Las Vegas, Nevada based NV Energy, the leading electric utility in the state said it plans to buy and improve Calpine's South Point Energy Center, a gas-fired power plant in Arizona. According to the public utility company, the move will help it meet future energy demands.
In a filing to the Nevada Public Utilities Commission in the first week of July, NV Energy disclosed its plans of the $75.6 million purchase price along with an investment budget of $21 million South Point Energy Center in Mohave Valley in Arizona.
Exxon and its partners said that, a test from an oil well in the deep waters of Guyana reveals, the well may hold much more than what was expected with more than one billion barrels of reserves.
The oil discovery by Exxon Mobil Corp. off the coast of Guyana might be twice as large as earlier thought, and that makes it worth approximately $70 billion as of the present prices.
Abu Dhabi's Masdar and Electricite de France SA are jointly bidding for the project to build a 350-megawatt solar power plant in Abu Dhabi in the United Arab Emirates.
Masdar this week won the right to build a solar facility in neighbouring Dubai and the two companies said that they will make the bid for the Abu Dhabi power plant, just as competitive. Masdar Chief Executive Officer Mohammad Jameel Al Ramahi said that the fall in prices of solar panel allowed Masdar to make the lowest bid for the project.
International Energy Agency released a report on Monday that reveal air pollution is affecting public health majorly all around the globe. It is responsible for almost 6.5 million deaths every year, with "many of its root causes and cures" originating from the energy industry.
For the agency, it conducted such kind of air pollution study for the first time. It is a Paris based energy security group headed by Fatih Birol and is extending its mission further.
Harel Insurance Investments and Financial Services of Israel said it is discussing a deal with Noble Energy to buy four percent in the Texas based energy company's Tamar natural gas fields.
The discovery of the presence of natural gas in the Tamar field was made by Noble Energy in January 2009. It is so far the biggest natural gas discovery by Noble Energy till now. It is estimated that the field has reserves of gas amounting to ten trillion cubic feet and its first production started in April 2013. Currently, it is the primary gas supply for Israel.
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