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Energy Industry News
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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.
Transocean adds $1.1bn to firm backlog as Equinor and Shell contracts strengthen Norway position
Transocean adds about $1.1 billion to firm backlog through Equinor and Shell contracts. Find out what the awards could mean for RIG investors.
Devon Energy to sell Eagle Ford assets for $4.2bn as buybacks and Permian focus take priority
Devon Energy is selling its Eagle Ford assets for $4.2 billion. Find out how buybacks, debt reduction and its Permian strategy could reshape DVN.
ITM Power (AIM: ITM) cuts loss forecast by 27%, but what is driving the turnaround?
ITM Power has reduced its FY2026 adjusted EBITDA loss forecast to £20 million to £21 million without upgrading sales or cash guidance. Improving contract economics, legacy project exposure and a new publicly supported manufacturing expansion will determine whether the progress is sustainable.
Rockhopper (AIM: RKH) has $200m in fresh funding, but two Sea Lion contractor exits create a new test
Rockhopper's Sea Lion oil development still targets first production in Q1 2028 despite the operator replacing two contractors amid geopolitical pressure. A US$44 million FPSO commitment and fresh US$200 million financing strengthen the development strategy, but delivery schedules, funding conditions and execution risks remain critical.
Premier Energies (NSE: PREMIERENE) expands solar capacity to 10.6 GW, but can its profits withstand a Rs 10,000cr investment cycle?
Premier Energies has reported a 30.3% EBITDA margin, a ₹15,000 crore order book and a major increase in solar cell capacity. However, rising debt, extensive capital expenditure and a proposed 12 GWh battery storage venture raise important questions about future cash generation and profitability.
Metacon adds AEM pathway as EU backs 80% of Greek hydrogen R&D project
Metacon is adding anion exchange membrane electrolysis to its technology portfolio through a 24-month EU-backed research programme, testing whether cheaper catalysts and better durability can eventually complement its commercial alkaline and PEM systems.
Indian Energy Exchange (NSE: IEX) volumes rise 14%, but can market coupling threaten its profits?
Indian Energy Exchange traded 77.2 billion units of electricity in the first half of FY2027, but market coupling could reshape competition and weaken its price-discovery advantage. The company's transaction-fee economics, growing real-time market and regulatory exposure reveal a more complicated financial picture than rising power volumes suggest.
Athabasca Oil (TSX: ATH) trades above C$12 deal as approvals become the next test
Athabasca Oil jumped after Cenovus Energy agreed to acquire the company at C$12 per share in cash and stock, but proration, Cenovus share exposure and deal completion now matter more than standalone valuation.
Cenovus to buy Athabasca Oil for C$5.7bn as Canadian oil sands consolidation deepens
Cenovus Energy has agreed to acquire Athabasca Oil Corporation for an implied enterprise value of C$5.7 billion, adding about 45,000 barrels of oil equivalent per day and a pathway to expand thermal production to 115,000 barrels per day by 2032.