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India
Petroleum Import Declines, Worth Rs. 101BN Imported in Five Months of FY 2024/25
The import of petroleum products has decreased during the first five months of the current fiscal year 2024/25.According to latest trade statistics of the Depar…
Natural Gas
Eni Fires up Africa Oil and Gas FPSO Project
Eni on Saturday successfully started production of Phase 2 at its Baleine field offshore Ivory Coast, which will boost production at the asset to 60,000 barrels…
China
China Smelter Group Agrees to Lower Q1 Copper Charges
China’s top copper smelters agreed to price guidance for processing charges in the first quarter of 2025 that was lower than this quarter’s guidance…
China
China’s November Net Gold Imports via Hong Kong Hit Seven-Month High
China’s net gold imports via Hong Kong in November more than doubled from October, marking the highest level in seven months, Hong Kong Census and Statistics D…
Wind Power Project
Natural Power Supports Acquisition of French Onshore Wind Portfolio
Natural Power, has supported the purchase of the Rupella portfolio, one of France’s largest operational onshore wind projects coming to the market in the …
Energy Investment
Toyo Invests In Japan’s Offshore Renewable Sector
Toyo Construction has invested in Japan’s emerging offshore wind sector by purchasing a market-leading trenching ROV from underwater technology and servic…
Wind Power Project
Vestas Announces Three New Orders Totalling 198 MW
Vestas has announced three new orders as part of the Q4 order intake. In Germany, the orders include an 86 MW project from Oberhessische Versorgungsbetriebe, Ma…
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…
Green Hydrogen
Paraguay – Dutch Company Plans to Invest More than USD 100 Million in Green Hydrogen
ADA Green Hydrogen Holdings BV plans to invest more than USD 100 million in the construction of a green hydrogen and ammonia production plant in Villa Hayes. Th…
Energy Storage Project
Excelsior to Source U.S.-Made Energy Storage From LG Energy Solution Vertech
A new multiyear agreement will provide 7.5 GWh of fully-integrated lithium-ion energy storage, expected to qualify for the domestic content bonus.A new partners…
China
Iron Ore Rises on Pre-holiday Restocking, China Stimulus Hopes
Iron ore futures prices gained for a second straight session on Tuesday, supported by pre-holiday restocking by steelmakers in top consumer China and revived ho…
Oil Price
Oil Prices Ease as Markets Weigh China Stimulus Hopes
Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oi…
Natural Gas
US Natgas Prices Hit 23-Month High on Increased LNG Feedgas, Heating Demand
US natural gas futures hit a 23-month high on Tuesday in thin pre-holiday trading, supported by an increase in the amount of gas flowing to liquefied natural ga…
Oil Shale
Iran Pioneers Shale Oil Extraction Technology to Achieve Energy Independence
In a groundbreaking achievement, Iranian researchers have developed innovative technology to extract shale oil from reservoirs. This is reported by Mehr News Ag…
Decarbonization
MHI-Imabari JV Changes Name to Better Respond to Maritime Decarbonization
MI LNG Company, a joint venture company established by Japanese giants Mitsubishi Heavy Industries (MHI) and Imabari Shipbuilding, is to be renamed as the compa…
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