Croatia

Oilfield giants shift to AI infrastructure as drilling slows

SLB, Halliburton and Baker Hughes invest in artificial intelligence infrastructure to offset declining drilling demand in North America.

EDF to repay €7.4bn in bank loans early by January 2026

The French energy group announced the early repayment of medium-term bank debt, made possible by strengthened net liquidity and the success of recent bond issuances.

Google signs 25-year deal to restart Duane Arnold nuclear power plant

NextEra Energy announces an agreement with Google to restart a nuclear plant in Iowa, with operations expected to resume as early as 2029 and full site ownership secured.
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US utility large load commitments reach 160 GW amid grid imbalance warnings

Large load commitments in the PJM region now far exceed planned generation capacity, raising concerns about supply-demand balance and the stability of the US power grid.

Washington’s shift on Chevron disrupts Venezuela’s oil economy

The new US licence granted to Chevron significantly alters financial flows between Venezuela and the United States, affecting the local currency, oil revenues and the country's economic balance.

Venezuela freezes gas cooperation with Trinidad over pro-U.S. political alignment

Caracas suspended its energy agreements with Trinidad and Tobago, citing a conflict of interest linked to the foreign policy of the new Trinidadian government, jeopardising several major cross-border gas projects.
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Three Crown boosts output with 752 boe/d well in Wyoming

Three Crown Petroleum reports a steady initial flow rate of 752 barrels of oil equivalent per day from its Irvine 1NH well in the Powder River Basin, marking a key step in its horizontal drilling programme in the Niobrara.

US nuclear regulator recommends construction permit for Kemmerer Unit 1

The environmental review of TerraPower’s Natrium project in Wyoming has been completed, paving the way for a construction permit for this advanced nuclear reactor.

Petrofac places holding company into administration after termination of key contract

The termination of a strategic contract with Dutch grid operator TenneT triggered the administration of Petrofac’s holding company, reigniting tensions with creditors.
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Energy Plug Technologies delivers second energy storage system in the United States

Canadian group Energy Plug Technologies continues its expansion in the US market with the delivery of a new energy storage system to an industrial client based in the southern region.

Ormat and SLB launch partnership to industrialise enhanced geothermal systems

Ormat Technologies and SLB join forces to accelerate the development of integrated geothermal systems, including a pilot EGS project at an existing site for large-scale commercial deployment.

Texas captures attention with over $10bn invested in carbon management

With dense industrial activity and unique geological potential, Texas is attracting massive investment in carbon capture and storage, reinforced by new federal tax incentives.
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Singapore invests heavily in civil nuclear power and regional energy networks

Singapore strengthens its energy strategy through public investments in nuclear, regional electricity interconnections and gas infrastructure to secure its long-term supply.

Carbon removal investments hit $1 billion despite high operating costs

The carbon removal technology sector is expanding rapidly, backed by venture capital and industrial projects, yet high costs remain a significant barrier to scaling.

Orban attend des garanties énergétiques lors de sa rencontre avec Trump à Washington

Le Premier ministre hongrois se rendra à Washington pour discuter avec Donald Trump des sanctions américaines contre le pétrole russe, dans un contexte de guerre en Ukraine et de dépendance persistante de la Hongrie aux hydrocarbures russes.
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Heat deliveries via networks reach 32.3 TWh in 2024, a record for the sector

With a 9.3% increase in one year, district heating networks cross a historic threshold, while cooling networks continue expanding in response to intensifying heatwaves.

TotalEnergies requests ten more years and $4.5 billion for its Mozambique project

TotalEnergies is asking Mozambique for a licence extension and financial compensation to restart its $20 billion gas project suspended since 2021 following an armed attack.

Galp Energia posts 53% quarterly profit surge driven by gas and refining

Portugal’s Galp Energia reported an adjusted net profit of €407 million in Q3, driven by higher refining margins and strong contribution from liquefied natural gas.
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Why lithium-ion battery technology maintains such dominance

Despite the emergence of new storage technologies, lithium-ion batteries retain a dominant position thanks to industrial leadership, improved performance and a high geographic concentration of production capacity.

Air Liquide acquires NovaAir to expand its industrial network in India

Air Liquide signs agreement to acquire NovaAir, strengthening its presence in India’s industrial gas market by expanding its national footprint.

Azule Energy confirms gas condensate discovery at Volans-1X well in Namibia

The Volans-1X exploration well revealed a 26-metre productive zone in the Orange Basin, marking another hydrocarbon find for Azule Energy partners in 2025.

Spain burns more gas after its blackout

Increased reliance on combined-cycle plants after the April 28 blackout pushed gas use for electricity up by about 37%, bringing total demand to 267.6 TWh and strengthening flows to France.

EDF appoints Intesa and Lazard to review future of Italian subsidiary Edison

EDF has selected Intesa Sanpaolo and Lazard to explore strategic options for Edison, its Italian subsidiary, as part of a broader asset review under its new chief executive officer.
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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.

TotalEnergies sells GreenFlex to Oteis to refocus on energy operations

TotalEnergies has signed an agreement to sell its subsidiary GreenFlex to engineering group Oteis, marking a step in its strategy to concentrate on energy production and supply.

Oxford Energy Institute Data Confirms the Dominance of Contrarian Strategies in Oil Trading

The Oxford Energy Institute study shows that signals from weekly positions and the Brent/WTI curve now favor contrarian strategies, in a market constrained by regulation and logistics affected by international sanctions. —
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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.

France: MPs block tax hike on biofuels in committee

MPs rejected in the Finance Committee the removal of tax benefits on B100 and Superethanol-E85 proposed in the 2026 budget bill, deferring the measure to the plenary debate.

National Fuel acquires CenterPoint’s Ohio gas assets for $2.62bn

National Fuel Gas Company acquires CenterPoint Energy’s natural gas distribution business in Ohio, doubling the size of its regulated portfolio and expanding its footprint in the US Midwest.
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PermRock Royalty Trust maintains $384,000 distribution despite price pressure

PermRock Royalty Trust announces a $384,018 distribution to its unitholders, supported by higher production volumes despite a significant drop in oil prices and increased operating expenses.

Recurrent Energy secures $825mn financing for two Arizona energy projects

Recurrent Energy, a subsidiary of Canadian Solar, secured $825mn to develop a 150 MWac solar plant and a 600 MWh storage site in Maricopa County, in partnership with Arizona Public Service.

Bimergen Energy appoints two co-CEOs to lead energy storage expansion

US-based battery storage developer Bimergen Energy has appointed Cole Johnson and Robert Brilon as co-CEOs to execute a large-scale industrial plan backed by $250 mn in recent funding.
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Arcwood Environmental strengthens its industrial presence with the acquisition of ERG Environmental

The acquisition of U.S.-based ERG Environmental enables Arcwood to expand its footprint in the Great Lakes region and broaden its services to industrial and municipal sectors.

Q ENERGY surpasses 1 GW in repowering projects through public-private agreement

With a 300 MW partnership signed with Nadara, Q ENERGY exceeds 1 GW of wind repowering projects in France, reinforcing its position in a market driven by public investment dynamics.

Elmy secures €3.5mn from Caisse d’Epargne Rhône Alpes for 13 solar plants

French energy company elmy finalises a €3.5mn bank loan with Caisse d’Epargne Rhône Alpes to fund 13 new photovoltaic plants with a combined capacity of 3.6 MWp.
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North American LNG export capacity to reach 28.7 Bcf/d by 2029

The United States, Canada and Mexico together plan a 151% increase in liquefied natural gas export capacity, representing more than half of expected global additions by 2029.

Trump reignites regulatory debate over oil in California

In Taft, a historic stronghold of black gold, Donald Trump's return to the presidency reopens the issue of California's restrictions on oil production and fuels renewed optimism among industry stakeholders.

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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The United States keeps 50% duties if India buys Russian crude

Washington ties the removal of additional duties to a verifiable decline in India’s imports of Russian crude, while New Delhi cites already-committed orders and supply stability for the domestic market.

CMA CGM orders six LNG container ships from India’s Cochin Shipyard

CMA CGM becomes the first international container shipping company to commission LNG-powered ships from an Indian shipyard, all to be registered under the Indian flag.