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08 October 2024
in
Power

Gunvor seals deal for 75% stake in Bilbao power plant

Gunvor has completed the acquisition of a 75% ownership stake in Bahia De Bizkaia Electricidad (BBE), a 785MW combined cycle power plant located in Bilbao, from bp.The...

08 October 2024
in
Renewables

Denmark postpones green hydrogen transmission roll-out to Germany

Denmark will postpone the roll-out of a green hydrogen transmission pipeline between western Denmark and northern Germany by three years to 2031 from 2028.Denmark has...

08 October 2024
in
Oil & gas

BP ‘abandoning plan to cut oil output’ angers green groups

BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence,...

08 October 2024
in
Renewables

ENGIE secures €500m sustainability-linked loan

ENGIE has secured a green and sustainability-linked loan of €500 million ($534 million).The financing - from IFC, AIIB and Proparco - includes climate targets as...

08 October 2024
in
Renewables

Winner of subsidies at pilot European Hydrogen Bank auction pulls out

One of the developers awarded subsidies under the pilot European Hydrogen Bank auction in April has withdrawn from the process – but the six remaining winners have...

08 October 2024
in
Other

IFC and Banco Safra to expand trade finance in Brazil

Brazil's Banco Safra has joined IFC's Global Trade Finance Program and became one of 250+ issuing bank partners of IFC under this program.The trade finance...

08 October 2024
in
Renewables

Trafigura executes first wind power purchase agreements in North America

Trafigura has executed its first wind power purchase agreements in North America, accounting for at least 50% of the as-generated energy and renewable energy credits,...

08 October 2024
in
Metals and Mining

Generation Mining gets Canada support for Marathon project

Generation Mining PGM has been awarded up to $771,000 ($565,119) from the Critical Minerals Infrastructure Fund (CMIF).The CMIF is a key program under the Canadian...

08 October 2024
in
Renewables

Ukraine’s gas grid welcomes first biomethane supply

Ukraine has successfully supplied biomethane to its gas transmission system for the first time.The VITAGRO group of companies, working in collaboration with Gas...

08 October 2024
in
Metals and Mining

Falco Resources extends senior debts

Falco Resources has extended the maturity date of its convertible secured senior loan with Osisko Gold from December 31, 2024 to December 31, 2025. The company also...

08 October 2024
in
Metals and Mining

Takeovers Panel backtracks on ERA offer

The Takeovers Panel has made a U-turn on its stance towards a planned A$800 million (about $539 million) entitlement offer by former uranium miner Energy Resources of...

07 October 2024
in
Other

Craig Weeks joins BAFT as senior VP of trade

BAFT has appointed Craig Weeks as its new senior vice president of trade. Weeks, who joined BAFT this week, will lead the association’s trade-focused policy,...

07 October 2024

Exile Asia: Collaboration for energy transition

There was a clear mantra echoing through the conference plenary room at Exile Asia: Agency, Energy and Infrastructure Finance last week. Collaboration, collaboration,...

07 October 2024

Kexim and K-Sure chiefs to join Exile Global 2025

TXF is delighted to announce that Exile Global 2025 will feature Youngjin Jang, Chairman & President of Korea Trade Insurance Corporation (K-SURE), and Yoon Hee-sung,...

07 October 2024
in
Oil & gas

JERA closes $1.5bn RCF to support LNG trading

JERA Global Markets has closed its one-year syndicated revolving credit facility at $1.495 billion. The deal involved 30 lenders, including ten newcomers.The RCF will be...

07 October 2024
in
Other

StanChart unveils sustainable variants of borrowing base trade loan

Standard Chartered has launched the sustainable finance variants of borrowing base trade loans (BBTL). The solution will be available in the US, UK, UAE, South...

07 October 2024

JBIC makes additional investment in NordicNinja Fund II

JBIC is investing an additional €11 million in NordicNinja Fund II. The fund is a venture capital firm that primarily invests in start-ups in the sustainability...

07 October 2024
in
Oil & gas

Chevron to sell assets worth $6.5bn to Canadian Natural Resources

Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion.The all-cash transaction, which is expected to...

07 October 2024
in
Transport

UKEF backs offshore wind workboat exports

UKEF has guaranteed a financing package which allowed Alicat Workboats to secure a contract to build offshore wind workboats.Norfolk-based Alicat will construct two...

07 October 2024
in
Oil & gas

Shell reaches FID for new Gulf of Mexico crude oil pipeline

Shell Pipeline Company has taken a final investment decision for the Rome pipeline, sanctioning a new offshore pipeline which will move crude oil produced from bp’s...