Led by Chile and dominated by utility-scale projects, Latin America's energy storage market is projected to grow at an average annual rate of 8 % through 2034.
Viridien takes a strategic stake in Mantle8 to boost natural hydrogen exploration across Europe, the Middle East and Africa by combining geological data and seismic detection technologies.
French steel tube manufacturer Vallourec has secured a strategic agreement with Petrobras, covering complete offshore well solutions from 2026 to 2029.
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.
The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
The European Commission launches a regulatory plan addressing eight major power grid blockages to reduce price disparities and strengthen energy security across the Union.
Grenergy has secured $270mn in non-recourse financing to install 3.5 GWh of batteries in Phase 6 of the Oasis de Atacama project, marking a major step in expanding its energy storage capacity in Chile.
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.
Spanish group Qualitas Energy inaugurated the Three Maids facility near Winchester, an anaerobic digestion plant able to produce 120 GWh of biomethane annually from agricultural waste.
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.
US-based AGCO has signed a ten-year virtual power purchase agreement with BRUC, covering a 100 MW solar project in Spain, to secure part of its European energy consumption.
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
With the commissioning of the El Carrizo plant, Ecoener surpasses 500 MW in installed capacity and becomes the most active Spanish investor in Guatemala’s energy sector.
Underreported methane emissions from Australian mines could increase steelmakers’ carbon footprint by up to 15%, according to new analysis highlighting major gaps in global supply chains.
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.
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.
Ahead of COP29, the Climate Change Committee recommends that the UK commit to an ambitious 81% reduction in greenhouse gas emissions by 2035, reinforcing its role in the global fight against climate change.
In September, Brazil replaced Malaysia as the top supplier of blended bitumen to China, due to banking restrictions and new trade opportunities with Latin American countries.
Eletrobras and Ocean Winds have signed an agreement to explore the potential of offshore wind energy in Brazil, aiming to develop this new renewable energy source to meet the growing demand for clean energy.
Japan is projected to become the leading hub for captured carbon (CO2) trade in the Asia-Pacific region by 2050, according to Wood Mackenzie, with government investment and policy support being crucial to this goal.
Renewable energy production costs, especially wind and solar, continue to decrease in 2024, surpassing fossil fuels in many markets, according to a report by Wood Mackenzie.
Baker Hughes recorded revenues of $6.9 billion in Q3 2024, with a 23% increase in adjusted EBITDA and a net income of $766 million, confirming the strength of its performance in an uncertain economic environment.
Iberdrola posted a 19% increase in its net profit for the third quarter of 2024, reaching €1.34 billion, despite a decline in electricity production, except in renewable energies.
Advances in fusion reactor technologies are underway in Spain with the SMART tokamak at the University of Seville, while the New Zealand startup OpenStar Technologies has made a key breakthrough with its floating magnetic component.
Energy Vault and Enervest partner to deploy a 1.0 GWh energy storage facility in New South Wales, aiming to strengthen grid stability and promote renewable energy in the region.
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
The oil group Repsol has decided to suspend all its investment projects in green hydrogen in Spain, citing an unfavorable regulatory environment marked by the establishment of a permanent tax on the profits of energy companies.
Venezuela's oil sector is shaken by the arrest of former minister Pedro Tellechea, revealing ongoing political and economic tensions within the industry.
The BRICS+ Nuclear Energy Platform aims to share experiences and support the development of nuclear technologies among member countries, thereby enhancing collaboration in the energy sector.
Acciona Energía Plans to Divest Its Hydroelectric Portfolio Valued at $1.1 Billion to Strengthen Its Financial Balance Sheet and Reinvest in Other Renewable Sectors.
Plenitude begins construction of a 220MW solar plant in Villarino de los Aires, Spain. This major project in the Castilla y León region aims for an annual production of over 400 GWh.
A major agreement between Petrobras and Vale marks a significant advancement in the decarbonization efforts of Brazil's energy and mining sectors, with the supply of renewable content diesel intended for heavy vehicle fleets.
Alex Saab, a businessman released by the United States, succeeds Pedro Rafael Tellechea as Minister of Industry and National Production in Venezuela, thereby strengthening President Nicolas Maduro's efforts to revive the country's industrial sector.
