Sonatrach and Midad Energy North Africa signed a production-sharing hydrocarbon contract in the Illizi South perimeter, involving a total investment estimated at $5.4bn for exploration and exploitation of the site.
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.
The New Vista vessel, loaded with Abu Dhabi crude, avoided Rizhao port after the United States sanctioned the oil terminal partly operated by a Sinopec subsidiary.
New Delhi plans to allocate INR6.4tn ($77bn) to develop transmission infrastructure for 76 GW of electricity from the Brahmaputra Basin by 2047, amid growing cross-border pressures.
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.
The consortium led by Engie and Masdar has been selected to develop a 1.5 GW photovoltaic plant in Abu Dhabi, aimed at expanding the emirate’s solar capacity under its long-term energy strategy.
Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.
Aramco becomes Petro Rabigh's majority shareholder after purchasing a 22.5% stake from Sumitomo, consolidating its downstream strategy and supporting the industrial transformation of the Saudi petrochemical complex.
Crude prices rose following the decision by the Organization of the Petroleum Exporting Countries and its allies to increase production only marginally in November, despite ongoing signs of oversupply.
New Fortress Energy has initiated the initial ignition of its 624 MW CELBA 2 power plant in Brazil, starting the commissioning phase ahead of commercial operations expected later this year.
GVH and Samsung C&T join forces to accelerate international deployment of BWRX-300 small modular reactors, with a strong focus on Sweden and the consolidation of the nuclear supply chain.
Green ammonia reaches a new industrial milestone with 428 active projects and over $11bn in investments, highlighting accelerated sector growth across Asia, the Middle East, Europe and the Americas.
Dubai's electricity authority strengthens its electric vehicle charging network through three major contracts with ENOC, Dubai Taxi and Parkin under its EV Green Charger programme.
Al-Harfi and SCLCO signed agreements with Syrian authorities to develop solar and wind capacity, amid an ongoing energy rapprochement between Riyadh and Damascus.
Ethiopia has begun construction of its first crude oil refinery in Gode, a $2.5bn project awarded to GCL, aimed at strengthening the country’s energy security amid ongoing reliance on fuel imports.
Atlas Renewable Energy has signed a power purchase agreement with Chlorum Solutions to power its chemical operations in Brazil with 24 MW of solar energy from the Draco complex.
Malaysia LNG is progressively resuming operations following an unexpected shutdown of key modules at Bintulu due to a boiler malfunction, raising questions about the impacts on Asian and international liquefied natural gas markets.
The Vietnamese government has raised its renewable energy targets in a new version of its national energy plan, responding to continued growth in electricity demand.
The Director General of the International Atomic Energy Agency, Rafael Grossi, emphasised the urgency of reaching a deal on Iran's nuclear programme before crucial negotiations scheduled this weekend in Rome.
Tullow Oil sold its stakes in the Lokichar Basin to Gulf Energy while retaining a future entry right, marking a new step in its debt reduction strategy in Kenya.
The Ethiopian Prime Minister’s visit to TOYO’s factory in Vietnam signals a new phase in energy cooperation with the Japanese group, focusing on industrial expansion in Ethiopia.
Petro-Victory Energy secures key assets in Brazil through strategic alliances and acquisitions, consolidating its onshore market position and initiating a new phase of development.
Washington and Abu Dhabi pave the way for renewed civil nuclear cooperation, aiming to strengthen Emirati technological and energy capabilities within a complex regional strategic context.
Masdar and PT PLN (Persero) formalised two agreements to develop floating solar power generation in West Java and expand the Cirata project, operational since 2023.
Sinopec and Saudi Aramco have signed a framework agreement to expand the Yanbu complex, aiming to establish an integrated refining and petrochemical platform with high industrial capacity.
SBM Offshore finalises a non-recourse leaseback agreement worth $400 million for FPSO Cidade de Paraty, transferring ownership to a consortium of Chinese lessors for an eight-year period.
Italian group Snam will acquire nearly a quarter of Open Grid Europe for €920mn, expanding its gas infrastructure presence in Germany, subject to regulatory approvals expected by the third quarter of 2025.
In Brasilia, China and India urged BRICS members to resist carbon taxes and trade measures imposed without international consensus, calling for stronger existing multilateral frameworks.
TAQA will lead the construction and operation of a 1 GW gas-fired power plant in Al Dhafra as part of a strategic partnership with EWEC, supporting a total energy infrastructure investment of AED36bn in Abu Dhabi.
Saudi Aramco is considering new investments in Indian refinery projects after previous failures, as the country boosts refining capacity to meet rising domestic demand.
PowerChina has completed the Cirata floating photovoltaic power plant, a pioneering project in Indonesia that now supplies a quarter of the country's renewable energy production.
A massive fire broke out following a leak on a gas pipeline operated by Petronas in Selangor state, injuring over 100 people and causing significant damage in a residential area.
