Mubadala Petroleum

Ignis H2 Energy and Imeco Inter Sarana announced a strategic partnership to expedite geothermal development in Indonesia.

The companies have agreed to study the development of geothermal energy in Indonesia to further the country’s goal of adding 3.3 GW of geothermal capacity by 2030.

The Cengkih discovery will likely be tied back to the nearby Pegaga field.

NextDecade and Mubadala Investment Co. have reached agreement for Mubadala to purchase $50 million of NextDecade’s common stock in a private placement. The capital buoys the development of the Rio Grande LNG export solution linking Permian Basin associated gas to the global LNG market.