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Oil Price
Oil Slides Toward $60 Ahead of OPEC+ Meeting to Boost Global Supply
Crude oil prices have weakened on Tuesday as OPEC and its allies are expected to decide how to proceed with the collective production cuts from April onwards.
Oil Field
Eni Through Var Energi Announces New Oil Discovery Offshore Norway
Eni through Var Energi, jointly owned by Eni and by HitecVision (30.15%) announces a new oil discovery in production licence PL532 in the Barents Sea
SINOPEC
Sinopec Accelerates Hydrogen Energy Development to Build World-leading Clean Energy Chemical Company
As a secondary source of energy, hydrogen is playing an increasingly important role on the world energy stage.
Hydrogen Fuel Cell
TECO 2030 to Set up Giga Factory for Production of Hydrogen Fuel Cells in Narvik, Norway
TECO 2030 ASA plans to establish Norway’s first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway.
Electric Vehicle Battery
LG Energy Solutions to Invest $4.5 Billion in Electric Vehicle Battery Production in the U.S. Through 2025
LG Energy Solution said on Thursday it plans to invest more than $4.5 billion in its U.S. battery production business through 2025 and add 4,000 jobs as it cons…
Energy Taxation
Basic Customs Duty Expected to Increase Solar bid Tariffs by up to 50 Paise per Unit: ICRA
Basic customs duty of 25 per cent and 40% on imported solar cells and modules, respectively, is likely to result in an increase in solar tariffs.
Electric Car
China's February EV Production, Sales at Record High
China's new energy vehicle production and sales rose for the eighth consecutive month in February, with the volume setting new monthly records.
Oil Field
Equinor Gets Go-Ahead to Drill North Sea Well Duo
Norwegian offshore safety agency, the Petroleum Safety Authority Norway (PSA), has given Equinor consent to drill two exploration wells offshore Norway, using t…
Personnel Appointment
Senate Votes to Confirm Regan as EPA Administrator
The U.S. Senate on March 10 voted 66 to 34 to confirm Michael Regan as administrator of the U.S. EPA. Representatives of the biofuels and bioenergy industries h…
Coal Trade
Vietnam's Coal Imports Fall Further in February
Vietnamese coal imports slipped for a third straight month in February from a year earlier as industrial activity slowed amid the lunar new year holiday and a r…
Electric Car
Volvo India to Exit Diesel, Plans to go Full Electric
Swedish luxury carmaker Volvo will be phasing out diesel cars from India by the end of this year and gradually move over to only electrics as the company works …
OPEC
India Asks Refiners to Diversify, Cut Reliance on Middle East Oil After Opec+ Decision
India, hit hard by the soaring oil prices, has urged producers to ease output cuts and help the global economic recovery
Solar Power Panel
Chinese Firm BYD Increases Solar Panel Production in Brazil
Demand for solar power equipment has risen in Brazil as solar energy had the highest growth in the country last year, outpacing thermal and wind energy.
Oil & Gas Trade
Saudi Oil Exports Holding Strong Despite Production Cut Commitment
Saudi Arabia’s crude oil exports fell just slightly in February, in stark contrast to the bold voluntary production cuts that the Kingdom had offered to make.
Nuclear Power Plant
Presidents of Russia and Turkey Give Start to Full-Scale Construction of Akkuyu NPP Unit 3 During a Ceremony Via Videoconference
10 March, 2021, Büyükeceli, Mersin Province, Turkey. A ceremony commemorating the start of Unit 3 construction was held at the site of the first Turkish nucle…
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