PARIS–(BUSINESS WIRE)– Total announced that it will focus its global venture fund on fostering carbon neutrality. The fund will increase its capital to a cumulative $400 million within five years’ time. Its investments will support start-ups that develop innovative technologies and solutions which help companies to reduce their energy consumption or the carbon intensity of…
Category: Canadian Exchange
Oil & Gas, Electricity, Renewables, Canadian Exchange, News Releases
Asia set to become dominant market for wind energy
BEIJING: Asia could grow its share of installed capacity for onshore wind from 230 Gigawatt (GW) in 2018 to over 2600 GW by 2050, a new report by the International Renewable Energy Agency (IRENA) finds. By that time, the region would become a global leader in wind, accounting for more than 50 per cent of…
Costain Group joint venture selected by Southern Water as AMP7 Partner
LONDON: Costain Group, the smart infrastructure solutions company, and its existing joint venture partner MWH Treatment, have been selected by Southern Water to extend the AMP6 contract as part of the water company’s AMP7 investment programme. Under the extended contract the joint venture will bring together its consultancy, design, digital, construction and commissioning expertise to…
US Solar Fund enters exclusivity to acquire operational solar portfolio in North Carolina
NEW YORK: US Solar Fund (USF) has entered exclusivity with Greenbacker Renewable Energy Corporation, a leading investor and product sponsor focusing on income-producing renewable energy projects, to acquire an approximately 39MWDC operating utility-scale solar power portfolio consisting of eight projects located in North Carolina. In keeping with the Company’s investment policy, all projects have long-term…
Rex announces offshore oil and gas discovery in Norwegian Sea
SINGAPORE: Rex International Holding Limited, a technology-driven oil company, has announced that the operator, PGNiG Upstream Norway has completed drilling of an exploration well and an appraisal well on the Shrek prospect in the Norwegian Sea licence as an oil and gas discovery. PGNiG’s preliminary estimates place the size of the discovery between 3 and…
Thor Mining commences drilling at the Bonya tungsten deposits
LONDON: The Board of Thor Mining Plc has announce commencement of the second drilling program at the Bonya tungsten deposits adjacent to its key 100%-owned Molyhil tungsten and molybdenum project, in the Northern Territory of Australia. The Bonya project is held in joint venture with Arafura Resources Limited, with both parties contributing to the cost…
Neptune Energy acquires North Sea assets from Energean for $250mn
LONDON: Neptune Energy has entered into a conditional Sale and Purchase Agreement with Energean Oil and Gas to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initial cash consideration of $250 million. The purchase is contingent on Energean completing its proposed acquisition of Edison E&P. The transaction is subject to…
Tekmar signs agreement to acquire Pipeshield International
LOWESTOFT, UK: Tekmar Group, a market-leading technology provider of subsea protection systems has signed a sale and purchase agreement for the acquisition of Pipeshield International for a consideration of £6.5 million from its founder Steven Howlett. The consideration will be satisfied via £3.0 million in cash and £0.75 million through the issue of 573,833 new…
ProPhotonix Limited gets 5-year supply agreement from a Fortune 50 conglomerate
NEW HAMPSHIRE: ProPhotonix Limited, a designer and manufacturer of LED illumination systems and laser diode modules with operations in Ireland and the United Kingdom, today announced the award of a five year supply agreement, for custom LED illumination devices and maintenance products, from a Fortune 50 conglomerate. The custom LED illumination devices feature a unique…
Pressure Technologies wins contract to supply nitrogen storage solutions to EDF Energy
LONDON: Pressure Technologies, the specialist engineering group, announced that its wholly owned subsidiary, Sheffield based Chesterfield Special Cylinders Limited (CSC), has secured a significant contract in excess of £3 million to supply nitrogen storage solutions to EDF Energy for its UK nuclear power plants at Heysham, Torness and Hartlepool. This design and supply contract comprises…
Trigg Mining completes $4.5mn IPO, begins exploration activities
PERTH: Trigg Mining Limited has completed a $4.5 million Initial Public Offer (IPO). The IPO fund raising was widely supported by the Australian public, a large resources-focused institutional investor and the agricultural community which sees a need to address Australia’s reliance on imported potassium fertilisers, necessary for agricultural production. Under the IPO, the Company issued…
GWR completes Wiluna West high grade iron ore mining rights agreement with Gold Valley
PERTH: GWR Group Limited has confirmed receipt of the execution payment of $250,000 (ex GST) related to the Mining Rights Agreement for the mining of up to 3 million tonnes of iron ore from its John William Doutch (JWD) deposit at GWR’s 100% owned Wiluna West Iron Ore Project by private iron ore development group…