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Oil Price

Azerbaijani Oil Price Exceeds 76$

The price of Azeri Light (CIF) branded Azerbaijani oil has increased in world markets, APA-Economics reports.The price of Azerbaijani oil per barrel increased b…

Wind Turbine

Rosatom Opens Wind Blade Manufacturing Facility in Ulyanovsk

The first Russian plant for manufacturing composite wind turbine blades has begun operations at Rusatom Vetrolopasti JSC in Ulyanovsk, part of Rosatom’s C…

Crude Oil

Nigeria’s 2 Million Bpd Oil Production Target Under Threat

The Central Bank of Nigeria (CBN) has raised concerns about the ageing pipeline infrastructure and operational inefficiencies, identifying them as key factors r…

Wind Turbine

Vestas Wins 315 MW Offshore Wind Order in Japan

Vestas has received a 315 MW order for the Oga Katagami Akita Offshore Wind Project in Akita Prefecture, Japan. The project is being developed by Oga Katagami A…

China

Iron Ore Price Reverses to Losses as Weakening China Steel Consumption Drags

Iron ore futures prices fell on Thursday, reversing from earlier gains, with weakening downstream steel consumption dampening sentiment and investors hungry for…

Natural Gas

Oil Prices Rise on Crude Drawdown; Natural Gas Falls on Profit-Taking

It was a mixed bag for commodity prices during the final week of 2024. An unexpectedly large drawdown of 4.2 million barrels — according to the Energy Informat…

India

India Sets Six-Month Import Cap on Key Steelmaking Ingredient Met Coke

India will impose restrictions on the import of low-ash metallurgical coke, a key steelmaking ingredient, for six months starting January 1, 2025, a government …

Oil Pipeline

Turkey Considering Oil Pipeline to Syria: Minister

Turkey is considering a new oil pipeline to Syria that will also link to the Turkey-Iraq pipeline, the minister of energy and natural resources said on Friday.T…

Mongolia

Mongolia Reaches Deal for $1.6 Billion Uranium Mine With France’s Orano

Mongolia said on Friday it had reached a preliminary agreement with France’s Orano Mining Group to develop a long-anticipated uranium mining project worth…

Crude Oil

US Crude Oil Stocks Fall for Fifth Straight Week

US crude oil inventories decreased during the week ended Dec. 27, marking their fifth consecutive weekly decline.Data released today, Dec. 27, by the US Energy …

Floating Offshore Wind

Aker Solutions Awards ABB Contract for Major UK Floating Offshore Wind Project

Aker Solutions has awarded ABB a FEED contract for the 560 MW Green Volt floating offshore wind project in the UK, led by Vårgrønn and Flotation En…

Energy Investment

BHI Provides Brightnight With US$25 Million in Financing

BHI, the US Branch of Bank Hapoalim, B.M. and a full-service commercial bank, has announced that BHI and Bank Hapoalim are partnering on a loan which will provi…

Natural Gas

Petrobras Informs About New Law for the Oil and Gas Sector

Petrobras informs that the Brazilian government enacted Law 15,075/2024, dated December 26, 2024, which addresses the possibility of transfer of local content s…

Oil&Gas Drilling

ExxonMobil to Begin Drilling in Cyprus’ EEZ in January 2025

ExxonMobil’s drilling rig is set to begin operations in Cyprus’ Exclusive Economic Zone (EEZ) in mid-January 2025, according to Energy Minister Geor…

Floating Offshore Wind

Bilfinger Selection Adds Further Offshore Expertise to Floating Wind Consortium

Bilfinger, a leading industrial services provider, has been appointed by Cerulean Winds to join the alliance of companies developing the Aspen, Beech, and Cedar…