GlobalData forecasts strong growth in the global high voltage direct current (HVDC) c converter station market from 2026 to 2031, driven by renewable energy expansion, government policies, and power infrastructure investments, with the Asia-Pacific region expected to dominate the market.
Baseload Capital and Furusato Netsuden have completed the 4.995MW Waita No. 2 Geothermal Power Plant in Kumamoto Prefecture, marking a significant step in advancing geothermal energy development in Japan.
hte and Kayser Technology (KTI) have entered into a collaboration agreement covering products marketed under KTI’s ACE Technology portfolio, a widely used platform for evaluating key aspects of the Fluid Catalytic Cracking (FCC) process.
GlobalData warns that disruptions in key Middle East shipping routes are tightening energy supplies and raising oil prices, with every sustained $10-per-barrel increase potentially reducing annual GDP growth in major energy-importing economies by 0.1–0.5 percentage points.
Fluor Corporation announced that its JGC Fluor BC LNG II joint venture (JFJV2), in partnership with JGC Corporation, has received a limited notice to proceed (LNTP) for the proposed Phase 2 expansion of the LNG Canada export facility in Kitimat, British Columbia.
The US Department of Energy’s (DOE) Office of Critical Minerals and Energy Innovation announced $134 million for two projects that will strengthen domestic supply chains for rare earth elements (REEs).
Malaysia is expected to surpass its 2040 National Energy Policy renewable energy target of 18.43GW by 2031, supported by large-scale solar projects, strong policies, financing access, and improved grid and storage capabilities, says GlobalData.
Oman's oil exports recorded an increase of 2.7 per cent by the end of April 2026, reaching 102,734,400 barrels, compared to 100,032,400 barrels by the end of April 2025.
Oman’s natural gas production, including both domestic production and imports, increased by 4.6 per cent, reaching 18,772,100,000 cubic meters by the end of April 2026.
OEG has acquired Hybrid Resource Management, an independent onshore and offshore wind workforce specialist operating across the UK and Europe, to strengthen technical services capability and expand its global presence in the O&M wind market.
