LONDON: Quadrise Fuels International (AIM: QED) has signed a joint development agreement with Alder Energy LLC, a U.S.-based biomass technology firm, to explore the use of Alder’s pyrolysis-derived products in biofuels for shipping and heavy industry. Alder Energy, known as Alder Renewables, specializes in upgrading pyrolysis oil into stable Alder Renewable Crude and associated products…
Search Results for: energy industry
Vulcan Energy receives building permits for phase one renewable power plant in Germany
SYDNEY: Vulcan Energy (ASX: VUL, FSE: VUL) announced it has secured building permits for a 30-megawatt geothermal renewable energy plant and electrical substation as part of its Phase One Lionheart Project in Landau, Germany. The project aims to integrate lithium production with renewable energy generation for Europe’s battery electric vehicle industry. The geothermal plant will…
Viper Energy to acquire Sitio Royalties in $4.1 billion all-stock deal
MIDLAND: Viper Energy Inc., a subsidiary of Diamondback Energy Inc., announced Monday it has agreed to acquire Sitio Royalties Corp. in an all-stock transaction valued at approximately $4.1 billion, including $1.1 billion in net debt. The deal, expected to close in the third quarter of 2025, will create one of the largest publicly traded mineral…
Jadestone Energy appoints Thomas Mitchell Little as Chief Executive Officer
LONDON: Jadestone Energy plc (AIM:JSE), an independent upstream production and development company focused on the Asia-Pacific region, announces the appointment of Thomas Mitchell (Mitch) Little as Chief Executive Officer (“CEO”) effective 1 June 2025. Mr. Little has relocated to Jadestone’s head office in Singapore. Mr. Little will be responsible for the delivery of Jadestone’s existing…
CEOs of Canadian energy companies urge action to strengthen economic sovereignty
TORONTO: Fourteen CEOs from Canada’s largest pipeline and oil and natural gas companies have issued an open letter to federal political leaders, calling for urgent regulatory reforms to bolster the nation’s economic sovereignty through its energy sector. The letter, signed by leaders from the four largest pipeline companies and 10 major oil and gas firms,…
Lazard appoints Chris Miller as Managing Director in Power, Energy & Infrastructure
HOUSTON: Lazard, Inc. (NYSE: LAZ) announced Wednesday that Chris Miller has joined the firm as a Managing Director within the Power, Energy & Infrastructure Advisory business, based in Houston. In his new role, Miller will advise clients in the Energy industry, with a focus on Oil & Gas. “Chris brings a wealth of expertise and a proven…
ReNu Energy to acquire Janus Electric
SYDNEY: ReNu Energy Limited (ASX: RNE) announced plans to acquire 100% of the issued share capital of Janus Electric Limited, a strategic acquisition that aims to position ReNu Energy as a leader in heavy transport electrification. The acquisition will be executed through a Share Purchase Agreement, with ReNu Energy issuing 50 million shares on a…
Kalina Power partners with Crusoe Energy to develop AI data centers in Alberta
CALGARY: Kalina Power Limited (ASX: KPO) has unveiled a strategic partnership with Crusoe Energy to develop artificial intelligence (AI)-focused data centers co-located with Kalina’s Power-CCS (carbon capture and sequestration) plants in Alberta, Canada. The collaboration aims to address the growing demand for clean, reliable energy to power the rapidly expanding digital infrastructure sector. Under the framework agreement,…
DeepSeek’s affordable AI models revolutionize industry in $6 million feat
DeepSeek, a Chinese AI company, has recently developed new AI models that have significantly impacted global companies’ profits. The company managed to build these models for just $6 million, a fraction of the usual cost, and has decided to release the technology for free. This move has disrupted the industry by drastically reducing the ongoing costs of…
SeaBird Exploration and Energy Drilling announce merger to form leading offshore oil and gas services provider
OSLO: SeaBird Exploration Plc, a leading provider of marine seismic acquisition services, announced today that it has signed a letter of intent to merge with Energy Drilling Pte Ltd, a premier tender-assisted drilling provider, in a share-for-share acquisition. The combined company will be a diversified offshore oil and gas services provider with strong cash flows…
Esyasoft agrees to acquire Good Energy in £99.4 million deal
LONDON: Esyasoft and Good Energy have reached an agreement on the terms of a recommended cash offer by Esyasoft for the entire issued and to be issued ordinary share capital of Good Energy, the companies announced Monday. The transaction will be carried out through a Court-sanctioned scheme of arrangement under Part 26 of the Companies…
Pennpetro Energy appoints Robert Menzel as new CEO
LONDON: Pennpetro Energy (LSE: PPP) announced that Robert Menzel has been appointed as Chief Executive Officer of the company with immediate effect. Robert is the founding member and Chairman of Globalvision International Lda, an international commodity trading organisation with a focus on developing oil and gas investment projects. His career experience includes setting up new…