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Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

February 28, 2019 No Comments

Pátria Investimentos, the Shell Group and Mitsubishi Hitachi Power Systems (MHPS) have announced the construction and operation of the Marlim Azul (Blue Marlin) gas-powered thermoelectric power plant in Macaé, Rio de Janeiro state in Brazil. The partnership includes construction of the power plant and the sale of its energy on both the regulated market, via […]

Equinor sees strong market opportunities for gas

Equinor sees strong market opportunities for gas

February 21, 2019 No Comments

Equinor sold natural gas for around USD 26 billion in total in 2018, an increase of 29 percent from 2017. As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030. Equinor is the largest producer of natural gas on […]

MHPS Begins GTCC Trial Operation

MHPS Begins GTCC Trial Operation

February 16, 2019 No Comments

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has begun trial operation of gas turbine combined cycle (GTCC) for “Jawa-2 Project” underway by PT. PLN (Persero), Indonesia’s state-owned electricity provider, at the Tanjung Priok Power Plant on Java Island. The project, to construct GTCC natural-gas-fired power generation facilities, is now in its final stage toward completion and […]

Dana Gas announce Financial Results for the full year ended 31 December 2018.

Dana Gas announce Financial Results for the full year ended 31 December 2018.

February 15, 2019 No Comments

Dana Gas PJSC announced its Preliminary Unaudited Financial Results for the full year ended 31 December 2018. Revenue was 4% higher at $470 million (AED1.7 bn) compared with last year’s $450 million (AED1.65 bn) due to higher realised prices and incremental production in the KRI in Q4 2018. Gross Profit increased 19% to $140 million […]

BP Energy Outlook 2019 Published

BP Energy Outlook 2019 Published

February 14, 2019 No Comments

The 2019 edition of BP’s Energy Outlook, published today, explores the key uncertainties that could impact the shape of global energy markets out to 2040. The greatest uncertainties over this period involve the need for more energy to support continued global economic growth and rising prosperity, together with the need for a more rapid transition […]

Oversold Lithium Could Be About To Rally

Oversold Lithium Could Be About To Rally

January 29, 2019 No Comments

It’s been a decade of lows for commodities after posting 7 declines in 11 years, but we’ve seriously underestimated lithium. It’s back with a vengeance in 2019. The commodities market endured yet another annus horribilis, with just four commodities—natural gas, uranium, cocoa and wheat—recording any uptick at all. Last year’s 12 percent slide by the […]

SDX Energy Announce Egypt Operations Update

SDX Energy Announce Egypt Operations Update

January 14, 2019 No Comments

SDX Energy Inc. (TSXV, AIM: SDX), provided an update on operational developments in Egypt. A full operations update will be announced in late January 2019. The SRM-3 well at South Ramadan (SDX 12.75% working interest and non-operator), reached a target depth of 15,635 feet and the operator has reported encountering 75 feet of net conventional […]

Equinor completes acquisition of Rosebank project

Equinor completes acquisition of Rosebank project

January 11, 2019 No Comments

Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf. Rosebank further strengthens Equinor’s UK upstream portfolio which includes the Mariner development, expected to start commercial production during the first half […]

Angola on Path to Growth in 2019

Angola on Path to Growth in 2019

December 21, 2018 No Comments

Reforms span from changes in tax law to changes in concession contracts and the opening of marginal fields to African independents. Key measures include the formation of upstream and downstream taskforces, the privatization of some Sonangol subsidiaries, and the creation of a new regulator to manage concessions. The measures are already attracting interest from investors […]

Total and Petrobras Announce Progress in their Strategic Alliance

Total and Petrobras Announce Progress in their Strategic Alliance

December 21, 2018 No Comments

Total and Petrobras announced that they have achieved significant progress in the scope of their Strategic Alliance, signed in March 2017: The first concrete results of jointly implemented R&D projects. Examples of such work include in particular: – With regard to artificial intelligence: new automatic techniques to identify geological faults, leading to significant efficiency gains. […]

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