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Empower delivers solar power plant for L’Oréal Egypt and secures regional foothold
Empower New Energy commissions a solar power plant in Egypt for L’Oréal, completing a direct investment structured without debt and strengthening its market entry strategy in the African industrial sector.
GIP Acquires 49.99% Stake in Eni CCUS Holding in Strategic Carbon Deal
Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.

TCL SunPower Global partners with Energia Italia to strengthen its network in Italy

TCL SunPower Global entrusts the distribution of its solar panels to Energia Italia, thereby consolidating its presence in the Italian market within a context of strategic restructuring.
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Iran cuts 1.4 GW to Iraq, Baghdad speeds up regional interconnections
The suspension of 1,400 MW of electricity supplied by Iran to Iraq puts pressure on the Iraqi grid, while Tehran records a record 77 GW demand and must balance domestic consumption with regional obligations.
Bonatti Secures the Key Contract for Pacifico Mexinol Project Infrastructure
Transition Industries assigns Bonatti to build core infrastructure for Pacifico Mexinol, a strategic methanol complex in Mexico poised to become a major global player.

Karpowership and Seatrium Partner to Deploy Floating LNG Power Plants

Karpowership and Seatrium formalize a strategic partnership to convert floating LNG units, strengthening their joint offering in emerging mobile electricity markets.
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Iraq and Syria Revive Kirkuk-Baniyas Pipeline to Bypass Traditional Routes
Baghdad and Damascus intensify discussions to reactivate the 850 km pipeline closed since 2003, offering a Mediterranean alternative amid regional tensions and export blockages.
Google partners with Energy Dome for major energy storage project in Oman
Google invests in Italy’s Energy Dome to deploy in Oman a long-duration CO₂-based storage solution, in partnership with Takhzeen Oman and the sovereign wealth fund Oman Investment Authority.

Armenia and Azerbaijan Sign TRIPP Corridor Agreement Under American Auspices

The two countries end 37 years of conflict with a 43-kilometer corridor under American control for 99 years. The infrastructure will transport 50 million tons of goods annually by 2030.
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Quercus and Elionia secure €76 mn for three biomethane plants in Italy
Quercus Real Assets and Elionia finalise a €76 mn bank financing to build three biomethane plants in Italy, with 50% of the debt guaranteed by SACE.
Vaalco Energy posts net income of $8.4 mn in second quarter 2025
The US oil company recorded sales and production above its forecasts, despite lower crude prices and reduced profit compared to 2024.

The Black Sea Defies Financial Obstacles to Become Europe’s Gas Hub

Giant discoveries are transforming the Black Sea into an alternative to Russian gas, despite colossal technical challenges related to hydrogen sulfide and Ukrainian geopolitical tensions.
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ISRAEL: NewMed Energy signs historic $35bn gas deal with Egypt through 2040
The Israeli group NewMed Energy has signed a natural gas export contract worth $35bn with Egypt, covering 130bn cubic metres to be delivered by 2040.
Kazakhstan ships 85,000 tonnes of crude oil to Hungary via Croatia for the first time
KazMunayGas has completed its first delivery of 85,000 tonnes of crude oil to Hungary, using maritime transport through the Croatian port of Omisalj as part of a broader export strategy to the European Union.

EU suspends 93 billion euros in tariffs against Washington

Brussels freezes its retaliatory measures for six months as July 27 deal imposes 15% duties on European exports.
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ERG commissions a 47 MW wind farm in Northern Ireland
ERG launches a new 47.3 MW wind farm in Corlacky, featuring eleven turbines, bringing its installed capacity in the United Kingdom to 340 MW and confirming its investment strategy.
Audax Renovables invests EUR17mn in a 21.88 MWp photovoltaic plant in Spain
Audax Renovables commits EUR17mn to a 21.88 MWp solar plant in Navalmoral de la Mata, targeting annual output of 42 GWh, backed by structured financing from the European Investment Bank.

Saudi Aramco and Sonatrach cut LPG prices by 5 to 10% for August

Saudi Aramco and Sonatrach have announced a reduction in their official selling prices for liquefied petroleum gas in August, reflecting changes in global supply and weaker demand on international markets.
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A2A signs 15-year agreement with ERG for 2.7 TWh of wind energy in Italy
A2A and ERG have concluded a fifteen-year power purchase agreement for 2.7 terawatt-hours, consolidating wind energy supply and price stability for Italian businesses and households.
Iran and Iraq struggle to finalize gas agreement despite advanced negotiations
Discussions between Tehran and Baghdad on export volumes and an $11 billion debt reveal the complexities of energy dependence under U.S. sanctions.
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Occidental and Algeria Launch Two Studies to Assess New Oil and Gas Fields
Washington strengthens ties with Pakistan over minerals and hydrocarbons
RWE posts €2.1bn adjusted EBITDA in H1 2025 despite adverse wind conditions
Moscow develops Arctic turbines for the Northern Sea Route
Acen Australia files federal application for 1,760MWh battery in Queensland
Geothermal investment jumps 85% driven by new technologies
North America registers record funding of $1.7 billion in the first quarter of 2025, driven by emerging innovative techniques exploiting previously inaccessible geothermal resources, according to recent analysis by Wood Mackenzie.
Natural hydrogen: France on the verge of redefining its national and European energy strategy
The official confirmation in June 2025 by the French government regarding the detection of significant natural hydrogen reserves in Lorraine, the Pyrenees, and Aquitaine could represent a major strategic turning point for national and European energy sovereignty. However, the technical, economic, and environmental challenges associated with its exploitation might slow its large-scale implementation.

The climate crisis intensifies economic risks linked to extreme weather events

Prolonged heatwaves and environmental disasters are intensifying, leading to significant financial impacts in the energy, agriculture, and real estate sectors, according to the latest UN and IEA reports.
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Turkey’s Eren Energi seeks 375,000 tonnes of thermal coal before December
Turkish power producer Eren Energi Elektrik Uretim has launched a tender to buy 375,000 tonnes of thermal coal to be delivered in five shipments starting from August 2025, according to a document seen by Platts on June 27.
Eni launches its first agri-hub for industrial-scale vegetable oil production in Congo
Eni has inaugurated its first vegetable oil extraction plant in Loudima, Republic of the Congo, marking the country's entry into the global biofuel supply chain for the transport industry.

Pronur launches operations in Saudi Arabia to strengthen renewable energy solutions

Italian group Pronur establishes itself in Saudi Arabia with support from AstroLabs, aiming to provide advanced technologies in the renewable energy sector and develop new industrial partnerships.
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Egypt strengthens energy cooperation with six Chinese groups at Shanghai summit
Egypt’s Electricity Minister engages in new talks with Envision Group, Windey, LONGi, China Energy, PowerChina, and ToNGWEI to boost local industry and attract investments in renewable energy.
Ardian acquires 117 solar power plants in Italy to strengthen its energy platform
Ardian Clean Energy Evergreen Fund takes control of 117 photovoltaic plants totalling 116 MW in Italy, further consolidating its presence in the country’s renewable energy sector.

Orlen ends Russian oil purchases for Czech refinery after contract expiry

Orlen announces the definitive halt of its Russian oil purchases for the Czech Republic, marking the end of deliveries by Rosneft following the contract expiry, amid evolving logistics and diversification of regional supply sources.
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Egypt launches $200mn industrial solar complex at Ain Sokhna
Egypt has been building an industrial photovoltaic solar complex in Ain Sokhna since June 19, aiming to stimulate strategic local production with a total investment of $200 million funded by the Chinese group Sunrev.
France: EDF and Marcegaglia conclude a ten-year electricity agreement in Fos-sur-Mer
EDF and Italy’s Marcegaglia signed a letter of intent for a ten-year nuclear electricity supply contract, covering half of the energy needs for the future industrial site in Fos-sur-Mer starting from 2029.

Globeleq launches South Africa’s largest energy storage facility

Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
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Plenitude and Modine launch 1.585 MWp solar power plant in Italy
Plenitude and Modine have signed an agreement to build a photovoltaic plant with an installed capacity of 1.585 MWp in Pocenia, designed to power thermal and refrigeration equipment at Modine’s Italian industrial site, without initial investment.
Ignis Energy secures $13.6mn to accelerate global geothermal projects
Ignis Energy closes its $13.6mn Series A funding round, gathering international players to finance geothermal projects in the United States and Türkiye, now entering the technical maturity phase.

World Bank resumes nuclear financing after decades of absence

After several decades without funding nuclear projects, the World Bank has formed a strategic partnership with the IAEA to provide technical and financial support to countries integrating nuclear energy into their energy strategies.
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Sasol and Akuo sign major solar energy supply agreement
Sasol International Chemicals concludes a virtual contract with Akuo to supply half of the electrical needs for its Lake Charles industrial complex in the United States, via a solar plant scheduled for 2026.
Ares Management acquires 20% of Plenitude’s capital for 2 billion euros
The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.

UK invests £2.5 billion to lead global nuclear fusion sector

With a major investment of £2.5 billion, London confirms its ambitious nuclear fusion strategy through the STEP project, aiming to build an industrial prototype by 2040 that will generate jobs, innovation, and economic growth.
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Eni, BP and TotalEnergies partially evacuate Iraq; Lukoil maintains operations
Following US strikes in Iran, international energy companies partially evacuate their teams from Iraq as a precaution, while Lukoil maintains its entire personnel on southern oilfields.
New European Battery Regulation Disrupts Europe’s Industrial Sector
The European battery regulation, fully effective from August 18, significantly alters industrial requirements related to electric cars and bicycles, imposing strict rules on recycling, supply chains, and transparency for companies.
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