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23 September 2024
in
Renewables

Equinor scraps plans to export blue hydrogen to Germany

Norway's Equinor has scrapped plans to export blue hydrogen to Germany because it is too expensive and there is insufficient demand.Equinor and Germany's RWE had...

23 September 2024
in
Power

Holtec to open Yorkshire SMR factory

South Yorkshire has been chosen as the home for a US company's factory making nuclear reactors.Holtec, the world's largest exporter of capital nuclear components,...

23 September 2024
in
Oil & gas

Santos refinances syndicated loan

Santos has refinanced its 2025 maturing syndicated bank loan facility. The facility, previously for $250 million, has been increased to $850 million.The facility...

23 September 2024

AD Ports refinances $2.25bn debt

AD Ports Group has refinanced its syndicated loan of $2.25 billion with two UAE banks at more favourable terms. AD Ports' $2.25 billion syndicated loan obtained...

23 September 2024

IfTI Global Symposium 2024: Is the OECD Arrangement now fit for purpose?

Silvia Gavornikova, head of the OECD Export Credits and Competition Division spoke with TXF to outline the latest changes set for the Arrangement. Progress has been made...

23 September 2024
in
Power

Taweelah C progressing

Prequalified bidders have started forming consortia and proposals for the 2500MW Taweelah C combined-cycle gas turbine (CCGT) independent power project (IPP) in Abu Dhabi...

23 September 2024
in
Agri/Soft Commodities

Sucro secures $325m credit facility

Sugar refiner Sucro has signed a new syndicated credit facility with Rabobank. The two-year facility increases Sucro’s borrowing capacity to $325 million with...

23 September 2024
in
Metals and Mining

Lifezone formally launches Kabanga Nickel financing

Lifezone Metals, in partnership with BHP, has formally mandated Societe Generale as financial advisor for the Kabanga Nickel project in Tanzania. The US International...

23 September 2024
in
Oil & gas

TotalEnergies starts production at Fenix

TotalEnergies has started production from the Fenix gas field, located 60km off the coast of Tierra del Fuego in southern Argentina.The Fenix field is part of...

23 September 2024

Korean, Czech ECAs vow to up support, cooperation

The Export-Import Bank of Korea and Korea Trade Insurance Corporation (K-Sure) have signed a multilateral MoU with Czech Republic financial institutions with the aim of...

23 September 2024
in
Oil & gas, Renewables

Trafigura prepares for CEO handover to gas boss Holtum

Trafigura is preparing for a leadership handover to gas, power and renewables head Richard Holtum as its new chief executive officer, replacing Jeremy Weir who will stay...

23 September 2024
in
Renewables

Froehlich joins Reventus

 Offshore wind investor Reventus Power, which has projects in the US, Australia and Europe, has appointed Jochen Froehlich as chief financial officer.Froehlich...

23 September 2024
in
Metals and Mining

US to award $3bn to 25 projects for battery manufacturing sector

The US Energy Department plans to award $3 billion to 25 battery manufacturing sector projects in 14 states as the Biden administration works to shift the supply chain...

23 September 2024
in
Oil & gas

Kimmeridge 'to halve stake' in Louisiana LNG project after FID

Energy investment firm Kimmeridge Energy Management plans to reduce its stake in a Louisiana LNG export project to 51% down from 100% after it reaches a final investment...

23 September 2024

BoE eases capital rules for trade finance, infra loans

The Bank of England’s Prudential Regulation Authority (PRA) has revised its proposal for stricter capital rules for UK banks, opting for a milder approach and...

23 September 2024
in
Manufacturing & equipment, Renewables

NIB finances vessels for construction of offshore wind farms

Nordic Investment Bank has provided a €50 million ($55.4 million) 12-year loan to Awind 3 and Awind 6 to finance new commissioning service operation vessels (CSOVs)....

23 September 2024
in
Oil & gas

Eskom and Sasol to explore LNG solutions in South Africa

Eskom and Sasol have inked an MoU to jointly explore and research potential future LNG requirements in South Africa. The collaboration will also enable the country to...

23 September 2024
in
Renewables

Green hydrogen blended into Spanish natural-gas grid for first time

Gas distributor Redexis has begun injecting green hydrogen into the Spanish natural-gas grid for the first time using the country’s first H2 pipeline, in what is...

23 September 2024
in
Metals and Mining

Trigg acquires Spartan and Taylors Arm antimony projects in NSW

Gold and base metals exploration and development company Trigg has signed a binding purchase agreement to acquire 100% of the ultrahigh-grade Spartan and Taylors Arm...

20 September 2024
in
Oil & gas

ING tightens restrictions on oil & gas lending

Dutch lender ING is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net...