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Oil Price

Angola May Privatize State-Owned Oil Firm To Boost Production

OPEC member Angola was Africa’s top oil producer six years ago when oil prices crashed in 2015-2016, slashing oil-producing countries’ revenues and forcing in…

China Belt and Road

Belt and Road Initiative to Aid Regional Recovery: Brunei's Sultan

The Belt and Road Initiative would further complement the revitalization of economies, said Brunei's Sultan Haji Hassanal Bolkiah during a special speech via re…

Oil Price

US Oil Surges Above $64 on Anniversary of Sub-Zero Plunge

Prices have since added more than $100 per barrel, following production cuts by Opec+ as well as resumption of mobility

Carbon Emissions

IEA Releases Report on Global Carbon Dioxide Emissions

This would be the biggest annual rise in emissions since 2010, during the carbon-intensive recovery from the global financial crisis.

Wind Power Project

Hidrostank Deploys Innovative Solutions at Saudi Wind Farm

Hidrostank, a leading Spanish company supplying building materials for civil works, said it had recently delivered innovative modular pullboxes for the Dumat Al…

Energy Security

ROK Says to Join IAEA Monitoring Team for Fukushima Wastewater Release

South Korea will make sure to participate in an international monitoring team led by the UN nuclear watchdog for Japan's planned release of nuclear polluted wat…

Carbon Pricing

New Carbon Price Makes Energy Efficiency in the German Building Sector Even more Important

Heating oil will soon become more expensive for consumers in Germany due to the new Fuel Emissions Trading Act.

Solar Power Plant

448 Solar Farms Set up in South Khorasan in 4 Years

Alireza Pouzeshi, the director of the projects for renewable energy and reducing powers loses in the power distribution company of the province, put the capacit…

Energy Storage Battery

Li-Cycle to Build Its Third Battery Recycling Plant in N.America

The Canadian recycling company Li-Cycle is building another recycling plant for electric car batteries in Arizona. It is the company’s second facility in the U…

LNG Carrier

Hyundai Heavy Receives Order for Three LNG Carriers

South Korean shipbuilder Hyundai Heavy Industries has taken an order for three LNG carriers, with delivery scheduled by July 2024.

Oil&Gas Drilling

Chinese Semi-Sub Becomes the World’s First Rig to get DNV’s Smart Notation

A semi-submersible drilling rig from China Merchant Heavy Industry, SHEN LAN TAN SUO, has become the world’s first offshore unit to receive DNV’s Smart notati…

Energy Storage Project

Construction could Begin Soon on Lithium-ion Battery Plant in Fernley

In the past decade, the world’s lithium-ion battery production capacity has increased tenfold, according to the International Energy Agency.

Nuclear Power Plant

TEPCO Banned from Restarting Nuclear Plant over Safety Flaws

The Nuclear Regulation Authority formally issued the order not to transport nuclear fuel stored at the Kashiwazaki-Kariwa plant in Niigata Prefecture or loading…

Nuclear Power Plant

S. Korea Expresses 'Strong Regret' over Japan's Decision to Release Water from Fukushima

South Korea on Tuesday expressed strong regret over Japan's decision to release contaminated water into the sea from its wrecked Fukushima nuclear power plant.

Crude Oil

U.S. Oil Production Still 2 Million Bpd Under Pre-Pandemic Levels

The EIA might be forecasting that the Permian Basin’s oil production will be rebounding soon, but overall, today’s U.S. oil production is still 2 million barr…