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Canada’s largest pipeline operator Enbridge has eventually agreed to acquire the remaining shares in the US-based pipeline and storage facilities operator Spectra Energy Partners for a total consideration of US$3.3bn. Enbridge previously owned 83% of Spectra and offered 1.11 of its shares for each share of Spectra it does not already own, which is 9.8% more than its initial offer. With this acquisition, the company hopes to simplify and streamline its corporate structures and gain tax benefits after 2020.

Enbridge is North America’s largest energy infrastructure company since the acquisition of Spectra Energy, including Spectra’s 33,800 km of oil and gas pipelines, 8.5 bcm of gas storage and 4.8 mbl of oil storage, and of a 50% ownership in DCP Midstream, largest producer of natural gas liquids in the US.

19 mayors of some of the world’s largest cities have vowed to make all buildings carbon neutral by 2050, ensuring that they make no contribution to climate change. All new buildings will have to be carbon neutral by 2030, while all existing ones are expected to reach the same goal by 2050. The cities which took part in the pledge include in particular London (United Kingdom),…

Repsol LNG Holding, a subsidiary of the Spanish oil and gas company Repsol, has been awarded a license by the Spanish regulator CNMC (Comisión Nacional de los Mercados y la Competencia) to commercialise electricity on the domestic retail market.

According to new figures released by the United States Department of Energy (DoE), the cost of installing new onshore wind projects has decreased by 33% between the peak in 2009-2010 and 2017 to US$1,611/kW. A total of 7,017 MW were installed in the country in 2017, which brings the cumulated utility-scale wind capacity to nearly 89 GW spread across 41 states.

The United States Federal Energy Regulatory Commission (FERC) has endorsed Energy Transfer Partners’ (ETP) request to move forward with the Burgettstown and Majorsville supply laterals of its US$4.2bn Rover gas interstate pipeline project.

US-based Advanced Power has secured a US$1.3bn financing for the construction of the South Field Energy project, a 1,182 MW CCGT power plant located in Columbiana County, Ohio (United States). The power plant will use two GE gas turbines, each with a heat recovery steam generator and steam turbine generator. Now fully permitted,…

According to a progress report unveiled by the Russian oil and gas company Rosneft, six development wells have been commissioned at the giant offshore field Zohr in Egypt so far and the maximum gas treatment capacity is reaching 49.5 mcm/d (18 bcm/year). Gas production has increased to 31.5 mcm/d (roughly 11.5 bcm/year), which is 40% of the plateau output of 28 bcm/year slated for mid-2019.