Connection

popular articles

QatarEnergy enters Iraq’s 1.25 GW solar project with TotalEnergies
Air Products to exit three U.S.-based projects, incurring up to $3.1 billion charge
Resumption of South Sudan’s oil exports via Sudan after months of suspension
Germany Reports a 27 Percent Drop in Electric Car Sales in 2024
France: promulgation of the law merging ASN and IRSN for nuclear safety

Al Saoud expresses support for OPEC+ policy

Please share:

Saudi Arabia’s King Salmane bin Abdelaziz Al Saud declares theOPEC+ production agreement “essential” to oil market stability.

Oil market stability is essential

In his annual address to the Shura Consultative Council (Parliament), the King of Saudi Arabia reiterated the intertwined nature of the Kingdom’s political stability and that of the oil markets.
In particular, he stressed the need to respect the OPEC+ agreement in order to maintain this stability.
Al Saoud notes the efforts made by the Kingdom, the world’s leading oil exporter.
Its capacity to reserve and supply the market is essential to contain price volatility in these times of pandemic.
OPEC+ members will meet on January 4, 2022 to define the future policy of the group.
Depending on the outlook, production quotas could be maintained as they are or increased.

Register free of charge for uninterrupted access.

Publicite

Latest news

TAE Technologies halves cost of fusion reactors with experimental breakthrough
EVREC’s hydrogen project in Newfoundland begins environmental assessment process
Fremont Township awarded $600,000 for solar project with EDP Renewables
Eos Energy signs 5 GWh storage deal with Frontier Power in the United Kingdom
Atrato Onsite Energy secures £250mn from Barclays to fund solar rollout in the UK

Recently published in

Amplify Energy revises merger agreement with Juniper Capital, secures additional $10 mn

Amplify Energy has amended the terms of its merger with Juniper Capital, which will inject an additional $10 mn in cash to strengthen the combined entity's financial position amid oil price volatility.
IEA lowers global oil demand forecast amid rising trade tensions
The International Energy Agency anticipates weaker oil demand growth in 2025, driven by US tariff tensions disrupting market stability and weighing on the shale oil sector.
en_1140290948540-9
IEA lowers global oil demand forecast amid rising trade tensions
The International Energy Agency anticipates weaker oil demand growth in 2025, driven by US tariff tensions disrupting market stability and weighing on the shale oil sector.
en_1140290948540-9
Europe contracts 19 GW of renewable capacity via PPAs in 2024
The European power purchase agreement (PPA) market for renewables reached 19 GW of new capacity in 2024, with growing momentum for hybrid contracts including storage.
en_1140290944540-10
Europe contracts 19 GW of renewable capacity via PPAs in 2024
The European power purchase agreement (PPA) market for renewables reached 19 GW of new capacity in 2024, with growing momentum for hybrid contracts including storage.
en_1140290944540-10
BP discovers new oil field 190 km off the coast of Louisiana
British group BP has announced a new oil discovery in the deep waters of the Gulf of Mexico, strengthening its investment strategy in hydrocarbons with the aim of increasing production by 2030.
en_1140290963540-5
BP discovers new oil field 190 km off the coast of Louisiana
British group BP has announced a new oil discovery in the deep waters of the Gulf of Mexico, strengthening its investment strategy in hydrocarbons with the aim of increasing production by 2030.
en_1140290963540-5

France: Ferracci accuses RN of promoting fossil energy dependence

Industry Minister Marc Ferracci criticised the Rassemblement National's stance on energy, accusing it of hindering planned investments in renewables in favour of fossil fuel imports.
International Petroleum repurchases 277,060 common shares in April across two markets
International Petroleum Corporation repurchased 277,060 common shares between 7 and 11 April under its ongoing share buyback programme, using the Toronto and Stockholm exchanges.
en_1140290968540-3
International Petroleum repurchases 277,060 common shares in April across two markets
International Petroleum Corporation repurchased 277,060 common shares between 7 and 11 April under its ongoing share buyback programme, using the Toronto and Stockholm exchanges.
en_1140290968540-3
CNOOC starts production at Wenchang 9-7 field in the Pearl River Mouth Basin
CNOOC Limited has begun production at the offshore Wenchang 9-7 oilfield, located in the western Pearl River Mouth Basin, targeting 12,000 barrels of oil equivalent per day by 2027.
en_1140290965540-3
CNOOC starts production at Wenchang 9-7 field in the Pearl River Mouth Basin
CNOOC Limited has begun production at the offshore Wenchang 9-7 oilfield, located in the western Pearl River Mouth Basin, targeting 12,000 barrels of oil equivalent per day by 2027.
en_1140290965540-3
German Schwedt refinery under pressure amid Russian oil embargo
In Schwedt, past dependence on Russian oil threatens industrial prospects as the debate on lifting sanctions intensifies and divides Germany’s political class.
en_1140290945540-7
German Schwedt refinery under pressure amid Russian oil embargo
In Schwedt, past dependence on Russian oil threatens industrial prospects as the debate on lifting sanctions intensifies and divides Germany’s political class.
en_1140290945540-7

Growing opposition to PL-69 as Quebec considers liberalising electricity

Bill 69 sparks protests in Saint-Jean-sur-Richelieu, where several organisations denounce a risk of privatising Quebec’s electricity sector.
Petro-Victory boosts growth in Brazil through partnerships and acquisitions
Petro-Victory Energy secures key assets in Brazil through strategic alliances and acquisitions, consolidating its onshore market position and initiating a new phase of development.
en_1140290953540-6
Petro-Victory boosts growth in Brazil through partnerships and acquisitions
Petro-Victory Energy secures key assets in Brazil through strategic alliances and acquisitions, consolidating its onshore market position and initiating a new phase of development.
en_1140290953540-6
Trio Petroleum secures producing oil assets in Saskatchewan’s heavy oil basin
Trio Petroleum Corporation has completed the acquisition of producing oil assets from Novacor Exploration in the prolific Lloydminster region of Canada, consolidating its strategic presence in North America's heavy oil sector.
en_1140290958540-5
Trio Petroleum secures producing oil assets in Saskatchewan’s heavy oil basin
Trio Petroleum Corporation has completed the acquisition of producing oil assets from Novacor Exploration in the prolific Lloydminster region of Canada, consolidating its strategic presence in North America's heavy oil sector.
en_1140290958540-5
France records 2.8% drop in road fuel deliveries in March
Road fuel volumes declined while jet fuel and non-road diesel increased, according to March 2025 data from the Comité Professionnel du Pétrole.
en_1140290963540-3
France records 2.8% drop in road fuel deliveries in March
Road fuel volumes declined while jet fuel and non-road diesel increased, according to March 2025 data from the Comité Professionnel du Pétrole.
en_1140290963540-3

Chevron forced to return unsold Venezuelan oil under US sanctions

Chevron returned several crude shipments to Venezuela after failing to sell them due to US-imposed financial sanctions, despite holding a temporary authorisation to operate until the end of May.
New pipeline sabotage in Nigeria’s Niger Delta reignites tensions
Two armed groups claimed responsibility for attacks on strategic oil infrastructure in the Niger Delta, disrupting Nigerian firm Oando’s operations and reviving concerns over regional stability.
en_1140290960540-6
New pipeline sabotage in Nigeria’s Niger Delta reignites tensions
Two armed groups claimed responsibility for attacks on strategic oil infrastructure in the Niger Delta, disrupting Nigerian firm Oando’s operations and reviving concerns over regional stability.
en_1140290960540-6
A tanker linked to Russia’s shadow fleet intercepted in the Gulf of Finland
Estonian authorities have detained a tanker without official flag registration, suspected of belonging to Russia’s shadow fleet, while en route to a strategic Russian port.
en_1140290946540-7
A tanker linked to Russia’s shadow fleet intercepted in the Gulf of Finland
Estonian authorities have detained a tanker without official flag registration, suspected of belonging to Russia’s shadow fleet, while en route to a strategic Russian port.
en_1140290946540-7
Wind and solar reach 18% of Türkiye’s power mix in 2024
Wind and solar energy accounted for nearly one-fifth of Türkiye’s electricity generation in 2024, according to an analysis by think tank Ember, driven by a strong increase in installed capacity.
en_1140290982540
Wind and solar reach 18% of Türkiye’s power mix in 2024
Wind and solar energy accounted for nearly one-fifth of Türkiye’s electricity generation in 2024, according to an analysis by think tank Ember, driven by a strong increase in installed capacity.
en_1140290982540

Vinci secures landmark PPP for power transmission in New South Wales

The Acerez consortium has signed a 35-year agreement to build and operate over 240 km of high-voltage lines in Australia, marking the country's first public-private partnership in the sector.
SPIE secures five-year maintenance contract with Sonangol in Angola
SPIE Global Services Energy signed a five-year offshore maintenance contract with Sonangol Exploração & Produção for the Bloc 3/05 oil complex, strengthening its strategic presence in Angola.
en_1140290975540-2
SPIE secures five-year maintenance contract with Sonangol in Angola
SPIE Global Services Energy signed a five-year offshore maintenance contract with Sonangol Exploração & Produção for the Bloc 3/05 oil complex, strengthening its strategic presence in Angola.
en_1140290975540-2
PPE 3 scales back solar targets and bets on storage to stabilise the grid
France’s multi-year energy strategy shifts focus away from photovoltaics toward flexibility measures, including battery storage, to address growing imbalances in the electricity market.
en_1140290977540-2
PPE 3 scales back solar targets and bets on storage to stabilise the grid
France’s multi-year energy strategy shifts focus away from photovoltaics toward flexibility measures, including battery storage, to address growing imbalances in the electricity market.
en_1140290977540-2
PPAs gain ground in France despite limited adoption
France’s energy regulator unveils its first observatory dedicated to renewable electricity purchase agreements, highlighting a recent but still marginal growth compared to State-backed mechanisms.
en_1140290976540-2
PPAs gain ground in France despite limited adoption
France’s energy regulator unveils its first observatory dedicated to renewable electricity purchase agreements, highlighting a recent but still marginal growth compared to State-backed mechanisms.
en_1140290976540-2

Paris finalises its energy roadmap for 2025–2035 with imminent decree

The French government plans to adopt within two weeks a decree outlining the decade’s energy objectives, restarting nuclear power and preparing for a parliamentary debate on energy sovereignty.
The rise of renewable energy increases negative price episodes in Europe
The expansion of solar and wind capacity is multiplying hours of negative prices on European electricity markets, weakening the sector's economic balance while reshaping export and storage dynamics.
en_1140290953540-5
The rise of renewable energy increases negative price episodes in Europe
The expansion of solar and wind capacity is multiplying hours of negative prices on European electricity markets, weakening the sector's economic balance while reshaping export and storage dynamics.
en_1140290953540-5
France launches strategic debate on energy security
The National Assembly will discuss national energy security on 28 April at the government’s request, in connection with the upcoming Multiannual Energy Programming covering the 2025-2035 period.
en_1140290956540-4
France launches strategic debate on energy security
The National Assembly will discuss national energy security on 28 April at the government’s request, in connection with the upcoming Multiannual Energy Programming covering the 2025-2035 period.
en_1140290956540-4
Electrification stalls in Europe despite record electricity surplus in France
Despite a predominantly decarbonised electricity production, demand in Europe remains subdued, hindered by uncompetitive prices and limited industrial usage.
en_1140290951540-5
Electrification stalls in Europe despite record electricity surplus in France
Despite a predominantly decarbonised electricity production, demand in Europe remains subdued, hindered by uncompetitive prices and limited industrial usage.
en_1140290951540-5

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS