Weekly HEG Global Energy Digest

Electricity:

Gazprom’s unit installs two Ansaldo gas turbines at Serbian power plant

Gazprom Energoholding, a subsidiary of Russia’s Gazprom, has completed the installation of two gas turbines at the 200 MW Pancevo gas-fired combined cycle power plant in Serbia, it said.

The equipment was manufactured by Italian group Ansaldo and was delivered by sea from the Italian port of Genoa to Romania’s Constanta, and then on the Danube to Pancevo, Gazprom Energoholding said in a statement on Friday.

“The choice of Ansaldo’s gas turbines was motivated by their high efficiency and reliability, as well as the experience of the company in operating similar turbines at the power plants of Gazprom Energoholding in Russia,” the director of Gazprom Energoholding Serbia, Aleksandr Varnavskiy, said in the statement.

The commissioning of the power plant is planned for 2020.

Article Source: https://www.energymarketprice.com/energy-news/gazprom-s-unit-installs-two-ansaldo-gas-turbines-at-serbian-power-plant

Oil:

Cairn Energy sells £50 stake in Nova development

Scottish oil and gas firm Cairn Energy has announced that it has sold off a stake in its Nova development off the coast of Norway.

The 10% stake has been sold as a farm-out agreement to One-Dyas Norge for almost £50 million.

Edinburgh-headquartered Cairn said it will retain a participating interest of 10% interest in the Nova development and reduce its capital expenditure by £90m in the project to the end of 2021.

The transaction remains subject to written consent by the Norwegian Ministry of Petroleum and Energy, partner and third-party approvals.

Ownership of Nova now sits at Wintershall DEA (Operator) 45%, Spirit Energy 20%, Edison 15%, Cairn 10%, One-Dyas 10%.

First oil is targeted for 2021

Article Source: https://www.energymarketprice.com/energy-news/cairn-energy-sells-?50-stake-in-nova-development

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