The Export-Import Bank of the United States (EXIM) has taken a significant step forward by approving a $500 million loan guarantee for Bapco Energies, signaling a robust commitment to supporting U.S. jobs and advancing sustainable energy initiatives. This strategic financial backing is poised to underpin approximately 2,100 jobs across Texas and various other states, aligning […]
In a move aimed at decarbonizing India’s burgeoning building infrastructure, the Mahindra Group, a leading Indian industrial giant, has joined forces with Johnson Controls (NYSE: JCI), a global pioneer in creating smart, healthy, and sustainable buildings. This partnership marks the inception of an unprecedented Net Zero Buildings Initiative targeting the decarbonization of commercial, urban residential, […]
Iberdrola, a global energy giant, has successfully finalized the sale of a significant portion of its operations in Mexico, marking a pivotal shift in its business strategy within the country. This transaction, valued at approximately $6.2 billion (€5.8 billion), entails the transfer of a 55% stake in Iberdrola’s Mexican business to a new entity, underscoring […]
In an ambitious move toward environmental sustainability and achieving its Net Zero goals, Jindal Steel & Power (JSP), a frontrunner in the Indian steel production industry, has made a significant leap by integrating electric vehicles (EVs) and solar energy into its operations. The company has recently announced the deployment of 10 electric buses and 27 […]
In a significant stride towards energy transition and carbon capture initiatives, Santos has successfully secured financing for its share of the US$220 million Moomba Carbon Capture and Storage (CCS) project located in South Australia. The financing, amounting to US$150 million with a tenure of five years, aims to cover the incurred project costs to date […]
California Resources Corporation (CRC), a leading independent energy and carbon management company, has announced a definitive merger agreement with Aera Energy, LLC, marking a significant step in the energy sector’s transition towards more sustainable practices. This all-stock transaction, valued at approximately $2.1 billion, including Aera Energy’s net debt and certain obligations, is poised to reshape […]
In a significant step towards sustainable construction and carbon reduction in the UK, Worley has announced its collaboration with Mitsubishi Heavy Industries (MHI) Group to provide Front End Engineering and Design (FEED) services for Heidelberg Materials UK’s pioneering carbon capture cement production facility in Padeswood, North Wales. This collaboration marks a critical milestone in the […]
In a significant development at India Energy Week 2024, TotalEnergies and the Oil and Natural Gas Corporation (ONGC) have inked a Cooperation Agreement that aims to revolutionize methane emissions detection and reduction in India. The collaboration will leverage TotalEnergies’ pioneering AUSEA (Airborne Ultralight Spectrometer for Environmental Applications) technology, underscoring both companies’ commitment to environmental sustainability […]
Sempra Infrastructure, a key player in the energy sector and a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), has announced a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC). This strategic move aims to cooperate on opportunities that advance the energy transition, focusing on enhancing the global energy supply chain through […]
Petrofac has initiated a multi-million-dollar front-end-engineering design (FEED) for the Aramis carbon transport and storage (CCS) system in the Netherlands. This development is a significant step towards achieving the decarbonization goals set by the European Union in the European Green Deal and the Dutch Climate Agreement. Aramis is a collaborative project involving TotalEnergies, Shell, Energie […]