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Electric Vehicles
Hyundai Unveils the New Elexio Electric SUV for China With 435 Miles Range
Hyundai introduced its ELEXIO electric SUV at a media-exclusive event in Shanghai, emphasizing its strategic focus on China’s electric vehicle market. Dev…
Spain
Port of Barcelona Taps Powercon for First OPS System for Cruise Vessels
The Port of Barcelona has awarded Danish equipment provider PowerCon a contract worth €12.2 million (approximately $13.8 million) to construct its first on…
Hydropower Plant
Statkraft Eyes a $380M Upgrade for Nore Hydro Plants
Statkraft, Europe’s leading renewable energy producer, has applied for a license to upgrade the Nore hydropower plants in Nore and Uvdal, Buskerud, Norway…
Metal
Fortuna Mining Explores Investments in Guinea for Gold Mining Opportunities
Fortuna Mining, a Canadian precious metals company, is pursuing new gold exploration opportunities in Guinea after exiting Burkina Faso due to regulatory challe…
Philippines
DP World and Asian Terminals’ $100M Investment Expands Manila South Harbor’s Capacity
DP World, a UAE-based logistics group, and Asian Terminals, a Philippine port operator, have invested approximately $100 million to expand the Manila South Harb…
Oil Price
Colombia’s Ecopetrol Plans Cost Cuts as Lower Oil Prices Bite
On Wednesday, Ecopetrol, Colombia’s state-owned oil company, announced plans to reduce costs and expenses by approximately 1 trillion pesos ($232 million)…
United States
Bayer to Exit US Seed Treatment Equipment Business, Email Says
Bayer, a German company specializing in pharmaceuticals and agricultural pesticides, has announced its decision to exit the seed treatment equipment business in…
Electric Vehicles
Pony.ai, Uber Announce Global Partnership to Deploy Robotaxis Starting in the Middle East
On May 6, 2025, Pony.ai, an autonomous driving technology company, and Uber announced a strategic partnership to integrate Pony.ai’s Robotaxi services and…
Offshore Wind Power
UK Commits to CFD Budget Reforms
The UK government has approved changes to enhance the flexibility of the Allocation Round 7 (AR7) Contracts for Difference (CfD) auction, shifting from fixed bu…
Crude Oil
Mexico’s Pemex Increased Crude Shipments to Cuba in 2024, Filing Shows
Mexican state oil company Pemex significantly increased its crude oil exports to Cuba in 2024, boosting shipments by nearly 20%, according to a company filing r…
Metal
US Advances Critical Mineral Strategy With Ten Additional Projects
The White House has added ten critical mineral production projects to the Fixing America’s Surface Transportation (FAST)-41 transparency initiative.A few …
Offshore Wind Power
ØRsted Divests Stake in 389 MW UK Offshore Wind Farm for GBP 456 Million
Ørsted has sold a 24.5% stake in the 389 MW West of Duddon Sands offshore wind farm, located in the Irish Sea, to funds managed by Schroders Greencoat. T…
Battery
EnBW Switches on Debut Wind Farm Battery
EnBW, a German energy company, has activated its first battery energy storage system at the Häusern wind farm in Germany, enabling more flexible electricit…
Metal
Zeotech, MSI Sign MOU for Kaolin and Bauxite Clay Products Sales
Zeotech, an emerging mineral processing technology company, has signed a non-binding memorandum of understanding with Jiangsu Mineral Sources International Trad…
Coal Production
House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands
On Tuesday, the House Natural Resources Committee will review proposed changes to U.S. oil and gas drilling programs as part of a budget reconciliation bill. Th…
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