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EDF, SPIC and SAPCO consortium secures financing for 1,400 MW solar projects in Saudi Arabia
Two photovoltaic plants with a combined capacity of 1,400 MW will be operational in 2027, strengthening EDF Group's international presence and Asian actors in Saudi Arabia's energy market.
SLB launches Tela, an agentic artificial intelligence for upstream oil operations
SLB has unveiled Tela, an agentic artificial intelligence technology designed to automate upstream processes and enhance operational efficiency at scale.

TAG Oil secures three-year extension to evaluate BED-1 oil field in Egypt

TAG Oil extends the BED-1 evaluation period until October 2028, committing to drill two new wells before deciding on full-scale development of the Abu Roash F reservoir.
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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.
ADNOC, Microsoft, Masdar and XRG lock energy and AI loads
The partnership combines industrial AI tools, continuous power supplies, and investment vehicles, with volumes and metrics aligned to the demands of high-density data centers and operational optimization in oil and gas production.

Dragon Oil and PETRONAS Forge Strategic Oil Exploration Agreement

Dragon Oil, a subsidiary of Emirates National Oil Company, partners with PETRONAS to enhance technical and commercial cooperation in oil and gas exploration and production.
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Lukoil sells its African oil assets to Gunvor under pressure from US sanctions
Swiss trader Gunvor will acquire Lukoil’s African stakes as the Russian company retreats in response to new US sanctions targeting its overseas operations.
Scatec cuts debt by 27% and reaches record 3,392 MW in projects
Scatec strengthened growth in the third quarter of 2025 with a significant debt reduction, a rising backlog and continued expansion in emerging markets.

QatarEnergy acquires 40% of North Rafah offshore block in Egypt alongside Eni

QatarEnergy has acquired a 40% stake in the North Rafah offshore exploration block, located off Egypt’s Mediterranean coast, strengthening its presence in the region in partnership with Italian group Eni.
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First El Dabaa nuclear reactor receives 330-tonne pressure vessel
The reactor vessel for Unit 1 at Egypt’s El Dabaa nuclear plant has been delivered following a 20-day maritime transport from Saint Petersburg, marking a critical milestone in the country’s energy project.
UAE launches $6bn project for 1GW of continuous renewable energy
Abu Dhabi has begun construction on the world’s first gigascale solar and battery storage project, capable of delivering 1GW of baseload renewable power, with operations expected by 2027.

Eni raises 2025 targets after 54% surge in quarterly net profit

Eni's net profit rose to €803mn in the third quarter, supported by a 6% increase in production despite falling crude prices.
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Single-axis solar reaches $37/MWh in Middle East and Africa in 2025
The levelised cost of solar electricity continues to fall globally, reaching a regional record of $37/MWh in the Middle East and Africa thanks to tracker technologies, according to the latest market data.
Egypt seeks to attract Japanese manufacturers to Suez Canal zone
During his visit to Tokyo, the SCZONE chairman presented industrial and logistics projects aimed at establishing the Suez Canal as a regional hub for alternative fuels and supply chains.

VoltaGrid and Halliburton join forces to deliver distributed power to data centres

VoltaGrid and Halliburton launch a strategic collaboration to deploy distributed power systems for data centres, with an initial rollout planned in the Middle East.
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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.
Jordan: exporting its electricity via Syria, operational levers and constraints
Jordan can export electricity if three conditions align: fuel availability for its power plants, measurable system surplus, and a functional transit framework via Syria to Lebanon with clear metering and settlement rules.

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.
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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.
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AfDB grants $7.41mn to Liberia to complete hydroelectric power plant
South Korea under pressure from the IEA to liberalise its electricity market
Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil
KEPCO and ENEC strengthen alliance on nuclear and artificial intelligence
Iberdrola sells 757 MW of French onshore assets to Technique Solaire
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.
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.
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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.
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.
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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.
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.
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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.
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.
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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.
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.
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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.
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.
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Strategic agreement between IOC and ADNOC for 1 million tonnes of LNG per year
Indian Oil Corporation has signed a major agreement with ADNOC for 1 million tonnes of LNG per year for 15 years. This commitment strengthens the energy relationship between India and the Emirates, while meeting the growing demand for LNG in India.
LNG Ruwais project
Egypt strengthens its position in the global LNG market
Egypt strengthens its position in the global LNG market by awarding a tender for 20 cargoes, despite price fluctuations and increased competition. This decision raises strategic issues for future supply.
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