Eni, Vitol and Ghana National Petroleum Corporation (GNPC) signed today with the President of the Republic of Ghana, John Dramani Mahama, and the Minister of Petroleum, Emmanuel Armah-Kofi Buah, the agreement to proceed with the OCTP integrated oil & gas project in Ghana. First oil is expected in 2017, first gas in 2018 and the peak production will be 80,000 boed in 2019.
China's rapid growth in nuclear energy is accelerating with the latest announcement that construction will start on five new nuclear plants is 2015 - this is in addition to the 26 already being built. And the country's Premier recently reiterated his call for nuclear firms to expand abroad.
A low carbon heating project led by E.ON working with the University of Exeter and technology providers SK Solar and Star Renewable Energy has today been awarded a Government research grant to carry out the feasibility work to create a UK-first community-wide energy scheme based on emissions-free renewable energy sources.
Chevron Corporation (NYSE: CVX) today announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period starting in 2017.
First Solar, Inc. (Nasdaq: FSLR) today announced that it has achieved 10 gigawatts (GW) of photovoltaic (PV) solar capacity installed globally, making it the first thin film PV module manufacturer in the world to achieve this milestone.
McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) and GE Oil & Gas (NYSE: GE) (“GE”) today launched io oil & gas consulting, a new independent venture to transform front-end offshore field development.
Qatar Petroleum and Shell have decided not to proceed with the proposed Al Karaana petrochemicals project, and to stop further work on the project. The decision came after a careful and thorough evaluation of commercial quotations from EPC (engineering, procurement and construction) bidders
With Brent crude falling to its lowest price in four years this week, operators are under immense pressure to streamline costs and offshore decommissioning and abandonment is one of the biggest areas in need of improvement, analysts said ahead of a major summit in Houston.
Total Energy Ventures (TEV), the venture capital arm of French energy company Total, is investing in Stem, which specializes in energy optimization solutions for commercial and industrial (C&I) customers and grid operators.
Versalis (Eni) has announced the signing of a firm agreement with Sarlux (Saras) that officially formalizes the transfer of the plants of the Sarroch site (Cagliari, Sardinia).