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06 March 2025
in
Chemicals/Petrochemicals, Oil & gas

Aramco 'exploring initial bid for bp's Castrol unit'

Saudi Aramco is in the early stages of considering a potential bid for bp's lubricant business Castrol, according to a person with knowledge of the matter. bp has...

06 March 2025
in
Metals and Mining

Rio Tinto to invest $1.8bn to develop Brockman mine

Rio Tinto will invest $1.8 billion to develop the Brockman Syncline 1 mine project (BS1) in the West Pilbara of Western Australia.The project has now received all...

06 March 2025
in
Metals and Mining, Renewables

IAMGOLD Essakane seals Burkina Faso solar deal

IAMGOLD has completed the 100% acquisition of Essakane Solar, which operates a solar photovoltaic plant with 12-MWAC installed capacity located at the Essakane gold mine...

06 March 2025
in
Metals and Mining

Rio Tinto completes acquisition of Arcadium Lithium

Rio Tinto has completed its acquisition of Arcadium Lithium for $6.7 billion. Rio Tinto is now the ultimate parent company of Arcadium Lithium, which will become Rio...

06 March 2025
in
Metals and Mining

Black Rock Mining completes placement bookbuild

Black Rock Mining has received firm commitments to raise A$5 million – before costs – at A$0.023 a share for a placement to new and existing institutional and...

05 March 2025

Projects partner joins Stephenson Harwood in Dubai

Iwan Walters is joining law firm Stephenson Harwood as a partner in its projects, energy and infrastructure practice in Dubai.Walters advises on the full-life cycle of...

05 March 2025
in
Chemicals/Petrochemicals

ADNOC, OMV to merge petchem firms to create $60bn giant

ADNOC and Austria's OMV will merge their polyolefin businesses to create a chemicals powerhouse with a $60 billion enterprise value, as the Gulf state oil company...

05 March 2025
in
Oil & gas

bp cancels HyGreen Teesside hydrogen project

bp has scrapped its HyGreen Teesside hydrogen project, following its recent decision to scale back investments in green energy and limit future hydrogen developments. The...

05 March 2025
in
Renewables

INERATEC seals funds for Europe’s largest e-Fuel production plant

Sustainable e-Fuel production pioneer INERATEC has secured a €40 million venture debt loan with EIB and €30 million grant with Breakthrough Energy...

05 March 2025

PIF and SACE sign $3bn MoU

Saudi Arabia's Public Investment Fund has signed a $3 billion MoU with Italian export credit agency SACE.Under the MoU, the parties will cooperate on sharing...

05 March 2025
in
Transport

Stephenson Harwood adds maritime finance partner

Stephenson Harwood has added Georgia Asimakopoulos as a partner in the firm's maritime, trade and offshore (MTO) practice, based in Greece.She advises on the...

05 March 2025
in
Metals and Mining

C$4.7m in federal funding for E3's Clearwater project

E3 Lithium has secured conditional approval for a non-repayable investment of up to C$4.7 million (about $3.2 million) from the government of Canada’s Critical...

05 March 2025
in
Oil & gas

VAALCO Energy pens new $300m RCF

VAALCO Energy has entered into a new revolving credit facility with an initial commitment of $190 million and the ability to grow to $300 million. The financing was led...

05 March 2025
in
Infrastructure

Davis Wright Tremaine strengthens energy practice

Davis Wright Tremaine has added Shab Puri as a partner in the San Francisco office. Puri brings experience advising energy, infrastructure and technology clients on...

05 March 2025

Short-term export credit insurance demand set to rise

Berne Union has published its Business Confidence Index for the first half of 2025, showing robust demand for short-term export credit insurance as global trade growth...

05 March 2025
in
Oil & gas

Vitol, LNGPH sign 10-yr gas supply deal into the Philippines

LNGPH, the integrated LNG power facilities of South Premiere Power Corporation and Excellent Energy Resources, have signed a sale and purchase agreement with Vitol...

05 March 2025
in
Renewables

Stargate Hydrogen completes Series A funding round

Estonia-based Stargate Hydrogen has completed its series A funding round, raising €11 million in equity investments from strategic customers and financial investors....

05 March 2025
in
Other

Nigeria becomes EBRD shareholder

Nigeria has joined the European Bank for Reconstruction and Development, becoming its 77th shareholder.Nigeria submitted a request to join EBRD in April 2024 and the...

05 March 2025
in
Oil & gas

Cyprus seeks additional €200m for Vasilikos LNG terminal

Cyprus’s Natural Gas Public Company (DEFA) has requested an additional €200 million in liquidity from the Ministry of Finance to complete the LNG terminal at...

05 March 2025

Sri Lanka wraps up CDB loan restructure

Sri Lanka has completed a restructure of loans from China Development Bank and has started repayments, IMF documents show.Sri Lanka had started technical exchanges with...