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Woodside Energy Signs EPC Contract with Bechtel for Louisiana LNG Project

Woodside Energy Group and the U.S. company Bechtel signed a contract for engineering, procurement, and construction on Thursday with their Louisiana l

Woodside Energy Group and the U.S. company Bechtel signed a contract for engineering, procurement, and construction on Thursday with their Louisiana liquefied natural gas. Three manufacturing trains totalling 16.5 million tonnes per year will have their foundations developed with the help of this EPC contract. With total planned expenditures from December through the first quarter of 2025 estimated at up to $1.3 billion, Woodside intends to make a final investment decision FID by then. According to previous projections, the foundation development will cost between $900 and $960 per tonne of LNG. This aligns with Woodsides $1.2 billion purchase of developer Tellurian Inc. in October. The project is approved for a 27.6 million tonne yearly capacity. Read More..

B2B Tech News | 7 months ago        

Qatar Announces £1 Billion Investment in UK Climate Technology During Emir’s State Visit

A portion of the £1 billion $1.3 billion Qatar intends to invest in climate technologies in the UK will go to engineering company RollsRoyce to suppo

A portion of the £1 billion $1.3 billion Qatar intends to invest in climate technologies in the UK will go to engineering company RollsRoyce to support its energy transition projects. This news was made as Qatari Emir Sheikh Tamim bin Hamad Al Thani was in Britain on a state visit. He is scheduled to meet with Prime Minister Keir Starmer. The initiative intends to build climate technology hubs and generate thousands of employment in both nations, emphasising improvements in carbon management, renewable fuels, and energy efficiency. Lower carbon technologies are crucial for facilitating the energy transition, according to RollsRoyce CEO Tufan Erginbilgic. Notable properties like the Canary Wharf and the Shard are among the Qatari Investment Authoritys substantial investments in the UK. Read More..

B2B Tech News | 7 months ago        

President Biden Makes Historic First Visit to Angola, Strengthening U.S.Angola Relations

The first time a sitting U.S. president visited Angola was Tuesday when U.S. President Joe Biden met with Angolan President João Lourenço in Luanda.

The first time a sitting U.S. president visited Angola was Tuesday when U.S. President Joe Biden met with Angolan President João Lourenço in Luanda. During their discussions, Biden highlighted a $3 billion U.S. investment in the Lobito Corridor railway redevelopment project. He expressed satisfaction with the two countries Cold Warera alliance. By improving raw material transit between Angola, Zambia, and Congo, this corridor seeks to offset Chinas regional influence. Like Chinas Belt and Road plan, the railway project supports U.S. efforts to improve African infrastructure and trade. To recognise the historical ties between the two countries and talk about potential future collaboration, Biden will also stop by Angolas National Slavery Museum. Read More..

B2B Tech News | 7 months ago        

Barclays Agrees to $19.5 Million Settlement in Manhattan Securities Fraud Lawsuit

A Manhattan securities fraud case against Barclays has been settled for $19.5 million. The shareholders claimed that the bank had misled them about it

A Manhattan securities fraud case against Barclays has been settled for $19.5 million. The shareholders claimed that the bank had misled them about its adherence to regulatory requirements. The case was brought after Barclays acknowledged in March 2022 that it had sold $15.2 billion more in structured and exchangetraded notes than the $20.8 billion U.S. regulators approved, including an additional $17.7 billion. According to shareholders, relying on Barclays guarantees about its internal controls and regulatory compliance led to losses. The tentative settlement was submitted to a federal court and needs U.S. District Judge Katherine Polk Faillas permission. Barclays still disputes any misconduct regarding compensation. Read More..

B2B Tech News | 7 months ago        

BlackRock Acquires HPS Investment Partners for $12 Billion in Strategic Move to Expand Private Credit Portfolio

BlackRock announced that it will acquire private credit company HPS Investment Partners for about $12 billion in an allstock transaction to increase i

BlackRock announced that it will acquire private credit company HPS Investment Partners for about $12 billion in an allstock transaction to increase its footprint in the quickly expanding private credit sector. Nonbank lending has increased due to tighter rules imposed on regular banks by 2029, private credit is predicted to reach $2.6 trillion. The transaction will create a comprehensive private credit franchise worth about $220 billion by combining BlackRocks current $85 billion private credit platform with HPSs $148 billion assets under management. This action is a component of BlackRocks larger plan to strengthen its alternative asset management skills and increase chances for feegenerating in the face of growing competition in the private credit market. Read More..

B2B Tech News | 7 months ago        

Chile to Invest $83.18 Billion in Mining Projects from 2024 to 2033, Cochilco Study Reveals

Research by the staterun organisation Cochilco estimates that Chile will invest about $83.18 billion between 2024 and 2033, a 27% increase over last y

Research by the staterun organisation Cochilco estimates that Chile will invest about $83.18 billion between 2024 and 2033, a 27% increase over last years estimates. Fiftyone projects in Chile, the worlds most significant producer of copper and the secondlargest producer of lithium, which are necessary for rechargeable batteries, are detailed in the report, which is scheduled to be presented on Wednesday. Interestingly, this amount does not include BHPs newly revealed $14 billion expansion plan for projects like Escondida, the worlds largest copper mine, which could raise total investments to nearly $100 billion. The increase is primarily due to 11 new projects totalling around $15.66 billion, with over 52% of the entire budget, or $42.96 billion, allocated to projects scheduled for 2024–2026. Read More..

B2B Tech News | 7 months ago        

India and Italy Launch ‘Cotton Route’ Initiative to Strengthen Bilateral Trade Relations

With Italy hoping to become Indias thirdlargest trading partner in the EU, the two countries have started the Cotton Route effort to strengthen their

With Italy hoping to become Indias thirdlargest trading partner in the EU, the two countries have started the Cotton Route effort to strengthen their economic and trade relations. In addition to supporting the development of new industries, the alliance aims to deepen ties in fields like space technology and defence. Improving port facilities and logistics is a key component of this effort to increase exports between the two countries and streamline operations. This action shows a calculated attempt to improve economic connections and generate chances for innovation and trade that benefit both parties. Read More..

B2B Tech News | 7 months ago        

Singapore Becomes Largest Source of FDI to India, Contributing 50% of Total Investments

In the July–September quarter of 2024–25, Singapore was Indias biggest provider of Foreign Direct Investment FDI, contributing 50% of all inward i

In the July–September quarter of 2024–25, Singapore was Indias biggest provider of Foreign Direct Investment FDI, contributing 50% of all inward investments, or USD 13.6 billion. Given that total FDI inflows increased by 43% over prior periods, this represented a notable rise. In a recent social media post, Singapores High Commissioner to India, HC Wong, highlighted this robust investment partnership. With total investments from April 2000 to March 2024 of around USD 159.94 billion, Singapore made about USD 11.77 billion in foreign direct investment in the fiscal year 2023–2024. Furthermore, with USD 35.61 billion in bilateral trade in 2023–2024, Singapore was Indias sixthlargest international trading partner. Read More..

B2B Tech News | 7 months ago        



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