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Asia
Oil Price
2024-12-27
Oil Prices Ease as Markets Weigh China Stimulus Hopes
Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oil importer.Brent crude futures settled down 32 cents, or 0.43%, at $73.26 a barrel. U.S
Oil Price
2024-12-27
Azerbaijani Oil Price Once Again Exceeds $75
The price of Azerbaijani crude oil has once again surpassed $75 per barrel.A barrel of Azeri Light crude rose by $1.11, or 1.49%, reaching $75.37 on Wednesday.The lowest price ever recorded for Azeri Light was $15.81 per barrel on April 21, 2020, while it
Crude Oil
2024-12-27
RON97 Petrol Price Up By 3 Sen; RON95 And Diesel Unchanged
The retail price of RON97 petrol will increase by 3 sen to RM3.25 per litre, effective Dec 26, 2024, to Jan 1, 2025, according to the government.Meanwhile, RON95 petrol remains at RM2.05 per litre, with diesel prices unchanged at RM2.95 per litre in Penin
Oil Exploration
2024-12-27
Onshore Petroleum Auction Set to Be Held
Authorities are calling for bids for onshore petroleum exploration and production in nine areas in the Northeast and central region for the first time in 17 years to increase domestic petroleum supply.This Round 25 auction is expected to lead to long-term
Natural Gas
2024-12-27
KazMunayGas and CNOOC Joining Forces to Dig Deeper Into Geological Exploration
KazMunayGas and CNOOC are expanding their cooperation in geological exploration, discussing key aspects of bilateral collaboration, including the joint implementation of the "Zhylyoi" project, Trend reports.A meeting took place between Chairman
Offshore Wind Power
2024-12-27
Vietnam National Oil and Gas Group Seeks World Bank Support for Offshore Wind Power Development in Vietnam
Vietnam National Oil Imitation Group calls on the World Bank to provide support, including capital, to assist green energy projects, especially offshore wind power projects.On Tuesday (December 17th), the Chairman of Vietnam National Oil Imitation Group,
Electric Vehicles
2024-12-27
Andy Palmer Says “Hybrids Are a Road to Hell”
Who is Andy Palmer and why is he saying Hybrids are a road to hell? Admittedly, Palmer is not a household name, but he is well known in the auto industry. He went to work for Nissan in 2002 and rose quickly to become the chief operating officer and head o
Oil Shale
2024-12-29
Iran Pioneers Shale Oil Extraction Technology to Achieve Energy Independence
In a groundbreaking achievement, Iranian researchers have developed innovative technology to extract shale oil from reservoirs. This is reported by Mehr News Agency, a partner of TV BRICS.For the first time in Iran, the team successfully utilised toxic co
Ethanol
2024-12-28
ABEPL Launches Bamboo Sourcing and Processing for Ethanol Production in Assam
Assam Bio Ethanol Private Limited (ABEPL), a joint venture of Numaligarh Refinery Limited (NRL) and two Finnish firms, will source bamboo from 18 districts of Assam, including Sivasagar, in the first phase of its operations for production of fuel grade et
Wind Power Project
2024-12-29
Chinese Wind Power Projects Illuminate Uzbek Homes
In today’s world, green has become the defining color of the New Era in China, with green development emerging as a significant feature of Chinese modernization. Green development, which seeks to promote harmony between humanity and nature while
Crude Oil
2024-12-28
Oil Firms in Iraqi Kurdistan Demand Compensation of $24 Billion
Nine oil companies operating in the Kurdistan region of Iraq requested compensation of $24 billion because of the suspension of oil exports through Turkey.Economic expert Nabil Al-Marsoumi revealed on Monday that the Iraqi judiciary denied the Iraqi Minis
Offshore Wind Power
2024-12-27
Japanese Construction Firm Buys Trenching ROV for Local Offshore Wind Market
Japanese construction company Toyo Construction has purchased a trenching remotely operated vehicle (ROV) from underwater technology and services company SMD that will be deployed in the Japanese offshore wind sector.Source: SMDThe ROV will form part of T
Decarbonization
2024-12-27
MHI-Imabari JV Changes Name to Better Respond to Maritime Decarbonization
MI LNG Company, a joint venture company established by Japanese giants Mitsubishi Heavy Industries (MHI) and Imabari Shipbuilding, is to be renamed as the company has expanded its portfolio to include other vessel types beyond LNG carriers.Courtesy of MHI
Wind Power in China
2024-12-27
300 MW Offshore Wind Farm Expansion Project in Zhanjiang Enters Operation
A 300 MW expansion to the existing 600 MW Xuwen offshore wind farm in Zhanjiang, China, developed by State Power Investment Corporation (SPIC), has started commercial operation.The 600 MW Xuwen offshore wind farm was built in two phases consisting of a to
Electric Vehicles
2024-12-28
Nio Budget Brand Firefly Unveils First EV and It Looks Familiar
Nio wants Firefly to be a global brand selling cars in Europe and the Americas but not in the U.S. for now.Photo by: NioNio has just revealed the first electric vehicle that it wants to sell under its Firefly budget brand, a hatchback that will retail for
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Bangladesh Power Agency Tenders 120 MW of Solar
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Italy Allocates 1.72 GW in Rooftop PV Tender for Agricultural Firms
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South Korea Launches 1.25GW Offshore Wind Tender
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Montenegro Utility Launches 240 MWh Battery Storage Tender
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Green Genius to Invest over 100 mln Euros in Solar Energy in Poland
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Norway’s First Floating Wind Tender Attracts Two Bids