Chevron announced Monday it will sell its Bangladesh companies, owned indirectly by its wholly subsidiary Chevron Global Ventures, to Himalaya Energy Co. – a Chinese consortium formed by state China ZhenHua Oil and investment firm CNIC Corp, Kallanish Energy reports.
A consortium led by Hong Kong-based infrastructure giant Cheung Kong Infrastructure (CKI) has been approved by Australia’s Foreign Investment Review Board (FIRB) to acquire energy utility business operator Duet Group for $5.2 billion.
China’s shale gas production surged 50.4% year-on-year to 1.15 billion cubic meters (Bcm – 40.59 billion cubic feet, Bcf) in March, signalling the country’s run-up to become one of the largest shale gas suppliers in the world.
France’s Total and its U.S. affiliate SunPower have started up their first solar power plant in Japan in partnership with local egg farming firm ISE Group, Kallanish Energy learns from the companies on Wednesday.
Russia and Belarus have vowed to work out basic principles for forming a natural gas common market of the Eurasian Economic Union (EAEU), with the latter also targeting the common electricity market, in order to enhance its industrial competitiveness, Kallanish Energy learns.