Saudi Arabia

GridStor acquires 400 MWh storage project in Arizona from Strata Clean Energy

GridStor has acquired a 100 MW battery storage project in Arizona from Strata Clean Energy, under a 20-year tolling agreement with Arizona Public Service to meet rising power demand.

HIF Global selects Electric Hydrogen to equip its e-fuels plant in Texas

HIF Global has chosen American-made electrolyser technology from Electric Hydrogen for its large-scale e-methanol production project in Texas, marking a major industrial milestone in the synthetic fuels sector.

US gas projects slowed by supply chain despite faster federal permitting

Natural gas executives report delays due to turbines, steel and legal risk, even as federal approval timelines improve.
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ERCOT surpasses California with 14.2 GW of battery storage capacity

Texas grid ERCOT becomes the top US battery storage market, contributing over half of national Q2 additions with 3.2 GW and overtaking California for the first time.

Brussels seeks to accelerate ban on Russian LNG in 19th sanctions package

The European Commission is preparing a new sanctions package including an accelerated ban on Russian liquefied natural gas, with negotiations already underway among member states.

Greenlane secures $7.9mn in biogas desulfurization equipment orders across Europe

Canadian supplier Greenlane recorded $7.9mn in third-quarter orders through its subsidiary Airdep, confirming growing demand for its biogas desulfurization systems in Europe and the Americas.
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NANO Nuclear sells ODIN reactor technology to Cambridge Atom Works for $6.2mn

The sale of ODINâ„¢ technology to Cambridge Atom Works allows NANO Nuclear to refocus on its modular gas reactor portfolio while capitalising on potential royalty revenue.

Daikin assigns ENGIE to supply solar power to its Texas sites under five-year deal

Japanese manufacturer Daikin has signed a five-year agreement with ENGIE North America to supply solar electricity to its Texas sites, including its main North American production centre.

Virtual power plant capacity reaches 37.5 GW as corporate activity drives growth

North America's virtual power plant market expanded by 13.7% year-over-year, driven by a more than 33% increase in corporate deployments, end users, and monetised programmes.
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Washington approves $130mn project to connect Moldova’s grid to Europe

The United States is funding a new high-voltage line to integrate Moldova into the European electricity market, following the cutoff of supplies from the separatist Transnistria region.

Morgan Stanley merges energy and utilities teams into new global group

The US investment bank is restructuring its operations by merging its energy and utilities divisions to form a global power and energy unit.

Brussels and Washington prepare new energy sanctions against Moscow

The European Commission and the United States plan to intensify their economic measures against Russia, targeting the energy sector and cryptocurrencies in a new sanctions package.
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Adnoc withdraws $18.7 billion bid to acquire Santos

The consortium led by Adnoc ends its acquisition plans for Santos, the Australian liquefied natural gas supplier, citing commercial and contractual factors that impacted the evaluation of its offer.

Meyer Burger gives up on rescue amid Chinese pressure and US uncertainty

Facing falling Chinese prices and unstable energy policies in the United States, Swiss solar module manufacturer Meyer Burger announces the end of its recovery efforts.

Paris, Berlin and London give Iran ten days to avoid reinstated sanctions

European powers demand concrete steps from Tehran on nuclear issue or United Nations sanctions will be reinstated, as IAEA inspections remain blocked and tensions with Washington persist.
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Elcogen opens €50mn plant in Estonia for fuel cells and electrolysers

Elcogen opens a 14,000 m² facility near Tallinn, increasing annual capacity to 360 MW for Solid Oxide fuel cells and electrolysers, with backing from Baker Hughes and HD Hyundai.

Sion Power launches ultra-thin lithium-metal anode with 2-micron vacuum deposition

Sion Power has developed a vacuum deposition technology enabling the production of ultra-thin lithium-metal anodes, doubling cell life and allowing large-scale industrial manufacturing.

Macquarie injects $350mn to support Nexamp’s solar and storage expansion in the United States

Macquarie Asset Management has granted $350mn in financing to Nexamp to accelerate the development of large-scale solar and battery storage projects across the U.S.
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Independent producers generated $563bn in US GDP in 2024

A study reveals that independent oil and gas producers supported over 3.1 million jobs and generated $129bn in taxes, representing 87% of the US upstream sector’s economic contributions.

CPS Energy acquires 1,632 MW of natural gas capacity from ProEnergy for $1.39bn

Texas-based utility CPS Energy acquires four natural gas power plants from ProEnergy for $1.39bn, strengthening its footprint in the ERCOT market with operational dual-fuel infrastructure.

Diamondback Energy reports $699mn net income and intensifies share buybacks in Q2 2025

Diamondback Energy posted a $699mn net income for the second quarter of 2025 and accelerated its share repurchase programme, supported by record production and an upward revision of its annual guidance.

ONEOK posts higher results and invests in growth in the second quarter of 2025

ONEOK reports net profit of $841mn in the second quarter of 2025, supported by the integration of EnLink and Medallion acquisitions and rising volumes in the Rockies, while maintaining its financial targets for the year.

Transocean reports a net loss of $938mn in the second quarter despite revenue growth

Swiss group Transocean reported a net loss of $938mn for the second quarter 2025, impacted by asset impairments, while revenue rose to $988mn thanks to improved rig utilisation.
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Archrock posts strong revenue growth and adjusts its 2025 outlook

Archrock reports marked increases in revenue and net profit for the second quarter of 2025, raising its full-year financial guidance following the acquisition of Natural Gas Compression Systems, Inc.

Princeton NuEnergy accelerates direct lithium-ion battery recycling with key funding

Princeton NuEnergy receives a SuperBoost grant to industrialise its direct lithium-ion battery recycling process, strengthening the resilience of the U.S. supply chain and national security objectives.

Fluenta equips Louisiana site with Bias-90 FlarePhase system for COâ‚‚ measurement

Fluenta has completed the installation of its Bias-90 FlarePhase system at the Pelican Amine Treating Plant in Louisiana, marking progress in the measurement of flare gas flows with very high carbon dioxide concentrations.
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Google and Indiana Michigan Power agree to integrate energy flexibility in Fort Wayne

Indiana Michigan Power and Google sign a contract to establish flexible management of electricity demand, aiming to support network stability amid industrial and digital growth in the Fort Wayne region.

XKIG acquires River City Construction and strengthens its position in the United States

XKIG expands its presence in the US energy infrastructure market by integrating River City Construction, a specialist in construction and maintenance for power grids, telecommunications and renewable energy.

Fortistar and Epic Star Energy complete acquisition of solar portfolio in Hawaii

Fortistar and Epic Star Energy take control of a group of strategic renewable assets, including a solar power plant in Kauai, marking a major milestone for Hawaii's energy development.
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bp accelerates maintenance and production with Argos extension in the Gulf of America

The rapid commissioning of bp’s Argos Southwest extension in the Gulf of America strengthens maintenance capabilities and optimises offshore oil production performance.

Wood Mackenzie forecasts a 46% decline in US residential solar by 2030

According to Wood Mackenzie, the end of the tax credit in the United States could lead to a 46% drop in new residential solar installations by 2030, despite strong long-term market potential.

OPEC+ Accelerates Production Hikes Amid Shifting Oil Market Dynamics

Eight OPEC+ countries boost output by 547,000 barrels per day in September, completing their increase program twelve months early as Chinese demand plateaus.
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BOEM Abandons Five-Year Schedule to Increase Flexibility in Offshore Wind Auctions

Washington removes regulatory requirement mandating biennial publication of five-year schedule for offshore renewable energy auctions, offering increased flexibility to Interior Secretary.

India rejects Trump’s tariff threats over Russian oil purchases

New Delhi calls US sanctions unjustified and denounces double standard as Trump threatens to substantially increase tariffs.

EU suspends 93 billion euros in tariffs against Washington

Brussels freezes its retaliatory measures for six months as July 27 deal imposes 15% duties on European exports.
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BP increases net profit to $1.63 bn in the second quarter and launches share buyback

BP posts a net profit of $1.63 bn in the second quarter 2025, driven by operational performance, an operating cash flow of $6.3 bn and a new $750 mn share buyback programme.

Commonwealth LNG awards Technip Energies EPC contract for major gas project in the United States

Commonwealth LNG selects Technip Energies for the engineering, procurement and construction of its 9.5 mn tonnes per year liquefied natural gas terminal in Louisiana, marking a significant milestone for the American gas sector.

Aramco maintains resilience with $24.5 billion profits in second quarter 2025

The Saudi oil giant posts solid results despite falling oil prices. The company pays $21.3 billion in dividends and advances its strategic projects.
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Saudi Aramco and Sonatrach cut LPG prices by 5 to 10% for August

Saudi Aramco and Sonatrach have announced a reduction in their official selling prices for liquefied petroleum gas in August, reflecting changes in global supply and weaker demand on international markets.

Indian Oil Corp acquires 7 mn barrels from the United States, Canada and the United Arab Emirates

Faced with falling discounts on Russian oil, Indian Oil Corp is purchasing large volumes from the United States, Canada and Abu Dhabi for September, shifting its usual sourcing strategy.