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Hydropower Plant
France’s Engie Lifts Guidance for 2024 on Hydropower Boost
French utility Engie (ENGIE.PA), opens new tab reported a 16% fall in first-half earnings on Friday with higher hydropower volumes and strong demand for its fle…
Tidal Energy
Proteus Marine Renewables Starts Assembling Upgraded Tidal Turbine in Japan (Gallery)
UK-based tidal energy company Proteus Marine Renewables (PMR) has started assembly works this week on the AR1100 tidal turbine in Japan.Source: Proteus Marine R…
Oil & Gas Trade
Shell Beats Forecasts With $6.3 Bln Second Quarter Profit
An exhibition booth of Shell is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. Picture taken May 23, 2022. REUTERS/Florence Tan/File …
Energy Storage Project
Chalk One up for Domestic Supply! 2.2 GWh Battery Agreement Reached
(Image courtesy: Fluence, a Siemens and AES company)Fluence Energy and Excelsior Energy Capital have reached a multi-year agreement to develop 2.2 GWh of batter…
Oil & Gas Trade
Viaro to Buy Shell, Exxon’s North Sea Assets
Independent British oil producer Viaro Energy said on Tuesday it would buy UK Southern North Sea assets owned by Shell (SHEL.L), opens new tab and Exxon Mobil (…
Offshore Wind Power
Tennet Extends Collaboration With Intertek for North Sea Offshore Wind Grid Connections
UK-headquartered Intertek has been re-appointed by the Dutch-German transmission system operator (TSO), TenneT, to provide long-term client representation servi…
LNG
Freeport LNG Returns to Full Production
Freeport LNG was on track to return to full production on Sunday, pulling over 2 billion cubic feet (bcf) of natural gas, LSEG data showed.Freeport is the Unite…
Carbon Emissions
China’s Cosco Shipping, Fortescue to Build Green Fuel Supply Chain
China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue (FMG.AX), opens new tab to jointly build a green fuel s…
Oil & Gas Trade
Iran’s Non-oil Exports Rise Over $1.3 BN in 4 Months: Spox
The spokesman of Iran House of Industry, Mine and Trade said that the country’s export of non-oil commodities increased $1.350 billion in the first four m…
Coal Trade
China Approves Use of Local Coal in Three Pakistani Power Plants
China has approved the conversion of three coal-fired power plants in Pakistan from using imported coal to local coal, a move designed to lower energy costs.Sou…
Oil & Gas Trade
Saudi Arabia’s Bahri Reports 15% Jump in Q2 Revenue on Year on Oil, Chemicals
The National Shipping Co. of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals shippin…
Electric Vehicles
Tesla and BYD Are Dominating the Global Electric Vehicle Market
Tesla's gross margin has been declining every quarter since Q1 2022, but it still maintains the largest BEV market share globally.BYD is hot on Tesla's …
Offshore Wind Power
27 GE Haliade-X Wind Turbines Installed at Dogger Bank A
More than a quarter of wind turbines at Dogger Bank A, the first phase of the UK’s 3.6 GW Dogger Bank Wind Farm, have been installed.So far, 27 of the 95 …
Oil & Gas Trade
Mexico’s Pemex Swings to $14 Bln Quarterly Loss on Lower Sales, Currency Losses
Mexico's state-owned oil company Pemex swung to a 256 billion peso ($14 billion) second-quarter net loss on Friday, red ink the energy giant chalked up to l…
Hydrogen Project
Germany Approves Import Strategy for Hydrogen and Its Derivatives
German Federal Cabinet has approved the import strategy for hydrogen and its derivatives, a component of the country’s hydrogen policy which complements the na…
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