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Eni: Discovery of Gas and Condensates in Offshore Gabon
Eni has made an important gas and condensates discovery in the Nyonie Deep exploration prospect located in block D4, approximately 13 kilometers from the coast of Gabon and 50 kilometers from the capital city Libreville.
Preliminary estimates suggest the new gas discovery is significant, with initial potential in place estimated at 500 million boe. The discovery was made in the pre-salt of Gabon through the NFW Nyonie Deep 1 well, which was drilled in 28 meters of water depth, reaching a ...
Oil and Gas
- Exploration - Jul 31, 2014
Ideal Power Secures Multi-Year Purchase Agreement With Sharp Electronics
Ideal Power, a developer of a disruptive power conversion technology, is pleased to announce that it has signed a multi-year purchase agreement with Sharp Electronics Corporation (hereafter "Sharp") whereby Sharp will utilize Ideal Power's 30kW battery converter in its SmartStorage systems. Ideal Power has received an initial order from Sharp under this agreement, and it expects order volumes to scale along with Sharp's SmartStorage business.
Sharp's SmartStorage sys...
Smart Grids
- Power Generation - Jul 30, 2014
Shell Says Q2 Net Profits Triple to $5.307bn
Anglo-Dutch oil giant Royal Dutch Shell said Thursday that net profits more than tripled in the second quarter, boosted by asset sales and higher oil prices.
Earnings after taxation soared by 206 percent to $5.307 billion (3.961 billion euros) in the three months to June compared with $1.737 billion in the same part of 2013, Shell said in a results statement, adding it has completed $8.0 billion of assets so far this year.
"We are making progress with the priorities I set out at ...
Oil and Gas
- Jul 31, 2014
Italy agrees to sell energy grid stake to China
Italy has agreed to sell a 35 percent stake in its electricity grid to China's state power company for at least 2.1 billion euros ($2.8 billion) as part of its privatisation drive.
The board of state holding company Cassa Depositi e Prestiti (CDP) on Wednesday gave the green light for the sale to China's State Grid Corp., according to a statement.
The deal is the latest move by China to buy up government-owned infrastructure in Europe from cash-strapped states still struggling...
General News
- Jul 30, 2014
Cyprus in Gas Exploration Deal With ENI, Kogas
Cyprus signed a memorandum of understanding Wednesday with Italian-Korean energy consortium ENI-Kogas to drill for possible offshore gas resources.
Italy's ENI holds an 80 percent stake in exploiting Blocks 2, 3 and 9 of Cyprus's Exclusive Economic Zone, while South Korea''s Kogas holds the balance.
Energy Minister George Lakkotrypis told reporters drilling would begin before the summer's end.
He said the signing confirms the government's commitment to buil...
Oil and Gas
- Jul 30, 2014
Moscow Says EU Sanctions Will Lead to Higher Energy Prices
Moscow warned on Wednesday that a new wave of Western sanctions would drive up European Union energy prices and said they would hurt the bloc's economy as much as Russia.
"This is a thoughtless, irresponsible step. It will inevitably lead to an increase in prices on the European energy market," the Russian foreign ministry said in a statement.
Russia is a key supplier of natural gas to EU states and has often been accused of using gas prices as a political weapon.
&q...
General News
- Jul 30, 2014
SunPower Announces 29-MW Supply Agreement with Nangoku
At the PV Japan 2014 conference today, SunPower, a leading solar technology and energy services provider, today announced it has signed a definitive agreement to supply Nangoku Corporation (Nangoku) with 29-MWdc of the high efficiency E20/327 Solar Panel by SunPower Corporation. Nangoku, an independent power producer will build a mega solar plant in the Hioki, Kagoshima prefecture on the Island of Kyushu.
"Our mega solar power plant will be built on a hilly region of Hioki with...
General News
- Solar - Jul 30, 2014
Plug-In Electric Vehicles and Energy Companies to Start Communicating
Ford Motor is collaborating with seven of the world’s largest automakers and 15 U.S. utility companies to develop technology for plug-in electric vehicles to talk to the utilities via the cloud – a move that would help manage energy use and improve the efficiency of the power grid.
Collaboration among the automakers, utility companies and Electric Power Research Institute is integral to the pilot program, which will create a standards-based communications platform for use by p...
General News
- Jul 29, 2014
