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Egypt

ReNew receives revised $8.15 per share bid led by Masdar and ADIA
A consortium led by Masdar and CPP Investments proposes to acquire all of ReNew at $8.15 per share, representing a 15.3% increase over the initial offer.
Trump reignites tensions over India’s imports of Russian oil
India faces mounting pressure from the United States over its purchases of Russian oil, as Donald Trump claims Prime Minister Narendra Modi pledged to halt them.

Santos cuts 2025 production forecast again due to technical issue

Australian group Santos lowers its annual production forecast after an unplanned shutdown at the Barossa project and delayed recovery in the Cooper Basin.
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BP launches five-well offshore gas drilling campaign in Egypt
BP has awarded Valaris a $140mn drilling contract for a Mediterranean offshore campaign aimed at reinforcing Egypt’s declining gas output since 2021.
Egypt to drill 480 new oil and gas wells by 2030
Egypt’s petroleum ministry will launch 480 exploration wells by 2030 with investments exceeding $5.7bn, aiming to revive production and reduce reliance on imports.

Empower New Energy signs major industrial solar deal in Tunisia

Norwegian developer Empower New Energy expands in North Africa with a strategic partnership involving ten industrial solar sites for self-consumption in Tunisia.
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Unipec redirects supertanker to Ningbo after US sanctions
The New Vista vessel, loaded with Abu Dhabi crude, avoided Rizhao port after the United States sanctioned the oil terminal partly operated by a Sinopec subsidiary.
Washington targets Iranian oil with new sanctions on phantom fleet
The US Treasury Department has imposed sanctions on more than 50 entities linked to Iranian oil exports, targeting Chinese refineries and vessels registered in Asia and Africa.

Engie and Masdar secure 1.5 GW solar project in Abu Dhabi

The consortium led by Engie and Masdar has been selected to develop a 1.5 GW photovoltaic plant in Abu Dhabi, aimed at expanding the emirate’s solar capacity under its long-term energy strategy.
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GVH and Samsung C&T seal global alliance for BWRX-300 reactors
GVH and Samsung C&T join forces to accelerate international deployment of BWRX-300 small modular reactors, with a strong focus on Sweden and the consolidation of the nuclear supply chain.
DEWA signs multiple partnerships to deploy 308 new fast-charging stations in Dubai
Dubai's electricity authority strengthens its electric vehicle charging network through three major contracts with ENOC, Dubai Taxi and Parkin under its EV Green Charger programme.

QatarEnergy acquires 27% stake in Egypt’s offshore North Cleopatra block

QatarEnergy continues its international expansion by acquiring 27% of the offshore North Cleopatra block from Shell, amid Egypt’s strategic push to revive gas exploration in the Eastern Mediterranean.
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Opec+ raises production by 137,000 barrels per day in November
Opec+ slightly adjusts its quotas for November, continuing its market share recovery strategy amid stagnant global demand and a pressured market.
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.

KKR strengthens Middle East presence with stake in ADNOC gas pipelines

US-based fund KKR has acquired a minority interest in the gas pipeline assets of Abu Dhabi oil operator ADNOC, continuing its strategy to expand energy infrastructure investments in the Middle East.
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GSU met en service 50 MW solaires avec stockage à N’Djamena
Global South Utilities, filiale de Resources Investment LTD, inaugure à N’Djamena la centrale Noor Chad de 50 MW avec 5 MWh de stockage, dimensionnée pour alimenter des centaines de milliers de foyers et exploitée directement par l’entreprise.
U.S. oil drilling rebounds amid global tensions
The number of active drilling rigs in the United States rose for the fourth consecutive week, supported by higher crude prices and OPEC+’s difficulties in meeting production targets.

Egypt invests in domestic gas despite rising LNG imports

The Egyptian government is accelerating the deployment of its gas network and the conversion of vehicles to CNG, strengthening infrastructure despite a decline in domestic production.
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Sempra sells 45% of infrastructure subsidiary for $10bn and refocuses on utilities
Sempra divests a majority stake in Sempra Infrastructure Partners to a consortium led by KKR for $10bn, valuing the entity at $31.7bn, while launching phase 2 of the Port Arthur LNG terminal for $14bn.
EBRD coordinates $74.1mn financing for a 200 MW wind farm in Egypt
The European Bank for Reconstruction and Development leads an international financing structure to support the construction of a wind farm in Ras Ghareb, as part of Egypt’s national energy strategy.
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EDF commissions solar plant and smart grid in Maripasoula
EDP deploys 10 MWc solar park in Italy combined with livestock activity
French government plans to end tax benefits on B100 and E85 biofuels
The Renewables Infrastructure Group signs 10-year agreement with Virgin Media O2
Aura Power secures financing for 30MW Rayleigh solar farm
OPEC+ and the Potential Iranian Oil Shock: Geopolitical Capacities and Vulnerabilities
The escalation of tensions between Israel and Iran threatens the stability of the global oil market. OPEC+ must assess its capacities in the face of a possible supply shock.
US Exim Bank grants USD98 million for Romania’s first NuScale SMR project
The US Exim Bank has approved a USD98 million loan to support pre-project services for the NuScale small modular reactor (SMR) in Romania, aiming for a 462 MWe capacity at the former Doicești coal plant.

The Alexandroupolis LNG Terminal Redefines Energy Security in Europe

The new Alexandroupolis LNG terminal in Greece strengthens energy diversification in Eastern Europe, thereby reducing regional dependence on Russian gas and increasing supply security.
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Masdar strengthens its presence in the United States by acquiring Terra-Gen
Masdar acquires 50% of Terra-Gen, one of the leading renewable energy producers in the United States. This strategic transaction aims to triple Masdar’s global production capacity by 2030.
Adnoc acquires Covestro for 12 billion euros as part of its diversification strategy
Adnoc, the national oil company of the United Arab Emirates, announces the acquisition of Covestro, a German chemical giant, for 12 billion euros. This acquisition is part of its strategy to diversify its activities and strengthen its presence in Europe.

Attacks on Yemen’s Oil Infrastructure: Rising Risks for Global Energy Supply

The ports of Hodeidah and Ras Isa in Yemen have been hit by Israeli airstrikes, disrupting regional maritime transport and exacerbating geopolitical tensions in a key area for global oil supply.
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India Struggles to Attract Foreign Investors in Its Upstream Oil Sector
The latest auction of oil blocks in India has sparked significant interest among local private players, but the persistent absence of international companies highlights ongoing doubts about the real opportunities in exploration.
COP29: Azerbaijan Leads Negotiations to Turn the Emirati Consensus into Concrete Climate Actions
The presidency of COP29 in Baku, led by Azerbaijan, is focused on transforming the commitments made during COP28 into actionable goals, with a strong emphasis on climate finance, energy transition, and multilateral cooperation to strengthen global decarbonization.

Masdar strengthens its position in Iberia with major renewable energy acquisitions

Masdar, owned by the Abu Dhabi National Oil Company (ADNOC), the sovereign wealth fund Mubadala Investment Company, and energy company TAQA, is actively expanding its presence in the renewable energy sector across Europe. The group recently acquired the Spanish firm Saeta Yield from Brookfield Renewable for $1.4 billion. This transaction includes 745 MW of operational wind and solar assets spread across Spain and Portugal, as well as a 1.6 GW development pipeline scheduled for commissioning by 2030.
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ExxonMobil secures 20-year access to new Guangdong LNG terminal
Guangdong LNG terminal begins commercial operations. ExxonMobil gains access to 1.8 million tons per year under a 20-year agreement with Guangdong Energy Group, marking a strategic milestone for its energy supply in China.
Sultan Al Jaber calls for ambitious NDCs before COP29
COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.

BRICS accelerate energy exchanges and de-dollarization

BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
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Kazakhstan boosts Tengiz while consolidating ties with OPEC+.
Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025. The Kazakh authorities are closely monitoring market developments to adjust their strategy.
Emirates: Gulf Navigation strengthens its oil capacity in Fujairah with Brooge
Gulf Navigation approves major acquisition to expand storage capacity in Fujairah. The transaction includes the raising of $122 million in shares, pending shareholder approval.

Masdar acquires Saeta for USD 1.4 billion and strengthens its presence in Europe

Masdar announces the acquisition of Saeta for USD 1.4 billion, including 745 MW of wind power assets and 1.6 GW of projects under development. This transaction strengthens Masdar's position in the Iberian market.
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Private sector urges UN to triple renewable energies by 2030
Energy companies are calling on governments to meet their COP28 commitments to triple the world's renewable energy capacity by 2030.
Agnès Pannier-Runacher: Central figure in French energy strategy
Agnès Pannier-Runacher, now head of the French Ministry of Ecology and Energy, plays a key role in implementing the national energy strategy, while defending the interests of French nuclear power at European level.

Westinghouse and EDF maintain their objections to the KHNP nuclear project

KHNP has won the tender to build two reactors in the Czech Republic, but appeals from Westinghouse and EDF are calling into question the finalization of the project.
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L’Égypte prévoit de rétablir la production de gaz naturel d’ici l’été 2025
The Egyptian government is implementing measures to restore natural gas production and secure energy supplies by offsetting overdue payments to companies in the sector.
Strengthened nuclear relations between South Korea and the Czech Republic
South Korean President Yoon Suk-yeol's visit to the Czech Republic marks a turning point in bilateral nuclear relations. The visit highlights an ambitious nuclear reactor project that promises to transform Europe's energy landscape.
Yoon suk-yeol and Petr Pavel
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