Companies
Aramco, Baker Hughes Enter Deal for UBCTD Expansion in Saudi
Baker Hughes, an energy technology company, announced that it has received an award from Aramco to broaden its integrated underbalanced coiled tubing drilling (UBCTD) operations throughout Saudi Arabia’s natural gas fields.
Under the multi-year arrangement, Baker Hughes plans to grow...
America
Ormat, SLB Partners to Advance Enhanced Geothermal Systems
Ormat Technologies and SLB have entered a strategic partnership to accelerate the development and deployment of integrated geothermal assets, including enhanced geothermal systems (EGS). The collaboration is designed to push the next wave of geothermal innovation and open up...
America
ENGIE Signs PPA with Meta for 600 MW Solar Project in US
Meta has signed a new Power Purchase Agreement (PPA) with ENGIE to buy all the energy from a 600 MW solar project, the biggest ever built by ENGIE in the United States. The deal brings the total renewable capacity...
Companies
Chevron, Helleniq Win Greece Offshore Gas Exploration Blocks
Greece has confirmed that it will award four offshore oil and gas exploration blocks to a consortium led by Chevron, marking a key development in the nation’s ongoing efforts to expand its domestic energy exploration. Following a period of...
Companies
Canada Government Announces CAD 3B Funding for SMR Projects
Two Canadian government agencies will together invest CAD3 billion (USD2.1 billion) in Ontario Power Generation’s (OPG) Darlington New Nuclear Project, acquiring minority stakes to help reduce financial and operational risks associated with building small modular reactors (SMRs). Canada Growth...
Companies
EBRD Funds Ignitis Group’s Kelmė Wind Farm in Lithuania
The European Bank for Reconstruction and Development (EBRD) has granted a loan of €79.5 million to Ignitis Group, forming part of a broader €318 million financing arrangement aimed at advancing Lithuania’s clean energy transition. The financing will help Ignitis...
America
Amazon and X-Energy Partner to Boost Nuclear Energy Capacity
X-Energy Reactor Company, a leading developer of advanced nuclear reactors and fuel technology, has closed a Series C-1 financing round of about $500 million, led by Amazon.com. The funds will go toward finishing X-energy's reactor design and licensing work...
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