DUBAI: Saudi oil producer Aramco has agreed to a US$12.4 billion deal to sell a 49 per cent stake in its pipelines to a consortium led by US-based EIG Global Energy Partners. Announced late on Friday (Apr 9), it is the company's largest deal since its record US$29.4 billion initial public offering ...
LOCK ISLAND, RI - JUNE 13: The Block Island Wind Farm off the coast of Block Island, RI is pictured on Jun. 13, 2017. | Photo by David L. Ryan/The Boston Globe via Getty Images The US wants to use offshore wind farms to collect valuable data on climate change and ocean health. Renewable energy giant Orsted recently signed a memorandum of agreement with the National Oceanic and Atmospheric Administration (NOAA), agreeing to help the agency gather data in US waters leased to the company.
Shale Markets, Llc / How Neo Energy's Growth Surge Is Turning It Into One Of Top Five North Sea Players
By Nermina Kulovic UK-based and North Sea-focused E&P company NEO Energy is poised to become one of the top five players in the UK North Sea. The post How NEO Energy's growth surge is turning it into one of... ... Read Full Article Here For more great articles: Offshore Energy Today.
The transaction is set to be completed later this year. : Norway's sovereign wealth fund has agreed to pay around 1.375 billion euros ($1.63 billion) for a 50% stake in one of the world's biggest offshore wind farms, Orsted's 752 megawatt (MW) Borssele 1 & 2 facility. Managed by Norges Bank Investment Management, the fund -- whose wealth stems from Norway's vast North Sea oil and gas reserves -- is the world's largest and worth more than $1.3 trillion. In an announcement Wednesday, NBIM described the deal as its "first investment in renewable energy infrastructure."
Analysts expect more pain for automakers since prices of steel and non-ferrous metals, such as copper, aluminium, and zinc, have increased further in three months.
By Adnan Bajic Excelerate Energy has completed a 2000th commercial ship-to-ship (STS) transfer of liquefied natural gas (LNG) on April 03, 2021. The post Excelerate Energy completes 2000th STS LNG operation appeared first on Offshore Energy. Read Full Article Here For more great articles: LNG World News.
BYD disclosed Tuesday that its of battery-powered passenger cars totaled 16,301 units last month. : BEIJING -- Chinese automaker BYD sold more than twice as many battery-powered electric cars as start-up Nio delivered in March. BYD, which is backed by U.S. billionaire Warren Buffett, disclosed Tuesday that sales of its battery-powered passenger cars totaled 16,301 units last month. That's more than double Nio's deliveries in March of 7,257 cars. Rival start-up Xpeng delivered even fewer vehicles, at 5,102 units last month. Both companies still beat analysts' expectations with those figures.
By Bojan Lepic UK-based oil and gas company Tailwind Energy has acquired compatriot Decipher Energy Limited which owns several assets in the UK North Sea. The post Tailwind acquires Decipher Energy and its North... ... Read Full Article Here For more great articles: Offshore Energy Today.
2021 Mexican Electricity Reform: What Foreign Investors In Mexico Must Know To Protect Their Rights | Jones Day
The Situation: In March 2021, the reform to the Mexican Electricity Industry Law (the "Electricity Reform") came into effect. It is a material modification of the sector rules that attracted national and foreign investment to Mexico's electricity generation market, clearly favoring power plants owned by the state-owned Federal Electricity Commission at the expense of private investments. The Result: The Electricity Reform increases regulatory uncertainty, limits free competition, and deals a...By: Jones Day.