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Global wind sector targets 2 TW installed capacity by 2030 despite uncertainties
Driven by China's acceleration, global wind capacity is expected to reach 170 GW in 2025, paving the way for a doubling of installed capacity by 2032.
BlackRock and partners target $10.3 billion for Aramco gas deal financing
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.

Germany urges European Union for more flexibility on 2035 combustion car ban

Berlin questions the ban on sales of combustion cars from 2035, as German automakers warn of economic and industrial risks for the country.
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Union strike threatens fuel deliveries from Dangote refinery
Nigeria’s two main oil unions have halted loadings at the Dangote refinery, contesting the rollout of a private logistics fleet that could reshape the sector’s balance.
The inner dome of Haiyang 4 reactor successfully installed in China
The steel dome of the CAP1000 Haiyang 4 reactor has been positioned, a major construction milestone paving the way for upcoming maintenance and technical installation phases.

BW Energy raises $365mn for Maromba FPSO and secures drilling rig

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.
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Hydrogen surpasses USD110 billion in committed investments across more than 500 projects
Over 500 hydrogen projects are now under construction or operational worldwide, with total committed investments reaching USD110 billion, representing an increase of USD35 billion in one year.
Two sanctioned Russian LNG carriers deliver to China despite restrictions
The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.

Iran seeks to revive oil production amid threat of renewed sanctions

Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.
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StarCharge seals 1 GWh deal in India with Prozeal Green Energy
StarCharge has signed a contract to supply 1 GWh of battery energy storage systems to Prozeal Green Energy, strengthening its presence in the Indian market and continuing its international expansion.
Ottawa allocates $370mn to support Canadian canola sector amid Chinese tariffs
The federal government is granting $370mn to Canadian canola producers affected by a 75.8% tariff imposed by China, and is introducing fiscal and regulatory measures to strengthen the domestic biofuel industry.

Greek shipowners cut Russian crude links under new compliance rules

Greek shipping companies are gradually withdrawing from transporting Russian crude as the European Union tightens compliance conditions on price caps.
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NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports
NatPower Marine and Wah Kwong create a joint venture to deploy a maritime electric charging network in over 30 Asian ports by 2030, without requiring initial public investment.
Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey
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.

China redefines electric vehicle strategy around technological innovation

Faced with falling margins and overcapacity, Beijing is restructuring its electric vehicle industry by focusing on quality, standards, and technological upgrading.
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UAE energy undersecretary visits Tellus Power in Hong Kong
The visit marks a new step in the cooperation between the United Arab Emirates and Tellus Power, aiming to establish an EV charging station production unit in the Gulf.
Envision Energy enters Turkish market with 232 MW wind project
Envision Energy launches its first project in Turkey in partnership with Yildizlar Group, adding 232 MW to the national wind capacity in Karaman province.

CNOOC starts Wenchang 16-2 oilfield project to strengthen investments

CNOOC has launched production at the Wenchang 16-2 field in the South China Sea, supported by 15 development wells and targeting a plateau of 11,200 barrels of oil equivalent per day by 2027.
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Taiwan denounces deployment of 12 Chinese oil platforms in its waters
Taiwan accuses China of illegally installing twelve oil structures in the South China Sea, fuelling tensions over disputed territorial sovereignty.
1,460 GtCO2: Nature study reshapes allocation of global subsurface capacity
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.
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Monkey Island LNG integrates ConocoPhillips technology in strategic agreement
Hungary and Poland accelerate solar and battery growth in Central Europe
Uniper demolishes 116-metre cooling tower at Scholven site
TruGrid delivers three storage projects in Texas on time and without cost overruns
Zelestra and BKW partner on 2 GWh battery storage megaproject in Italy
REPT BATTERO to deliver 2.5GWh of storage systems to Hyosung Heavy Industries
The agreement signed in Seoul between REPT BATTERO and Hyosung Heavy Industries provides for the supply of 2.5GWh of energy storage systems aimed at strengthening their joint position in the global market.
Cheniere signs 15-year deal with Canadian Natural to support Sabine Pass
Cheniere has signed a long-term gas supply agreement with Canadian Natural Resources to support the planned expansion of its Sabine Pass liquefaction terminal in Louisiana from 2030.

Cnooc plans dry dock for its LNG bunker barge in July

Cnooc will immobilise its Hai Yang Shi You 301 barge in July, temporarily reducing LNG bunkering capacity in China, where only five units handle supply.
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Galp targets 40% increase in oil production in Brazil
Portugal’s Galp expects a production surge in Brazil driven by the offshore Bacalhau field, in partnership with Sinopec, Equinor and ExxonMobil.
Wood Mackenzie’s tariff scenarios reshape global energy policy
Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.

LONGi signs 102MW deal to equip public infrastructure in Finland

Chinese group LONGi has signed a 102MW supply contract for Hi-MO X10 back contact solar modules with a Finnish energy company, marking a step in its Northern European expansion.
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Sungrow installs 60MWh battery in Finland near the Arctic Circle
Chinese provider Sungrow has completed a 60MWh energy storage installation in Simo, less than 100 kilometres from the Arctic Circle, marking a strategic step for the stability of Finland’s power grid.
China Adopts Henry Hub Indexation in American LNG Contracts
Several Chinese companies have signed long-term contracts to purchase liquefied natural gas indexed to the U.S. Henry Hub, despite heightened trade tensions and the recent application of specific tariffs on American hydrocarbons.

Jereh deploys AI-powered fracturing platform in Sichuan

Jereh integrates artificial intelligence solutions into its oil operations, increasing fracturing efficiency by 36% through an autonomous electric system tested in the Sichuan Basin.
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Australia Extends North West Shelf Gas Project Operations by 40 Years
The Australian government has authorized an extension of the major North West Shelf gas project until 2070, sparking economic, cultural, and environmental debates both domestically and on international liquefied natural gas markets.
The Libra consortium launches production at Mero-4 with a China-integrated FPSO
Production at the Mero-4 field began on May 24 using a 180,000 barrels/day FPSO, the result of international cooperation among six partners operating offshore Brazil.

Indonesia Bets on 10 GW Nuclear to Transform its Energy Mix

Facing growing energy demands, Indonesia has announced an ambitious nuclear program targeting 10 GW capacity by 2040, attracting interest from global industry giants to support this strategic shift towards a low-carbon economy.
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Global mining concentration threatens access to strategic metals
The International Energy Agency warns of growing vulnerability in strategic metal supply chains, dominated by a limited number of producing and refining countries.
Niger orders CNPCNP executives to leave over breach of local content rules
Nigerien authorities instruct the local arm of China National Petroleum Corporation to repatriate expatriates who have held positions for over four years, citing violations of local content requirements and economic sovereignty.

Union Investment removes TotalEnergies from sustainable funds amid Uganda dispute

German asset manager Union Investment has excluded TotalEnergies from its sustainable funds over allegations of human rights violations linked to the EACOP oil project in Uganda, further complicating its international financing.
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Trump Signs Four Major Executive Orders to Quadruple U.S. Nuclear Production
Donald Trump announces four executive orders to quadruple U.S. nuclear energy production within 25 years, radically accelerate regulatory approvals, secure enriched uranium supplies, and address the surging energy demands linked to artificial intelligence.
Envision Energy obtains Bureau Veritas certification for its green ammonia plant in China
Envision Energy’s green ammonia project in Chifeng becomes one of the first globally to receive Bureau Veritas certification, enhancing its international market credibility.

HyperStrong launches HyperBlock M to meet global demand for modular storage

Chinese manufacturer HyperStrong has unveiled in Germany its new modular energy storage platform, HyperBlock M, designed to streamline installation, maintenance and performance at utility scale.
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Sino-Egyptian energy deals worth $1.8bn signed during Cairo summit
China and Egypt concluded over 30 energy-focused agreements, including electric vehicles, smart grids and storage technologies.
Europe commits €800bn to defence, destabilising strategic metals supply balance
The European rearmament plan intensifies pressure on critical metals supply chains, dominated by China, and in direct competition with other key industrial sectors.
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