Tag Archives: energy infrastructure

Apollo Acquires Stake in bp’s Trans Adriatic Pipeline, Exploring Further Energy Collaboration

(IN BRIEF) Apollo Global Management has purchased a non-controlling stake in bp Pipelines TAP Limited, which holds bp’s 20% share in the Trans Adriatic Pipeline (TAP), for approximately $1 billion. While bp remains the controlling shareholder, this partnership allows bp … Read the full press release

EIB and Prysmian Join Forces to Enhance Europe’s Energy Infrastructure

(IN BRIEF) The European Investment Bank (EIB) has signed a €450 million finance contract with Prysmian to enhance electricity transmission and distribution in Europe, focusing on renewable energy and offshore wind. The funds will be used to manufacture extra-high-voltage submarine … Read the full press release

E.ON Forges Ahead with Strategic Leadership Changes

(IN BRIEF) E.ON, a major player in the energy sector, has finalized its board restructuring, appointing Marc Spieker as Chief Operating Officer Commercial and Nadia Jakobi as Chief Financial Officer, underlining a strategic pivot towards sustainable energy solutions. CEO Leonhard … Read the full press release

Eni, Plenitude, and Energy Infrastructure Partners Finalize Investment Agreement

(IN BRIEF) Eni, Plenitude, and Energy Infrastructure Partners (EIP) have concluded their investment agreement, with EIP acquiring a 7.6% stake in Plenitude through a capital increase of €588 million. This transaction, initially announced in December 2023, marks a significant milestone … Read the full press release

UK Energy Transition Outlook 2024: DNV Highlights Need for Policy Clarity

(IN BRIEF) DNV, a leading independent energy expert, released its 2024 UK Energy Transition Outlook (ETO) report, highlighting the urgent need for the UK Government to prioritize long-term policy clarity and consistency to drive the transition away from fossil fuels. … Read the full press release

Finland’s Suur-Savon Sähkö Oy Partners with NIB on EUR 45 Million Energy Infrastructure Initiative

(IN BRIEF) The Nordic Investment Bank (NIB) and Suur-Savon Sähkö Oy, a municipal energy utility, have signed a 10-year, EUR 45 million loan agreement for investment projects from 2023 to 2024. Suur-Savon Sähkö Oy’s initiatives focus on improving the region’s … Read the full press release

Equinor Boosts UK Operations with $850 Million Suncor Energy Acquisition

(IN BRIEF) Equinor UK Limited has agreed to acquire Suncor Energy UK Limited for $850 million, which includes a non-operated interest in the Buzzard oil field (29.89%) and an additional operated interest in the Rosebank development (40%). The acquisition will … Read the full press release

HOEST PtX Esbjerg: A Gigawatt-scale Power-to-X facility in Denmark to lead the energy transition

DNV to provide independent technical assurance for Europe’s largest green ammonia plant DNV delivers range of services for the Power-to-X project in Denmark, including risk appraisals and sustainability impact studies HOEST PtX Esbjerg project aims to reduce CO2 emissions by … Read the full press release

PGNiG acquires 25% interest in Musakhel licence block in central Pakistan

(PRESS RELEASE) WARSAW, 19-May-2021 — /EuropaWire/ — Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) announces that it has secured a new licence in Pakistan through the acquisition of a 25% interest in the Musakhel licence block in central Pakistan. The Company … Read the full press release

Snam led consortium to acquire 49% of ADNOC Gas Pipeline Assets

ADNOC Gas Pipeline Assets LLC holds the tariff-based rights for the infrastructure (38 pipelines) that connects ADNOC’s upstream activities to Abu Dhabi’s consumption points and the export and interconnection terminals to neighboring Emirates (PRESS RELEASE) ABU DHABI, UAE, 23-Jun-2020 — … Read the full press release