Kenya

Gunvor commits to 0.85 million tonnes per year of liquefied natural gas from AMIGO LNG, marking a strategic step forward for Asian and Latin American supply via the Guaymas terminal.
Transition Industries assigns Bonatti to build core infrastructure for Pacifico Mexinol, a strategic methanol complex in Mexico poised to become a major global player.

Pemex bets on Pimienta and Eagle Ford to revive national energy production

The Pimienta and Eagle Ford formations are identified as pillars of Pemex’s 2025-2035 strategic plan, with potential of more than 250,000 barrels of liquids per day and 500 million cubic feet of gas by 2030.
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The International Finance Corporation finances ENGIE Energía Perú to develop solar, wind, and storage projects, with performance indicators targeting efficiency and governance.
AMIGO LNG has awarded COMSA Marine the engineering and construction contract for its marine facilities in Guaymas, as part of its 7.8 MTPA liquefied natural gas export terminal.

Mexico: U.S. gas exports struggle under infrastructure and climate pressure

Cross-border gas flows decline from 7.3 to 6.9 billion cubic feet per day between May and July, revealing major structural vulnerabilities in Mexico's energy system.
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Frontera Energy Corporation confirms the divestment of its interest in the Perico and Espejo oil blocks in Ecuador, signalling a strategic refocus on its operations in Colombia.
Gran Tierra Energy confirms a major asset acquisition in Ecuador’s Oriente Basin for USD15.55mn, aiming to expand its exploration and production activities across the Andean region.

Mexico launches major public investment plan to revive Pemex and the oil industry

The Mexican government unveils an ambitious public support strategy for Petróleos Mexicanos, targeting 1.8 million barrels per day, infrastructure modernisation, and settlement of supplier debt amounting to $12.8 billion.
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Tullow marks a strategic milestone in 2025 with the sale of its subsidiaries in Gabon and Kenya, the extension of its Ghanaian licences, and the optimisation of its financial structure.
Solarise Africa secures $3.3mn in financing from Mergence Investment Managers to accelerate the deployment of solar systems for the commercial and industrial sector in Africa.

DLA Piper advises Grupo Cox on a transaction involving Iberdrola Mexico assets at $4.2 billion

DLA Piper assists Grupo Cox in a planned transfer of Iberdrola assets in Mexico, with a reported value of $4.2 billion, mobilising an international legal team.
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Italian group Enel reports net profit of €3.4bn for the first half, down from last year, while revenue rises to €40.8bn amid market volatility.
TC Energy reports higher financial results in the second quarter of 2025, boosts investments and anticipates a rise in annual EBITDA driven by growing natural gas demand in North America.

Trump hits Brazil with 50% tariffs but spares oil and iron

Washington imposes massive duties citing Bolsonaro prosecution while exempting strategic sectors vital to US industry.
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The US wind market recorded 91% growth in the first quarter of 2025, but new regulatory restrictions and the planned end of tax credits threaten the sector’s future.
Cox aims to acquire Iberdrola’s 15 power plants in Mexico for EUR4 bn (USD4.69 bn), strengthening its presence in a changing market.

Electricity demand reaches 2,362 MW in Kenya as KenGen focuses on renewables

Kenya registers a historic record in electricity consumption, driven by industrial growth and a strong contribution from geothermal and hydropower plants operated by Kenya Electricity Generating Company PLC.
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Nordex Group records a significant jump in profitability and order intake, reaching EUR 2.3 bn in the second quarter of 2025, confirming its financial trajectory with a positive free cash flow.
The International Energy Agency anticipates an acceleration in global liquefied natural gas trade, driven by major new projects in North America, while demand in Asia remains weak.
PetroTal finalizes the purchase of Block 131, including all assets of CEPSA Peruana. This strategic acquisition aims to strengthen the company's production and reserves in Peru.
Ecuador has transferred management of the OCP pipeline to the state for an interim period of six months following the expiration of the contract with OCP Ecuador. A new tender will soon be launched to determine its future operation.

Ecopetrol: A Record Budget of 28 Trillion Pesos for 2025

The Colombian group Ecopetrol announces a historic investment for 2025, aiming to strengthen oil production, accelerate the energy transition, and improve infrastructure while pursuing its sustainability goals.
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India is building the world's largest solar power plant in the Gujarat desert. With 60 million panels and 770 wind turbines, Khavda exemplifies a colossal ambition to address the country's energy and climate challenges.
Maxeon Solar Technologies announces a strategic restructuring of its business portfolio, refocusing its operations on the U.S. market while transferring its international activities to the TCL Group.

Adani Group: $55 Billion Lost Following Gautam Adani’s Indictment

The Adani conglomerate has lost $55 billion in market capitalization following corruption charges against its CEO, Gautam Adani, in the United States. The case has shaken markets and jeopardized its international partnerships.
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The United States is set to break a record in solar installations in 2024, with 32 GW expected. Massive panel imports and tariff uncertainties are fueling this historic boom in the renewable energy sector.
Donald Trump's promise to impose 25% tariffs on oil imports from Canada and Mexico raises concerns among experts, fearing higher energy costs and escalating trade tensions in North America.

Pemex Faces an Uncertain Future with a Tight Budget for 2025

Pemex’s 2025 budget, reduced by 7.5%, jeopardizes its production targets and increases Mexico’s risk of crude oil imports due to insufficient investments in oil resource exploitation.
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At COP29 in Baku, 25 nations, including the United Kingdom and Australia, pledged to stop building coal power plants. This initiative aims to curb global warming despite a 2% increase in global coal capacity in 2023.
Despite pressure on refining margins, Africa is accelerating refinery projects to meet growing demand and enhance energy security, while facing competition from global giants.

China-Africa: Strengthened Sustainable Energy Partnership at Nairobi Summit

The 2024 China-Africa Renewable Energy Summit solidified strategic partnerships for a sustainable energy transition while offering solutions tailored to the continent's specific challenges.
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At COP29, six countries joined an ambitious declaration to triple global nuclear capacity by 2050, bringing the number of signatories to 31, backed by major financial institutions.
The Mexican government is set to unveil a long-term strategy for Pemex as the state-owned company faces structural challenges. Experts and investors discuss the necessary solutions, including opening up to private capital.

Nuclear Energy: A Climate Lever to Finance, Advocates the IAEA at COP29

At COP29, Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), emphasizes the inclusion of nuclear energy in climate financing, while targeting a regulated access approach for developing countries.
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Facing growing energy demand due to a record-breaking summer, Japan reports a surge in coal imports, exploring new suppliers to secure its electricity needs.
The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.

The Biden Administration Challenges Order to Resume LNG Export Permits

The White House calls on an appeals court to suspend the obligation to lift the moratorium on liquefied natural gas (LNG) export permits imposed by a Louisiana court.
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Amid an energy crisis, Mexico sends oil to Cuba to alleviate electricity shortages and oppose the U.S. embargo, a humanitarian gesture despite criticism.
Russian thermal coal exports are facing severe liquidity losses, exacerbated by logistical restrictions and rising costs, prompting buyers to turn to alternative sources.
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