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Iberdrola Profits Up with Contribution from OWF

Jul 29, 2019

Spanish public multinational utility company Iberdrola said that its gross operating profit (EBITDA) grew by 12.5% to €4.99 billion, due to the positive performances in the United States, Mexico and Brazil and the contribution of the Wikinger offshore wind farm…

Kogas, EVC Pact for Vietnam LNG Terminal

Jul 25, 2019

South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam…

Novatek Closes in on Arctic LNG 2

Jul 23, 2019

Russian natural gas producer Novatek said it had completed the sale of stakes in its Arctic LNG-2 project to two Chinese companies and a consortium of two Japanese companies.The second largest natural gas producer in Russia announced the closing…

TRIG Acquires French Wind Farms

Jul 19, 2019

UK-based investment fund  The Renewables Infrastructure Group (TRIG) has acquired stakes in four French onshore windfarms, with a total capacity of 107.8 MW. InfraRed’s listed renewables vehicle did not disclose financial details of acquisitions…

Block Energy Acquires West Rustavi Asset

Jul 16, 2019

The oil and gas company in Georgia,  Block Energy said its working interest in the West Rustavi licence, in Georgia, has increased to 100%.The increase, from 71.5% and originally from 25%, follows an agreement made with Georgian Oil & Gas Ltd in late February…

BV Joins the Int'l Windship Association

Jul 15, 2019

The decarbonization drive is gearing up to be the defining issue faced by the shipping sector in the coming decades and the industry is searching for low carbon and zero emissions technologies that will deliver on the International Maritime…

SPARK Joins OSC for $450mln Biz Incubator

Jul 15, 2019

Saudi Aramco's King Salman Energy Park (SPARK) and Dubai-based Oilfields Supply Center Ltd. (OSC) signed an agreement to establish OSC as an anchor tenant at SPARK.OSC will develop a business incubator called the Common User Supply Base (CUSB) in collaboration with Saudi Aramco…

SCF Celebrates the Day of Russian Sea

Jul 11, 2019

Russian maritime shipping company specializing in petroleum and LNG shipping, PAO Sovcomflot (SCF Group) held a traditional meeting of the company’s management with masters of Sovcomflot vessels on the eve of Russia’s Day of Marine and River Fleet Workers…

Light Sweet Crude Exports Jump at LOOP

Jul 09, 2019

The Louisiana Offshore Oil Port (LOOP) exported a record 283,333 barrels per day of light sweet crude last month, according to trade sources, as prices weakened against global Brent.LOOP, which exports mostly medium sour grades produced in the U…

Aker Energy Issues Bonds to AFC

Jul 09, 2019

Aker Energy Ghana, a subsidiary of Norwegian-based oil exploration and production firm Aker Energy AS, has entered into an agreement to issue $100 million of convertible subordinated bonds to Africa Finance Corporation (AFC).AFC also intends to take part in future capital market activities…

Wärtsilä Forms New Biofuel Arm

Jul 03, 2019

Finnish shipping technology group Wartsila has merged its Puregas Solutions and biogas liquefaction teams to form a new Biogas Solutions unit that will offer its customers a ‘one-stop-shop service’ for advanced biofuel production.Wärtsilä Biogas Solutions…

Mitsui, JOGMEC join Arctic LNG-2

Jul 02, 2019

Japanese trading house Mitsui & Co and state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) have signed a sales and purchase agreement with Russia’s Novatek for a 10% participation interest in the Arctic LNG 2 project.The share will be acquired through the Dutch Company…

DP World buys Topaz Energy for $1 bln

Jul 01, 2019

Port operator DP World Plc will buy Topaz Energy and Marine Limited for $1 billion from Standard Chartered and Renaissance Services, DP World said on Monday.Topaz is a provider of marine logistics to the global energy industry. The deal is the…

GulfSlope Energy Forms JV for GoM

Jul 01, 2019

GulfSlope Energy, an independent oil and natural gas exploration company, has signed a letter of intent to enter a joint venture (JV) for drilling of shallow water depth prospects in the Gulf of Mexico (GoM).The oil and natural gas company focused on exploring offshore U…

Pavilion Acquires LNG assets of Iberdrola

Jun 21, 2019

Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural gas (LNG) assets.The portfolio comprises about…

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