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Metal

Gold Rises Above $3,100 for First Time as U.S. Levies Boost Havens

Gold opened the week at a fresh record high, with U.S. President Donald Trump signaling another round of tariffs, sparking concerns about a potential global tra…

Geothermal Power Project

World Bank Announces $150 Million Investment for Geothermal in El Salvador

The World Bank has recently approved a $15 million, six-year investment program to support El Salvador in expanding its geothermal energy capabilities. The fund…

Oil&Gas Drilling

Oil Production Starts at Equinor’s Norwegian Field, Ushering in ‘New Era’ for Barents Sea

Norwegian state-owned energy giant Equinor has successfully started production at the Johan Castberg field in the Barents Sea, marking a significant milestone i…

Nuclear Power Plant (NPP)

Application Lodged for Construction of Texas SMR Plant

Dow and X-Energy have submitted a construction licence application to the US Nuclear Regulatory Commission (NRC) for a proposed advanced nuclear project at Dow&…

Oil Shale

Japan’s Tokyo Gas Expands in US Shale Gas With Chevron Deal

TG Natural Resources LLC (TGNR), a company owned by Tokyo Gas and Castleton Commodities International, recently acquired a 70% stake in Chevron’s east Tex…

Photovoltaic （PV）

Israel Installs 900 MW of PV Capacity in 2024

Israel has made significant strides in expanding its renewable energy sector in 2024. The country installed 900 MW of photovoltaic (PV) capacity and 11 MW of bi…

Metal

Russia, US in Talks Over Joint Rare Earths Projects

Washington and Moscow have reportedly started discussions on joint rare earth projects in Russia. Kirill Dmitriev, head of Russia’s sovereign wealth fund,…

SMR

First Main Pump for Chinese SMR Shipped

The first of four main pumps for China's ACP100 small modular reactor demonstration project has passed factory acceptance tests and has been shipped to the …

Natural Gas

BpTT Advances Upstream Strategy With Ginger Gas Project Approval

The British company BP (bpTT) has achieved a significant milestone by finalising the investment decision (FID) on the Ginger gas development. This marks progres…

Electric Vehicles

Great Wall Motor’s Net Profit Surges 80.76% YoY in 2024

Chinese automaker Great Wall Motor (GWM) released its 2024 financial results, showcasing strong performance in revenue and profits on March 28. The company repo…

Offshore Wind Power

OEG Bags Three-Year Offshore Wind Gig With Orsted

OEG Energy Group has recently secured a three-year contract for Orsted’s German offshore wind cluster, a deal that underscores the company's commitmen…

Oil Price

Petrobras Lowers Diesel Prices for First Time in More Than a Year

Petrobras lowers diesel prices for the first time in over a year, impacting fuel costs in Brazil. The state-run oil company announced a 4.6% cut in diesel price…

Nuclear Power Plant (NPP)

Duke Energy Receives Approval to Extend Operations at Oconee Nuclear Plant

Duke Energy has recently been granted a 20-year renewal of the license for its Oconee nuclear power plant in South Carolina. This decision comes after a long pe…

Natural Gas

Shell Warns Australia’s Gas Reservation Plan Could Worsen Shortages

On May 3, as Australia approaches its general election, energy has become a key political issue. The conservative Liberal-National coalition has pledged to tack…

Floating Solar

Sembcorp Inks 25-Year Solar Power Deal

Sembcorp Industries has announced a significant milestone in its renewable energy efforts. On March 31, 2025, the company signed a 25-year agreement to construc…