INTRICATE, VERSATILE, LAVISH

EET Secures $350 Mn Financing For Decarbonisation

EET Fuels, the trading name of Essar Oil - UK, said it has attracted new financing facilities demonstrating market confidence in the company’s decarbonisation strategy, market position and strategic importance. According to the official press release, the company has agreed $350 million in re-financing through a combination of a new bank financing and upsizing of existing trade credit financing facilities in this quarter. This follows the announcement in October 2024 of $650 million in financing facilities including a new receivable facility with ABN AMRO Bank and the extension of ..

Oil Prices Hover Near 4-Month Highs

Oil prices eased but remained near four-month highs as the impact of fresh U.S. sanctions on Russian oil remained the market's main focus, ahead of U.S. inflation data this week. Brent futures slipped 53 cents, or 0.7%, to $80.48 a barrel by 0746 GMT, while U.S. West Texas Intermediate (WTI) crude fell 44 cents, or 0.6% to $78.38 a barrel. Prices jumped 2% on Monday after the U.S. Treasury Department imposed sanctions on Gazprom Neft and Surgutneftegas as well as 183 vessels that trade oil as part of Russia's so-called "shadow fleet" of tankers. "Headlines surrounding Russia oil sanctions ha..

Brightnight Commissions 115 MW Hybrid Renewable Projects

BrightNight, a global renewable energy producer, has commissioned the first phase of its 115 MW hybrid renewable power project, Optima Maharashtra, in Dharashiv, southern Maharashtra. This is one of the state’s first co-located wind-solar projects and marks BrightNight’s initial energy delivery to India’s power grid, advancing the country’s mission to decarbonize its energy sector. Spanning approximately 14,000 acres, the project integrates advanced wind and solar technologies supported by BrightNight’s proprietary AI-enabled PowerAlpha® platform. The facility will generate dispatc..