Ai

China

COSCO Shipping Bulk Orders New Ammonia and Methanol-Ready Ships

COSCO Shipping Bulk, a subsidiary of COSCO Shipping, has ordered two 209,800 dwt ammonia and methanol-ready bulk carriers from Qingdao Beihai Shipbuilding in Qi…

Oil Field

Gulf of Thailand Oil Field Revamp Gets Green Light

Valeura Energy has approved redevelopment of its 100%-owned Wassana field in license G10/48, Gulf of Thailand, with a new central processing platform (CPP). The…

Photovoltaic （PV）

U.S. Off-Grid Specialist Launches PV-Powered EV Charging Station

Beam Global has launched its EV ARC off-grid charging system in Europe from its Serbian operations. The prefabricated unit, requiring no construction or permits…

Metal

Exxaro Resources to Acquire Manganese Assets for $640M in South Africa

Exxaro Resources has acquired manganese assets in South Africa’s Kalahari Manganese Field for ZAR11.67 billion ($640 million), with potential adjustments …

Metal

Codelco Signs Agreement With I-Pulse to Explore Advanced Mining Technologies

Codelco, Chile’s state-owned mining company, has signed a letter of intent with I-Pulse to explore pulsed power technologies for mining, focusing on susta…

CCS

Drilling Ops Yield Fertile Ground for Carbon Storage in North Sea

Equinor Low Carbon Solutions has drilled two appraisal wells, 32/7-1 and 32/4-4, in the Norwegian North Sea, 20 kilometers east of Troll A and 70 kilometers wes…

Offshore Wind Power

Synera Renewable Gains Controlling Stake in Formosa 2 Offshore Wind Farm

Synera Renewable Energy Group (SRE) has increased its stake in the Formosa 2 offshore wind farm by 26%, achieving a 51% majority interest. Formosa 2, located of…

Oil Price

US Oil Prices Drop More Than $1 as Inventory Build Raises Oversupply Fear

U.S. crude futures dropped more than $1 in early trading on Thursday after unexpected data showed an increase in U.S. crude oil inventories, sparking concerns a…

LNG

Venture Global Urges FERC to Reaffirm Approval for Louisiana LNG Project

Venture Global, a U.S. liquefied natural gas (LNG) company, is seeking approval from the Federal Energy Regulatory Commission (FERC) to proceed with the constru…

United States

Verizon Helps Out With $5B Small Business Supplier Accelerator Program

Verizon has pledged $5 billion over the next five years to support U.S. small business suppliers through its newly launched Small Business Supplier Accelerator …

Battery

Eku Energy Secures £145M BESS Financing

Eku Energy has obtained £145 million in financing to support the development of grid-scale battery storage projects across the UK. The funding, provided b…

Metal

Sumitomo to Acquire 30% Stake in Rio Tinto’s Winu Project in Australia

Sumitomo Metal Mining (SMM) has entered into agreements with Rio Tinto to acquire a 30% stake in the Winu copper-gold project, located in Western Australia&rsqu…

Electric Vehicles

CATL, Changan Mazda Sign MoU to Co-develop NEVs Based on Skateboard Chassis

CATL and Changan Mazda signed a memorandum of understanding (MoU) in Shanghai to collaborate on the development of new energy vehicles (NEVs) on May 13. The par…

Photovoltaic （PV）

Aypa Power Secures $535M for Hybrid Solar and Energy Storage Project in California

Aypa Power, part of the Blackstone portfolio, has obtained $535 million in debt financing for its Vidal solar-plus-storage project in San Bernardino County, Cal…

Metal

Auric Begins Mining at Munda Gold Mine Starter Pit in Australia

Auric Mining has started operations at the Munda gold mine starter pit near Widgiemooltha, Western Australia, with a groundbreaking event held on 10 May 2025. T…