The EU has made a landmark move to bolster its cyber defenses in the energy domain by enacting the network code on cybersecurity, designated as delegated act C/2024/1383, for the electricity sector. This first-of-its-kind regulation is set to significantly boost the resilience of key power
SBM Offshore's recent announcement of securing US$1.5 billion financing for the Floating Production Storage and Offloading (FPSO) vessel, Jaguar, is a significant development in the offshore industry. This investment, backed by a consortium of sixteen international financial institutions,
The collaboration between the European Investment Bank (EIB) and Haspa, Germany’s largest savings bank, provides a much-needed boost to small and medium-sized enterprises (SMEs), mid-cap companies, and renewable energy projects in Germany. Announced with much anticipation, the EIB is offering a €
SSE plc (LON:SSE) shares surged following the announcement of the company's strong half-year results, where the adjusted earnings per share (EPS) came in at 49.8p, significantly exceeding its initial guidance of at least 45p. The company has reaffirmed its projected full-year EPS target and
Westbridge Renewable Energy Corporation has recently made headlines with the successful sale of its 75% owned Alberta Sunnynook Solar PV Project to METLEN Energy & Metals. This significant transaction, involving a solar power plant project with a capacity of up to 332MWp, marks a pivotal moment
In a significant development affecting global oil markets, Brent crude oil prices have plummeted to $71.93 per barrel for the first time since early October, driven by easing tensions in the Middle East between Israel and Iran. This decline is particularly notable when considering that oil prices
