Oman

Shanghai Electric signs 342 MW deal with Econergy in Romania

Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.

The United States Raises Tariffs Against Colombia on Energy and Metals

The United States announces a tariff increase beyond the 10% base rate targeting several Colombian products. Bogotá has recalled its ambassador. The detailed list of tariff lines has not yet been published, while Colombia’s ban on coal exports to Israel remains in effect.

China cuts its oil surplus to 570,000 barrels per day and prepares a cycle of strategic purchases

The decline in imports and the rise in refining in September reduced China’s crude surplus to its lowest in eight months, opening the way for tactical buying as Brent slips below 61 dollars.
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Jordan: exporting its electricity via Syria, operational levers and constraints

Jordan can export electricity if three conditions align: fuel availability for its power plants, measurable system surplus, and a functional transit framework via Syria to Lebanon with clear metering and settlement rules.

Oman bets on cobalt and nickel catalysts to boost green hydrogen

Sultan Qaboos University announces a breakthrough in water electrolysis using new rare-metal catalysts, improving production efficiency by more than 30%.

End of JCPOA reignites uncertainty over Iran’s nuclear programme

The formal expiration of the 2015 nuclear deal with Iran comes as international sanctions have already been reinstated and diplomatic negotiations remain stalled.
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Prisma Photonics raises $30mn to expand its optical fibre infrastructure monitoring platform

Israeli company Prisma Photonics has raised $30mn in a funding round led by Protego Ventures to develop its artificial intelligence-based detection system for power grids and critical infrastructure.

Brent under pressure: traders expect prices to fall towards $60

Major global oil traders anticipate a continued decline in Brent prices, citing the fading geopolitical premium and rising supply, particularly from non-OPEC producers.

China’s crude oil imports rise 3.9% in September

China imported an average of 11.5 million barrels of crude oil per day in September, supported by higher refining rates among both state-run and independent operators.
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Washington targets Iranian oil with new sanctions on phantom fleet

The US Treasury Department has imposed sanctions on more than 50 entities linked to Iranian oil exports, targeting Chinese refineries and vessels registered in Asia and Africa.

Algeria signs two oil assessment agreements with Petrogas E&P

Alnaft has signed two study agreements with Omani firm Petrogas E&P on the Touggourt and Berkine basins, aiming to update hydrocarbon potential in key oil-producing areas.

Chinese refineries cut Iranian crude purchases by 46% in September

Import quotas exhaustion and falling demand push Chinese independent refineries to sharply reduce Iranian crude volumes, affecting supply levels and putting downward pressure on prices.
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Sembcorp secures new 10-year contract for its Salalah power plant

Sembcorp Salalah Power & Water Company has obtained a new 10-year Power and Water Purchase Agreement from Nama Power and Water Procurement Company, ensuring operational continuity until 2037.

Beijing transfers up to $8.4bn to Iran through parallel oil network

China has established a clandestine oil-for-projects barter system to circumvent US sanctions and support Iran’s embargoed economy, according to an exclusive Wall Street Journal investigation.

Project InnerSpace unveils GeoMap in the Middle East with 14,000 GW geothermal potential

The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.
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Putin calls for new financing models for global nuclear energy

At World Atomic Week in Moscow, the Russian president advocated for a reform of civil nuclear funding mechanisms, urging stronger involvement from multilateral financial institutions.

UN sanctions on Iran reactivated, increased pressure on trade

The activation of the snapback mechanism reinstates all UN sanctions on Iran, directly affecting the defence, financial and maritime trade sectors.

North Korea reportedly holds two tonnes of weapons-grade enriched uranium

Seoul estimates Pyongyang holds enough highly enriched uranium to produce up to 50 atomic bombs, reigniting concerns over its growing nuclear arsenal despite international sanctions.
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Tehran faces heavy sanctions 48 hours before nuclear deal expiration

Iran has less than two days to avoid the reinstatement of United Nations sanctions, as Europeans and the United States deem its nuclear commitments insufficient.

Iran signs agreement with Rosatom to develop small modular reactors

Iran and Russia have signed a memorandum of understanding for the design and construction of small modular nuclear reactors, strengthening their cooperation in the field of civilian nuclear energy.

Israel inaugurates a pioneering power plant using wave energy

The first Israeli onshore wave-powered energy plant is operational in Jaffa. This project represents a strategic milestone for energy diversification and technological innovation.

Washington tightens sanctions against Iran’s “ghost fleet” of oil tankers

The United States has imposed new sanctions on 35 Iranian ships accused of clandestinely exporting oil, aiming to curb revenues financing Tehran's nuclear program and regional activities.

United Kingdom / Qatar: One Billion for Climate Technologies

Qatar will invest one billion pounds in climate technologies in the United Kingdom, an agreement hailed by Prime Minister Keir Starmer as a "significant step forward" during the official visit of Emir Al-Thani.
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Ace Green Recycling plans global growth with public listing

Ace Green Recycling merges with Athena Technology Acquisition Corp. II to accelerate its development, with plans for expansion in Texas and specialized technology in energy storage for lead and lithium-ion batteries.

Iran accelerates uranium enrichment with advanced centrifuges

Iran has brought thousands of next-generation centrifuges online, increasing uranium enrichment to 60%, defying a recent resolution by the International Atomic Energy Agency (IAEA).

Iranian Oil Exports Surge, Weakening Demand for Conventional Tankers

The unexpected growth in Iranian oil exports, combined with slowing Chinese demand, disrupts the global tanker market as sanctioned fleets capture a growing share of maritime trade.
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U.S. Sanctions: Iraq at the Heart of Global Energy Diplomacy

The Trump administration considers sanctions against Iraq to limit Iranian influence. These measures could redefine the geopolitical and economic dynamics of the global energy market.

Goldman Sachs forecasts a Brent price drop to $76 in 2025

The American bank anticipates a decline in Brent crude oil prices to $76 per barrel in 2025, driven by an oversupply in the global oil market, despite ongoing geopolitical tensions.

OPEC+ faces strategic challenges ahead of a decisive meeting on oil production

OPEC+ members meet amidst tensions over production targets, global economic uncertainties, and weak demand, particularly in China.
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Iran defies the IAEA by launching thousands of advanced centrifuges

Iran has activated thousands of advanced centrifuges to enrich uranium up to 60%, defying a recent resolution by the International Atomic Energy Agency (IAEA) criticizing its lack of cooperation.

Global LSFO Demand Weakness Narrows Price Spread Between Singapore and Fujairah

The marine fuel market faces abundant stockpiles and geopolitical tensions. The price gap for low-sulfur fuel oil (LSFO) between Singapore and Fujairah has reached its narrowest point in three months, reflecting limited demand and pressure on margins.

VLGC freight rates remain low despite Panama Canal recovery

The easing of Panama Canal constraints and growing liquefied petroleum gas (LPG) fleet have kept Very Large Gas Carrier (VLGC) freight rates at historically low levels, with uncertain market prospects ahead.
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Iran: Intensifying Nuclear Capabilities Amid International Pressure

In response to IAEA criticism, Iran has activated new advanced centrifuges, escalating its nuclear program and heightening tensions with Western powers.

Iran warns against European resolution on its nuclear program

Tehran warns that the European resolution condemning its nuclear program at the IAEA risks severely disrupting relations with the UN agency ahead of a crucial vote.

The West Condemns Iran’s Lack of Cooperation on Nuclear Program

The United States and European nations have presented a resolution at the IAEA condemning Iran for failing to fully cooperate on its nuclear program. Tehran warns of repercussions following this decision.
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Oman bets on hydrogen to attract international investors

Oman hosts its first gH2 Investors Day to showcase concrete projects and investment opportunities in a rapidly growing energy sector.

Orano temporarily suspends uranium extraction activities in Niger

Orano temporarily suspends uranium extraction activities in Niger

IAEA Chief in Iran: A Crucial Visit to Sensitive Nuclear Sites

Rafael Grossi, head of the IAEA, visits Iran to inspect the Fordo and Natanz sites. This visit comes as Tehran seeks to dispel doubts about its nuclear ambitions.
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Rafael Grossi in Iran: Crucial Discussions on the Nuclear Program

IAEA Director General Rafael Grossi visits Iran to revive inspections and seek a diplomatic resolution on Iran's nuclear program amid growing international tensions.

Niger invites Russian companies to exploit its natural resources

Niger opens its doors to Russian companies for the exploration of its natural wealth, marking a strategic shift as tensions persist with French companies, particularly over uranium.