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Saudi Arabia

ACWA Power secures 800MW in Morocco with technical support from Gotion High-Tech

ACWA Power secures the NOOR Midelt 2 and 3 solar-storage project in Morocco, outbidding European and Emirati competitors, with decisive backing from Gotion High-Tech’s storage technology.

BlackRock and partners target $10.3 billion for Aramco gas deal financing

A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.

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.
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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.

Italy faces ten-year delay on EU climate targets

A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.

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.
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Aramco and SOMO suspend crude supplies to India’s Nayara Energy

Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.

ACWA Power commits to study 2,500 MW of energy projects in Syria

ACWA Power has signed an agreement with the Syrian Ministry of Energy to assess up to 2,500 MW of solar, wind and storage projects, along with a technical audit of the national grid and existing infrastructure.

Kuwait launches tenders for 1.8GW energy and water project

The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.
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United States clears Rio Grande and Commonwealth LNG toward final decisions

U.S. regulators have approved two major milestones for Rio Grande LNG and Commonwealth LNG, clarifying their investment decision timelines and reinforcing the country’s role in expanding global liquefaction capacity.

Bangladesh finalises memorandum with Aramco for LNG supply deals

Petrobangla plans to sign a memorandum with Saudi Aramco to secure liquefied natural gas deliveries under a formal agreement, following a similar deal recently concluded with the Sultanate of Oman.

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.
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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.

Masdar completes financing for the 2 GW Al Sadawi solar project in Saudi Arabia

The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.

Global Petrochemical Investments Projected to Reach USD 956 Billion by 2032

Driven by rising industrial demand and emerging capacities in Asia, the global petrochemicals market is expected to see sustained expansion despite regulatory pressures and raw material cost challenges.
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Low-carbon ammonia faces technical and financial challenges in shipping

According to the Oxford Institute for Energy Studies, the adoption of low-carbon ammonia in maritime transport faces economic, regulatory, and safety barriers, despite growing international pressure to reduce emissions from the global fleet.

GIP Acquires 49.99% Stake in Eni CCUS Holding in Strategic Carbon Deal

Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.

Global EV Charging Points to Reach 206.6 Million by 2040

Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.
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TCL SunPower Global partners with Energia Italia to strengthen its network in Italy

TCL SunPower Global entrusts the distribution of its solar panels to Energia Italia, thereby consolidating its presence in the Italian market within a context of strategic restructuring.

The aviation fuel market projected to reach USD 751 billion by 2032

With an annual growth rate estimated at 10.11%, the global aviation fuel market could reach USD 751 billion by 2032, driven by increasing air traffic and new industrial partnerships.
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TotalEnergies secures four offshore oil exploration blocks in Liberia
Entech secures €14mn contract for agrivoltaic power plant in Mayenne
Mostostal Warszawa commissions 18.3 MW solar power plant in Janikowo
Alterric orders 13 E-175 EP5 E2 turbines from ENERCON for German project
US gas projects slowed by supply chain despite faster federal permitting

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.

ACWA Power signs agreements with Italian companies for global projects

ACWA Power has signed several partnerships with key Italian entities, focusing on project financing, supply chains, and industrial services in strategic markets.

Enilive launches major sustainable aviation fuel production in Sicily

Enilive has started producing sustainable aviation fuel (SAF) at its biorefinery in Gela, Sicily, with an annual capacity of 400,000 tons, meeting nearly a third of Europe's projected demand for 2025.
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Masdar increases its capacity to 51GW and energizes its global expansions

Masdar grows from 20GW to 51GW in a short period. This trajectory relies on solar, wind, and storage deployments backed by substantial financing, targeting a much higher goal in the medium term.

Côte d’Ivoire: Oil Production Exceeds Initial Forecasts

Oil and gas production from the Baleine field in Côte d’Ivoire has surpassed expectations, reaching 85,000 barrels per day thanks to the progress of its first two phases, according to the government.

Masdar boosts its capacity to 51GW through strategic acquisitions.

Masdar, supported by the United Arab Emirates, increased its energy capacity to 51GW in 2024, strengthening its global strategy through targeted acquisitions and key projects.
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Aramco and Ma’aden: A Strategic Partnership for Lithium Exploitation in Saudi Arabia

Aramco and Ma'aden announce a joint venture project to exploit lithium, a strategic mineral for the energy transition. This initiative aims to position Saudi Arabia as a key player in the market for critical minerals.

The Czech Republic Ends Its Dependence on Russian Oil

Thanks to the extension of the TAL pipeline, the Czech Republic diversifies its energy supply, reducing its dependence on Russian oil while enhancing its strategic security.

India and China at the Heart of Global Oil Dynamics in 2025

According to the KOMO Q1 2025 report by KAPSARC, India will dominate global oil demand growth with an additional 220 Kb/d, surpassing China and reaffirming Asia's central role in the energy market.
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Saudi Arabia awards BYD and Alfanar a 10,000 MWh contract

Saudi Electricity Company announces a strategic energy storage project, distributed across five sites and involving 2,500 MW of installed capacity. Two major players, BYD and Alfanar, share the work.

Saudi Arabia awards NEM Energy a contract for a 1.3-gigawatt power plant

NEM Energy will supply heat recovery steam generators for a 1.3-gigawatt power plant in Saudi Arabia, expected to enhance the national energy efficiency by 2028.

A global warming record with 1.55°C in 2024, the UN calls for urgent measures

In 2024, the global average temperature exceeded 1.55°C above pre-industrial levels, a historical record. Natural disasters are intensifying, and the UN urges immediate action to counter their growing impacts.
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France: Agnès Pannier-Runacher retains climate and decarbonization responsibilities

The French Minister of Ecological Transition, Agnès Pannier-Runacher, sees her responsibilities adjusted but remains in charge of combating climate change and leading decarbonization efforts despite losing direct control over energy.

At What Price Does Hydrogen Become Profitable?

The race for low-carbon hydrogen is intensifying, and the question of its breakeven threshold is gaining momentum.

Egypt Secures Financing for 1.1 GW Wind Farm Project Led by ACWA Power and HAU Energy

The Suez Wind Farm, with a capacity of 1.1 GW, has reached a major milestone with $703.6 million in funding, marking a pivotal step in Egypt’s energy transition strategy and efforts toward energy independence.
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The Development of Strategic Electric Interconnections

Electric interconnections have reshaped global energy systems, enabling cross-border cooperation and economic stability. Rooted in Oxford Energy Institute research, this piece highlights key agreements, technological milestones, and the diplomatic strategies driving these transformative infrastructures.

Germany Achieves 59% Renewable Electricity in 2024: A Historic Record

In 2024, Germany set a new record with 59% of its electricity produced from renewable sources, marking a key milestone after the complete shutdown of nuclear power. A balance of ecological progress and energy challenges.

France sets electricity export record with 89 TWh in 2024

In 2024, France achieved an unprecedented net electricity export level of 89 TWh, driven by a restored nuclear production and strengthened renewable performance.
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Italy, United States, and Africa Confirm 1342 MW in New Wind Energy Orders with Vestas

Vestas secures 1342 MW of wind energy orders across Europe, the United States, and Africa, driving renewable energy expansion globally.

Germany Suspends 20% of Kazakh Oil Imports After Pipeline Disruption in Poland

The disruption on the Druzhba pipeline, connecting Poland to Germany, halts 20% of Germany’s Kazakh oil supply, with a resumption expected by year-end.
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