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Energy Storage Battery

Rosatom Subsidiary Acquires 49% Stake in Korean Power Storage Company

RENERA LLC, Rosatom’s integrator company for the energy storage business has finalized the deal to acquire 49% share of Enertech International Inc, a South Kor…

Coal Trade

Australia Resumes Coal Shipments to China

Australian shipments of coal to China have resumed, after the port of Gladstone in Queensland sent a shipment bound for Hong Kong and with initial shipping data…

Crude Oil

Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs

Brent may trade as high as $80 a barrel in the second half of 2021, analysts say

Paris Climate Agreement

India on Track to Achieve Paris Agreement Targets Before 2030 Deadline, Modi Says

Opec+ decision to continue with output cuts will hurt consumers, according to India’s oil minister

Gas turbine engine

Decentralised INNIO Gas Engines Help Stabilise Europe’s Power Grid

In a recent announcement, INNIO Jenbacher revealed their part in preventing a blackout on the European grid on 8 January 2021.

Crude Oil

OPEC, Allies Agree to Keep Oil Output Steady into April

The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Thursday to largely continue current production levels into April.

Substation

Dutch Crew Starts HKN/HKW Onshore Substation Job

BAM Infra Nederland says that work on the transformer at Beverwijk will be completed in November 2023

Crude Oil

Oil Extends Gains on OPEC+ Supply Restraint, Expected Demand Recovery

U.S. West Texas Intermediate crude futures climbed 17 cents, or 0.3%, to $64.00 at 0128 GMT, holding below a 13-month high hit on Thursday.

Crude Oil

PetroSA Merger to Form South African National Petroleum Company

In South Africa, the portfolio committee on mineral resources and energy was recently briefed by the department of mineral resources and energy on the merger of…

Joe Biden

SK Innovation to Ask U.S. President Joe Biden to Overturn ITC's 10-year Import Ban

SK Innovation issued a statement following the ITC’s release of a Commission Opinion on its ruling about a month ago.

Carbon Neutral

FedEx Commits to Carbon-Neutral Operations by 2040

FedEx Corp., home of the world’s largest cargo airline, has set a goal to achieve carbon–neutral operations globally by 2040.

Electric Vehicle Charging

EV Startup Launches Battery-Replacement Charging Network

A California-based startup has revealed an EV charging network where drivers will only need to spend 10 minutes to get fully charged battery.

Crude Oil

Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd

Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, citing sources familiar with the matter.

Hydrogen Project

Hidroelectrica Eyes Hydrogen Project with Verbund

Romanian state-owned hydropower generator Hidroelectrica will seek approval from shareholders this month to sign an initial agreement with Austrian utility Verb…

LNG

Australia’s January LPG Exports Rise by 45pc on Year

Australia's January LPG exports of more than 244,000t rose by 44.7pc from a year earlier but were around 14pc below December shipments, with the year-on-year ri…