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Spain
Spain’s ‘Globally Important’ Green Steel Plant Gets €60M
Spain has allocated a €60 million grant from EU funds to develop a hydrogen-powered steel mill in Puertollano, Castile–La Mancha, approximately 100 k…
Offshore Wind Power
Luxcara Awards German Offshore Design Contracts
Hamburg-based Jörss - Blunck - Ordemann (JBO) has secured two offshore wind foundation design contracts from Luxcara for projects in the German Exclusive E…
China
Wan Hai Lines Seals $816M Deal for Methanol-Ready Boxship Quartet
Wan Hai Lines, a leading Taiwanese shipping company, has contracted two South Korean shipbuilders to construct four dual-fuel methanol-ready container vessels. …
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…
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
Chinese Airlines Transport 34% More International Passengers in Q1: Official
Chinese airlines carried 18.925 million international passengers in the first quarter, a 34% year-on-year increase and 4.5% above 2019 levels, the Civil Aviatio…
Uganda
MTN Uganda Upgrades Network
MTN Uganda has initiated a comprehensive network upgrade project, scheduled to run through July 2025, to enhance its voice, data, and mobile money services. Ann…
Electric Vehicles
Kia, Hyundai Mobis’s Q1 Sales Hit Record Amid EV Demand Surge but Margins and Tariffs Cloud Outlook
Kia reported its highest-ever first-quarter revenue of 28.02 trillion won ($19.6 billion) and an operating profit of 3.01 trillion won for January to March, ann…
South Korea
Seoul Plaza to Undergo First Major Renovation in 21 Years
The Seoul Metropolitan Government announced on Monday that Seoul Plaza, located in front of Seoul City Hall, will undergo its first major renovation since its o…
Nuclear Power Plant (NPP)
New Nuclear Power Projects Get Green Light
On Sunday, China’s State Council, chaired by Premier Li Qiang, approved several new nuclear power projects, including Phase III of the Sanmen Nuclear Powe…
Metal
Lynas Rare Earths’ Q3 Revenue Misses Estimates as Pricing, Volatility Weighs
Lynas Rare Earths, the largest producer of rare earths outside China, reported its third-quarter gross sales revenue on Monday, reaching A$123 million ($78.62 m…
Nuclear Power Plant (NPP)
Cooling Tower Work Begins at Leningrad 7
Construction of a ring foundation for an evaporative cooling tower has started at the site of unit 7 of the Leningrad Nuclear Power Plant (NPP), also referred t…
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