Un

Oil Price

US Oil Prices Drop More Than $1 as Inventory Build Raises Oversupply Fear

U.S. crude futures dropped more than $1 in early trading on Thursday after unexpected data showed an increase in U.S. crude oil inventories, sparking concerns a…

LNG

Venture Global Urges FERC to Reaffirm Approval for Louisiana LNG Project

Venture Global, a U.S. liquefied natural gas (LNG) company, is seeking approval from the Federal Energy Regulatory Commission (FERC) to proceed with the constru…

United States

Umicore to Expand Catalyst Manufacturing Plant in Oklahoma

Umicore N.V., based in Brussels, Belgium, plans to enhance its production capacity for homogeneous catalysts at its facility in Catoosa, Oklahoma, USA. This exp…

United States

Verizon Helps Out With $5B Small Business Supplier Accelerator Program

Verizon has pledged $5 billion over the next five years to support U.S. small business suppliers through its newly launched Small Business Supplier Accelerator …

Battery

Eku Energy Secures £145M BESS Financing

Eku Energy has obtained £145 million in financing to support the development of grid-scale battery storage projects across the UK. The funding, provided b…

Solar Technology

Sundrive Signs China Pact to Scale up Copper PV Technology

Sydney-based SunDrive has entered a joint development agreement with Maxwell Technologies and Jiangsu Vistar Equipment Technology to develop and distribute comm…

Oil Field

Murphy Discovers More Oil in Cuu Long Basin Offshore Vietnam

Murphy Oil Corp. has announced a significant oil discovery in Block 15-1/05, located in the Cuu Long Basin offshore Vietnam. The exploration well Lac Da Hong-1X…

Electric Vehicles

CATL, Changan Mazda Sign MoU to Co-develop NEVs Based on Skateboard Chassis

CATL and Changan Mazda signed a memorandum of understanding (MoU) in Shanghai to collaborate on the development of new energy vehicles (NEVs) on May 13. The par…

Photovoltaic （PV）

Aypa Power Secures $535M for Hybrid Solar and Energy Storage Project in California

Aypa Power, part of the Blackstone portfolio, has obtained $535 million in debt financing for its Vidal solar-plus-storage project in San Bernardino County, Cal…

Metal

Auric Begins Mining at Munda Gold Mine Starter Pit in Australia

Auric Mining has started operations at the Munda gold mine starter pit near Widgiemooltha, Western Australia, with a groundbreaking event held on 10 May 2025. T…

Wind Farm

Ameresco’s Irish Subsidiary Secures Approval for Kilvinane Wind Farm Upgrade

Ameresco’s Irish subsidiary, Cork Sustainable Energy Limited (CSEL), has obtained approval from An Bord Pleanála to upgrade the Kilvinane Wind Farm…

Gas power plant

NRG Energy to Acquire LS Power’s Natural Gas Assets in $12BN Deal

NRG Energy has finalized an agreement to acquire LS Power Equity Advisors’ natural gas generation facilities and a commercial and industrial virtual power…

Hydrogen Project

Hystar Secures More Than $36 Million to Fast-Track Electrolyzer Deployment

Norwegian hydrogen technology company Hystar has secured over $36 million in a Series C funding round to expand the commercial production of its electrolyzers. …

CCS

‘First European-Built’ Offshore CO2 Carrier Set for Launch

Greensand Future announced that the first European-built offshore CO2 carrier for carbon capture and storage (CCS) will be launched at the Royal Niestern Sander…

Sweden

Sweden Inaugurates Its Second Onshore Power Facility for Cruise Vessels

Ports of Stockholm launched its second onshore power supply (OPS) facility for international cruise ships in Sweden on May 12, 2025. The facility was first used…