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Oil & Gas Trade

Exxon Mobil Reportedly Nearing $60B Megadeal to Buy Pioneer Natural Resources

Exxon Mobil Corp. is reportedly on the brink of securing a purchase deal with Pioneer Natural Resources Co. an acquisition that could be worth approximately $60…

Electric Vehicles

VW ID.4 Sales See a Record Quarter, but Giddyup Already

Sales of Chattanooga, Tennessee-built VW ID.4s rose more than 60% in Q3 year-over-year – but it’s nowhere near its 2023 target.Volkswagen of America…

Hydropower Plant

Researchers Develop Model to Schedule and Manage Pumped Hydro Storage

(photo courtesy Genex Power)With pumped hydro energy storage gaining value over the coming years as a means to integrate renewables into electricity production …

LNG

Trafigura Inks $400 Million Credit Facilities to Buy US LNG for European Customers

Commodities trading group Trafigura has entered into two revolving credit facilities for a total combined amount of $400 million, with insurance from the Export…

Dam

Iraq Plans to Build New Dams in 2024 to Tackle Drought and Water Scarcity

Iraq's Ministry of Water Resources has unveiled an ambitious plan to start construction of 36 new dams across the country in 2024, with the aim of mitigatin…

Solar project

Dominion Proposes 800 MW of New Solar in Virginia

Dominion Energy Virginia’s Puller Solar facility in Middlesex County, Virginia. (Courtesy: Dominion Energy)Dominion Energy has proposed more than a dozen …

Solar project

30MWP Bracks Solar Farm Commences Operations

Railpen purchased the solar farm in early 2023. Image: Railpen.Renewable energy firm BayWa r.e. and Railpen have confirmed that the 30MWp Bracks Solar Farm in C…

Energy Storage Project

US Grid-Scale Energy Storage Installations Reach New Record in Q2 2023, Report Says

Powin's 50 MW/66.2 MWh battery storage project in Texas. (Courtesy: Powin)Across all segments of the industry, the U.S. energy storage market added 5,597 MW…

Offshore Wind Power

OX2 Sells 115 MW Wind Farm åNglarna in Sweden for 2.7 Billion Sek

OX2 has sold the 115 MW wind farm Ånglarna in Sweden to a European utility for 2.7 billion SEK*. The sale will be recorded in the third quarter.The Å…

Hydrogen Production

Nel Chooses Michigan for $400M Hydrogen Gigafactory

Norwegian hydrogen company Nel Hydrogen has chosen Plymouth Charter Township, Michigan, as the location for its new automated gigafactory.This cutting-edge faci…

Oil & Gas Trade

Norway's Equinor Signs 5-Year Gas Supply Deal With Austria's OMV

Equinor's logo is seen next to the company's headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo Acquire Licensing Right…

Coal Production

Chinese Demand Drives Deals at World's Largest Coal Conference

Workers operate loaders unloading imported coal at a port in Lianyungang, Jiangsu province, China December 5, 2019. REUTERS/Stringer/File Photo Acquire Licensin…

Wave Energy

Ørsted to Use Rutter's Wave Prediction Tech on CTVs

Ørsted has forged a partnership with Canada-headquartered Rutter to deploy the company’s wave prediction technology on selected crew transfer vesse…

Microgrid

US Grid-Scale Energy Storage Installations Hit New Quarterly Record - Report

The U.S. grid-scale energy storage installations hit a new record in the second quarter of 2023, a report by Wood Mackenzie and the American Clean Power Associa…

Oil & Gas Trade

Nigeria's NNPC, Oil Majors Agree to Shorten Talks on Contracts

The new logo of the privatised Nigeria oil company is seen at the NNPC Mega Gas Station in Abuja, Nigeria August 30, 2022. REUTERS/Afolabi Sotunde/File Photo Ac…