Wednesday, 14 October 2026

Captona LLC has completed a preferred equity investment with Nexamp to back a portfolio of community solar and battery storage projects across Illinois, Maine, Massachusetts and New York, according to citybiz.

The transaction will help finance 10 projects with a combined 55 MW of solar generation capacity and 5 MWh of battery energy storage, citybiz reported.

Financial terms of the investment were not disclosed.

Fugro has secured a USD 169 million (EUR 150 million) unsecured financing facility from the European Investment Bank to support its uncrewed surface vessel (USV) technology and the expansion of remote maritime operations, according to Offshore Engineer OEDigital.

The funding will back a phased expansion of Fugro's remote operations capabilities, including continued development and deployment of USV technology as part of the company's transformation program, OEDigital reported.

The facility covers eligible costs incurred from January 1, 2025, through December 31, 2031, with individual drawings carrying maturities of up to 10 years, according to OEDigital.

National Fuel Gas Co.'s board approved a plan to spin off its integrated upstream and gathering business in Appalachia as an independent public company, according to World Oil.

The tax-free spin-off is expected to be completed in the second half of 2027, World Oil reported. At least 80.1% of the new company's shares are expected to be distributed to National Fuel shareholders through the separation.

After the separation, National Fuel will be a fully regulated natural gas utility and pipeline company, according to World Oil.

Kistos has agreed to buy a 10% working interest in three Norwegian Continental Shelf production licenses from Vår Energi for USD 12.9 million upfront, according to World Oil. The licenses are PL 169E, PL 956 and PL 956B.

The transaction carries an effective date of January 1, 2026, and remains subject to approval by Norway's Ministry of Energy, World Oil reported.