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16 December 2024
in
Chemicals/Petrochemicals

ChemOne's PEC project secures $3.5bn but faces further delay

ChemOne Group's Pengerang Energy Complex (PEC) has successfully negotiated terms on an ECA-backed $3.5 billion financing package. Pricing on the 16-year loan is high...

16 December 2024
in
Renewables

ECAs back fresh funds for Orsted's Taiwan offshore wind project

Orsted has secured around DKK1 billion ($140.8 million) for its Greater Changhua 4 offshore wind project in Taiwan.The financing package will be supported by guarantees...

16 December 2024
in
Renewables

Brazil’s Senate adopts offshore wind bill

The Brazilian Senate has adopted a bill regulating offshore wind licensing, development and operation that was first introduced in 2021. The bill establishes an...

16 December 2024
in
Oil & gas

ADNOC signs 15-yr LNG deal with EnBW

ADNOC has signed a third SPA for the lower-carbon Ruwais LNG project, this time with Germany’s EnBW. The 15-year SPA for supplying 0.6 million tonnes per annum of...

16 December 2024
in
Renewables

Philippines plans auction for offshore wind in Q3 2025

The Philippines’ Department of Energy (DOE) will hold the fifth round of the Green Energy Auction (GEA-5), exclusively dedicated to offshore wind projects, in Q3...

16 December 2024
in
Oil & gas

Glencore hires ex-BP oil trader for top crude job in Asia

Glencore has hired ex-BP trader Aditya Ravavarapu to lead its Asian crude oil trading team in Singapore, sources said.Ravavarapu is currently on gardening leave and will...

16 December 2024
in
Oil & gas

bp and XRG close deal to launch Arcius Energy

bp and XRG have reached financial close and completed formation of their new JV and international natural gas platform – Arcius Energy.Announced in February, Arcius...

16 December 2024
in
Renewables

Vireon attracts more funds for Finnish green hydrogen project

Business Finland has awarded a €3.8 million ($3.98 million) grant to Norwegian Hydrogen's refuelling subsidiary Vireon to support the construction of a 5MW...

16 December 2024
in
Metals and Mining

Agnico to acquire O3 Mining for $143m

Agnico Eagle Mines has announced the friendly acquisition of O3 Mining in a C$1.67 ($1.17) per share cash transaction, valued at around C$204 million ($143 million).O3...

16 December 2024
in
Metals and Mining

EDB rejects loan for Amulsar gold mine

Armenian Economic Minister Gevorg Papoyan has revealed that discussions are ongoing with commercial banks after the Eurasian Development Bank rejected a loan to operate...

16 December 2024
in
Power

Surkhandarya CCGT closes €1.2bn ECA/DFI-backed loan

A consortium known as SCE-Quvvat - comprising QuWatt, Siemens Energy, Nebras Power and EDF - has closed a €1.2 billion ($1.26 billion) ECA and DFI-backed project...

16 December 2024
in
Other

HSBC 'sent Stenn into administration over client list fears'

HSBC Holdings triggered the shuttering of trade finance firm Stenn Technologies after uncovering transactions that were supposed to be with key customers but were...

16 December 2024
in
Transport

Petrobras awards $2.8bn contracts for 12 new PSVs

Petrobras has awarded contracts worth BRL16.5 billion ($2.8 billion) for the construction of 12 platform supply vessels (PSVs).The company has awarded contracts to Edison...

13 December 2024
in
Renewables

Bpifrance, Credendo to back Rely's green hydrogen projects

Belgium-based Rely, the JV created by Technip Energies and John Cockerill to develop large-scale green hydrogen and Power-to-X production solutions, has signed an MOU...

13 December 2024

New SME, midcap role at Finnvera for Juha Ketola

Finnvera has appointed Juha Ketola as Executive Vice President responsible for SME and midcap financing and member of the Management Group. Ketola has acted as interim...

13 December 2024
in
Renewables

TKF awarded cable contract for Inch Cape Wind Farm

TKH Group subsidiary TKF has been awarded a turnkey inter-array cable contract by Inch Cape Offshore Limited for the Inch Cape Wind Farm, off the East Coast of...

13 December 2024
in
Renewables

Kansai to acquire a 49% interest in Iberdrola’s Windanker project

Kansai Electric Power has signed a share purchase agreement with Iberdrola to acquire a 49% stake in the Windanker offshore wind farm project, off the German coast.The...

13 December 2024
in
Renewables

Enefit submits EIA for Liivi Bay offshore wind project

Enefit Green has completed the environmental impact assessment for the Liivi Bay offshore wind farm in the Gulf of Riga.The project, off the coast of Estonia, is planned...

13 December 2024
in
Power

Australia’s opposition unveils $211bn nuclear plan

Australia’s main opposition group laid out a A$331 billion ($211 billion) plan to create a taxpayer-funded nuclear power industry in just over a decade, despite the...

13 December 2024
in
Power

US Ex-Im issues LOI for UK micro nuclear plant funding

US start-up Last Energy has received a tentative offer of $103.7 million in debt financing from the Export-Import Bank of the United States to set up the first of four...