Italian company will construct a solar plant in Iran

06/03/2018 10:55 Solar


The Italian firm Carlo Maresca will construct a $100-million solar power plant in Iran.

The accord inked with the Industrial Development and Renovation Organization of Iran (IDRO), sets a 15-month deadline to finalize the project.

Previously in August 2017, Carlo Maresca signed a legal act to build a 10-MW solar power plant in Iran’s Qeshm Free Trade Zone, a project whose first phase launched last week. With the prior deal, the company became the first Italian firm to fund photovoltaic projects in Iran.

IDRO is a governmental structure that backs industrial projects and innovation in Iran. Since the lifting of sanctions in January 2016, it has inked co-operation agreements with firms like Wärtsilä and HOT Engineering.

Equinor begins production from Oseberg Vestflanken 2 field

16/10/2018 08:51:00

Equinor and its partners have commenced production from the Oseberg Vestflanken 2 field in the Norwegian North Sea through the unmanned Oseberg H platform.


Daily (15.10.2018): The German spot power price fell by almost 21% on Friday, due to stronger wind generation and lower demand

15/10/2018 11:43:00

Oil prices were slightly higher of Friday, as the impact of the Hurricane Michael left several platforms in the Gulf of Mexico inactive, contributing to a drop in the U.S. crude production. Consequently, Brent crude closed 0.2% up at $80.43 a barrel.


Cuadrilla to start shale gas fracking in UK

15/10/2018 09:07:00

UK’s onshore oil and gas exploration company Cuadrilla is set to finally start hydraulic fracturing in Lancashire, northwest England, following a temporary setback Saturday due to weather conditions, Kallanish Energy reports.