Adnoc subsidiary XRG, together with Abu Dhabi Development Holding Company (ADQ) and Carlyle, has withdrawn its $18.7 billion offer to acquire Australian energy player Santos. The consortium stated that after comprehensive evaluation and review of all commercial factors and the terms set forth... More

Vitol and Glencore are expected to submit formal bids for Chevron's 50% stake in Singapore's second-largest refinery, valued at about $1 billion, sources said. The Switzerland-based firms were shortlisted in September and Chevron is seeking final binding bids during October. The... More

SEK has issued a new $1 billion five-year global benchmark bond, marking its third US dollar benchmark bond for 2025. The transaction was priced at 48 basis points above SOFR midswaps and features a semi-annual coupon of 3.75%. SEK recorded strong demand from nearly 60 investors worldwide,... More

Hanwha Ocean has awarded ABB the contract to supply a full electric power and propulsion system for Singapore's first floating LNG terminal. The FSRU terminal will feature ABB’s integrated electrical system, which includes a medium voltage generator, 6.6kV switchboards for cargo and... More

The Export-Import Bank of the United States has begun disbursing funds to Electrovaya under a $50.8 million facility intended for capital and engineering expenses at the company's battery manufacturing site in Jamestown, New York.Further drawdowns are expected to occur regularly over the next 12... More

Export Development Canada has provided a $55 million credit facility to Hydrostor to cover development expenditure and letter of credit requirements for the Silver City Energy Storage Centre in Broken Hill, New South Wales. The funding will be used to advance Hydrostor’s late-stage 200MW... More

Australia's Orion Minerals has entered a non-binding term sheet with a unit of Glencore for $200 million to $250 million in funding for its Prieska copper-zinc project in South Africa. The structured finance arrangement is set to support construction and the commencement of early works at... More

TotalEnergies has signed four production sharing contracts for offshore exploration blocks LB-6, LB-11, LB-17, and LB-29 in Liberia. The contracts, awarded following the 2024 Direct Negotiation Licensing Round organised by the Liberia Petroleum Regulatory Agency, cover an area of about 12,700 square... More

CAF has structured a $500 million A/B loan for Calidda, the natural gas distributor for Lima and Callao, Peru, to support the expansion of the gas distribution network in the metropolitan region. The financing will be used to connect an additional 900,000 people to the natural gas network and... More

New Fortress Energy has finalised contract terms with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority to supply LNG to Puerto Rico for seven years. The contract is pending approval by the Financial Oversight and Management Board of Puerto Rico. The... More

Bird & Bird has appointed Jenny Murray as a partner in its London infrastructure, projects & procurement group.Murray, who brings 15 years of experience advising developers, investors, and infrastructure funds across the full project lifecycle, will focus on supporting clients in negotiating... More

Bracewell has expanded its global energy finance and infrastructure practices with the addition of three partners to its New York office.Jeeseon Ahn, Jared Joyce-Schleimer, and Jason Lewis joined the firm from McDermott Will & Emery, Orrick and Winston & Strawn, respectively, bringing... More

The Dutch government has allocated €1 billion ($1.1 billion) from its climate fund to support the build-out of 2GW offshore wind capacity in 2025. Under a new Offshore Wind Energy Action Plan from the Ministry of Climate and Green Growth, the funding will be used to stimulate construction... More

FPX Nickel has received a non-repayable funding contribution of C$3.5 million from Natural Resources Canada's Critical Minerals Infrastructure Fund to advance feasibility and environmental and cultural baseline studies for the Baptiste Nickel Project in British Columbia. The grant covers... More

Vishal Acharya has joined BMO Capital Markets as director: global trade: working capital solutions.His previous experience includes over three years at National Bank of Canada where he was director of international trade and strategies. Before that, Acharya spent almost five years at HSBC a... More

The US International Development Finance Corp (DFC) is in talks with Orion Resource Partners to set up a $5 billion fund intended to invest in mining operations, in what would mark the US government's most substantial engagement in securing supplies of critical minerals.The fund would operate as... More

Sunrise Energy Metals has received a Letter of Interest from the Export-Import Bank of the United States for up to $67 million in debt financing to support the development of its Syerston Scandium Project in central New South Wales. The potential financing represents about half of the estimated... More

The Export-Import Bank of the United States has provided Highland Copper with a non-binding letter of interest for potential debt financing of up to $250 million. The financing would be used for the development of the fully permitted Copperwood copper project in the Upper Peninsula of... More