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21 June 2024
in
Renewables

EC approves German subsidies for hydrogen pipelines

The European Commission has given Germany permission to invest around €3 billion ($3.2 billion) in its hydrogen infrastructure to build long-distance pipelines.The...

21 June 2024
in
Telecoms and Communications

GomSpace secures export loan for Indonesian project

GomSpace, a manufacturer of nanosatellites and microsatellites, has received approval from the Danish Export and Investment Fund (EIFO) for a government export loan to...

21 June 2024
in
Oil & gas

Wison New Energies quits Russian projects in blow to Arctic LNG 2

Chinese engineering firm Wison New Energies has decided to discontinue all of its ongoing Russian projects, and will immediately and indefinitely stop taking any new...

21 June 2024
in
Oil & gas

Genting awards $1bn FLNG facility contract to Wison

Genting has contracted China's Wison New Energies for the construction of a 1.2 million tonnes per annum floating LNG facility in West Papua, Indonesia, in a deal...

21 June 2024
in
Infrastructure

Nigeria creates $2.6bn infrastructure company

Nigeria has approved the creation of a company, Infra-Co, to fast-track development of critical infrastructure, with around $2.6 billion in initial...

21 June 2024
in
Telecoms and Communications

WIOCC signs sustainability-linked loans with IFC, Proparco

WIOCC has secured green financing from IFC and Proparco to fund its data centre and fiber roll-out in DRC, Nigeria, and South Africa.The financing includes loans of $10...

21 June 2024
in
Metals and Mining

EnergyX to build new lithium project in North America

US-based company Energy Exploration Technologies (EnergyX) has unveiled plans for a lithium project in North America, named Project Lonestar Lithium.The move is expected...

21 June 2024
in
Oil & gas

EU sanctions target Russian gas for the first time

EU countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, including their first restrictions on Russian gas.The package bans re-exports...

21 June 2024
in
Metals and Mining

China Baowu seals deal for stake at Simandou project

China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the...

21 June 2024
in
Metals and Mining

WAF draws final $100m for Kiaka construction

West African Resources has fully drawn the $265 million secured loan facility from Sprott Resource Lending and Coris Bank International for the development of its Kiaka...

21 June 2024
in
Renewables

US Ex-Im signs $500m MoU with Trinidad and Tobago

The Export-Import Bank of the United States has signed a $500 million MoU with Trinidad and Tobago. The MOU will develop opportunities and support financing in the...

21 June 2024
in
Oil & gas

Trafigura charters supertanker to load gasoil from Mideast

Trafigura loaded diesel onto a supertanker in the Middle East, taking advantage of lower freight rates for crude tankers to send more fuel to the West, according to...

21 June 2024
in
Renewables

Senate approves clean-hydrogen bill offering subsidies, tax benefits

A new bill that offers financial and tax incentives for low-carbon hydrogen production, as well as a new regulatory framework, has finally been passed by the upper house...

21 June 2024
in
Metals and Mining

Savannah secures $20m for Barroso lithium project

Savannah Resources, the British company behind the Barroso lithium project in Portugal, has secured a £16 million ($20 million) investment from Dutch miner AMG,...

21 June 2024
in
Metals and Mining

EBRD promotes sustainable mining in Mongolia

EBRD is providing funds to Khan Altai Resource (KAR), a special purpose gold mining company based in the Gobi Altai province of south western Mongolia.KAR will receive a...

21 June 2024
in
Metals and Mining

Pilbara Minerals eyes A$1.2bn road to double lithium output

Pilbara Minerals has laid out a A$1.2 billion (almost $800 million) plan to double production capacity for lithium spodumene at its Pilgangoora operation in Western...

21 June 2024
in
Oil & gas

FID taken on Ubeta project to supply Nigeria LNG plant

TotalEnergies and Nigerian National Petroleum Corporation have taken a final investment decision for the development of the Ubeta gas field in Nigeria.Located about 80km...

21 June 2024
in
Metals and Mining

Sienna acquires Stonesthrow project

Sienna Resources has announced the acquisition of the Stonesthrow Gold Project in Saskatchewan. The project encompasses approximately 13,300 contiguous acres of land...

20 June 2024

ReGen III moves forward with DOE loan application

ReGen III Corp (GIII) has advanced its prospects of receiving a US Department of Energy (DOE) guaranteed loan for a proposed used motor oil (UMO) re-refinery project.The...

20 June 2024
in
Metals and Mining

Vulcan Energy to sign ECA financing by year end

Vulcan Energy will sign an ECA-backed financing package for its Zero Carbon Lithium project by the end of 2024. Financial close is scheduled for the beginning of...