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Investment firms Brookfield Asset Management and KKR could be potential bidders to buy South Korea’s third-biggest industrial gas supplier, DIG Airgas, from Macquarie Asset Management in a transaction that could be worth up to $3.6 billion, Reuters reported on Tuesday, citing sources familiar with the development.Earlier this year, Macquarie put DIG Airgas up for sale and has already hired JP Morgan and Goldman Sachs to manage the sale. The seller expects to receive non-binding bids for the industrial gas company as soon as this month, according to Reuters’ sources.Apart from Brookfield and KKR, infrastructure funds including I Squared Capital and…

Halliburton has bagged a five-year contract to service Repsol SA’s assets on the United Kingdom’s side of the North Sea. “Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments”, Houston, Texas-based Halliburton said in a press release. The contract also covers decommissioning. “The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimize well construction, production, and intervention to maximize plug and abandonment operations”, Halliburton added. “The two companies aim to establish an industry standard for innovation and economic growth”. Repsol-NEO JV In March Spain’s Repsol and Aberdeen-based NEO Energy Group Ltd. announced a deal to consolidate their…

Computer servers in a data center.getty B.Grimm Power—controlled by Thai billionaire Harald Link—is partnering with Singapore’s Digital Edge to build a $1 billion data center in Thailand amid booming demand for AI-powered applications in the region. The duo formed joint venture, Digital Edge B. Grimm, which will build data centers across Thailand, starting with a 96-megawatt (MW) data center in Chonburi province, around 100 km southeast of Bangkok, according to a statement released on Monday. “Our collaboration with Digital Edge is a major milestone in our commitment to Thailand’s digital future,” Harald Link, group president of B.Grimm Power said in…

The growth is largely driven by individual buyers even as the taxi segment accounts for about one-fifth of CNG car sales, as per industry estimates.Car buyers in India are increasingly opting for compressed natural gas (CNG)-powered vehicles amid high fuel prices and increased choices in a sluggish market.The share of CNG models in total passenger vehicle sales more than tripled in five years to 19.5per cent last fiscal—pulling ahead of diesel cars—from 6.3per cent in 2019-20.The share of petrol cars fell sharply to 57.7per cent from 76.3per cent during the same period, attesting this pronounced shift, while diesel car sales…

Global investment company XRG has set a goal of building a top-five integrated gas and liquefied natural gas (LNG) business with a capacity of 20-25 million metric tons per annum (MMtpa) by 2035. Abu Dhabi National Oil Co. (ADNOC) launched the platform late last year to drive the United Arab Emirates’ expansion in the chemical, low-carbon energy and natural gas markets. XRG’s board has now approved a five-year plan (2025-30). “In its first six months, XRG has established itself as a differentiated global energy investor with an enterprise value exceeding $80 billion”, XRG said in an online statement announcing the…

The union for Hollywood’s video game performers has reached a tentative contract with several video game companies that may bring an end to an almost year-long strike tied to the use of artificial intelligence.Members of the Screen Actors Guild-American Federation of Television and Radio Artists went on strike in July 2024 after negotiations with game industry giants came to a halt over artificial intelligence protections. SAG-AFTRA said that the unregulated use of AI posed “an equal or even greater threat” to performers in the video game industry than it does in film and television because the capacity to cheaply and…

Computer servers in a data center.getty B.Grimm Power—controlled by Thai billionaire Harald Link—is partnering with Singapore’s Digital Edge to build a $1 billion data center in Thailand amid booming demand for AI-powered applications in the region. The duo formed joint venture, Digital Edge B. Grimm, which will build data centers across Thailand, starting with a 96-megawatt (MW) data center in Chonburi province, around 100 km southeast of Bangkok, according to a statement released on Monday. “Our collaboration with Digital Edge is a major milestone in our commitment to Thailand’s digital future,” Harald Link, group president of B.Grimm Power said in…

The UK government said it would invest 14.2 billion pounds in the construction of the Sizewell C nuclear power plant as it seeks to boost energy security. The amount equals around $19.3 billion.“We need new nuclear to deliver a golden age of clean energy abundance, because that is the only way to protect family finances, take back control of our energy, and tackle the climate crisis,” energy minister Ed Miliband said in a statement, as quoted by Reuters.Sizewell C is a 3.2-GW nuclear power facility that is being developed by French EDF. The project was first announced in 2020, with…

The Defense Science and Technology Laboratory (Dstl) has trialed an underwater robot which can prevent adversaries from sabotaging undersea cables and pipelines by disarming or removing threats, a statement posted on the UK government website on Monday said. A commercially available remotely operated vehicle (ROV) has been adapted by the Dstl and industry partners to deal with sabotage threats and clear legacy unexploded ordnance, the statement noted, adding that these present hazards to both vessels and divers deployed to deal with them. “Dstl has incorporated or developed a number of systems to enable the ROV to detect unexploded ordnance and remotely place explosive…

By Charles Kennedy – Jun 10, 2025, 1:40 AM CDT Analysts from S&P Global and others predict crude oil prices may drop below $50 per barrel due to weak demand growth, the slowest since the pandemic. Despite the bearish fundamentals, prices are currently rising on optimism over U.S.–China trade negotiations and potential easing of export controls. China’s restrictions on rare earth exports and ongoing talks about reversing them have added volatility to markets and concern in global industries. Crude oil prices could decline below $50 a barrel this year, according to analysts from outlets including S&P Global. This will…