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Oil & Gas Trade

Algeria Signs $5.4 Billion Oil and Gas Deal With Saudi Firm Midad Energy

Algeria’s state-owned energy company Sonatrach announced on Monday that it has signed a production-sharing contract worth approximately $5.4 billion with …

Wind Turbine

Chinese Wind Turbine Maker to Invest up to $2 Billion in Scottish Factory

Chinese wind turbine manufacturer Ming Yang Smart Energy announced on Friday that it will invest up to 1.5 billion pounds ($2 billion) to establish a wind turbi…

Brazil

Brazil to Begin Construction on TikTok Data Center in Six Months, Minister Says

Brazil’s Mines and Energy Minister Alexandre Silveira announced on Friday that construction of TikTok’s data center in the country will begin in six…

Oil Refinery

BPCL Secures Land for $11 Billion Refinery Project in Southern India

India’s state-run Bharat Petroleum Corporation Limited (BPCL) will invest nearly $11 billion to construct a new refinery with a capacity of 180,000 to 240…

Green Hydrogen

RWE Withdraws From $10 Billion Namibia Green Hydrogen Project

German utility RWE announced on Monday that it has withdrawn from Namibia’s $10 billion Hyphen green ammonia project. The move marks a setback for Namibia…

Metal

Argentina Approves McEwen’s $2.7 Billion Copper Project for Tax Break Program

On Friday, Argentina granted approval for McEwen Copper’s $2.7 billion Los Azules copper project to benefit from the Large Investment Incentive Regime (RI…

United States

Designer Picked for $2Bn New York Subway Extension

Cowi, a Denmark-based design and engineering consultancy, has been selected as the lead designer for the second phase of New York City’s Second Avenue Sub…

Metal

US Government Seeks up to 10% Stake in Thacker Pass Lithium Project

The US government is reportedly negotiating to acquire up to a 10% equity stake in Lithium Americas as part of a revision of the company’s $2.26 billion (…

United States

Microsoft Green Lights Second Phase of “World’s Most Powerful AI” Data Centre

Microsoft announced an additional $4 billion investment over the next three years for its data centre complex in Fairwater, Mount Pleasant, Wisconsin, bringing …

Nuclear Fusion

Eni and CFS Expand Fusion Partnership With Major Power Deal

Global energy technology company Eni and Commonwealth Fusion Systems (CFS) have entered into a power purchase agreement (PPA) valued at over $1 billion, further…

Oil Field

Exxon Greenlights $6.8 Billion Investment for Hammerhead Project in Guyana

Exxon Mobil announced on Monday the approval of funding for its seventh oil development project, named Hammerhead, in Guyana’s Stabroek Block. This milest…

United States

US Company Buys Hexagon’s Design and Engineering Arm for €2.7bn

American software company Cadence has announced the €2.7 billion acquisition of the design and engineering branch of Sweden’s Hexagon. The deal inclu…

United Kingdom

Vodafonethree Signs Multibillion-Pound Network Deals With Ericsson and Nokia

VodafoneThree has signed multibillion-pound agreements with Ericsson and Nokia to accelerate its £11bn investment programme, described as the UK’s l…

Metal

Zijin Gold to Raise $3.2bn via Hong Kong IPO

Zijin Gold International, a wholly owned subsidiary of China’s Zijin Mining, is set to raise HK$24.98 billion through an initial public offering (IPO) in…

United States

Ground Finally Breaks on 3-Billion-Can-A-Year Drinks Factory

Construction has begun on a large-scale production, manufacturing, and distribution facility in Concord, North Carolina, designed for drinks makers Red Bull and…