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04 April 2024

Citi, JP Morgan and RBC to offer up climate metrics

Citigroup, JP Morgan and Royal Bank of Canada (RBC) will disclose a new climate metric under agreements with New York City Comptroller Brad Lander, who oversees public...

04 April 2024
in
Renewables

EverWind Fuels completes Point Tupper hydrogen FEED work

EverWind Fuels has completed the front-end engineering design (FEED) work for the Point Tupper green hydrogen project. According to EverWind, this marks the first...

04 April 2024
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Oil & gas

Iraq approves $3.25bn loan guarantees for gas field development

Iraq has issued sovereign guarantees totalling $3.25 billion for the development of the Nahr Bin Umar gas field. Halfaya Gas Company, the project SPV, has also been...

04 April 2024
in
Oil & gas

Mozambique awards oil exploration contracts to CNOOC

Mozambique has awarded five offshore oil & gas exploration contracts to China National Offshore Oil Corporation (CNOOC). The agreement is comprised of two...

04 April 2024
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Renewables

Akfen adding solar to Ucpinar wind

Akfen Renewable Energy is adding a 40MWp hybrid solar plant as an auxiliary source to its 99MW Ucpinar wind project in Cannakale, Turkey. ASUNIM has been awarded the EPC...

04 April 2024
in
Oil & gas

BlackRock, KKR sell stake in Adnoc pipeline

BlackRock Inc. and KKR & Co have sold their 40% stake in Adnoc’s oil pipeline network to Abu Dhabi-based Lunate, five years after acquiring the asset.The deal...

04 April 2024

Goldberg joins Akin in Houston

Ian Goldberg has joined Akin’s Houston office from Hunton Andrews Kurth, where he led the firm’s Energy Transactions practice.Goldberg advises on a broad...

04 April 2024
in
Oil & gas

Gunvor announces fall in net profits for 2023

Gunvor has revealed that its net profits nearly halved in 2023 as commodity price volatility fell away. The trader posted roughly $1.25 billion after taxes, down from...

04 April 2024
in
Oil & gas

PRL looks to progress refinery upgrade

Pakistan Refinery Limited (PRL) has announced its intention to sign a supplemental agreement with the government to upgrade its refinery, aiming to leverage maximum...

04 April 2024
in
Transport

MOL secures VLCC financing

Japan's Mitsui OSK Lines has secured financing with Sumitomo Mitsui Trust Bank for an LNG dual-fuel very large crude carrier (VLCC). Kawasaki Heavy Industries and...

04 April 2024
in
Renewables

Capital raising for HAU Energy underway

The EBRD, in collaboration with Meridiam and Hassan Allam Utilities (HAU), are raising capital in HAU Energy BV, a new platform established to invest in renewable energy...

04 April 2024
in
Metals and Mining

Caledonia Mining looking to African development banks

Caledonia Mining Corporation claims its upcoming $250 million gold mine in Zimbabwe is likely to receive funding from African development banks. The company, which owns...

04 April 2024

EBRD backs Tasaheel Microfinance

The EBRD has approved a senior unsecured loan of up to EGP700 million ($14.7 million) for Tasaheel Microfinance under the Egypt Women in Business programme to support...

04 April 2024
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Oil & gas, Power

EU bids to ban fossil fuels from OECD Arrangement

The EU has tabled a proposal to ban ECA support for fossil fuel projects through an amendment to the OECD Arrangement. Under the terms of the amendment, ECAs would...

04 April 2024
in
Chemicals/Petrochemicals

Jubail Chemical Industries signs Saudi Exim financing

Jubail Chemical Industries has signed a short-term SAR35 million ($9.3 million) facility agreement with Saudi Exim. The Murabaha deal will support working capital,...

04 April 2024
in
Renewables

GuarantCo supports Africa GreenCo to boost renewables

GuarantCo has provided Africa GreenCo with a $27 million guarantee facility to bolster purchases of renewable power. Guarantees have been issued directly to the...

04 April 2024
in
Metals and Mining, Renewables

US Steel signs carbon capture agreement

US Steel has signed an agreement with CarbonFree Chemicals to capture carbon dioxide from its Indiana steel facility.CarbonFree will deploy its SkyCycle modular...

04 April 2024
in
Metals and Mining

Euro Manganese receives environmental permit for Chvaletice project

Euro Manganese has received environmental and social impact assessment approval for its Chvaletice Manganese project from the Czech Ministry of Environment.The project...

04 April 2024
in
Renewables

Husk Power secures $20m debt financing from EIB

Husk Power Systems has obtained $20 million in corporate debt from the EIB as part of its plans to scale operations in Nigeria. The deal is the largest EIB debt financing...

03 April 2024

Standard Chartered reshuffles

Standard Chartered has picked new regional heads as it undergoes a major management reshuffle in its corporate and investment banking business (CIB).Reuters sources...