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Oil Price
Oil Climbs on Drop in US Oil Stockpiles, Solid Demand Outlook
The drawdown came before the Colonial Pipeline was hit by a cyberattack last Friday which forced the pipeline, which transports more than 2.5 million barrels a …
Hydrogen Project
Port of Corpus Christi to Produce 'Green Hydrogen,' Hopes to Reduce Carbon Footprint
The Port of Corpus Christi is getting into the green hydrogen game.
Australia
World’s Biggest Coal Exporters Cry Foul Over Financing
Denied insurance, rebuffed loan applications and struggling to refinance: Australia’s coal export industry, the world’s largest, says it is being squeezed out…
Wind Power Project
Avangrid Expects the Approval of its Vineyard Wind Power Plant in 2023
Avangrid executives say they expect federal regulators to issue a final decision on the Vineyard Wind offshore wind plan in coming days, and to be sending energ…
Electricity Transmission
EGYPT-LIBYA: Towards Increasing Electricity Exchanges Between the Two Countries
The Egyptian government is considering increasing its electricity exports to neighbouring Libya.
Hydropower Plant
Additional Investment Announced for Kivalliq Hydro-Fibre Link Project, Canada
Additional investment of around $3 million has been approved to support the potential development of a hydroelectric and fibre-optic link that would connect com…
Electric Car
Bolt EV Nabs First Place in Imported EV Sales in April
The Bolt EV became the best-selling imported electric vehicle in April by selling 148 units.
Energy Investment
The OPEC Fund to Support Renewable Energy Projects in Nepal
The loan represents the OPEC Fund's first financial institution transaction in the country.
EV Market
BYD New-Energy Vehicle Sales Nearly Double in April
China's leading new-energy vehicle manufacturer BYD reported surging sales in April.
Oil & Gas Trade
Yemen Takes First Batch of Saudi Oil Products at Aden
The first shipment of Saudi oil products exported to Yemen as part of a grant agreed with the internationally recognized government there arrived at the Yemeni …
Natural Gas
China’s Natural Gas Imports Surge As Economy Recovers
Natural gas imports into China rose 22.4 percent on the year in the first four months of this year to 39.45 million metric tons.
United Arab Emirates
Dana Gas Year on Year Profits Leap 41pc in Q1
Abu Dhabi-listed Dana Gas reported net profits of $24mn in the first quarter of this year, up 41pc versus the corresponding quarter in 2020, as it boosted produ…
Carbon Neutral
Hitachi ABB Power Grids Supports Iberdrola’s Efforts Towards Carbon-Neutrality
Hitachi ABB Power Grids has been contracted to install Spain’s first eco-efficient EconiQTM high-voltage breakers as part of a substation refurbishment in the …
Siemens Energy Reports Moderate Drop in Q2 revenue
Siemens Energy has reported a decrease in revenue by 4.4%, down to €6.5bn, for the second quarter of 2021, compared to €6.78bn in the same quarter of last yea…
Electricity Trade
EGYPT: Cairo Wants to Export Its Renewable Energy to Iraq Via Jordan
The Egyptian government is studying the possibility of exporting some of its electricity to Iraq.
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