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Venezuela's New Gasoline System Fails to End Epic Lines
Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend.
Hydropower Plant
Uzbekistan Issues Tender for 23 MW Hydropower Capacity
JSC Uzbekhydroenergo, Uzbekistan's state hydropower producer and developer, has announced a tender for the design and construction of the 6 MW Rabat, 8 MW Chapp…
Solar Company
Valmont Acquires Undisclosed Stake in Energia Solar do Brasil
Global manufacturing company Valmont Industries has acquired a significant stake in Brazil-based Energia Solar do Brasil.
Crude Oil
Rig Count Plunges Below 300 in 13th-Straight Week of Losses
The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…
Offshore Wind Power
Germany Seeks 5-Fold Increase in Offshore Wind Power by 2040
The German government wants to increase offshore wind power capacity five-fold by 2040 as part of its plan to wean the country off fossil fuels.
Toyota to Launch Hydrogen Fuel Cell Venture with Chinese Auto Firms
Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems.
Crude Oil
OPEC+ Meetings Postponed Until Mid-June
The OPEC+ group has postponed its technical and monitoring meetings until the middle of June.
Energy Investment
America's DFC to Invest $350 Million in India
The US International Development Finance Corporation is looking to invest $350 million in multiple projects in India to support the country's financial services…
Nuclear Power Plant
Ontario Completes First Darlington Refurbishment
Unit 2 of Ontario Power Generation's Darlington nuclear power plant has been reconnected to the grid at 100% full power, marking the official completion of the …
Crude Oil
Indonesia Sees Product Demand Up 160,000 b/d by 2026
Indonesia expects domestic oil product demand to increase by 12pc or around 160,000 b/d by 2026, but an expansion of refinery capacity should eliminate the need…
Energy Transition
Eni Restructures Company to Lead Energy Transition
Italian oil major Eni announced Thursday it will undergo a structural transformation in the coming weeks, to become “a leader in the energy transition,”
Nuclear Policy
NDA Mismanaged Magnox Contract, Report Says
Costly mistakes have caused "untold reputational damage" to the UK's Nuclear Decommissioning Authority, according to a parliamentary report published yesterday.…
Smart Grid
Smart Power Grid Added Tremendous Impetus to China's Hainan Free Trade Port
On June 1, the Overall Plan for the Construction of Hainan Free Trade Port was officially released.
Electricity Trade
Iraqi Minister Stresses Importance of Electricity Imports from Iran
In a meeting with his Iranian counterpart Energy Minister Reza Ardakanian in Baghdad on June 3, Iraq's Minister of Electricity Majid Mahdi Hantoush appreciated …
Market Analysis
US Working Natural Gas Volumes in Underground Storage Rise 102 Bcf on Week:EIA
US working gas in storage increased by 102 Bcf last week, which was less than the market expected, but Henry Hub futures remained static following the report.
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