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Offshore Wind Power
Boem Receives Unsolicited Offshore Wind Lease Request, Cancels Second Gulf of Mexico Sale
The Bureau of Ocean Energy Management (BOEM) has canceled its second Gulf of Mexico offshore wind lease sale due to a lack of competitive interest. Published on…
LNG
Freeport LNG Returns to Full Production
Freeport LNG was on track to return to full production on Sunday, pulling over 2 billion cubic feet (bcf) of natural gas, LSEG data showed.Freeport is the Unite…
Carbon Emissions
China’s Cosco Shipping, Fortescue to Build Green Fuel Supply Chain
China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue (FMG.AX), opens new tab to jointly build a green fuel s…
Oil & Gas Trade
US Buys 4.65 Million Barrels for Emergency Oil Stockpile
The U.S. Department of Energy said on Monday it had finalized a contract to purchase 4.65 million barrels of crude oil for the Strategic Petroleum Reserve, for …
Photovoltaic (PV)
Chile Installs 3,962 MW of Photovoltaic and 1,882 MW of Wind Power
Currently, there are more than 3.9 GW PV under construction in the country. 67% of Chile’s electricity generation in June was renewable and solar energy r…
Energy Storage Project
Curtailment, Greece Needs 7 GW of Energy Storage by 2030 to Avoid Photovoltaic Cuts
Up to 20% of renewable electricity production is expected to be curtailed by 2030 in Greece if no new investments are made in energy storage.Greece is faced wit…
Oil & Gas Trade
Saudi Arabia’s Bahri Reports 15% Jump in Q2 Revenue on Year on Oil, Chemicals
The National Shipping Co. of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals shippin…
Carbon Capture
Carbon Capture Storage Can Extend Fossil Energy Use: Bph Migas
Carbon capture storage (CCS) technology enables the extended use of fossil energy in Indonesia, according to Saleh Abdurrahman, a member of the Downstream Oil a…
Nuclear Power Plant (NPP)
China’s Ningde Nuclear Power Plant Starts New Power Unit Construction
Ningde Nuclear Power Plant in east China's Fujian Province. /CMGConstruction of the No. 5 power unit at the Ningde Nuclear Power Plant in east China's F…
Electric Vehicles
Tesla and BYD Are Dominating the Global Electric Vehicle Market
Tesla's gross margin has been declining every quarter since Q1 2022, but it still maintains the largest BEV market share globally.BYD is hot on Tesla's …
Crude Oil
Exclusive: Nigeria’s Dangote Refinery Is Reselling Crude, Sources Say
Nigeria's major Dangote oil refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday.Three of th…
Oil & Gas Trade
Libya’s NOC Denies It Is in Talks to Supply Crude Oil to Nigeria
Libya's National Oil Corporation (NOC) on Sunday denied holding negotiations to supply crude oil to a refinery in Nigeria.A senior executive with Nigeria…
Pumped Storage
Tunnel Construction Starts for Forbach Pumped Storage Project
German energy company EnBW hosted a ceremonial tunnel groundbreaking event late last month, signifying the official commencement of tunnel and mining work at th…
Offshore Wind Power
27 GE Haliade-X Wind Turbines Installed at Dogger Bank A
More than a quarter of wind turbines at Dogger Bank A, the first phase of the UK’s 3.6 GW Dogger Bank Wind Farm, have been installed.So far, 27 of the 95 …
Offshore Wind Power
Morocco Begins the Construction Process of Africa’s First Offshore Wind Power Plant
Morocco is looking for a consultant to carry out a feasibility study on an offshore wind energy project that could be the first in Africa.The Moroccan Agency fo…
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