Fossil fuel companies will be allowed to explore for oil and gas under offshore wind-power sites for the first time. The UK government is issuing new licenses allowing fossil fuel companies to explore in previously declared North Sea offshore wind zones.The North Sea Transition Authority, which... More

Brightline has chosen Siemens Mobility as its preferred bidder to provide rolling stock on its new venture Brightline West. The contract will provide for a fleet of 20 EMU trainsets and a 30-year maintenance agreement.Brightline West is a new high-speed project that will connect Southern California... More

Antwerp-headquartered CMB.TECH plans to spend $3.5 billion on developing green hydrogen projects in Namibia, including a massive green ammonia production complex in the Namib desert along the country’s coastline.The subsidiary of shipping firm Compagnie Maritime Belge reportedly aims to... More

Glencore is reportedly considering making a takeover offer for Anglo American that could trigger a multibillion-pound bidding war for the company.It prompted a 3% jump in Anglo American’s share price, giving the miner a market valuation of about £37 billion, well above the proposed... More

Reserve Bank of India has proposed stricter lending rules for project finance, including higher bank provisioning during the construction and operational phases.Under the proposed rules, a bank will have to set aside 5% of the exposure during the construction phase. Once the project reaches the... More

Italian helicopter operator Elifriulia has signed an ECA-backed €25 million loan to finance the purchase of three Airbus H145 rescue helicopters from Airbus.The loan by Unicredit was supported by Euler Hermes. Watson Farley & Williams advised UniCredit, while Eliance Group and Elifriulia... More

Louis Dreyfus Company won’t support Olam Agri Holding's offer for Australia's Namoi Cotton.LDC, which holds a 17% stake in the producer, would not accept Olam Agri’s offer, it said. LDC and Olam Agri have progressively raised their bids over the last few months.Olam’s most... More

UKEF has agreed to provide financial support to a range of Egyptian projects alongside the General Authority for Investment and Free Zones of Egypt (GAFI).An MoU signed between GAFI and the UK's foreign ministry aims to facilitate cooperation between the two countries and foster investment and... More

ExxonMobil is "optimistic and pushing forward" with its delayed Rovuma LNG project in Mozambique and expects a FID at the end of next year, a company official said.ExxonMobil and its partner Eni are developing the Rovuma LNG project in offshore Area 4 in northern Mozambique, with Exxon... More