Gunvor Group, a leader in global energy commodities trading, in collaboration with Quercus Real Assets Limited, a London-based renewable specialist, has unveiled a groundbreaking partnership aimed at developing up to 3 gigawatts (GW) of solar photovoltaic (PV) capacity across Italy. This initiative marks a significant commitment by both entities to accelerate the Energy Transition by […]
In an exhilarating development for Morocco’s energy sector, Chariot Limited (AIM: CHAR), an Africa-focused transitional energy group, proudly announced a pivotal Heads of Terms agreement with Vivo Energy. This landmark agreement outlines a visionary strategy to harness natural gas for Morocco’s burgeoning industrial energy demands, showcasing a potent blend of domestic gas commercialization and cutting-edge […]
Aramco, a global leader in integrated energy and chemicals, has announced a significant investment in HORSE Powertrain Limited, acquiring a 10% equity stake for €740 million. This strategic move, part of a broader €7.4 billion enterprise valuation deal, involves purchasing shares equally from Renault Group and Geely, each retaining a 45% stake. This transaction is […]
In a significant move towards sustainable energy, the European Investment Bank (EIB) has partnered with Cepsa to fund the construction of a pioneering advanced biofuels plant. The €285 million loan agreement facilitates the establishment of this facility adjacent to the La Rábida Energy Park in Andalusia, aiming to boost the region’s economy and advance Europe’s […]
SLB (formerly Schlumberger) has announced a significant contract award from Equinor for the front-end engineering design (FEED) of a 12-well, all-electric Subsea Production System (SPS) in the Fram Sør field, offshore Norway. This landmark project marks a crucial step in the fast-tracked global adoption of electric subsea technology, aiming to revolutionize subsea operational efficiency, increase […]
Uniper has announced a substantial investment of around €250 million to re-commission the Happurg pumped storage plant, located east of Nuremberg, Bavaria. This initiative marks a significant step in bolstering the reliability of energy infrastructure in the region and supports Uniper’s shift towards renewable energy sources. The Happurg facility, which boasts a capacity of 160 […]
Global investment firm Carlyle (NASDAQ: CG) has entered into a definitive agreement to acquire a substantial portfolio of gas-weighted exploration and production (E&P) assets across Italy, Egypt, and Croatia from Energean plc, a company renowned for its focus on Mediterranean resources. This acquisition, pending regulatory approvals, involves assets projected to produce about 47,000 barrels of […]
British multinational oil and gas company, bp plc, has agreed to acquire Bunge Ltd.’s 50% interest in their joint venture, bp Bunge Bioenergia S.A., for an enterprise value of approximately $1.4 billion. This acquisition will position bp as the sole owner of one of Brazil’s leading biofuels-producing companies, significantly enhancing its industrial-scale sugarcane and ethanol […]
Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has agreed to acquire Pavilion Energy Pte. Ltd. from Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek. The deal involves acquiring 100% of Pavilion Energy’s shares, significantly enhancing Shell’s position in the liquefied natural gas (LNG) market. Pavilion Energy is recognized for its […]
In a significant development for European energy infrastructure, Hitachi Energy has been selected by Terna, the Italian Transmission System Operator, and Électricité de France (EDF), the integrated French energy company, to implement its advanced high-voltage direct current (HVDC) technology. This project, named Sa.Co.I.3 (Sardinia – Corsica – Italy), aims to enhance the electrical connection between […]