Exceleron Software and PayGo Utilities have announced their merger to create Empower Grid Holdings (“EGH”), a new powerhouse in the utility billing solutions sector. The merger, backed by strategic investors including Moore Strategic Ventures, Bahman Hoveida’s Accurant International LLC, and Avista Development, Inc., a wholly owned subsidiary of Avista Corp., aims to enhance service offerings […]
Anglo American plc announces a comprehensive strategy to streamline its portfolio and enhance shareholder returns. The plan emphasizes a focus on world-class assets in copper, premium iron ore, and crop nutrients. Anglo American plc has unveiled a decisive strategy to unlock significant value from its portfolio, aiming to deliver stronger shareholder returns. Following a comprehensive […]
Mubadala Energy, the Abu Dhabi-headquartered international energy company, has made headlines with its latest gas discovery at the Tangkulo-1 exploration well, situated approximately 65 kilometers offshore North Sumatra, Indonesia. This marks the company’s second successful deepwater exploration, following the recent major discovery at Layaran-1 in the same region. Details of the Gas Discovery The Tangkulo-1 […]
The Australian Government, under the guidance of Minister for Resources and Northern Australia Madeleine King, has unveiled the Future Gas Strategy, a comprehensive plan outlining the crucial role of gas in Australia’s transition to a net zero emission economy by 2050. This strategic framework is aimed at securing affordable gas supplies while advancing towards a […]
Baker Hughes (NASDAQ: BKR), a global leader in energy technology, has announced a significant order from engineering firm Worley, acting on behalf of Saudi oil giant Aramco, to supply advanced gas technology equipment for the third phase of Saudi Arabia’s Master Gas System (MGS) project. This order, recorded in the first quarter of 2024, is […]
SDX Energy has announced a major step in its strategic realignment with the execution of a binding sale and purchase agreement (SPA) for the disposal of its West Gharib interests in Egypt. The transaction, valued at approximately US$6.6 million, involves the sale of 50% stakes in both Brentford Oil Tools LLC and the Exploration and […]
In a landmark agreement that underscores the growing momentum of the renewable energy sector in Europe, RWE Renewables and the Nordex Group have announced a multi-year contract for the supply of wind turbines, totaling a capacity of 800 megawatts (MW). This significant deal, unveiled at the WindEurope conference in Bilbao, marks a pivotal step towards […]
In a strategic expansion of its portfolio, Novolecs Innovative Electrical Solutions (“Novolecs”) has successfully acquired the bus duct and auxiliary electrical equipment facility in Saint-Augustin-de-Desmaures, along with the entire intellectual property portfolio of the Stace group. This move is aimed at leveraging the plant’s specialized capabilities in designing and manufacturing low and medium voltage auxiliary […]
Shell plc has shared its first energy transition update since the unveiling of its ambitious Powering Progress strategy in 2021. At the Capital Markets Day in June 2023, Shell highlighted its dual focus on delivering greater value with reduced emissions. This latest update zooms in on the strides made towards achieving “less emissions,” in line […]
Texas LNG, poised to become a leading four million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal in the Port of Brownsville, has achieved a significant milestone by receiving sufficient expressions of interest from top project finance banks. This development ushers the project, a subsidiary of Glenfarne Energy Transition, LLC, into the execution […]
