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Major types of power plants to generate energy
15 Dec 2017 at 5:42am
With a surge in demand for electricity to power industries and households across the world, many new sources of power generation have emerged in the past few decades. While coal still continues to be a major source of electric generation, solar, wind and other renewable energy sources have emerged as major alternatives to produce power in recent years. With growing energy needs, environmental concerns and depleting fossil fuel based energy sources, scientists are looking for alternative sources of energy.

ABB to supply transformers for 2.8GW Mica hydropower plant in Canada
14 Dec 2017 at 4:00pm
ABB has been awarded a contract by Canadian utility BC Hydro to supply critical power transformers with advanced safety features and smaller footprint for the 2,805MW Mica hydroelectric plant located in British Columbia.

BP to return to solar industry with $200m stake in Lightsource
14 Dec 2017 at 4:00pm
Oil and gas major BP will acquire a stake of 43% in UK-based solar energy generator Lightsource Renewable Energy for $200m to mark its return to the solar industry.

BP upgrades US supercomputer facility to enhance exploration and research cap...
14 Dec 2017 at 4:00pm
British oil major BP, in partnership with Hewlett Packard Enterprise (HPE) and Intel, has upgraded its Center for High-Performance Computing (CHPC) in Houston, US, to enhance its exploration and research capabilities.

Geopacific makes new gold discovery at Woodlark project in Papua New Guinea
14 Dec 2017 at 4:00pm
Geopacific Resources has provided assay results showing new gold intersections from the Boscalo area of the Woodlark Gold Project (Woodlark) in Papua New Guinea (PNG).

Independent Oil And Gas secures Blythe licence extension
14 Dec 2017 at 4:00pm
Independent Oil and Gas, a development and production focused company, announced that licence P1736 that contains the Blythe gas discovery has been extended by 12 months to 31 December 2018.

L&T commissions 225MW gas-fired power plant in Bangladesh
14 Dec 2017 at 4:00pm
India-based Larsen & Toubro has fully commissioned the 225MW Sikalbaha combined cycle power plant in Bangladesh which is owned by the Bangladesh Power Development Board (BPDB).

RWE, EnBW to sell stakes in Hungarian power company Mátra
14 Dec 2017 at 4:00pm
A consortium of Czech firm Energetický a pr?myslový (EPH) unit EP Power Europe (EPPE) and Status Power Invest has agreed to acquire 72.6% stake in the Hungarian electricity producer Mátrai Eromu (Mátra).

Sibanye-Stillwater to acquire PGM metals producer Lonmin
14 Dec 2017 at 4:00pm
Precious metal mining group Sibanye-Stillwater has agreed to acquire Lonmin, a British producer of platinum group metals in an all-share offer worth about £285m to become a fully integrated platinum-group metals (PGM) metals producer in South Africa.

Statkraft sells stake in 317MW Sheringham Shoal offshore wind farm for £558m
14 Dec 2017 at 4:00pm
Norwegian state-owned hydropower company Statkraft has agreed to sell its stake of 40% in the 316.8MW Sheringham Shoal offshore wind farm in the UK to investment manager Equitix for a price of £558m.

Subsea 7 wins two contracts offshore Norway
14 Dec 2017 at 4:00pm
Subsea 7 has bagged two contracts from alliance partner Aker BP in the Norwegian North Sea.

UK regulators approve Hitachi-GE?s Advanced Boiling Water Reactor design
14 Dec 2017 at 4:00pm
The UK Office for Nuclear Regulation (ONR), the Environment Agency and Natural Resources Wales have approved the Hitachi-GE's new nuclear reactor design.

ACCC to oppose BP's acquisition of Woolworths? service stations for $1.3bn
13 Dec 2017 at 4:00pm
The Australian Competition and Consumer Commission (ACCC) is planning to oppose BP?s proposed acquisition of Woolworths? network of retail service station sites.

ACP, MIRA and VER to buy Finnish power company Elenia
13 Dec 2017 at 4:00pm
A consortium of Allianz Capital Partners (ACP), Macquarie Infrastructure and Real Assets (MIRA) and Valtion Eläkerahasto (VER) has agreed to acquire electric grid operator Elenia and district heating network Elenia Lämpö (together Elenia) in Finland for an undisclosed price.

ADB approves $450m loan to modernize Talimarjan power plant in Uzbekistan
13 Dec 2017 at 4:00pm
The Asian Development Bank (ADB) has granted $450m financing to modernize the Talimarjan thermal power plant (TPP) in Uzbekistan and help improve energy security.

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