Technology, Energy · 7 days
117 storiesAMD CEO Lisa Su to visit Korea Oct. 7 for Gamer Day; AI chip talks expected
AMD chair and CEO Lisa Su will visit Korea on Oct. 7, about seven months after her March trip, to attend an “AMD Gamer Day” event at 2 p.m. at Dragon City in Yongsan-gu, Seoul, AMD said. Su and senior vice president Jack Huynh will attend, …
Gulf producers keep Hormuz ‘shuttle’ crude exports; volumes said to top pre-war levels
Gulf oil producers including Saudi Arabia are still exporting crude through the Strait of Hormuz via high-risk “shuttle” runs, loading very large crude carriers inside the strait and transferring the oil to ships waiting outside, according …
Samsung to launch Galaxy Tab S12 series and SmartTag3 in Korea on Oct 7
Samsung Electronics said it will launch the Galaxy Tab S12 series tablets and the Galaxy SmartTag3 tracking device in Korea on Oct 7. The tablets offer up to 23 hours of video playback, run large-screen Galaxy AI features and are the first …
G7 to release 100 million barrels of oil and diesel reserves over four months
The G7 said Friday it will release up to 100 million barrels of oil and diesel reserves over four months, with a substantial diesel portion front-loaded into the first 20 days and coordinated by the International Energy Agency. President Do…
Oil falls as Middle East crude exports recover and G7 releases reserves
Brent crude for December delivery fell 1.89% to $100.32 a barrel and US West Texas Intermediate for November fell 1.84% to $89.43 on October 5, Yonhap reported, as Middle East crude exports increased and G7 countries moved to release emerge…
Apple and LG co-develop smart home devices including doorbell, lock and thermostat
Bloomberg reports that Apple and LG have co-developed a line of smart home devices, including a video doorbell, thermostat, smart deadbolt lock, indoor and outdoor security cameras and a floodlight camera. The products are expected to carry…
Vitol CEO says Western countries have exhausted available oil stocks
Russell Hardy, CEO of Vitol, the world’s largest independent oil trader, said at the Energy Intelligence Forum in London that Western countries have exhausted the oil stocks available to them. He said the oil products market remains very de…
Google signs 20-year nuclear power deal with Constellation Energy
Google signed a 20-year power purchase agreement with Constellation Energy covering six nuclear plant sites, according to The Verge. Reuters described the agreement as a 3.6-GW power deal; The Verge said the companies expect 890 megawatts o…
Aramco CEO says oil system strained, inventory rebuild may take up to two years
Aramco chief executive Amin Nasser said the world oil supply system is already under pressure and that rebuilding depleted inventories could take up to two years, speaking in London on October 5. Nasser estimated that about 3 billion barrel…
Von der Leyen says EU to cut Russian gas imports to zero; target date disputed
European Commission President Ursula von der Leyen said the EU will bring Russian gas imports to zero, down from a 45% share before the conflict in Ukraine to 12% now. Vedomosti reported the goal as the end of this year, while Kommersant an…
Tankers struck again near Strait of Hormuz as Iran restates conditions for reopening
At least two vessels were struck over the weekend in waters near Oman and Iran, according to the UK Maritime Trade Operations Centre, which reported a crude oil tanker hit by an unknown projectile on Saturday and a second tanker struck in t…
US solar makers say tandem panels could narrow China's lead
Solar panel producers in the United States say they are close to perfecting tandem solar panels, which add second and third layers of material and could generate 25% more energy than most devices available today. Companies including Tandem …
President Lee Calls Farmland Solar an Opportunity, Urges Permit Support
President Lee Jae-myung told a cabinet meeting on Oct 6 that South Korea must move toward an “electricity state” with renewable energy, and solar in particular, at its core, and said converting farmland for solar projects could earn several…
MTS builds geopositioning network for Yandex autonomous transport on four highways
MTS has built a high-precision geopositioning infrastructure for managing Yandex’s autonomous transport, TASS and CNews reported, launched on the M-11 “Neva”, M4 “Don”, M-12 “Vostok” and Central Ring Road highways and in Moscow, St Petersbu…
Moldova–Romania power line to be named Trump Liberty Line with $130m US funding
A new 400 kV high-voltage power line between Moldova and Romania will be named the “Trump liberty line”, the US embassy in Moldova said. Washington is financing the $130m Strășeni–Gutinaș project on a grant basis, and a working group involv…
Novak urges stable fuel supplies, faster rules to meet Russian demand
Russian Deputy Prime Minister Alexander Novak, after a regular meeting on the petroleum products market, called on ministries and vertically integrated oil companies to keep ensuring stable fuel supplies to the domestic market. The governme…
Putin opens first battery cluster complex, urges localization in Russia
Russian President Vladimir Putin said at the opening of the first complex in a Moscow electric battery production cluster that Russia must increase battery output, improve technology and raise localization, including by developing mineral d…
Novak chairs fuel market meeting as officials report reserves, regional price measures
Deputy Prime Minister Alexander Novak chaired a meeting on the fuel market, where the Energy Ministry reported on accumulated fuel reserves and regional authorities presented measures to regulate fuel prices. Novak said there is no diesel s…
Google, Constellation sign 3.59GW power deal with 890MW of new nuclear
Google and US energy company Constellation signed a long-term strategic energy agreement totalling 3.59GW, of which 890MW is new nuclear capacity under a 20-year power purchase agreement, IT Home and cnBeta reported. The nuclear portion com…
Minister: Honam chip complex's 6.3GW power, 650,000t water can be supplied locally
Climate, Energy and Environment Minister Kim Sung-hwan told a National Assembly audit that the Honam semiconductor industrial complex's expected 6.3GW of electricity and 650,000 tonnes of water a day can be supplied from within the region. …