MODEC wins contract for FPSO of ExxonMobil’s Uaru oil project

ExxonMobil’s Uaru development is targeting approximately 1.319 billion barrels of oil. MODEC has won a contract to undertake engineering and design for a floating production,…

MidOcean to acquire Tokyo Gas’ stakes in Australian gas projects for $2.1 billion

MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, has agreed to acquire the stakes of Tokyo Gas in four integrated…

Spot Australian thermal coal has surged

The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for…

Asia goes nuclear

Japan has begun restarting nuclear plants that have been idle since the 2011 Fukushima disaster, with Prime Minister Fumio Kishida pledging to get at least…

Japan Swelters Through a Punishing Heat Wave

Japan is enduring one of its worst heat waves on record, raising concern about potential power shortages amid surging demand, even as officials urged people…

The great climate backslide: How governments are regressing worldwide

From the U.S. to China, in Europe, India and Japan, fossil fuels are staging a comeback, clean energy stocks are taking a hammering, and the…