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Oil Field
ExxonMobil Announces Two New Oil Discoveries In Guyana
ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recovera…
Nuclear Power Plant
Japan's JAEA and Mitsubishi Heavy to Cooperate in U.S. Fast Reactor Project
The Japan Atomic Energy Agency and Mitsubishi Heavy Industries Ltd. will cooperate in a U.S. project to build a next-generation fast reactor, it has been learne…
Energy-Eficient Building
Bringing Energy-Efficient Building Technologies Closer To Commercialization
The U.S. Department of Energy is accelerating emerging technologies from lab to market through its Technology Commercialization Fund.
Electric Car
Korean Companies Account for 9 of 14 EV Battery Plant Projects in the U.S.
Korean companies are taking the lead in building more than half of the large battery production plants in the United States.
Natural Gas
EU Natural Gas Prices Tumble For Fifth Straight Day
20 tankers with U.S. LNG are traveling to Europe, and another 14 are headed in the same general direction awaiting further orders
United States
U.S. Natural Gas Rise As Colder Weather Rushes In
U.S. natural gas futures rose this week as colder weather with snow came into parts of the country.
Crude Oil
Japan To Sell Crude Oil From State Reserves In February
Japan plans to auction in February 629,000 barrels of crude oil from its national reserves as part of a U.S.-led global effort by oil-consuming nations to lower…
Crude Oil
U.S. Oil Rig Count Jumps Along With Crude Prices
The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh …
Crude Oil
Marathon to Receive Second Release from U.S. Strategic Petroleum Reserve
The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s eff…
Crude Oil
South Korea To Release 3 Million Barrels Of Oil Reserves In Early 2022
South Korea will release 3.17 million barrels of its oil reserves in the first quarter of 2022 as part of the U.S.-led global effort by major oil-consuming nati…
Hydrogen Project
KBR to Look into Green Hydrogen in Trinidad and Tobago
U.S. engineering company KBR has been awarded a study to help establish a green hydrogen market in Trinidad and Tobago financed by the Inter-American Developmen…
Crude Oil
Oil Prices Reach Four-Week High on Declining U.S. Crude Stocks
Oil settled at the highest level in nearly a month after U.S. crude stockpiles decreased and economic data pushed equities higher.
LNG
CNOOC To Take First LNG Cargo From U.S. Exporter
China National Offshore Oil Corporation, the largest Chinese importer of liquefied natural gas, has signed a deal with U.S. firm Venture Global LNG to buy LNG f…
Energy Storage System
Doosan Heavy Industries & Construction to Build ESS in Australia
Doosan Heavy Industries & Construction (DHIC) announced on Dec. 15 that it will build an energy storage system worth 110 billion won in Australia along with its…
Crude Oil
Oil Prices Rise On Record U.S. Oil Demand
The price of WTI crude rose nearly 2% on Thursday on EIA reports that U.S. implied petroleum products demand had risen to record heights.
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