GE (NYSE: GE) is signing a power up plan with the Iraqi Ministry of Electricity (MoE) for critical electricity generation and maintenance projects throughout the country. The power up plan comprises a set of technological solutions and upgrade projects to ensure essential incremental power, adding 700 megawatts to the national grid in time for the summer period.
Chevron Corporation (NYSE:CVX) announced today that its fully-owned subsidiary Unocal East China Sea, Ltd. began natural gas production from the first stage of the Chuandongbei Project in southwest China. Chuandongbei is one of the largest onshore gas projects developed by an international oil company and a national oil company in China.
Lakeland Electric, the third largest public power utility in Florida, announced it saved $12 million in fiscal year 2015—representing 15 to 20 percent of its annual coal supply costs—and improved the efficiency of its McIntosh Power Generating Station Unit #3 by using GE’s (NYSE: GE) innovative FuelSolv* coal treatment technology for the last several years
Essar Power Gujarat Ltd (EPGL), which owns and operates a 1,200 MW imported coal fired thermal power plant at Salaya in Gujarat’s Devbhumi Dwarka district, has had a very successful December in terms of financial and operational performance. The company clocked revenues of Rs 157 crore, which includes revenue of Rs 21 crore from merchant sales, and achieved an EBIDTA of Rs 50 crore.
Eni has started production from the Mpungi field in the West Hub Development Project, within Block 15/06 of the Angolan Deep Offshore, approximately 350 kilometres northwest of Luanda and 130 kilometres west of Soyo.
Operator Shell announced today that gas production has started from the Corrib field off the northwest coast of Ireland. Statoil holds a 36.5% participating interest in the field.
Rosneft produced 2 millionth ton of oil since the production start at the Northern Tip of Chayvo field in 2014.
Chevron Corporation (NYSE:CVX) confirmed today that its subsidiary, Chevron Overseas (Congo) Limited, and partners have started production from the deepwater development Moho Bilondo Phase 1b offshore the Republic of Congo.
Thales Alenia Space announced today that it has signed a contract with O3b Networks to deliver eight more satellites for their Medium Earth Orbit constellation. These satellites are in addition to twelve already delivered by Thales Alenia Space and operational in orbit. The additional satellites will expand the present constellation which has been fully operational since September 2014.
With the start of production of the Edvard Grieg field in the North Sea, Wintershall has strengthened its position as one of the major oil and gas producers on the Norwegian Continental Shelf. The Lundin-operated oil field, discovered in 2007, has been developed with a stand-alone platform on a steel jacket construction. Wintershall has a 15 percent share.