Energy

Shell reports increased first quarter profits

Royal Dutch Shell reported results for Q1 2012 today, with profits up through a combination of improvements in performance and volumes, as well as strong oil prices.

Shell to acquire Cove Energy

Shell has agreed to buy East Africa-focused Cove Energy in a deal worth £1.12 billion, it has been announced.

Eskom IDM

At times, South Africa’s electricity suppliers can no longer meet demand; so until supply once again catches up, the emphasis is on reducing demand.

GE reports 2012 first quarter earnings

GE, the largest industrial company in the United States, reported its eighth consecutive quarter of operating earnings growth in Q1 2012.

Kvaerner clinches Shell contract

Norwegian EPC specialist Kvaerner has been awarded an engineering, procurement, construction and management contract for the Shell-operated Ormen Lange/Nyhamna onshore facilitie

Providence paid final $6 million for Nigerian oil field

Ireland’s Providence Resources has confirmed it has received the final payment of US$6 million for the sale of its Nigerian interest, OML 113.

Lithium Exploration begins ultrasonic generator tests

 

Lithium Exploration Group has begun the initial testing of its ultrasonic generator in Pennsylvania, United States. 

Green crude pioneer Sapphire Energy adds $144 million to its tank

 

Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, has secured the final tranche of $144 million investment funding. 

Cairn Energy to buy Norwegian Agora Oil & Gas

Scottish oil explorer Cairn Energy has announced the acquisition of Agora Oil & Gas, a private Norwegian company with assets in the United Kingdom and Norwegian North Sea.

CONCO

South Africa-based high voltage power contractor CONCO expects to double its turnover within the next three years.

The alternative to the alternatives

Forget hydrogen. Forget wind, sun, geothermal and ethanol. Business Excellence can tell you exclusively today that the future of alternative energy is profal oil.

Sumitomo to partner Duke Energy in Kansas wind farms

Sumitomo Corp. of America (SCOA) is to become a 50-50 equity partner in two large-scale wind farms Duke Energy Renewables is building in Kansas.

Scotland announces £103 million renewables fund

Scotland’s energy minister Fergus Ewing has announced a new £103 million investment fund designed to drive the growth of renewable energy in Scotland.

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