E.ON and Evonik officially put combined cycle gas turbine power plant at the Marl chemical park into operation

by Timothy Reeder | May 12, 2016 | News

E.ON and Evonik Industries have officially put a highly efficient combined-cycle gas turbine (CCGT) power plant at the Marl chemical park into operation. The power plant was developed, financed and built by E.ON Connecting Energies and will be operated by Evonik. It...

E.ON’s transformation making progress

by Timothy Reeder | May 12, 2016 | News

E.ON’s first-quarter results were in line with expectations. EBITDA increased from €2.8 billion to €3.1 billion. Underlying net income also rose by €300 million to €1.3 billion. The earnings improvement is attributable to a nonrecurring positive effect resulting from...

Eni’s production reaches 65,000 boed with Nooros field just 10 months after discovery

by Timothy Reeder | May 11, 2016 | News

Eni, following the start of production of the Nidoco North 1X exploration well and the Nidoco North West 4 development well, brought the production of Nooros field, located in Abu Madi West concession, to around 65,000 barrels of oil equivalent per day (around 33,000...

Proposed acquisition of Saft Group by Total

by Timothy Reeder | May 9, 2016 | News

Total and Saft announced today that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and outstanding shares in the capital of Saft with the French Financial Markets Authority (Autorité des Marchés...

Siemens onshore wind turbine ready to enter German market

by Timothy Reeder | May 9, 2016 | News

Siemens’ high performance wind turbine for medium to low wind sites has reached the next milestone. The onshore wind turbine SWT-3.3-130, with hub heights of 85, 115 and 130 meters, has successfully passed independent type testing and is now certified by TÜV...

ExxonMobil and FuelCell Energy, Inc. Pursue Novel Technology in Carbon Capture

by Timothy Reeder | May 5, 2016 | News

Exxon Mobil Corporation and FuelCell Energy, Inc. today announced an agreement to pursue novel technology in power plant carbon dioxide capture through a new application of carbonate fuel cells, which could substantially reduce costs and lead to a more economical...