LEAD PARAGRAPH: Canada’s Pulsar Helium Inc (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) has acquired mineral rights to about 5,742 acres in Michigan for $80,000 in cash, marking the helium explorer’s first entry into the U.S. state as it seeks to expand its footprint in the Upper Midwest region. The company said on Tuesday it bought 100%…
Tag: energy
Pakistan signs offshore, onshore exploration deals with OGDCL, Turkish Petroleum and partners
KARACHI: The Government of Pakistan on Wednesday executed petroleum exploration agreements for one offshore and two onshore blocks with a consortium of state-run and foreign firms, the country’s largest explorer said in a statement. The agreements, signed on Dec. 2, involve the Oil & Gas Development Company Limited (OGDCL), Turkey’s state-owned Turkish Petroleum Oil Company…
Statkraft divests $1.2 billion in assets as part of strategic overhaul
OSLO: Norwegian state-owned utility Statkraft AS said on Thursday it has signed deals to sell 13.5 billion crowns ($1.2 billion) worth of assets in the third quarter, a key step in a refocused strategy that comes as the company navigates lower power prices and hedging losses. The divestments, which include its district heating business and…
Riverstone Energy to sell Onyx Power to ResInvest Group for $49 million
LONDON: Riverstone Energy Limited (REL) announced the proposed sale of 100% of its interest in Onyx Power to ResInvest Group, a privately owned trading and investment company, supplying key commodities for global markets. Onyx Power is a European-based independent power producer that owns and operates approximately 2,350 MW of gross installed capacity of coal-, gas-,…
ADNOC L&S to build $300 million UAE chemicals port in 50-Year TA’ZIZ deal
ABU DHABI: ADNOC Logistics & Services (ADNOC L&S) has signed a 50-year strategic agreement with chemicals producer TA’ZIZ to establish the United Arab Emirates’ first dedicated chemicals port in Ruwais, the companies said on Thursday. The pact, valued at over $300 million, will see ADNOC L&S build, own and operate the port at the TA’ZIZ…
Jade Gas Holdings signs first LNG supply deal for Mongolia project
PERTH: Jade Gas Holdings Limited announced Thursday it has secured its first liquefied natural gas sales agreement for production from its coal bed methane project in Mongolia. The initial five-year agreement is with UB Metan LLC, Mongolia’s largest importer of natural gas products. The deal commits Jade to supply a minimum of 20% of its LNG…
Intertek acquires Australia’s Envirolab to expand environmental testing footprint
LONDON: Intertek Group plc (ITRK.L), a global provider of Total Quality Assurance services, said on Monday it has acquired Envirolab, a leading environmental testing and analysis firm based in Australia, as part of its strategy to expand in high-growth sustainability markets. The deal gives Intertek access to Envirolab’s five laboratories across Australia and New Zealand,…
Halma acquires Brownline for €150 million to bolster infrastructure technology portfolio
LONDON: Halma Plc (HLMA.L), the global group of life-saving technology companies, announced on Tuesday that it has acquired Brownline, a Netherlands-based provider of gyroscopic locating systems, for €150 million (approximately £129 million) in cash. The acquisition, funded from Halma’s existing facilities on a cash- and debt-free basis, is a strategic move to expand the company’s…
Chariot Limited announces strategic review of its Transitional Power Division
LONDON: Chariot Limited (AIM: CHAR), a company at the forefront of Africa’s transitional energy sector, has declared the commencement of a strategic review for its Transitional Power division. This division is dedicated to delivering sustainable power and water solutions across Africa, with a particular emphasis on renewable energy projects and electricity trading. Since its inception…
FDE acquires Greenstat, a leading green energy operator in Norway
PARIS: FDE, a carbon negative energy producer listed on Euronext, announced today that it has completed the acquisition of a controlling stake in Greenstat ASA, a leading green energy operator based in Norway, with a strong focus on hydrogen and solar activities. The acquisition, which was announced on January 16th 2024, aims to further strengthen…
Cloudbreak Discovery sells lithium database to Lonestar Lithium
LONDON: Cloudbreak Discovery Plc (LSE: CDL), a natural resource project generator and royalty business, has announced the sale of its proprietary database of lithium targets in Texas to Lonestar Lithium Inc. (OTC: LSLI). The database contains regional modelling and data compilation across eastern Texas, where lithium is a key commodity for the energy transition. Cloudbreak…
Enterprise Products Partners acquires Pipeline and Fractionator from Western Midstream for $400m
Enterprise Products Partners L.P. (NYSE: EPD), a leading North American provider of midstream energy services, announced on Tuesday that it has acquired pipeline and fractionator interests from Western Midstream Partners, LP (NYSE: WES) for $400 million in cash. The deal includes a 20 percent stake in Whitethorn Pipeline Company LLC, which owns a 620,000 barrel…