Energy Update
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, and its oil refining affiliate Hyundai Oilbank signed an MOU with Korea Electric Power Corporation (KEPCO), the state-run utility, to jointly develop overseas pet-coke based power plant businesses.
LUKOIL was the first oil company in Russia to endorse, with the support of the European Bank for Reconstruction and Development, the “Zero Routine Flaring by 2030” initiative.
Husky Energy has awarded Wood Group a multi-million dollar contract to complete detailed engineering for the topsides of White Rose, a concrete gravity-based structure wellhead platform planned for offshore eastern Canada.
Comet Ridge Limited has announced that the Drilling Services Agreement, for the soon to commence Mahalo Block work programme in ATP 1191, has been awarded to TDC Drilling Pty Limited (TDC).
Concordia Maritime has signed a contract to charter out the P-MAX tanker Stena Paris.
Enterprise Products Partners has announced that the company is adding 300 million cubic feet per day (MMcf/d) of incremental capacity at its cryogenic natural gas processing facility currently under construction near Orla, Texas in Reeves County.
There’s another solar trade war brewing and if the US solar manufacturing companies that have brought it to the forefront are successful, it’s estimated that up to $.78 per watt could be added to solar panel costs in the United States.
Summit Ridge Energy, a new solar company led by former employees of bankrupt SunEdison Inc., obtained funding to build, finance and acquire solar power plants across the U.S.
The D.C. Circuit Court of Appeals upheld the Federal Energy Regulatory Commission (FERC) approval of controversial new rules for America’s largest power market. We are disappointed because these rules unnecessarily funnel money from electricity consumers to fossil and nuclear power plants while largely excluding competition from reliable, economical wind and solar power and demand response.
German utility EWE plans to build a battery in underground salt caverns in collaboration with Friedrich Schiller University. The project, called brine for power (b4p), will be based on redox flow battery technology, according to EWE.
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17 Feb 2026
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