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Oil & Gas Trade
2024-05-15
India Oil Demand Driven by Consumers Rather Than Industry: Kemp
India’s oil consumption increased by 3.7 million tonnes (4.8%) in the first four months of 2024 compared with the same period in 2023, according to data from the government’s Petroleum Planning and Analysis Cell.Increased domestic cons
Electric Vehicles
2024-05-15
Biden Hikes US Tariffs on Chinese Imports
U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products.Following are reactions to the move.AMERICANS FOR FREE TRADE, A COALITION OF
Oil & Gas Trade
2024-05-14
Indonesia Offers Five Oil and Gas Blocks in First Auction for 2024
Indonesia has offered five onshore and offshore oil and gas blocks in its first tender for the year amid efforts to reverse an extended production decline.Indonesia used to be a net oil exporter but this has changed as natural depletion and insufficient n
Nuclear Power Plant (NPP)
2024-05-14
Ukraine's Energoatom, S. Korea's Hyundai Agree to Cooperate on Nuclear Energy
Ukrainian nuclear power company Energoatom and South Korea's Hyundai Engineering & Construction Co., Ltd. (HDEC) signed a memorandum of cooperation Monday on the design, construction and launch of new nuclear generating units in Ukraine, Ukrai
HVDC
2024-05-14
Japanese Start Building UK's First HVDC Cable Factory
Japan-headquartered Sumitomo Electric has kicked off the construction of its subsea cable factory in Scotland, set to supply critical elements for the reinforcement of the UK electricity transmission grid and for connecting renewable energy production fac
Oil & Gas Trade
2024-05-14
Slovakia Lays Plans to Receive Gas From Azerbaijan
Slovakia is laying the groundwork to receive gas from Azerbaijan through Ukraine, to further diversify its supplies away from Russia and revive earnings from transit to other countries, Prime Minister Robert Fico said on Monday.Fico said the drop in Russi
Renewable Energy
2024-05-14
IRENA Partners With Turkmenistan to Maximize Renewable Energy Pros
The International Renewable Energy Agency (IRENA) supports Turkmenistan in harnessing the benefits of renewables, a source in the IRENA told Trend."Under the Central Asia Regional initiative, we worked with government representatives on energy planni
Oil & Gas Trade
2024-05-14
Azerbaijan Boosts Gas Exports – Minister
Azerbaijan has increased gas exports by 2.7 percent in the first four months of 2024, as compared to the same period in 2023, the country’s energy minister Parviz Shahbazov wrote on X, Trend reports.In January-April 2024, 4.2 bcm of gas was expo
Nuclear Power Plant (NPP)
2024-05-14
Turbine Building Roof Installed at Akkuyu 2
The three-month process of installing the roof on the turbine building of the second unit at Turkey's Akkuyu nuclear power plant has been completed.One of the sections is lifted under clear night skies (Image: Akkuyu Nuclear JSC)The roof is formed
Nuclear Decommissioning
2024-05-14
KHNP Deploys Four-Legged Robot in Kori Decommissioning
Korea Hydro & Nuclear Power's (KHNP) radiation-measuring robot is being used for the first time in the dismantling and decontamination of the 576 MWe pressurised water reactor.(Image: KHNP)The four-legged autonomous robot is one of two special
Offshore Wind Power
2024-05-14
Cyan, Hyundai Asset Team up to Strengthen Supply Chain of South Korea's Offshore Wind Sector
Cyan Renewables has signed a Memorandum of Understanding (MoU) with Seoul-headquartered Hyundai Asset Management to facilitate the strategic investment in South Korea’s offshore wind supply chain.Source: Cyan Renewables via LinkedInUnder the MoU
Photovoltaic (PV)
2024-05-14
Mitsui Will Invest 193 Million Dollars in a Photovoltaic Park in Texas
Japanese trading giant Mitsui & Co. will invest around 30 billion yen ($193 million) over two years to build a photovoltaic park in Texas.The company announced this last week, explaining that it wanted to tap into the potential offered by a state that
Wind Farm
2024-05-14
ONYX Receives First Wind Power Contract in Indonesia
Following a successful field trial, the contract will see ONYX deliver its ecoCMS and fleetMONITOR technology to 30 wind turbines across UPC Renewables’ Sidrap wind farm, providing comprehensive data and analysis to enable long-term predictive m
Geothermal Power Plant
2024-05-14
Toshiba Improving Geothermal Power Plant Performance With AI and Iot
Patuha geothermal power plant, Bandung/ Indonesia (source: Toshiba)A feature article published on Toshiba Clip, the official publication of Japanese multinational electronics company Toshiba, how the company has utilized IoT and AI technologies to improve
Oil & Gas Trade
2024-05-14
India Signs Landmark 10-Year Agreement to Manage Strategic Iranian Port of Chabahar
India has signed a landmark 10-year agreement to manage the strategic Iranian port of Chabahar — a significant move that will help it crank up trade with Central Asia and ensure safe and secure transportation of crude oil from Iran while bypassing maritim
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