Polar Power appoints Chris Mayer as co-CEO in leadership shift
Polar Power unveiled a new CEO structure, naming Chris Mayer co-CEO while Arthur Sams keeps responsibility for sales, engineering and manufacturing operations.
Polar Power
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Polar Power Says Arthur Sams Will Continue as Co-CEO
Dow Jones Newswires reports that Arthur Sams will continue serving as Polar Power’s co-chairman and co-chief executive officer.
Euro Tech Holdings and Sea Clean form PortoBallast JV
Euro Tech Holdings has agreed to a 50/50 venture with Norway’s Sea Clean, creating CleanPact to support PortoBallast at port facilities.
Euro Tech Holdings Company LtdSea Clean ASCleanPact Environmental and Marine Engineering ASPortoBallast
Court upholds Sembcorp sale agreement for municipal water assets
Reuters reports that Singapore’s Constitutional Court rejected a failed bidder’s challenge, preserving Sembcorp’s agreement to sell municipal water assets.
Sembcorp Industries
Swift Energy subsidiaries secure orders worth 59.07 million RGT
Reuters reports that subsidiaries of Swift Energy Technology received multiple purchase orders with a combined contract value of 59.07 million RGT.
Swift Energy Technology BhdRGT
Naphtha prices and margins rise on renewed supply concerns
Attacks in the Strait of Hormuz and higher freight costs lifted Asian naphtha prices. Margins reached their highest level since July 28.
NaphthaBrentGasolineBRENTSGMc1NACFRJPSWMc1GL92-SIN-CRK
Power stocks: Google backs CEG as Vistra wins $4.2B support
Stocktwits reported a Google deal for CEG, up to $4.2 billion in federal support for Vistra and opposition to the NextEra-Dominion merger.
CEGGOOGVSTDUKDNEE
Truist lifts First Solar to Buy and raises target to $270
Truist Securities upgraded First Solar to Buy from Hold and lifted its target from $229 to $270, citing stronger pricing and demand prospects.
First SolarFSLR
Palm oil gains 1% as demand and exports offset record stocks
Malaysian palm oil futures rose 1% on firm demand and export data, while record September inventories limited the market’s advance on Monday.
FCPOc3Malaysian palm oilDalian palm oleinDalian soyoilCBOT soyoilringgit
Saudi Arabia’s industrial output fell 23.5% in August
Saudi Arabia’s industrial production index dropped 23.5% year on year in August and 14% month on month, led by weaker mining and manufacturing.
Saudi industrial productionSaudi oil activitiesSaudi non-oil activities
Tata Power Renewable Energy commissions 419 MW in Q2
Tata Power Renewable Energy commissioned 419 MW of utility-scale capacity in July-September and completed 131.2 MWh of storage projects in FY27.
Tata Power Renewable EnergyTata Power Company LimitedSolar powerWind powerBattery energy storage
Nordic power prices reach three-year high as water reserves fall
Nordic front-year power rose to its highest level since July 2023 as drier forecasts deepened the region’s hydro-reserve deficit.
Nordic powerNSBLQc1NSBLYc1Dutch gasBritish gasEU carbon allowances
China Coal Energy reports September coal output of 10.5 mt
China Coal Energy produced 10.5 million tonnes of commercial coal in September and sold 21 million tonnes, Reuters reported, citing the company.
China Coal EnergyCommercial coal
IEA calls for faster diesel stock releases as markets tighten
The IEA urged members to speed up diesel stock releases and assess extra supplies as global markets tighten, ahead of its October 15 meeting.
DieselBrentSaudi Arabia
Diesel becomes focus of US, Russia and Ukraine sanctions dispute
Reuters reports that the US may temporarily ease sanctions on Russian diesel as energy tensions persist and American fuel prices remain near records.
US dieselBrentUS TreasuriesUS CPI
LMR Partners discloses Greenland Energy Company position
LMR Partners reported holdings in Greenland Energy shares and warrants in a Rule 8.3 disclosure under the Takeover Code.
Greenland Energy Company80 Mile PLCGreenland Energy common stockGreenland Energy warrants
Keong Hong and Helios Photovoltaic to explore renewable energy
Keong Hong Holdings signed a memorandum with Helios Photovoltaic to examine potential cooperation in renewable energy and other areas.
Keong Hong Holdings Ltd
CLP Holdings Names Philip Lawrence Kadoorie Vice Chairman
CLP Holdings has appointed Philip Lawrence Kadoorie as vice chairman of its board, according to Reuters. The move changes the company’s leadership structure.
CLP Holdings
Annica Holdings unit to assess Thailand oil and gas market
Annica Holdings’ subsidiary signed an MoU with PJ Energy Services to explore opportunities in Thailand’s oil and gas services and equipment sector.
Annica Holdings LtdPJ Energy ServicesThailand oil and gas services
TotalEnergies and KKR expand US solar venture by 700 MW
Zawya reports that TotalEnergies and KKR will add 700 MW of solar projects in Texas and Ohio, lifting their US joint venture to 2.1 GW. Completion is expected during 2026.
TotalEnergiesKKRUS solar power