Bill

Offshore Wind Power

Trump Administration Allows New York Offshore Wind Farm to Resume Construction

On Monday, Equinor, a Norwegian energy firm, announced that the Trump administration lifted a month-long stop-work order on Empire Wind, a $5 billion offshore w…

CCS

10 Companies Shortlisted to Vie for Denmark’s C02 Storage Funding

The Danish Energy Agency has selected ten companies to compete for funding under its carbon capture and storage (CCS) initiative, aimed at supporting Denmark&rs…

Gas power plant

Vistra to Buy 2.6GW Generation Capacity From Lotus for $1.9bn

Vistra, an integrated retail electricity and power generation company, has agreed to acquire a portfolio of natural gas generation facilities from Lotus Infrast…

Hydropower Plant

Rio Tinto to Modernise Quebec Hydro Plant With $1.2bn Investment

Rio Tinto has committed $1.2 billion to modernize the Isle-Maligne hydroelectric power plant in Alma, Quebec, marking its largest investment in hydroelectric as…

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…