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Trade
Nuclear Power Plant
South Korea Increases Expected Contribution of Nuclear Power
Nuclear energy will account for 34.6% of South Korea's electricity generation by 2036, compared with 27.4% in 2021, according to the latest plan finalised b…
Coal Trade
Guangdong Ports Lift Restrictions on Australia Coals
The Guangdong port in south China has been the first among Chinese ports to lift restrictions on Australian coals today, according to a source at an internation…
Oil Price
Oil Prices Fall on Us Crude Build-up and Recession Fears
The New York Stock Exchange. An Oanda analyst says energy traders believe Opec+ will do whatever is needed to support prices. ReutersOil prices dropped on Wedne…
Nuclear Reactor
Japan, USA to Cooperate on Advanced Reactor Development
The two countries plan to work together on the development and construction of next-generation advanced reactors including small modular reactors, Japan's M…
Coal Trade
India’s Thermal Coal Imports up Nearly 15% In 2022 - Coalmint
FILE PHOTO: A worker shovels coal in a supply truck at a yard on the outskirts of Ahmedabad, India, October 25, 2018. REUTERS/Amit DaveIndia’s imports of …
OPEC
Again, Oil Production Falls Short of OPEC Quota by 0.57MBPD
Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly shor…
Oil Field
Petronas Awards Banang Oilfield Prize
Petra Energy secures extension for offshore assetPetronas has extended until August 2024 Malaysian contractor Petra Energy’s contract covering production,…
Electricity Trade
Drop In Wholesale Energy Prices Sees Price Cap Predictions Fall Below the Energy Price Guarantee for Second Half of 2023
The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bills for a typical household are predicted to be be…
Coal Trade
China Nears Lifting Over Two-Year-Old Unofficial Ban on Australian Coal Imports
China is close to lifting a more than two-year-old unofficial ban on Australian thermal and coking coal imports for its power and steel plants, as the country l…
Oil & Gas Trade
FPSO Gets More Time With Eni Off Nigeria
While firming up a deal for a further extension, BW Offshore has secured a short-term contract extension with Eni for one of its floating, production, storage a…
Oil & Gas Trade
Bintai Kinden Expands Further into O&G
Company's 51%-owned sub-subsidiary, Bintai Energy, awarded RM4.0 million subcontracts by Petro Flanges & Fittings and received licenses from Petronas to sup…
Coal Trade
Coal Ministry to Take Up Additional 19 First Mile Connectivity(FMC) Projects
To ensure efficient and environment-friendly coal evacuation, the government is working on the development of the National Coal Logistic Plan, including first m…
Coal Trade
CHINA’S COAL CONSUMPTION TO PEAK BY 2035
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant China Petroleum …
Crude Oil
Venezuela Loads Crude Under Eased Sanctions
Venezuela started loading 250,000 bl of Boscan heavy crude in Bajo Grande, Zulia state, this weekend for export to the US under eased sanctions that allow Chevr…
Oil & Gas Trade
What Will the New Year Bring to the Oil & Gas Industry?
The year, which is now behind us, was marked by a global energy crisis and price volatility, putting the energy trilemma into stark relief. However, 2023 is sti…
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