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Natural Gas
Turkey Finds New Natural Gas Reserve in Black Sea, Erdogan Says
On Saturday, President Tayyip Erdogan announced the discovery of a 75 billion cubic meter (bcm) natural gas reserve in the Black Sea, uncovered during drilling …
Electric Vehicles
Geely Automobile Sees Q1 2025 Revenue Jump 25% YoY
Geely Automobile Holdings Limited announced its first-quarter financial results for 2025 on May 15, reporting a revenue of 72.5 billion yuan, a 25% increase fro…
United States
Record US, Global Corn Output Projected in 2025
The U.S. Department of Agriculture (USDA) released its World Agricultural Supply and Demand Estimates (WASDE) report on May 12, 2025, projecting record-high U.S…
Oil Field
Nigeria Says Exxon Commits $1.5b to Deepwater Development
Exxon Mobil Corp. has committed $1.5 billion to develop a deepwater oil field in Nigeria, as the country seeks to increase its oil production. The investment, p…
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 …
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 …
Gas power plant
NRG Energy to Acquire LS Power’s Natural Gas Assets in $12BN Deal
NRG Energy has finalized an agreement to acquire LS Power Equity Advisors’ natural gas generation facilities and a commercial and industrial virtual power…
Nuclear Power Plant (NPP)
Czech Nuclear Plant Contract Faces EC Scrutiny Over Foreign Subsidy Concerns
The European Commission has requested that the Czech Republic delay finalizing a significant nuclear power plant contract with South Korea’s KHNP, valued …
Electric Vehicle Battery
A Vast New UK Battery Plant Just Secured £1B to Power 100K EVs
A new electric vehicle (EV) battery factory is being constructed in Sunderland, creating 1,000 new jobs. The £1 billion ($1.33 billion) facility, develope…
Czech Republic
Amdocs Powers Billing Overhaul for T-Mobile Czech Republic
Amdocs has successfully completed a significant upgrade to the billing and charging system for T-Mobile Czech Republic, a leading telecommunications provider in…
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…
Electric Vehicles
Nissan Pulls the Plug on Its +$1 Billion EV Battery Plant as the Alarm Bells Go Off
Nissan announced on Friday that it has canceled plans to construct a new lithium iron phosphate (LFP) battery plant in Japan, a decision aimed at addressing the…
Crude Oil
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve
A U.S. House committee unveiled a budget proposal on Sunday, allocating over $1.5 billion to restore and maintain the Strategic Petroleum Reserve (SPR), the wor…
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
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…
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