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Iraq demands foreign companies in Kurdistan hand over their crude oil
Baghdad states that all international companies operating in Kurdistan’s oil fields must transfer their production to state marketer SOMO, under the agreement signed with Erbil in September.
BW Ideol secures up to €74mn for concrete floater plant in Fos-sur-Mer
The European Commission has selected BW Ideol’s Fos3F project for a grant of up to €74mn, targeting the construction of a concrete floater plant for floating wind turbines at the industrial site of Fos-sur-Mer.

Venture Global signs 20-year deal to supply LNG to the Balkans via Greece

Venture Global has signed a liquefied natural gas sales agreement with Atlantic-See LNG Trade S.A., a newly formed Greek joint venture, to supply 0.5 million tonnes annually starting in 2030, reinforcing regional energy security.
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ExxonMobil takes 60% stake in gas exploration permit in Greece’s Ionian Sea
ExxonMobil joins a Greek energy consortium to explore a gas field in the Ionian Sea, strengthening its presence in the Eastern Mediterranean after Chevron, amid post-Russian energy diversification efforts.
Expro deploys its ELITE Composition™ service on offshore well in Cyprus
Expro delivered its new on-site fluid analysis service for a major oil operator in Cyprus, cutting turnaround times from several months to just hours during an exploration drilling campaign in the Eastern Mediterranean.

The $400 Million Israel-Cyprus Gas Pipeline Awaits Government Approvals

A $400 million natural gas pipeline connecting Israel to Cyprus, with a capacity of 1 billion cubic meters per year, is awaiting government approvals, according to Energean’s CEO.
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Le TAP augmente ses nominations de gaz aux interconnexions européennes clés
Les nominations du Trans Adriatic Pipeline progressent à Melendugno, Nea Mesimvria et Komotini, signalant davantage d’offre pipeline et une flexibilité accrue pour les expéditeurs face aux arbitrages avec le gaz naturel liquéfié.
The UN validates an Article 6.4 methodology for landfill methane
The Paris Agreement Crediting Mechanism formalizes a landfill-methane methodology, imposes an investment-based additionality test, and governs issuance of traceable units via a central registry, with host-country authorizations and corresponding adjustments required.

Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure

Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —
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Baghdad in talks over OPEC quota despite exports at 3.6 million barrels
Iraq is negotiating a potential revision of its OPEC production limit while maintaining exports at around 3.6 million barrels per day despite significantly higher capacity.
Chevron and Helleniq Energy secure four offshore exploration permits in Greece
The Greek government has selected a consortium led by Chevron to explore hydrocarbons in four maritime zones in the Ionian Sea and south of Crete, with geophysical surveys scheduled to begin in 2026.

Baker Hughes reports $8.2bn in orders in Q3 despite net income decline

Baker Hughes recorded a 23% increase in orders in Q3 2025, driven by its gas segment, while net income fell 20% year-on-year to $609mn.
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Kuwait signs $489mn deal with Kuzu for wastewater treatment plant
Kuwait’s Ministry of Public Works has signed an agreement with Turkish company Kuzu to build a wastewater treatment plant for the upcoming Al Mutlaa city in the north of the country.
EU bans co-processing to block imports of Russian oil products
The European Commission imposes new rules requiring proof of refined crude origin and excludes the use of mass-balancing to circumvent the Russian oil ban.

UK sanctions Rosneft, Lukoil and 51 vessels linked to Russian oil exports

The United Kingdom targets two Russian oil majors, Asian ports and dozens of vessels in a new wave of sanctions aimed at disrupting Moscow's hydrocarbon exports.
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Valeura revives deep gas in Turkey through strategic partnership
Valeura Energy partners with Transatlantic Petroleum to restart gas exploration in the Thrace basin, with testing and drilling planned this quarter in deep formations.
Faria Renewables acquiert deux parcs éoliens pour un total de 30,8 MW en Grèce
Faria Renewables a finalisé l’acquisition de deux projets éoliens d’une capacité cumulée de 30,8 MW, consolidant son portefeuille d’actifs en Grèce et poursuivant son expansion stratégique sur le marché national.

Project InnerSpace unveils GeoMap in the Middle East with 14,000 GW geothermal potential

The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.
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Russian crude exports hit 18-month high despite sanctions pressure
Russian seaborne crude shipments surged in September to their highest level since April 2024, despite G7 sanctions and repeated drone strikes on refinery infrastructure.
Iraq resumes oil exports from Kurdistan after two-year suspension
Baghdad has restarted crude shipments from Kurdistan via the pipeline to Turkey, following a two-year halt linked to legal and contractual disputes involving international firms operating in the region.
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T1 Energy launches construction of 2.1GW solar cell plant in Texas
Holtec and MVM join forces to deploy small nuclear reactors in Hungary
Primary Hydrogen targets Q1 2026 permit for its Wicheeda North project
Ocean Winds launches its first offshore measurement campaign for the High Sea Wind project
Tokyu invests in 800 low-voltage solar plants through strategic partnership
Masdar boosts its capacity to 51GW through strategic acquisitions.
Masdar, supported by the United Arab Emirates, increased its energy capacity to 51GW in 2024, strengthening its global strategy through targeted acquisitions and key projects.
Russia accuses Ukraine of targeting TurkStream with nine drones
Russia reports that nine Ukrainian drones targeted a TurkStream pipeline station, without disrupting deliveries to Europe. This incident highlights the geopolitical stakes of energy infrastructure.

The Development of Strategic Electric Interconnections

Electric interconnections have reshaped global energy systems, enabling cross-border cooperation and economic stability. Rooted in Oxford Energy Institute research, this piece highlights key agreements, technological milestones, and the diplomatic strategies driving these transformative infrastructures.
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Turkey Provides 58 GW of Electricity to Northern Syria in 2024
Turkey Provides 58 GW of Electricity to Northern Syria in 2024
Turkey Deploys Energy Mission to Rebuild Syria
Turkey sends a delegation to Damascus to assess energy infrastructure and accelerate Syria's reconstruction after the fall of Bashar al-Assad.

Ukraine Receives Its First Shipment of American LNG

Ukraine, in its quest for energy independence from Russia, has received its first shipment of liquefied natural gas (LNG) from the United States. This marks a significant milestone in securing its energy supply.
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Kenya: 40% of Global Growth in Geothermal Energy in Ten Years
With 40% of the global growth in geothermal capacity over ten years, Kenya emerges as a key player thanks to its ambitious renewable energy projects.
US Sanctions Prompt 33% Increase in Turkey’s LNG Imports
Sanctions against Gazprombank drive Turkey to boost LNG imports. December sees a 33% rise, highlighting a strategic move to secure energy supply for winter.

The IEA predicts 800 GW of geothermal installations by 2050

Geothermal energy could meet 15% of the global electricity demand by 2050, according to the International Energy Agency. This potential relies on cost reductions and increased technological adoption.
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PPC Group invests in two photovoltaic plants in Italy to strengthen its presence in Southeast Europe
PPC Group enters the Italian renewable energy market with two solar plants totaling 32 MW, continuing its expansion in interconnected Southeast European countries.
Argus Introduces First Daily Price Indices for Greek Natural Gas
Argus Media revolutionizes the energy market by launching daily price indices for Greek natural gas, providing unprecedented transparency in a context of growing volatility in Europe.

Israel Launches Its First Wave Energy Power Plant, a First in the Middle East

Israel’s first wave energy power plant, now connected to the national grid, marks a milestone in renewable energy innovation in the Middle East and demonstrates the country's commitment to sustainable energy solutions.
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Egypt: Increase in Fuel Oil Imports Amid High LNG Prices
Egypt is turning to fuel oil to meet its energy needs as liquefied natural gas (LNG) prices remain high. This optimization strategy reflects changes in domestic demand and global economic constraints.
Fall of the Assad Regime: Limited Impacts on the Global Oil Market
The fall of Bashar al-Assad's regime in Syria marks a regional political shift, but its impact on the oil market remains minimal due to the country’s drastically reduced production and exports since 2011.

France and the Netherlands: Priority Destinations for U.S. LNG in November

In November, Europe received more than half of U.S. LNG shipments, a strategic shift driven by winter needs and the competitiveness of American volumes in a challenging global energy landscape.
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Accusations in Kosovo: Explosion on Vital Canal Fuels Tensions with Serbia
An explosion targeting a strategic canal in Kosovo has heightened tensions with Serbia, accused of orchestrating the attack. Belgrade denies these allegations, while investigations intensify in an already unstable climate.
Masdar completes strategic acquisition of TERNA ENERGY to accelerate growth in Europe
Masdar strengthens its global energy portfolio with the acquisition of 70% of TERNA ENERGY, marking a key step in the strategic transfer of assets for Europe’s energy transition.

Turkey negotiates a U.S. waiver to pay for Russian gas through Gazprombank

Turkey seeks a waiver from U.S. sanctions to continue paying for its gas imports via Gazprombank, which is critical to its energy security, according to Turkish Energy Minister Alparslan Bayraktar.
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Canada Faces Climate Challenges: Hydropower Under Pressure
Climate change weakens Canadian hydropower, a key energy source, with prolonged droughts and sudden floods threatening infrastructure and production, experts and recent reports warn.
Turkish miners in protest: 500 workers occupy a coal mine against privatization
In Ankara Province, Turkey, 500 miners occupy a coal mine to protest a privatization project, fearing job losses and worsening working conditions.
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