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Nuclear Reactor

China Approves Construction of Ten New Nuclear Reactors

China has authorized the construction of ten new nuclear reactors in 2025, marking the fourth consecutive year with at least ten approvals. This decision reinfo…

Battery

CIP to Sell 50% Stake in 500MW Coalburn 1 BESS Project, Scotland

Copenhagen Infrastructure Partners (CIP) has finalized an agreement to sell a 50% stake in its Coalburn 1 battery energy storage system (BESS) to AXA IM Alts. T…

CCS

Saipem Scores €520 Million Gig on Eni’s Irish Sea CCS Project

Italian energy company Eni has awarded a €520 million contract to Saipem, an Italian engineering and construction firm, for a carbon capture and storage (C…

Crude Oil

Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales

On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, l…

Oil Refinery

Spanish Oil Refineries Shut Down After Power Blackout

On Monday, a widespread power outage across Spain and Portugal forced several oil refineries to suspend operations, including both plants managed by Moeve, Spai…

Ethanol

Trump Administration Allows Temporary Sales of Summertime Higher-Ethanol Fuel

On Monday, the Trump administration announced an emergency waiver permitting the nationwide sale of E15, a gasoline blend containing 15% ethanol, during the sum…

Electricity Transmission

Loss of Power, Franco-Spanish Interconnection Failure Led to Grid Collapse

On Monday, a widespread blackout affected large parts of the Iberian Peninsula, primarily due to a significant and sudden reduction in electricity supply, accor…

CCS

Calpine Strikes New Agreement for Texas Power Generation CCS Project

Exxon Mobil has entered into an agreement with Calpine to transport and permanently store up to 2 million metric tons of CO2 annually from Calpine’s Bayto…

Brazil

Brazil’s Ethanol Boom Keeps More Corn at Home

Brazil’s rising domestic corn consumption is expected to reduce its role in the global export market, potentially benefiting other exporters and influenci…

Oil & Gas Trade

Vitol Steps up Venezuela Oil Buying Before U.S. License Lapses

Vitol Group, the world’s largest independent oil trader, has increased its oil purchases from Venezuela in April, utilizing a U.S. license set to expire o…

FLNG

Wison New Energies Nets Work on Petronas FLNG Set for Suriname

China’s Wison New Energies has finalized the detailed feasibility study for a new floating liquefied natural gas (FLNG) facility to be located offshore Su…

Offshore Wind Power

Global Energy Giant RWE Halts US Offshore Wind Because of Trump

RWE, a leading global renewable energy company based in Germany, has paused its US offshore wind operations due to recent policy shifts. The decision was announ…

Pakistan

Pakistan’s Wheat Production Declines 10% for Rabi Season 2024-25

Pakistan’s wheat production for the Rabi Season 2024-2025 reached an estimated 28.42 million tons from 9.1 million hectares, falling short of the 33.58 mi…

Nuclear Power Plant (NPP)

Olkiluoto 3 Nuclear Plant Back Online Ahead of Schedule

The annual maintenance of the Olkiluoto 3 nuclear reactor was completed on Monday morning, with electricity production expected to resume at 1 a.m. on Tuesday, …

China

China Accelerates Shift to Brazilian Soybeans, as US Agricultural Exports Plunge Amid Tariffs

In April 2025, China’s Zhejiang Province is seeing a significant increase in soybean shipments from Brazil. Around 40 Brazilian soybean vessels are expect…