantial gas column, measuring over 230 meters in thickness within an Oligocene sandstone reservoir. Through wireline, coring, sampling, and production tests […]
Innovation-led solar technology firm OCIM, a subsidiary of OCI Holdings, agreed on a long-term supplement in which OCIM will supply Cubic with high-quality, low-carbon, and U.S.-compliant silicon on Monday. The chemical supplying firm said the eight-year contract, valued at $1 billion, establishes a commitment for a yearly supply volume by OCIM, outfitting Cubic with the […]
Integrated facilities management company Imdaad enters into a strategic partnership with enterprise solution provider Talisen Technologies to develop new data-enabled smart building solutions that optimize energy consumption and improve occupant comfort for the built environment. The company said the agreement was signed by Imtedaad, a business unit of Imdaad that focuses on cost-effective and sustainable […]
Energy company Enbridge entered into a definitive agreement to sell its 50% interest in Alliance Pipeline and 42.7% interest in Aux Sable to energy transportation and midstream service provider Pembina Pipeline for $3.1 billion, on Wednesday. Enbridge said the sale included non-recourse debt at Alliance of about $300 million, and subject to customary closing adjustments. […]
Renewable energy company Ørsted and water supplier Salt River Project (SRP) partnered with Meta, to support the Facebook parent’s Mesa data center, with a new solar energy and battery project, on Monday. Ørsted said Meta will receive majority portion of the solar energy generated by its Eleven Mile Solar Center, a 300-MW solar farm and […]
India’s reknown renewable energy company ReNew Energy Global Plc signed a memorandum of understanding (MoU) with Asian Development Bank on Sunday, with reason to collaborate on climate change mitigation and adaptation projects. The company said overall investment value the MoU project covers is over $ 5.3 billion between 2023 and 2028. The MoU was signed […]
Renewable Energy firm Masdar partnered with Perusahaan Listrik Negara (PLN), Indonesia’s state-owned utility company, on Sunday with an objective to erect Southeast Asia’s largest floating solar power plant in order to explore green hydrogen opportunities. The deal was signed by Mohamed Jameel Al Ramahi, Masdar’s CEO, Darmawan Prasodjo, executive chief of PLN Group and Ruly […]
