Spanish energy group Repsol, in partnership with Enagas Renovable, has approved a project to build the first large-scale renewable hydrogen plant in Cartagena (Murcia region, Spain). Repsol declared that the hydrogen production electrolysis facility, using oxygen and water, will possess a capacity of 100 MW, generating as much as 15,000 tons of hydrogen and cutting carbon dioxide emissions by...

ExxonMobil's CEO Darren Woods has sought security assurances from Mozambique's President Daniel Chapo in Cabo Delgado, where terrorist groups have been present since 2017, regarding the plan to establish the continent's largest LNG terminal at a cost of $30 billion, according to the Financial Times. Exxon leads the Rovuma LNG initiative, supported by Italy's Eni and China's CNPC. The initiative...

YouTube (a subsidiary of Alphabet Inc.) will pay $24.5 million to resolve allegations from US President Donald Trump concerning the suspension of his account on the video platform after the Capitol riots in January 2021, according to CNBC. The agreement "includes no acceptance of liability or fault" by the defendant or any associated parties, as stated by the United States District Court for the...

The American investment firm KKR is acquiring 50% of French energy company TotalEnergies' North American solar business. Total stated that the agreement values the whole business at $1.25 billion, factoring in debt. The firm will obtain $950 million at the time of closing. The portfolio of assets contains six major solar power installations with an overall capacity of 1.3 GW, along with 41...

Chinese self-driving technology company Momenta is conducting a funding round that could reach a valuation of $6 billion, according to CNBC, which cites knowledgeable sources. One of the sources indicated that the valuation might fluctuate as the round moves forward. Momenta creates software and algorithms that car manufacturers can utilize to incorporate specific autonomous driving functions....

The US Federal Aviation Administration (FAA) intends to relax the delivery criteria for new Boeing Co. planes that were established following several incidents, according to The Wall Street Journal, which cites sources. The sources indicate that Boeing will obtain regulatory authorization to carry out final safety inspections for the 737 MAX independently. The announcement of the decision might...

Indian fintech firm PhonePe, which runs the nation's leading payment app, has submitted its IPO application, according to a news report by Reuters that references a company representative. The submission was private, blocking the release of documents until the agreement is complete. A source with knowledge of the situation states that PhonePe intends to go public by the middle of next year. A...

Danish toy company Lego announced purchase of discovery centers from theme park operator Merlin Entertainments for £200 million ($270 million). A joint press release states that LEGO Discovery Centers attract around 5 million visitors each year. They merge Lego play spaces, inventive workshops, and retail shops. Out of the acquired centers, 15 are positioned in North America, seven in Europe,...

The Swiss bank UBS has announced in a statement that it will pay €835 million in fines and damages in France to resolve a prolonged case related to its involvement in aiding tax evasion by affluent clients. The bank will specifically pay €730 million in penalties and €105 million in damages to the French government. The matter relates to events in the nation from 2004 to 2012. In 2023, the...