Bill

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…

LNG

Canada’s Multi-Billion LNG Project Seeks Permit for New Floatel to Create 900 More Jobs

Woodfibre Management, a Vancouver-based Canadian company, is preparing to seek regulatory approval for a second floating workforce accommodation unit, or floate…

Power Construction

Scottishpower to Upgrade British Grid

The National Wealth Fund (NWF) has committed £600 million to Iberdrola for upgrading the UK’s power grid through its subsidiary, ScottishPower. This…

Hydropower Plant

Statkraft Eyes a $380M Upgrade for Nore Hydro Plants

Statkraft, Europe’s leading renewable energy producer, has applied for a license to upgrade the Nore hydropower plants in Nore and Uvdal, Buskerud, Norway…

Crude Oil

Exxon Plans $1.5 Billion Investment in Nigerian Oilfield

ExxonMobil, a global energy company, plans to invest $1.5 billion in its deepwater operations in Nigeria, according to the Nigerian Upstream Petroleum Regulator…

India

Hindustan-Tata JV Lands 8KM Section of New Indore Metro

A joint venture between Hindustan Construction Company (HCC) and Tata Projects has secured a $259 million (21.9 billion rupees) contract to construct a section …

Hydropower Plant

Upgrade Plan Submitted for Nore Hydropower Plants in Norway

Statkraft has applied for a license to modernize its Nore hydropower plants in Buskerud, Norway, located along the Numedalslågen river. The project, estim…

Nuclear Power Plant (NPP)

Russia’s Rosatom Sues Finnish Firms $2.8 Bln Over Nuclear Plant Contract

On Monday, Russia’s state-owned Rosatom filed a lawsuit in Moscow against Finnish companies Fortum and Outokumpu, seeking 227.8 billion roubles ($2.8 bill…

Green Hydrogen

Totalenergies Seeks Permit for $16 Billion Green Hydrogen Project in Chile

TotalEnergies subsidiaries have submitted an application for an environmental permit for a $16 billion green hydrogen and ammonia project in southern Chile, acc…

Coal Production

House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands

On Tuesday, the House Natural Resources Committee will review proposed changes to U.S. oil and gas drilling programs as part of a budget reconciliation bill. Th…

Electric Vehicles

Here’s How Volvo Plans to Overcome Trump’s Tariffs With New EVs Arriving

Volvo Cars has announced a SEK 18 billion (approximately $2 billion) restructuring plan to foster growth and address challenges posed by tariffs. The initiative…

United States

Thermo Fisher Scientific Announces $2 Billion Investment in U.S. Operations

Thermo Fisher Scientific Inc., based in Waltham, Massachusetts, has announced a $2 billion investment in the United States over the next four years to advance i…