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Oil Refinery
CITIC Construction Wins bid Worth 5.7 bln USD in Iraq
CITIC Construction Co., Ltd., a subsidiary of CITIC Group, has recently won the bid for the first and second phase of the AI Khairat Heavy Oil Power Plant Proje…
Energy Storage Battery
LG Energy Solution and Samsung SDI to Supply Batteries to Large ESS Project in the U.S.
LG Energy Solution and Samsung SDI will supply batteries to a large-scale energy storage system project in the United States.
Oil Price
Oil Prices Plunge into Close, Roiled by Inflation Fears
Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration was looking for ways to reduce energy costs …
Electric Vehicle Battery
LG Energy Solution to Supply Batteries to Hydrogen Truck Maker Nikola
LG Energy Solution will supply batteries to Nikola, a U.S. hydrogen-electric truck company, for eight years from 2022 to 2029.
Nuclear Power Plant
Korea, France and the U.S. Likely to Compete for Polish Nuclear Power Plant Project
Korea Hydro & Nuclear Power and the Ministry of Trade, Industry and Energy had a meeting with the government of Poland on Nov. 5 and discussed South Korea’s pa…
Crude Oil
Oil Gains After U.S. Infrastructure Bill Passes, Chinese Exports Rise
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia's state-owned producer Aramco…
LNG
EIA: US LNG Exports Climb Week Over Week
Energy Information Administration weekly report shows that LNG exports from the U.S. climbed this week, with Henry Hub prices going down.
Crude Oil
Biden “Looking at” Tapping Strategic Oil Reserve, Energy Secretary Says
U.S. President Joe Biden “is looking at” a potential release from the Strategic Petroleum Reserve to bring down gasoline prices after OPEC+ rejected his reque…
Nuclear Policy
Iran Wants New Nuclear Deal By March 2022
The aim is to get a new version of the JCPOA agreed and the U.S.-enforced sanctions dropped by the end of the current year,” he added.
Crude Oil
OPEC Rejects Biden’s Call for More Oil
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasolin…
Energy Storage Battery
Hyundai Motor and Kia to Make Strategic Investments in U.S. Startup Factorial Energy
Hyundai Motor Co. and Kia Corp. have recently decided to make strategic investments in Factorial Energy, a U.S. battery startup, to jointly develop and produce …
Coal Mine
U.S. Coal Industry Says Almost Sold-Out For 2022
U.S. coal miners are enjoying the surge in demand for the fossil fuel, with almost all of their production through the end of next year
Oil Price
Oil Prices Set for First Weekly Drop Since August As Supply Concerns Ease
U.S. West Texas Intermediate crude futures fell 4 cents to $82.77 a barrel by 0151 GMT.
Oil Price
Oil Falls After Increases in U.S. Crude, Fuel Stockpiles
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in th…
Hydrogen Fuel Cell
SK Ecoplant Shifting into High Gear to Localize Fuel Cell Production
SK Ecoplant will strengthen its strategic cooperation with U.S. fuel cell manufacturer Bloom Energy to secure leadership in the domestic and foreign fuel cell m…
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