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Crude Oil

Ring Energy Closes Acquisition of CBP Assets From Lime Rock

Ring Energy, Inc., a Texas-based company, has finalized its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources IV LP in the Permian Bas…

Solar project

MUFG and Nomura Provide $388M for Greenalia’s Solar Misae II in Texas

Mitsubishi UFJ Financial Group (MUFG) and Nomura Securities International have finalized a $388 million financing package for Greenalia’s Misae Solar Park…

Carbon Capture

Occidental’s 1PointFive Receives Permits to Sequester CO2 at Texas Facility

Occidental Petroleum’s unit, 1PointFive, announced on Monday, April 7, 2025, that the U.S. Environmental Protection Agency (EPA) has approved its applicat…

CCS

US EPA Approves Texas’ First CO2 Injection Well

The U.S. Environmental Protection Agency (EPA) granted Texas its first permit for carbon dioxide injection and storage on Monday, April 7, 2025. Occidental&rsqu…

Metal

Neo Performance, Globe Metals & Mining Sign MoU for Niobium Pentoxide Supply

Canada-based Neo Performance Materials has entered a non-binding memorandum of understanding (MOU) with Globe Metals & Mining for the purchase of up to 150 tonn…

Floating Offshore Wind

Celtic Sea Leasing Round 5 Enters Final Phase

The Crown Estate has completed the first stage of a two-part tender process to award three 1.5-gigawatt seabed plots in the Celtic Sea for floating wind develop…

Offshore Wind Power

First Hornsea 3 Offshore Converter Station Sets Sail

The first topside for one of Hornsea 3’s two offshore converter stations has departed Map Ta Phut, Thailand, heading to Europe. Constructed by Ørst…

Electric Vehicles

Tesla Shares Plunge Below Lutnick’s ‘Never This Cheap’ Level

Tesla Inc.’s stock continued its downward trend on Monday, April 7, 2025, falling below a level U.S. Commerce Secretary Howard Lutnick once claimed it wou…

Tidal Energy

Commerce Pulls Plug on Puget Sound Tidal Energy Project After Tribal Pushback

Washington’s Department of Commerce has canceled a $1.37 million conditional grant for a tidal energy project in Puget Sound after objections from several trib…

Nuclear Power Plant (NPP)

Fourth Steam Generator for New Kaiga Units Completed

Indian engineering firm Larsen & Toubro (L&T) has shipped the fourth of eight steam generators for units 5 and 6 at the Kaiga nuclear power plant in Karnataka S…

Battery

China’s Battery Storage Capacity Doubles in 2024

China’s electrochemical energy storage industry experienced significant growth in 2024, with installed capacity surging past previous records. A report fr…

Pumped Storage

Earba 1.8GW Pumped Storage Hydro Project Secures Approval

Gilkes Energy has received planning approval for its Earba Pumped Storage Hydro (PSH) scheme, set to become the UK’s largest project of its type. Boasting…

Geothermal Power Plant

Lahadalia Assigns PLN to Build 40MW Geothermal Power Plant in Maluku

Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, has directed PT PLN, the state-owned electricity company, to promptly build a 40-m…

Natural Gas

BP, Repsol Start Production at Cypre Gas Project in Trinidad

BP PLC announced on Monday that the Cypre field, located 78 kilometers off Trinidad and Tobago’s southeast coast, has begun production. Situated in the Ea…

Wind Farm

SSE Breaks Ground on First Italian Wind Farm

Construction has started on SSE Renewables’ inaugural onshore wind farm project in Italy, marking a significant step for the company in the region. The Pu…