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NTE Energy announces 1GW Anderson County Energy Center in South Carolina

NTE Energy announces 1GW Anderson County Energy Center in South Carolina

NTE Energy has announced a new 1,000 MW capacity natural gas fired power plant – Anderson County Energy Center in Anderson County, South Carolina with an investment of more than $1 billion. Anderson County Energy Center in South Carolina To be designed to generate clean and low-cost electricity, the Anderson County Energy Center is expected […]

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Marathon Petroleum to merge with Andeavor in $23.3bn deal

Marathon Petroleum to merge with Andeavor in $23.3bn deal

Marathon Petroleum, a US petroleum refining company has signed an agreement to acquire its rival Andeavor for $23.3 billion. Marathon acquisition of Andeavor is anticipated to result in a leading US integrated energy company with a $90bn plus initial enterprise value. The enlarged Marathon Petroleum following the merger with Andeavor will be headquartered in Findlay, […]

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Marathon Petroleum to buy rival US petroleum refining company Andeavor for $23.3bn

Marathon Petroleum to buy rival US petroleum refining company Andeavor for $23.3bn

Marathon Acquisition of Andeavor : US petroleum refining company Marathon Petroleum has agreed to acquire rival oil refining company Andeavor (formerly known as Tesoro) for $23.3 billion. Marathon Acquisition of Andeavor Marathon acquisition of Andeavor is expected to create a top US integrated energy company with an initial enterprise value of over $90 billion, and […]

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Xcel Energy gets approval for Hale wind project & Sagamore wind project

Xcel Energy gets approval for Hale wind project & Sagamore wind project

US wind industry news : Xcel Energy, a US electric utility company has secured the approval from the Public Utility Commission of Texas to move ahead with its plan to add 1.23GW of new wind energy. As part of the plan, Xcel Energy will build and own two wind farms in the states of Texas […]

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Shell to offload Argentine downstream business to Raizen for $950m

Shell to offload Argentine downstream business to Raizen for $950m

Energy acquisition news : Royal Dutch Shell has made a $950 million deal to sell its Argentine downstream business to Brazilian biofuels producer and fuels distributor Raizen. The transaction comprises the Buenos Aires Refinery, nearly 645 retail stations, liquefied petroleum gas, aviation fuels, marine fuels, bitumen, chemicals and lubricants businesses, and also supply and distribution […]

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CenterPoint Energy to acquire rival natural gas utility Vectren for $6bn

CenterPoint Energy to acquire rival natural gas utility Vectren for $6bn

Energy acquisition news : US electric and natural gas utility CenterPoint Energy has struck a deal of about $6 billion to acquire its rival natural gas utility Vectren. CenterPoint acquisition of Vectren is expected to result in a top energy delivery, infrastructure and services company catering to over 7 million customers in the US. The […]

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EBRD, Green Climate Fund support Qairokkum hydropower plant rehabilitation

EBRD, Green Climate Fund support Qairokkum hydropower plant rehabilitation

Tajikistan’s state-owned power utility Barki Tojik has secured a funding of $88 million from the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) for the rehabilitation of the Qairokkum hydropower plant (QHPP) in the Central Asian country. A full rehabilitation of the Qairokkum hydropower plant will support the country’s electric […]

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BHEL wraps up NHPC’s Kishanganga hydro power plant in Jammu & Kashmir

BHEL wraps up NHPC’s Kishanganga hydro power plant in Jammu & Kashmir

BHEL has fully commissioned the INR5783.17 crore ($864 million) Kishanganga hydro power plant in Jammu & Kashmir, owned by NHPC, by placing the third 100MW unit into operations. The three units, each of 110MW, are now into operations, with a capability of generating 1,350 million units of clean electricity annually. The Kishanganga hydro power plant […]

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EnergyAustralia to acquire Ecogen Energy’s gas-fired power plants

EnergyAustralia to acquire Ecogen Energy’s gas-fired power plants

Energy acquisition news : EnergyAustralia has agreed to acquire Ecogen Energy, the owner of the 510MW Newport gas-fired power plant and the 440MW Jeeralang gas-fired power plant, for AUD 205 million ($157.38 million). The Australian power and gas utility will buy Ecogen Energy and its 950MW gas-fired power plants in Victoria from IFM Investors, an […]

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Total, Sonatrach start production from Timimoun gas project in Algeria

Total, Sonatrach start production from Timimoun gas project in Algeria

Oil and gas industry news : Total, Sonatrach and Cepsa have started production from the Timimoun gas project in Algeria, almost nine years after the approval of its development plan by the Algerian National Oil and Gas Development Agency (ALNAFT). Algerian national oil and gas company Sonatrach owns 51% in the Timimoun natural gas project […]

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