(IN BRIEF) Wood has secured a new contract with PetroChina to deliver project management, engineering and EPC services at the West Qurna 1 oilfield in southern Iraq, reinforcing more than a decade of collaboration at one of the world’s most … Read the full press release
Posted in Energy, Gas & Oil, Industrial, News, Technology, United Kingdom
Tagged Basra, consulting and engineering, Ellis Renforth, energy security, engineering services, EPC projects, global expertise, Iraq energy sector, local workforce, Middle East operations, oilfield development, PetroChina, PetroChina Extends Partnership with Wood for Project Management and Engineering at Major West Qurna 1 Field, project management, West Qurna 1, Wood
(IN BRIEF) ORLEN has secured a crucial environmental approval for its Baltic East offshore wind farm, positioning the 1 GW project to compete in Poland’s first offshore wind auction this December. The decision from RDOŚ enables ORLEN to finalize permits, … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, Poland, Technology
Tagged 1 GW renewable capacity, Baltic East Greenlit: ORLEN Takes Major Step Toward 1 GW Offshore Wind Farm and Polish Supplier Integration, Baltic East offshore wind, Baltic Power, Baltic West, CfD support scheme, clean electricity Europe, energy security, environmental decision Gdańsk RDOŚ, Ireneusz Fąfara, Janusz Bil, offshore wind permitting, ORLEN, ORLEN Neptun, Poland offshore wind auction, Polish suppliers, renewable energy Poland
(IN BRIEF) The European Investment Bank (EIB) has released €100 million to support Ukraine’s wartime resilience, focusing on economic stability and municipal heating infrastructure. Of this, €70 million will go to Ukrgasbank to provide long-term loans for businesses and promote … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, News, Ukraine
Tagged district heating, economic resilience, EIB, energy efficiency, energy security, EU for Ukraine Fund, European Commission, European Investment Bank, European Investment Bank delivers €100 million boost to Ukraine’s economic resilience and heating infrastructure amid war, European Union, green transition, Marta Kos, Naftogaz, reconstruction, renewable energy, Rodion Morozov, Team Europe, Teresa Czerwinska, UKRAINE, Ukraine Facility, Ukraine Investment Framework, Ukreximbank, Ukrgasbank, Viktor Ponomarenko, war recovery
(IN BRIEF) RWE is preparing to build an 850 MW hydrogen-compatible combined cycle power plant at its former Voerde site in Germany, supporting the country’s coal phase-out and long-term energy security. The German government’s upcoming framework for hydrogen-compatible gas plant … Read the full press release
Posted in Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Investment, News
Tagged clean energy, Coal Phase-Out, combined cycle plant, decarbonisation, energy security, energy transition, GE Vernova, German government, Germany, GREEN HYDROGEN, Hydrogen Core Network, hydrogen energy, hydrogen-compatible power plant, hydrogen-ready technology, Nikolaus Valerius, renewable energy, RWE, RWE Advances Plans for Hydrogen-Ready Power Plant in Voerde to Support Germany’s Energy Transition, RWE Generation SE, sustainable infrastructure, Técnicas Reunidas, Voerde
(IN BRIEF) The European Investment Bank (EIB) is lending €40 million to Sweden’s Meva Energy AB to accelerate the rollout of its modular, biomass-based gasification plants across Europe. The company’s innovative system converts agricultural and industrial biomass residues into renewable, … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, News, Sweden, Technology
Tagged biochar, bioeconomy, biogas, biomass gasification, circular economy, Clean Industrial Deal, climate-neutral technology, decarbonisation, EIB, Elcowire Group, energy security, European Investment Bank, fossil-free manufacturing, green transition, IKEA, industrial energy, InvestEU, Karl Nehammer, Meva Energy, Meva Energy Secures EIB Financing to Scale Climate-Neutral Gasification Technology Across Europe, Net-Zero Industry Act, Niclas Davidsson, renewable energy, REPowerEU, Sofidel, Sweden
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is lending €79.5 million to Ignitis Group as part of a €318 million financing consortium that includes the EIB, Swedbank, and NIB to fund the 314 MW Kelmė wind farm … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Lithuania
Tagged 5 GW target, Baltic region, clean power, climate goals, EBRD, EBRD Backs Ignitis Group with €79.5 Million Loan to Build the Baltic Region’s Largest Onshore Wind Farm, Energy Independence, energy security, EU Energy Policy, European Investment Bank, green transition, Ignitis Group, Kelmė wind farm, Lithuania, Lithuanian households, Nordic Investment Bank, onshore wind, renewable energy, Sustainable Finance, sustainable infrastructure, Swedbank, zero-carbon electricity
(IN BRIEF) Egis in the UK has been appointed to the UK government’s Defra Nuclear Energy Regulatory Justification Services Framework, becoming an approved provider of technical expertise to assess the environmental and social impacts of new nuclear technologies. Leveraging decades … Read the full press release
Posted in Business, Energy, Gas & Oil, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged AMR, Defra, Egis, Egis Appointed by UK Government to Provide Expert Assessment for Emerging Nuclear Technologies, Egis Appointed to Defra Framework to Guide Safe and Sustainable Development of New Nuclear Technologies, energy security, energy transition, engineering consultancy, environmental assessment, fusion energy, Hinkley Point C, infrastructure, Joanne Moran, net zero, nuclear energy, nuclear innovation, nuclear justification, Regulatory framework, Sizewell C, SMR, sustainability, UK Government, UK nuclear sector
(IN BRIEF) EDF has partnered with Terra Firma Energy to optimise its 5MW Droitwich flexible generation plant and manage all of the company’s operational assets across the UK. Through EDF’s Powershift optimisation platform and market trading expertise, the partnership will … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, News, Technology, United Kingdom
Tagged ancillary services, Balancing Mechanism, Droitwich, EDF, EDF and Terra Firma Energy partner to enhance portfolio performance and grid flexibility across the UK, EDF partners with Terra Firma Energy to optimise 5MW Droitwich plant and manage full UK asset portfolio, energy optimisation, energy security, flexible generation, grid flexibility, low carbon transition, Powershift platform, renewable integration, Stuart Fenner, Terra Firma Energy, UK power system, wholesale energy market, Zach Dodds-Brown
(IN BRIEF) The European Investment Bank (EIB) has signed a €25.9 million green financing agreement with Iberdrola for the construction of the 22.5 MW Gatza wind farm in central Greece. The financing package includes €10 million from EIB resources and … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, European Union, Financial, Greece, Industrial, Investment, Luxembourg, News, Spain, Technology
Tagged climate goals, Cyprus, EIB, EIB provides €25.9 million in green financing for Iberdrola’s Gatza wind farm in Greece, EIB signs €25.9 million green financing with Iberdrola to develop Gatza wind farm in Greece, electrification, energy security, EU energy transition, European Investment Bank, Fthiotida, Gatza wind farm, Greece, green financing, Iberdrola, Recovery and Resilience Fund, renewable energy, Rokas, sustainability, Viotia, wind power, €25.9 million financing for Gatza wind farm consolidates Iberdrola’s renewable leadership in Greece
(IN BRIEF) The European Investment Bank (EIB) and Intesa Sanpaolo have announced two financing operations worth €750 million to accelerate renewable energy development and strengthen Europe’s wind sector. A €500 million framework loan will support solar, wind, bioenergy, and storage … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, European Union, Financial, Industrial, Investment, Italy, Luxembourg, News, Technology
Tagged 2GW renewable capacity, bioenergy, clean electricity, Cohesion Regions, COP28, decarbonisation, EIB, EIB and Intesa Sanpaolo partner to unlock billions in renewable energy investment across Europe, energy security, energy transition, European Investment Bank, Gelsomina Vigliotti, Intesa Sanpaolo, InvestEU, Italy, job creation, Mauro Micillo, Public-private partnership powers Europe’s energy transition with major renewable investment push, renewable energy, REPowerEU, solar energy, Storage, Wind Package, wind power, €750 million partnership between EIB and Intesa Sanpaolo to accelerate renewable growth and secure Europe’s energy future
(IN BRIEF) Shell UK has begun production at the Victory gas field in the North Sea, located northwest of the Shetland Islands. The field, operated via a single subsea well connected to existing pipelines, will deliver gas to the Shetland … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Investment, News, United Kingdom
Tagged Adura, domestic energy, energy security, Equinor, natural gas, North Sea, operational emissions, Peterhead, pipeline network, Renewable Transition, Shell UK, Shell UK begins production from Victory gas field to support domestic energy supply, Shell UK launches North Sea Victory gas project to help power nearly 900000 homes, Shell UK starts Victory gas field production to enhance domestic supply and energy security, Shetland Gas Plant, Shetland Islands, Simon Roddy, St Fergus, subsea well, UK gas supply, UK North Sea production, Victory gas field
(IN BRIEF) The European Investment Bank (EIB) Group has adopted the second phase of its Climate Bank Roadmap, setting priorities through 2030 that focus on boosting competitiveness, ensuring energy security, and cutting costs for households and companies. The plan doubles … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, European Union, Financial, Industrial, Investment, Luxembourg, News, Small Business, Technology
Tagged climate adaptation, Climate Bank Roadmap, competitiveness, Corporate Sustainability Reporting Directive, CSRD, decarbonisation, EIB, EIB commits €30 billion to climate adaptation and boosts SME support in next stage of Climate Bank Roadmap, EIB doubles climate adaptation funding and simplifies access to finance under new Climate Bank Roadmap phase, energy security, energy security and affordability, EU climate goals, European Investment Bank, green transition, Nadia Calviño, renewable energy, REPowerEU, Second phase of EIB Climate Bank Roadmap prioritises competitiveness, SMEs, Sustainable Finance, TechEU
(IN BRIEF) Vitol has acquired a 30 percent stake in the Baleine offshore project in Côte d’Ivoire from Eni, joining Petroci in a partnership that underscores the project’s national and regional importance. Now structured as Eni 47.25 percent, Vitol 30 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland
Tagged Africa’s first net-zero development, Baleine project, Block 4 Ghana, Cote d’Ivoire, energy security, Eni, gas production, net-zero development, OCTP project, offshore development, oil production, PetroCi, Phase 3 expansion, sustainability, upstream energy, Vitol, Vitol acquires 30 percent stake in Côte d’Ivoire’s Baleine offshore project, Vitol expands upstream presence with acquisition in Côte d’Ivoire’s flagship Baleine oil and gas project, West Africa
(IN BRIEF) MOL and O&GD have discovered a new oil deposit near Galgahévíz, Hungary, with the Galgahévíz-4 well producing around 1,000 barrels of oil per day. The project, drilled by Rotary Zrt., strengthens Hungary’s energy independence and reflects MOL’s commitment … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Hungary, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology
Tagged Algyő field, Danube Refinery, Dr György Bacsa, energy security, energy storage, Galgahévíz, Galgahévíz-4, Hungarian natural gas, Hungarian oil production, Hungary, hydrocarbon exploration, Mogyoród concession, MOL, MOL and O&GD announce oil discovery near Galgahévíz as Hungary marks 60 years of Algyő field, MOL expands Hungarian energy portfolio with new oil discovery and renewable investment at Algyő, O&GD, partnership, renewable energy, Rotary Zrt, shallow gas program, SHAPE TOMORROW strategy, solar park, sustainability
(IN BRIEF) The European Investment Bank (EIB) Group has appointed Aimilia Pistrika as Head of its Nicosia Office, effective September 1. She succeeds Antonis Papageorgiou, who had served on an interim basis since the office’s inauguration in November by President … Read the full press release
Posted in Banks, Business, Cyprus, Economy, Financial, Government, Industrial, Investment, Luxembourg, Management, Marketing, News, Technology
Tagged Aimilia Pistrika, Antonis Papageorgiou, appointment, blue economy, civil engineering, climate finance, climate resilience, Cyprus, EIB Group, energy security, European Investment Bank, Kyriacos Kakouris, leadership, Nadia Calviño, Nicosia Office, partnership, public-sector modernization, sustainable infrastructure, water management
(IN BRIEF) Webuild’s construction of the Rogun Dam in Tajikistan has reached a crucial stage, with the dam’s crest approaching 1,110 metres above sea level. President Emomalī Rahmon visited the site with senior officials to highlight the project’s importance in … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, Marketing, News, Technology
Tagged Central Asia, Emomali Rahmon, energy security, ENR Engineering News Record, Global Infrastructure, Grand Ethiopian Renaissance Dam, hydroelectric projects, OJSC Rogun HPP, partnership, Qohir Rasulzoda, renewable energy, Rogun Dam, Snowy 2.0, sustainability, sustainable energy, Tajikistan, water infrastructure, Webuild
(IN BRIEF) SEB Asset Management has launched the SEB European Defence & Security Fund, targeting companies in defence, cybersecurity, energy, technology, raw materials, and infrastructure to strengthen Europe’s resilience and self-sufficiency. The actively managed fund will hold 30–50 stocks, with … Read the full press release
Posted in Banks, Defence, Financial, Investment, Management, Security & Safety, Sweden
Tagged Alexander Winberg, Cybersecurity, defence investment, energy security, European Resilience, Fundamental Equity team, infrastructure, Javiera Ragnartz, Johan Söderström, long-term investment, NATO, OECD, Pavel Lupandin, portfolio management, raw materials, Robert Vicsai, SEB, SEB Asset Management, SEB European Defence & Security Fund, Taiwan, technology, thematic fund, unit-linked insurance
(IN BRIEF) Wood has secured a $50 million, two-year extension to its maintenance services contract at Ampol’s Lytton refinery in Brisbane, Australia. The agreement includes maintenance management, technical services, brownfield modifications, and the introduction of Wood’s AI-powered maintAI platform to … Read the full press release
Posted in Artificial Intelligence (AI), Business, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged AI-powered maintenance, Ampol, Asia Pacific operations, Australia, Australian fuel production, Brisbane, brownfield modifications, crude oil processing, digital maintenance technology, energy security, Lytton refinery, maintAI, maintenance management, partnership, Ralph Ellis, refinery optimisation, technical services, Wood
(IN BRIEF) EDF Energy Customers Ltd has acquired the remaining 47% of Pod Point, making the EV charger company a wholly owned, private subsidiary. The deal, finalised on 4 August 2025, supports EDF’s push to enhance UK energy security and … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, News, Technology, United Kingdom
Tagged delisting, EDF Energy Customers Ltd, EDF renewable generation, electric vehicle charging, electrification, energy security, full acquisition, Go Electric tariff, low carbon solutions, Melanie Lane, nuclear, Philippe Commaret, Pod Drive subscription, Pod Point Group Holdings PLC, smart charging, Solo 3S charger, UK EV market, zero-carbon electricity
(IN BRIEF) Sunly will build four solar parks in Latvia totaling 329 MW capacity—54 MW in Valmiera, 90 MW in Krāslava, 81 MW in Madona, and 104 MW in Saldus—using €85 million in loans from EIB, EBRD, and SEB. Completion … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Latvia, Luxembourg, Management, Marketing, News, Technology, United Kingdom
Tagged 329 MW, Barkava, battery storage systems, Climate Action, Dagda, EBRD, EIB, energy security, European Bank for Reconstruction and Development, European Investment Bank, Grzegorz Zieliński, hybrid renewable energy, Ints Krasts, InvestEU, Latvia, Matīši, non-recourse financing, partnership, SEB, solar parks, Sunly, sustainability, Thomas Östros, Toms Nāburgs, wind integration, Zirņi
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