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Mitsubishi Electric Corporation’s $1.4 billion acquisition of PCI Energy Solutions expands its push into power-market software as utilities manage increasingly complex grids shaped by renewables, battery storage and rising electricity demand. Representative image.

Mitsubishi Electric’s $1.4bn PCI deal targets software managing 60% of US power

Johan Sverdrup crude could meet 25% of ORLEN demand under three-year agreement

Equinor strikes three-year ORLEN deal for up to 9m tonnes of crude a year

APA Group is advancing the A$259 million Sybella Creek Solar Farm and Battery Energy Storage System in Mount Isa, combining 72 MW of solar generation with a 52 MW/104 MWh battery and existing gas-fired power infrastructure under a long-term supply agreement with Ernest Henry Mining. Representative image.

APA Group (ASX: APA) commits A$259m to Mount Isa solar and battery project

A major Bay of Bengal search-and-rescue operation is underway after Panama-flagged bulk carrier MV Ocean Winner sank about 240 nautical miles off Odisha’s Paradip coast, leaving 22 of 24 crew members missing. The vessel was carrying iron ore from India to Singapore. Representative image.

MV Ocean Winner sinks off Odisha as 22 crew remain missing in Bay of Bengal

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General business news

First Community Bankshares to acquire North Carolina-based Surrey Bancorp

Virginia-based First Community Bankshares has agreed to acquire Surrey Bancorp, a bank holding company in North Carolina and…

byRaghuram Kadari

November 22, 2022

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General business news

Surrey Bank & Trust to sell SB&T Insurance to Mountcastle Insurance

North Carolina-based Surrey Bank & Trust has agreed to divest SB&T Insurance, its fully-owned subsidiary, to Mountcastle Insurance…

byPallavi Madhiraju

January 27, 2021

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