As Uzbekistan looks to meet growing gas demand while phasing out inefficient Soviet-era power facilities, a DFI/ECA-backed financing for the 1.6GW Surkhandarya CCGT project has provided a deal template to help realise both initiatives. More
In October 2024 Trafigura closed a $2.8 billion borrowing base – the first in the syndicated market to use electronic bills of lading as collateral. How did the trader grapple with legal and technical questions and convince a group of 27 lenders to back this innovative new structure? More
JBIC and Osaka Gas are investing in a portfolio of renewable energy projects by India's Clean Max Enviro Energy Solutions. The Japanese gas company has formed a JV entity with Clean Max called ‘Clean Max Osaka Gas Renewable Energy'.Osaka Gas has identified India as one of its most... More
EIB and Orano have signed a €400 million loan (around $419 million) intended to part finance a €1.7 billion project to extend the Georges Besse 2 uranium enrichment plant in Tricastin in France. The project involves a 30% increase in uranium enrichment production capacity, i.e. an... More
Trafigura has closed its new 365-day European multi-currency syndicated revolving credit facilities totalling $1.9 billion, as well as the extension and increase of its $3.7 billion three-year facility. The new 365-day ERCF, initially launched at $1.5 billion, was substantially oversubscribed.... More
JBIC is providing project financing of up to £283 million for an offshore electricity transmission project for the Seagreen offshore wind farm in the UK. The loan is co-financed with Sumitomo Mitsui Trust Bank, Mizuho, and Aviva Life & Pensions UK, bringing the total co-financing amount to... More
Senior Advisor Bryce McFerran has been appointed Acting Chief Banking Officer of the Export-Import Bank of the United States.The move follows the designation of two senior US Ex-Im officials to key leadership positions, establishing a Board of Directors quorum.McFerran has over 20 years of... More
Venture Global has unveiled plans for a major expansion of its Plaquemines LNG facility south of New Orleans, Louisiana.The planned expansion will consist of 24 trains and would represent an approximately $18 billion additional investment. Venture Global proposes to expand the recently inaugurated... More
ORLEN and Naftogaz have signed a memorandum of cooperation in LNG sector to allow Ukraine to create a more diversified supply of the strategic commodity.ORLEN and Naftogaz signed a gas supply contract for around 100 million cubic metres of gas. The gas will be sourced from an LNG cargo to be... More
Eclipse Metals has signed a binding option and earn-in agreement with fellow ASX-listed Boss Energy to advance exploration at the Liverpool uranium project, in the Alligator Rivers uranium field of West Arnhem Land, Northern Territory. Under the terms of the agreement, Boss would initially... More
EIB Group is providing Croatia-based Erste&Steiermarkische Bank (ESB) with €132 million in support to expand lending to a range of businesses in the country. The backing is in the form of a €100 million guarantee from the EIB and two portfolio guarantees totalling €32 million... More
New World Resources has secured firm commitments for a A$14 million (about $8.85 million) institutional placement to accelerate development at its Antler copper project in Arizona.The placement, issued at A$0.020 a share, will see approximately 700-million new fully paid ordinary shares issued to... More
The Business Development Bank of Canada has unveiled a new C$500 million financing envelope to help SMEs directly impacted by the uncertainty around US tariffs.BDC is collaborating with governments, the private sector and stakeholders within the ecosystem that support businesses as part of the... More
Insurance brokerage and consulting firm Sterling Seacrest Pritchard has added two new client advisors - Mark Chapman and Josh Gibson.Chapman is based in Cleveland, Ohio and has experience working with a variety of clients across all industries including manufacturing, retail, consumer goods,... More
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Full detailsBHP has taken a right to acquire a 75% stake in Australia’s Cobre’s Kitlanya projects in Botswana in exchange for $25 million in funding for exploration activities.The deal follows Cobre’s selection in BHP’s Xplor program in January last year in which the smaller rival... More
Rio Tinto has ended plans to raise as much as $5 billion in a share sale following pushback from investors. Rio executives had floated the possibility of an equity offering in recent investor meetings, but Rio reportedly decided to shelve the idea after getting significant pushback, especially... More
Ocean Winds has been granted an Electricity Business License (EBL) by South Korea’s Electricity Regulatory Commission for its Hanbando Offshore Wind Project. The 1,125MW bottom-fixed project is located in the Exclusive Economic Zone (EEZ) of Incheon. The EBL grants the project exclusive... More
Bunker Hill Mining Corp (BNKR) has announced a significant capital restructuring to ensure the commissioning and restart of the Bunker Hill Mine in H2 2025.The company intends to complete a non-brokered private placement of equity units with Teck Resources for up to $40 million. It has also entered... More
Divento has signed a collaboration agreement with Saipem for the use of its STAR 1 floating offshore wind technology to support projects off Sicily and Sardinia.The companies will focus on the two projects with the aim of supporting their participation in the first auction planned under the Fer2... More
Charlie Ofner has joined Akin's global energy & infrastructure team as a partner in its Houston office.Ofner joins Akin from White & Case and previously served as senior counsel for Oasis Petroleum. His practice focuses on a wide range of energy and infrastructure transactions, including... More