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Peru bets on carbon markets with its NDC 3.0 climate commitment
The Peruvian government announces a 179 million tonne emissions target by 2035, integrating carbon market tools and international transfers to reach its climate goal.
Indonesia records 836 Mt coal output in 2024 despite falling revenues
Indonesia’s coal overproduction has cut state revenues and company profits, while methane emissions from mines far exceed official figures.

OMS Energy turns to AI and robotics to capture global pipeline inspection market

OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.
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Philippines awards 10 GW of projects in fourth green energy auction
The Philippine Department of Energy validated over 10 GW of renewable projects, including floating solar and hybrid systems, in the fourth round of its national green auction programme.
Pembina and PETRONAS sign 20-year agreement for Cedar LNG liquefaction capacity
Pembina Pipeline Corporation and PETRONAS have signed a long-term agreement securing 1 million tonnes per year of liquefaction capacity at Canada's Cedar LNG terminal, reinforcing their positions in the global liquefied natural gas market.

NU E Power acquires 500 MW of energy assets to strengthen global network

NU E Power Corp. acquires 500 MW of hybrid projects from ACT Mid Market Ltd. to support the global expansion of its artificial intelligence and Bitcoin mining infrastructure.
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Ormat Technologies increases its quarterly revenue by 17.9%
Ormat Technologies reported a rise in revenue for the third quarter, supported by solid performances in its Product and Storage segments, and revised its 2025 annual guidance upward.
Sinopec signs $40.9bn in deals during 2025 China International Import Expo
Sinopec finalised supply agreements worth $40.9bn with 34 foreign companies at the 2025 China International Import Expo, reinforcing its position in the global petroleum and chemical trade.

EVE Energy and EVO Power sign strategic agreement for their expansion in Australia

EVE Energy will supply 2.2 GWh of storage systems to EVO Power over five years, supporting the large-scale deployment of front-of-meter solutions in the Australian market.
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Global warming heads toward 2.5°C despite commitments
Current emission trajectories put the planet on course for a 2.3°C to 2.5°C rise, according to the latest UN calculations, just days before the COP30 in Belem.
Dragon Oil and PETRONAS Forge Strategic Oil Exploration Agreement
Dragon Oil, a subsidiary of Emirates National Oil Company, partners with PETRONAS to enhance technical and commercial cooperation in oil and gas exploration and production.

Eni and PETRONAS Create an ASEAN Upstream NewCo, $15B in Investments

The joint venture combines 19 assets (14 in Indonesia, 5 in Malaysia), aims for 300 kboe/d initially and >500 kboe/d, and focuses investments on gas to supply Bontang and the Malaysia LNG complex in Bintulu.
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GCL signs two 100 MW solar projects with PLN IP in Indonesia
GCL Energy Technology strengthens its presence in Southeast Asia by partnering with PLN Indonesia Power to develop two 100 MW solar plants, both ground-mounted and floating, as part of the government’s Hijaunesia program.
The UN validates an Article 6.4 methodology for landfill methane
The Paris Agreement Crediting Mechanism formalizes a landfill-methane methodology, imposes an investment-based additionality test, and governs issuance of traceable units via a central registry, with host-country authorizations and corresponding adjustments required.

SLB OneSubsea secures two EPC contracts for deepwater projects in Malaysia

SLB OneSubsea has signed two EPC contracts with PTTEP to equip multiple deepwater gas and oil fields offshore Malaysia, extending a two-decade collaboration between the companies.
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P.S.P. Specialties enters the Philippines with transformer oils to support grid expansion
The Thai group targets energy distributors and developers in the Philippines, as the national grid plans PHP900bn ($15.8bn) in investments for new transformer capacity.
Scatec cuts debt by 27% and reaches record 3,392 MW in projects
Scatec strengthened growth in the third quarter of 2025 with a significant debt reduction, a rising backlog and continued expansion in emerging markets.

Malaysia strengthens public investment in gas and solar energy

The Malaysian government plans to increase public investment in natural gas and solar energy to reduce coal dependency while ensuring energy cost stability for households and businesses.
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Structural imbalances hinder the efficiency of public climate finance
The study by Özlem Onaran and Cem Oyvat highlights structural limits in public climate finance, underscoring the need for closer alignment with social and economic goals to strengthen the efficiency and resilience of public spending.
Thailand delays regional power project due to lack of tariff approval
Thailand’s pending approval of transmission fees is holding back progress on an energy project linking Laos to Singapore via Malaysia, amid political uncertainty.
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InCommodities signs 15-year storage deal with AMPYR in Australia
South Africa inaugurates transmission station to integrate 900 MW of renewables
Aksa Enerji to build 119 MW thermal power plant in Burkina Faso
TEPCO could restart Kashiwazaki-Kariwa nuclear plant as early as January
Canada reforms Energy Efficiency Act to align policy with digital markets
SK Energy signs SAF supply agreement with Cathay Pacific
SK Energy will supply ISCC-certified sustainable aviation fuel to Cathay Pacific until 2027, strengthening its presence in the regional SAF market in Asia-Pacific.
Alaska pipeline project could meet Asian demand
US President Donald Trump has announced an Alaska pipeline project to transport natural gas to the Asian market, with ongoing discussions for partnerships with Japan and South Korea.

Trump relaunches Alaskan pipeline project for Asia

Donald Trump confirmed his intention to finalise a major pipeline project in Alaska, aiming to supply natural gas to Asian countries such as Japan and South Korea. The project, one of the largest in the world, could strengthen the region's energy supply.
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TotalEnergies ENEOS launches its first solar rooftop project at SteelAsia in the Philippines
TotalEnergies ENEOS has commissioned a 1.9 MWp solar rooftop photovoltaic system at SteelAsia’s Meycauayan facility in the Philippines. This project is part of the steelmaker’s decarbonisation strategy.
Indonesia plans to invest 40bn USD in energy projects in 2025
Indonesia announces 40bn USD investment in 21 energy projects in 2025, aiming to increase refining capacity and replace LPG imports.

Indonesia introduces a reference price to regulate its coal market from March 2025

Indonesia sets a floor price for coal to strengthen its control over domestic prices and influence international markets. This new strategy will take effect on March 1, 2025.
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Mainstream Renewable Power appoints Morten Henriksen as CEO
Mainstream Renewable Power has announced the appointment of Morten Henriksen as CEO, effective from April 1, 2025, as part of its strategy to focus on cost reduction and expansion into three key markets.
Eni: sharp drop in profit in 2024 due to falling prices
Italian energy group Eni reports a 45% drop in net profit in 2024, reaching €2.46 billion, impacted by lower gas and oil prices. Its shares fell on the stock market after results fell short of expectations.

Merdeka Battery Materials secures $1.4 billion loan for nickel plant

Merdeka Battery Materials has secured $1.4 billion in financing to build a nickel plant in Indonesia. This project, supported by a banking consortium, aims to meet the growing demand for lithium-ion battery materials used in electric vehicles.
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Washington imposes new sanctions on Iranian oil
The U.S. government announced new sanctions targeting 22 individuals, companies, and 13 vessels accused of circumventing sanctions on Iranian oil, as part of its "maximum pressure" policy.
Suriname accelerates offshore oil exploration with strategic investments
Suriname plans to drill at least 10 offshore wells by 2026, with investments estimated at $9.5 billion, aiming to exploit significant oil reserves and attract foreign capital.

Aramco acquires 25% of Unioil to Expand Its Retail Network in the Philippines

Aramco strengthens its presence in the Philippine fuel market by acquiring 25% of Unioil, with the intent to expand its network of service stations and offer its refined products and Valvoline lubricants across the country.
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Indonesia: Growing Dependence on Coal Undermines Climate Commitments
Indonesia continues to strengthen its dependence on coal, jeopardizing its greenhouse gas emission reduction commitments. This paradox is highlighted in a recent report, emphasizing the tension between environmental goals and economic realities.
Philippines: The Renewable Energy Auction Exceeds Targets with 7,500 MW of Projects
The third phase of the renewable energy auction in the Philippines has generated strong interest, securing 7,500 MW of projects—far surpassing the initial 4,650 MW target. This momentum highlights the growing investor confidence in the Philippine energy market.

Geopolitical tensions threaten the supply of critical minerals

Trade restrictions and the concentration of critical mineral supply expose supply chains to increasing risks. Despite a currently well-supplied market, the IEA warns of future shortages that could impact strategic industries.
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McDermott completes Kikeh subsea gas lift project ahead of schedule
McDermott has successfully completed the transportation, installation, and commissioning of the Kikeh subsea gas lift project, awarded by PTTEP Sabah Oil Limited. Conducted in deep waters off the coast of Sabah, East Malaysia, the project was completed in under eight months.
Indonesia Faces Financial Challenges in JETP: Uncertainties and Pressures
Indonesia must manage ambitious climate commitments while maintaining energy stability. The Just Energy Transition Partnership (JETP), aimed at mobilizing $20 billion, faces financial obstacles and uncertainties regarding international funding.

Indonesia: First Small Modular Nuclear Reactor in Southeast Asia Expected by 2030

Indonesia is accelerating the development of its nuclear program and could become the first country in Southeast Asia to deploy a small modular reactor (SMR) by 2030. Despite competition from renewable energy, Jakarta is betting on nuclear power to diversify its energy mix.
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Trafigura Convicted in Switzerland for Foreign Public Official Corruption
Trafigura, the major commodities trading giant, has been convicted by the Swiss Federal Criminal Court for corrupting a foreign public official in Angola, marking a precedent in the commodities sector.
Record Chinese Energy Installations: 24 GW in Belt and Road Countries
In 2024, Chinese companies installed 24 gigawatts of new energy capacity in Belt and Road countries. Nearly half of the projects focused on renewable energy, underscoring their key role in global energy diplomacy.
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