Category Archives: Energy, Gas & Oil

Energy, Gas & Oil Press Releases & News distributed via EuropaWire

Nuclear: EDF completes the acquisition of 75.5% stake in New NP capital

PARIS, 02-Jan-2018 — /EuropaWire/ — Following the signing of definitive binding agreements setting the terms of the sale to EDF of 75.5% of New NP capital, and as announced on 22 December, the transaction has been completed on 31 December 2017. … Read the full press release

EBRD provides US$ 85 million loan to finance renewable energy and resource efficiency projects in Turkey

New funds to finance investments in the private sector LONDON, 29-Dec-2017 — /EuropaWire/ — In response to growing demand for green energy the EBRD is providing a US$ 85 million loan to Türkiye Sınai Kalkınma Bankası (TSKB) to finance private mid-cap companies investing … Read the full press release

EBRD supports Egypt’s gas infrastructure modernisation

LONDON, 29-Dec-2017 — /EuropaWire/ — The EBRD is providing a US$200 million loan to the Arab Republic of Egypt to finance the modernisation of selected gas infrastructure facilities, which shall improve energy efficiency and reduce impacts on the environment. Egypt has an energy … Read the full press release

Wärtsilä secures long-term supply agreement with the Turkish company Aksa Enerji Üretim A.Ş.

HELSINKI, 27-Dec-2017 — /EuropaWire/ — The technology group Wärtsilä has signed a long-term supply agreement with the Turkish company Aksa Enerji Üretim A.Ş. (“Aksa Energy”) and its affiliates. Aksa Energy has recently invested particularly in Africa, where energy is in demand … Read the full press release

Wärtsilä will deliver power plant for the Phase Two expansion of the Tasiast mine in Mauritania

HELSINKI, 27-Dec-2017 — /EuropaWire/ — The technology group Wärtsilä will deliver a turnkey power plant to provide electricity for the Phase Two expansion of the Tasiast mine located in Mauritania. The contract has been signed with Tasiast Mauritanie Ltd, a subsidiary … Read the full press release

Wärtsilä to retrofit the world’s first energy storage solution on board a large offshore supply vessel

HELSINKI, 27-Dec-2017 — /EuropaWire/ — The technology group Wärtsilä has agreed to retrofit the world’s first energy storage solution on board a large offshore supply vessel. The North Sea Giant, one of the world’s largest and most advanced subsea construction vessels, … Read the full press release

Iberdrola’s subsidiary Neoenergia won wind power tender for 295 megawatts (MW) in Brazil

BILBAO, 27-Dec-2017 — /EuropaWire/ — Iberdrola, through its subsidiary Neoenergia, was awarded 295 megawatts (MW) at the last wind power tender held by Brazil’s National Electric Energy Agency (Aneel). This is a major first step for Iberdrola in Brazil, after the … Read the full press release

VINCI Energies to acquire PrimeLine Utility Services from management and private equity investment firm First Reserve

PrimeLine Utility Services generated revenue of $506 million pro forma (about €430 million) in 2016 This acquisition boosts VINCI Energies’ position in North America Rueil-Malmaison Cedex – France, 27-Dec-2017 — /EuropaWire/ — VINCI Energies, the VINCI subsidiary specialising in energy and … Read the full press release

WindEurope CEO Giles Dickson on zero-subsidy bidding in latest Dutch offshore wind auction

BRUSSELS, 27-Dec-2017 — /EuropaWire/ — The Dutch government has given subsidy-free bidders first bidding in an auction for the twin 350 MW Hollandse Kust Zuid offshore wind projects. On Friday 15 December Swedish energy group Vattenfall announced its zero-subsidy bid. EnBW, … Read the full press release

Coldiretti, Terna and ANBI in common strategy to optimise irrigation resources and energy efficiency

ROME, 26-Dec-2017 — /EuropaWire/ — An important Memorandum of Understanding was signed today by Roberto Moncalvo, President of Coldiretti, Luigi Ferraris, CEO and General Manager of Terna and Francesco Vincenzi, President of ANBI (Italian Association of Land Reclamation and Irrigation … Read the full press release

VNG Norge submits Plan for Development and Operation (PDO) for the Fenja field in the Norwegian Sea

Stavanger, Norway, 20-Dec-2017 — /EuropaWire/ — VNG Norge has, on behalf of the licensees in PL586, submitted to the Ministry of Petroleum and Energy the Plan for Development and Operation (PDO) for the Fenja field in the Norwegian Sea. The … Read the full press release

Solar power: BP to acquire 43% stake in Lightsource for $200m

  BP to invest $200m in Lightsource over three years for a 43% stake in the business Lightsource is Europe’s largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects Lightsource to rebrand as … Read the full press release

BP: We are disappointed by the news today from the Australian Competition and Consumer Commission (ACCC)

LONDON, 19-Dec-2017 — /EuropaWire/ — BP acknowledges today’s announcement by the Australian Competition and Consumer Commission (ACCC) that it intends to oppose its proposed acquisition of Woolworths’ retail fuel business. “We are disappointed by the news today from the ACCC. We … Read the full press release

Eni successfully drills Tecoalli 2 well in offshore Mexico boosts hydrocarbon in place estimate for Area 1 to 2.0 billion barrels

San Donato Milanese (Milan), 14-Dec-2017 — /EuropaWire/ — Eni successfully drilled the Tecoalli 2 well, in the shallow waters of the Campeche Bay, offshore Mexico. Thanks to the results of this well and the revision of the reservoir models of the … Read the full press release

Eni completes sale of 25 percent indirect interest in Mozambique Area 4 of the Rovuma Basin to ExxonMobil

Eni has completed today the sale of a 25 percent indirect interest in the natural gas-rich Area 4 of the Rovuma Basin to ExxonMobil Development Africa B.V. (“ExxonMobil”). The terms of the sale, agreed in March 2017, include a payment … Read the full press release

EBRD joins the global community in stepping up effort to combat climate change at the One Planet climate summit in Paris

Bank and global community stepping up effort to combat climate change LONDON, 13-Dec-2017 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) joined other global development organisations in stepping up the momentum for global climate action at the One Planet … Read the full press release

MYTILINEOS launches third annual “ENGINEERS IN ACTION” programme

ATHENS, 13-Dec-2017 — /EuropaWire/ — The launch of the programme “ENGINEERS IN ACTION” for a third consecutive year, demonstrates once again the firm commitment of MYTILINEOS to combat youth unemployment and to curb brain drain; the alarming phenomenon of young, qualified … Read the full press release

SACE to finance the supply contracts assigned to GE Power and Gama Power Systems consortium for the construction of new power station in Bahrain

ROME, 12-Dec-2017 — /EuropaWire/ — With a commitment of € 125 million, SACE (CDP Group) is supporting the financing of a power project in favor of Aluminium Bahrain B.S.C.(Alba), in order to cover supply contracts assigned to GE Power and Gama Power Systems (“GE-Gama”) consortium for … Read the full press release

Wood to supply inspection qualification services to the Hinkley Point C nuclear power station

ABERDEEN, 11-Dec-2017 — /EuropaWire/ — Wood has won a contract as sole supplier of inspection qualification services to the Hinkley Point C nuclear power station. EDF Energy, the station developer, has commissioned Wood’s Inspection Validation Centre (IVC) to qualify ultrasonic inspections … Read the full press release

CLH Group oil products deliveries to the Spanish market in November reached 3.3 million cubic metres

MADRID, 08-Dec-2017 — /EuropaWire/ — Deliveries of oil products from CLH Group facilities to the Spanish market during November almost reached 3.3 million cubic metres, 0.7% more than in the same period of the previous year after correction of the … Read the full press release