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Oil Field
Oil Uplift Coming up Next on Brazilian Field’s Horizon
BW Energy, listed on the Oslo Stock Exchange, has confirmed a final investment decision for the Golfinho Boost project in the Espírito Santo Basin, offsh…
Tidal Energy
Nova Scotia Prepares Procurement for Tidal Energy Projects in Minas Passage
Nova Scotia is advancing its tidal energy development by initiating a procurement process for two available berths at the Fundy Ocean Research Centre for Energy…
Hydrogen Project
EnBW Commissions Hydrogen-Ready Power Plant in Stuttgart, Germany
EnBW has launched a hydrogen-ready gas turbine power plant at Stuttgart-Münster, advancing its efforts to reduce carbon emissions and ensure grid reliabili…
Solar project
Octopus Energy Generation to Develop 20 Solar Farms in South Korea
Octopus Energy Generation has announced a new solar energy investment in South Korea, advancing its renewable energy efforts in Asia. The initiative, managed th…
Power Construction
Zambia to Resume Construction of Power Line to Tanzania
Zambia will soon resume work on the Zambia-Tanzania Interconnector Project, designed to connect its power grid with East Africa’s. The initiative aims to estab…
Oil Price
JP Morgan Cuts Oil Price Forecasts on Weak Demand, Higher Output
JP Morgan recently revised its oil price forecasts for 2025 and 2026, pointing to increased OPEC+ production and reduced global demand. The bank lowered its 202…
Renewable Diesel
Declining Prices Clear Way for Brazil to Raise Biodiesel Blend to 15%, Industry Group Says
Brazil is poised to raise its mandatory biodiesel blend in diesel from 14% to 15%, according to Daniel Amaral, director of economics and regulatory affairs at A…
Coal-Fired Power Plants
China Allows New Coal Plants Through 2027 to Fill Renewable Gaps
China has outlined new guidelines allowing the construction of coal-fired power plants until at least 2027, according to a government action plan issued on Marc…
Oil Field
BP Makes New Oil Discovery off US Gulf Coast
On Monday, BP announced a new oil discovery in the Far South field, located in the U.S. Gulf of Mexico. The exploration well, drilled in Green Canyon Block 584,…
Offshore Wind Power
Corio Shelves 450MW Sceirde Rocks
Corio Generation has decided to halt the development of its 450MW Sceirde Rocks project off the west coast of Ireland. The company made this decision after rece…
Power Construction
Singapore Explores Grid Upgrades to Support Clean Energy
Singapore is intensifying efforts to enhance its power grid and broaden its energy mix, aiming for net-zero emissions by 2050. Natural gas, which currently gene…
Hydro Generator Unit
India OKs Detailed Project Reports of 7.5 GW Hydro-Pumped Storage Projects
The Central Electricity Authority (CEA), part of India’s Ministry of Power, has approved detailed project reports for six hydro-pumped storage projects (P…
Crude Oil
Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada
Trio Petroleum, a California-based oil and gas company, has finalized the purchase of petroleum and natural gas assets from Novacor Exploration in the Lloydmins…
Oil Refinery
Sinopec, Aramco Sign Agreement for Yanbu Refinery Expansion in Saudi Arabia
China Petroleum & Chemical Corporation (Sinopec) and Saudi Arabian Oil Company (Aramco) have signed an agreement to expand the Yanbu Refinery in Saudi Arabia&rs…
Energy Storage Project
ACE Power Bags Environmental Approvals for Queensland BESS Projects
ACE Power has secured environmental approvals for two major battery energy storage system (BESS) projects in Queensland, advancing the region’s renewable …
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