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LNG
2024-06-03
JERA's Partial Stake in US LNG Project Going to JAPEX
Japan’s power generation company JERA, a joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company, has decided to offload a partial interest in a liquefied natural gas (LN
Oil&Gas Drilling
2024-06-03
South Korea's Yoon Says Vast Amount of Oil, Gas Reserve Possible off East Coast
South Korean President Yoon Suk Yeol said on Monday he gave the green light to conduct exploration drilling of potentially vast oil and gas prospects that had been found off the country's east coast.The possibility of the area containing as much a
Renewable Energy
2024-06-03
Mitsubishi Power to Supply Technology to Support Brazil's Largest Reliability Project
- Signing ceremony marks another milestone in the landmark UTE Portocem project.- Commercial operation scheduled for 2026 for one of the largest power plants ever built in Latin America.- The project marks Mitsubishi Power's third Brazil advanced
Geothermal Power Plant
2024-06-03
PGE, PLN Sign Agreement to Combine Efforts to Optimize Geothermal Power in Indonesia
Signing of Joint Development Agreement between the PGEO and PLN (source: PGEO)PT Pertamina Geothermal Energy (PGEO) and PT PLN Indonesia Power (PLN) have officially signed a Joint Development Agreement (JDA) which marks a new stage in effort to optimize t
Geothermal Power Project
2024-06-03
EDC Set to Put Four Geothermal Power Facilities Online in 2024
Mahanagdong geothermal plant, Leyte, Philippines (source: EDC)The Energy Development Corporation (EDC) is targeting to commence operations on four geothermal power plants before the end of 2024. The four planned projects are as follows:29-MW Palayan Bayan
Offshore Wind Power
2024-06-01
OEG Renewables and SOMAC Forge Japanese Offshore Wind Alliance
OEG Renewables and Sojitz Machinery Corporation (SOMAC) have signed a Memorandum of Understanding (MoU) to offer renewable service solutions to the growing offshore wind market in Japan.Source: OEG RenewablesUnder the MoU, the companies will provide pre-c
Offshore Wind Power
2024-06-01
Saudi Arabia Signs One of the Cheapest Wind Power PPAs in the World
The state-owned Saudi Power Procurement Company will purchase electricity from two planned wind farms in Saudi Arabia (Al Ghat with 600 MW and Wa’ad Al Shamal with 500 MW) through what are supposed to be the world’s cheapest wind PPAs.
Oil & Gas Trade
2024-06-01
Aramco Completes Acquisition of 40% Stake in Gas & Oil Pakistan
At the closing ceremony are GO CEO Khalid Riaz, sitting left, and Aramco Director of International Retail Nader Douhan, sitting right. Standing, from left, are GO board members Bilal Ansari and Shahzad Mubeen, Aramco Executive Vice President of Products &
Net Zero
2024-05-31
South Korea Plans 70% Carbon-Free Power Generation by 2038, Draft Shows
Children play in water as Wolseong Nuclear Power Plant is seen in the background in Gyeongju, South Korea, August 21, 2022. REUTERS/Kim Hong-Ji/File Photo Purchase Licensing RightsSouth Korea plans to generate 70% of its electric power from carbon-free en
Electric Vehicles
2024-05-31
Renault, Geely Create Joint Venture for Hybrid, Combustion Engines
A Renault logo is pictured in Brussels, Belgium March 4, 2024. REUTERS/Yves Herman/File Photo Purchase Licensing RightsFrench automaker Renault (RENA.PA), opens new tab and Chinese partner Geely (0175.HK), opens new tab announced a highly anticipated join
Wind Farm
2024-05-31
BayWa r.e. And Hankuk Paper to Develop 60-MW Onshore Wind Project in South Korea
The project will support the Hankuk Paper and the country’s energy transition.Global renewable energy developer BayWa r.e. signed a memorandum of understanding with paper manufacturer Hankuk Paper to develop a 60-megawatt onshore wind project in
Electric Vehicles
2024-05-31
Tesla Is Preparing to Get Full Self-Driving Package Approved in China
According to a new report, Tesla is preparing to get Full Self-Driving (FSD) package approved in China – starting with employee vehicles.Last month, Tesla’s stock jumped on a report that the automaker was granted approval under certain
Nuclear Power Plant (NPP)
2024-05-31
Indonesia, United States Partner on Nuclear Power Plant Development
Indonesia is currently developing a nuclear power plant or PLTN in partnership with the United States. Indonesia received a grant worth US$2.3 million or Rp34 billion to develop the program.Deputy for International Economic Cooperation Coordination at the
Nuclear Reactor
2024-05-31
S. Korea to Build Up to 3 New Nuclear Reactors by 2038
Saeul Nuclear Power Plant in Ulsan, 299 kilometers south of Seoul (Nuclear Safety And Security Commission)South Korea plans to build up to three new nuclear reactors by 2038 in line with efforts to cut carbon emissions and meet the growing electricity dem
Nuclear Power Plant (NPP)
2024-05-31
Toshiba Teams up With Local Firms for Polish Plant
Japan's Toshiba has signed a memorandum of understanding with two Polish companies to explore collaboration in equipment supply and maintenance services for Poland's first nuclear power plant.(Image: PEJ)Japan's Toshiba has signed
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China's Investment into BRI Countries Expands in Jan.-May
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Heads of State From Bahrain, Egypt, Tunisia and the Uae to Visit China
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Renewed Focus On Energy Security Prompts Nearly $2 Trillion Investment in Clean Energy Since 2020, Iea Finds
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Gazprom Greenlights $15 Billion Investment Plan to Bolster Gas Production Capacity
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Toyo Invests In Japan’s Offshore Renewable Sector
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EDF Wins 250MW in French Offshore Tender
