SUBSCRIBE
PROFILE

Saudi Arabia

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.

Egypt signs new deals to revive domestic gas production

Cairo has concluded three new exploration agreements with Apache, Dragon Oil and Perenco, for a total investment of over $121mn, as national gas output continues to decline.

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.
en_1140150951540

$5.6bn battery plant to be built in Morocco still reliant on coal power

Gotion High-Tech will build a 100 GWh battery gigafactory in Kénitra, while Morocco’s power mix remains largely fossil-fuel based.

Fifth sanctioned Russian LNG carrier docks at Beihai terminal in China

The Iris carrier, part of the Arctic LNG 2 project, docked at China’s Beihai terminal despite US and EU sanctions, signalling intensifying gas flows between Russia and China.

Turbo Energy secures 366MWh industrial battery contract in Spain

Turbo Energy has secured a 366MWh contract to equip ten industrial sites in Spain with energy storage systems and a smart management platform, valued at approximately $53mn.
en_1140150956540

Canadian exports to China rise on back of expanded TMX pipeline

Canadian crude shipments from the Pacific Coast reached 13.7 million barrels in August, driven by a notable increase in deliveries to China and a drop in flows to the US Gulf Coast.

Russian Arctic LNG 2 deliveries to Asia to slow this winter

The accelerated arrival of Russian cargoes in China has lowered Asian spot LNG prices, but traffic is set to slow with the seasonal closure of the Northern Sea Route.

China–Russia: Beijing secures a gas hedge with PoS2 and LNG cargoes

Shipments of liquefied natural gas and higher pipeline flows strengthen China’s gas optionality, while testing the sanctions regime and reshaping price–volume trade-offs for the next decade.
en_1140140945540

Octopus Energy partners with Ming Yang to accelerate wind development in the UK

Octopus Energy has signed a strategic agreement with Ming Yang Smart Energy to deploy up to 6 GW of wind projects in the UK, combining software technology and turbines to boost local capacity.

IEA warns of 3.3 million barrel oil surplus in 2026

Increased output from Opec+ and non-member producers is expected to create a global oil surplus as early as 2025, putting pressure on crude prices, according to the International Energy Agency.

Kazakhstan entrusts German Nukem with oversight of its nuclear back-end

Kazakhstan has signed an agreement with Nukem Technologies Engineering Services GmbH to benefit from German expertise in nuclear decommissioning and radioactive waste management.
en_114015092066540

Transatlantic rift over Russian oil reduces Indian volumes in October

The divide between the United States and the European Union over regulations on Russian oil exports to India is causing a drop in scheduled deliveries, as negotiation margins tighten between buyers and sellers.

A CNY4.2bn contract awarded for China’s Xuwei nuclear project

A Chinese consortium has secured a CNY4.2bn ($594mn) contract for the construction of conventional islands for the Xuwei nuclear project, combining third and fourth generation reactors.

Rosatom and CNNC formalise cooperation agreement on nuclear training

Rosatom and China National Nuclear Corporation signed a memorandum of understanding to strengthen bilateral cooperation in talent development and skills training in the nuclear sector.
en_114015092064540

Global wind sector targets 2 TW installed capacity by 2030 despite uncertainties

Driven by China's acceleration, global wind capacity is expected to reach 170 GW in 2025, paving the way for a doubling of installed capacity by 2032.

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.
en_1140909268540

Germany urges European Union for more flexibility on 2035 combustion car ban

Berlin questions the ban on sales of combustion cars from 2035, as German automakers warn of economic and industrial risks for the country.

Union strike threatens fuel deliveries from Dangote refinery

Nigeria’s two main oil unions have halted loadings at the Dangote refinery, contesting the rollout of a private logistics fleet that could reshape the sector’s balance.
  • Populaires sur energynews.pro
Washington challenges Maryland offshore wind farm permit in federal court
Octopus Energy partners with Ming Yang to accelerate wind development in the UK
Vallourec signs $1bn contract with Petrobras for Brazilian offshore operations
Rosatom and CNNC formalise cooperation agreement on nuclear training
JERA targets 20-year contract for Alaskan LNG with Glenfarne

Nexans strengthens copper recycling in northern France amid supply tensions

Nexans is expanding its industrial capacity near Noyelles-Godault to recycle more copper, as global demand outpaces primary mining production.

Canada: Mark Carney Relaunches Arctic Pipelines to Capture European Market

Amid trade tensions with the United States, Canadian Prime Minister Mark Carney is reviving pipeline projects toward the Arctic to directly access European and Asian markets, diversifying Canada's oil exports.

Trump strikes Venezuelan oil buyers, immediate tensions with Beijing

Donald Trump imposes 25% tariffs against importers of Venezuelan oil, particularly targeting China, which has already condemned an infringement on its economic sovereignty, signaling increased tensions in global energy markets.
en_1140290961540-14

Washington grants Chevron reprieve in Venezuela despite Trump’s tariff warning

US authorities have extended Chevron’s temporary licence to operate in Venezuela until 27 May, despite Donald Trump’s warnings of tariffs on imports from countries trading with Caracas.

Masdar injects €184 million into four Spanish solar plants alongside Endesa

Masdar has signed an agreement with Endesa to acquire a 49.99% stake in four solar plants in Spain, valued at €368 million, consolidating its presence in one of the European Union’s main solar markets.

Global energy demand surged by 2.2% in 2024, driven by electricity

Global energy consumption growth doubled in 2024 compared to its ten-year average, fuelled by rising electricity use in advanced and emerging economies, according to a report by the International Energy Agency.
en_1140290943540-19

Wood Mackenzie estimates US LNG emissions at 48% of coal in Europe

A study by Wood Mackenzie concludes that liquefied natural gas exported from the United States to Europe generates on average half the emissions of imported coal, when considering the full lifecycle.

Next Hydrogen partners with Sungrow to scale up electrolyser production from 2026

Canadian firm Next Hydrogen and China’s Sungrow Hydrogen formalise a strategic industrial partnership to accelerate global electrolyser production, with large-scale deliveries expected to begin in 2026.

Metacon finalises 50 MW hydrogen contract with Motor Oil in Greece

Metacon AB has signed a final agreement to supply an additional 20 MW capacity to Motor Oil, thereby completing a 50 MW hydrogen production project in Corinth.
en_1140290945540-18

US sanctions Chinese refinery accused of purchasing Iranian oil

Washington imposes sanctions on Luqing Petrochemical, the first independent Chinese refinery targeted for its alleged ties to Iranian oil, as part of its intensified economic pressure campaign against Tehran.

FlexFuel signs strategic deal with MCC Tiangong to accelerate hydrogen station rollout in China

FlexFuel Hydrogen Development has formalised a strategic partnership with MCC Tiangong, backed by China International Development Corporation, to deploy over 60 hydrogen cleaning stations across several Chinese provinces.

Baghdad launches $500 mn waste-to-energy plant with Chinese support

Iraq has initiated its first waste-to-energy project in Baghdad, a $500 mn venture supported by Chinese firm SUS ENVIRONMENT and overseen by Iraqi authorities.
en_1140290949540-16

Iraq and the United Arab Emirates submit compensation plans to OPEC+ after oil overproduction

Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.

Sungrow Hydrogen wins major contract for China’s 100,000-ton green methanol project

Sungrow Hydrogen has secured the largest share of the contract for China Coal Ordos Energy Chemical’s "Liquid Sunshine" demonstration project, aiming to produce 100,000 tons of green methanol annually by integrating renewable energy sources and energy storage systems.

London and Beijing Strengthen Energy Dialogue Despite Tensions

UK Energy Minister Ed Miliband met Chinese officials in Beijing to discuss energy cooperation and reducing greenhouse gas emissions, despite disagreements over Hong Kong, forced labour, and the war in Ukraine.
en_1140290959540-12

France: Carester launches rare earth recycling plant in Lacq with €216 mn funding

Lyon-based company Carester has begun construction of a rare earth recycling and refining plant in Lacq, Pyrénées-Atlantiques, after securing €216 million in funding from the French government and Japanese partners. The site, named Caremag, is set to begin operations by the end of 2026.

CNOOC Limited launches two new offshore oil projects in China

Chinese company CNOOC Limited has announced the commencement of production at the Caofeidian 6-4 and Wenchang 19-1 Phase II offshore oil projects, aimed at boosting the country’s energy production.

Siemens Energy secures a $1.6 billion contract for two gas power plants in Saudi Arabia

Siemens Energy has secured a $1.6 billion contract to supply technologies for the Rumah 2 and Nairyah 2 gas power plants in Saudi Arabia. These facilities will add 3.6 gigawatts to the national grid and include 25-year maintenance agreements.
en_1140290957540-11

Chinese manufacturers dominate the global wind market in 2024

Goldwind, Envision, and MingYang secured the top three positions in the global wind turbine manufacturing market in 2024, driven by strong domestic demand in China. The decline in installations outside China further strengthened their dominance over Western competitors.

Batteries: price drops and global expansion strengthen market competitiveness

The global battery market continues its rapid expansion, driven by falling prices and increasing production capacities, leading to heightened competition among major global producers.
Charger plus