Tim Beech and Regina Lui have joined US law firm Reed Smith as corporate finance partners across its Asian offices from A&O Shearman. Beech was joint managing partner of the firm's Singapore office and also headed its corporate trust and agency practice in the Asia-Pacific region. He... More

The Norwegian government has formally launched its first floating wind tender for three areas in the Utsira Nord wind energy area.The Ministry of Energy will hold an initial qualitative competition for the award of project areas in Utsira Nord and then conduct a state aid auction. Aid will be... More

TotalEnergies has signed an SPA with Ksi Lisims LNG for the purchase of 2 million tonnes per year of LNG for 20 years from the future liquefaction plant, subject to the final investment decision of the project.In parallel, TotalEnergies acquires a 5% stake in Western LNG, the developer, shareholder,... More

Sun King has secured an $80 million, fully Naira-denominated loan facility to scale access to off-grid solar energy in Nigeria. The financing from IFC and Stanbic IBTC Bank enables households and small businesses to adopt clean, reliable solar power without prohibitive upfront costs.By combining... More

Ontier has hired Manuel Mingot as a partner in its banking & finance department.With more than 25 years of experience, he has developed his career in national and international firms such as Cuatrecasas, Broseta or Squire Patton Boggs, where for more than nine years he has been the partner... More

Joint venture partners Equinor and Polenergia have taken final investment decisions for the Baltyk 2 and Baltyk 3 offshore wind farms, ahead of full-scale construction. The total investment of the project is PLN27 billion ($7.15 billion) excluding financing costs. Further details of the project... More

Equinor’s Empire Offshore Wind has been informed by the Bureau of Ocean Energy Management (BOEM) that the stop work order has been lifted for the Empire Wind project.Following the lifting of the order, construction activities can now be resumed on the offshore wind project. Equinor will... More

Stonepeak and Energy Equation Partners (EEP) have agreed to acquire a majority interest in JET Tankstellen Deutschland GmbH from a  Phillips 66 (PSX) subsidiary.The transaction values the business at an enterprise value of €2.5 billion ($2.8 billion). Phillips 66 will retain a 35% minority... More

Santos' A$3.6 billion (about $2.3 billion) Narrabri gas project in Australia can proceed, a tribunal ruled, as boosting domestic energy supply outweighed concerns the development would hurt the climate and damage Indigenous heritage sites.The decision follows a decade-long fight over the grant... More

Chile's Codelco will partner with Rio Tinto for its new Maricunga lithium project, bringing a major new player into the sector in the world's second-largest producer of the EV battery metal.The partnership means Rio Tinto will break into a sector dominated for years in Chile by local miner... More

The Swedish government has expanded the framework for special export credit guarantees to facilitate business with Ukraine. The aim is to enable more companies to export to Ukraine, thereby supporting the country’s reconstruction.EKN has already raised the guarantee coverage for exports to... More

TotalEnergies will seek Mozambique's approval to lift a force majeure declaration on its $20 billion LNG project there and resume construction by mid-summer.Covered by force majeure since 2021, following insurgent attacks, the project includes development of the Golfinho and Atum natural gas... More

Manuka Resources’ subsidiary Trans-Tasman Resources says its application for the Taranaki VTM project in New Zealand has been accepted by the Environmental Protection Authority (EPA).The company will now progress the project towards securing fast-track approvals from the government. The... More

Kingston Resources has struck a binding agreement to divest its Misima gold project, in Papua New Guinea, to Ok Tedi Mining for $95 million.The transaction includes $50 million payable on completion, $10 million 12 months post-completion, a further $10 million upon a final investment decision to... More

ITFC has signed a €106 million ($118.7 million) deal with Societe Burkinabe des Fibres Textiles (SOFITEX) to support Burkina Faso's cotton campaign.This signing is in line with the $900 million framework agreement signed in May 2023 between ITFC and Burkina Faso. The new funding contributes... More

National Grid has reported an impairment charge of £303 million ($403 million) in FY24/25 due to a pause of its offshore wind development.The impairment reflects current US policy uncertainties and the impact on the company’s offshore wind generation projects in the northeastern US. In... More

A request for proposal process has been launched to inform the FEED study for a fully integrated green hydrogen project at the East London Industrial Development Zone (ELIDZ), in the Eastern Cape, South Africa.Green Hydrogen Solutions, through its project company GHS Green Hydrogen ELIDZ, is seeking... More

Export-Import Bank of India is set to provide a $700 million line of credit to the Mongolian government to fund construction of a crude oil refinery plant in the East Asian country.The project in Altanshiree, Dornogovi Province will be the first greenfield oil refinery in Mongolia and will process... More