Industry News

ExxonMobil Uncovers Major Offshore Natural Gas Find Near Cyprus

ExxonMobil has announced the discovery of a substantial offshore natural gas reservoir in the Eastern Mediterranean, near the island nation of Cyprus.

OPEC+ to Boost Supply Even Faster with Larger August Hike

OPEC+ announced a significant acceleration in oil production for next month, signaling a decisive shift toward regaining global market share.

Rwanda to Strengthen ICT, Trade, and Aviation Ties with Nigeria, Says High Commissioner

Rwanda is set to strengthen its bilateral relationship with Nigeria through enhanced cooperation in trade, aviation, and Information and Communication Technology (ICT), according to Christophe Bazivamo, Rwanda’s High Commissioner to Nigeria.

Foxconn Reports Strong Year-on-Year Growth in June, Faces Currency Pressures

Hon Hai Precision Industry Co., Ltd., commonly known as Foxconn, posted a notable year-on-year revenue increase for June 2025, reflecting the company’s robust positioning in the global tech supply chain amid growing demand for artificial intelligence (AI) and cloud infrastructure.

HyperStrong and Repono Announce Strategic Partnership to Develop 1.4 GWh Grid-Scale Battery Energy Storage Projects Across Europe

HyperStrong, a leading China-based energy storage system (ESS) integrator and solution provider, entered into a strategic partnership agreement with Repono AB, a key European developer specializing in large-scale energy storage infrastructure.

AI-Powered Warfare: China’s Strategic Edge and Implications for India

Artificial Intelligence (AI) is rapidly redefining the future of military strategy and warfare, with nations investing heavily in emerging technologies to strengthen their defense capabilities.

Africa Doubles Hydropower Capacity Additions in 2024, Signaling Strong Growth Trajectory

Africa’s hydropower sector achieved a significant milestone in 2024, with more than 4.5 GW of new capacity added a substantial increase compared to the 2 GW commissioned in 2023, according to the International Hydropower Association (IHA).

United States Surpasses Russia as EU’s Second Largest Gas Supplier in Q1 2025

In the first quarter of 2025, the United States overtook Russia as the European Union’s second-largest supplier of natural gas, according to the latest report from the European Commission.

Reliance to Launch New RCPL Subsidiary to Consolidate its Consumer Brands

Reliance Industries Ltd (RIL) is set to consolidate its fast-moving consumer goods (FMCG) portfolio into a newly formed entity, New Reliance Consumer Products Ltd (New RCPL).

India's Crude Oil Demand to Rise 5.37% by 2030; Natural Gas Output Projected at 57.4 BCM

India's energy sector is poised for steady growth over the next few years, with crude oil demand projected to increase by 5.37% annually until 2030.

Huawei and TM Forum Launch Two Strategic Standard Reports at DTW 2025 to Accelerate AI-Centric Transformation in Telecom BSS Systems

At the Digital Transformation World (DTW) 2025 event, Huawei, in partnership with TM Forum, officially released two pivotal standard reports aimed at redefining the trajectory of Business Support Systems (BSS) and digital marketplaces in the telecom industry.

Mitac Holdings Ramps Up North American Server Manufacturing to Meet Explosive AI Infrastructure Demand

Mitac Holdings Corporation, a global leader in OEM/ODM server manufacturing, has announced a major expansion of its North American operations in response to unprecedented demand for AI-optimized server infrastructure.

China Hosts World's First Fully Autonomous Humanoid Robot Football Match: Tsinghua University’s Team Vulcan Claims Victory

In a historic moment for the future of robotics and artificial intelligence, China has hosted the world’s first fully autonomous humanoid robot football match.

Eni Opens First Biofuel Feedstock Facility in Congo-Brazzaville

Italian energy giant Eni SpA inaugurated its first vegetable oil extraction plant in the Republic of Congo, marking a significant step in the company’s efforts to boost feedstock supply for its biorefineries.

Equinor Hits New Discovery in Johan Castberg

Equinor ASA announced a new oil discovery in the Barents Sea, further enhancing the resource base of the recently operational Johan Castberg field.

China Begins Phase 2 of Deep-Sea Gas Project, Boosting Supply by 4.5 BCM

China has officially launched the second phase of a major deep-sea natural gas development project, significantly enhancing its energy production capacity.

Wolfspeed to File for Bankruptcy Amid USD6.5 Billion Debt Restructuring Deal

North Carolina, USA, Wolfspeed, a leading U.S. semiconductor manufacturer specializing in electric vehicle (EV) components, has announced plans to file for bankruptcy as part of a comprehensive financial restructuring deal aimed at reducing its nearly USD6.5 billion debt by more than 70%.

India’s Clean Energy Push Threatened by Chinese Price Dumping

India’s ambition to build a robust solar manufacturing ecosystem faces renewed pressure as imports of photovoltaic (PV) cells from China more than doubled in FY25, even as official curbs on imported modules took effect.

Toshiba Unveils Next-Generation SCiB Lithium-Ion Battery at Asia Sustainable Energy Week 2025

Toshiba Corporation has announced its active participation in the upcoming Asia Sustainable Energy Week 2025 (ASEW 2025), set to take place from July 2 to 4 at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, Thailand.

IRFC Adopts Strategic Shift Towards Ecosystem Financing and Project Refinancing

Indian Railway Finance Corporation (IRFC), the non-banking financial institution dedicated to financing the Indian Railways, is undertaking a significant strategic transformation.