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Italy Auctions 7.4 Gw Solar And 940 Mw Wind ProjectsItaly’s energy management agency has released the results for the competitive procedures for wind and solar projects under the FER-X Transitory decree. A total of around 940 MW has been allocated to 29 wind projects, with a weighted average award price of €72.851 per MWh, reflecting an average reduction of 19.67 per cent. Additionally, approximately 7,700 MW has been awarded to 474 solar projects, with a weighted average award price of €6.825 per MWh, marking an average reduction of 37.34 per cent.
The ceiling tariffs were set at €77.738 per MWh for wind and €62.675 per MWh for solar. Most permitted solar projects involved new construction, while nearly one-third of permitted wind project applications involved complete refurbishments, representing over half of the admitted wind capacity. In the solar segment, a notable share of withdrawals involved projects that had either submitted expressions of interest for the FER-X NZIA call or had been accepted under the agrivoltaic development measure. Additionally, for all projects admitted to a valid ranking position, the publication of results constitutes formal confirmation, triggering the 36-month deadline for commissioning as stipulated under the decree.
Applications for the support mechanism must be submitted through the FER-X portal within 90 calendar days from the date the project becomes operational, failing which the project will lose the awarded tariff and the deposit enforced. Moreover, the agency will announce separately the opening date for the portal functionality. For plants already operating, the 90-day submission timeline will begin from that announced date.
Renewable Watch
powerplant
09 December 20252 min readItaly Auctions 7.4 Gw Solar And 940 Mw Wind Projects
Renewable Watch
09 December 2025
powerplant
Nog Expands Utica Gas Portfolio In $1.2 Billion Deal With InfinityNorthern Oil & Gas Inc. (NOG) is expanding its Appalachian footprint with a $1.2 billion joint acquisition alongside Infinity Natural Resources, securing a 49% non-operated stake in a premier Utica shale upstream and midstream package previously held by Antero Resources and Antero Midstream. The deal delivers roughly 35,000 net acres, more than 100 undeveloped drilling locations, and a fully built gathering, compression and water-handling network positioned to support long-term growth.
The assets are expected to produce about 65 MMcfe/d net to NOG in 2026—92% gas—with a projected production CAGR above 30% through the decade as the partnership advances a single-rig development plan. NOG noted that the low-decline inventory and integrated midstream system underpin competitive breakevens below $2/MMBtu and support both margin expansion and cash-flow durability.
The midstream portfolio includes more than 140 miles of gathering lines, compression facilities and 90 miles of water infrastructure with capacity for significant throughput growth. NOG anticipates midstream free cash flow to rise more than 25% annually through the decade, supported by premium market access via the Tallgrass Rex pipeline.
Management said the transaction fits NOG’s strategy to build scale in high-quality gas basins while partnering with aligned operators. CEO Nick O’Grady called the Utica package “one of the last growth assets in the core of the play,” adding that the vertically integrated position enhances NOG’s resilience across commodity cycles.
The deal is expected to close by the end of Q1 2026, with an effective date of July 1, 2025. NOG plans to fund the acquisition through operating cash flow, available liquidity, and borrowings under its reserves-based lending facility.
World Oil
oil & gas
09 December 20252 min readNog Expands Utica Gas Portfolio In $1.2 Billion Deal With Infinity
World Oil
09 December 2025
oil-gas
India Is A Key Driver Of The Global Renewable Energy Surge; Records Highest-Ever 31.25 Gw Non-Fossil Addition In Fy 25-26 : Union Minister Pralhad Joshi – EqIn Short : India has emerged as a major force in the global renewable energy transition, achieving a record-breaking 31.25 GW of non-fossil energy capacity addition in FY 2025-26. Union Minister Pralhad Joshi highlighted that this unprecedented growth strengthens India’s position as a clean-energy leader, accelerates sustainability goals, and supports the nation’s commitment to expanding renewable power across sectors.
In Detail :Odisha to Get 1.5 Lakh Rooftop Solar Units Under New Utility-Led Aggregation (ULA) Model, Empowering 7-8 Lakh Citizens: Union Minister Joshi
Union Minister Pralhad Joshi Addresses Global Energy Leaders’ Summit in Puri
Highlighting India’s historic clean energy expansion, Union Minister of New and Renewable Energy Shri Pralhad Joshi said that India has recorded its highest-ever addition of non-fossil capacity in the current financial year at 31.25 GW, including 24.28 GW of solar. Speaking at the Global Energy Leaders’ Summit 2025 in Puri, Odisha, the Minister also announced a 1.5 lakh rooftop solar ULA model for Odisha, designed to benefit and empower 7-8 lakh people across the State.
After taking nearly 70 years to reach 1 TW of renewable energy capacity in 2022, the world achieved 2 TW by 2024, adding the second terawatt in just two years, the Minister said. India is a key driver of this explosive global surge in renewable energy. In the last 11 years, the country’s solar capacity has grown from 2.8 GW to around 130 GW, a rise of more than 4,500%. Between 2022 and 2024 alone, India contributed 46 GW to global solar additions, becoming the third-largest contributor.
The Minister noted that India holds the world’s fifth-largest coal reserves and is the second-largest consumer of coal. He said that even with this abundance, India is steadily balancing coal with renewable energy as the transition gathers pace. With global mechanisms now shaping industrial competitiveness, he said India’s shift towards renewable energy has become even more urgent and strategically important.
Highlighting major new initiatives for Odisha, the Minister announced the approval of a consumer-owned Utility-Led Aggregation (ULA) model under PM Surya Ghar for installing 1.5 lakh rooftop solar systems of 1 kW each in the State. This will benefit nearly 7-8 lakhs of people, especially from economically weaker households in Odisha.
The Minister noted that Odisha is already demonstrating strong clean energy adoption. With over 3.1 GW of installed renewable capacity, clean energy now accounts for more than 34 percent of the State’s total installed power capacity. Under PM Surya Ghar Yojana, 1.6 lakh households have applied for rooftop solar, over 23,000 installations have been completed, and more than 19,200 families have received subsidies exceeding ₹147 crore directly into their bank accounts.
Shri Joshi underscored that the overall ecosystem created by Prime Minister Shri Narendra Modi, ease of doing business, investor confidence, infrastructure, demand-driven schemes and strong Centre–State cooperation, has driven India’s renewable energy expansion.
The Minister expressed confidence that the coming years will belong to Odisha, praising the strong leadership of Chief Minister Shri Mohan Charan Majhi, Deputy Chief Minister Shri Kanak Vardhan Singh Deo and the people of the State for advancing renewable energy and green technology.
The Global Energy Leaders’ Summit (GELS) in Puri marks the first step in building a vibrant Community of Practice that brings together policymakers, innovators and industry leaders to accelerate India’s clean energy transition. Being held from 5–7 December 2025, GELS Puri 2025 will host Union and State Energy Ministers alongside global energy leaders, innovators and industry titans for an immersive summit focused on shaping the future of energy.
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EQ Mazagine
powerplant
09 December 20253 min readIndia Is A Key Driver Of The Global Renewable Energy Surge; Records Highest-Ever 31.25 Gw Non-Fossil Addition In Fy 25-26 : Union Minister Pralhad Joshi – Eq
EQ Mazagine
09 December 2025
powerplant
Hungary Prepares To Upgrade 1,000 Km Of RailwayHungary has announced a comprehensive plan to modernize its railway infrastructure, which includes the rehabilitation of 1,000 km of railway over the next few years.
Funding has already been secured in full, confirmed Minister of Construction and Transport János Lázár before the Parliament’s Economic Committee. The plan marks one of the largest coordinated investments in railway infrastructure in Central Europe and reflects a long-term strategic vision with clear objectives for economic growth and regional competitiveness.
The Hungarian railway network totals 8,000 km, of which 6,000 km are operational. Since 2010, Hungary has completed 103 railway projects worth HUF 2.091 billion (approximately EUR 5.4 billion), which has enabled the upgrade of 1,800 km of railway.
New works — another 1,000 km — are to be carried out, and Lázár said that all the funding is already available, including through European Investment Bank credit instruments, designed to compensate for European funds that are still blocked.
Lázár emphasized that large railway investments involve a development cycle of about eight years — a period that Budapest explicitly integrates into public planning.
In addition, the minister warned that in the next EU financial year, funding for rail and road projects may no longer be available if they are not partially classified as investments with military relevance. Such a reclassification, permitted by European regulations, would allow access to additional funds from extra-budgetary sources.
This approach shows not only financial pragmatism, but also that Hungary treats its rail infrastructure as a strategic asset essential to its regional positioning.
The minister also reported significant operational results:
Hungary also offers one of the cheapest public transport systems in the EU.
At the same time, Budapest is rolling out a major investment package around Liszt Ferenc Airport, worth €2.5 billion, by 2035. This includes:
This type of integrated investment — rail + airport + road — is rare in Central Europe and illustrates Hungary’s strategic focus on increasing its economic and logistical attractiveness.
Lázár stated that the Hungarian state is seeking to gain a strategic advantage by strengthening corridors to the West:
“If the western routes pass through here, Hungary gains a position of influence, and the GDP-generating capacity of the inland regions can increase significantly.”
This positioning clearly shows how Budapest views rail infrastructure: not just as a technical project, but as an element of economic and geopolitical policy.
Railway Pro
railway
07 December 20252 min readHungary Prepares To Upgrade 1,000 Km Of Railway
Railway Pro
07 December 2025
railway
Rystad Energy: Key Digital Initiatives Could Save Oil And Gas Industry Over Us$320 BillionDigital innovation is rapidly emerging as a defining force for the oilfield services (OFS) sector as it adapts to changing market conditions, creating opportunities for steady, long-term growth. Rystad Energy predicts that in the next five years, the oil and gas industry could save more than US$320 billion by further digitalising operations in five key areas: drilling optimisation, autonomous robotics, predictive maintenance, reservoir management, and logistics optimisation. The OFS business ecosystem is expected to undergo a significant transformation as continued merger and acquisition (M&A) activity, new business partnerships with technology firms, and greater software integration drive digital-first business strategies for key OFS players.
“We estimate that US$320 billion is a modest figure, as broader digital adoption across other business domains could generate even greater value. To realize this, executives will need to deliberately prioritise digital transformation by fostering a less risk-averse business culture,” said Binny Bagga, Senior Vice President, Supply Chain.
Learn more with Rystad Energy’s Service Market Solution.
The importance of digitalisation, although unstandardised and sometimes difficult to measure, is more often emerging in financial disclosures. Most of the market players in the supply chain do not yet break out standalone, generally accepted accounting principle (GAAP)-level ‘digital profit’ in the same way a pure software as a service company would. However, this has slowly started to change, with SLB now reporting a digital division in its earnings. SLB expects its digital division’s margin to reach 35% on a full-year basis in 2025. Another example is Viridien, a global technology and geoscience leader. Its digital, data and environment (DDE) segment generated US$787 million, growing 17% and delivering adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$458 million last year. Digital revenue streams offer more stable, resilient growth trajectories that are less exposed to the volatility of upstream capex.
“The investment community is increasingly valuing energy-technology narratives, with service companies that clearly articulate technology-driven and recurring-revenue strategies often commanding higher valuation multiples than those tied solely to equipment cycles. However, such premium valuations hinge on demonstrated scalability. Emphasising digitalisation is a direct pathway to creating lasting shareholder value,” Bagga said.
Nevertheless, widespread adoption of digital oilfields faces significant barriers, including substantial upfront costs for hardware, software, ongoing maintenance and cybersecurity. These hurdles are especially acute for smaller firms or those operating with legacy infrastructure, complicating the justification of such investments amid economic uncertainty. To mitigate these challenges, mid-tier companies are selectively enhancing their offerings with targeted digital capabilities, while smaller niche players and specialised software vendors focus on delivering modular, custom solutions.
A notable trend in digital investment is the growing use of partnerships with technology firms, which complements internal capability building and acquisitions in the digital space. The overall intensity and frequency of these partnerships have increased sharply, especially since 2021, with the most significant uptick observed in the past two years among leading companies such as SLB, Halliburton, NOV and Baker Hughes. This pattern highlights a clear industry shift toward digital transformation, with large suppliers actively accelerating their collaborations with technology partners in recent years.
Oilfield Technology’s November/December 2025 issue
The November/December 2025 issue of Oilfield Technology focuses on how the upstream sector is modernising to stay efficient, competitive, and lower-carbon. It explores decarbonising drilling operations, improving performance through advanced monitoring and drilling technologies, reshoring and strengthening supply chains, enhancing offshore inspections, and tightening cybersecurity. Together, the articles highlight a sector pushing towards greater efficiency, resilience, and sustainability across the full lifecycle of oilfield operations.
Read the article online at: https://www.oilfieldtechnology.com/digital-oilfield/05122025/rystad-energy-key-digital-initiatives-could-save-oil-and-gas-industry-over-us320-billion/
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Upstream project news
Oilfield Technology
oil & gas
06 December 20254 min readRystad Energy: Key Digital Initiatives Could Save Oil And Gas Industry Over Us$320 Billion
Oilfield Technology
06 December 2025
oil-gas
Waterline Breaks Force Overnight Closure At Grand Canyon; $208 Million Replacement Project UnderwayGRAND CANYON, Ariz. (UI) — Grand Canyon National Park will temporarily suspend overnight lodging on the South Rim beginning Dec. 6 due to major breaks in the park’s aging 12.5-mile Transcanyon Waterline — a critical underground system that delivers water from the inner canyon to the South Rim.
The National Park Service (NPS) said water is currently not being pumped to the South Rim, prompting new restrictions on lodging and camping until repairs are made. While the park remains open for day use, all overnight accommodations inside the park — including Xanterra-operated hotels such as El Tovar, Bright Angel Lodge and Maswik Lodge, as well as Delaware North’s Yavapai Lodge and Trailer Village — will close temporarily. Hotels in nearby Tusayan will not be affected.
Dry camping will be permitted at Mather Campground, though spigot access will be turned off. Faucets in bathrooms and at the check-in kiosk will remain available. The park has also prohibited all wood and charcoal fires, including campfires and barbeques.
The waterline failure underscores ongoing infrastructure challenges in one of the nation’s most visited parks. Originally constructed in the 1960s, the Transcanyon Waterline has far exceeded its intended lifespan, requiring frequent and costly repairs.
In 2023, NPS launched a $208 million rehabilitation project to replace the failing system and upgrade the park’s broader water delivery network — an effort aimed at securing reliable water service for 5 million annual visitors and 2,500 year-round residents. The project is expected to be completed in 2027.
“These measures are crucial for ensuring the safety and sustainability of water resources,” NPS said in a statement. “The goal is to restore full operational status for overnight guests on the South Rim as quickly as possible.”
South Rim residents are being urged to conserve water by limiting showers, minimizing laundry loads, and reporting any leaks. Hikers are also advised to carry sufficient water or treatment methods when venturing into the backcountry.
Underground Infrasturcture
water
05 December 20252 min readWaterline Breaks Force Overnight Closure At Grand Canyon; $208 Million Replacement Project Underway
Underground Infrasturcture
05 December 2025
water
Afdb Commits Us$1.78 Billion To Support Namibia’S Economic…The African Development Bank Group’s Board of Directors has approved a Country Strategy Paper (CSP) for Namibia committing US$1.78 billion to support economic transformation and inclusive growth in the 2025-2030 period.
The financing is expected to pave the way job for creation and economic diversification while also addressing key challenges facing of the world’s most unequal countries: youth unemployment exceeds 40%, and per capita income has fallen from US$5,942 in 2012 to US$4,240 in 2024.
“This strategy marks a pivotal moment for Namibia’s development,” said Moono Mupotola, the Bank Group’s Deputy Director General for Southern Africa and Country Manager for Namibia. “By focusing on strategic infrastructure and human capital development, we are laying the foundation for inclusive growth that will benefit all Namibians, particularly the young.”
The strategy focuses on two priorities. The first is investment in transport, energy, and water infrastructure to reduce business costs, enhance productivity, and establish Namibia as a regional logistics hub. These investments will strengthen trade facilitation under the African Continental Free Trade Area, enhance energy security through renewables, and expand rural access to clean water and sanitation.
The second priority aims to boost human capital through market-relevant technical and vocational training that creates pathways from education to employment, providing support for the development of micro, small, and medium enterprises (MSMEs), and advancing women’s economic empowerment.
Implementation is expected to diversify the economy beyond mining and agriculture, integrate MSMEs into regional value chains, and enhance manufacturing capabilities while creating thousands of direct and indirect jobs.
Infrastructure improvements will increase electricity access from 59.5% towards universal coverage, enhance trade connectivity with Angola and Zambia, and reduce logistics costs. The strategy also supports Namibia’s climate commitments and positions the country as a leader in green hydrogen.
“Recent U.S. tariff impositions and official development assistance cuts have created additional pressures on Namibia’s economy,” said Mupotola. “Our strategy strengthens resilience by diversifying export markets, enhancing regional integration, and building domestic productive capacities.”
The strategy builds on the Bank’s decade-long track record in Namibia, where it has invested US$658.1 million in projects including the expansion of Walvis Bay Port, railway upgrades, and 27 educational institutions across all 14 regions.
The Namibia CSP aligns with the Bank Group’s Four Cardinal Points, Namibia’s Vision 2030, and Africa’s Agenda 2063. Implementation begins immediately, with the first operations expected in early 2026.
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Africa Mining Market
mining
05 December 20253 min readAfdb Commits Us$1.78 Billion To Support Namibia’S Economic…
Africa Mining Market
05 December 2025
mining
Dfw Airport Economic Impact Rises To $78.3 Billion Annually, Study FindsDallas Fort Worth International Airport (DFW) now contributes an estimated 78.3 billion USD a year to the North Texas economy and supports around 684,000 regional jobs, according to a new economic impact study by The Perryman Group.
The report, produced every five years, indicates significant growth since 2014, when DFW’s annual gross product contribution was assessed at 46.4 billion USD. The airport’s gross product (the value generated by airport-related activity) has risen by 69% over the decade, driven by rising passenger numbers, expanded air services and broader business development.
Total expenditures linked to the airport increased from 87 billion USD in 2014 to 146 billion USD in 2024. Employment supported directly and indirectly by DFW grew from 508,000 to 684,000 over the same period, with more than 50,600 people employed on-site. Personal income related to airport activity reached 47.7 billion USD in 2024, up from 28.3 billion USD a decade earlier.
The study also outlines the fiscal effects of airport-related activity. It estimates annual tax contributions of more than 14 billion USD to the federal government, 5 billion USD to the state and 3.4 billion USD to local authorities.
DFW Airport’s impact reaches far beyond travel, as it fuels economic opportunity in every corner of North Texas. This study shows how the airport’s growth translates directly into new jobs, stronger small businesses, and expanded connections with the Texas economy. As we modernise our terminals and invest in the next decade of infrastructure, we’re laying the groundwork for even more innovation, commerce and shared prosperity across our communities.
DFW’s ongoing 12 billion USD capital programme, which includes airfield projects, facility upgrades, additional gates and the development of Terminal F, is projected to generate nearly 5 billion USD in further federal, state and local tax revenues upon completion. These developments are expected to support additional jobs and future increases in economic output.
Serving one of the most dynamic economies in the world, DFW Airport helps support current success, and future expansion and prosperity, and is a major catalyst to continuing development. Through its operations and related activity, DFW generates substantial – and growing – economic and fiscal benefits to the region, state, and nation.
Airport Industry News
airport
05 December 20252 min readDfw Airport Economic Impact Rises To $78.3 Billion Annually, Study Finds
Airport Industry News
05 December 2025
airport
Cardiff Central Railway Station To Receive £140 Million RevampCardiff Central railway station is set to undergo renovation as the Government has given the green light on a 140 million GBP revamp project.
Improvements to the station will include the modernisation of the station as a whole, whilst aiming to preserve both the history and heritage of the building itself.
Works will be carried out to expand the station’s concourse in order to increase capacity and improve passenger flow, with improved waiting areas, enhanced retail offerings and cycle storage facilities also set to be installed.
The station is set to remain open whilst construction is carried out, and the scheme will be led by Transport for Wales, with the investment of up to 140 million GBP being provided by the Department for Transport, Cardiff Capital Region and the Welsh Government following the recent approval of associated business cases.
This week will also see the first meeting of the newly reorganised Wales Rail Board in Cardiff, in which the Board will oversee the prioritisation of the rail spending review settlement, assess progress on current rail projects and identify projects for future delivery.
Following the meeting; Transport for Wales will publish ‘Today, Tomorrow, Together’, – a vision document for the future of rail in Wales, later this month.
This is a major milestone for our ambitious plans to upgrade Cardiff Central station, a key hub on our South Wales Metro and gateway to Wales’ capital city.
The joint £140m investment between Welsh Government, UK Government and Cardiff Capital Region will modernise and enhance the station, benefitting passengers and accommodating our ambitions for long term growth.
The newly revamped Wales Rail Board will also meet for the first time today to discuss future projects such as this and relevant funding.
I’m extremely pleased that Vernon Everitt will Chair the board as he brings a wealth of experience and expertise, that will help lead us into the future.
Railway News
railway
05 December 20252 min readCardiff Central Railway Station To Receive £140 Million Revamp
Railway News
05 December 2025
railway
Browns Clear Final Major Hurdle For New $2.4B Domed StadiumThe Browns have cleared the last major obstacle in front of their $2.4 billion plan to build a domed stadium and mixed-use development in Brook Park, Ohio, as the Cleveland City Council approved a $100 million settlement deal enabling the move.
By a 13–2 vote, the city council passed the agreement first struck in October between the NFL team and Cleveland Mayor Justin Bibb—but not without some notable changes.
The original pact called for $70 million in cash payments from Browns owner Haslam Sports Group to the city, in multiple tranches, along with covering the estimated $30 million cost of razing the city-owned Huntington Bank Field. The city council’s assent retains that core of the agreement, which is focused in part on the redevelopment of the lakefront area where the current stadium is located. It adds, however, clarifying good-faith language, as well as up to $3 million in additional payments from HSG if the Browns stay at the current stadium beyond a planned exit in early 2029.
Perhaps most important to the Browns, though, the legislative approval also includes the release of legal claims that had threatened to scuttle the entire Brook Park project. City officials had attempted a variety of maneuvers to block the deal, and prior doubt around the council approval had represented another potential roadblock to the plan. Before these final modifications, Bibb had signaled there wasn’t wiggle room in the HSG deal.
“From Day One, I made it clear that any deal involving our city’s assets must protect the city’s general revenue fund and deliver real value for Cleveland. This agreement does exactly that,” Bibb said. “It resolves longstanding issues, safeguards the city’s financial interests, and positions us to move ahead with clarity and purpose.”
The new venue is slated to open for the 2029 NFL season. Following the council vote, the Browns touted not only the forthcoming arrival of that project, but the remade lakefront and a forthcoming modernization of Cleveland Hopkins International Airport, adjacent to the planned stadium.
“These projects all reinforce our belief that Northeast Ohioans should have it all,” said HSG president Dave Jenkins. “We are confident that with continued collaboration, our region is set up for incredible growth and prosperity.”
There are still two outstanding legal cases relating to the Browns’ planned move, one relating to Ohio’s former Modell Law, and another regarding the state’s use of unclaimed funds to help fund the stadium. Both are still pending, and outside of the city’s purview. Neither, however, is expected to derail the project, even if they survive, and construction is expected to begin in earnest next year.
The Browns are part of a fast-growing stadium boom around the league, one that includes venues under construction in Buffalo and Tennessee, a recently approved deal in Washington, D.C., a newly announced plan in Denver, and ongoing deliberations in Kansas City and Chicago.
Front Office Sports
stadium
04 December 20253 min readBrowns Clear Final Major Hurdle For New $2.4B Domed Stadium
Front Office Sports
04 December 2025
stadium
Study: Dfw Airport Now Contributes $78.3 Billion Annually To North Texas Economy, Supports 684,000 JobsDFW AIRPORT, Texas (Nov. 20, 2025) – Dallas Fort Worth International (DFW) Airport now contributes more than $78 billion annually to the North Texas economy and supports more than 684,000 jobs across the region, according to a new economic impact study released today.
The comprehensive study, conducted by The Perryman Group, shows that the airport has accelerated its economic influence over the past decade and underscores DFW’s role as a major driver of jobs, commerce and tourism spending. Since 2014, the airport’s overall annual economic impact has grown from $46.4 billion in gross product (measuring economic value created by airport-related activities) to $78.3 billion in 2024 – an increase of about 69%. The growth was driven by record passenger volumes, expanded domestic and international air service, and robust business development across the region.
“DFW Airport continues to be one of our region’s most powerful economic engines, and its growth reflects what we see across Dallas: a city on the rise stepping confidently into a brighter future,” said Dallas Mayor Eric L. Johnson. “With its expansion underway, DFW Airport is creating more jobs, driving greater prosperity, strengthening our business landscape, and expanding opportunities for Dallas families. As Dallas surges forward, DFW Airport helps fuel our growth with unmatched connectivity and makes a profound impact on our local economy.”
“This new study from Perryman underscores DFW Airport’s central role as a world-class gateway and a major economic driver for Fort Worth and the entire North Texas region,” said Fort Worth Mayor Mattie Parker. “From remarkable job growth to a major increase in gross product, it’s clear that DFW is moving our region forward, and Fort Worth takes great pride in being a steadfast partner in this momentum.”
The study, which Perryman has conducted for the airport every five years since 2014, highlights strong growth across every major category of airport-related activity during the past decade:
“DFW Airport’s impact reaches far beyond travel, as it fuels economic opportunity in every corner of North Texas,” said DeMetris Sampson, Chair of the DFW Airport Board of Directors. “This study shows how the airport’s growth translates directly into new jobs, stronger small businesses, and expanded connections with the Texas economy. As we modernize our terminals and invest in the next decade of infrastructure, we’re laying the groundwork for even more innovation, commerce and shared prosperity across our communities.”
“The continued expansion of DFW Airport as an economic engine demonstrates its importance as a community, regional and national asset that supports small businesses, promotes tourism and creates opportunities for residents across North Texas,” said Chris McLaughlin, DFW’s Chief Executive Officer. “As we look ahead to serving 100 million passengers annually by the end of the decade, we’re investing in new terminals, modern roadways and expanded infrastructure to ensure that DFW continues to grow smartly and remain ready for the needs of the future.”
While the airport does not use taxpayer dollars for its operations, the study concludes that the economic activity generated by DFW’s businesses, partners, visitor spending, cargo operations, tenants and other activities have greatly increased the tax benefits to the community. These annual fiscal benefits are estimated to generate more than $14 billion in federal taxes, $5 billion in state taxes and $3.4 billion for local taxing entities.
Additionally, the Perryman study concludes that the airport’s ongoing $12 billion capital program, including projects on the airfield, new gates, other facility improvements and the new Terminal F, are estimated to generate nearly $5 billion in additional local, state and federal taxes at project completion. The airport’s new infrastructure will also support thousands of additional jobs, along with billions more in gross product and wages.
“Serving one of the most dynamic economies in the world, DFW Airport helps support current success, and future expansion and prosperity, and is a major catalyst to continuing development,” said Ray Perryman, founder and CEO of The Perryman Group. “Through its operations and related activity, DFW generates substantial – and growing – economic and fiscal benefits to the region, state, and nation.”
The complete Perryman study is available here.
About Dallas Fort Worth International Airport
Dallas Fort Worth International Airport (DFW) is one of the most connected and busiest airports in the world. Centered between owner cities Dallas and Fort Worth, Texas, DFW Airport also serves as a major economic engine and job generator for the North Texas region. The airport’s historic $12 billion capital plan – DFW Forward – is set to transform the customer experience and plan for the future with monumental upgrades and expansions underway across DFW’s terminals, airfield and roadway infrastructure.
For more information, visit the DFW website or download the DFW Airport mobile app for iOS and Android devices. Follow @dfwairport on Facebook, Twitter, Instagram, and LinkedIn.
About The Perryman Group
The Perryman Group is a highly regarded economic research and analysis firm based in Waco, Texas. The firm has served the needs of more than 3,000 clients, including two-thirds of the Global 25, over half of the Fortune 100, the 12 largest technology firms in the world, 12 U.S. Cabinet Departments, the nine largest firms in the U.S., the six largest energy companies operating in the U.S., and the five largest U.S. banking institutions. The firm has also completed more than 1,000 public policy studies on a variety of issues.
Airport Improvement
airport
04 December 20255 min readStudy: Dfw Airport Now Contributes $78.3 Billion Annually To North Texas Economy, Supports 684,000 Jobs
Airport Improvement
04 December 2025
airport
Allen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut GroveAllen Morris Co., one of the leading real estate firms in the Southeast U.S., has secured a $138.5 million construction loan from BDT & MSD Partners (“BDT & MSD”), through its affiliated funds, and BHI, the U.S. Bank of Bank Hapoalim, B.M. for Ziggurat, a mixed-use development that will enhance the heart of Coconut Grove, while ensuring homage to the area’s deep history and heritage. The financing was arranged by Lotus Capital Partners, led by Faisal Ashraf.
Located on 1.7 acres at 3101 Grand Avenue, at the intersection of Grand Avenue, Matilda Street and Florida Avenue, Ziggurat will introduce world-class office, residential, and retail offerings, that reflect the vibrant and unique character of Coconut Grove.
The development includes two towers: a five-story 100,000 square foot trophy office building which will set the high watermark for office space in Miami, and a three-story condominium building with 18 ultra-luxury residences, and approximately 45,000 square feet of retail space on the ground floor.
The rooftop of the office structure will house a restaurant and lounge by a local Michelin-starred chef with spectacular views of Biscayne Bay.
Ziggurat also features pedestrian-friendly paseos leading to a central interior courtyard filled with lush landscaping and surrounded by best-in-class local bistros, boutiques and wellness-oriented retail.,
The residential component, exclusively represented by ONE Sotheby’s International Realty, features residences from 1,254 sq ft to over 5,000 sq ft. Prices ranging from $3.5 million to $15 million. Each residence overlooks the soon-to-be revitalized Kirk Munroe Park, set to undergo an $8 million renovation in partnership between Allen Morris Co. and the City of Miami.,
Groundbreaking is anticipated for December 2025, with completion expected for early-2028.
Designed by Oppenheim Architecture, the development will be a captivating addition to Coconut Grove’s landscape, blending the area's rich natural surroundings with modern architectural elements.
Ryan Holtzman, Andrew Trench and Brian Gale with Cushman & Wakefield will manage office leasing alongside Thad Adams with The Allen Morris Company. Daniel Cardenas and Michael Sullivan with Vertical Real Estate will lead the retail leasing efforts.
The Espinosa family, a longstanding and highly regarded family in the Grove, who have owned and operated Grove Laundry & Cleaners on the site since 1961, will partner with The Allen Morris Company on the project.
“We designed Ziggurat to be a contextual extension of the Grove’s essence. With natural stone cladding and gardens wrapping every level of the building, we are seeking to build a landmark that respects the past while elevating the future of architecture in South Florida,” said W. A. Spencer Morris, President of Allen Morris Co. “Paired with a reimagined public greenspace and a lineup of extraordinary local culinary talent, this project reflects our deep commitment to place-marking at the highest level.”
“This project reflects our strategy of identifying high-quality real estate opportunities backed by experienced sponsors in markets with durable, long-term demand drivers,” said Jason Kollander, Partner & Head of Real Estate Credit at BDT & MSD. “Coconut Grove’s enduring appeal and development momentum make it an attractive submarket, and we’re pleased to support the Allen Morris Company in delivering a development that adds vibrancy and momentum to the neighborhood’s continued evolution.”
“BHI’s strategy is rooted in thoughtfully expanding into markets where we can help deliver highly distinguishable inventory that adds meaningful value”, said Adrian Rahimi, VP of Commercial Real Estate Financing at BHI. “We’re excited to continue to expand the bank’s South Florida presence by partnering with world-class sponsors and highly sophisticated and experienced lenders.”
“Ziggurat sets a new standard for luxury living in Coconut Grove,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “The appeal and interest in this project, not unexpectedly, has been on a global scale.”
For more information about Ziggurat Coconut Grove or to inquire about purchasing a unit please fill out the form below:
Profile Miami
mixed-use
03 December 20254 min readAllen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut Grove
Profile Miami
03 December 2025
mixed-use
Aussie Gold’S $15 Billion OutputAustralia’s gold sector continues to shine, producing 76 tonnes in the September quarter 2025 and is valued at around $15.5 billion at current prices.
Gold prices ranged from $US3299 to $US3827 per ounce during the quarter, with Australian dollar equivalents between $5035 and $5824 per ounce.
Prices climbed further in October and November, briefly dipped, then partially recovered, now sitting around $US4273 ($6502) per ounce.
“The Australian gold mining industry is in the best shape I have seen since the price of gold was free floated in 1971,” Surbiton Associates director and gold expert Sandra Close said. “Most producers are achieving excellent margins and the junior companies seem to have no problem in raising further funds for exploration or development.”
“Exploration expenditure is high, particularly on drilling, with new gold discoveries, both brownfields and greenfields, being announced almost every day. This augurs well for gold production in coming years.”
Gold’s strong performance is underpinned by global factors including rising US federal debt, ongoing geopolitical tensions, and sustained demand from central banks in Poland, China, Turkey, Kazakhstan, and India. Flows into exchange traded funds remain strong, further supporting prices.
On costs, Close said the use of all-in sustaining costs (AISC) is a better measure than many others for calculating the cost of production but it is still an imperfect measure.
“While it takes account of the various costs, such as energy, labour and consumables, it does not recognise any changes in the grade of ore being treated,” she said.
Close said head grades have been slowly falling over time and that in response there has been an increase in AISCs due to this factor alone.
“In reality, it has become economic to process lower grade material as gold prices have risen,” Close said. ”Head grades have declined, so the AISC per ounce produced has increased but this effect seems yet to be understood or appreciated.”
Top Australian producers for the quarter included Newmont’s Boddington and Cadia, Northern Star’s Super Pit, AngloGold Ashanti and Regis Resources’ Tropicana, and Newmont’s Tanami, showcasing the country’s consistent and high-quality output.
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Australian Mining
mining
03 December 20252 min readAussie Gold’S $15 Billion Output
Australian Mining
03 December 2025
mining
Iran Seizes Ship Carrying 350,000 Litres Of Smuggled Fuel In The Persian GulfIran has seized a vessel said to be carrying 350,000 litres of smuggled gas oil (diesel) from the country.
The Eswatini-flagged ship was stopped in the Persian Gulf, and its 13 crew members, hailing from India and a neighbouring country, have also been detained.
Per sources, the ship was seized under a judicial order and taken to the shores of Bushhr.
The fuel is being offloaded and will be given to Bushehr Oil Products Refining and Distribution Company.
This is not the first time that Iran has seized vessels in the region by accusing them of smuggling fuel.
On November 29, Ali Salami-zadeh, the prosecutor of Kish Island, said that two vessels were seized in the Persian Gulf for smuggling 80,000 litres of fuel.
In March, two foreign tankers, called Star 1 and Winteg, were also confiscated in the Persian Gulf.
At that time, the IRGC said that the tankers had 25 crew and were carrying over 3 million litres of smuggled diesel fuel.
Iranian officials usually cite fuel smuggling as one of the major reasons for raising fuel prices in the country.
Masoud Pezeshkian, president of Iran, said in January 2025 that 20 to 30 million litres of gasoline are smuggled daily and called it a catastrophe as the supply chain from production to distribution is in their own hands.
However, such large-scale fuel smuggling is not possible without the involvement of the IRGC, as it controls and oversees all the imports and exports via unofficial ports and airports.
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
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Marine Insight
port & ship
02 December 20253 min readIran Seizes Ship Carrying 350,000 Litres Of Smuggled Fuel In The Persian Gulf
Marine Insight
02 December 2025
port-and-ship
Severn Trent Water ‘Understands Frustration’ After Two Sets Of Roadworks Appear 100M ApartSevern Trent Water has apologised after unauthorised roadworks were set up 100m from another set of temporary traffic lights in Staffordshire. The utility firm failed to secure a permit before starting work to fix a damaged manhole in Werrington Road near to the junction with Winston Place, in Bucknall but its teams were then called away and the lights, which were not in-sync with each other, were left in situ, causing congestion and hour-long delays, says the Stoke Sentinel.
Severn Trent was already carrying out emergency repairs to a burst water pipe a short distance away at the junction of Werrington Road and Northfleet Street. The company has admitted that the permit needed for the second set of roadworks was not submitted to Stoke-on-Trent City Council in time.
A Severn Trent spokesperson told Highways News: “This week has seen a lot of disruption in the area, due to a series of unconnected issues and for this we have apologised. Our teams have been working hard around the clock in difficult circumstances to get everything back to normal.
“On Werrington Road on Wednesday we were attempting to carry out emergency repairs to a damaged manhole. Two-way traffic lights for the repair had been set up to keep our crews and public safe, but our teams were then forced to leave site and unfortunately in this commotion, the required permit for those works was not submitted to the council in time. We have been communicating with the council and highways on this matter and returned to the site on Thursday, with a full permit, to quickly complete the emergency manhole repair works and co-ordinated traffic management plans to keep disruption to a minimum. “This was a separate set of works to an emergency repair of a burst water pipe – which has a valid permit – taking place a short distance away. We do understand how frustrating these kinds of repairs are and would like to thank everyone for their understanding and patience.”
(Picture: Mapillary)
Highway News
road-bridge
29 November 20252 min readSevern Trent Water ‘Understands Frustration’ After Two Sets Of Roadworks Appear 100M Apart
Highway News
29 November 2025
road-bridge
Potka Begins Rs 16.7M Road Project And Unveils New Rural WorksSardar said rural development in Potka had accelerated significantly under Chief Minister Hemant Soren, with village transformation gaining strong momentum. He added that projects were being prioritised based on local needs, including bathing ghats in ponds, paver-block roads and concrete irrigation drains. These works, he said, would serve as milestones in Potka’s holistic rural progress.
He further alleged that Jharkhand lagged behind during 19 years of BJP rule, while the present government was ensuring development reached every village. Urging villagers to make full use of government schemes, he expressed confidence that Jharkhand was on course to join the ranks of prosperous states.
Hundreds of villagers, including former councillor Chandravati Mahato, Hiramani Murmu, activist Sunil Mahato, Mukhiya Kartik Murmu, Deputy Mukhiya Kushnu Murmu and Panchayat Samiti member Dukhu Mardi, attended the event.
Projects launched included bathing ghats in Balidih, Hakai and Mukundpur; paver-block roads in Chhota Bandua, Neemdih, Khairpal, Mudsai and Haldipokhar West Panchayat; and irrigation drains in Jamdih and Datobeda.
Construction World
road-bridge
28 November 20251 min readPotka Begins Rs 16.7M Road Project And Unveils New Rural Works
Construction World
28 November 2025
road-bridge
