EPC

Arctech Expands footprint in Turkey: Signed A Strategic Partnership Agreement with Alpon Energy

Retrieved on: 
Monday, January 8, 2024
BIPV, Partnership, PV, Multimedia, EPC, MEA, GM, Solar energy, SkyLine (Frankfurt), Infolink, Growth, Carbon, Research report, Renewable energy

ISTANBUL, Jan. 8, 2024 /PRNewswire/ -- Arctech, the world's leading solar tracking, racking and BIPV solutions provider, entered a strategic partnership agreement with Alpon Energy in Istanbul, Turkey.

Key Points: 
  • ISTANBUL, Jan. 8, 2024 /PRNewswire/ -- Arctech, the world's leading solar tracking, racking and BIPV solutions provider, entered a strategic partnership agreement with Alpon Energy in Istanbul, Turkey.
  • Alpon Energy is a well-established Turkish company with over 8 years of expertise in solar energy EPC works and single-axis solar tracking systems.
  • The strategic partnership agreement stipulates that Alpon Energy will serve as a valued partner to Arctech, offering project management, logistical support, exploration of local opportunities, and technical services, including installation supervision and commissioning assistance for the products within the designated territories.
  • "We are delighted to announce our partnership with Alpon Energy in Turkey," said Franklin Hoo, Deputy GM of MEA&APAC Business Support at Arctech.

Trio Petroleum Corp Announces an Option to Acquire a 20% Interest in the Asphalt Ridge Development Project in Utah

Retrieved on: 
Friday, January 5, 2024
Asphalt, Carbon sequestration, Work, Option, State, EPC, Mining, Public expenditure, Uinta Basin, Cretaceous, Engineering, Tertiary, CO2, Oil

Bakersfield, CA, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today announced that it has secured an option (the “Option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil development project at Asphalt Ridge, located near the town of Vernal in Uinta County in northeastern Utah. Development of Asphalt Ridge is planned to commence in Q1 2024 by a third party operator using advanced cyclic-steam production techniques. The project is estimated by an independent reserve engineering firm to be one of the largest heavy oil deposits in North America outside of Canada, making it a potential giant oilfield, and is unique given its low wax and negligible sulfur content, which is expected to make the oil produced very desirable for many industries, including shipping.

Key Points: 
  • Development of Asphalt Ridge is planned to commence in Q1 2024 by a third party operator using advanced cyclic-steam production techniques.
  • The project leasehold comprises over 30,000 acres and trends northwest-southeast, along the trend of Asphalt Ridge, over a distance of about 20 miles.
  • 1% working interest for each $100,000 option exercised) as well as an option to acquire a 20% working interest in Phase 2.
  • We now have two major assets in our portfolio, the South Salinas Project in California and the Asphalt Ridge Project in Utah.

NextDecade Announces $50 Million Senior Secured Revolving Credit Facility and $12.5 Million Interest Term Loan

Retrieved on: 
Thursday, January 4, 2024
Other Energy, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, FID, FEED, EPC, Credit, LNG, Line of credit, MUFG Bank, Bank

NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that its wholly owned subsidiary, NextDecade LNG, LLC, has entered into a credit agreement with MUFG Bank, Ltd. as lender and administrative agent that provides for a $50 million senior secured revolving credit facility (the “Revolving Credit Facility”) and a $12.5 million interest term loan (the “Interest Term Loan”).

Key Points: 
  • NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that its wholly owned subsidiary, NextDecade LNG, LLC, has entered into a credit agreement with MUFG Bank, Ltd. as lender and administrative agent that provides for a $50 million senior secured revolving credit facility (the “Revolving Credit Facility”) and a $12.5 million interest term loan (the “Interest Term Loan”).
  • Borrowings under the Revolving Credit Facility may be utilized for general corporate purposes, including development costs related to Train 4 at the Rio Grande LNG facility.
  • Borrowings under the Interest Term Loan may be utilized to pay interest expense, fees, and other expenses related to the Revolving Credit Facility.
  • Borrowings under the Revolving Credit Facility and Interest Term Loan will bear interest at SOFR or the base rate plus an applicable margin as defined in the credit agreement.

Hargrove Controls & Automation's Karen Griffin, P.E., and Heath Stephens, P.E., Achieve TÜV Rheinland Functional Safety Engineer Certification

Retrieved on: 
Thursday, January 4, 2024
Knowledge, EPC, Process safety, IEC, Automation, Certification, Control, OSHA, SIS, Engineering, P.E, International Electrotechnical Commission, Functional safety, Safety, AP, Digitalization

MOBILE, Ala., Jan. 4, 2024 /PRNewswire-PRWeb/ -- Hargrove Controls & Automation, a leading industrial automation system integrator and a subsidiary of global EPC firm Hargrove Engineers & Constructors, announced today that Karen Griffin, P.E., Vice President of Controls & Automation, and Heath Stephens, P.E., Digitalization Leader, have achieved TÜV Rheinland Functional Safety Engineer Certifications.

Key Points: 
  • Hargrove Controls & Automation's Karen Griffin, P.E., and Heath Stephens, P.E., Achieve TÜV Rheinland Functional Safety Engineer Certification
    MOBILE, Ala., Jan. 4, 2024 /PRNewswire-PRWeb/ -- Hargrove Controls & Automation , a leading industrial automation system integrator and a subsidiary of global EPC firm Hargrove Engineers & Constructors , announced today that Karen Griffin, P.E., Vice President of Controls & Automation, and Heath Stephens, P.E., Digitalization Leader, have achieved TÜV Rheinland Functional Safety Engineer Certifications.
  • The program for the Functional Safety Engineer Certification is based on functional safety standards AS/IEC 61508 – As/IEC 61511 , set by the International Electrotechnical Commission (IEC) .
  • "The TÜV Rheinland Functional Safety Certification is widely accepted as demonstration of competency in their area of expertise.
  • The Functional Safety Engineering Course covers content such as process hazard and risk assessments, safety requirement specifications, SIS design and engineering (AP development), and management of functional safety.

Gulf Sriracha Power Plant Recognized as Power Plant of the Year at Enlit Asia 2023 Power and Energy Awards

Retrieved on: 
Tuesday, December 26, 2023
Gulf Group, Power, JAC, Partnership, EGAT, AOH, EPC, Mitsui, GTCC, Plant, Exhibition, Carbon, Safety, Amphoe Nong Saeng, Renewable energy

SINGAPORE, Dec 26, 2023 - (JCN Newswire) - The Gulf Sriracha Power Plant, a joint venture between Thai Independent Power Provider Gulf Energy Development Company Limited and Japanese trading company Mitsui & Co., Ltd, and developed by Mitsubishi Power, has won the distinguished "Power Plant of the Year" title at the Power and Energy Awards.

Key Points: 
  • SINGAPORE, Dec 26, 2023 - (JCN Newswire) - The Gulf Sriracha Power Plant, a joint venture between Thai Independent Power Provider Gulf Energy Development Company Limited and Japanese trading company Mitsui & Co., Ltd, and developed by Mitsubishi Power, has won the distinguished "Power Plant of the Year" title at the Power and Energy Awards.
  • Situated in Thailand's Chonburi province, the 2,650 megawatts (MW) gas turbine combined cycle (GTCC) power plant broke ground in 2018.
  • Ltd, said: "This recognition at the Power and Energy Awards further demonstrates the exceptional achievements of the Gulf Sriracha Power Plant.
  • These plants, operational by 2014 and 2015, demonstrated excellence, contributing significantly to the partnership on the Gulf Sriracha Power Plant.

Acrometa Posts Record Revenue of S$69.5 Million for FY2023, Continues to Pursue New Opportunities in Co-Working Lab Space Business

Retrieved on: 
Wednesday, November 29, 2023
COVID-19, Health, EPC, Biotechnology, Research, Acquisition, Executive, Engineering, NTP, Bank statement, LSI, Growth, Creditor, Renewable energy

Gross profit increased by 19% from S$9.8 million for FY2022 to S$11.7 million for FY2023, while gross profit margins improved from 15.7% for FY2022 to 16.8% in FY2023.

Key Points: 
  • Gross profit increased by 19% from S$9.8 million for FY2022 to S$11.7 million for FY2023, while gross profit margins improved from 15.7% for FY2022 to 16.8% in FY2023.
  • The Group's continuing operations comprising of its specialist EPC and maintenance segments recorded a profit of S$2.2 million on the back of a 10.8% growth in revenue from S$62.3 million for FY2022 to S$69.0 million for FY2023.
  • Excluding these, the net profit would be S$2.3 million compared to FY2022 net profit of S$2.9 million.
  • This press release should be read in conjunction with the financial statements released by AcroMeta Group Limited today.

Arctech Wins Landmark 1.7GW Order in Saudi Arabia with Differentiated Solar Tracking Solutions

Retrieved on: 
Friday, December 29, 2023
COP28, Wind, Economics, SkyLine (Frankfurt), Algorithm, EPC, Renewable energy

Its 1.3GW AR RASS2 and 408MW Al Kahfah project in Saudi Arabia are already under the delivery stage, accelerating the region's energy transition.

Key Points: 
  • Its 1.3GW AR RASS2 and 408MW Al Kahfah project in Saudi Arabia are already under the delivery stage, accelerating the region's energy transition.
  • Both the AR RASS2 and Al Kahfah project adopt Arctech's flagship SkyLine II solar tracking system, lowering construction costs and ensuring high power generation gains to support plant operations.
  • Since establishing local operations in 2017, Arctech has built a comprehensive supply chain capacity in Saudi Arabia to guarantee timely delivery.
  • As a leader in the global solar tracking niche, Arctech established comprehensive sales and efficient delivery networks worldwide, fortifying capabilities in servicing target markets and customers.

Arctech Wins Landmark 1.7GW Order in Saudi Arabia with Differentiated Solar Tracking Solutions

Retrieved on: 
Friday, December 29, 2023
COP28, Wind, Economics, SkyLine (Frankfurt), Algorithm, Multimedia, EPC, Renewable energy

Its 1.3GW AR RASS2 and 408MW Al Kahfah project in Saudi Arabia are already under the delivery stage, accelerating the region's energy transition.

Key Points: 
  • Its 1.3GW AR RASS2 and 408MW Al Kahfah project in Saudi Arabia are already under the delivery stage, accelerating the region's energy transition.
  • Both the AR RASS2 and Al Kahfah project adopt Arctech's flagship SkyLine II solar tracking system, lowering construction costs and ensuring high power generation gains to support plant operations.
  • Since establishing local operations in 2017, Arctech has built a comprehensive supply chain capacity in Saudi Arabia to guarantee timely delivery.
  • As a leader in the global solar tracking niche, Arctech established comprehensive sales and efficient delivery networks worldwide, fortifying capabilities in servicing target markets and customers.

EQS-News: Photon Energy Group Achieves Record Electricity Generation in Challenging Third Quarter of 2023

Retrieved on: 
Saturday, December 30, 2023
Photon, FSX, Nominal power (photovoltaic), PV, EPC, O&M, IPP, Electricity, DSR, Q&A, Plant, Yoy, Weather, Kilowatt-hour, Growth, EUR, PFAS, EBRD, YTD, Renewable energy

In the first nine months of 2023, the Company’s unaudited consolidated revenues amounted to EUR 59.456 million, down by 12.3% YoY.

Key Points: 
  • In the first nine months of 2023, the Company’s unaudited consolidated revenues amounted to EUR 59.456 million, down by 12.3% YoY.
  • Amsterdam – 14 November 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (the ‘Group’ or the ‘Company’) has announced its unaudited financial results for the nine months ended on September 30, 2023, as well as recent operational developments.
  • ‘The third quarter has confirmed that 2023 is a very challenging year in many of our key business areas.
  • Revenues from electricity generation amounted to EUR 18.663 million, down by 40.6% YoY, mainly due to lower realised electricity prices and unfavourable weather conditions.

Canadian Premium Sand Inc. Announces Fiscal Year End 2023 Results

Retrieved on: 
Thursday, December 14, 2023
EPC, Glass, CPS, Environment, Analysis, Bank statement, Engineering, Renewable energy

CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce its fiscal year end 2023 financial results.

Key Points: 
  • CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce its fiscal year end 2023 financial results.
  • The Company’s audited financial statements and notes thereto and Management’s Discussion and Analysis for the three months and year ended September 30, 2023, are available under CPS’s SEDAR+ profile.
  • The Company devoted its time and resources during the financial year ended September 30, 2023, investing $7.2 million to achieve “shovel ready” status for its patterned solar glass manufacturing facility in Selkirk, Manitoba (the “Project”).
  • “We are pleased with the significant development milestones achieved by CPS in 2023.