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Oil & Gas Trade

U.S. Sends Crude Oil To World’s Top Exporter Saudi Arabia

The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since one…

LNG

Inpex Hit by $1.3 bln Australian LNG Assets Impairment

Japan’s oil and gas giant Inpex has flagged a 139.7 billion yen ($1.33 billion) impairment loss on its Australian LNG assets.

Oil Field

Petrobras Reaches Record Buzios Output in July

Brazilian oil major Petrobras has broken a monthly oil production record on its Buzios deepwater field offshore Brazil.

Electricity Transmission

New Zealand: Powerco to Trial Wireless Power Transmission Technology

Kiwi start-up Emrod claims to have developed the world’s first long-range, high-power, wireless power transmission technology.

Crude Oil

Iraq Says Will Make Additional Oil Cuts in August

Iraq said on Thursday it would make an additional cut in its oil production of about 400,000 barrels per day in August.

Wind Power Project

Statkraft UK Awarded 330MW in Ireland’s First Renewable Energy Auction

Norwegian mega-utility Statkraft has been awarded a total of 330MW of the almost 1.3GW in clean energy capacity available in Ireland’s first renewable energy a…

Germany

Bosch Signs Power Purchase Deals with RWE, Statkraft and Vattenfall

German technology company Bosch has signed three long-term power purchase agreements (PPAs) for electricity generated by RWE, Statkraft, and Vattenfall.

Solar Power Plant

SDPI, Avondale and J-Power to Develop Charger Solar Project in US

Solar Plus Development, Avondale Solar and J-Power USA have signed an agreement to jointly develop the 400MW AC Charger Solar photovoltaic project.

Nuclear Power Plant

Moltex Selects Jacobs for New Type Nuclear Power Reactor Development

Moltex Energy has selected US-based professional services firm Jacobs to support its development of a new type of nuclear power plant.

Coal Production

Global Coal Surplus Supply May Reach 17 Million Tons in 2020

The company has significantly lowered its forecast for global seaborne thermal coal surplus supply in 2020 to 17 million tons.

Oil & Gas Trade

US Firm Secures Oil Deal with US-Backed Forces in Syria

A U.S. company has reportedly reached a deal with Kurdish-led authorities in northeast Syria to develop and export crude oil in areas under their control in the…

Coal Mine

Peabody Energy Writes Down Value of World's Largest Coal Mine by $1.42 billion

Coal giant Peabody Energy is writing down the value of its huge North Antelope Rochelle Mine in Wyoming by $1.42 billion.

Power Construction

Hitachi ABB Power Grids Wins HVDC Order Linking Shetland Islands to the UK Grid

The link, which will connect Shetland to the UK transmission system and will enhance security of power supply and help transmit wind power generated on the isla…

China

Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand

Middle Eastern sour crude supply is expected to increase this month after OPEC+ members on July 15 agreed to pare back their production cut commitment.

Offshore Wind Power

UK Government Announces Plans to Quadruple Offshore Wind Power by 2030

The UK Government will conduct a review of current energy infrastructure at sea as it sets its sights on expanding offshore wind energy.