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02 October 2017

UOB nabs StanChart's Wee to head digital banking efforts

Singapore's UOB has hired Christopher Wee to lead its digital banking efforts. Previously global head of receivables solutions management for corporate and...

02 October 2017

Afreximbank appoints new director of banking operations

Afreximbank has appointed Kwabena Ayirebi as director of banking operations. Ayirebi joins from HSBC where he served variously as senior executive, global banking and...

02 October 2017

PacifiCorp issues RFP to add 1.1GW of wind power

Western American utility PacifiCorp has issued the request for proposals for wind generation projects with a minimum of 10MW capacity and no upper limit as part of...

02 October 2017

US guarantees another $3.7bn for Vogtle project

The US Department of Energy (DOE) has added to its $8.3 billion of guarantees for the troubled  nuclear project near Waynesboro, Georgia, with $1.67 billion to...

02 October 2017
in
Oil & gas, Power

Noble sells US gas and power operation to Mercuria

Noble Group has sold its US gas and power business to Mercuria for $185 million and expects to sell its global oil liquids business by...

02 October 2017
in
Agri/Soft Commodities

A'Saffa Foods raises $81m Islamic loan to fund expansion

A’Saffa Foods, a poultry and processed food producer based in Oman, has raised a OMR31.5 million ($81.5 million) loan from Meethaq, the Islamic banking unit of Bank...

02 October 2017

NextEra signs PPA for 235MW Blythe solar project

Florida-based developer NextEra Energy Resources has signed the $131 million agreement with the Modesto Irrigation District for the supply of more than 2.5 million...

02 October 2017

Rosatom approached to complete Brazil's Angra NPP

Brazil is hoping to interest Russia's state atomic corporation Rosatom with a project to complete the remaining 40% of the third unit at Angra Nuclear Power...

02 October 2017
in
Agri/Soft Commodities

Cargill reports good results for Q1 fiscal 2018

Cargill reports encouraging financial results for the fiscal 2018 first quarter ending 31 August 2017. Key results include total revenues of $27.3 billion, slightly up on...

02 October 2017

ESB plans refinancing of £400m Carrington power plant debt

The group finance director of the Republic of Ireland-owned Electricity Supply Board (ESB) has stated that conditions remain favourable for a refinancing of...

02 October 2017
in
Metals and Mining, Oil & gas

Trafigura closes on new $1.99bn revolver

Trafigura has closed a new $1.99 billion-equivalent revolving credit led by ANZ, DBS, ICBC, NBAD and United Overseas Bank. The deal was oversubscribed and upsized from...

02 October 2017

Aresol to develop 30MW solar project in East Kazakhstan

Spanish renewables developer  Aresol Group is in discussions with the government of the East Kazakhstan region about building a 30MW solar power plant in...

02 October 2017
in
Transport

Japan to fund third stage of Sri Lanka's Central Expressway

An $883 million funding package from Japan will partially fund the third stage of Sri Lanka’s Central Expressway project. The EPC contract has been awarded to...

02 October 2017

US court ruling on transmission line is setback for renewables projects

The Illinois Supreme Court has ruled Houston company Clean Line Energy does not qualify as a public utility under state law and as such can not use eminent domain to...

02 October 2017

Consultants sought for Wadi Dayqah IWP

The state-owned Oman Power and Water Procurement Company (OPWP) intends to tender an Independent Water Project (IWP) on a BOOT basis at Wadi Dayqah and has...

02 October 2017

BNP Paribas to advise on Ras Al Khair power plant sale

The Saline Water Conversion Company (SWCC) has selected the French banking group BNP Paribas to advise on the privatisation of the 2.6GW Ras Al Khair power and...

02 October 2017
in
Metals and Mining

East Africa Metals and Luck Winner to develop Ethiopia gold projects

East Africa Metals has signed a binding memorandum of understanding with Luck Winner Investment for project development financing of up to $250 million, a private...

02 October 2017

Meralco offers to partner PNOC on LNG hub project

The Manila Electric Co. (Meralco) is indicated its desire to take part in an integrated LNG importation, storage and distribution hub with 200MW power plant that...

02 October 2017
in
Oil & gas

Middle East producers breaking into crude trading

Middle East oil producers are venturing into trading crude in a bid to add new income streams. Aramco Trading Company – started in 2012 to trade refined products,...

02 October 2017
in
Oil & gas

Glencore considering bid for Chevron South Africa

Glencore is said to be considering making a rival bid to a $900 million offer by China’s Sinopec to buy 75% of Chevron South Africa.