Var Energi has completed the refinancing of existing revolving credit facilities. The Norwegian oil and gas company has entered into new RCFs totaling $2.75 billion, split over a three-year working capital facility and a five-year liquidity facility maturing in 2028 and 2030 respectively, with the... More

Australian project developer Abel Energy’s Bell Bay Powerfuels project, set to produce 300,000 tonnes of green methanol annually using a 240MW electrolysis plant, has been selected as the provisional proponent for the Bell Bay Hydrogen Hub in northern Tasmania.The Bell Bay Powerfuels... More

The World Bank has approved two projects in Nepal totaling $257 million aimed at enhancing electricity distribution services and improving irrigation services to boost agricultural productivity.The Electricity Supply Reliability Improvement Project ($120 million) will strengthen the... More

OMV is divesting its 5% stake in the Ghasha concession, in the UAE, to Russia's Lukoil Gulf Upstream in a deal worth $594 million, minus a $100 million transaction fee.  The Ghasha natural gas concession was once considered a project that could help OMV become less dependent on... More

Australian Pacific Coal (ACQ) has been issued a notice of default by senior lender Vitol over its Dartbrook coal project in the New South Wales Hunter Valley, but the Singapore-based commodities giant is holding off on enforcement action as the miner moves to meet final conditions attached to its... More

The Asian Development Bank has unveiled a five-year initiative aimed at transforming urban infrastructure across India. The plan involves directing up to $10 billion, including third-party capital, into urban transformation including metro extensions, new regional rapid transit system (RRTS)... More

Mining services group Perenti has been awarded a five-year underground mining contract valued at A$1.1 billion (about $730 million) at Endeavour Mining’s Mana gold complex in Burkina Faso.The contract will be delivered through Perenti’s joint venture subsidiary, Underground Mining... More

SAEL Solar MHP1 has secured $132 million in debt financing for the development of a 300MW solar power project in Andhra Pradesh, India.The funding was secured from Asian Infrastructure Investment Bank, New Development Bank, and Societe Generale with each committing $44 million to the project. SAEL... More

Cipher Mining has priced a $175.2 million bond issue. The company is a developer and operator of industrial-scale data centres for bitcoin mining and HPC hosting. The convertible senior notes mature in 2030 and have a coupon of 1.75%. The $175.2 million includes the full exercise of the... More

South Korea's Ministry of Trade, Industry and Energy (MOTIE) has announced tenders for 1.25GW of fixed-bottom offshore wind projects, and 1GW of solar projects. These tenders are due to be held before the end of June 2025.MOTIE says tenders for offshore wind will be held twice a year, with... More