A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.
OPEC+ begins a new phase of gradual production increases, starting to lift 1.65 million barrels/day of voluntary cuts after the early conclusion of a 2.2 million barrels/day phaseout.
Indonesia will finalise a free trade agreement with the Eurasian Economic Union by year-end, paving the way for expanded energy projects with Russia, including refining and natural gas.
The Indonesian government confirmed the delivery of nine to ten liquefied natural gas cargoes for domestic demand in September, without affecting long-term export commitments.
ACWA Power has signed an agreement with the Syrian Ministry of Energy to assess up to 2,500 MW of solar, wind and storage projects, along with a technical audit of the national grid and existing infrastructure.
The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.
U.S. regulators have approved two major milestones for Rio Grande LNG and Commonwealth LNG, clarifying their investment decision timelines and reinforcing the country’s role in expanding global liquefaction capacity.
An Indonesian ministerial delegation visited China to explore waste-to-energy solutions, as the country moves forward with a $200mn project in Makassar.
Petrobangla plans to sign a memorandum with Saudi Aramco to secure liquefied natural gas deliveries under a formal agreement, following a similar deal recently concluded with the Sultanate of Oman.
Bp has awarded Baker Hughes a long-term service agreement for the Tangguh liquefied natural gas plant, covering spare parts, maintenance and technical support for its turbomachinery equipment.
CNOOC Limited has signed two production sharing contracts with SKK Migas to explore the Gaea and Gaea II blocks in West Papua, alongside EnQuest and Agra.
ISDN Holdings strengthens its position in Indonesia by acquiring a majority stake in PT Funda, integrating hydropower capabilities across the entire project lifecycle and consolidating its renewable energy investments.
Masdar has allocated the entirety of its 2023–2024 green bond issuances to solar, wind, and storage energy projects, while expanding its financial framework to include green hydrogen and batteries.
The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
Indonesia Energy Corporation signs a memorandum of understanding with Aguila Energia to identify oil and gas assets in Brazil, marking a first incursion outside its domestic market.
Driven by rising industrial demand and emerging capacities in Asia, the global petrochemicals market is expected to see sustained expansion despite regulatory pressures and raw material cost challenges.
According to the Oxford Institute for Energy Studies, the adoption of low-carbon ammonia in maritime transport faces economic, regulatory, and safety barriers, despite growing international pressure to reduce emissions from the global fleet.
Saudi Arabia has identified Italy as a key partner for the export of green hydrogen to Europe, in response to growing demand for low-carbon energy solutions.
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
The Houthis are stepping up their attacks on oil tankers in the Red Sea, disrupting shipping and influencing the region's geopolitical and energy balances.
Saipem wins two offshore oil engineering, procurement, construction and installation (EPCI) contracts with Saudi Aramco, worth a total of around 1 billion USD, for the Marjan, Zuluf and Safaniyah fields in Saudi Arabia.
Climate envoys from Washington and Beijing are meeting this week to strengthen cooperation on energy and climate policies, ahead of COP29 in Azerbaijan.
Egypt, faced with an energy crisis due to a drop in gas production, depends on financing from Saudi Arabia and Libya to secure its purchases of liquefied gas.
Russia extends export duty exemption for thermal coal until December.
Despite this measure, logistical restrictions and sanctions continue to hold back global demand.
According to Rystad Energy, demand for hydrocarbons will remain high.
Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
BloombergNEF forecasts 592 GW of solar installations by 2024, marking 33% growth.
However, overcapacity and low prices are creating pressure on the supply chain.
Oxfam is proposing a new strategic tool to guide energy transition policies in Asia, by promoting better coordination between regulators, financial institutions and local players.
Singapore is exploring partnerships with Australia and Southeast Asia to diversify its energy sources, in response to growing demand and its decarbonization objectives.
DDI joins forces with Chinese leaders to structure the photovoltaic value chain in Indonesia, integrating a unique financial model to accelerate local production.
Indonesia's new Energy Minister, Bahlil Lahadalia, is focusing on enhanced incentives to attract upstream investment, while aiming to develop the LPG industry to reduce imports.
In July, India became the biggest buyer of Russian oil, surpassing China, against a backdrop of Western sanctions against Moscow and changes in global trade flows.
