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ET Energy begins construction on 60.9MW PV project in Jordan

ET Solutions, a subsidiary of ET Energy, announced Wednesday that it has started construction on a 60.9MW solar power project in Jordan for ACWA Power — a Saudi-based independent power producer.
The installation, situated in Mafraq, Jordan — 50km northeast of Amman — was awarded in the second round of the Photovoltaic Procurement program of the Ministry of Energy and Mineral Resources of Jordan.
ACWA Power is the developer and the owner of the installation. Construction on the plant started in March, with completion expected in 10 months.

FRV signs an agreement with Invenergy for the sale of La Jacinta solar plant in Uruguay

Fotowatio Renewable Ventures (FRV), a leading global utility-scale solar developer, has signed an agreement with Invenergy, a privately-held company that develops, owns and operates utility-scale renewable energy projects and storage facilities, for the sale of the 65 MWdc La Jacinta solar plant in Uruguay, one of the largest photovoltaic (PV) projects in Latin America.
Rafael Benjumea, CEO of FRV, said: “La Jacinta is a milestone in the development of renewable energy in Latin America. Its success reinforces our credentials, and puts FRV in a favorable position to keep developing sustainable energy projects in the country and the wider Latin American region”.
Matthew Olive, Invenergy’s Vice President of Development and Origination for International Markets, said: “Uruguay is a global leader in renewables, with over 90 percent of their electricity generation coming from renewable energy. We are excited to expand on our presence in the country, and in the coming weeks we also expect to begin commercial operations of Invenergy’s 70 MWdc Campo Palomas wind farm.”

Algeria to launch 4 GW solar tender by the end of March

Algeria’s Ministry of Energy will launch a tender for the installation of 4,020 MW of PV capacity by the end of this month or at the latest by early April, according to government-owned news portal Portail Algerien des Energies Renouvelables citing a statement from Mohamed Arkab, the CEO of local gas and energy provider CEEG SpA, a subsidiary of Algerian state-owned electric and gas utility Sonelgaz (National Society for Electricity and Gas).
Arkab said the tender, which will be conducted by CEEG in three 1,350 MW phases, is part of the country’s renewable energy policy issued by the government in 2015.
The tender will enable the construction of several large-scale PV plants in the region of Hautes Plaines (High Plains), which is located in the northern part of the country, and also in southern Algeria.
The projects will be owned and developed by special purpose companies, which will be responsible for financing, EPC works, grid-connection and the sale of power.
Algeria aims to cover 27% of its electricity demand with renewable energy by 2030. The country expects to reach this goal by installing 22 GW of renewable energy power stations, of which 13.5 GW will come from a PV source. Around 3 GW of solar must be installed in the period between 2015 and 2020, while the remaining 10.57 GW is scheduled for the period spanning 2021 to 2030.

Enertronica secures engineering contract for 50 MW of solar in the U.S

Italian solar project developer and inverter manufacturer Enetronica Spa announced it has secured the engineering contract for the construction of two PV plants with a combined capacity of 50 MW in the United States.
The engineering services will be provided by Enertronica Inc, a new subsidiary, which will be based in Delaware and will have two offices in Massachusetts and Nevada. The plants will be installed between 2017 and 2018, the company reported.
The agreement, which is expected to be finalized by the end of this year, is worth approximately $ 500,000. The company said that it will be also involved in the construction of the two plants.
The full EPC contract supply will be provided by the company and its subsidiary specializing in the production of solar inverters Elettronica Santerno, whose U.S. unit Santerno Inc. has been active in the country for several years.

ExxonMobil to acquire interest in Mozambique Area 4 from Eni

ExxonMobil Corp. and Eni SPA have signed a sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25% indirect interest in the natural gas-rich Area 4 block offshore Mozambique.
Eni currently holds a 50% indirect share in the block through a 71.4% stake in Eni East Africa, which owns 70% of the Area 4 concession.
The agreed terms include a cash price of about $2.8 billion. The acquisition will be completed following satisfaction of a number of conditions precedent, including clearance from Mozambican and other regulatory authorities.
Eni will continue to lead the 3.3 million-tonne/year Coral floating LNG project as well as a 10 million-tpy onshore liquefaction joint venture in Area 4, while ExxonMobil will lead the construction and operation of natural gas liquefaction facilities onshore.
Following completion of the transaction, Eni East Africa SPA will be co-owned by Eni 35.7%, ExxonMobil 35.7%, and China National Petroleum Corp. 28.6%. The remaining interests in Area 4 are held by Empresa Nacional de Hidrocarbonetos de Mozambique EP, Korea Gas Corp., and Galp Energia, each with 10% interest.

Saudi invites bids for 700MW renewable energy projects

Saudi Arabia has invited pre-qualification bids from leading global and regional construction companies to develop 700MW renewable energy projects under the first phase of its National Renewable Energy Programme, said a report.
The Phase One projects include a 300 MW solar facility at Sakaka in the kingdom’s northern Al Jouf province and a 400 MW wind plant at Midyan in northwestern Tabuk province, reported Bloomberg.
The Ministry of Energy, Industry and Mineral Resources has set March 20 as deadline for submitting the pre-qualification bids, said the report.
Those selected will be announced by April 10 and qualified bidders will be able to present their offers for the projects starting on April 17 through July, it stated.
The kingdom has embarked on a massive $50 billion renewable energy plan with focus on solar and wind power to temper domestic oil use in meeting growing energy demand, it added.
It is the first stage to reach 3.45 gigawatts by 2020 and 9.5 GW by the year 2023, according to senior officials.
Later rounds of projects will include other forms of renewable energy such as concentrated solar power (CSP) and waste-to-energy schemes. The renewable projects will all be developed under the IPP model, they stated.

Iran Finds 2 Billion Barrels Shale Oil Reserves in Western Province

Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on Saturday.
“Based on studies, it is estimated that the shale oil reserves in Ghali Koh in Lorestan amount to 2 billion barrels of oil in place,” Bahman Soleimani, NIOC’s deputy director for exploration, told the semi-official news agency Tasnim. “The oil is light.”
Soleimani said exploration was also being carried out for shale gas reserves in the area, and the studies were expected to be completed by October, 2017.
Iran’s proven oil reserves of about 160 billion barrels, almost 10 percent of the world’s total, rank it fourth among petroleum-rich countries.

Saipem awarded onshore drilling contracts worth $240 million

Saipem has been awarded new contracts and the extension of pre-existing agreements in the onshore drilling sector in Saudi Arabia, Morocco, Bolivia and Argentina for a total value of $240 million. Saipem boosts its presence with a further important three-year extension to activities relating to six medium-sized onshore drilling rigs already operating in Saudi Arabia. “With these new awards, Saipem consolidates its presence of many years in the Middle East and Latin America with an eye on growth in the drilling market in these strategic areas of the world,” said Stefano Cao, CEO of Saipem.

With 2019 Export Goals, Exploration in Egypt Picks Up

Egypt may announce new discoveries of natural gas by the second half of this year, Oil Minister Tarek El Molla said, bringing it closer to its goal of self-sufficiency by 2019.
Egypt will start exporting natural gas in 2019, Mohamed El Masry, chairman of Egyptian Natural Gas Holding Co., told reporters in Cairo. It will import 43 to 45 cargoes of liquefied natural gas between March and December this year from Oman, Russia’s Rosneft PJSC, and France’s Engie SA, to be paid over six months, he said.

Iran to increase oil, gas tender approvals

16.01.2017|Trade Arabia
National Iranian Oil Company (NIOC) will announce a second list of international companies approved to bid in the country’s oil and gas tenders, a report said. The first list issued earlier this month recorded 29 oil and gas companies, including Russia’s Lukoil and Gazprom, Gholamreza Manouchehri, NIOC’s deputy head was quoted as saying in an Iran Daily report, which cited Mehr News Agency.
The first list also includes oil majors such as France’s Total, Royal Dutch Shell, Italy’s Eni, Danish conglomerate Maersk, Austria’s OMV and Schlumberger as well as East Asian companies such as CNPC and Sinopec, Inpex, KOGAS and Petronas, the report said.
“NIOC welcomes cooperation with all companies with advanced knowhow and the will to expand their role in Iran’s upstream petroleum sector, and this is why Russian majors are unlikely to be excluded from Iran’s oil tenders,” Manouchehri added, noting that Zarubezhneft and Tatneft, who have signed preliminary agreements to study Iranian oilfields, are likely to make it into the second list.