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Search Results for Oil
Spanish Energy Firm Buys Two Biomass Facilities
Spain’s Ence – Energía y Celulosa on Dec. 15 said it will buy Spanish utility Endesa’s stake in two biomass plants. “This operation constitutes a new step in fulfilling our Strategic Plan, which plans to achieve 383 MW of installed…
Indonesia’s steady progress in tackling fossil fuel subsidies
Many countries use fossil-fuel subsidies to advance particular goals – whether political, economic, social and environmental. Common justifications range from reducing energy poverty, redistributing wealth, or protecting jobs. But in many cases, the net effects of fossil fuel subsidies are…
First US Petcoke-To-Methanol Plant With Carbon Capture Tech Gets DOE Loan Guarantees
On the shortest day of 2016, the US Department of Energy announced that it has made the “first ever offer for a conditional commitment” of loan guarantees under its Advanced Fossil Energy project to Lake Charles Methanol, LLC, for a…
35MW Waste to Energy Project for B&W Vølund in Boden, Sweden
Babcock & Wilcox Vølund has been awarded a contract worth approximately $35 million to design, supply and construct a waste to energy boiler for a combined heat and power plant in Boden, Sweden. Danish waste to energy technology firm, Babcock…
Shell Agrees Sale of Stake in Vivo Energy to Vitol Africa BV
Shell has signed an agreement with Vitol Africa B.V. to sell its 20% shareholding in Vivo Energy for US$250 million. Completion of this transaction is expected during the first half of 2017, subject to regulatory approval. The sale is in…
OPEC Secretary General Congratulates El-Badri on Platts Award
OPEC Secretary General, HE Mohammad Sanusi Barkindo, has congratulated former OPEC Secretary General, HE Abdalla Salem El-Badri, on recently been honoured at the Platts Global Energy Awards in the ‘Lifetime Achievement’ category. The Secretary General said that El-Badri is an…
Gazprom’s Positions Remaining Stable Amid Changing External Environment
The Gazprom Board of Directors took note of the information about the impacts caused by the events of 2016 on the long-term outlook for the global energy market. It was highlighted that a number of major economic and geopolitical events…