Increased output from Opec+ and non-member producers is expected to create a global oil surplus as early as 2025, putting pressure on crude prices, according to the International Energy Agency.
The Brazilian company expands its African footprint with a new offshore exploration stake, partnering with Shell and Galp to develop São Tomé and Príncipe’s Block 4.
Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
BW Energy has finalised a $365mn financing for the conversion of the Maromba FPSO offshore Brazil and signed a short-term lease for a drilling rig with Minsheng Financial Leasing.
The Chinese turbine manufacturer has signed a strategic agreement with Mensis Enerji to develop an initial 4.5 GW wind power portfolio in Turkey, strengthening its position in a fast-growing regional market.
Envision Energy launches its first project in Turkey in partnership with Yildizlar Group, adding 232 MW to the national wind capacity in Karaman province.
Viridien and TGS have started a new 3D multi-client seismic survey in Brazil’s Barreirinhas Basin, an offshore zone still unexplored but viewed as strategic for oil exploration.
Brazil’s Cop 30 presidency aims to leverage the Dubai commitments to mobilise public and private actors despite ongoing deadlock in international negotiations.
A prudent limit of 1,460 GtCO2 for geologic storage reshapes the split between industrial abatement and net removals, with oil-scale injection needs and an onshore/offshore distribution that will define logistics, costs and liabilities.
Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
Brasília has officially begun the process of joining the International Energy Agency, strengthening its strategic position on the global energy stage after years of close cooperation with the Paris-based organisation.
Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.
Brazilian authorities have launched a large-scale operation targeting a money laundering system linked to the fuel sector, involving investment funds, fintechs, and more than 1,000 service stations across the country.
CATL unveiled in São Paulo its new 9MWh TENER Stack system, designed for the South American market, responding to rising demand for energy storage driven by the growth of renewable energy.
With net output reaching 384.6 million barrels of oil equivalent, CNOOC Limited continues its expansion, strengthening both domestic and international capacities despite volatile crude oil prices.
Chevron has opened talks with Libya’s National Oil Corporation on a possible return to exploration and production after leaving the country in 2010 due to unsuccessful drilling.
The offshore wind sector is on course to exceed 520 GW of installed capacity by 2040, despite logistical challenges, with a strong concentration in Europe thanks to floating wind.
Brazil, through Indústrias Nucleares do Brasil (INB), is reactivating uranium exploration after 40 years, motivated by the lucrative prospects of the global nuclear market.
Restrictions imposed by the Operador Nacional do Sistema Elétrico (ONS) in Brazil are disrupting the profitability of wind and solar projects, creating uncertainty for investors in the renewable energy sector.
Kazakhstan, the world's leading uranium producer, is speeding up its transition to nuclear power.
Public consultations have been held ahead of the referendum that will determine the future of the country's first nuclear power plant.
Prumo Logística and Fuella are collaborating to develop a low-carbon hydrogen hub at the Port of Açu, with targeted production of 400,000 tonnes per year for export and the domestic market.
Prumo Logística and Fuella are collaborating to develop a low-carbon hydrogen hub at the Port of Açu, with targeted production of 400,000 tonnes per year for export and the domestic market.
Bulgargaz is in talks with Botas to revise their gas agreement, essential to Bulgaria's energy diversification, in response to criticism of its efficiency.
Vladimir Putin visits Azerbaijan to consolidate energy partnerships, in a tense geopolitical context marked by the reorientation of European energy flows.
Brazil plans to add 115 GW of new energy capacity by 2034, with a strong contribution from solar and wind power, according to an analysis by Wood Mackenzie.
Corio Generation and Estaleiros do Brasil (EBR) collaborate to evaluate EBR's infrastructure to support up to 6 GW of offshore wind projects in southern Brazil.
Russian exports of thermal coal have risen sharply, boosted by strong demand in the Asia-Pacific and Mediterranean regions, as well as a temporary reduction in export tariffs.
Altay Enerji is involved in a 240 MW natural gas-fired power plant project in Bishkek, aimed at modernizing Kyrgyzstan's energy infrastructure while reducing its carbon footprint.
Intense drought on the Madeira River is forcing Brazil to reduce its dependence on hydroelectricity, in favor of more expensive thermal sources and energy imports from neighboring countries.
Libya's Oil Minister, Khalifa Rajab Abdulsadek, is charged with corruption by the Attorney General, marking a new stage in the political crisis that is disrupting the country's oil production.
