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Envision Energy enters Turkish market with 232 MW wind project
Envision Energy launches its first project in Turkey in partnership with Yildizlar Group, adding 232 MW to the national wind capacity in Karaman province.
IAEA: Iran held 440.9 kg at 60% before Israeli strikes
A report by the International Atomic Energy Agency puts Iran’s 60% enriched uranium at 440.9 kg before Israeli and U.S. strikes, while the agency’s access to enrichment sites has remained suspended since the operations.

Aramco and SOMO suspend crude supplies to India’s Nayara Energy

Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.
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Rosatom prepares new nuclear projects in India and Turkey
Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.
Colombia: Petro blocks coal to Israel in a political showdown
President Gustavo Petro bans all coal exports to Israel, a decision with minor energy effects but strong diplomatic weight, illustrating his anti-Americanism and attempts to reshape Colombia’s domestic politics.

Return of IAEA inspectors to Iran after one month of diplomatic breakdown

Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.
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Shikun & Binui commissions a 71 MW solar power plant in Romania
Israeli group Shikun & Binui begins commercial operation of its first photovoltaic park in Romania, a 71 MW facility located in Satu Mare County.
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.

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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OPEC Revises Global Oil Forecasts for 2026 to 106.5 Million b/d
OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
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.

Eco Wave Power completes installation of pilot project at the Port of Los Angeles

Eco Wave Power has completed the full installation of its wave energy system at the Port of Los Angeles, paving the way for initial operational tests scheduled for September.
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Massive power outage in Iraq after losing 6,000 MW of capacity
A nationwide blackout left Iraq without electricity for several hours, affecting almost the entire country due to record consumption linked to an extreme heatwave.
OPEC+ Cuts Production Despite Higher Quotas in July
OPEC+ oil production fell to 41.65 million barrels per day in July 2025, reveals S&P Global's Platts survey, as Saudi Arabia normalizes production after June's Iran-Israel tensions.

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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IAEA Dispatches Envoy to Tehran to Negotiate New Nuclear Framework
A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.
Iran-Iraq clandestine oil network generates three billion dollars annually
Baghdad denies any involvement in sophisticated smuggling system mixing Iranian and Iraqi oil. Washington sanctions networks accused of financing designated terrorist organizations.

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.
Japanese refiners face critical challenge of Middle Eastern oil dependency
Record Gulf crude imports expose structural vulnerabilities of Japanese refining amid rising geopolitical tensions and Asian competition.
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Colombia: Petro blocks coal to Israel in a political showdown
EDF extends two nuclear reactors in the United Kingdom until March 2028
Global renewable energy investments reach $386 billion in first half
Enbridge deploys two new gas projects for 2.8 Bcf/d in the United States
Political crisis in France: energy roadmap threatened by new delay
Oil prices rise on positive US economic signs
Oil prices rose slightly after the publication of a positive indicator on the US economy, reassuring investors about future demand despite persistent geopolitical risks.
Prix du pétrole en hausse
US LNG Exports to Asia Increase in July
Increased demand in Asia-Pacific is redirecting US LNG exports, reducing deliveries to Europe.
GNL américain vers Asie

Kurdistan closes 138 illegal refineries to limit pollution

The Kurdish authorities are closing 138 illegal refineries and imposing strict standards on the others to combat pollution in Erbil.
China and South Korea to be main customers for US LNG in July
In July, China and South Korea dominated US LNG imports, while Europe's share declined significantly.
Terminal LNG en Chine
BP and ADNOC explore gas investments in the Eastern Mediterranean
BP and ADNOC are in talks with Cyprus to explore gas investments, following recent discoveries in Egypt and Israel.
Plateforme d'exploration en méditerranée orientale

Russia cuts crude oil exports to a 12-month low

In July, Russia reduced its crude oil exports to their lowest level in a year, while exports of refined products rose by 6% thanks to the recovery of domestic refineries.
Navire pétrolier dans les eaux russes
Gazprom achieves highest ever gas exports to Europe in July
In July 2024, Gazprom records a peak in gas exports to Europe, with a notable increase thanks to the end of maintenance and increased demand for winter reserves.
US sanctions against Iran and their impact on energy
New US sanctions against Iran and the Houthi rebels are shaking up the oil market, amplifying geopolitical tensions in the Middle East and disrupting supply chains.
US sanctions impact energy

BP commits to the development of four oil fields in Iraq

BP signs an agreement with Iraq to develop four oil and gas fields in the province of Kirkuk, with the aim of increasing energy production and diversifying resources.
Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayyan Abdul Ghani, and BP's CEO, Mr. Murray Auchincloss
Hungary’s MOL leverages its mature field expertise in Azerbaijan
MOL optimizes oil production in Azerbaijan, capitalizing on decades of experience in managing mature fields, with promising prospects in the Caspian region.
MOL champs pétrolier Azerbaïdjan
OPEC+ Maintains Policy Despite Falling Oil Prices
OPEC+ plans to maintain its current policy despite lower oil prices, threatening the plan to reduce production cuts in the fourth quarter.
Logo de l'OPEP (siège)

TotalEnergies acquires hydroelectric projects in Africa

TotalEnergies signs an agreement with Scatec, a Norwegian renewable energy company, to acquire 100% of **SN Power**, including interests in hydroelectric projects in Africa. This strategic transaction is designed to support the continent's energy transition.
centrale hydroélectrique de Bujagali, Ouganda
Russian crude deals could test Middle East flows to India
India's imports of Middle Eastern crude increased in 2024, but the agreements with Russia could change all that.
Tankers Russes
Eco Wave Power wins EDF Pulse award for its wave energy technology
Eco Wave Power, headed by Inna Braverman, wins the EDF Pulse 2024 award for its innovative wave energy technology, marking a significant advance in decentralized energy systems.
Innovation énergie des vagues

OPEC+ Reduces Production and Tightens LPG Supply

OPEC+ is reducing its crude oil production, putting pressure on the global liquefied petroleum gas (LPG) market and influencing prices.
World Oil Reserves: Stable at 1,536 Billion Barrels
Global oil reserves remain stable at 1,536 billion barrels, posing a challenge in the face of growing demand without rapid electrification of transport.
Illustration puits pétroliers sur soleil couchant
Heat intensifies competition on Mediterranean LNG markets
LNG prices in the Eastern Mediterranean are at a two-month high, surpassing those in the Western Mediterranean, as demand soars due to heat waves.
Compétition accrue LNG Méditerranée

Iraq increases its crude oil export capacity

Iraq increases its export capacity by 300,000 barrels per day with the installation of two new pumping units, despite OPEC+ quota constraints.
champs pétroliers avec le drapeau irakien
EU forecasts historic drop in coal demand by 2025
The International Energy Agency (IEA) forecasts a 19% reduction in coal demand in the EU, reaching 287 million tonnes in 2025, due to increased adoption of renewable energies.
illustration du charbon thermique
Russia maintains stable relations with OPEC+ despite overruns
Alexander Novak, Russia's Deputy Prime Minister, says Russia is meeting its OPEC+ commitments despite minor production overruns in June.
Drapeaux de l'Arabie Saoudite, de l'OPEC et de la Russie
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