SUBSCRIBE
PROFILE

Algeria

China cuts its oil surplus to 570,000 barrels per day and prepares a cycle of strategic purchases
The decline in imports and the rise in refining in September reduced China’s crude surplus to its lowest in eight months, opening the way for tactical buying as Brent slips below 61 dollars.
Jordan: exporting its electricity via Syria, operational levers and constraints
Jordan can export electricity if three conditions align: fuel availability for its power plants, measurable system surplus, and a functional transit framework via Syria to Lebanon with clear metering and settlement rules.

Prisma Photonics raises $30mn to expand its optical fibre infrastructure monitoring platform

Israeli company Prisma Photonics has raised $30mn in a funding round led by Protego Ventures to develop its artificial intelligence-based detection system for power grids and critical infrastructure.
en_1140151028540
Midad Energy signs $5.4bn contract with Sonatrach in Algeria
Sonatrach and Midad Energy North Africa signed a production-sharing hydrocarbon contract in the Illizi South perimeter, involving a total investment estimated at $5.4bn for exploration and exploitation of the site.
Algeria signs two oil assessment agreements with Petrogas E&P
Alnaft has signed two study agreements with Omani firm Petrogas E&P on the Touggourt and Berkine basins, aiming to update hydrocarbon potential in key oil-producing areas.

Algeria commits $60 billion to strengthen its energy strategy by 2029

Algeria plans to allocate $60 billion to energy projects by 2029, primarily targeting upstream oil and gas, while developing petrochemicals, renewables and unconventional resources.
en_114071088540
Eco Wave Power deploys BladeRanger drones to automate wave maintenance
Eco Wave Power and BladeRanger have unveiled a first-of-its-kind drone-powered maintenance system for onshore wave energy infrastructure, aimed at reducing operational costs and improving system performance.
IAEA: Iran held 440.9 kg at 60% before Israeli strikes
A report by the International Atomic Energy Agency puts Iran’s 60% enriched uranium at 440.9 kg before Israeli and U.S. strikes, while the agency’s access to enrichment sites has remained suspended since the operations.

Colombia: Petro blocks coal to Israel in a political showdown

President Gustavo Petro bans all coal exports to Israel, a decision with minor energy effects but strong diplomatic weight, illustrating his anti-Americanism and attempts to reshape Colombia’s domestic politics.
en_1140310835540
Return of IAEA inspectors to Iran after one month of diplomatic breakdown
Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.
African solar panel imports surge 60% in one year
Solar panel imports into Africa reached 15,032 MW in one year, setting a record and marking an expansion beyond South Africa, according to the energy research organisation Ember.

Shikun & Binui commissions a 71 MW solar power plant in Romania

Israeli group Shikun & Binui begins commercial operation of its first photovoltaic park in Romania, a 71 MW facility located in Satu Mare County.
en_11402108221540
Occidental and Algeria Launch Two Studies to Assess New Oil and Gas Fields
Alnaft and Occidental Petroleum signed two agreements to assess the oil and gas potential of southern Algerian zones, amid rising budgetary pressure and a search for energy stability.
OPEC Revises Global Oil Forecasts for 2026 to 106.5 Million b/d
OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.

Russia gains adoption of oil and gas standards in Africa and the Middle East

Around 80 Russian technical standards for oil and gas have been internationally validated, notably by the United Arab Emirates, Algeria and Oman, according to the Institute of Oil and Gas Technological Initiatives.
en_1140320837540
Iraq and Syria Revive Kirkuk-Baniyas Pipeline to Bypass Traditional Routes
Baghdad and Damascus intensify discussions to reactivate the 850 km pipeline closed since 2003, offering a Mediterranean alternative amid regional tensions and export blockages.
Eco Wave Power completes installation of pilot project at the Port of Los Angeles
Eco Wave Power has completed the full installation of its wave energy system at the Port of Los Angeles, paving the way for initial operational tests scheduled for September.

OPEC+ Cuts Production Despite Higher Quotas in July

OPEC+ oil production fell to 41.65 million barrels per day in July 2025, reveals S&P Global's Platts survey, as Saudi Arabia normalizes production after June's Iran-Israel tensions.
en_1140120839540
IAEA Dispatches Envoy to Tehran to Negotiate New Nuclear Framework
A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.
OPEC+ to complete in September the full withdrawal of 2.2 million b/d voluntary cuts
The eight OPEC+ members concerned will end next month the cuts introduced in November 2023, while keeping the option to readjust their output depending on market fundamentals and quota compliance.
  • Populaires sur energynews.pro
Brazil and China sign agreement on radioisotope supply
Jordan confirms its ability to supply Lebanon with energy via interconnections
Nigeria targets $23bn to expand electricity access by 2060
CMA CGM orders six LNG container ships from India’s Cochin Shipyard
World Bank strengthens support for Ghana’s struggling energy sector
IAEA chief to visit Iran amid tensions
Rafael Grossi, Director General of the IAEA, will visit Iran for crucial talks, against a backdrop of escalating nuclear tensions with Israel.
IAEA Iran visite
Solar expansion in Algeria: Chinese projects take center stage
Algeria is accelerating its solar shift with the inauguration of new large-scale PV projects by Chinese companies.
L'Algérie initie une expansion majeure de son secteur solaire avec le soutien des projets initiés par la Chine.

More Algerian LNG exports to Europe

Faced with falling LNG prices in Europe, purchases of Algerian cargoes are increasing, marking a peak in exports.
Exportations LNG Algérie Europe
Eni joins forces with Ithaca Energy to strengthen its North Sea activities
Eni is merging its North Sea business with Ithaca Energy, majority-owned by Israeli group Delek, in a deal that will give Eni a 37.3% stake in a newly-formed "satellite" entity.
Fusion Eni Ithaca Energy
Chevron and ExxonMobil: Strategic adaptation to market challenges
Chevron and ExxonMobil unveil their first-quarter 2024 results, revealing economic pressures from tight refining margins and fluctuating natural gas prices. The two oil giants continue to adjust, increasing their production and diversifying their operations to strengthen their resilience.
Résultats 2024 Chevron ExxonMobil

Tensions in the Middle East: Stable oil supplies in Asia

Asian refiners are assessing the impact of tensions in the Middle East on freight and marine insurance costs, without fearing for the security of crude oil supplies.
Iran Israël impact pétrole asiatique
Tensions in the Middle East: Impact on ocean freight costs
Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
Impact tensions Israël-Iran fret
Iran-Israel escalation: Potential impact on oil sanctions
In the face of Iran's recent attack on Israel, experts are debating the US response to oil sanctions.
Sanctions pétrole US attaque Iran

Israel/Iran: why don’t oil prices soar?

Despite recent tensions between Iran and Israel, oil prices remain stable, surprising analysts and markets alike.
Iran Israël cours pétrole
Iranian attack on Israel has major impact on oil sector
The rapid escalation between Iran and Israel threatens the stability of world oil markets, with serious implications for maritime trade and energy security.
Impact attaque Iran Israël pétrole
BP: Production and sales up in Q1 2024
BP forecasts higher production and robust oil and gas sales for the first quarter, with financial results due on May 7.
BP résultats T1 2024

Artificial intelligence to combat methane leaks

In Paris, engineering company Kayrros harnesses satellites and AI to detect methane leaks, helping to fight global warming more effectively.
Kayrros IA fuites méthane
Geopolitical instability causes oil prices to soar
Tensions between Israel and Iran caused a significant rise in oil prices, the highest since October.
Hausse pétrole tensions Iran Israël
United States: DoE suspends oil purchases for Louisiana SPR
The US Department of Energy suspends the planned purchase of 3 million barrels of oil for the Strategic Petroleum Reserve (SPR) in Louisiana, adjusting its strategy in the face of high crude prices.
Annulation achat pétrole DOE SPR

Oil at five-month high

Oil prices hit a record high, propelled by supply concerns and tensions between Israel and Iran.
Hausse pétrole avril 2024 tensions Iran Israël
Houthis threaten to attack Saudi oil installations
The Houthis have warned Saudi Arabia of a possible target, should it assist the US-led coalition's attack on Yemen.
Menace Houthis pétrole Arabie Saoudite
Decline of oil and fall of natural gas in 2023
In 2023, global energy markets experienced a surprising dynamic: a significant drop in oil prices and a drastic fall in natural gas prices.

Seves and Sediver Penalized for International Corruption

Seves group and Sediver fined 13.373 million euros for corruption in the DRC, Algeria, Nigeria and Libya, illustrating the disastrous consequences of corruption on companies.
energynews_thumb
COP28 in Dubai: Challenges and hopes in the fight against climate change
COP28 in Dubai marks a decisive turning point in the fight against climate change, with a focus on fossil fuels and the creation of a compensation fund.
COP28 Débats Climatiques Fonds de Compensation
OPEC+ Online for Production Quotas: Impact on the World Economy
OPEC+ virtual meeting on oil production quotas and their impact on world markets.
OPEC+: Quotas et Géopolitique
Charger plus