Reabold's co-CEOs warned of 'very significant' conflicts of interest in their proposed replacements, while dissenting shareholders said 'certain disaster' awaits the company without a change of strategy.
By Lawrence Johnson, Partner and Energy & Infrastructure Deals Tax Leader at PwC UK
Renewables:Whilst the wider transactions market has slowed down in recent months, transaction activity in the renewables sector has remained very active, particularly with respect to greenfield renewable financing.
Azerbaijani Foreign Minister Jeyhun Bayramov told reporters Thursday there’s no risk to his country’s natural gas project led by France’s TotalEnergies despite escalating tensions between the two countries.
EIG has "admired Ocyan for many years and have been impressed by their ability to develop ambitious projects through challenging economic environments”, he said.
Norway’s largest pensions’ manager divested $15 million from Gulf companies on concerns they may facilitate human rights violations, and decided to exclude Saudi Aramco because of climate risks.
Energy logistics firm ASCO plans to increase profitability by 50% over the next five years, with the majority of its returns coming from new energies by 2030.
Europa Oil and Gas (AIM: EOG) and i3 Energy (AIM: i3e) are considering plans to pick up the Tain North Sea discovery given up by Repsol earlier this year.
Chancellor Jeremy Hunt will announce the next UK budget on March 6, giving the governing Conservatives what’s likely their last opportunity to announce giveaways before a general election.
Russia expects Brent prices to average between $80 and $85 a barrel next year amid OPEC+ output cuts, Deputy Prime Minister Alexander Novak said in a TV interview.
It is fair to say 2023 has been a tough year for the wind turbine industry. After years of exceptional growth, accelerated technology innovation and declining costs, the sector was hit with multiple challenges sending ripples of delays and doubts.
“Pipeline Production worked their magic, completing the welding and FJC qualification programmes at a super-fast pace. Equipment preparation was a push, but in true Allseas style everything was delivered on time,” the company said on LinkedIn.
UAE-based fabrication firm Lamprell has signed a "very large capacity" supply agreement for two major offshore wind developments off the coast of Norfolk.