Arrow Energy, a joint venture between Shell and PetroChina, is poised to significantly boost its production capabilities with the initiation of Phase 2 of the Surat Gas Project (SGP) in Queensland, Australia. Known as SGP North, this phase marks a major scale-up in operations, promising to add over 130 terajoules of gas per day to […]
Adani Energy Solutions Limited (AESL) has unveiled its impressive financial results for Q1 FY25, showcasing significant growth in revenue, operational EBITDA, and adjusted PAT. The company’s revenue from operations surged by 47% year-on-year (YoY) to reach ₹5,379 crore, driven by increased energy demand and contributions from newly commissioned transmission assets. The operational EBITDA rose by […]
RWE and TotalEnergies have officially announced their partnership on the OranjeWind offshore wind project in the Netherlands, marking a significant step forward in renewable energy. Under the terms of the agreement, TotalEnergies will acquire a 50% equity stake in the project from RWE. OranjeWind, poised to become the first system integration project in the Dutch […]
Repsol and EDF Renewables have entered into an exclusivity agreement to collaborate on future offshore wind tenders in Spain and Portugal. This strategic partnership aims to leverage the significant growth opportunities offered by the Iberian Peninsula in the renewable energy sector. Renewable generation projects are a cornerstone of Repsol’s energy transition strategy. The company has […]
EDF Group, through its subsidiary EDF Renewables, has officially commissioned its largest wind farm in South America, Serra do Seridó, located in the state of Paraíba in Northeast Brazil. With an installed capacity of 480 megawatts peak (MWp) spread across 85 wind turbines, Serra do Seridó is set to provide enough electricity to power approximately […]
KBR, Inc. (NYSE: KBR) has been awarded a significant advisory consulting contract by Kuwait Oil Company for the development of a nationwide masterplan aimed at achieving 17 gigawatts (GW) of renewable energy and 25 GW of green hydrogen production by 2050. This groundbreaking project marks a pivotal step in Kuwait’s strategy to transition to a […]
In a strategic move to bolster its energy transition capabilities, Honeywell has announced the acquisition of Air Products’ Liquefied Natural Gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This acquisition is expected to significantly enhance Honeywell’s offerings, allowing it to provide customers worldwide with a comprehensive solution for managing […]
Shell Trinidad and Tobago Ltd., a subsidiary of Shell plc, has taken a significant step forward with its decision to develop the Manatee gas field located in the East Coast Marine Area (ECMA) of Trinidad and Tobago. This decision marks a critical phase in Shell’s strategy to expand its Integrated Gas business and leverage the […]
The European Commission (EC) has granted approval for a monumental €10.82 billion scheme to support France’s ambitious offshore wind energy projects, marking a significant stride towards achieving a net-zero economy. This decision aligns with the State aid Temporary Crisis and Transition Framework (TCTF), reflecting a committed effort to foster sustainable energy solutions. This funding initiative, […]
ACWA Power, a Saudi-listed leader in water desalination and energy transition, and a pioneer in green hydrogen, has announced the successful completion of the financial arrangements for the Tashkent Riverside project in Uzbekistan. This major initiative, valued at USD 533 million, includes the development of a 200MW solar photovoltaic (PV) plant and the largest battery […]