Woodside Energy Group, the Australian energy powerhouse, has officially closed its $1.2 billion acquisition of US-based Tellurian Inc. and its major Gulf Coast liquefied natural gas (LNG) project, Driftwood LNG. The deal, announced earlier in July 2024, concluded with an all-cash transaction amounting to approximately $900 million, alongside assumed debt, valuing the total enterprise at […]
Apollo Global Management Inc. has announced that funds managed by the company, referred to as the “Apollo Funds,” will acquire a non-controlling stake in bp Pipelines TAP Limited, a subsidiary of bp that holds a 20% share in Trans Adriatic Pipeline AG (TAP). The transaction, valued at around $1 billion, allows Apollo to gain exposure […]
British energy giant bp and Spanish utility Iberdrola have officially approved the construction of Spain’s largest green hydrogen plant. The 25 megawatt (MW) facility, set to be operational by the latter half of 2026, will be located at bp’s Castellón refinery. This marks the first collaborative hydrogen initiative by the two companies through their joint […]
Despite the growing momentum toward renewable energy and the global push for decarbonization, interest in oil and gas exploration on the Norwegian Continental Shelf remains robust. The Norwegian Petroleum Directorate reported a steady influx of applications from oil and gas companies looking to secure new exploration licenses, underscoring the region’s continued appeal for fossil fuel […]
Hunting PLC, a global precision engineering group listed on the London Stock Exchange (LSE: HTG), has secured significant contracts worth up to $60 million over a five-year period to deliver Organic Oil Recovery (OOR) technology to major North Sea operators. This move marks a substantial step in the company’s strategic plan, underscoring its commitment to […]
ProtonH2 has announced a major milestone for its ambitious Project Apollo, a cutting-edge initiative poised to produce 500 tons of low-carbon intensity (CI) hydrogen per day at a cost of less than $1.00 per kilogram. Situated in the Kerrobert area of Saskatchewan, Canada, the project signifies a pivotal step in ProtonH2’s mission to revolutionize the […]
Apricus Generation, a US-based burgeoning holding company committed to developing a national platform for distributed solar and battery storage, has successfully closed its Series A funding round, drawing in substantial backing from Blue Marlin Partners and Current Yield with Participation (CYwP) Fund. The latest capital influx has pushed Apricus Generation beyond its initial target, as […]
OMV (Norge) AS has announced a significant gas discovery in the Norwegian Sea, further solidifying its position as a key energy supplier in Europe. The deepwater exploration well, located approximately 300 kilometers west of the Norwegian mainland and 65 kilometers from the Aasta Hansteen field, has revealed preliminary recoverable volumes of up to 140 million […]
Kistos Holdings plc (LON: KIST) has announced a significant strategic expansion within the Greater Laggan Area (GLA), located west of the Shetlands, UK. Partnering with TotalEnergies SE, Kistos has been awarded seven new blocks following the 33rd Offshore Licensing Round. This acquisition further cements Kistos’ presence in one of the most productive and strategically important […]
PETRONAS, the Abu Dhabi National Oil Company (ADNOC), and Storegga have announced a significant Joint Study and Development Agreement (JSDA) to enhance carbon dioxide (CO2) emissions storage capabilities in the Penyu basin, offshore Peninsular Malaysia. This landmark agreement aims to achieve a CO2 capture and storage capacity of at least 5 million tonnes per annum […]