Tom L. Ward, chairman and CEO of Tapstone Energy, has joined the Board of Directors of Nopetro. Ward also completed an equity investment in the company, which is Florida’s leading compressed natural gas (CNG) infrastructure provider. Ward previously co-founded and served as president and COO of Chesapeake Energy, and as founder, chairman and CEO of SandRidge Energy. Ward’s investment in Nopetro will support the company’s expansion across the U.S.- Abengoa has had its credit rating upgraded by one notch by the rating agency Standard & Poors (S&P). S&P has revised the rating of Abengoa from B to B+ with a stable outlook.
- Merkur Offshore has signed with respectively Alstom and DEME a binding Turbine Supply Agreement and Balance of Plant Contract for the construction of the Merkur Offshore wind farm, including supply and installation of 66 Alstom Haliade 150-6MW offshore wind turbines. Additionally, Alstom has signed a long term service and maintenance contract.
- Under an agreement by Eagle Mountain LLC to buy the Kaiser Eagle Mountain mine near Desert Center from CIL&D (formerly known as Kaiser Ventures) is moving forward with the goal of transforming the site into a pumped storage electricity station that can bank energy from solar, wind and geothermal power plants for release during times of peak demand and to maintain grid stability. The proposal calls for converting two of the mine’s vacant pits into reservoirs that transfer water back and forth through a state-of-the-art underground turbine system that can produce up to 1,300 megawatts of electricity – enough to power nearly 1 million homes.
