At a conference in Pohang, industry group Battery Norway pitched Korean companies, including LG Energy Solution Ltd., Ecopro Materials Co. and Posco Future M Co. on why they should cooperate.

The project would help Exxon mitigate losses from the expected reduction in gasoline and diesel demand over the coming decades.

The U.S. Treasury recently imposed its first sanctions on companies accused of violating an oil price cap.

The Deputy Prime Minister said the country will continue its voluntary cut of 300,000 barrels per day of crude oil and petroleum products until the end of December 2023.

The companies said that the feature will accelerate the decarbonization of air freight by allowing customers to purchase certificates that can be applied as direct reductions against Scope 3 emissions.

A report from the NERC and FERC recommended lawmakers complete cold weather reliability standard revisions enacted during Winter Strom Uri in 2021.

San Francisco Bay Area-based KoBold’s entry into Congo would align with the priorities of U.S. President Joe Biden’s administration.

The glut of vessels racing to the U.S. Gulf even includes ships heading to the region on a speculative basis without any cargo booking, an industry practice known as ballasting.

IBM, a pioneer in the development of artificial intelligence, deploys the ground-breaking technology to make real-time predictions about the status and shipment of sales orders. 

The company anticipates producing electricity at the Coastal Virginia wind farm for $77 a megawatt hour, down from earlier forecasts of between $80 and $90.