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Thermal Coal
China Has Approved More Than 50 Gigawatts of New Coal Power
China’s coal output increased 9% to 4.5 billion tons last year.China approved more than 50 gigawatts of new coal power in the first half of 2023.The globa…
Electricity Transmission
Floating Power Plants Market to Hit Us$ 3.8 Billion by 2033 | fact.mr Report
Rockville , Aug. 06, 2023 (GLOBE NEWSWIRE) -- According to the latest market study by Fact.MR, the global floating power plants market is predicted to increase …
Renewable Energy
Clean Energy Vessels Propel Yangzijiang Shipbuilding’s Soaring Orderbook to $14.70 Bln
In the midst of a thriving shipbuilding upcycle fueled by the global decarbonization drive, Singapore-listed shipbuilder Yangzijiang Shipbuilding has secured a …
Electric Vehicle Battery
Craze for Anything EV Sends Steelmaker on $18 Billion Ride
POSCO technician in flame retardant protective gear at blast furnace in Pohang, South Korea. Image: worldsteel / Seong Joon ChoThe frenzy surrounding all things…
LNG
Modules Construction Starts for $5.1 Billion Canadian LNG Project
Qingdao McDermott Wuchuan Offshore Engineering (QMW), the joint venture between US contractor McDermott and China State Shipbuilding Corporation, has started co…
Solar Power Plant
Ingeteam Sells O&M Division to Res Group
UK-based multinational renewable energy company RES Group has acquired the service division of Spain's Ingeteam, in a move that gives RES approximately 35 G…
Oil Exploration
Totalenergies' $27BN Bet on Iraq Boosts Ailing Oil Industry
Pouyanne at the signing ceremony for the dealTotalEnergies’ signing of a long-stalled $27 billion deal to develop several energy-related projects in Iraq …
Wind Turbine
Siemens Gamesa Turbine Woes to Cost Less Than 2 Bln Euros - Source
Siemens Gamesa's troubles with its onshore wind turbines should cost parent company Siemens Energy (ENR1n.DE) less than 2 billion euros ($2.19 billion), a s…
Nuclear Power Plant (NPP)
China Approves Six Nuclear Reactors at $17 Billion Investment
China’s State Council approved six new nuclear reactors as it continues to expand the world’s biggest pipeline of new atomic energy projects.Two uni…
Hydropower Plant
Maine Hydropower Corridor Will Resume Construction Despite Big Jump in Cost, CEO Says
Construction in Maine will resume next week on an electricity transmission project bringing Canadian hydropower to the New England power grid despite a half-bil…
Wind Farm
China's Installed Capacity of Renewable Energy Hits 1.32 Bln KW
China’s installed capacity of renewable energy hit 1.32 billion kilowatts by the end of June, exceeding the coal-fired power generating capacity, accordin…
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&…
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…
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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