The development of Suriname’s GranMorgu offshore oil field has taken a monumental step forward as TotalEnergies awarded multiple high-profile contracts for the project. With significant roles entrusted to Technip Energies, TechnipFMC, and Saipem, this initiative is poised to reshape Suriname’s energy landscape while advancing sustainable offshore oil production. Major contracts signal commitment to sustainability Technip […]
Pure Hydrogen Corporation Limited, a company focusing on clean energy solutions, has revealed plans to spin out its Australian natural gas assets into a separate publicly traded entity, Eastern Gas Limited. The proposed spinout aims to enhance shareholder value and expedite the development of key gas projects. Eastern Gas is expected to debut on the […]
ACME Sun Power Private Limited, a subsidiary of ACME Solar Holdings Limited, has secured a substantial Rs 3,753 crore term loan from REC Limited to finance its Firm and Dispatchable Renewable Energy (FDRE) projects. This funding will fuel the development of a 320 MW hybrid renewable energy project strategically located across Jaisalmer, Rajasthan, for solar […]
TotalEnergies, in line with its commitment to achieving near-zero methane emissions by 2030, has announced a significant expansion in its monitoring and reduction strategies. The company will deploy continuous, real-time methane detection equipment across all its operated upstream sites, setting a new benchmark in the energy sector’s fight against climate change. Achieving ambitious methane reduction […]
Russia’s state-owned energy giant, Gazprom, has suspended natural gas deliveries to Austria, following a high-profile payment conflict with Vienna-based OMV, one of Austria’s largest utility companies. The dispute centers around an arbitration ruling that awarded OMV €230 million in damages for prior disruptions in gas supply. OMV sought to offset this amount against ongoing payments […]
Equinor has made a major oil and gas discovery near the Fram field in the North Sea, with reserves estimated between 13 and 28 million barrels of oil equivalent (boe). The discovery, located approximately 10 kilometres north of the Troll field, was made on the Rhombi prospect and is being hailed as a crucial find […]
FuelCell Energy has announced a sweeping global restructuring plan, slashing 17% of its workforce in a bid to stabilize operations amidst mounting financial pressures. The dramatic reduction, which impacts approximately 100 employees, comes as the company struggles with declining revenue and persistent market challenges in the clean energy sector. The Connecticut-based company confirmed that the […]
Endesa Generación, a key subsidiary of Spain’s energy powerhouse Endesa, has announced a €1 billion agreement to acquire Corporación Acciona Hidráulica from Acciona Energía. The transaction includes 34 hydroelectric plants, delivering a combined capacity of 626 megawatts (MW). This monumental acquisition positions Endesa as a leader in Spain’s renewable energy sector and underscores its commitment […]
In a significant development for India’s renewable energy sector, Tata Power Renewable Energy Limited has successfully commissioned the Omkareshwar Floating Solar Project in Madhya Pradesh. With a capacity of 126 megawatts, this installation stands as the nation’s largest floating solar project, marking a significant milestone in sustainable energy advancement. A monumental leap in India’s renewable […]
Abu Dhabi-based clean energy giant Masdar, SOCAR Green, and Saudi-listed ACWA Power have signed a Memorandum of Understanding (MoU) to develop 3.5 gigawatts (GW) of offshore wind power in Azerbaijan. The planned projects mark Azerbaijan’s entry into offshore wind, a significant step toward the country’s renewable energy and decarbonization goals. The collaboration will advance renewable […]
