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Geothermal Power Plant
Fervo Energy Raises $244M for Geothermal Deployment
(Credit: Fervo Energy)Fervo Energy announced that it has raised $244 million in new funding led by Devon Energy, meant to enable Fervo’s next phase of gro…
Oil Price
Indian Government Hikes Windfall Tax on Petroleum Crude
A man pours petrol into an underground tank at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo Purchase Licensing RightsTh…
Oil & Gas Trade
UAE's ADNOC Closes Acquisition of 24.9% Stake in Austria's OMV
Abu Dhabi National Oil Company (ADNOC) said on Thursday it has formally closed the acquisition of a 24.9% stake in Austrian oil and gas group OMV (OMVV.VI), ope…
Oil & Gas Trade
Trinidad and Tobago Extends Deadline for Shallow-Water Oil and Gas Auction
Trinidad and Tobago on Thursday extended by almost two months a deadline to submit bids for an auction of shallow-water oil and gas blocks, the government said.…
Electric Vehicles
BYD Fuels EV Price War in China, Cutting MSRPs of Newly Refreshed Tang and Han Models
While Build Your Dreams (BYD) continues to gain global attention for its latest EV innovations, the Chinese automaker is targeting its home turf for its latest …
Energy Storage Project
Panasonic Energy Signs Long-Term Agreement With H&T for Supply of Lithium-Ion EV Battery Cylindrical Cans
Panasonic Energy signed a long-term agreement with H&T Recharge (H&T), a leading battery component manufacturer, for the supply of lithium-ion battery cans in N…
Hydropower Plant
Ukrhydroenergo Secures €200 Million Financial Support From Ebrd and Government of Italy
Ukrhydroenergo has secured a €100 million loan from the European Bank for Reconstruction and Development (EBRD), and a parallel concessional loan of €…
Uranium Project
Australian Miners Provide Updates on Past and Future Operations
Uranium production from Olympic Dam could increase in future as BHP considers expanding copper production at the mine in South Australia. Meanwhile, Energy Reso…
Renewable Energy
EDP Renewables Year-End With 16.6 GW of Installed Renewable Capacity, an Increase of 12% Compared to Year-End 2022
The company has added 2.5 GW of renewable capacity throughout 2023, close to 1.5 GW of which corresponds to solar utily-scale projects, in line with the targets…
LNG
EPS Inks Deals for Four Ammonia Dual-Fuel Bulkers, Two LNG Dual-Fuel Tankers
Singapore-based ship management company Eastern Pacific Shipping (EPS) has signed contracts with subsidiaries of China State Shipbuilding Corporation (CSSC) in …
Solar Power Plant
AIB to Source 80% of Its Electricity From Solar Energy
AIB Group announces use of 21.4GWh solar farms for renewable electricity demand. Image: AIB.The Allied Irish Banks (AIB) Group has announced it will purchase re…
Nuclear Power Plant (NPP)
Uniper Details German and Nordic Power Hedging for Hydro, Nuclear
The Uniper logo is seen at the utility's firm headquarters in Duesseldorf, Germany, July 8, 2022. REUTERS/Wolfgang Rattay/file photo Purchase Licensing Righ…
Oil & Gas Trade
Pertamina to Intensify Exploration in Indonesia's East Amid Higher Oil, Gas Output Targets
Indonesia's state energy company Pertamina wants to intensify its exploration efforts in the country's eastern regions, a senior official said on Wednes…
Oil Price
Cuba Reschedules Five-Fold Retail Fuel Price Hike for March 1
People stand in line with their cars to fill up on fuel after Cuba's government put off a five-fold increase in gasoline prices planned for February 1 due t…
LNG
BP Plans to Invest $1.5 Billion in Egypt Gas Projects
Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo Purchase Licensing Rights…
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