SURREY, UK: AFC Energy has unveiled the branding of its inaugural range of product lines. AFC Energy is a UK based leading provider of hydrogen power generation technologies. In recent years, AFC Energy’s alkaline fuel cell technology has become synonymous with low cost, high efficiency, and fuel tolerant hydrogen power generators following a redesign and…
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Oil & Gas, Electricity, Renewables, Canadian Exchange, News Releases
Pakistan’s overall oil products’ sales decline 3.0% in October 2019
KARACHI: Pakistan’s overall petroleum, oil and lubricants (POL) sales in October 2019 clocked in at 1.6 million tons, down 3.0 percent compared with 1.65 million tons off-take recorded in the same month last year, data issued by Oil Companies Advisory Committee (OCAC) suggests. On sequential basis, POL sales reflected a 9.0 percent increase against 1.47…
Altus Strategies completes royalty and property transaction with Desert Gold
LONDON: Altus Strategies, the Africa focused project and royalty generator, announced the successful completion of the royalty and property sale transaction with Desert Gold Ventures Inc. on the Company’s contiguous Sebessounkoto Sud and Djelimangara gold projects located in western Mali. The transaction has closed in accordance with the Term Sheet between Altus and Desert Gold,…
SIMEC signs equipment and services supply contract with Kyuden Mirai
LONDON: SIMEC Atlantis Energy Limited (SAE), the global developer, owner and operator of sustainable energy projects, has signed a contract to supply tidal generation equipment and offshore construction services to Japan’s Kyuden Mirai Energy (KME) for a demonstration project in Japan. The project, located in the straits of Naru Island within the southern Japanese Goto…
Petra Diamonds launches Artisanal small scale mining initiative in Koffiefontein
LONDON: Petra Diamonds Limited, a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market, has announces the launch of an Artisanal Small Scale Mining (ASM) initiative in the Free State town of Koffiefontein in South Africa. This follows a process of extensive consultation and cooperation with…
Shell announces commencement of trading in next tranche of its share buyback programme
LONDON: Royal Dutch Shell has commenced trading in the next tranche of its share buyback programme previously announced on July 26, 2018 with an intention to buy back at least $25 billion of its shares, a notice issued to London Stock Exchange (LSE) noted. In the next tranche, the company has entered into an irrevocable,…
Block Energy signs gas sale agreement with Bago LLC
LONDON: Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has entered into a gas sales agreement with Bago LLC, one of the largest private gas suppliers and purchasers in Georgia, for the offtake of gas produced at the Company’s flagship West Rustavi field. Under the terms of the Agreement,…
Sound Energy sings MoU for sale of gas in the Tendrara concession
LONDON: Sound Energy, the Moroccan focused upstream gas company, announces that it has signed a memorandum of understanding for the sale of the Company’s natural gas production in the Tendrara concession in Eastern Morocco. The Company announces that it continues to negotiate the detailed terms of a Gas Sales Agreement (GSA) and confirms that, as…
Panoro Energy reports 68% increase in 2P oil reserves at Dussafu
OSLO: Panoro Energy ASA has reported a 68% increase in 2P oil reserves in the Dussafu Marin Permit, offshore Gabon. Following the successful discovery and appraisal of the Hibiscus Updip well announced by Panoro on 4 October 2019, the discovered resources at Hibiscus has now been quantified and classified by independent reserves auditor Netherland, Sewell…
TGS announces 3D project offshore Argentina
HOUSTON: TGS-NOPEC Geophysical Company has announced a new 3D multi-client project offshore Argentina. The Malvinas 3D survey will cover approximately 7,300 square kilometers of highly prospective Malvinas Basin, which saw spirited interest during Argentina Round 1 earlier this year. The survey will employ one Shearwater vessel, with operations set to commence in Q4 2019 and…
Solstad enters into contract with INPEX
OSLO: Solstad Offshore ASA has entered into a contract with Inpex Operations Australia Pty for the provision of two anchor handlers to support additional drilling for the Ichthys LNG development. Normand Scorpion and Normand Sirius will be contracted to INPEX for a period of 3 years. The anchor handlers are expected to mobilise out of…
CPHGC and GE announce completion of 1,320MW power plant
KARACHI: China Power Hub Generation Company (Pvt.) Limited (CPHGC) and GE have announced successful completion of 1,320 MW power plant in Balochistan, which would lighten up to 4 million Pakistani homes. Under an agreement signed in 2016, GE supplied the project’s engineering, procurement and construction (EPC) contractors Northwest Electric Power Design Institute Co. Ltd. (NWEPDI)…