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Energy Industry News
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Hecate Energy’s $1.2bn public listing moves forward after lender issues are resolved
Hecate Energy clears a major hurdle to its $1.2 billion Nasdaq deal as its 47 GW power pipeline targets surging U.S. data-center demand.
Frontline revenue nearly doubles to $943m as Middle East disruption lifts tanker earnings
Frontline Q2 profit hit a record $659M as VLCC rates topped $150,000 a day and dividends tied to the quarter reached $3.41 per share.
Arrow Exploration Q2 revenue jumps 116% as Colombia production reaches 4,902boepd
Arrow Exploration more than doubled Q2 revenue to $34.2 million and quadrupled adjusted EBITDA to $25.2 million as Colombia production expanded, while the debt-free producer continues negotiating its Tapir licence extension.
Juniper Green signs 25-year SJVN PPA for 50MW dispatchable renewable power
Juniper Green Energy has signed a 25-year PPA with SJVN for a 50 MW firm and dispatchable renewable project at ₹4.25 per unit, with four-hour peak supply and 90% monthly availability obligations.
Callan JMB (NASDAQ: CJMB) pays $12.5m for 377 Williston producing wells
Callan JMB is acquiring non-operated Williston Basin interests for $12.5 million, adding about 150 boepd across 377 producing wells and a company-estimated 21.2% unlevered cash return at $75 WTI.
India’s $210bn nuclear ambition meets regulatory hurdle over imported reactor designs
India is opening nuclear generation to private capital, but draft implementation rules may impose additional hurdles on foreign reactor technologies needed to support its 100 GW target.
250 Eos Energy workers are affected by a factory move. Here’s what happens to their jobs
Eos Energy Enterprises is moving battery manufacturing from Turtle Creek to its larger Thorn Hill facility, affecting about 250 employees, including 205 union-represented workers, while committing to offer every affected employee continued work within the company.
Why Adani’s Satara project needs 9,000 MVA for 4.5 GW of storage growth
Adani Energy Solutions has won a ₹4,700 crore Maharashtra transmission project that will add 562 circuit kilometres and 9,000 MVA of transformation capacity while supporting up to 4,500 MW of pumped-storage potential.
Skipper (NSE: SKIPPER) wins Rs 1,305cr T&D orders across India and exports
Skipper has secured ₹1,305 crore of domestic and international transmission orders, including North American tower and monopole supplies and two 765 kV line projects, adding to a record ₹9,216.6 crore June backlog.
MTAR Technologies (NSE: MTARTECH) wins Rs 126.74cr NPCIL nuclear order
MTAR Technologies has secured ₹126.74 crore of NPCIL orders for coolant channel assemblies used in RAPS-4 and MAPS-2 refurbishment, pushing its civil nuclear order book above ₹775 crore.