Saipem and Subsea7 have signed a binding merger agreement to create Saipem7, a new global leader in energy services with an order backlog of €43 billion. Under the proposed terms, Saipem7 will remain headquartered in Milan and listed on both the Milan and Oslo stock exchanges. Shareholders... More

The Salamander Offshore Wind Farm has received Section 36 Consent and associated marine licences from the Scottish Government.This grants the developers approval to build and operate the floating wind array off the coast of Peterhead. The project, a joint venture between Orsted, Simply Blue Group... More

Africa Finance Corporation has closed and disbursed €75 million of an €85 million (almost $100 million) sovereign facility to government of Angola.The funding to the Ministry of Finance will support the construction of 186 priority bridges and critical upgrades to the national road... More

BP has formally exited the Australian Renewable Energy Hub (AREH), a giant green hydrogen and renewables project in the Pilbara region.The company said its departure from the $36 billion (A$54.4 billion) venture, which it joined in 2022 with a 40.5% stake and operatorship, is part of its broader... More

Philippe Dessèvre has taken the role of CEO of Euler Hermes Reinsurance and member of the management board as founder Benoît des Cressonnières retires. Des Cressonnières had been at EH Re for a quarter of a century, initiating the reinsurance arm of Euler Hermes... More

EPC contractor MT Group has awarded a supply contract to IMI, a manufacturer of electrolyser systems, for the delivery of a 3MW PEM electrolyser. The unit will be deployed at the Vilnius Green Hydrogen Production Facility currently under construction.The facility is being developed by Vilnius... More

Torngat Metals has penned a C$110 million (about $73 million) bridge loan facility agreement with Export Development Canada, and a loan commitment of up to C$55 million from the Canada Infrastructure Bank to support the next phase of its Strange Lake project in Nunavik, northern Quebec.The C$165... More

The UK Government has issued a Pot and Price Notice for Contracts for Difference (CfD) in the renewable energy Allocation Round 7 (AR7).This notice applies to both allocation round 7 for offshore wind (Pot 3) and floating offshore wind (Pot 4), and allocation round 7a for all other eligible... More

Teck Resources has approved a C$2.1 billion–C$2.4 billion ($1.6 billion-$1.8 billion) project to extend the life of its Highland Valley Copper Mine (HVC) in British Columbia, securing operations at Canada’s largest copper mine into the mid-2040s.Construction on the mine life extension is... More

Capricorn Metals and Warriedar Resources have announced a binding scheme implementation deed under which Capricorn will acquire 100% of the securities in Warriedar by way of a Court-approved scheme of arrangement.This acquisition is structured to provide Warriedar shareholders with a fixed exchange... More

Afreximbank has signed an agreement to avail a $75 million five-year cross-currency swap to the Central Bank of The Gambia (CBG) for the financing of strategic projects undertaken via the National Roads Authority (NRA).Afreximbank will use the local currency proceeds to purchase NRA-issued bonds,... More

Air Liquide has taken a final investment decision to launch the construction of ELYgator, a 200MW electrolyser project in Maasvlakte, in the Port of Rotterdam.The decision follows support from the Dutch government through the OWE subsidy scheme, complementing prior support from the European... More

Malta has received three applications in its first offshore wind tender which will grant a concession for a floating wind project of around 300MW.The pre-qualification submission period concluded with three bidders: Code Zero Consortium led by SEP (Malta) Holding, Atlas Med Wind led by Italy’s... More

India’s largest importer of natural gas Petronet LNG is seeking a loan of at least INR120 billion ($1.4 billion) for a new petrochemical plant and an LNG terminal, according to people familiar with the matter.Local lenders including Axis Bank, State Bank of India and Union Bank of India are... More

Fortescue has cancelled two green hydrogen projects in the US and Australia, despite both having passed final investment decision, citing shifting policy landscapes and a retreat from its electrolyser ambitions.New CEO for Growth and Energy, Gus Pichot, told investors that the firm would not... More

EIB and Eni have signed a €500 million (about $587 million) 15-year finance contract to support the conversion of Eni's Livorno refinery in Tuscany into a biorefinery. Eni's project involves the construction of new plants to produce hydrogenated biofuels at the Livorno refinery... More

Banco do Brasil and Italy's CDP have formalised a €250 million (about $294 million) financing benefiting from an 80% guarantee by Sace.The operation aims to strengthen Banco do Brasil's credit lines for projects with environmental and social objectives, reserving a share of €125... More

Equinor has included a $955 million impairment related to its Empire Wind projects in the US in its second quarter results of 2025.Of the total impairment, $763 million is attributed to the Empire Wind 1 and South Brooklyn Marine Terminal project, currently under construction, while $192 million... More