LONDON: Sintana Energy Inc. plans to list on the Namibia Securities Exchange, aiming to become the first oil and gas company offering Namibians direct ownership in the country’s offshore energy developments, the company announced Tuesday. The Canadian-based firm, which trades on the TSX Venture Exchange, AIM and OTCQX, said it has engaged IJG Securities (Pty)…
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Zenith Energy reports progress in Tunisia arbitration, Notes vandalism at oil site
LONDON: Zenith Energy Ltd. said Tuesday the Republic of Tunisia has formally recognized its subsidiary’s ownership of two oil production concessions, marking a significant step in ongoing arbitration proceedings before the International Centre for Settlement of Investment Disputes. The concessions, Robbana and El Bibane, are held by Ecumed Petroleum Tunisia Ltd., Zenith’s fully owned subsidiary….
UK manufacturing under threat as high energy costs choke investment
Persistently high energy prices are putting serious pressure on Britain’s manufacturing sector, creating what industry leaders warn could become a lasting threat to the country’s industrial competitiveness. A new joint report by the Confederation of British Industry (CBI) and Energy UK says sky-high energy costs are not only eating into company profits but also discouraging…
Sunda Energy to acquire New Zealand oil and gas assets, raise £6.7 mln
LONDON: Sunda Energy Plc (AIM: SNDA) said on Wednesday it has agreed to acquire Matahio Energy NZ Limited from Singapore-based Matahio Ventures Pte. Ltd., in a deal that will give the AIM-quoted explorer full ownership of a portfolio of producing and exploration permits in New Zealand’s Taranaki Basin. The acquisition, effective from Jan. 1, 2026,…
TotalEnergies and Masdar to form $2.2 billion JV to accelerate renewable energy growth in Asia
PARIS: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), a global integrated multi‑energy company, and Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, have signed a binding agreement to establish a $2.2bn 50/50 joint venture (JV) that will merge their onshore renewable activities in nine countries across Asia. As electricity demand accelerates across Asia, this partnership…
Energy Technologies acquires Maradin’s laser optical IP portfolio
SYDNEY: Energy Technologies Ltd (ASX: EGY) said on Monday it has acquired the laser optical engineering intellectual property portfolio of Israel-based Maradin Ltd through its wholly owned subsidiary Cogenic Pty Ltd, in a deal aimed at advancing late-stage prototype development for laser projection systems. The acquisition positions Cogenic as a developer of full laser projection…
Zenith Energy expands Italian solar portfolio, restarts gas field
LONDON: Zenith Energy Ltd. announced Thursday it has acquired a new solar project in Italy’s Puglia region and will restart production at a natural gas field, citing heightened geopolitical tensions and expected price increases. The international energy company said the photovoltaic development project has an expected installed capacity of 10 megawatts peak. The site includes…
Aurora Energy Metals names Aidan Platel as Managing Director and CEO, Warren Hallam as Board Chair
PERTH: Aurora Energy Metals Limited (ASX: 1AE) has appointed Aidan Platel as its new managing director and chief executive officer, effective immediately. The company also announced Warren Hallam has assumed the role of non-executive chair following the retirement of founding chair Peter Lester. Platel, a geologist with more than 25 years in the global minerals…
AFC Energy, Komatsu sign deal to develop ammonia-fueled engines for heavy equipment
LONDON: AFC Energy, a provider of hydrogen power technology, announced Tuesday it has signed a joint development agreement with heavy equipment manufacturer Komatsu Ltd. to explore creating an ammonia-fueled engine for construction and mining machinery. The agreement, also involving Komatsu affiliate Industrial Power Alliance Ltd., aims to integrate AFC Energy’s ammonia cracking technology with a…
Centrica sells European energy solutions businesses and Panoramic Power
LONDON: Centrica announces that it has completed the disposal of a number of non-core energy solutions businesses. The energy solutions businesses in Italy and the Netherlands have been sold to Joulz, a 3i Infrastructure portfolio company, and the Hungarian business has been disposed of via a management buyout. The Company has also finalised the sale…
VAALCO Energy sells non-core producing properties in Canada for $25.6 million
HOUSTON: VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) today announced that it had entered into an agreement for the sale of all of its non-core producing properties in Canada to a third party for approximately $35.0 million Canadian Dollars (USD $25.6 million), subject to customary closing adjustments. The Canadian properties current working interest (“WI”) production…
Technologies New Energy acquires CleverSearch Lda
LONDON: Technologies New Energy plc (LSE: TNE), the energy transition company focused on developing clean energy projects to drive industrial decarbonisation for clients with international operations, announces that its wholly-owned subsidiary, Technologies New Energy, S.A. (“TNE S.A.“) has acquired a 90% interest in CleverSearch Lda (“CleverSearch”), a local project development company incorporated in the Azores (the “Acquisition“). CleverSearch…