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Offshore growth in the Caribbean accelerates development of oil logistics hubs
As offshore projects expand, Caribbean nations are investing in shore bases and specialised ports to support oil and gas operations at sea.
LG Energy Solution cancels $2.7bn deal with Freudenberg Battery Power
LG Energy Solution terminated a KRW3.9tr agreement with Freudenberg Battery Power System amid the US electric vehicle market’s decline and its partner’s strategic withdrawal.

Russia provides $9bn for Turkey’s Akkuyu nuclear power plant

Ankara confirmed new Russian funding for the Akkuyu project, Turkey’s first nuclear site, strengthening its energy ties with Moscow and advancing its domestic nuclear ambitions.
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Woodbridge Ventures announces acquisition of Greenflame and prepares entry into oil sector
Woodbridge Ventures II Inc. signs definitive agreement with Greenflame Resources for a transformative merger, alongside a concurrent financing of up to $10mn.
Brussels investigates €30bn public loan for two reactors in Czechia
The European Commission opens an in-depth investigation into Prague's public funding of a major nuclear project, which could reach €30bn ($32.88bn), with guaranteed revenues over forty years.

Harbour Energy acquires LLOG Exploration for $3.2bn to boost reserves

Harbour Energy acquires US offshore operator LLOG for $3.2bn, adding 271 million barrels in reserves and establishing a fifth operational hub in the Gulf of Mexico.
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Canberra imposes mandatory gas reserve to secure domestic supply
The Australian government will require up to 25% of gas extracted on the east coast to be reserved for the domestic market from 2027, in response to supply tensions and soaring prices.
Tilda deploys AI-based energy optimisation in Vietnam’s industrial sector
South Korea’s Tilda accelerates its entry into Vietnam with an artificial intelligence-based energy optimisation solution for solar and energy storage systems in the manufacturing sector.

JA Solar and Trinasolar Lead a Global Solar Market in Crisis

JA Solar and Trinasolar top Wood Mackenzie’s latest semiannual ranking despite a sector-wide net loss of $2.2 billion. Industrial leaders are strengthening their grip on global photovoltaic module supply through rigorous financial discipline.
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Venezuelan oil: Caracas maintains exports despite US naval blockade
The Venezuelan national oil company has confirmed the continuity of its crude exports, as the United States enforces a maritime blockade targeting sanctioned vessels operating around the country.
Three U.S. gas basins reshape prices, flows and contracts
Appalachia, Permian and Haynesville each reach the scale of a national producer, anchor the United States’ exportable supply and set regional differentials, LNG arbitrage and compliance constraints across the chain, amid capacity ramp-ups and reinforced sanctions.

South Korea under industrial pressure over emissions targets deemed unrealistic

South Korean refiners warn of excessive emissions targets as government considers cuts of up to 60% from 2018 levels.
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Mitsubishi Gas Chemical secures 1mn tonnes of low-carbon methanol from Transition Industries
Transition Industries signed a long-term purchase agreement with Mitsubishi Gas Chemical for the annual supply of 1mn tonnes of ultra-low carbon methanol starting in 2029, from its Pacifico Mexinol project in Mexico.
The liquid hydrogen micro-storage systems market to reach $738.6mn by 2034
Driven by aerospace, industrial gas, and hydrogen investment, the global liquid hydrogen micro-storage systems market is projected to grow 9% annually through 2034.

Sinopec and LG Chem Sign Agreement to Develop Sodium-Ion Battery Materials

Sinopec and LG Chem announce a strategic partnership to develop key materials for sodium-ion batteries. This collaboration aims to accelerate the commercialization of this technology in energy storage systems and low-speed electric vehicles.
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QatarEnergy awards EPC contract for 4.1 MTPA CCS project
QatarEnergy has awarded Samsung C&T Corporation an EPC contract for a 4.1 MTPA carbon capture project, supporting its expansion into low-carbon energy at Ras Laffan.
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.

Air Liquide raises €2.15bn to finance the purchase of South Korea’s DIG Airgas

The French industrial gas group issued bonds with an average rate below 3% to secure the strategic acquisition of DIG Airgas, its largest transaction in a decade.
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Excelerate Energy to build Iraq’s first floating LNG terminal in $450 mn deal
Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop a floating liquefied natural gas import terminal at Khor Al Zubair, with a projected investment of $450 mn.
MIT launches Macro, a modelling tool to anticipate energy infrastructure needs
A new software developed by MIT enables energy system planners to assess future infrastructure requirements amid uncertainties linked to the energy transition and rising electricity demand.
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NNPC launches stake sale in several oil and gas assets
Global wind industry suffers historic downturn in 2025 despite Chinese resilience
Fukushima wind power milestone as Kagurayama begins operations
Washington suspends five offshore wind projects on East Coast over security concerns
Brazil, Guyana and Argentina support global crude oil growth in 2026
France Negotiates with Kazakhstan to Build a Nuclear Power Plant
Kazakhstan is discussing its first nuclear power plant project with France. EDF, Framatome, and Arabelle Solutions represent France against competition from Russia, China, and South Korea.
Could South Korea’s Political Conflict Alter Oil Supplies to Asia-Oceania?
Despite a major political crisis, South Korean refineries ensure the continuity of oil exports to Asia-Oceania, while union strikes could temporarily disrupt local distribution.

McDermott secures a strategic FEED contract with Repsol in Mexico

McDermott secures a strategic FEED contract with Repsol in Mexico
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Samsung C&T selects Nel ASA for a pilot hydrogen energy project in South Korea
Samsung C&T signs a contract with Nel ASA for the delivery of 10 MW of electrolyzers for South Korea's first pilot project producing pink hydrogen using nuclear power surpluses.
LG Energy Solution and GM collaborate on prismatic battery development
LG Energy Solution and General Motors announce a partnership to create advanced prismatic battery technology for future electric vehicles, strengthening their 14-year strategic collaboration.

Japan Boosts LPG Purchases While South Korea and China Resell Surplus

Japan increases liquefied petroleum gas (LPG) imports for winter, while South Korea and China resell their surplus on the Asian market.
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Oil prices fluctuate ahead of the OPEC+ meeting as the Bank of Korea surprises with a rate cut.
Oil prices edge slightly lower ahead of the key OPEC+ meeting, while the Bank of Korea shocks markets with a second consecutive rate cut, signaling significant economic challenges in Asia.
South Korea: Extension of Tax Cuts on LNG and Coal to Support Public Utilities
The South Korean government extends tax cuts on liquefied natural gas (LNG) and coal until June 2024 to ease losses faced by energy companies and maintain affordable tariffs despite inflationary pressures.

Maxeon reorganizes its operations to focus on the U.S. solar market

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.
Gestion des actifs solaires Espagne
2024: A Record Year for Solar Energy in the United States with 32 GW Added
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.
Trump Revives Tariff Threat on Oil: What Impact on the U.S. Industry?
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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Kogas and Japanese Buyers: No Use of Gazprombank for Sakhalin 2 LNG Imports
Kogas and several Japanese LNG buyers confirmed they do not use the Russian bank Gazprombank, sanctioned by the United States, for transactions related to the Sakhalin 2 project, ensuring no impact on their imports.
Canada’s Low-Carbon Ammonia Exports Face Challenges Similar to LNG
The development of low-carbon ammonia in Canada, aimed at the Asian market, faces regulatory and logistical hurdles reminiscent of those encountered by LNG projects, raising concerns about economic and operational feasibility.

Hanwha Power Systems and TC Energy partner to develop sCO₂ energy generation

Hanwha Power Systems and TC Energy collaborate to commercialize a waste heat recovery technology based on supercritical CO₂, aiming to produce zero-carbon energy within pipeline infrastructures.
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Incident at Brunei LNG: Controlled Disruption with No Immediate Impact
Incident at Brunei LNG: Controlled Disruption with No Immediate Impact
Mexico: A Long-Term Plan for Pemex Amid Critical Challenges
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.

Vietnam: Nghi Son refinery seeks to import more Kuwaiti oil

Facing growing domestic demand, Vietnam's Nghi Son refinery seeks government approval to increase its Kuwaiti oil imports, thereby exceeding its annual tax-free quota.
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COP29: Australia Increases Climate Support and Advocates for Green Hydrogen
As a contender to host COP31, Australia is pushing for ambitious climate commitments at COP29 in Azerbaijan, while promoting green hydrogen initiatives for Asian markets.
EDF challenges Czech decision on nuclear contract awarded to KHNP
EDF challenges Czech decision on nuclear contract awarded to KHNP
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