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Energy Industry News
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ITM Power (AIM: ITM) advances 150 MW hydrogen project as Hydropulse targets recurring revenue
ITM Power's proposed European refinery hydrogen project introduces a potential 10-year revenue stream, although final investment approval, customer agreements and project financing remain outstanding.
Northland Power closes PLN500m debt for 300 MW/1.2 GWh Poland battery portfolio
Northland Power has completed financing for two Polish four-hour battery projects totaling 300 MW/1.2 GWh, combining PLN500 million of debt, PLN280 million of grants and already-funded equity.
Chevron just put its CFO in charge of oil and gas. Is Eimear Bonner being tested for the top job?
Chevron Corporation is reshuffling three senior executives from January 1, 2027, moving Chief Financial Officer Eimear Bonner into responsibility for its global oil, products and gas business while Jeff Gustavson takes over finance. Vice Chairman Mark Nelson will shift toward strategy and business development. The changes arrive as investors increasingly focus on eventual succession to Chief Executive Officer Mike Wirth, making the appointments strategically important beyond their immediate operating responsibilities.
Energy Transfer to buy Vaquero for $2.63bn as Permian gas infrastructure race accelerates
Energy Transfer is acquiring Vaquero Midstream for $2.625 billion to add 675 million cubic feet per day of Delaware Basin gas-processing capacity and secure more volumes for its downstream pipeline, liquids and export network.
Apollo enters Uniper auction as Germany looks to unwind its 99% energy rescue stake
Apollo Global Management has reportedly submitted a non-binding bid for German energy group Uniper as Berlin prepares to reduce its 99.12% holding and potentially return one of Europe’s largest state-rescue assets to private ownership.
SLB secures 15-year TotalEnergies DrillPlan mandate as digital margins outpace drilling
SLB has secured a 15-year agreement to deploy DrillPlan across TotalEnergies' global upstream portfolio, strengthening its position in enterprise energy software. The award builds on a wider digital collaboration as SLB's Digital division delivers 18% annual revenue growth and substantially higher margins than its traditional well construction business, although the contract's financial value and performance targets remain undisclosed.
Oswal Pumps redirects IPO capital into Rs 456cr solar-cell plant as DCR rules reshape expansion
Oswal Pumps is planning a ₹455.85 crore 1.2 GW TOPCon solar-cell plant at Karnal, replacing parts of its previously planned module, EVA encapsulant and aluminium-frame expansion as domestic cell availability becomes strategically critical.
INNIO commits 450MW of engine capacity to Aggreko as $6.6bn backlog tests manufacturing scale
INNIO has extended its engine supply partnership with Aggreko through 2031, committing at least 450MW of Jenbacher manufacturing capacity for 2027 and expanding its service relationship. The agreement strengthens future demand visibility as data-centre power requirements accelerate, but the distinction between reserved capacity, actual deliveries and profitable revenue remains central to the investment outlook.
Aditya Birla reportedly seeks $1.5bn rupee loans for Shell renewables acquisition
Aditya Birla Renewables is reportedly shifting toward longer-dated project-level rupee debt before completing its acquisition of Shell’s Sprng Energy platform, potentially lowering financing costs while distributing borrowings across individual renewable assets.
KEC International just won Rs 1,014cr of orders. Why its first pumped-storage grid project matters more than the number
KEC International has secured ₹1,014 crore of domestic transmission and distribution orders, including its first 765 kV line for evacuating electricity from a pumped-storage plant, pushing FY27 order intake above ₹9,600 crore just days after another major order announcement.