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Nuclear Fusion

Equinor Ventures Increases Investment in Fusion

Equinor Ventures, the venture capital arm of Equinor, is increasing its investment in Commonwealth Fusion Systems as part of the Series B funding round to raise…

Energy Security

Power Supply Crunch in 2022 Looms in the Philippines

Demand is rising, yet no new power supply is coming to the market.

Crude Oil

Opec+ Agrees to Continue January Oil Output Increase Amid Omicron Uncertainties

The producers' group, led by Saudi Arabia and Russia, will bring 400,000 barrels per day to the market next month as planned

Crude Oil

Acelen to Boost Runs at Newly Acquired Brazil Refinery

Abu Dhabi state-owned Acelen plans to step up crude throughput at its newly acquired 333,000 b/d Mataripe refinery in Brazil to meet growing demand in the count…

Crude Oil

Production Starts at Angola’s Clov 2 Oil Project

Crude production has started at the Clov 2 project in block 17 offshore Angola, the second new deepwater development to come on stream in the west African count…

Natural Gas

Australian LNG Exports Hit Record High in October

The record volumes and higher prices also accounted for record LNG export receipts for the month, according to the latest official data.

Natural Gas

Samsung Engineering Secures US$1.23bn Gas Development Project in Saudi Arabia

Samsung Engineering announced on Dec. 1 that it has signed a US$1.23 billion contract with Saudi Aramco for the Jafurah Gas Process Package #1 Project.

Hydrogen Project

Hyundai Motor Tops World Hydrogen Car Market

Hyundai Motor Co. has maintained its No. 1 position in the global hydrogen electric vehicle market this year.

Iberdrola to Increase Energy Prices from January 1

Iberdrola Ireland said it will increase its gas and electriciy prices from January 1, becoming the latest energy supplier to announce price hikes.

China

China's High-Quality Development Offers Multiple Opportunities: Italian Experts

China is already the world's top market in terms of purchasing power parity and is an 'essential' player for Italian companies

EU

EU unveils 300 billion Euro Answer to China's Belt and Road

The European Commission unveiled on Wednesday a plan to invest 300 billion euros globally by 2027 in infrastructure, digital and climate projects as a better al…

Nuclear Fuel

USA Relaunches Used Fuel Management Programme

The move represents a re-start of the federal programme after plans for a repository at Yucca Mountain were dropped in 2009.

Nuclear Decommissioning

France May Need to Postpone Reactor Closures, Says IEA

The French government will need to take important decisions to ensure the country gets on track to meet its 2050 net-zero emissions goal, particularly in terms …

Geothermal Power Plant

Geothermal-rich California could cover US lithium demand

The Salton Sea in the southern part of California can supply 600,000 tons of lithium per year, an amount exceeding the current annual consumption of this metal …

Wind Power Project

Bureau Veritas Approves HHI Floater

Hi-Float offshore wind foundation designed to support 10MW turbine