Coal will temporarily become the main source of electricity in the Midwest markets MISO and SPP during winter, according to the latest federal forecasts.
The 600MW submarine interconnection between Tunisia and Italy enters its construction phase, marking a logistical and financial milestone for the Euro-Mediterranean electricity market.

TotalEnergies sells Norwegian oil assets to VÃ¥r Energi to reduce debt

TotalEnergies has reached a deal to sell mature offshore oil fields in the North Sea to VÃ¥r Energi as part of a $3.5bn divestment plan aimed at easing its rising debt.
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Iberdrola strengthens its partnership with Norges Bank Investment Management by adding two Spanish photovoltaic plants, raising joint operational capacity to 900 MW.
Statkraft continues its strategic shift by selling its district heating unit to Patrizia SE and Nordic Infrastructure AG for NOK3.6bn ($331mn). The deal will free up capital for hydropower, wind, solar and battery investments.

Russia extends ban on gasoline and diesel exports until 2025

The Russian government has extended the ban on gasoline and diesel exports, including fuels traded on the exchange, to preserve domestic market stability through the end of next year.
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OPEC has formally rejected media reports suggesting that eight OPEC+ countries plan a coordinated oil production increase ahead of their scheduled meeting on October 5.
Ukrenergo plans to raise electricity transmission tariffs by 20% in 2026 to cover technical costs and obligations tied to international loans.

Medvedev announces the rise of public investment in nuclear and AI

The Vice-Chairman of Russia’s Security Council believes more countries will develop nuclear weapons and generative AI technologies as a result of increasing public sector efforts.
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Russia’s liquefied natural gas output will increase steadily through 2027 under the national energy development plan, despite a 6% drop recorded in the first eight months of 2024.
QatarEnergy has signed a long-term contract with Messer to supply 100 million cubic feet of helium per year, strengthening Doha’s position as a key player in this strategic market.

DRC caps cobalt exports at 96,600 tonnes until 2027

Kinshasa replaces export ban with a quota system covering just half of its output, triggering a price surge and global supply tensions.
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US-based fund KKR has acquired a minority interest in the gas pipeline assets of Abu Dhabi oil operator ADNOC, continuing its strategy to expand energy infrastructure investments in the Middle East.
Producer Red Rocket has finalised financing for a 331 MWp solar park in Mpumalanga, backed by a 20-year power purchase agreement with Discovery Green.

Petronas Gas separates regulated and non-regulated activities in major reorganisation

Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.
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India holds a surplus of ethanol that could support SAF production, but unclear sugarcane feedstock rules limit commercial development.
The ASEAN Power Grid enters a strategic phase with renewed support from regional and international institutions to structure electricity trade among member states and secure the necessary investments.

Marubeni creates power trading joint venture with SmartestEnergy in Japan

Marubeni Corporation has formed a power trading unit in joint venture with UK-based SmartestEnergy, targeting expansion in Japan’s fast-changing deregulated market.
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Neoen begins construction of its first six-hour discharge battery in Western Australia and commissions the second phase of Collie, surpassing 3 GWh of storage capacity in the State.
The two regional utilities join a JERA-led consortium to support the operation of the Ishikari Bay offshore wind farm, which entered service in early 2024.
TotalEnergies has set 2029 as the restart date for its Mozambique LNG project, frozen since 2021, delaying the exploitation of a strategic investment worth more than $20bn in liquefied natural gas.
The French Energy Regulatory Commission set the full nuclear cost at €60.3/MWh by 2026, outlining the taxation thresholds applicable under the market reform scheduled for 2026.

Jolt launches advanced electrode plant at SPARK with Saudi government support

Jolt Green Chemical Industries appoints Dyar Al-Safwah to engineer a high-performance electrode facility at King Salman Energy Park, backed by the Ministry of Energy.
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GreenYellow will develop a 1.5 MWp photovoltaic plant in Mauritius for Volailles et Traditions, with an expected annual output of 2.45 GWh fed into the national power grid.
The establishment of a dedicated entity marks a new phase for the Nigeria-Morocco pipeline, with tenders and the final investment decision expected by the end of 2025.

Osaka Gas and Daiwa acquire 25MW solar plant from Kyocera

Osaka Gas and Daiwa Energy & Infrastructure have formed a partnership to expand their renewable energy business with the acquisition of a 25MW solar power plant in Kyoto, formerly owned by Kyocera TCL Solar.
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Kansai Electric Power plans to shut down two heavy fuel oil units at Gobo Thermal Power Station, totalling 1.2GW of capacity, as part of a production portfolio reorganisation.
Renova and its partners have launched commercial operations at the Karatsu biomass power plant, converted to the FIP scheme to secure a long-term power purchase agreement.

Transgrid to mobilise up to 5 GW of batteries to stabilise New South Wales grid

Transgrid plans to contract up to 5 GW of grid-forming batteries to strengthen the stability of New South Wales’ electricity network during the energy transition.
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Occidental Petroleum is considering selling its chemical subsidiary OxyChem for $10bn, a transaction that forms part of its deleveraging strategy launched after several major acquisitions.
The European ban on Russian liquefied natural gas from 2027 is pushing Siberian producers to reorient their flows to Asia, despite logistical and regulatory constraints.

US energy storage hits record 5.6 GW in the second quarter

The US energy storage market set a quarterly record with 5.6 GW installed, driven by utility-scale projects despite ongoing regulatory uncertainty.
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Global South Utilities, filiale de Resources Investment LTD, inaugure à N’Djamena la centrale Noor Chad de 50 MW avec 5 MWh de stockage, dimensionnée pour alimenter des centaines de milliers de foyers et exploitée directement par l’entreprise.
Nine African countries will receive €545mn ($638mn) in European Union funding to support rural electrification and strengthen regional renewable energy infrastructure.

ABO Energy considers operating its own wind and solar parks

ABO Energy is assessing a shift to independent power production by operating its own renewable parks, signalling a major strategic move in a market that has become more favourable.
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The Ministry of Energy will initiate talks with developers of small nuclear reactors after signing a cooperation agreement with the United States to conduct preliminary studies on their deployment.
Envision Energy has published an environmental product declaration for two of its turbines, a milestone certified to ISO standards aimed at strengthening its position in international wind markets.

Caturus Energy deploys the most powerful onshore rig in the United States with Nabors

Caturus Energy has signed a multi-year contract with Nabors Industries to deploy a next-generation onshore rig, aimed at supporting the expansion of its gas output in the Eagle Ford and Austin Chalk formations in Texas.
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Canada’s Questerre partners with Nimofast to develop PX Energy in Brazil, with an initial commitment of up to $50mn and equal, shared governance.
TotalEnergies will transfer half of a 1.4 gigawatt solar portfolio to KKR, strengthening its position in the North American power market while securing $950 million through the sale and bank refinancing.

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