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Crude Oil

Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales

On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, l…

Oil Refinery

Spanish Oil Refineries Shut Down After Power Blackout

On Monday, a widespread power outage across Spain and Portugal forced several oil refineries to suspend operations, including both plants managed by Moeve, Spai…

Electricity Transmission

Loss of Power, Franco-Spanish Interconnection Failure Led to Grid Collapse

On Monday, a widespread blackout affected large parts of the Iberian Peninsula, primarily due to a significant and sudden reduction in electricity supply, accor…

Battery

AXA IM Alts Enters UK Battery Storage Market With Strategic Scottish Investment

AXA IM Alts, managing €186 billion in alternative investments, has acquired a 50% stake in Coalburn 1, a 500MW battery energy storage system (BESS) in Sout…

Offshore Wind Power

Vietnam Proposes Offshore Wind Power Price Cap

Vietnam Electricity (EVN) is developing a pricing framework for offshore wind projects to support the country’s renewable energy goals. The state utility …

Hydrogen Fuel Vehicle

DP World Tests Hydrogen Fuel Cell Crane at Vancouver Port

DP World is conducting a field trial at its Vancouver terminal to test a hydrogen-powered RTG crane, aiming to electrify its global fleet of 1,500 diesel-powere…

Oil & Gas Trade

Vitol Steps up Venezuela Oil Buying Before U.S. License Lapses

Vitol Group, the world’s largest independent oil trader, has increased its oil purchases from Venezuela in April, utilizing a U.S. license set to expire o…

Canada

Canada Maintains Strong Canola Exports

Canola exports from Canada are continuing at a strong pace, despite concerns about potential U.S. tariffs. In the first two weeks of April, Canada shipped 516,0…

Solar project

JUWI Secures 30.9 MW of Awards in German Solar Tender

German renewable energy developer JUWI GmbH has secured 30.9 MW of projects in a recent tender for ground-mounted photovoltaic (PV) systems in Germany. The comp…

Saudi Arabia

Nokia, TAWAL Demonstrate World’s First Multi-Tenant Open RAN Edge-Cloud Platform

Nokia and Saudi Arabia’s neutral-host provider TAWAL successfully conducted the world’s first live demonstration of a multi-tenant, shareable Open R…

Natural Gas

Ecopetrol Working to Ensure Continuation of Offshore Gas Projects in Carribean

Ecopetrol S.A. has launched a collaborative strategy to secure the future of gas projects in Colombia’s Southern Caribbean after Shell announced its withd…

Green Hydrogen

India Awards 450,000 MT of Green Hydrogen Projects in Q1

In the first quarter of 2025, Indian authorities allocated green hydrogen projects totaling 450,000 metric tonnes per annum (MTPA) to nine companies under the S…

Poland

European Import Restrictions Promise a Catastrophe for Poland’s Poultry Industry

The European Commission is evaluating restrictions on poultry exports from Polish regions affected by bird flu outbreaks, with potential measures set to begin o…

Solar project

Aspen Power Inaugurates 42.5 MW of Solar Parks in Pennsylvania

Aspen Power, a U.S. distributed generation platform, celebrated the completion of 10 solar parks in Mercer County, Pennsylvania, with a combined capacity of 42.…

Coal Mine

Khanye Colliery Becomes South Africa’s First Bettercoal Producer

Canyon Coal’s Khanye Colliery, located in Bronkhorstspruit, Gauteng, South Africa, will implement a four-year Continuous Improvement Plan (CIP) under the …