Heurtey Petrochem Solutions, an Axens brand, has been selected by Transition Industries to supply its Electrical Tubular Furnace technology for the Pacífico Mexinol project in Sinaloa, Mexico.
Global oil markets are sending the wrong signal by treating the latest attacks on commercial shipping in the Strait of Hormuz as a contained geopolitical incident rather than a potentially significant threat to energy supplies, warns the CEO of financial advisory giant deVere Group.
UAE-based Global South Utilities (GSU) has signed an MoU with Guyana Power and Light to explore energy infrastructure projects, including power generation, grid modernisation and renewable energy integration to support Guyana’s sustainable development.
Axens and Egyptian Refining Company have expanded their partnership through a long-term agreement to enhance refinery efficiency, digital transformation, sustainability, and asset value using advanced technologies, services, and operational expertise.
Baker Hughes has secured multiple contracts from India’s Oil and Natural Gas Corporation (ONGC) to provide advanced wireline services aimed at improving reservoir understanding, optimising production, and supporting field development.
Proxima Fusion raised €411 million ($468 million) to advance its stellarator fusion technology, supporting the Alpha demonstrator project in Germany. The funding makes it Europe’s best-funded fusion company and accelerates commercial fusion development.
Eni has agreed to acquire a 25 per cent stake in EnergyX’s Chilean subsidiary Black Giant, which is developing a lithium project near the Salar de Punta Negra in northern Chile. The Italian energy company will invest a total of $225 million in phases as part of the partnership.
bp has agreed to sell its non-operated interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada, to Equinor. The transaction is consistent with bp’s continued focus on portfolio simplification and disciplined capital allocation.
Eni Storage Systems has begun building an LFP battery hub in Brindisi, Italy, targeting 16 GWh annual capacity by 2030. The project will support renewable energy storage, grid stability, and Europe’s growing BESS market.
The Government of Fujairah has signed an agreement with Etihad Refinery, a subsidiary of Etihad Energy Holding, to purchase the refinery’s gasoline production, supporting the development of the Emirate’s downstream energy sector.
