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September 2, 2022

Clearlight Energy appoints new leadership to steer 4.3 GW growth
Clearlight Energy announces the appointment of Carolyne Murff as Chief Executive Officer and Matt Mitchell as Chief Financial Officer, marking a new phase of development for its 4.3 GW renewable portfolio in North America.
Plains All American increases quarterly distributions by 10% ahead of annual earnings
Plains All American Pipeline and Plains GP Holdings announce a 10% increase in quarterly distributions ahead of their fourth quarter 2025 financial results release.

Eni consolidates refining operations under new industrial entity

Eni has transferred its traditional refining branch to Eni Industrial Evolution, a new company dedicated to managing its industrial assets in Europe and the Middle East.
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Technip Energies completes acquisition of Ecovyst’s catalysts business for $530mn
Ecovyst has divested its Advanced Materials & Catalysts segment to Technip Energies, generating $530mn in net proceeds and reducing debt while refocusing on strategic priorities.
Baker Hughes finalises joint venture with Cactus for $344.5 million
Baker Hughes has completed the transfer of its surface pressure control business to Cactus in a majority joint venture, receiving $344.5 million to strengthen its liquidity and realign its industrial portfolio.

Occidental sells OxyChem to Berkshire Hathaway for $9.7bn

Occidental has completed the sale of its chemical subsidiary OxyChem to Berkshire Hathaway for $9.7bn, refocusing its activities on oil and gas. The transaction excludes the company’s historical environmental liabilities.
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Energy transition disrupts the financial balance of utilities in Asia-Pacific in 2026
With electricity demand accelerating, Asia-Pacific utilities must manage massive investment needs, volatile revenues and geopolitical tensions as the energy transition advances in a rapid but disorderly manner.
NU E Power raises $625,000 to accelerate energy projects in Canada and Asia
NU E Power Corp. closed a first financing tranche of $625,003 to support interconnection projects in Alberta and international feasibility studies, marking a new phase in the deployment of its energy infrastructure network.

Kraken raises $1 billion for tech independence amid global energy market shift

Octopus sells a minority stake in Kraken for $1 billion in a deal valuing the tech platform at $8.65 billion, initiating its spin-off and strengthening its position among international energy suppliers.
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SECI launches tender for power trading platform with five-year maintenance support
India’s public sector SECI seeks to outsource the design and management of an energy trading software platform, including technical support and human resources for five years at its New Delhi headquarters.
BayWa r.e. sells 2.2 GW of projects and prepares for independence by 2028
BayWa r.e. continues its strategic transformation with the sale of 2.2 GW of projects, a withdrawal from Asian markets, internal reorganisation, and a rebranding planned for 2026.

CB&I acquires Petrofac’s Asset Solutions business to strengthen global growth

CB&I acquires Petrofac's Asset Solutions division, targeting revenue diversification and geographic expansion, with nearly 3,000 new employees expected to join the group.
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Nexans sells Autoelectric to Motherson for €207mn, completing its strategic shift
French group Nexans initiates the sale of its Autoelectric subsidiary to India’s Motherson for €207mn ($227mn), marking its full exit from non-electrification activities.
Davidson Kempner and Fortress take control of Bourbon to relaunch growth
Bourbon enters a new strategic phase following the arrival of Davidson Kempner and Fortress, who have become majority shareholders after a financial restructuring approved by the French courts.

Armada joins Genesis programme to deploy sovereign compute power in the United States

US-based Armada has signed a memorandum of understanding with the Department of Energy to participate in the Genesis Mission, aimed at accelerating scientific research and reinforcing national energy and technology sovereignty.
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SECI partners with Global Energy Alliance to accelerate India’s grid modernisation
Solar Energy Corporation of India signed a strategic agreement with Global Energy Alliance to strengthen grid resilience and support the expansion of storage and smart management technologies.
Future Fund Oman engage $1.2bn pour accélérer 141 projets énergétiques et industriels
Le fonds souverain omanais a validé 141 projets en 2025 pour un engagement total de $1.2bn, visant à renforcer l’indépendance énergétique et l’industrialisation nationale à travers un programme d’investissement de $5.2bn.

Equinor contests €60mn fine imposed for maintenance failure

The Norwegian energy group rejects the sanction imposed for illegal gas discharges at Mongstad, citing disagreement over maintenance obligations and the alleged financial benefit.
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Alpine Power Systems acquires Chicago Industrial Battery to strengthen PowerMAX offering
Alpine Power Systems announces the acquisition of Chicago Industrial Battery to expand its regional presence and support the growth of its PowerMAX line of used and rental batteries and chargers.
HASI and KKR inject additional $1bn into joint venture for sustainable infrastructure
HASI and KKR strengthen their strategic partnership with an additional $1bn allocation to CarbonCount Holdings 1, bringing the vehicle’s total investment capacity to nearly $5bn.
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Empire Offshore Wind files lawsuit to lift federal suspension on wind project
India’s Russian oil imports drop in January as Reliance expects no deliveries
Vistra acquires Cogentrix for $4.7bn from Quantum Capital Group
Lane42 acquires Aqua Terra Permian to strengthen midstream assets in the Permian Basin
AEC calls for support to Venezuela’s stability to revive oil sector
Equans launches new entity for industries with complex processes
Equans Process Solutions brings together its expertise to support highly technical industrial sectors with an integrated offer covering the entire project lifecycle in France and abroad.
Zenith Energy shifts focus between Tunisian arbitration and Italian solar assets
Zenith Energy centres its strategy on a $572.65mn ICSID claim against Tunisia, an Italian solar portfolio and uranium permits, amid financial strain and reliance on capital markets.

Kamoa-Kakula mine in DRC targets 347 MW in electricity demand by 2028

Ivanhoe Mines expects a 67% increase in electricity consumption at its copper mine in DRC, supported by new hydroelectric, solar and imported supply sources.
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Q ENERGY France and AMRF sign agreement to accelerate rural electrification
Q ENERGY France and the Association of Rural Mayors of France have entered a strategic partnership to develop local electrification and support France's energy sovereignty through rural territories.
ACWA Power and Aramco secure $8.2bn financing for 15 GW renewable projects
ACWA Power, Badeel and SAPCO have secured $8.2bn in financing to develop seven solar and wind power plants with a combined capacity of 15 GW in Saudi Arabia, under the national programme overseen by the Ministry of Energy.

Hydro-Québec posts $2.83bn net income driven by electricity exports

Hydro-Québec reports a 29% increase in net income over nine months in 2025, supported by a profitable export strategy and financial gains from an asset sale.
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Antin plans to sell Idex, valued up to €4 bn, by 2026
Antin Infrastructure Partners is preparing to sell Idex in early 2026, with four North American funds competing for a strategic asset in the European district heating market.
EDF considers selling its US renewables to finance domestic nuclear programme
EDF could sell up to 100% of its US renewables unit, valued at nearly €4bn ($4.35bn), to focus on French nuclear projects amid rising debt and growing political uncertainty in the United States.

Hydro to close five European extrusion sites to strengthen competitiveness

Norsk Hydro plans to shut down five extrusion plants in Europe in 2026, impacting 730 employees, as part of a restructuring aimed at improving profitability in a pressured market.
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Dalkia wins control of Paris district heating network in €15bn, 25-year deal
The City of Paris has awarded Dalkia the concession for its urban heating network, a €15bn contract, ousting long-time operator Engie after a five-year process.
NU E Power finalises acquisition of 500 MW in assets and appoints new CEO
NU E Power Corp. completed the purchase of 500 MW in energy assets from ACT Mid Market Ltd. and appointed Broderick Gunning as Chief Executive Officer, marking a new strategic phase for the company.

BB Energy restructures Houston operations and cuts oil trading staff

Commodities trader BB Energy has cut over a dozen jobs in Houston and will shift some administrative roles to Europe as part of a strategic reorganisation.
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Ferrari signs ten-year contract with Shell for green electricity supply
Ferrari has entered into an agreement with Shell for the supply of 650 GWh of renewable electricity until 2034, covering nearly half of the energy needs of its Maranello site.
Iberdrola reshapes its portfolio to become a leader in transatlantic regulated networks
By divesting assets in Mexico, France and Eastern Europe, Iberdrola reduces exposure to non-strategic markets to strengthen its positions in regulated networks in the United Kingdom, the United States and Brazil, following a targeted capital reallocation strategy.

Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil

Iberdrola offers to buy the remaining 16.2% of Neoenergia for 32.5 BRL per share, valuing the transaction at approximately €1.03bn to simplify its Brazilian subsidiary’s structure.
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Paratus receives $38mn payment in Mexico through government fund
Paratus Energy Services collected $38mn via its subsidiary Fontis Energy for overdue invoices in Mexico, supported by a public fund aimed at stabilising supplier payments.
CrossBoundary Energy raises $200mn with Standard Bank and MIGA guarantee for industrial projects in Africa
CrossBoundary Energy secures a $200mn multi-project debt facility, backed by Standard Bank and a $495mn MIGA guarantee, to supply solar and storage solutions for industrial and mining clients across up to 20 African countries.

Mercuria raises $2.3bn to strengthen its energy presence in Asia

Mercuria finalises an Asian syndicated loan refinancing with a 35% increase from 2024, consolidating its strategic position in the region.
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Major US companies increase their presence at COP30 despite Washington
Sixty Fortune 100 companies are attending COP30, illustrating a growing disconnect between federal US policy and corporate strategies facing international climate regulations.
Tanmiah launches geothermal poultry site and signs three strategic energy agreements
Tanmiah Food Company signed three memorandums of understanding to reduce its emissions and launched the region’s first poultry facility cooled by geothermal energy, in alignment with Saudi Arabia’s industrial ambitions.