TotalEnergies has signed a 20-year deal to offtake 2 million tpy from Canada’s Ksi Lisims LNG project and will take a 5% stake in developer Western LNG.

Investing.com -- Blackstone (NYSE:BX) Inc. has agreed to acquire energy data platform Enverus in a deal that could value the company at more than $6 billion, according to people familiar with the matter. The private equity firm may announce the acquisition as early as Wednesday after outbidding competing suitors, said the sources, who asked not to be identified discussing private information. The purchase price could reach $6.5 billion if certain earnout provisions are met. Austin-based Enverus is currently owned by Hellman & Friedman, which acquired the company from Genstar Capital in 2021. That earlier transaction valued Enverus at $4.25 billion including debt. Representatives for Blackstone and Hellman & Friedman declined to comment on the potential deal. In July, it was reported that Blackstone was a leading contender to acquire Enverus. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. With BX making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed BX alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including BX, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is BX poised for similar growth? Don't miss the opportunity to find out.

Chevron has signed a preliminary agreement to explore offshore Block 33/24 in the Congo Basin in Angola.

Investing.com -- Grid investment costs across Europe are rising sharply, prompting delays, political scrutiny, and concerns over project viability, said analysts at Moran Stanley in a recent note.. Evidence is building that some projects are reaching financial limits, especially in high-voltage (HV) infrastructure. Germany’s Federal Network Agency estimates €328 billion is needed for grid expansion by 2045. Four Transmission System Operators, Amprion, TenneT, 50Hertz, and Transnet, manage this investment. Meanwhile, the U.K.’s National Grid (LON:NG) plans to spend £60 billion over five years, with £30 billion earmarked for the U.K. alone, double the prior five-year spend, the brokerage added. Rising costs are already affecting project execution. In February, Belgium’s Elia postponed contracts for its Energy Island project due to HVDC infrastructure pricing, noting an "overheated supply chain.” Electrical equipment inflation has been steep. From 2019 to 2024, indexed PPI for transformers and medium-voltage switchgear rose significantly, though price increases have recently moderated. U.S. switchgear prices saw the sharpest rise among capital goods, recently re-accelerating due to commodity costs and tariffs. Political response in Germany includes proposals to favor overhead lines over underground cables, which can be 4.5 times more expensive. Cost-saving measures are becoming a central issue in grid planning debates. Supply constraints are easing but still elevated. ABB (ST:ABB) reported lead times for medium-voltage switchgear peaked at 50 weeks and have fallen to 30–35 weeks, still above the typical 24. Companies like Siemens (ETR:SIEGn) and Hitachi (OTC:HTHIY) are adding 30% to 100% capacity in some product lines, with major additions due in 2027. Margins have expanded across the supply chain. Medium-voltage product margins reached 15–25%, up from 10–15%. A 500bps drop in MV margins could reduce Schneider’s group margin by 100bps. Normalization is expected by 2H26. In high-voltage, Siemens Energy’s grid division is forecast to peak at 18% margin in 2028, above the historical 5–15% range, Morgan Stanley said. These elevated margins are fueling concerns over "over-earning" and sector sustainability. The regulatory models in Germany and the UK shape how these costs are absorbed. In Germany, costs are added to the TSOs’ asset base and recovered through consumer pricing under the Regulated Asset Base model. In the U.K., the National Grid works under a fixed capex agreement with allowed returns, pushing operators to keep spending within set limits. Though new capacity and tapering demand beyond 2030 may ease pricing pressure, current cost levels are already challenging project feasibility. With HVDC projects under review and MV margins at record highs, the debate on affordability is intensifying.

South-South collaboration is becoming a defining feature of today’s energy landscape.

AGDC confirms $150 million from Lehi Farr while addressing project timeline sensitivities.

Nama Group will invest around USD 2.6 billion in renewable energy and digital infrastructure upgrades.

Eni has signed a USD 1.5-billion deal with the Government of Ghana to boost oil production.

At a deliberation meeting, the Colorado Public Utilities Commission heard advisors and commissioners wrestle with Public Service Company of Colorado's (PSCo) 2026–2028 distribution system plan (DSP) and the new grid modernization adjustment clause (GMAC) created by state law. Commissioners agreed the statute requires a GMAC but differed on how much

Backbone Infrastructure Nigeria plans to construct a 500,000-bpd refinery in Ondo State, Nigeria.

NNPC has called for USD 60 billion in investment to grow Nigeria’s oil and gas sector.

Executive Summary

More than 70 hospitals and 20 ambulance stations could benefit from EU support for energy modernisation.

GEIL has completed the first crude oil export from its Otakikpo onshore terminal in Nigeria.

In a landmark moment for the global economy and the fight against climate change, annual global investment in renewable energy has…