Colombia

Floating solar market to hit $3.39bn by 2030 driven by land scarcity

The global floating solar panel market could triple by 2030, supported by energy demand and favourable regulations, according to the latest double-digit annual growth forecasts.

The United States Raises Tariffs Against Colombia on Energy and Metals

The United States announces a tariff increase beyond the 10% base rate targeting several Colombian products. Bogotá has recalled its ambassador. The detailed list of tariff lines has not yet been published, while Colombia’s ban on coal exports to Israel remains in effect.

Bolivia: Paz prepares energy overhaul, lithium and gas transit reforms

The president-elect outlines a pro-market agenda: gradual reform of fuel subsidies, review of Yacimientos de Litio Bolivianos (YLB) lithium contracts, and monetization of gas transit between Argentina and Brazil, prioritizing supply stabilization.
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New Stratus enters Brazil with 32.5% oil deal on two blocks

New Stratus Energy has signed a definitive agreement with Vultur Oil to acquire up to 32.5% interest in two onshore oil blocks located in the State of Bahia, Brazil, with an initial investment of $10mn.

Petrobras authorised to drill off the Amazon coast despite opposition

The Brazilian government has approved an offshore drilling project led by Petrobras in the Equatorial Margin region, weeks before COP30 in Belém.

Vantage Drilling cancels a $80m contract after a major regulatory shift

Vantage Drilling halted a 260-day drilling contract for the vessel Platinum Explorer following a rapid evolution of international sanctions regimes that made the campaign non-compliant with the applicable legal framework shortly after it was signed.
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Egypt and UAE join forces to connect electricity to Europe

The Egyptian government and UAE-based K&K have signed an agreement to finalise studies for an electricity interconnection project linking Egypt to Europe via Italy.

Brazil and China sign agreement on radioisotope supply

Brazil and China have concluded a three-year agreement to secure access to essential radioisotopes for the medical, industrial and scientific sectors, with no financial exchange between the parties.

Sigma Lithium joins Morgan Stanley’s national security index

Brazilian producer Sigma Lithium has been included in a thematic index by Morgan Stanley grouping US-listed companies considered essential to national security and strategic supply chains.
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EDF considers targeted asset sales to boost financial flexibility

EDF confirms it is exploring capital openings and calls for strict investment prioritisation, facing €54.3bn ($57.5bn) in debt and massive funding needs by 2040.

IMO delays maritime carbon tax talks by one year under Saudi-led motion

Talks on the Net-Zero Framework, which seeks to regulate greenhouse gas pricing on marine fuels, have been postponed until 2026 following a majority vote initiated by Saudi Arabia.

United States secures postponement of carbon tax vote at the IMO

Under intense diplomatic pressure from Washington, member states of the International Maritime Organization agreed to postpone by one year the adoption of a carbon pricing mechanism for global maritime transport.
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Trump authorises CIA covert operations targeting Venezuela

Washington confirms it has mandated the CIA to carry out secret actions against Nicolas Maduro’s government, escalating tensions between the United States and Venezuela amid geostrategic and energy stakes.

Repsol deploys intelligent agent platform to automate workflows

Repsol has launched a pilot platform of AI multi-agents, developed with Accenture, to transform internal organisation and improve team productivity.

GE Vernova to supply 42 turbines for a 252 MW wind farm in Romania

GE Vernova will equip the Ialomiţa wind farm with 42 turbines of 6.1 MW, strengthening its presence in the European onshore wind sector with a 252 MW project in partnership with Greenvolt.
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Brazil’s biodiesel sector calls for tighter oversight amid rising prices and fraud risks

The increase in Brazil’s biodiesel blend mandate to 15% has reignited calls for stronger regulatory supervision as prices climb and budget constraints limit enforcement.

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.

EDP deploys 10 MWc solar park in Italy combined with livestock activity

EDP has commissioned a solar power plant in Salerno integrating livestock farming, with a capacity of 10 MWc and an annual output of 17 GWh, marking the launch of a hybrid model to be replicated in France and Germany.
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Brent under pressure: traders expect prices to fall towards $60

Major global oil traders anticipate a continued decline in Brent prices, citing the fading geopolitical premium and rising supply, particularly from non-OPEC producers.

Brazil, India, Italy and Japan set regulatory target for sustainable fuels

Ahead of COP30, four major economies commit to regulating the increase in sustainable fuel production and consumption by 2035.

Trade tensions: Brazil’s strategic minerals at the centre of negotiations with the United States

The Brazilian mining sector is drawing US attention as diplomatic discussions and tariff measures threaten to disrupt the balance of strategic minerals trade.

Google signs global agreement with Energy Dome to deploy CO₂ systems

Energy Dome has signed a strategic partnership with Google to globally deploy its long-duration CO₂-based energy storage technology, aiming to support the continuous supply of electricity to power grids.

The International Court of Justice opinion increases legal risks for fossil fuel projects

The advisory opinion issued by the International Court of Justice increases legal exposure for states and companies involved in the licensing or expansion of oil and gas projects, according to several international law experts.
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Vallourec sees 64% drop in profit but strengthens operating margin

Despite a sharp decline in sales and prices, Vallourec improved its profitability and issued an upward forecast for its gross operating income in the second half of 2025.

ENI cuts net profit by 18% in the second quarter and bets on dividend strategy

Eni announces a sharp decline in quarterly net profit, the result of lower oil prices and a weaker dollar, while maintaining a strengthened dividend policy and a development trajectory in renewables.

Mozambique seeks Russian companies’ participation in natural gas development

Mozambique aims to strengthen the presence of Russian companies in natural gas exploration and production as the country looks to diversify its partnerships in the natural resources sector.
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Repsol faces sharp drop in half-year profit after Iberian power outage

Repsol's net profit fell to €603mn in the first half, impacted by oil market volatility and a massive power outage that disrupted its activities in Spain and Portugal.

Saipem and Subsea7 validate their merger to create a global energy services giant

Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.

Naturgy posts record half-year profit of €1.15bn following Iberian blackout

Spanish group Naturgy reports an unprecedented net profit, driven by rising electricity prices and increased use of its gas-fired power plants since the major Iberian grid outage.
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TotalEnergies posts 29% drop in net profit in the second quarter of 2024

TotalEnergies reports a significant decrease in net profit and revenue for the second quarter, while relying on growth in its hydrocarbon and electricity production to sustain profitability and global ambitions.

Iberdrola raises $5.9 billion to strengthen its grids in the UK and the US

Iberdrola launches a EUR5 billion (USD5.87 billion) capital increase to fund the expansion and modernization of its power grids in the UK and the US, while announcing a decline in its half-year profit.

The tech sector urged to accelerate the energy transition amid rising demand

The growth of data centres and artificial intelligence is putting unprecedented pressure on global electricity grids, prompting major tech companies to rethink their energy supply to address capacity and competitiveness challenges.
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Spanish lawmakers reject Pedro Sánchez’s plan to prevent major power outages

The Spanish Parliament has rejected a package of reforms aimed at preventing another major power outage, plunging the national energy sector into uncertainty and revealing the fragility of the government's majority.

Galp Energia reports a 25% increase in net profit for Q2 2025

Portuguese group Galp Energia announced an adjusted net profit of €373 million for Q2 2025, a 25% increase from the previous year, driven by higher hydrocarbon production in Brazil.

Brookfield invests up to $1 billion to increase its stake in Isagen

Brookfield Renewable announces an investment of up to $1 billion to increase its stake in the Colombian energy company Isagen to 38%. Qatar Investment Authority (QIA) is also co-investing to raise its stake to 15%.
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RWE commissions 53.1 MW wind farm in Italy

RWE has inaugurated the Mondonuovo wind farm in Italy, a 53.1 MW facility capable of powering 55,000 Italian households. This project marks a key milestone in the development of renewable energy in Italy.

Electrica raises €500 million with its first green bond issuance

Romanian company Electrica raised €500 million through the country's first green bond issuance, with participation from the European Investment Bank (EIB), to finance its renewable energy and storage projects.

The United States sides with Argentina in YPF dispute

The U.S. government has supported Argentina’s request for a temporary suspension of an order to hand over its stake in YPF, a 16.1 billion USD judgment aimed at satisfying creditors.
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Valmet to supply biomass boiler and flue gas cleaning system to Saica in Spain

Valmet has secured a contract to supply a biomass boiler and flue gas cleaning system to Saica Group for its production site in El Burgo de Ebro, Spain, as part of its decarbonisation plan.

Trump to impose 100% tariffs on buyers of Russian oil

US Senator Lindsey Graham announced that President Donald Trump plans to impose 100% tariffs on countries purchasing Russian oil, including China, India, and Brazil.