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20 June 2024

TDB pens landmark SACE-backed facility

Eastern and Southern African Trade and Development Bank (TDB) has secured a €100 million financing backed by SACE's Push Facility to boost African-Italian...

20 June 2024
in
Oil & gas

China not continuing mega oil-backed loans to LatAm

China will not be resuming the mega oil-backed leaning of yesteryear as its focus turns to debt negotiations, according to the Inter-American Dialogue (IAD) and the...

20 June 2024
in
Oil & gas

Environmental activists win landmark ruling over UK oil well plan

In a ruling that could prevent other new UK fossil fuel developments from going ahead, the Supreme Court has ruled that a local council wrongly ignored the impact of...

20 June 2024
in
Oil & gas

Egypt seeks deferred payment in summer LNG tender

Egypt is seeking large volumes of gas from global markets this summer with deferred payments of up to six months, terms that market sources said would narrow the list of...

20 June 2024
in
Power, Renewables

South Korea’s first nuclear hydrogen project to be built by 2027

South Korea is to get its first nuclear hydrogen production plant by 2027.Hyundai Engineering & Construction, Samsung C&T, Doosan Energy and Korea Hydro &...

20 June 2024
in
Renewables

bp to acquire full ownership of bp Bunge Bioenergia

bp has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia JV.Upon completion, bp will become sole owner of the industrial scale sugarcane and...

20 June 2024
in
Oil & gas

Oceans group takes UK government to court over oil & gas licences

A marine conservation group has initiated legal action against the UK government, claiming the Conservatives’ decision to issue North Sea oil and gas licences...

20 June 2024
in
Agri/Soft Commodities

Australia antitrust concerns tangle Namoi Cotton bids

Australia’s antitrust watchdog has raised concerns around Olam Agri Holdings' proposed A$144 million ($96 million) takeover of Namoi Cotton, further...

20 June 2024
in
Infrastructure

KTH secures Afreximbank loan for Douala port expansion

UK firm Kharam Trading Holding has secured a €142 million (CFA93 billion) loan for Africa Port Development, a project company created for expanding the Douala Port,...

20 June 2024
in
Oil & gas

QatarEnergy, Exxon seek to remove contractor from Texas gas project

Owners of a $10 billion LNG project that has stalled with the bankruptcy of its main contractor are asking a court to immediately oust Zachry Industrial from the project,...

20 June 2024
in
Infrastructure

Afreximbank, Africa CDC in $2bn deal to support pharmaceutical manufacturing

Afreximbank and the Africa Centers for Diseases Control and Prevention (Africa CDC) have renewed their partnership with a new $2 billion cooperation...

20 June 2024
in
Renewables

US backs Angola plan to process critical minerals, export power

The US is backing Angola’s efforts to diversify from being an oil-dependent economy to becoming a critical-minerals processor and exporter of clean power.The...

20 June 2024
in
Power

EIB lends €200m to Iren to boost electricity infrastructure

EIB and Iren Group have signed a €200 million ($215 million) financing deal to support the development and modernisation of electricity infrastructure in the...

20 June 2024

Swiss prosecutors start Glencore criminal probe

Glencore said the Office of the Attorney General of Switzerland has opened a criminal investigation into Glencore International AG for failure to have measures in place...

19 June 2024
in
Renewables

Simply Blue advances Irish sustainable fuel ambitions

Simply Blue Group has acquired land as part of its plans to develop a renewable energy park to produce sustainable fuels.  The land in Whitegate, adjacent to...

19 June 2024
in
Renewables

Towngas and Veolia launch biogas-to-hydrogen pilot

The Hong Kong and China Gas Company (Towngas) and Veolia have launched a pilot project to convert biogas from a landfill site into hydrogen in Hong Kong.The project,...

19 June 2024
in
Metals and Mining

K92 seals upsized $150m credit facility with Trafigura

PNG-focused K92 Mining has secured two separate senior secured credit facilities totaling up to $150 million from Trafigura, alongside a new offtake deal.The credit...

19 June 2024
in
Chemicals/Petrochemicals, Oil & gas

Ghana signs $12bn deal for first phase of Petroleum Hub Project

Ghana's Petroleum Hub Development Corporation has officially signed a $12 billion agreement with the TCP-UIC Consortium, beginning the first phase of the $60 billion...

19 June 2024
in
Renewables

China to take on Hrgud wind?

Despite receiving an official notification that Germany is withdrawing financing for the 48MW Hrgud wind farm in Bosnia, Elektroprivreda Republike Srpske (ERS) is still...

19 June 2024
in
Telecoms and Communications

Jio set to sign $1.7bn 5G deal with Nokia

India's Reliance Jio Infocomm is this week set to sign an around $1.7 billion contract with Finland's Nokia to purchase 5G network equipment, source said. The...