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Oil and Gas Equipment
S. Korea's 1st Indigenous Gas Turbine-Equipped Power Plant Begins Commercial Operations
South Korea has begun commercial operations of a power plant installed with the country's first homegrown gas turbine, its operator said Monday.Korea Wester…
Coal Production
BHP Expects Indian Steelmaking Boom to Drive Its Coal Business, Financial Times Reports
A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/IllustrationBHP Grou…
Electric Vehicles
Governments of Canada and British Columbia Jointly Investing $395.5m in Electrification of Public Transit in BC
The governments of Canada and British Columbia will jointly invest more than $395.5 million to support public transit in British Columbia. Through this investme…
Energy Storage Project
Finnish Minerals Group and Beijing Easpring to Form JV Company to Advance €774M Cam Plant Project
In November 2021, Finnish Minerals Group announced that it was negotiating with China-based Beijing Easpring Material Technology on the possibility to establish…
Battery
New Research Unveils the Future of Energy-Efficient Power Delivery
Since the 1940s, scientists have been exploring the use of niobium oxide, specifically a form of niobium oxide known as T-Nb2O5, to create more efficient batter…
Oil&Gas Drilling
NIDC Digs 36 Oil, Gas Wells in 4 Months
TEHRAN - National Iranian Drilling Company (NIDC) dug and completed the digging operations of 36 oil and gas wells during the first four months of the current I…
Coal Production
Iran Holds 1.5 Billion Tons of Coal Reserves
TEHRAN – The secretary of Iran Coal Association has said the country holds 1.5 billion tons of definite coal reserves which is enough to meet the country&…
Offshore Wind Power
Capital Energy Puts 1,500 MW of Wind Power Up for Sale in Spain
Capital Energy has put up for sale a portfolio of more than 1,500 megawatts (MW) of wind projects in an advanced stage of development in Spain.These projects, w…
Oil Price
Kuwait Petroleum Corporation Posts Net Profit of $8.5 Billion in Last Fiscal Year
Kuwait Petroleum Corporation and its subsidiaries posted a net profit of more than 2.6 billion Kuwaiti dinars ($8.48 billion) in the last fiscal year, the highe…
Renewable Energy
Capital Energy to Sell $1 Billion Renewable Energy Portfolio, Sources Say
Power-generating windmill turbines are pictured at a wind park in the Serra da Capelada, near Ferrol, Galicia, Spain April 13, 2023. REUTERS/Nacho Doce/File Pho…
Offshore Wind Power
Vattenfall Has Stopped Development of Its 1.4 GW Norfolk Boreas Offshore Wind Project in the UK
The Norfolk Boreas project was awarded a 15-year Contract for Difference (CfD) in UK AR4 last year at £37.35/ MWh (real 2012) and positioned to take FID i…
LNG
BP and OMV Ink Long-Term LNG Supply Agreement
UK-headquartered energy major BP and Austria’s integrated oil and gas company OMV have signed a long-term sale and purchase agreement (SPA) for the supply…
Nuclear Power Plant (NPP)
UK Government to Invest Us$219M Into Nuclear Power
This new nuclear power station would help deliver the government’s ambition for up to 24GW of the UK’s power to come from nuclear sources by 2050 &n…
Oil & Gas Trade
NPCC Lands $219M Adnoc Offshore Epc Project Contract
National Petroleum Construction Company (NPCC) has announced that it has received a letter of award from Abu Dhabi National Oil Company (Adnoc) Offshore for a c…
Electric Vehicles
BYD Mulls Dropping $1 Billion EV Joint Venture in India Following Government Scrutiny
After submitting a proposal to the government in India alongside its local joint venture partner this past spring, Build Your Dreams (BYD) is reportedly shelvin…
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