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GE Renewable Energy and Toshiba Energy Systems and Solutions have signed a strategic partnership to localize critical phases of the manufacturing process of GE’s Haliade-X offshore wind turbine and to support its commercialization. Based on the long-lasting relationship between GE and Toshiba in Japan and beyond, this strategic agreement will …

The Minister of Industry, Mine and Trade said that Iran’s export of non-oil commodities registered an eighty percent hike in the first two months of the current Iranian calendar year (from March 21 to May 20). Speaking in a get-together meeting of programs on promoting export in the country on …

Tokyo Electric Power Company Holdings Inc. and the government are considering a plan to release treated radioactive water from the crippled Fukushima No. 1 nuclear power plant into the sea about 1 kilometer from the coast, informed sources said Tuesday. The plan calls for a pipeline to be set up …

The Middle East saw a 5% increase in its renewable energy capacity last year, which stood at 24,224 megawatts (MW). Despite the growth, there was a slowdown in the results compared to previous years due to the COVID-19 pandemic affecting ongoing projects, according to information published in the Saudi Arabian …

OPEC left its global oil demand forecast for 2021 unchanged in its monthly outlook report, due to an economic rebound in the second half of the year but the bloc sees energy consumption in India, the world’s third-biggest consumer of oil, collapsing because of the surge in Covid-19 infections. The …

Oil giant ExxonMobil has received an offer for its share of the West Qurna 1 oilfield in Basra, by Iraq, according to reports by Reuters. The head of the state-run oil operating company said on Monday that a formal offer, priced at $350 million, to buy the share had been …

Foreign Policy Commission Spokesman Abolfazl Amouei said that the extension of the agreement between Iran and the IAEA must gain approval of Iranian governing bodies. “According to Strategic Action Plan to Counter Sanctions, the agreement between Iran and the International Atomic Energy Agency to lift sanctions is subject to a …

The Organisation of the Petroleum Exporting Countries (OPEC) says its compliance with the OPEC+ oil production cuts deal totalled 122 per cent in April, as production averaged 25.08 million barrels per day. In March, OPEC’s compliance with the production cuts deal was 124 per cent, at 25.04 million barrels per …

Shell Offshore, a subsidiary of supermajor Shell, has made a ‘significant’ oil discovery in the deepwater region of the U.S. Gulf of Mexico. Shell said on Tuesday that it made a discovery of more than 600 feet (183 meters) net oil pay at multiple levels at the Leopard prospect. The …

At least two of China’s smaller liquefied natural gas (LNG) importers have been told to avoid buying new cargoes from Australia, a further example of the impact on trade from souring ties between the two countries. The firms have received verbal orders from government officials to avoid purchasing additional LNG …