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Oil & Gas Trade

Kazakhstan to Compensate for Exceeding OPEC+ Quota in March

An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar…

Electric Vehicles

Tesla (Tsla) Is Rumored to Be Preparing a Massive Round of Layoffs

Tesla announced to Gigafactory Texas employees that it will shorten Cybertruck production shift amid rumors that it is preparing a round of layoffs.We received …

Electric Vehicles

BMW to Build X5 PHEV in Brazil

Following a sales record for electrified vehicles in Brazil last year, the BMW Group is announcing local production of the BMW X5, the first premium plug-in hyb…

Carbon Capture

Volvo Cars Uses Biogas to Achieve Its First Climate-Neutral Plant in China

Volvo Cars’ Taizhou manufacturing plant has switched to biogas, making it the company’s first plant in China to achieve climate-neutral status. The …

Wind Turbine

Made-In-Vietnam Wind Turbine Towers Bound for Rok

Ten domestically-manufactured offshore wind turbine towers are set to depart from Phu My Industrial Zone in the southern province of Ba Ria-Vung Tau by the end …

Photovoltaic （PV）

The 531 MW Mendubim Photovoltaic Plant Inaugurated in Brazil

The Mendubim Solar Complex, the largest photovoltaic project in Rio Grande do Norte, was inaugurated in the municipality of Assu. With investments of R$ 2.1 bil…

Crude Oil

Niger and China Sign Crude Oil MoU Worth $400 Mln, Says Niger State TV

Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of …

Carbon Capture

Construction of First Dutch Carbon Capture & Storage Project Begins in Rotterdam

Aerial view of the Maasvlakte at the Rotterdam port. June 2020 - Credit: Danny Cornelisssen / Porthos CO2 Transport and Storage C.V. - License: All Rights Reser…

Oil & Gas Trade

IEA Lowers Global Oil Demand Forecasts on Weak OECD Consumption

The IEA's forecast on Friday stands in stark contrast to Opec's outlook released on Thursday. ReutersThe International Energy Agency has revised down it…

Green Hydrogen

MOL Inaugurates 10MW Green Hydrogen Plant for Danube Refinery

MOL Group has inaugurated a 10 MW capacity green hydrogen plant —the largest in Central and Eastern Europe—in Százhalombatta. The €22-million inve…

Hydropower Plant

Orrön Energy Divests Its 50% Stake in Leikanger Hydropower Plant to Sognekraft

Orrön Energy AB has finalized the sale of its 50% stake in the 77MW Leikanger hydropower plant in Norway for approximately €53 million. The buyer, Sog…

Nuclear Fuel

Licence Issued to Test Brest-Od-300 Nuclear Fuel Module

Russian nuclear regulator Rostechnadzor has issued a licence which will allow the production of mock-ups of fuel assemblies with depleted uranium for the BREST-…

Germany

German Steel Manufacturers Sign PPA With EnBW for He Dreiht Offshore Wind Farm

EnBW and SHS – Stahl-Holding-Saar have signed a 15-year power purchase agreement (PPA) for 50 MW of generation capacity from the 960 MW He Dreiht offshore…

Hydrogen Production

MOL Group Opens 10 MW Green Hydrogen Plant in Hungary

Hungarian multinational oil and gas company MOL Group has inaugurated a 10-megawatt (MW) capacity green hydrogen plant in Százhalombatta, Hungary, to red…

Coal Production

China to Establish Coal Capacity Reserve System by 2027

China vowed to set up a coal capacity reserve system by 2027, aiming to secure energy security through more flexible coal supplies, according to plans the count…