India

China’s crude oil imports rise 3.9% in September

China imported an average of 11.5 million barrels of crude oil per day in September, supported by higher refining rates among both state-run and independent operators.

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.

IsoEnergy acquires Toro Energy for $49mn, creating global uranium platform

Canada’s IsoEnergy will acquire Australia’s Toro Energy for AUD75mn ($49mn), creating a diversified uranium production platform with assets across Australia, Canada and the United States.
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India invests $77 billion in large-scale hydroelectric plan amid China tensions

New Delhi plans to allocate INR6.4tn ($77bn) to develop transmission infrastructure for 76 GW of electricity from the Brahmaputra Basin by 2047, amid growing cross-border pressures.

JP Morgan Chase commits $1.5 trillion to critical minerals and industrial resilience

JP Morgan Chase has launched a $1.5 trillion, ten-year investment initiative targeting critical minerals, defence technologies and strategic supply chains across the United States.

Idemitsu launches its first 15MW grid battery on former oil site

Idemitsu Kosan has commissioned a 15MW/48MWh energy storage facility in Himeji, marking the start of its deployment in grid-scale storage with Japanese public funding.
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Eolian and Natixis close $463mn financing for largest storage project in Texas

The Padua Complex will deliver 400 MW/1.8 GWh capacity with Tesla's support, at a strategic node of the Texas grid, following legislative action to strengthen energy reliability.

Salt River Project launches 50 MWh storage pilot with ESS in Arizona

Salt River Project will partner with ESS to install a 50 MWh long-duration energy storage system in Pinal County as part of its capacity expansion plan to meet rising demand.

Croatia targets Russian stake in NIS to maintain oil flows

JANAF is interested in acquiring a 20 to 25% stake in NIS, as the Russian-owned share is now subject to US sanctions.
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RWE commissions new 12.9 MW wind farm in Rhineland-Palatinate

RWE has completed construction of the Kail wind farm, comprising three turbines totalling 12.9 MW, marking its first commissioning in Rhineland-Palatinate.

Australia loses Asian markets for seaborne thermal coal

Falling Chinese imports and Asia’s regional pivot increase pressure on Australian thermal coal exporters.

Venture Global sinks 20% after legal defeat to BP over LNG contract dispute

US LNG producer Venture Global saw its market value drop sharply after an arbitral ruling in favour of BP reignited concerns over ongoing contractual disputes tied to the Calcasieu Pass project.
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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.

Namibia and McDermott join forces to train future oil workforce

The Namibian government signed an agreement with McDermott to strengthen local skills in offshore engineering and operations, aiming to increase oil sector local content to 15% by 2030.

Goldwind launches green methanol production in Inner Mongolia with CNY2.3bn investment

The first phase of a green methanol project in Inner Mongolia has successfully completed biomass gasifier technical tests, marking a key milestone in Goldwind's industrial deployment.
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Durapower and Kıvanç partner to manufacture lithium-ion batteries for the US market

Singapore’s Durapower and Turkish industrial firm Kıvanç have signed an agreement to form a joint battery production venture targeting growing North American demand.

Resonac invests ¥21.7bn to convert Kawasaki power unit to gas and hydrogen

The Japanese industrial group will replace a 73.5 MW coke and gas-fired turbine with a 30 to 40 MW hydrogen-ready unit, scheduled to start operations in 2030 with ¥7.1bn ($47mn) in public support.

Ming Yang plans £1.5bn wind turbine factory in Scotland

Chinese manufacturer Ming Yang plans to build the UK’s largest wind turbine facility in Ardersier, with an initial £750mn investment and up to 1,500 jobs created by 2028.
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Maersk and CATL enter global strategic partnership for energy logistics

Maersk and CATL have signed a strategic memorandum of understanding to strengthen global logistics cooperation and develop large-scale electrification solutions across the supply chain.

T1 Energy takes stake in Talon to expand solar manufacturing in the United States

T1 Energy invests in private solar cell manufacturer Talon PV to support industrial expansion of the U.S. solar sector and address rising grid demand.

Indian investors bet on Biochar under regulated offtake agreements

Biochar projects are drawing investor interest in India, but signing regulated offtake contracts has become essential to ensure market compliance and financial stability in the carbon sector.

China opts for quarterly thermal coal contracts with Indonesia for 2026

Chinese buyers begin negotiations for 2026 thermal coal deliveries, favouring shorter contracts to maintain flexibility in a stable price environment.

Chevron gradually restarts El Segundo refinery after major fire

Chevron is working to restart several units at its El Segundo refinery in California after a fire broke out in a jet fuel production unit, temporarily disrupting regional fuel supplies.
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Doral Renewables signs contract for 430 MW of solar power in Texas

Doral Renewables has signed a power purchase agreement for 75% of the output from its Cold Creek Solar project, expanding its contracted portfolio to over 1.6 GW nationwide.

Talen Energy raises $1.2bn to finance two gas-fired power plants in the United States

Talen Energy secures $1.2bn term financing and increases two credit facilities to support the acquisition of two natural gas power plants with a combined capacity of 2,881 MW.

Tenaz Energy acquires strategic North Sea gas assets for $339mn

Tenaz Energy finalised the purchase of stakes in the GEMS project between Dutch and German waters, aiming to boost production to 7,000 boe/d by 2026.
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France: SNCF signs two 25-year solar contracts with Octopus and BayWa r.e.

SNCF Voyageurs secures direct solar electricity supply from two plants owned by Octopus Energy and BayWa r.e., through 25-year agreements aimed at powering its rail network.

Shell warns of economic impact from halted offshore wind projects in the United States

Shell U.S. president stated that cancelling fully permitted wind projects severely undermines investor confidence in the energy sector.

Tesla prepares to launch a new electric model on October 7

Tesla has announced an event scheduled for October 7, hinting at the arrival of a more affordable vehicle amid a limited product refresh and growing competition in the electric vehicle segment.
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China’s clean tech exports reach $20bn in August

China set a record for clean technology exports in August, driven by surging sales of electric vehicles and batteries, with more than half of the growth coming from non-OECD markets.

Solar and storage equipment prices to rise 9% from Q4 2025

The end of China's VAT rebate and reduced output bring an end to eighteen months of historically low prices in solar and storage sectors.

Wood Mackenzie: the UK can double North Sea reserves without breaching climate limits

An analysis by Wood Mackenzie shows that expanding UK oil and gas production would reduce costs and emissions while remaining within international climate targets.
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Ukrainian suspected in Nord Stream sabotage faces possible extradition

Polish authorities have 40 days to decide on the extradition of a Ukrainian accused of participating in the 2022 sabotage of the Nord Stream pipelines in the Baltic Sea.

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.

Beijing transfers up to $8.4bn to Iran through parallel oil network

China has established a clandestine oil-for-projects barter system to circumvent US sanctions and support Iran’s embargoed economy, according to an exclusive Wall Street Journal investigation.
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Indian regulator opens proceedings over solar firms’ losses linked to transmission delays

The Central Electricity Regulatory Commission has agreed to examine compensation claims by ACME Solar and AMPIN Energy, citing losses caused by non-operational transmission lines.

Waaree Energies launches 950 MW solar unit at its Gujarat plant

Waaree Energies has activated a new 950 MW photovoltaic module production line in Degam, strengthening its industrial investment programme in western India.

Nagano commissions 1.5MW hydro plant and secures deal with Seiko Epson

Nagano Prefecture has commissioned a new 1.5MW hydropower plant to supply Seiko Epson’s Ina facility under a sleeved power purchase agreement managed by Chubu Electric Power Miraiz.
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India launches tender for 3,640 kW rooftop solar under SECI

India opens a new rooftop solar tender phase, offering 3,640 kW under the RESCO model, with a pre-bid meeting held online on October 6 by Solar Energy Corporation of India.

Shizen Energy secures 100MW in solar contracts with Microsoft in Japan

The Japanese developer has reached a total of 100MW in solar capacity under power purchase agreements with Microsoft, spread across four projects in the country, two of which are already operational.