Vertical Aerospace (NYSE: EVTL), a global aerospace and technology company pioneering zero-emissions aviation, has announced the start of testing on its most advanced eVTOL aircraft, unveiled last week. Initial powered ground tests, including propeller balancing, have been successfully completed. These…
Spearmint Energy, a leading renewable energy company specializing in battery energy storage, announced that Elda River Capital Management has joined its $200 million enhanced credit facility. This facility is supported by Nuveen’s Energy Infrastructure Credit team and Aiga Capital Partners.…
The President of the Republic of Congo, Denis Sassou Nguesso, met with Eni CEO Claudio Descalzi in Brazzaville. The meeting included the Minister of Hydrocarbons, Bruno Jean Richard Itoua; the General Director of SNPC, Maixent Raoul Ominga; and Eni’s COO…
Banpu NEXT, a leading smart energy solutions provider in Asia-Pacific, has strategically invested in GMI Cloud, an emerging GPU cloud platform designed for AI workloads and AGI infrastructure. This partnership aims to leverage the rapid growth in AI to enhance…
The International District Energy Association (IDEA) has announced the winners of the 2023 District Energy Space Award at its 115th annual conference in Orlando, Florida. “This year’s recipients continue a trend of significant growth in district energy adoption worldwide, underscoring…
Kinder Morgan, Inc. (NYSE: KMI) announced today that its board of directors has approved a cash dividend of $0.2875 per share for the second quarter ($1.15 annualized). The dividend will be payable on August 15, 2024, to shareholders of record…
Aqua Pennsylvania announced today it secured low-interest loan funding through the Pennsylvania Infrastructure Investment Authority (PENNVEST) to support its ongoing commitment to replace aging infrastructure across Pennsylvania. The $77.5 million in funding will support 21 projects to install new and…
Aramco, a leading global energy and chemicals company, has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The transaction, pending standard closing conditions,…
Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today second quarter 2024 financial and operational results. Summary Results and Highlights “In the second quarter we delivered strong operating and financial performance and demonstrated the value of Liberty’s competitive…
Forum Energy Technologies, Inc. (NYSE: FET) today announced that it will redeem $60 million in aggregate principal amount of its 9.000% Convertible Senior Secured Notes due 2025 (“2025 Notes”) at par on August 16, 2024. For the second quarter 2024,…
The supply chain planning market in 2024 is marked by improved alignment between planning and execution, driven by integrations across planning, logistics, and warehouse systems. Planning vendors have enhanced the user experience by combining generative AI capabilities with heuristics, machine…
Workrise has unveiled its latest innovation, Workrise Vendor Management, a comprehensive source-to-pay solution tailored for the energy industry. This new offering integrates specialized software with expert services to optimize collaboration among energy operators, suppliers, and field personnel in meeting the…