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Woodside Energy Group Ltd. has reached an agreement with financial backers for an underwritten debt instrument sale with a principal amount of $3.5 billion in the United States market. The senior unsecured notes consist of $500 million maturing 2028 with a 4.9 percent interest, $1.25 billion due 2030 with a 5.4 percent coupon, $500 million due 2032 with a 5.7 percent interest and $1.25 billion due 2035 with a six percent interest. The underwriters are Barclays Capital Inc., JP Morgan Securities LLC, BofA Securities Inc., Goldman Sachs & Co. LLC and UBS Securities LLC, according to a filing with the United…

Global private capital investment firm Carlyle announced the launch of Revera Energy, a new platform that will invest in and develop sustainable and clean energy infrastructure solutions in Australia and the UK. Revera will develop, build, own, and operate energy infrastructure projects involving battery storage, renewable power, and green hydrogen. The projects will include those in Carlyle’s current portfolio, comprised of projects carved out and acquired from Amp Energy in Australia and the UK. Carlyle announced an initial $374 million investment in Amp Energy in 2021, and to date has invested more than $440 million in Amp’s global energy transition platform.…

New Fortress Energy Inc. (NFE) has closed the sale of its assets and operations in Jamaica to Excelerate Energy, Inc. for $1.055 billion. Excelerate has acquired full ownership of NFE’s liquefied natural gas (LNG) import terminal in Montego Bay, an offshore floating storage and regasification terminal in Old Harbour, and a 150-megawatt (MW) combined heat and power plant in Clarendon, along with the associated infrastructure. Proceeds from the transaction will be used to reduce NFE’s corporate debt and for general corporate purposes, the company said in a news release. “The closing of the sale of our Jamaican assets to Excelerate…

According to the Texas Independent Producers and Royalty Owners Association’s (TIPRO) analysis, direct Texas upstream employment for April totaled 206,000. That’s what TIPRO said in a statement sent to Rigzone on Friday, which cited the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS). In the statement, TIPRO highlighted that the April figure was “an increase of 1,700 industry positions from March employment numbers, subject to revisions”. TIPRO also noted in the statement that this represented an increase of 900 jobs in the services sector and 800 jobs in oil and gas extraction. “TIPRO’s new workforce data still…

Eni SpA has signed a deal with Ares Alternative Credit Management to negotiate a potential divestment of 20 percent of its renewable energy (RE) arm to the investment fund. The potential sale places an equity value of EUR 9.8 billion ($11 billion) to EUR 10.2 billion on Eni Plenitude SpA Società Benefit, “corresponding to an enterprise value of more than EUR 12 billion”, Italian state-backed Eni said in a brief statement. “The agreement follows a thorough selection process involving several prominent international players who expressed strong interest in the company, further confirming the great appeal of its business model and its growth prospects”, added…

Sam Altman has said that, while people worry about AI replacing white-collar jobs, something else will catch them off guard.In a Bloomberg interview that aired Tuesday, the OpenAI CEO said that “the world isn’t ready for” humanoid robots walking down the street.”I don’t think the world has really had the humanoid robots moment yet,” he said.He said people could soon be walking down the street and seeing “like seven robots that walk past you doing things or whatever. It’s gonna feel very sci-fi.”And he said that moment isn’t “very far away.””I don’t think that’s very far away from like a…

The European Commission announced that it has selected 15 projects across the European Economic Area (EEA) to receive €992 million (USD$1.1 billion) in funding to produce renewable hydrogen, a key element of efforts to decarbonize heavy industry and transport. According to the Commission, the projects, located across Germany, Spain, Finland, Norway and the Netherlands, are expected to produce nearly 2.2 million tonnes of renewable hydrogen over ten years, avoiding more than 15 million tonnes of C02 emissions. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for industrial and transport…

Half of China’s truck sales are set to be electric vehicles by 2028, according to the top executive of Chinese battery giant CATL, which holds more than a third of the global EV battery market. Trucks with CATL batteries could cut cost per ton-kilometer by 35% versus trucks running with internal combustion engine, CATL’s chairman and chief executive officer, Robin Zeng, told the Financial Times in an interview. More than a dozen truck manufacturers in China are using a CATL standardized battery on about 30 electric truck models, Zeng says. The battery manufacturer is currently building a network of stations in China to…

At 10:48 GMT, Light Crude Oil Futures are trading $62.63, down $0.60 or +0.97%. Middle East Tensions Lift Crude as Iran-Israel Fears Mount The upside in oil prices was driven largely by reports that Israel could be preparing a strike on Iranian nuclear facilities. Citing multiple U.S. officials, CNN reported that Israeli military plans are in motion, though a final decision has not been confirmed. The possibility of such an escalation is raising alarms across energy markets. ING analysts noted that an Israeli strike could not only threaten Iran’s exports—over 1.5 million barrels per day—but also pose a broader regional…

Amazon is building a new robotics fulfillment center in Goochland County, Virginia, and it’s expected to bring more than 1,000 jobs to the area. Governor Glenn Youngkin announced the news, calling the project “a resounding affirmation of Virginia’s business-friendly environment and the quality of our workforce.” What’s RelatedThe facility, known as RIC6, will be 3.1 million square feet with a 650,000-square-foot building footprint. It’s being built on a 107-acre site at 2022 Ashland Road. “Amazon’s continued expansion in Virginia is a testament to the collaboration between state, regional and local partners who are committed to smart, strategic growth,” said Secretary…