NEW YORK: The International Renewable Energy Agency (IRENA) will deliver a clear message to policy makers, civil society leaders and business decision makers in New York during the 74th Session of the UN Assembly and the Climate Action Summit next week, a press release said. The Agency will reinforce the fact that limiting climate change…
Category: Canadian Exchange
Oil & Gas, Electricity, Renewables, Canadian Exchange, News Releases
Velocys secures order for biorefinery licence in Japan
TOKYO: Velocys plc has secured a purchase order and technical service agreements with Toyo Engineering Corporation for the use of Velocys technology in a publicly funded demonstration facility in Nagoya, Japan, as well as an advanced deposit for the use of the Velocys technology by Toyo in a subsequent commercial plant. Toyo has placed an…
Diversified Gas & Oil acquires assets from EdgeMarc Energy Holdings
BIRMINGHAM: Diversified Gas & Oil, the U.S. based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, has completed the purchase of certain assets from EdgeMarc Energy Holdings, LLC, and certain of its subsidiaries. The consideration for the acquisition was $50 million funded from existing debt facilities,…
ExxonMobil signs deal with UGDC for Pakistan’s first ever commercial import of LNG
HOUSTON: ExxonMobil has inked a gas supply deal with Pakistan’s energy company Universal Gas Distribution Company (UGDC), according to which commercial import of LNG by private sector would commence for the first time. “The first shipment of LNG is expected by the next month which will change the entire gas landscape in Pakistan,” CEO of…
Engro Elengy achieves world’s fastest 250 ship-to-ship LNG cargo transfers
KARACHI: Engro Elengy Terminal has achieved yet another milestone of the world’s fastest 250 ship-to-ship transfers of LNG. The Engro Elengy Terminal was a fast-track LNG import solution built to alleviate the energy shortage facing the country. With round-the-clock supply of natural gas at a utilization rate of approximately 98%, the terminal has now handled…
Eco Atlantic makes a second oil discovery offshore Guyana
TORONTO: Eco (Atlantic) Oil & Gas Ltd. has announced second oil discovery on the Orinduik Block, offshore Guyana. The Joe-1 exploration well was drilled by the Stena Forth drillship to a final depth of 7,176 feet (2,175 meters) in approximately 2,546 feet (780 meters) of water. Evaluation of MWD, wireline logging and sampling of the…
Vaalco Energy intends to list on the main market of the London Stock Exchange
HOUSTON: VAALCO Energy, an independent energy company focused on development and production assets in West Africa, announced its formal intention to seek a Standard Listing on the Main Market of London Stock Exchange (LSE), to complement its existing Listing on the New York Stock Exchange. Cary Bounds, VAALCO’s Chief Executive Officer commented: “Since 2017, our…
Senvion enters agreement with Siemens Gamesa for sale of services and onshore assets in Europe
HAMBURG: Senvion Holding has entered into an exclusivity agreement with Siemens Gamesa to pursue negotiations for the sale of selected services and onshore assets in Europe. The agreement was approved unanimously by Senvion’s creditors’ committee. The approval of the insolvency plans by the creditors’ assembly on 11 September enabled this transaction. The parties are now…
ADCB to sell majority of its India banking portfolio to DCB Bank
ABU DHABI: Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its India banking portfolio to DCB Bank at par value and will exit its operations in India subsequent to the transaction, a release issued to Abu Dhabi Exchange noted. The banking portfolio that is being sold to DCB Bank comprises AED…
SIMEC Atlantis to build world’s largest ocean powered data centre in Scotland
LONDON: SIMEC Atlantis Energy Limited, the global developer, owner and operator of sustainable energy projects, has announced on London Stock Exchange its ambitions for a tidal-powered data centre in the Caithness region of Scotland. The power supply for such a data centre would include electricity supplied via a private wire network from tidal turbines at…
Reabold announces successful appraisal well at Parta Licence in Romania
LONDON: Reabold Resources notes the announcement made by ADX Energy Ltd regarding an update on the drilling of the Iecea Mica-1 (IM-1) appraisal well, located within the Parta license, onshore Romania. Drilling has been completed safely and hydrocarbons have been discovered in multiple zones, a release issued to London Stock Exchange noted. Reabold holds a…
China Jinjiang Environment outlook uplifted to ‘Positive’ by S&P Global Ratings
SINGAPORE: China Jinjiang Environment Holding Company Limited, a leading Waste-to-Energy operator in China, announced that S&P Global Ratings has upgraded the Company’s outlook from negative to positive. This comes on the back of the successful acquisition on 21 August 2019 of 29.79% of Jinjiang Environment’s shares by a wholly-owned subsidiary of Zhejiang Provincial Energy Group…