Eni and Mercuria Establish Joint Venture for Oil, Gas, and LNG Trading Starting July 2026
The new entity will operate independently and will be responsible for trading crude oil, refined fuels, biofuels, natural gas, LNG, and LPG.
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BASF Coatings Carlyle completes sale for EUR 7.7 billion
BASF Coatings Carlyle concludes a EUR 7.7 billion transaction that gives rise to Surventis and redefines the global industrial coatings market.
Vopak BESS Drives 200 MW Project in the Netherlands
Vopak BESS consolidates Royal Vopak's entry into energy storage with a 200 MW system designed to reinforce the Dutch electrical grid.
Yara Acquires Ammonia Plant in Texas for $1.3 Billion
With a nominal production capacity of 1.3 million tons of ammonia per year, the plant is currently in the commissioning phase.
World Bank Finances New Clean Energy Project in Morocco
The approval came two days after the World Bank Group announced the abandonment of its goal to allocate 45% of its lending resources to projects with climate benefits.
Fire at Haldia Petrochemicals Affects Naphtha Line in India
Naphtha is a highly flammable hydrocarbon used as feedstock for the production of ethylene, propylene, and other essential petrochemical products.
Global energy electrification redefines the transition by 2035
Global energy electrification is gaining prominence on the road to COP31 as a strategy to cut emissions, strengthen power grids, and reshape demand by 2035.
JERA Drives Global LNG Strategy from Singapore
Japan's largest power generator reorganizes its international LNG strategy through a new platform located in Singapore.
TEPSA Tarragona terminal expansion adds €18.3 million
TEPSA Tarragona terminal expansion adds eight new tanks with an €18.3 million investment to strengthen chemical and biofuel logistics.
National Grid and Joulent drive energy for data centers
National Grid acquires Joulent for USD 1.75 billion to develop 2.7 GW of electricity generation capacity in Texas for artificial intelligence data centers.
Oceaneering drives offshore operations in Trinidad and the Gulf
Oceaneering will deploy the vessel Ocean Intervention II for geophysical survey, geotechnical, and pipeline inspection campaigns in Trinidad and the Gulf of Mexico for approximately six months.
UK power grid to invest £89 billion
The British energy system operator estimates that the country will need £89 billion to expand its transmission infrastructure and respond to the growth in electricity demand toward 2035.