Libya

Eni's net profit rose to €803mn in the third quarter, supported by a 6% increase in production despite falling crude prices.
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. —

La Libye cible 1,6 million de barils par jour de pétrole d’ici fin 2026

Tripoli mise sur des partenariats avec des majors et jusqu’à 4 milliards $ d’investissements pour relancer sa production pétrolière, malgré un climat politique divisé.
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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.
KLN strengthens its industrial project portfolio with progress on the WHPA platform in Libya, a major offshore site valued at over HK$10bn ($1.28bn), aimed at supporting regional gas supply.

Faria Renewables acquiert deux parcs éoliens pour un total de 30,8 MW en Grèce

Faria Renewables a finalisé l’acquisition de deux projets éoliens d’une capacité cumulée de 30,8 MW, consolidant son portefeuille d’actifs en Grèce et poursuivant son expansion stratégique sur le marché national.
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Nicola Mavilla succeeds Kevin McLachlan as TotalEnergies' Director of Exploration, bringing over two decades of international experience in the oil and gas industry.
Trader Alkagesta opens a new biofuels trading desk in Geneva, targeting European market growth and consolidating its investments in alternative fuels.

Eni resumes offshore drilling in Libya after five-year suspension

Eni North Africa restarts drilling operations on well C1-16/4 off the Libyan coast, suspended since 2020, aiming to complete exploration near the Bahr Es Salam gas field.
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Envision Energy has signed an agreement to equip Kazakhstan’s largest wind power project, marking a strategic step in energy cooperation with TotalEnergies, Samruk-Energo and KazMunayGas.
An unprecedented overnight offensive targeted gas infrastructure in Ukraine, damaging several key facilities in the Kharkiv and Poltava regions, according to Ukrainian authorities.

U.S. uranium purchases reach 55.9 million pounds in 2024

Uranium deliveries to U.S. civilian operators rose 8% in 2024, while the average price climbed to its highest level since 2012, according to the latest available data.
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Site selection for Kazakhstan’s first nuclear power plant enters an advanced technical phase, with more than 100 experts mobilised by Rosatom to conduct complex geological and seismic analyses.
The number of active drilling rigs in the United States rose for the fourth consecutive week, supported by higher crude prices and OPEC+’s difficulties in meeting production targets.

LanzaJet and KMG launch engineering phase of Kazakhstan’s first SAF project

LanzaJet and state-owned KazMunayGas have reached a decisive milestone towards building Kazakhstan’s first sustainable aviation fuel plant, with the immediate start of the engineering phase.
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KazMunayGas has resumed oil shipments to Turkey through the Baku-Tbilisi-Ceyhan pipeline, following a stoppage due to a contamination issue resolved at the Aktau terminal.
Despite gas stocks covering over 80% of winter needs, Kyiv must still import more to offset the impact of Russian strikes on energy infrastructure.

Greece and Libya resume talks on maritime delimitation

Athens and Tripoli engage in a negotiation process to define their exclusive economic zones in the Mediterranean, amid geopolitical tensions and underwater energy stakes.
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Nigeria and Libya have initiated technical discussions on a new pipeline project to transport Nigerian gas to Europe through the Mediterranean network.
Kazakhstan has signed an agreement with Nukem Technologies Engineering Services GmbH to benefit from German expertise in nuclear decommissioning and radioactive waste management.
Russian President Vladimir Putin is welcomed in Kazakhstan to discuss major energy projects amidst international rivalries with China and the West.
Despite commitments to OPEC+ to limit production, the United Arab Emirates shows oil export volumes well above quotas. This situation raises questions and rekindles tensions within the cartel.

The GR-eco Islands Program: An Innovative Model for the Energy Transition of Greek Islands

The GR-eco Islands program, launched by the Greek government, transforms the country’s islands into models of energy autonomy and sustainability through renewable energy and technological innovations. A flagship initiative in the fight against climate change.
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COP29 in Baku highlights the massive presence of fossil fuel representatives. Between lobbying and energy necessity, the debate on their role in the climate transition intensifies.
North Macedonia strengthens its energy security with an agreement with SOCAR, aiming at the diversification of natural gas supplies and innovative projects like gas cogeneration.

Six new countries commit to tripling global nuclear production by 2050

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.
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G7-linked tankers are returning to Russian routes, reaching a seven-month high as they seize opportunities presented by the weakness of Russian crude prices under the $60/barrel cap.
Masdar and KESH sign a strategic partnership to develop large-scale renewable energy projects, positioning Albania as a key player in the European energy market.

Masdar signs an agreement for a 1GW wind farm in Kazakhstan, one of the largest in the region

Masdar signs an agreement for a 1GW wind farm in Kazakhstan, one of the largest in the region
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OPEC+ recorded an increase of 30,000 barrels per day in October, marked by Libya’s production surge and Kazakhstan’s reduction. Compliance remains a key challenge for the group.
After being attacked by Houthis in August, the Sounion tanker begins, under high security, the transfer of one million barrels of oil to the Delta Blue in the Suez Canal, preventing a major ecological disaster.

Russian and Kazakh Refineries Conclude Maintenance: An Impact on the Energy Market

As Russian and Kazakh refineries resume operations following maintenance periods, the energy market anticipates potential effects on fuel supply. Uncertainty remains around gasoline exports in Russia.
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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 French operator RTE is investing nearly one billion euros to acquire 5,000 km of underground cables from five European cable suppliers to modernize and strengthen its high-voltage electricity network.

Macron offers France’s support to Kazakhstan for civilian nuclear development

During Kazakh President Kassym-Jomart Tokayev's visit to Paris, Emmanuel Macron strengthened the strategic partnership between France and Kazakhstan, offering French expertise to support the development of civilian nuclear energy in Kazakhstan.
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Dangote denounces the import of low-quality fuel undermining the growth of his refinery in Nigeria. The lack of control infrastructure hampers the enforcement of the country’s new fuel standards.
The EU Invests in a New Gas Corridor to Secure LNG Supply from the U.S.

OPEC+: eight members extend their production cuts until the end of December

Saudi Arabia, Russia, and six other OPEC+ countries extend their production cuts by 2.2 million barrels per day until the end of December to support oil prices weakened by uncertain demand.
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European energy giants Eni and BP resume onshore drilling activities in Libya after ten years, as the country seeks to double its oil production within five years.
Faced with a shortage of gasoil affecting service stations in its central provinces, Iraq is turning to Kazakhstan to obtain 20 million cubic meters of natural gas to stabilize its energy supply.