L&T secure multiple orders in the international and domestic markets.
Eni’s school for enterprise sign partnership agreement in Congo
L&T and General Atomics Aeronautical Systems entered strategic partnership
ElectriFI invests in East African solar, storage firm Sawa Energy
Ingka Investments funds a 210 MWp solar installation in Bikaner, Rajasthan, India,
CIP to acquire a combined pre-treatment and biogas plant from Ørsted
BW Energy provides an update on the Kharas-1 appraisal well
Hyundai announce new hydrogen fuel cell production plant in Ulsan, South Korea,
London, October 31, 2025, (Oilandgaspress) –––The global energy transition presents an irreversible trend in the world today. Amidst this historic process, the energy storage industry is particularly critical in the construction of new power systems. Its exponential growth trajectory unequivocally declares it to be a “Golden Track” brimming with long-term potential. From an investment perspective, when selecting companies in the energy storage sector, leading players with high growth visibility and strong certainty are clearly the most worthwhile targets for current focus and monitoring. ZhiTong Finance believes that Xiamen Hithium Energy Storage Technology Co., Ltd. (hereafter referred to as “Hithium Energy Storage”), which recently filed its Application Proof for listing with the Hong Kong Stock Exchange (HKEX), is a prime example.Even more noteworthy, Hithium Energy Storage’s latest performance trend has released a strong value signal: its more profitable international business is powerfully “taking the baton” to become the new “locomotive” contributing incremental performance. In the first half of this year, the proportion of Hithium Energy Storage’s international revenue surged to 17.5%, a “qualitative leap” compared to 3.3% in the same period last year. While the revenue weight increased significantly, the profit potential of the international business was also initially unlocked. It is estimated that Hithium Energy Storage’s international business achieved a gross margin of 30.5% in the first half, a figure significantly higher than the 9.5% gross margin of its Chinese mainland business during the same period. The rapid scaling of Hithium Energy Storage’s international business is largely due to its early and acute recognition of the importance of overseas markets, evidenced by its proactive establishment of a production base in Texas, USA, making it the first Chinese company to set up energy storage system production capacity in the United States. With the rapid expansion of its international business, it is reasonable to expect Hithium Energy Storage’s revenue scale and profitability metrics to continue growing rapidly. Read More
BW Energy provides an update on the Kharas-1 appraisal well, which has reached total depth and drilled multiple formations present across the Kudu license. The well was strategically designed to intersect several targets within a single borehole. While this approach did not allow for individual optimisation of each formation, it provided valuable geological data across the broader petroleum system.
Preliminary results are encouraging. Several intervals show indications of hydrocarbon presence and reservoir potential, suggesting a working petroleum system at Kharas. Early analysis indicates that the K1 interval may contain hydrocarbons wetter than dry gas. A hydrocarbon migration front has been observed, and wireline operations are underway to assess reservoir quality, fluid type, and pressure characteristics.
A follow-up appraisal campaign will be required to evaluate the individual targets in greater detail. The outcome of the wireline program will guide decisions on the next well location and the future appraisal strategy. . Read More
Equinor ASA announces that Tone H. Bachke will leave her position on the Board of Directors and prioritize her executive responsibilities as EVP and CFO in SHV Holding N.V., a global company headquartered in the Netherlands. The change takes effect 31 October 2025. Read More
Woodside’s newly announced Louisiana LNG partnership with Williams brings a world-class leader in US natural gas infrastructure into the fold, as we assemble a dream team of global partners to take the project forward. The partnership with Williams includes the sale of a 10% interest in Louisiana LNG and an 80% interest and operatorship of the project’s permitted lateral pipeline for US$250 million, effective 1 January 2025.
Woodside CEO Meg O’Neill said there’s strong momentum behind the globally competitive project, which is “on track to deliver first LNG in 2029 and create long-term value for our shareholders”.
Here are five things to know about the Louisiana LNG project:
Woodside’s partnership with Williams builds on our earlier 40% sell-down of Louisiana LNG infrastructure to New York-based Stonepeak, and our key contracting partners Bechtel, Baker Hughes and Chart. The project has also welcomed Uniper as its first long-term customer with a 13-year, one million tonnes per annum, LNG supply agreement.
The project complements Woodside’s established Australian LNG business, expanding our reach across both the Atlantic and Pacific Basins and enabling us to supply a broader range of global customers. The development of Louisiana LNG alongside our Scarborough Energy Project in Western Australia means we’re building a much larger LNG portfolio for the 2030s and beyond. . Read More
Blue Energy and Crusoe announced a strategic partnership to develop a nuclear-powered data center campus located in the Port of Victoria, Texas. Under the agreement, Blue Energy secured a site to design, develop, and operate an advanced nuclear power plant of up to 1.5 gigawatts (GW), delivering affordable, reliable power to Crusoe-developed artificial intelligence (AI) factories on a nearby secured site.
Blue Energy is reinventing how new nuclear power plants are financed and built, slashing time to power to just 36 months or less with a natural gas bridge. To support Crusoe’s unique ability to rapidly build large-scale AI infrastructure projects, Blue Energy will deliver the world’s first gas-to-nuclear conversion – supplying power to a Crusoe-developed AI factory campus as early as 2028, transitioning to expected nuclear generation by 2031.
The 1,600-acre Crusoe campus, in Victoria County, was chosen for its location, existing infrastructure, and available energy resources to support a gigawatt-scale AI factory campus. The site is in proximity to existing and planned transmission lines and fiber optic networks and offers unparalleled access to one of the nation’s largest natural gas pipeline systems. Read More
Japan’s Kansai Electric Power Co Inc (KEPCO) said on Thursday it will acquire a majority stake in Ireland-based offshore wind developer Simply Blue Energy OSW Ltd, marking its first equity investment in the offshore wind sector. The transaction will be executed through KEPCO’s wholly-owned subsidiary KPIC Netherlands BV, the Japanese utility said. Financial details were not disclosed. KEPCO said the investment will help Simply Blue Energy accelerate the expansion of its offshore wind portfolio in Europe and beyond while enabling KEPCO to strengthen its knowledge and experience in offshore wind development. Read More
Copenhagen Infrastructure Partners (CIP), through its CI Advanced Bioenergy Fund I (CI ABF I), has made a final investment decision to acquire a combined pre-treatment and biogas plant from Ørsted, a Danish renewable energy company.
The plant, situated in Northwich in the UK, currently consists of a pre-treatment facility that treats municipal solid waste and a biogas plant producing power to the grid. Pending permits, CIP plans to refurbish the facility to become a biogas plant only and expand it with a new digester, biomethane upgrading units and CO₂ capture technology, enabling the production of biomethane and liquid biogenic CO₂. The expansion is expected to commence in 2026, and the upgraded plant is expected to be operational by 2028. Once fully operational, the upgraded biogas plant will process over 170,000 tons of feedstock annually.
Andreas Brandt, Partner at CIP, commented: “We are excited to enter the UK bioenergy market with this first acquisition. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $60.72 | Up |
| Crude Oil (Brent) | USD/bbl | $65.03 | Up |
| Bonny Light 30/10/25 CBN | USD/bbl | $66.43 | Up |
| Dubai | USD/bbl | $64.92 | Up |
| Natural Gas | USD/MMBtu | $4.07 | Up |
| Murban | USD/bbl | $66.71 | Up |
| OPEC basket 30/10/25OPEC | USD/bbl | $66.46 | Up |
| At press time October 31, 2025 . |
Ingka Investments, as a part of its INR 10 billion (EUR 97.5 million) renewable energy commitment to India, launches a 210 MWp solar installation in Bikaner, Rajasthan, making it the company’s first renewable investment in the country.
Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, has made a 100% stake investment in a subsidy-free 210 MWp solar project located in Rajasthan, India. The solar project has reached ready-to-build status, and construction will start shortly. Start of operations is scheduled in December 2026. The total expected production is 380 GWh per year.
The investment is part of the EUR 7.5 billion the company has committed to supporting 100 percent renewable energy consumption across the value chain and beyond by 2030. Ingka Investments has so far invested and committed EUR 4.2 billion into renewable energy projects in wind and solar energy worldwide.
In India, the company is working with ib vogt, an integrated large-scale solar PV developer headquartered in Germany with a strong presence in India. ib vogt Solar India will also be the partner for construction, and the first three years of operations. The construction and operations of the solar project will provide significant local employment, estimated to be around 450 people during construction and 10 to 15 during operations. Read More .
ElectriFI invests in East African solar, storage firm Sawa Energy
ElectriFI, the EU-funded Electrification Financing Initiative managed by EDFI Management Company, has announced a EUR 2.5 million equity investment in Sawa Energy, a growing renewable energy company operating in Uganda and Rwanda. This strategic investment, allocated through the Uganda Country Window of ElectriFI, aims to catalyse the expansion of solar photovoltaic (PV) and Backup Energy Storage Solutions (BESS) for commercial and industrial (C&I) clients across Uganda. The equity funding from ElectriFI is designed to unlock an efficient capital structure, attracting additional institutional lenders and investors to support Sawa Energy’s ambitious growth plans in Uganda. This investment will enable Sawa Energy to scale its portfolio, replacing polluting diesel generators with sustainable solar and battery solutions and delivering significant environmental and economic benefits. Read More
Larsen & Toubro (L&T) has achieved a major milestone in its Offshore Wind Business by securing a critical role in the prestigious High Voltage Direct Current (HVDC) offshore wind programme of TenneT, the Dutch German transmission system operator. This landmark development reinforces L&T’s position as a key enabler in the global energy transition and underscores its commitment to advancing sustainable infrastructure.
Collaborating with Hitachi Energy, a global technology leader in electrification, L&T has been nominated by TenneT to deliver state-of-the-art HVDC converter stations. This initiative aims to accelerate the integration of large-scale renewable energy into the European power grid, particularly across the German and Dutch sectors of the North Sea.
The collaboration brings together complementary strengths in advanced technology, engineering excellence, and end-to-end project execution. It underscores L&T’s growing global footprint in offshore wind and reinforces its commitment to enabling the world’s energy transition through sustainable infrastructure solutions.
L&T’s Offshore Wind Business is built on robust multidisciplinary capabilities, strategic alliances with global industry leaders, and a resilient supplier ecosystem and supported by three world-class modular fabrication facilities. L&T is uniquely positioned to execute large-scale offshore wind projects to the highest standards of quality, safety, and sustainability.. Read More
L&T and the US-headquartered General Atomics Aeronautical Systems, Inc. (GA-ASI) have entered into a strategic partnership to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces.
GA-ASI, a global leader in advanced unmanned aerial systems, brings decades of operational expertise; L&T brings extensive engineering, precision manufacturing and system integration capabilities in defence and aerospace.
L&T and GA-ASI together will deliver the combat-proven MALE RPAS platforms, manufactured entirely in India. This programme incorporates critical technology transfers and fulfilling indigenous content requirements aligned with Government of India’s Atmanirbhar Bharat and Make in India initiatives.
Under this partnership, L&T will participate in the upcoming 87 MALE RPAS programme of the Ministry of Defence, where L&T will be the prime bidder and GA-ASI the technology partner. The collaboration will enable the production of GA-ASI’s MQ-series RPAS that are combat proven. These are widely operational across the globe with millions of flight hours in surveillance and strike missions.
The partnership marks a significant milestone in India’s pursuit of a self-reliant defence ecosystem, strengthening Indo-US defence collaboration and fostering a competitive, globally integrated aerospace manufacturing base. Read More
The Power Transmission & Distribution (PT&D) vertical of L&T has won a batch of grid infrastructure orders for construction of a 380 kV Substation and Transmission Lines in Saudi Arabia.
The first order pertains to the construction of a 380/33 kV Gas Insulated Substation. The scope also involves related hybrid GIS elements, 380 kV Transformers & Reactors, and subsystems for power system protection, control, automation, telecommunication, HVAC and firefighting.
The second set of orders pertain to the construction of 380 kV Overhead Transmission Links for an aggregated route length of more than 420 km.
As part of its National Renewable Energy Programme (NREP), Saudi Arabia is upgrading its electricity grid to support a surge in renewable energy projects. Transmission lines and substations are vital to scaling up and strengthening the country’s overall power infrastructure. Read More
The Heavy Engineering vertical of L&T has recently secured multiple orders in the international and domestic markets.
On the international front, the vertical has secured an order from the United States to manufacture Vessels for an NGL fractionator project and the Cartridge for a Blue Ammonia project in Louisiana. From Mexico, the vertical has secured orders for ammonia and urea processing equipment for two fertiliser plants. From Brazil for critical Heat Exchangers in the replacement market.
From Saudi Arabia the vertical has won the order for a refinery and integrated petrochemical complex for amendment to a critical contract related to the HOFCC Reactor and Regenerator revamp.
This demonstrates L&T’s reliability and technical excellence in delivering high-performance solutions.
In the nuclear power equipment sector, the vertical has secured orders for critical equipment to be supplied to international and domestic nuclear projects. In the domestic market, it has secured crucial equipment orders for the 2RK65 Heat Exchanger Package (4 units) of proprietary MOC, meant for one of a major customer’s 3 MMTPA PTA7 project at Dahej in Gujarat.
All these orders underscore the trust that customers repose on L&T’s cutting-edge manufacturing capabilities to deliver high-quality, fully dressed equipment across the globe. Read More
Eni Congo, together with the Ministry of Small and Medium Enterprises and Handicrafts of the Republic of Congo, signed today an important partnership to support the country’s economic growth, under the patronage of the Ministry of Hydrocarbons, with a primary focus on agriculture and entrepreneurial innovation. The signing took place during the closing ceremony of the 2025 edition of Yasika, the program dedicated to startups and young entrepreneurs promoted by Joule, Eni’s school for enterprise. The event was held in Brazzaville at the presence of the Minister of SMEs Jacqueline Lydia Mikolo, Eni Congo’s Managing Director Andrea Barberi, the startups involved in the program, and representatives of local institutions. The partnership strengthens and expands the collaboration already established between the two parties, as demonstrated by the success of the Yasika program, which in 2025 involved more than 10 startups and around 25 young entrepreneurs from the Republic of Congo and the neighboring countries. The initiative provided them with high-quality training, mentoring, and development opportunities aimed at fostering the creation of innovative businesses in the fields of the green economy, sustainable agriculture, and green technologies. Read More
Hyundai Motor Group and NVIDIA announced they are deepening their collaboration to accelerate innovation in autonomous vehicles (AVs), smart factories and robotics with a new AI factory, powered by NVIDIA Blackwell AI infrastructure.
Building on their previous work together, Hyundai Motor Group and NVIDIA are now entering a new phase of collaboration, shifting from strategic adoption of advanced software platforms and infrastructure to joint innovation of core physical AI technologies. Together, they will co-develop AI capabilities for mobility solutions, next-generation smart factories, and on-device semiconductor advancements to strengthen Hyundai Motor Group’s future capabilities.
As part of this endeavor, Hyundai Motor Group and NVIDIA aim to enable integrated AI model training, validation and deployment using 50,000 NVIDIA Blackwell GPUs.
In addition, in support of the Korean government’s initiative to build a national physical AI cluster, Hyundai Motor Group and NVIDIA will work closely with government stakeholders to accelerate ecosystem development. This will result in an approximately $3 billion investment to advance the physical AI landscape in Korea.
Key efforts include the establishment of Hyundai Motor Group’s Physical AI Application Center, NVIDIA AI Technology Center, and physical AI data centers in the region. To formalize this collaboration, the Ministry of Science and ICT of the Republic of Korea, Hyundai Motor Group, and NVIDIA signed a Memorandum of Understanding on October 31. This collaboration will also foster dynamic exchanges with NVIDIA’s world-class engineers and technicians, helping to cultivate Korea’s next generation of physical AI talent. Read More
Hyundai Motor Company held a groundbreaking ceremony for its new hydrogen fuel cell production plant in Ulsan, South Korea, marking a major step in its efforts to position the country as a global leader in the energy transition.
The groundbreaking ceremony was attended by Jaehoon Chang, Vice Chair of Hyundai Motor Group; Minister Sungwhan Kim of the Ministry of Climate, Energy and Environment; Vice Minister Shinhak Moon of the Ministry of Trade, Industry and Resources; and several National Assembly members. Their presence alongside Ulsan Mayor Doo-gyeom Kim and other local officials highlighted the importance of hydrogen as a national strategic industry and the strength of public-private collaboration.
International hydrogen industry leaders also attended, including Ivana Jemelkova, CEO of the Hydrogen Council — a global CEO-led initiative that brings together leading companies with a united vision and ambition for hydrogen to accelerate the clean energy transition. Jemelkova was visiting Korea for the 2025 APEC CEO Summit in Gyeongju. Read More
The Hyundai TUCSON has been named Best Used Family SUV at the 2025 What Car? Used Car Awards, reaffirming its strong appeal not only as a new vehicle but also as a top choice in the pre-owned market. The judging panel at What Car? – a respected UK-based automotive consumer publication widely referenced by buyers across global markets – praised the TUCSON for its exceptional practicality, premium interior quality, engaging yet efficient driving experience, and outstanding ownership value. Read More
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress
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