Transocean to Buy Valaris in Near $6B Deal

Transocean Ltd and Valaris Limited announced, in a joint statement, the signing of a definitive agreement to combine the two companies. Under the agreement, Transocean will acquire Valaris in an all-stock transaction valued…

Top Stories Of The Day: NTPC REL Issues 1,000 MWh BESS Tender; TPL Acquires 26% Solar SPV Stake

NTPC Renewable Energy Limited has issued a global tender for a 1,000 MWh battery energy storage system at its Bikaner solar plant. The project aims to enhance grid stability, enable…

MAHAPREIT Invites RFP For 2 MW Rooftop Solar Project At Amul Dairy Plant In Nagpur

Representational image. Credit: Canva The Mahatma Phule Renewable Energy & Infrastructure Technology Limited (MAHAPREIT), a Government of Maharashtra undertaking and a subsidiary of MPBCDC, has invited a Request for Proposal…

Iberdrola’s Avangrid Starts Up 269 MWdc Daybreak And Bakeoven Solar Plants In Oregon, Supplying Clean Power To PGE Under Statewide Renewable Access Program

Representational image. Credit: Canva Iberdrola has placed two new solar power plants into commercial operation in Wasco County, Oregon, through its U.S. subsidiary Avangrid. The newly launched facilities, Daybreak Solar…

Hedge Funds Increase Bullish Oil Bets Amid Rising Iran Tensions

Money managers have increased bullish wagers on crude oil to the highest levels in months, with renewed geopolitical risk tied to Iran pushing energy markets back toward supply-focused…  

Transocean To Buy Offshore Rig Contractor Valaris For $5.8 Billion

Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B,…  

Shell’s Oil Reserves Have Dropped To Lowest Levels Since 2013

British Oil and Gas giant Shell Plc. (NYSE:SHEL) needs an exploration breakthrough or a big merger after its oil reserves fell to the lowest levels since…  

EVE Energy Brings Solar And Storage Power To Kuala Lumpur International Airport

Representational image. Credit: Canva EVE Energy Co., Ltd., along with its partners, has signed a contract for a major solar-plus-storage project at Kuala Lumpur International Airport (KLIA), marking the company’s…