China

Against market expectations, US commercial crude reserves surged due to a sharp drop in exports, only slightly affecting international prices.
Hull Street Energy has signed an agreement to acquire thirteen hydroelectric dams from Consumers Energy, totalling 132 MW, further consolidating its position in the North American hydro sector.

Madison Energy Infrastructure raises $800mn to support large-scale projects

US-based Madison secures $800mn debt facility to finance energy infrastructure projects and address rising grid demand across the country.
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Solar and storage accounted for 82% of new U.S. power capacity in early 2025, despite federal measures slowing their expansion.
US-based Chevron has submitted a bid with HelleniQ Energy to explore four offshore blocks south of Crete, marking a new strategic step in gas exploration in the Eastern Mediterranean.

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.
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Iran has reached a new agreement with the International Atomic Energy Agency to formalise the resumption of inspections, following months of suspension linked to military tensions and criticism of its nuclear programme.
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.

TotalEnergies strengthens its presence in the United States with Rio Grande LNG Train 4

TotalEnergies commits to Train 4 of the Rio Grande LNG project in Texas, consolidating its position in liquefied natural gas with a 10% direct stake and a 1.5 Mtpa offtake agreement.
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Canadian energy producer Cordelio Power has completed commissioning of its Winfield solar project, a 150 MW facility backed by a 15-year contract with Microsoft and a $313mn structured financing deal.
US-based Nuclearn has secured $10.5mn to scale its artificial intelligence platform, already deployed in over 65 nuclear reactors, to automate critical operations amid rising energy demand.

Dig Energy raises $5mn to industrialise lightweight geothermal drilling technology

Start-up Dig Energy has secured $5mn to launch its first pilot projects for compact geothermal drilling, aiming to cut thermal energy production costs in buildings without relying on conventional oilfield rigs.
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Electric Hydrogen announces the acquisition of Ambient Fuels and an alliance with Generate Capital to offer up to $400 mn in hydrogen project financing worldwide starting in 2026.
Baker Hughes joins the development of the second phase of the Hell’s Kitchen project in California, targeting 500 megawatts of geothermal energy to power energy-intensive data centres.

EQT signs 20-year deal for 1 Mtpa LNG with Commonwealth LNG

US producer EQT has secured a twenty-year liquefied natural gas supply contract with Commonwealth LNG, tied to a Gulf Coast terminal under development.
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Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated ÂŁ3bn to new assets.
The Chief Executive Officer of TotalEnergies said that NextDecade would formalise on Tuesday a final investment decision for a new liquefaction unit under the Rio Grande LNG project in the United States.

MCatalysis secures funding to industrialise microwave catalysis technology from Oxford

Texas-based start-up MCatalysis secures seed funding from HL Energy Ventures to exploit, under exclusive licence, a microwave catalysis technology developed at the University of Oxford.
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Phillips 66 acquires Cenovus Energy’s remaining 50% in WRB Refining, strengthening its US market position with two major sites totalling 495,000 barrels per day.
Berlin questions the ban on sales of combustion cars from 2035, as German automakers warn of economic and industrial risks for the country.
The renewable division of Energias de Portugal (EDP) reported a sharp decline in first-half net profit due to a marked reduction in gains from asset sales, while electricity production and revenue increased.
Qatar rejects EU climate transition obligations and threatens to redirect its LNG exports to Asia, creating a major energy dilemma.

Slovenské elektrárne signs a contract with Urenco for enriched uranium supply

Slovenské elektrárne has signed an agreement with Urenco for the purchase of enriched uranium for the Bohunice and Mochovce nuclear power plants, strengthening the diversification of its supply sources until the mid-2030s.
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Stonepeak announces the creation of JouleTerra, a platform dedicated to the aggregation and management of grid-connected land, aimed at supporting the deployment of renewable energy infrastructure throughout the European continent.
Emirates Nuclear Energy Company signs two major agreements with Hyundai Engineering & Construction and Westinghouse, strengthening its position in the global civil nuclear market and paving the way for new international industrial opportunities.

CNOOC Limited strengthens gas capacity with Dongfang 1-1 13-3 project

The launch of the Dongfang 1-1 13-3 project by CNOOC Limited marks a milestone in offshore gas development in China, bringing new investments in infrastructure and regional production.
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Eco Wave Power has completed the installation of floaters for its pilot project in Los Angeles, marking a strategic milestone in the validation and commercialisation of its wave energy technology in the US market.
Savion, a Shell subsidiary, transfers majority ownership of five solar projects to Tango Holdings, 80% owned by Ares, to optimise the U.S. renewable electricity production portfolio and improve the profitability of the oil group’s investments.

Baker Hughes finalises $13.6bn deal to acquire Chart Industries ahead of Flowserve

Baker Hughes is set to acquire Chart Industries for $13.6bn, surpassing Flowserve’s offer and ending the previously announced merger between Chart and Flowserve, according to sources close to the matter.
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The State of New York is launching a major competition to deploy one gigawatt of energy storage, a key step in its roadmap to strengthen grid reliability and optimise costs.
The French group posted higher sales and profitability while setting a new record for its investment backlog, driven by the electronics and energy transition sectors.

US sanctions against NIS: Serbia secures a fifth 30-day reprieve

Serbia has secured a new 30-day reprieve from the application of US sanctions targeting NIS, operator of the country’s only refinery, which is majority owned by Gazprom.
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The EU-US agreement could create a higher energy concentration than that of Russia before 2022, threatening the European diversification strategy.
The European commitment to purchase $250bn of American energy annually raises questions about its technical and economic feasibility in light of limited export capacity.

Agilitas Energy acquires 12.5 MW solar project in Rhode Island to strengthen its portfolio

Agilitas Energy announces the acquisition of a 12.5-megawatt solar project in North Smithfield, aiming to power more than 2,500 homes and provide full energy credits to commercial and institutional customers in Rhode Island.
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The rise in investments and the boom in binary cycle technologies are placing geothermal energy at the heart of global energy strategies, driven by heat pump demand and Asian ambitions.
A 5,500-horsepower harbour vessel was bunkered with green ammonia at the Dalian terminal, marking the creation of a full value chain for this fuel and a technical milestone for the maritime sector.

Inlyte Energy launches 4 MWh iron-sodium battery to boost resilience in California

A 4 MWh iron-sodium energy storage system will be deployed in Sonoma County, supporting a critical evacuation zone and reducing diesel reliance in the face of increasing wildfire risks.
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CenterPoint Energy plans to hire nearly 800 specialised technicians and launch a training programme to support more than $53 billion in investments in the Greater Houston area’s electric interconnection network by 2030.
First Hydrogen expands its collaboration with the University of Alberta to optimise small modular nuclear reactor design and support green hydrogen development amid the growth of artificial intelligence data centres.