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Metal
Jiangxi Copper Increases Solgold Takeover Bid to $1.12bn
Jiangxi Copper, based in China, has raised its takeover proposal for SolGold, an exploration company focused on gold and copper projects in Ecuador. The revised…
United Kingdom
Drax Plans to Turn Coal-Era Power Station Into Data Centre by 2027
Drax Group announced on Thursday that it could repurpose part of its large power station site in Yorkshire, northern England, into a data centre as early as 202…
Offshore Wind Power
LS Power Acquires Bp’s Onshore Wind Business in US
LS Power has finalized the acquisition of BP Wind Energy North America, adding approximately 1.3 GW of operating onshore wind capacity across ten projects in th…
Battery
Construction Begins on Engie’s Pelican Point BESS in South Australia
Sungrow and Engie have begun construction on the 200 MW/400 MWh Pelican Point grid-forming battery energy storage system (BESS) in South Australia. The project,…
Metal
Indonesia to Levy Gold Export Duties From December 23
Indonesia will impose export duties on gold products starting December 23, according to a regulation published on the Finance Ministry website on Wednesday. The…
India
JSW Cement to Invest INR110bn to Double Capacity by 2028
JSW Cement, one of India's major cement producers, has announced a ₹110 billion (approximately US$1.22 billion) investment programme to be implemented over…
Saudi Arabia
Exxonmobil, Aramco and Samref Evaluating Refinery Upgrade and New Petrochemical Complex
Exxon Mobil Corporation, Aramco, and the Samref refinery have signed a Venture Framework Agreement to study a major upgrade and expansion of the Samref facility…
Combined cycle power plant
GE Vernova Expects 80 Gigawatts of Gas Turbine Contracts by Year’s End
GE Vernova, a major manufacturer of power generation equipment, announced on Tuesday that it expects to secure contracts for approximately 80 gigawatts of combi…
Natural Gas
Italy’s Eni Discovers Major Gas Reserves off Borneo in Indonesia
Italian energy company Eni announced on Tuesday that it has made a significant natural gas discovery in the Kutei Basin, approximately 50 kilometers off the eas…
Natural Gas
$1.98 Billion Chapter to ‘World-Class’ Gas Story Coming up Next off Australia
Chevron Australia has reached a final investment decision (FID) on the Gorgon Stage 3 development, committing approximately A$3 billion (US$1.98 billion) to ext…
China
Air Liquide Announces €25-Million Investment to Expand ASU in Yulin, China
Air Liquide has signed a long-term contract extension with a subsidiary of Shaanxi Yanchang Petroleum Group and will invest around €25 million to modernise…
Carbon Capture
Britain Launches Second Carbon Capture Licensing Round
On Tuesday, the United Kingdom opened its second carbon capture and storage licensing round, offering 14 offshore areas with a combined potential storage capaci…
United Kingdom
Heidelberg UK Injects Carbon Dioxide Into Concrete Mix
Heidelberg Materials UK has begun its first trial of CarbonCure technology at the Greenwich ready-mixed concrete plant in London. The process injects captured c…
Offshore Wind Power
Synera Signs Long-Term CPPA With Taiwan’s TSEE for Formosa 4 Wind Farm
Synera Renewable Energy Group (SRE Group) has entered into a long-term corporate power purchase agreement (CPPA) with Taiwan Smart Electricity & Energy (TSEE) f…
Electric Vehicles
Tesla Launches Low-Cost Model 3 Variant in Europe
Tesla launched a more affordable Standard version of the Model 3 in several European markets on Friday, approximately two months after its introduction in the U…
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