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09 October 2024
in
Oil & gas

Arbitration rules in favour of BP in Kosmos dispute

Kosmos Energy said a Paris-based arbitrator has ruled in favour of BP, prohibiting Kosmos from selling to third parties LNG from the Greater Tortue (GTA) project offshore...

09 October 2024
in
Renewables

Abraxas Power progresses green hydrogen project

Abraxas Power subsidiary Exploits Valley Renewable Energy Corporation (EVREC) has submitted the Environmental Assessment Registration with the Department of Environment...

08 October 2024
in
Renewables

Saudis set to invest $10bn in green hydrogen production

Saudi Arabia has launched a new company to finance green hydrogen production.The Public Investment Fund has set up Energy Solutions Company to invest at least $10 billion...

08 October 2024

Finnvera guarantees Wartsila's deliveries to Ghana

Finnvera has guaranteed Wartsila's deliveries to Ghana for a project to convert six W18V46 engines from heavy fuel oil operation to W18V50DF with multi fuel...

08 October 2024

EKN backs Intellego Technologies facilities

Intellego Technologies has secured a SEK30 million (almost $3 million) Nordea loan guaranteed by EKN, Sweden's export credit agency. Funds will be used to refinance...

08 October 2024
in
Manufacturing & equipment, Renewables

Plug Power signs supply framework with AGA

Plug Power has signed a binding framework agreement with Allied Green Ammonia (AGA) for the supply of 3GW of electrolyser capacity.The framework agreement follows the...

08 October 2024
in
Renewables

Henry Jin returns to Hunton Andrews Kurth

Henry Jin, an energy and infrastructure attorney who advises clients on renewable energy transactions, has rejoined Hunton Andrews Kurth as a partner in Washington, DC,...

08 October 2024

Italgas agrees to buy 2i Rete Gas

F2i and Finavias have agreed the sale of Italy’s second-largest natural gas distribution operator to Italgas for an equity value of €2.06 billion ($2.26...

08 October 2024
in
Power

Gunvor seals deal for 75% stake in Bilbao power plant

Gunvor has completed the acquisition of a 75% ownership stake in Bahia De Bizkaia Electricidad (BBE), a 785MW combined cycle power plant located in Bilbao, from bp.The...

08 October 2024
in
Renewables

Denmark postpones green hydrogen transmission roll-out to Germany

Denmark will postpone the roll-out of a green hydrogen transmission pipeline between western Denmark and northern Germany by three years to 2031 from 2028.Denmark has...

08 October 2024
in
Oil & gas

BP ‘abandoning plan to cut oil output’ angers green groups

BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence,...

08 October 2024
in
Renewables

ENGIE secures €500m sustainability-linked loan

ENGIE has secured a green and sustainability-linked loan of €500 million ($534 million).The financing - from IFC, AIIB and Proparco - includes climate targets as...

08 October 2024
in
Renewables

Winner of subsidies at pilot European Hydrogen Bank auction pulls out

One of the developers awarded subsidies under the pilot European Hydrogen Bank auction in April has withdrawn from the process – but the six remaining winners have...

08 October 2024
in
Other

IFC and Banco Safra to expand trade finance in Brazil

Brazil's Banco Safra has joined IFC's Global Trade Finance Program and became one of 250+ issuing bank partners of IFC under this program.The trade finance...

08 October 2024
in
Renewables

Trafigura executes first wind power purchase agreements in North America

Trafigura has executed its first wind power purchase agreements in North America, accounting for at least 50% of the as-generated energy and renewable energy credits,...

08 October 2024
in
Metals and Mining

Generation Mining gets Canada support for Marathon project

Generation Mining PGM has been awarded up to $771,000 ($565,119) from the Critical Minerals Infrastructure Fund (CMIF).The CMIF is a key program under the Canadian...

08 October 2024
in
Renewables

Ukraine’s gas grid welcomes first biomethane supply

Ukraine has successfully supplied biomethane to its gas transmission system for the first time.The VITAGRO group of companies, working in collaboration with Gas...

08 October 2024
in
Metals and Mining

Falco Resources extends senior debts

Falco Resources has extended the maturity date of its convertible secured senior loan with Osisko Gold from December 31, 2024 to December 31, 2025. The company also...

08 October 2024
in
Metals and Mining

Takeovers Panel backtracks on ERA offer

The Takeovers Panel has made a U-turn on its stance towards a planned A$800 million (about $539 million) entitlement offer by former uranium miner Energy Resources of...

07 October 2024
in
Other

Craig Weeks joins BAFT as senior VP of trade

BAFT has appointed Craig Weeks as its new senior vice president of trade. Weeks, who joined BAFT this week, will lead the association’s trade-focused policy,...