Energy

Melrose bets on Bulgaria

Edinburgh-based Melrose Resources has said that the opening of new fields in Bulgaria will boost the company’s production by 7,500 barrels of oil equivalent per day.

Hunting to buy Innova-Extel

UK-based energy services group Hunting is to buy US electronics company Innova-Extel for $125 million to boost its well construction unit, it has been announced.

Vedanta agrees Cairn stake

India’s Vedanta Resources has said it will acquire a 51 to 60 per cent stake in Cairn Energy’s Indian unit for between £5.4 billion to £6.1 billion.

Centrica in Canadian asset deal

The UK’s biggest energy supplier, Centrica, will buy natural gas assets in Canada from Suncor Energy in a deal worth £229 million.

Eskom: Ingula

South Africa has ambitious targets for increasing its electricity supply—with not all of it coming from coal generation plants.

Lesedi Nuclear Services (Pty) Ltd

A slowdown in nuclear projects is posing no problem for this well-established player in all sectors of the energy market.

Ontario to host wind blade factory

Germany's Siemens is to build wind turbines to supply as much as 600 megawatts of energy for the Canadian province of Ontario under an agreement reached with Samsung C&T, it

Beacon Power closes $43 million loan

The US Department of Energy has finalized a $43 million loan guarantee for a company's flywheel energy storage plant, which is expected to enable greater use of solar and wind p

GDF to announce International Power takeover

French power giant GDF Suez is expected to announce it has taken over its UK rival International Power (IP) as early as tomorrow.

ARB Inc.: Lodi Energy Center

The Lodi Energy Center Project is scheduled for completion by mid-2012, which means that contractors will be racing the clock even after the shovels hit the dirt this summer.

VELCO

Vermont’s power transmission company, VELCO, is preparing for another phase of development as it migrates to the smart grid.

Russia and South Africa sign uranium deal

Russia has signed a deal to provide South African nuclear power stations with uranium until at least 2017.

Reliance bolsters its US shale gas assets

Reliance Industries, India’s biggest company by market value, agreed to buy its third shale gas asset in the US this year, acquiring a 60 percent stake in acreages from Carrizo

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