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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…
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…
Solar Technology
Sundrive Signs China Pact to Scale up Copper PV Technology
Sydney-based SunDrive has entered a joint development agreement with Maxwell Technologies and Jiangsu Vistar Equipment Technology to develop and distribute comm…
Denmark
World’s First Commercial-Scale E-methanol Plant Opens in Denmark
The world’s first commercial-scale e-methanol plant began operations in Kasso, southern Denmark, on Tuesday, with shipping company Maersk set to purchase …
LNG
Shell’s LNG Canada Plans First Exports as Soon as Late June
Shell Plc’s liquefied natural gas (LNG) project, LNG Canada, located on Canada’s western coast, is nearing completion and preparing to start oversea…
Australia
Linde Engineering to Deliver Cryogenic System for Major Quantum-Computing System in Australia
Linde Engineering, based in Pullach, Germany, has signed an agreement with PsiQuantum, headquartered in Palo Alto, California, to construct a cryogenic cooling …
Electric Vehicles
Tesla (TSLA) Slows Down in China Despite New Model Y Production
Tesla experienced a decline in sales and exports in China during April 2025, despite increased production of the updated Model Y at its Shanghai Gigafactory. Of…
Electric Vehicles
Ferrari Sees Its First Electric Car Powering a Comeback in China
Ferrari NV is set to introduce its first fully electric supercar, the Elettrica EV, in October, aiming to revitalize sales in China by leveraging lower tariff a…
China
Sany to Invest $1.5bn in Overseas Sales Drive After IPO
Sany Heavy Industry, a leading Chinese equipment manufacturer, plans to raise $1.5 billion through an initial public offering (IPO) on the Hong Kong stock excha…
Metal
Sabre Resources Completes Ninghan Gold Project Sale to Capricorn Metals
Sabre Resources has finalized the sale of its Ninghan gold project tenements in Western Australia’s southern Murchison Region to Capricorn Metals for A$1.…
Hydropower Plant
Uzbekistan, Slovenia Reach Agreement on Small-Scale Micro Hydropower Plants
Uzbekistan and Slovenia have reached an agreement to develop small-scale micro hydropower plants, as announced by Uzbekistan’s Ministry of Investment, Ind…
Energy Storage Project
American Energy Sector Set to Invest $100B in Battery Storage by 2030
The U.S. energy industry has pledged $100 billion over the next five years to develop and procure American-made batteries for large-scale battery energy storage…
Crude Oil
China’s Recovery in Crude Oil Imports Is More Bearish Than Bullish
China, the world’s largest crude oil importer, reported a slight increase in imports for the first four months of 2025, reaching 11.83 million barrels per…
Crude Oil
Oman Considering $8 Billion Sale of Natural Gas Assets, Sources Say
Oman is exploring the sale of a minority stake in natural gas assets within Block 6, valued at approximately $8 billion, to raise funds for state finances and s…
Pumped Storage
AGL Acquires Upper Hunter Pumped Hydro Projects
AGL Energy, an Australian energy company, has acquired two early-stage pumped hydro energy storage projects from Upper Hunter Hydro Top Trust (UHH) and its trus…
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