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Iran and IAEA sign technical agreement to restart nuclear inspections
Iran has reached a new agreement with the International Atomic Energy Agency to formalise the resumption of inspections, following months of suspension linked to military tensions and criticism of its nuclear programme.
Voltalia unveils SPRING, a strategic plan to restore profitability by 2026
Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.

Ethiopia commissions Africa’s largest hydroelectric dam

The Grand Ethiopian Renaissance Dam is now fully operational, with a planned capacity of 5,150 MW, marking a key step in the country’s energy deployment.
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Jordan ready to export electricity to Syria pending grid connections
Amman confirms its grid readiness to supply Syria during off-peak hours, pending completion of Syrian infrastructure.
BW Energy raises $365mn for Maromba FPSO and secures drilling rig
BW Energy has finalised a $365mn financing for the conversion of the Maromba FPSO offshore Brazil and signed a short-term lease for a drilling rig with Minsheng Financial Leasing.

Vantage Drilling signs 260-day contract for the Platinum Explorer

Vantage Drilling has finalised a major commercial agreement for the deployment of the Platinum Explorer, with a 260-day offshore mission starting in Q1 2026.
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OPEC+ approves 137,000 barrels/day increase starting in October
OPEC+ begins a new phase of gradual production increases, starting to lift 1.65 million barrels/day of voluntary cuts after the early conclusion of a 2.2 million barrels/day phaseout.
ADNOC Gas joins FTSE Emerging Index, unlocking up to $250mn in investments
ADNOC Gas will join the FTSE Emerging Index on September 22, potentially unlocking up to $250mn in liquidity, according to market projections.

BlueNord lowers Tyra production guidance for Q3 2025

Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.
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OPEC+ prepares for decisive debate on quotas amid surplus risk
Eight OPEC+ members will meet to adjust their quotas as forecasts point to a global surplus of 3 million barrels per day by year-end.
UK prepares new oil tax regime to revive UKCS competitiveness
The United Kingdom is set to replace the Energy Profits Levy with a new fiscal mechanism, caught between fairness and simplicity, as the British Continental Shelf continues to decline.

Norway tests first commercial cargo flight with fully electric aircraft

An American-built electric aircraft completed a test flight between Stavanger and Bergen, marking a key step in integrating zero-emission air cargo operations into Norwegian airspace.
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Orsted sues Trump administration over halt of Revolution Wind project
Orsted and two U.S. states have taken federal legal action to contest the abrupt halt of the Revolution Wind project, a $5 billion offshore venture now at risk of prolonged suspension.
Italy seeks energy guarantees in potential sale of IP to SOCAR
The Italian government is demanding assurances on fuel supply security before approving the sale of Italiana Petroli to Azerbaijan's state-owned energy group SOCAR, as negotiations continue.

UAE energy undersecretary visits Tellus Power in Hong Kong

The visit marks a new step in the cooperation between the United Arab Emirates and Tellus Power, aiming to establish an EV charging station production unit in the Gulf.
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Dr Sultan Al Jaber wins ICIS CEO of the Year 2025 award for strategic performance
ADNOC Group CEO Dr Sultan Al Jaber has been named 2025 CEO of the Year by his global chemical industry peers, recognising his role in the company’s industrial expansion and international investments.
Scatec signs 15-year power purchase agreement for a solar plant in Colombia
Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.

BW Offshore selected by Equinor for Bay du Nord FPSO development

BW Offshore has been chosen by Equinor to supply the FPSO unit for Canada’s Bay du Nord project, marking a key milestone in the advancement of this deepwater oil development.
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Equinor injects up to $939mn to support Ørsted’s capital increase
Equinor confirms its participation in Ørsted’s capital increase, aiming to maintain its 10% stake and support the financial stability of the Danish group facing headwinds in offshore wind.
Egypt commits $343mn to new gas drilling to support supply
The Egyptian government signs four exploration agreements for ten gas wells, allocating $343mn to limit the impact of the rapid decline in national production.
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Orazul Energy launches cash tender offer for its 2027 notes
Iraq in talks with ExxonMobil for refining capacities in Asia
Greek shipowners cut Russian crude links under new compliance rules
Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey
NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports
COP28 host’s new climate targets deemed “insufficient
The United Arab Emirates' climate plan is causing controversy: judged "insufficient" by one analysis, it struggles to align its ambitions with rising oil production. COP28 is taking place against a backdrop of persistent environmental challenges.
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Masdar launches its first green bond
Masdar announces the launch of its inaugural 10-year, $750 million Green Bond, reinforcing its commitment to the global energy transition and sustainable development.
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ADNOC: Middle East’s first fast hydrogen station

A historic step towards sustainable mobility: ADNOC opens the first hydrogen station in the Middle East, a major step towards decarbonizing the United Arab Emirates.
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Fossil fuels: a coalition of countries calls for an “urgent phase-out”.
A coalition of eighteen countries led by the Marshall Islands is calling for an urgent phase-out of fossil fuels and a peak in greenhouse gas emissions by 2025. They call for systemic transformations across all sectors, starting with a rapid decline in fossil fuel production and use by this decade to combat global warming and meet the Paris Agreement target.
Al Jaber engages with European Union ministers
COP28 President Sultan Al Jaber meets EU energy and environment ministers in Spain to discuss climate action, energy transition and the financing needed to combat climate change on a global scale.
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Aker BP: Oil discovery near Yggdrasil

Aker BP is about to complete drilling of the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area of the Norwegian North Sea. This discovery increases the resource base for the Yggdrasil development, previously estimated at 650 million barrels (gross). Production is scheduled to start in 2027.
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COP28 President calls for increased climate finance for Africa
The critical lack of climate finance in Africa jeopardizes the continent's sustainable development and undermines global climate goals. COP28 President-elect Dr. Sultan Al Jaber urges a significant increase in public and private funding to combat climate change in Africa.
COP28: a hundred American and European elected officials demand the President’s withdrawal
Elected officials from the U.S. Congress and the European Parliament are demanding the withdrawal of the nomination of an oil industry boss for the presidency of COP28 in Dubai. Despite his defense, the appointment of the Emirati Minister of Industry is strongly criticized.

Equinor suspends Norwegian offshore wind farm Trollvind

Equinor, a leader in the energy industry, announces the indefinite postponement of the Trollvind offshore wind project due to multiple technical, financial and timing challenges. Despite this setback, Equinor reaffirms its commitment to developing floating wind energy in Norway.
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Johnson Matthey and Hystar enter into strategic partnership
Johnson Matthey (JM) and Hystar join forces to accelerate the production of renewable hydrogen. Through a three-year strategic agreement, JM will supply key components for Hystar's electrolyzers, while the two companies will continue to work together to improve system performance and durability.
EETC and Scatec launch studies on the Egypt-Europe power interconnection project
Egypt and Norway are partnering on a major power interconnection project between Egypt and Europe via Italy. This ambitious project aims to export up to three gigawatts of electricity from Egypt to Europe via an undersea cable. This initiative strengthens the ties between Egypt and the European Union in the field of renewable energy.

OPEC maintains its global demand forecast for 2023

Opec is maintaining its forecast for global oil demand growth, driven by non-OECD countries, despite economic and geopolitical uncertainties. Oil prices have fallen, prompting OPEC to cut production to support prices.
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UAE Climate Tech Conference: Dr Al Jaber calls for collective action
More than 1,500 leaders gathered in Abu Dhabi for the UAE Climate Tech conference, where the UAE Minister of Industry and Advanced Technology called for collective climate action to reduce emissions by at least 43% by 2030.
Eni successfully unloads the first LNG cargo ship in Piombino
Eni has successfully unloaded the first LNG cargo at the new Snam regasification terminal in Piombino. This acquisition of regasification capacity is part of Eni's strategy to diversify LNG supplies in Italy.

Aramco announces a profit of $31.9 billion, down 19%.

Aramco recorded a 19.25% drop in net profit in Q1 2023 but remains the source of more than 75% of the majors' combined profits. The company is maintaining its long-term expansion plans despite the decline in hydrocarbon prices and fears of a global recession.
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Egypt: Construction begins on Unit 3 of the El Dabaa nuclear power plant
The El Dabaa nuclear power plant project in Egypt reaches a major milestone with the start of construction of Unit 3. This large-scale project involves contracts between NPPA and Rosatom for the construction of four VVER-1200 units, as well as the supply of Russian nuclear fuel for the entire life of the plant.
The EU proposal to break the climate impasse
At COP28, the EU will push for a global target for renewable energy deployment and accelerated emissions reductions, but the policy surrounding the phase-out of fossil fuels will be difficult to navigate.

Fossil fuels still have a role to “play”, says COP28 president

The COP28 president is banking on CO2 capture technology to continue using fossil fuels, while calling for a tripling of renewable energy production by 2030. However, NGOs believe that this solution is neither reliable nor sufficient to address the climate crisis.
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Iran seizes oil tanker in the Gulf, Washington calls for its release
Iran seizes a tanker in the Strait of Hormuz, the second incident in a week, and the United States calls on Iran to immediately release the seized vessel in this strategic maritime zone.
Gas: $1 billion agreement between UAE’s ADNOC and TotalEnergies
TotalEnergies signs a three-year agreement with ADNOC Gas to supply it with liquefied natural gas and diversify its supply sources in Europe. This agreement is primarily aimed at the Asian market and is part of a search for energy security in the face of Russian dependence.
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