China’s first hydrogen-powered locomotive converted from an internal combustion engine rolled off the production line in Datong City, Shanxi Province on Thursday. China Railway Rolling Stock Corp. (CRRC), the country’s largest railway vehicle and equipment manufacturer, said the locomotive, Ningdong, is the world’s most powerful hydrogen-powered locomotive by far. CRRC …
Read More »Norway Sends 240 Tonnes of Equipment to Ukraine to Restore Energy Sector
Norway has handed over more than 240 tonnes of humanitarian aid to the Ukrainian energy sector. Ukraine’s Deputy Minister of Energy Yaroslav Demchenkov stated this at a meeting with representatives of the Norwegian Embassy in Ukraine, Ukrinform reports, referring to the ministry’s press service. It is noted that Demchenkov told …
Read More »Russia Says Repelled Drones Targeting Oil Refinery
Russia on Saturday said it had destroyed three drones targeting an oil refinery in the southern border region of Bryansk, as Ukraine pursues its counteroffensive against Russian forces. “Russian air defense systems repelled an overnight attack by the Ukrainian armed forces on the ‘Druzhba’ oil refinery in the district of …
Read More »Iran’s Oil Exports Hit Highest Record in 5 Years despite US Sanctions
Iran’s crude exports and oil output in 2023 have hit new highs despite US sanctions, according to consultants, shipping data and a source familiar with the matter, according to a report by Reuters. The Friday report by the Reuters news agency said Iranian crude shipments continued to rise in 2023 …
Read More »The U.S. becomes the World’s Second-Largest EV Market after China
Tax credits led to a surge in U.S. electric vehicle sales in the first quarter of 2023, making the United States the world’s second-largest EV market after China, Counterpoint Technology Market Research said in new research. U.S. passenger electric vehicle (EV) sales jumped by over 79% year-on-year in Q1 2023, …
Read More »Rosneft’s Sechin: Russia Losing out to OPEC+ due to Different Exports Structure
Igor Sechin, head of the Russian energy giant Rosneft, said on Saturday that Russia is losing out to OPEC+ countries due to a smaller share of its oil exports in production. Sechin, a long-standing ally of President Vladimir Putin, has said that the oil output boom in the United States, …
Read More »China’s First Smart Floating Production, Storage and Offloading Vessel Delivered
China’s first smart floating production, storage and offloading (FPSO) vessel was delivered in Nantong, East China’s Jiangsu Province on Friday, marking a milestone in the digital transformation and intelligent development of the energy sector in China, according to the vessel’s operator CNOOC Energy Technology & Services Ltd. The FPSO vessel …
Read More »Iraqi, Turkish Officials to Discuss Oil Exports Resumption from Northern Iraq
The Undersecretary of the Iraqi Oil Minister, Basim Mohammed Khudair, stated on Thursday that a Turkish delegation will meet with Iraqi officials in the oil sector in Baghdad on June 19 to discuss the resumption of oil exports from northern Iraq. Khudair elaborated that the two parties agree that it …
Read More »Russia Pays Sakhalin Dividends in Yuan
Russia has reportedly paid dividends from the Sakhalin 1 and 2 oil projects in Chinese yuan, a shift from its usual practice of paying in dollars, thanks to western sanctions on Russia. The decision to pay in Chinese currency instead of the traditional U.S. dollar comes after Russia was cut …
Read More »New Iraqi Budget Law Strengthens Baghdad’s Hand over Kurdistan Region’s Oil Sector
Already reeling from the months-long suspension of its crude exports, Iraq’s semiautonomous Kurdistan region may see its lifeblood oil sector further hemmed in with the passage of the federal budget. The budget, passed June 12 following four days of late-night voting and intense debates within Iraq’s parliament — including on …
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