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30 May 2024
in
Renewables

EU green lights €1.4bn in state subsidies for hydrogen projects

The European Commission has agreed state subsidies for a range of projects aimed at using hydrogen to replace fossil fuels in tranport.Airbus, BMW and Michelin are among...

30 May 2024
in
Metals and Mining

BHP walks away from $49bn pursuit of mining rival Anglo

BHP has walked away from its $49 billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week...

30 May 2024
in
Oil & gas

Aethon to buy Tellurian’s upstream assets in $260m deal

Aethon Energy Management will acquire Tellurian’s integrated upstream assets for $260 million. The two companies also signed a Heads of Agreement for Aethon to...

30 May 2024
in
Oil & gas

ConocoPhillips to acquire Marathon in $22.5bn all-stock deal

ConocoPhillips has agreed to acquire US rival Marathon Oil in an all-stock deal valued at $22.5 billion. The valuation includes the assumption of $5.4 billion in net...

30 May 2024
in
Renewables

STX Commodities to upsize borrowing base

STX Commodities is in talks to refinance its €150 million ($162 million) borrowing base. The initial deal, announced in April 2023, had a one year tenor and was...

30 May 2024
in
Metals and Mining

McEwen raises funds for Fox Complex

McEwen Mining has priced a public financing to fund continued exploration and development at the Fox Complex in the Timmins region of Ontario.Part 1 of the financing...

30 May 2024
in
Other

Invent and AFI develop credit insurance product for Zimbabwe-bound exports

Zimbabwean actuarial consultancy firm, Invent Multiple Agents and Actuaries, is in the process of developing a trade credit insurance product for Zimbabwe bound exports...

30 May 2024
in
Metals and Mining

Berkeley seeks $1bn from Spain in dispute over Retortillo uranium mine

Berkeley Energia has initiated arbitration proceedings against Spain, claiming violations of the Energy Charter Treaty and seeking $1 billion in damages, regarding a...

29 May 2024
in
Renewables

Turk Eximbank taps two DFI-backed loans

Turk Eximbank signed two separate DFI-backed loans to finance on-lending to Turkish enterprises to support their green transition this month.The first, a 10-year...

29 May 2024
in
Transport

Scorpio Tankers ask lenders for early repayment for $1bn facility

US-listed Scorpio Tankers has asked lenders if it can repay part of a $1 billion facility. Scorpio already made an unscheduled $223.6 million repayment for part of a term...

29 May 2024

Anglo rejects BHP's last-ditch attempt to continue takeover talks

Anglo American has rejected BHP Group's last-ditch request for more time to discuss a $49 billion takeover offer, dismissing it as highly complex and likely ending a...

29 May 2024
in
Agri/Soft Commodities, Manufacturing & equipment

SACE, IFFCO partner on landmark Islamic finance facility

SACE is partnering with UAE-based IFFCO Group in its first Islamic facility under its Push Program to support the Italian food and beverage value chain.For the first time...

29 May 2024

AD Ports, Transmar and Orascom plan green methanol storage

AD Ports Group, Transmar and Orascom Construction have signed a MoU for the development of a green methanol storage and export facility in Egypt.The facility will aim to...

29 May 2024

NEXI, IFC, MIGA bolster funding in developing countries

MIGA and IFC signed three-year cooperation agreements with Japanese ECA NEXI to promote foreign direct investment in developing countries.  The cooperation between...

29 May 2024
in
Renewables

Ireland launches second phase of SRESS scheme

The Irish government has launched the second phase of the Small-Scale Renewable Electricity Support Scheme (SRESS) for projects with capacities of 50kW to 6MW.This phase...

29 May 2024
in
Infrastructure, Oil & gas

Sidney hires Stephen Boone from Akin Gump

Stephen Boone Jr. has joined Sidney's Houston office as a partner in the firm’s Energy, Transportation, and Infrastructure group. He joins Sidley from Akin...

29 May 2024
in
Oil & gas

KOMIPO and Vitol extend long-term LNG supply contract

Korea Midland Power Co (KOMIPO) Vitol have agreed to extend an existing long-term LNG supply and purchase agreement. Under the extension agreement, Vitol will supply...

29 May 2024
in
Oil & gas

Glenfarne seeks more time to build Texas LNG terminal

Glenfarne has requested more time from the US FERC to build and place in service its 4 mtpa Texas LNG export project in Brownsville.According to a filling dated May 24,...

29 May 2024
in
Oil & gas

FID taken for Atapu-2 and Sepia-2 oil developments

TotalEnergies, Petrobras and their partners have taken a FID for the second development phase of Atapu and Sepia fields, located in the Santos Basin, Brazil.The Atapu...

29 May 2024
in
Metals and Mining

Kanyika capital funding requirements finalised at $46m

Globe Metals and Mining has reported that capital funding requirements for Phase 1 project development at its Kanyika Niobium project, in Malawi, have been finalised at...