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News
23 July 2024
in
Renewables

Enagas and VERBUND to develop Spanish hydrogen projects

Enagas Renovable and VERBUND Green Hydrogen GmbH have signed a MoU to develop green hydrogen projects in Spain.This strategic cooperation will focus on developing...

News
23 July 2024
in
Transport

Trafigura secures full ownership of High Heat Tankers

Trafigura has acquired Gearbulk Holding's 50% stake in the High Heat Tankers (HHT) joint venture, giving it full ownership of the company. Trafigura has also pledged...

News
23 July 2024
in
Metals and Mining

Arafura attracts $775m for Nolans Project

Arafura has received conditional approvals from export credit agencies and commercial lenders for a targeted $775 million in senior debt funding for its Nolans...

News
23 July 2024

AI model developer startup Cohere raises $500m

Generative artificial intelligence model startup Cohere Inc. has raised $500 million in a late-stage funding round, bringing the company’s valuation to $5.5...

News
23 July 2024
in
Metals and Mining

South32 to record $818m impairment amid nickel market downturn

South32 will record $818 million in impairments in its latest fiscal results in response to pressure on its nickel and alumina businesses.The Australian metal and coal...

News
23 July 2024
in
Metals and Mining

Cyclone Metals taps $5.39m for Iron Bear project

Cyclone Metals is conducting an underwritten rights offer to raise $5.39 million for its Iron Bear project. It has previously completed a placement which raised $1.87...

News
23 July 2024
in
Oil & gas

ONGC Videsh agrees $60m deal to acquire Azeri oil stake

ONGC Videsh has agreed to acquire a 0.615% stake in Azeri Chirag Gunashli (ACG) oilfield from Equinor for $60 million. The company will also take on a 0.737% share in the...

News
23 July 2024
in
Manufacturing & equipment

H&W gets a no from UKEF

Troubled UK shipbuilder Harland & Wolff has had its application for a £200 million ($258 million) UKEF export development guarantee declined.According to...

News
23 July 2024
in
Renewables

Jakson Green raises $35m credit facility from First Abu Dhabi Bank

Jakson Green, a Dubai-based renewable energy firm, has secured a INR2.96 billion ($35.4 million) credit facility with First Abu Dhabi Bank. The financing will...

News
23 July 2024
in
Oil & gas

Azerbaijan scales back plans for European gas exports

Azerbaijan has scaled back plans to export gas to Europe and called on the EU to be more active in its support for long-term financing. President Ilham Aliyev told a...

News
23 July 2024
in
Other

More SMEs should tap UKEF’s GEF, says Azets

UKEF needs to raise awareness of its General Export Facility (GEF) to further UK exporters, specifically SMES, according to Russell Turner, regional managing director for...

News
23 July 2024
in
Metals and Mining

BHP to suspend operations at Western Australia Nickel

BHP will suspend operations at Western Australia Nickel from October 2024 in response to adverse market conditions. This includes the West Musgrave project and the Nickel...

News
23 July 2024
in
Infrastructure

BNDES announces two major infrastructure financings

BNDES has announced two large financing packages for the equivalent of $2.7 billion to support local infrastructure company CCR and aircraft manufacturer Embraer.BNDES...

News
23 July 2024
in
Oil & gas

Dangote refinery looks to secure Libyan oil to offset local supply issues

Nigeria's Dangote refinery is in talks with Libya and Angola to secure crude oil as it grapples with problems in domestic supply. The $20 billion plant is...

News
23 July 2024
in
Oil & gas

Tenaz Energy seals $180m deal for Dutch North Sea assets

Tenaz Energy has agreed to acquire NAM Offshore BV from a JV owned by Shell and ExxonMobil for €165 million ($180.33 million). NAM Offshore operates the Groningen...

News
23 July 2024
in
Oil & gas

Mozambique LNG costs expected to soar by up to $4bn

Bharat Petroleum Corporation (BPCL), an Indian state oil company, has estimated that costs at the Mozambique Cabo Delgado LNG project will increase by up to $4...

News
23 July 2024
in
Infrastructure

JICA provides ODA loan for Cambodian road project

JICA has signed a JPY8.293 billion ($53 million) ODA loan agreement with the Cambodian government for the National Road No.5 Improvement Project (Thlea...

News
23 July 2024
in
Metals and Mining

Saudi Arabia tendering new mineral licenses

Saudi Arabia’s Ministry of Industry and Mineral Resources has opened bidding for five new mineral exploration licenses.The Jabal Sayid site will include three...

News
23 July 2024
in
Oil & gas

Woodside acquires Tellurian

Subsidiaries of Woodside Energy have entered onto an agreement to acquire all the outstanding shares of Tellurian (developer of the Driftwood LNG project) for $1.00 per...

News
23 July 2024
in
Renewables

SIDBI gets GCF backing for FMAP

The Small Industries Development Bank of India (SIDBI) has raised a $215.6 million loan from Green Climate Fund for one of its projects. The funding will be used to...