Tuesday, 29 September 2026

The Brent-WTI spread widened on Friday to around USD 12.59 per barrel, its highest level since May, according to Event Registry.

Event Registry attributed the widening to concerns over a possible US diesel-export ban, Middle East supply risks, rising freight costs and changing US control over Venezuelan crude.

LSEG data showed WTI traded as much as USD 12.02 per barrel below Brent on September 24, its widest discount since May 6.

Lower US refinery demand would pressure US crude prices and widen WTI's discount to Brent, Event Registry reported.

London-based Reactive Technologies secured EUR 19 million in financing from the European Investment Bank, according to Event Registry.

The funding will support the expansion of its power-grid technology across Europe.

Up to EUR 7 million is earmarked for research and development in Oulu, Finland, while EUR 12 million is allocated to technology deployment across the European Union, Event Registry reported.

Advait Energy's arm signed a supply deal with HiTHIUM for up to 1 GWh of battery cells for a planned storage plant in Gujarat, according to Event Registry.

HiTHIUM will supply 314 Ah lithium iron phosphate prismatic cells, with purchases of up to 1 GWh over the next 12 months.

The contract sets a price of USD 49.5 per kWh for up to 350 MWh of cells.

The cells will go to a planned assembly plant at Gangad in Gujarat with annual capacity of 2.5 GWh.

Blueleaf Energy acquired an operating 40 MW wind power asset in Karnataka's Belagavi district, India, according to Event Registry.

The wind farm has eight years of clean energy generation experience and complements the company's existing 1.5 GW greenfield portfolio across India, Event Registry reported.

Blueleaf Energy described the acquisition as its first operating asset purchase in India.

ESR has agreed to acquire Aquila Clean Energy APAC, which has about 1.6 GW of solar, wind and battery storage projects, according to Event Registry. The projects span Australia, New Zealand, South Korea, Japan and Taiwan.

UltraTech Cement's Kukurdih Cement Works in Chhattisgarh has met 100% of its monthly electricity requirement through green energy since April 2026, Event Registry reported.

US natural gas futures fell about 3% as traders expected daily output to rise following the return of the Mountaineer XPress pipeline in West Virginia, Event Registry reported.

October futures dropped to USD 3.095 per million British thermal units, according to Event Registry.

Event Registry also reported that next-day spot prices fell below USD 1 per million British thermal units in New York, New England and the Mid-Atlantic.

TC Energy's Columbia Gas Transmission unit lifted the force majeure on Mountaineer XPress on Sunday, Event Registry reported.

Exus Renewables North America acquired four solar projects totaling 715 MWp from ibV Energy Partners, according to a GlobeNewswire announcement. The deal expands the buyer's portfolio with projects in Wisconsin and Louisiana.

The largest asset is Maple Grove Solar 1 & 2, a two-phase 310 MWp project in Barron County, Wisconsin, according to the announcement.

In Louisiana, the portfolio includes the 280 MWp Bayou Chicot Solar project in Evangeline Parish. It also covers the 125 MWp Bayou Teche Solar project in St. Mary Parish.

The transaction builds on ibV Energy Partners' development work on the sites, according to the announcement.

NYK has agreed to acquire a 30% interest in Norway's Trudvang carbon capture and storage (CCS) project from Vår Energi, according to Offshore Engineer OEDigital.

The deal, structured as a sale and purchase agreement with Vår Energi CCS, gives NYK a 30% partnership interest in project operator Trudvang CCS ANS and a matching 30% participating interest in CO2 storage exploration license EXL007.

Completion of the transaction remains subject to regulatory approvals and other customary closing conditions.

Lirion Power, an Irish renewable power operator and developer, has acquired a 77 MW onshore wind portfolio from Global Infrastructure Partners (GIP), part of BlackRock, according to Energy Global.

The portfolio comprises five operating wind farms across Donegal, Waterford, Kerry, Limerick and Meath.

The acquisition takes Lirion Power's renewable energy platform to 200 MW, according to Energy Global, with further growth planned in the coming months.

Suzlon Energy and Exel Composites signed a multi-year agreement to supply pultruded carbon fibre planks used in wind turbine blade spar caps.

The potential value of future deliveries under the agreement is estimated to exceed EUR 100 million through March 2029.

Exel Composites' India-based joint venture, Kineco Exel Composites India, will supply an agreed share of Suzlon's requirements for the products covered. All products under the agreement will be manufactured at Kineco Exel's factory in India.