Gas & Oil Fired Strategic Development

Find the latest natural gas and oil power generation business development news for power plant contracts, gas power plant construction, and plant upgrades.

Gas & Oil Strategic Development

Obama backs shale gas in State of the Union speech

25/01/2012 President Obama gave a ringing endorsement of shale gas in his State of the Union address last night while vowing to tighten th...

Tanzania power utility seeks $257m loan

19/01/2012 Tanzania’s state-owned power utility said it’s in talks with a group of lenders including Citigroup for a $257m loan to fund ga...

Abengoa awarded 640 MW CCPP project in Mexico

05/12/2011 Abengoa is set to build a 640 MW combined-cycle power plant (CCPP) in Mexico after the country's Federal Commission of Electric...

GE teams up with SEC in $300m power plant deals

05/12/2011 GE has signed contracts worth almost $300m with the Saudi Electricity Company (SEC) to supply 13 gas turbines and associated se...

European bank loans $323m for Italian gas plant

02/12/2011 The European Investment Bank has granted a EUR 240m ($323m) loan to Italian utility Iren for an offshore regasification pl...

Report casts gloom on UK shale gas ambitions

23/11/2011 A report out today claims that the UK could build 2,300 offshore wind turbines with the money it would need to exploit the coun...

Wartsila buys UK engineering firm Hamworthy

22/11/2011

Finland’s Wartsila Corp is to buy UK engineering company Hamworthy in a deal worth GBP 383m ($599m).

Abu Dhabi capacity to top 10 GW

22/11/2011 Reuters has reported that Abu Dhabi’s peak power production will exceed 10 GW for the first time next year, buoyed by its ambit...

Centrica signs 10-year gas deal with Statoil

21/11/2011 The parent company of British Gas, Centrica, has today signed a 10-year deal with Statoil for the supply of 50 billion cubic me...

Turkmenistan plans gas pipeline to Europe

17/11/2011 Turkmenistan wants to build a gas pipeline to Europe that would bypass Russia and supply 30 billion cubic metres of gas a year.

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