Wintershall is ceasing its activities in Qatar and is returning Block 4 North near the North Field off the Qatari coast on 25 May 2015. Wintershall’s office in Doha will be closed. In 2013, Wintershall made the “Al Radeef” gas discovery off the cost of Qatar.
The development of the underground mine at Oyu Tolgoi in Mongolia has taken a significant step forward today with the signing of the Oyu Tolgoi Underground Mine Development and Financing Plan (the Plan) by the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. The Plan addresses the key outstanding shareholder issues and sets out an agreed basis for the funding of the project.
In April 2015, Brazil's Mining and Energy Minister announced plans to resume the building of four new nuclear reactors, which had been temporarily shelved following the 2011 Fukushima accident. Two nuclear plants currently provide 3% of Brazil's electricity.
Golar LNG ("Golar") announced today that it has signed a binding Heads of Terms with Ophir Energy Plc ("Ophir") for the provision of the GoFLNG vessel Gimi. The Heads of Terms has been approved by Ophir's Equatorial Guinea, Block-R upstream partner GEPetrol, and will be formally ratified by GEPetrol next week.
Entrepose, a VINCI subsidiary, has completed the acquisition of Indonesian company PT Istana Karang Laut (IKL).
Nordex SE has received a further order from Northern Irish utility Energia Renewables. Under the contract, Nordex will be supplying and installing 38 N90/2500 turbines as well as the provision of premium service for 15 years for the Meenadreen Extension wind farm.
Dominion (NYSE: D) today announced the acquisition of a 20-megawatt solar facility in California from E.ON North America (www.eon.com). The facility is expected to enter service in the second quarter of 2015.
Newmont Mining Corporation (NYSE: NEM) (“Newmont” or “the Company”) has signed a non-binding letter of intent with OceanaGold Corporation (TSX/ASX/NZX: OGC) (“OceanaGold”) to sell Newmont Waihi Gold Limited. Terms of sale include cash proceeds of US$101 million, a US$5 million contingent payment, and a one percent Net Smelter Royalty on a recent discovery north of Waihi’s current operations.
Solvay today launched the construction of its Highly Dispersible Silica (HDS) production plant in Gunsan, South Korea, to address growing demand in Asia for energy saving tires and to develop innovative HDS grades.
Mitsubishi Heavy Industries Compressor International Corporation (MCO-I), a U.S. subsidiary of Mitsubishi Heavy Industries Compressor Corporation (MCO), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), has begun operation at its manufacturing and service facility in Pearland, Texas, outside Houston.