Russia

Russia and Iran seek to strengthen their nuclear cooperation as the E3 activates the sanctions mechanism against Tehran, reigniting tensions over compliance with the 2015 Vienna agreement.
The three European powers activate the UN sanctions mechanism against Iran, increasing pressure on the country's oil exports as Tehran maintains high production despite Western measures.

AP1000 reactor certification extended in the US until 2046

The United States Nuclear Regulatory Commission has granted a 40-year extension for the AP1000 reactor design certification, supporting its long-term construction domestically and deployment abroad.
en_11402808275540
The United States extends a 30-day reprieve to NIS, controlled by Gazprom, as Serbia seeks to maintain energy security amid pressure on the Russian energy sector.
Bp has awarded Baker Hughes a long-term service agreement for the Tangguh liquefied natural gas plant, covering spare parts, maintenance and technical support for its turbomachinery equipment.

CNOOC signs two gas exploration contracts in Indonesia with EnQuest and Agra

CNOOC Limited has signed two production sharing contracts with SKK Migas to explore the Gaea and Gaea II blocks in West Papua, alongside EnQuest and Agra.
en_11402608265540
India’s coking coal imports are rising and increasingly split between the United States and Russia, while Australian producers redirect volumes to China; 2025 results confirm a shift in trade flows.
Amid repeated disruptions on the Druzhba pipeline, attributed to Ukrainian strikes, Hungary has requested U.S. support to secure its oil supply.

Ukrainian Arrested in Italy Refuses Extradition for Nord Stream Sabotage

First suspect linked to the Nord Stream pipeline explosions, a Ukrainian citizen challenged by Berlin opposes his judicial transfer from Italy.
en_1140250839540
Ukrainian drones targeted a nuclear power plant and a Russian oil terminal, increasing pressure on diplomatic talks as Moscow and Kyiv accuse each other of blocking any prospect of negotiation.
Vattenfall advances its nuclear project in Sweden by selecting two modular reactor suppliers, GE Vernova and Rolls-Royce SMR, for a potential installation on the Värö Peninsula.

Ukrainian Arrested in Italy for Alleged Role in Nord Stream Sabotage

A Ukrainian national suspected of coordinating the Nord Stream pipeline sabotage has been apprehended in Italy, reigniting a judicial case with significant geopolitical implications across Europe.
en_11402108217540
Verra and S&P Global Commodity Insights join forces to build a next-generation registry aimed at strengthening carbon market integration and enhancing transaction transparency.
A surprise drop in US crude inventories and renewed focus on peace talks in Ukraine are shaping oil market dynamics.

Masdar mobilizes USD 1.685 billion for energy projects through green bonds

Masdar has allocated the entirety of its 2023–2024 green bond issuances to solar, wind, and storage energy projects, while expanding its financial framework to include green hydrogen and batteries.
en_114019082028540
Energiekontor launches a €15 million corporate bond at 5.5% over eight years, intended to finance wind and solar projects in Germany, the United Kingdom, France, and Portugal.
Peabody Energy abandons the acquisition of Anglo American’s Australian coal assets, triggering an arbitration process following the failure of a post-incident agreement at the Moranbah North mine.

U.S. Tariffs: India Increases Brazilian Crude Imports by 80% in 2025

Indian imports of Brazilian crude reach 72,000 barrels per day in the first half of 2025, driven by U.S. sanctions, and are expected to grow with new contracts and upstream projects between Petrobras and Indian refiners.
en_1140180843540
Azerbaijani energy infrastructure targeted in Ukraine raises concerns over the security of gas flows between Baku and Kyiv, just as a new supply agreement has been signed.
Oil flows to Hungary and Slovakia via the Russian Druzhba pipeline have been halted, following an attack Budapest attributes to repeated Ukrainian strikes.
The integration of carbon capture credits into the British trading system by 2029 raises questions about the price gap with allowances and limited supply capacity.
Element 2 strengthens its partnership with HRS to install a mobile hydrogen station in Glasgow, as part of its expansion strategy for its refuelling network in the United Kingdom and Ireland.

Russia advances its position on uranium and civil nuclear energy in Niger

The Russian Minister of Energy announces strengthened cooperation in uranium and civil nuclear energy in Niger, reinforcing Russia's economic presence in a key sector following the withdrawal of several Western players.
en_1140310732540
Last Energy reaches a key regulatory step for its PWR-20 microreactor project in Llynfi, advancing towards the objective of securing a site licence by December 2027 from British authorities.
Slovenské elektrárne has signed an agreement with Urenco for the purchase of enriched uranium for the Bohunice and Mochovce nuclear power plants, strengthening the diversification of its supply sources until the mid-2030s.

US sanctions against NIS: Serbia secures a fifth 30-day reprieve

Serbia has secured a new 30-day reprieve from the application of US sanctions targeting NIS, operator of the country’s only refinery, which is majority owned by Gazprom.
en_114030072042540
The EU-US agreement could create a higher energy concentration than that of Russia before 2022, threatening the European diversification strategy.
The European commitment to purchase $250bn of American energy annually raises questions about its technical and economic feasibility in light of limited export capacity.

Elements Green secures £140mn funding for its 360 MW energy storage project in the UK

Elements Green has secured £140mn ($181mn) in funding to develop a 360 MW battery storage system, one of the largest in the country, with support from Goldman Sachs Alternatives.
en_114028072033540
Naftogaz and the State Oil Company of the Republic of Azerbaijan (SOCAR) have formalised an initial contract for natural gas delivery via the Transbalkan corridor, opening new logistical perspectives for Ukraine’s energy supply.
The agreement concluded between the National Energy System Operator (NESO) and ENTSO-E marks a new stage in the coordinated management of the electricity interconnection between the United Kingdom and the European Union, integrating shared regulatory and security axes.

Seventeen UK companies receive £63mn to accelerate sustainable fuel production

Seventeen UK companies secure £63mn ($81.5mn) to develop sustainable aviation fuels, supporting nearly 1,400 jobs and boosting the national sector.
en_114028072030540
The Neart na Gaoithe offshore wind farm, with a capacity of 450 megawatts, comes online off the coast of Scotland, mobilising GBP200 mn ($259 mn) in public and private investment for the region.
Donald Trump has raised the prospect of tariffs on countries buying Russian crude, but according to Reuters, enforcement remains unlikely due to economic risks and unfulfilled past threats.

Mozambique seeks Russian companies’ participation in natural gas development

Mozambique aims to strengthen the presence of Russian companies in natural gas exploration and production as the country looks to diversify its partnerships in the natural resources sector.
en_114025072052540
Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto states Budapest will block any European ban on Russian hydrocarbon imports, stressing the impact on household energy costs.
Tehran agrees to host experts from the International Atomic Energy Agency in the coming weeks, excluding any visit to sensitive sites as diplomatic tensions persist with European nations and the United States.

Saipem and Subsea7 validate their merger to create a global energy services giant

Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.
en_114025072046540
Hungary reaffirms its intent to double the capacity of its Paks nuclear power plant in partnership with Rosatom, with concrete works expected to begin in the autumn.
The British government is increasing by 11% the guaranteed price for offshore wind electricity to support projects facing inflation and supply chain constraints.