LONDON: Aura Energy Limited notified that the Tiris Uranium Definitive Feasibility Study (DFS) has been completed and has confirmed the Tiris Uranium Project as a low capital cost and low operating cost development opportunity. “The completion of the Tiris Uranium Project Definitive Feasibility Study has concluded that the project possesses both a very low capital…
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AC Energy’s partner to take over Kauswagan coal plant
SINGAPORE: AC Energy and Power Partners Ltd. signed a binding agreement for the transfer of AC Energy’s indirect ownership interest in the 4x135MW coal-fired power project in Kauswagan, Lanao del Norte (GNPK Project) in favor of Power Partners. Power Partners is AC Energy’s existing developer-partner in the GNPK Project. The transfer will be implemented in…
Gazprom completes sale of 2.93 stakes
MOSCOW: Gazprom Gerosgaz Holdings and Rosingaz Limited (Cyprus), wholly-owned subsidiaries of Gazprom, have successfully completed the sale of 693.627 million ordinary shares of Gazprom. The shares representing 2.93 percent of the charter capital were sold via collecting and accepting bids for the purchase of the shares using trading platform of Moscow Exchange. Gazprombank (Joint Stock…
redT Energy proposes merger with Avalon Battery
LONDON: redT energy plc, the energy storage company, is pleased to announce that it has agreed to outline terms for a proposed merger with Avalon Battery Corporation. The parties have signed a non-binding Memorandum of Understanding (MOU) and have plans for the injection of significant new funding as outlined further below. The merger, if approved…
TechnipFMC awarded a major contract for Arctic LNG 2 project in West Siberia
HOUSTON: TechnipFMC has been awarded a major Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia. This development will consist of three liquefied natural gas (LNG) trains, each with a capacity of 6.6 Mtpa, which will be installed…