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Kazakhstan

Chevron strengthens post-Hess strategy and reassures markets on growth

In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.

Washington locks in Kazakh tungsten supply and frames its C5+1 bet

The United States secures a tungsten joint venture in Kazakhstan and mining protocols in Uzbekistan, with financing envisaged from the Export-Import Bank of the United States and shipment routed via the Trans-Caspian corridor.

Gunvor drops $22bn bid for Lukoil assets under US pressure

Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.
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Aramco’s net profit drops for the eleventh consecutive quarter

Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.

Le TAP augmente ses nominations de gaz aux interconnexions européennes clés

Les nominations du Trans Adriatic Pipeline progressent à Melendugno, Nea Mesimvria et Komotini, signalant davantage d’offre pipeline et une flexibilité accrue pour les expéditeurs face aux arbitrages avec le gaz naturel liquéfié.

Equinor posts adjusted operating income of USD 6.21bn in Q3 2025

Equinor reported 7% production growth and strong cash flow, despite lower hydrocarbon prices weighing on net results in the third quarter of 2025.
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Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure

Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —

Iberdrola installs its first offshore HVDC station in the United Kingdom

Iberdrola has installed the high-voltage direct current converter station for its East Anglia THREE wind farm, marking a key milestone in a €5 billion project.

Kazakhstan begins negotiations to export uranium to Finland

Talks are underway between Astana and Helsinki to consider the delivery of Kazakh uranium for Finnish nuclear power plants, amid efforts to diversify energy export markets.
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Lukoil begins sale of international assets after new US sanctions

Lukoil has started divesting its foreign assets following new US oil sanctions, a move that could reshape its overseas presence and impact supply in key European markets.

Kazakhstan considers swift decision on Lukoil’s local assets

Kazakhstan is reviewing Lukoil's stakes in major oil projects after the Russian group announced plans to divest its international assets following new US sanctions.

Shanghai Electric signs 342 MW deal with Econergy in Romania

Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.
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The EU sanctions CNPC units as ESPO pipeline flows remain stable

The European Union targets a trading subsidiary and a refinery linked to China National Petroleum Corporation, tightening access to financial and insurance services without disrupting pipeline deliveries, with reallocations expected in settlements, insurance, and logistics. —

Karachaganak cuts production after drone strike on Russian gas facility

Kazakhstan’s Karachaganak gas field has reduced output by nearly one-third following an incident at a key Russian gas processing plant targeted by a Ukrainian drone strike.

Russia delivers 105,000 tons of crude to new Kulevi refinery

Russian company Russneft has shipped its first oil cargo to Georgia’s newly launched Kulevi refinery, despite the absence of formal diplomatic ties between Moscow and Tbilisi.
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GE Vernova to supply 42 turbines for a 252 MW wind farm in Romania

GE Vernova will equip the Ialomiţa wind farm with 42 turbines of 6.1 MW, strengthening its presence in the European onshore wind sector with a 252 MW project in partnership with Greenvolt.

CWP Europe secures Brussels’ support for 1 GW energy projects in the Balkans

CWP Europe formalised two major projects in Albania and Montenegro with backing from the European Commission, reinforcing the Balkans’ integration into the European energy market.

StarCharge signs 500MWh contract with ENERGY INVESTMENT LLC in Eastern Europe

StarCharge has secured a 500MWh energy storage order through a strategic agreement with ENERGY INVESTMENT LLC, strengthening its position in rapidly evolving Eastern European markets.
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Elawan wins 92MW wind capacity in Romania under 15-year public contract

Elawan Energy secured two wind power projects totalling 92MW in Romania through a long-term public contract, strengthening its presence in the region with operations scheduled to begin in 2028.

Metacon finalises EUR7.1mn hydrogen contract with Elektra in Romania

Swedish firm Metacon has secured a EUR7.1mn ($7.7mn) contract to deliver a 7.5 MW electrolysis plant to Elektra Power SRL, marking its operational entry into the Romanian market.
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EBRD buys stake in Premier Energy

European Bank for Reconstruction and Development (EBRD) becomes a shareholder in Premier Energy PLC, supporting the expansion of renewable energy production capacity in Romania and Moldova.
EBRD Acquires Stake in Premier Energy to Support Renewable Energy.

The European elections in the face of climate and geopolitical challenges

European citizens are voting in June against a backdrop of multiple crises, high inflation and war, calling climate policies into question and encouraging a shift to the right.
Élections Européennes Défis Climatiques

Project for a new hydroelectric power station on the Danube

Romania plans to join Serbia in building a third hydroelectric power station on the Danube, an ambitious but controversial project due to its environmental and navigability impacts.

Vladimir Putin announces increased gas deliveries to Uzbekistan

During an official visit to Uzbekistan, Vladimir Putin announces an increase in Russian gas deliveries, strengthening energy ties between Moscow and Tashkent.

EDB finances a 300MW solar power plant in Kyrgyzstan

The Eurasian Development Bank (EDB) and Bishkek Solar have signed a financing agreement for a 300MW solar power plant in the Issyk-Kul region of Kyrgyzstan, marking a key milestone for renewable energy in the country.
EDB Finance une Centrale Solaire de 300 MW au Kirghizistan pour 210 Millions de Dollars.

Photon Energy: €15m for solar farms in Romania

Photon Energy has signed a €15 million loan agreement with the EBRD to finance the construction of six solar farms in Romania, strengthening its integrated business model.
La Roumanie développe son parc Photovoltaïque.

OPEC+: Falling production and tensions over quotas

OPEC+ oil production is falling, with Russia stepping up cuts despite attacks and compliance challenges that continue to cause tension within the group.
OPEP + baisse production

EU: China withdraws from solar project in Romania following investigations

The European Commission announces the withdrawal of two Chinese giants from a Romanian tender for a photovoltaic park, following anti-subsidy investigations.
Union européenne Entreprises Chine Solaire Enquêtes

Saint-Gobain signs a PPA in Romania

Saint-Gobain signs a major five-year renewable electricity purchase agreement in Romania, a crucial milestone on the road to zero-carbon emissions.
Saint-Gobain PPA Roumanie

Russian gas pipeline: reduced flows to Europe in April

In April, Russian gas flows to Europe declined, with a notable reduction via the TurkStream pipeline.
Flux Gaziers Russes Réduits

Iraq: delicate adjustment of oil exports

Iraq's crude oil exports fell slightly in April, reflecting pressure to meet OPEC+ quotas.
Exportations Pétrolières Irak Réajustées

Iraq and Kazakhstan cut oil production

In line with OPEC+ guidelines, Iraq and Kazakhstan rectify their oil overproduction.
Réduction pétrole Opep

ArcelorMittal rebounds with profits and environmental challenges

ArcelorMittal, the world's second-largest steelmaker, reports a return to profit in the first quarter of 2024, despite persistent environmental and operational challenges.
Résultats ArcelorMittal T1 2024

R.Power expands into Romania for New Solar Projects

R.Power launches an ambitious solar portfolio in Romania, promising a significant increase in clean energy production with over 1.2 GWp under development.
R.Power renforce sa présence en Roumanie avec un vaste portefeuille de projets solaires prometteurs et des partenariats stratégiques.

TotalEnergies CEO defends his vision of the energy of the future at the French Senate

Patrick Pouyanné of TotalEnergies defends energy mix at key Senate hearing on climate commitments.
Stratégie énergétique TotalEnergies 2024

Chevron and ExxonMobil: Strategic adaptation to market challenges

Chevron and ExxonMobil unveil their first-quarter 2024 results, revealing economic pressures from tight refining margins and fluctuating natural gas prices. The two oil giants continue to adjust, increasing their production and diversifying their operations to strengthen their resilience.
Résultats 2024 Chevron ExxonMobil

TotalEnergies further improves 1st quarter earnings

TotalEnergies reported an increase in net profit to $5.7 billion in the first quarter, benefiting from high oil prices, while facing a slowdown in the gas market.
Résultats TotalEnergies T1 2024

COP29: Climate finance, a priority whose details are still awaited

Mukhtar Babayev, President of COP29 in Azerbaijan, stressed the urgency of releasing the funding needed to combat global warming at the forthcoming UN climate talks, although the concrete details of these plans remain vague.
Finance Climatique COP29

Global nuclear expansion to 2050

Nuclear power is gaining ground, prioritized as a key solution to climate change at the COP in December 2023. A major challenge lies ahead for 2050, despite the geopolitical challenges.
Triplement Capacité Nucléaire 2050

Hidroelectrica and Masdar strengthen their partnership

A delegation from Hidroelectrica, led by Karoly Borbely, is taking part in an official visit to the United Arab Emirates from April 17 to 19, 2024. This visit marks a milestone in the strengthening of energy relations between Romania and the United Arab Emirates.
Hidroelectrica Masdar partenariat
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