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Crude Oil

Mercuria Sees Opec+ Control Keeping Crude Around $70/bl

Crude prices are likely to stay at about $70/bl "for a while", as Opec+ will use some of its spare capacity and boost production if prices top $75/bl in order t…

Coal Trade

South Korean Coal Imports Drop in May

Competitive gas prices and coal-fired plant restrictions trimmed South Korean thermal coal imports on the year in May, although receipts from Australia are at a…

Hydrogen Project

Portugal's Galp Moves to Green Hydrogen at Refinery, Eyes $1.2 bln Investment

Portugal's Galp Energia plans to install a 100-megawatt electrolyzer to power its refinery in Sines with green hydrogen by 2025, a project which could be expand…

Energy Storage Battery

GIG and Capbal to Develop Battery Storage Portfolio in the UK

Macquarie’s Green Investment Group has acquired a portfolio of development-stage utility-scale, distribution-connected battery storage projects in the UK from …

Power Cable

Nexans Secures Cables Supply Contract for Viking Wind Farm

The Viking Wind Farm will become operational in 2024 and have a peak output of 443MW.

Solar Power Plant

CWP Global to Build First Utility-Scale Solar Power Plant in Serbia

Renewable energy company CWP Global will start building a 50 MW solar power plant near the southwestern Serbian town of Sjenica at the beginning of 2023, in a E…

Nuclear Power Plant

Russia Invites Argentine Officials to Visit Nuclear Power Plant Similar to the One Planned for South Atlantic

Russia's intentions to install nuclear power plants in Argentina took a new step Monday as the Rosatom agency invited Argentine officials over to visit its floa…

ITER

ITER Site Construction is Now 78 % Complete

​Welcome to ITER, the scientific experiment in southern France that aims to demonstrate that hydrogen fusion—the energy source of the Sun and stars—can be ha…

Coal Mine

Vietnam’s May Coal Imports Decline

Vietnam's coal imports nearly halved in May from a year earlier, as a steady rise in hydropower and renewable energy output pressured coal burn.

Oil & Gas Trade

ExxonMobil Exit Delay Threatens Baghdad’s Oil Future

Disagreements prompting the delay to ExxonMobil's exit from Iraq's West Qurna 1 field could have longer-term ramifications for Iraq's upstream oil and gas secto…

Crude Oil

Minnesota Court Affirms Approval of Line 3 Oil Pipeline

The Minnesota Court of Appeals on Monday affirmed state regulators' key approvals of Enbridge Energy’s Line 3 oil pipeline replacement project, in a dispute th…

Oil Pipeline

Merkel Says Discussed with Biden His Upcoming Meeting with Putin, Nord Stream 2

German Chancellor Angela Merkel said on Saturday that she discussed with US President Joe Biden at the G7 summit his forthcoming meeting with Russian President …

Energy Storage Battery

Amara Raja Batteries to Diversify Into New Energy Opportunities

It announced expansion of lead acid batteries business and establishment of a new energy strategic business unit encompassing lithium cell and battery pack, EV …

Offshore Wind Power

Oil Major BP Joins Consortium Seeking Wind Power off Norway

The consortium in which each partner will have a 33.3% stake plans to bid for offshore wind power projects in the Soerlige Nordsjoe II licensing area in the sou…

Electricity Transmission

$570 million Power Transmission Line to Link Four West African Countries

The governments of Nigeria, Togo, Burkina Faso and the Niger Republic have put together the final touches to the execution of a planned $570 million transmissio…