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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.

Russia and Indonesia overtake Australia in South Korea’s thermal coal supply

Port congestion in Australia has boosted Russian and Indonesian coal exports to South Korea, with both now dominating the market due to lower prices and reliable delivery schedules.

Framatome launches operations in India to support nuclear development

Framatome has opened a new site in Navi Mumbai, marking a strategic step in its expansion into the Indian nuclear market, as the country targets 100 GW of installed capacity by 2047.
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Oil industry could unlock 1,000 billion barrels through AI recovery methods

A new analysis estimates that existing oil fields could yield up to 1,000 billion additional barrels without major new discoveries, using proven methods supported by artificial intelligence.

Waaree Sustainable Finance invests in Warehouse Now to capture India’s logistics potential

Waaree Sustainable Finance has announced a strategic investment in Warehouse Now, a fast-growing on-demand warehousing company in India, reinforcing the group’s focus on structurally high-return sectors.

Novatek redirects 70,000 tonnes of condensate to Novorossiisk after Ust-Luga incident

Russian producer Novatek rerouted part of its gas condensate output to the port of Novorossiisk, following a temporary shutdown at its Ust-Luga complex after a drone attack caused a fire.
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Kazakhstan resumes crude exports via BTC after one-month technical halt

KazMunayGas has resumed oil shipments to Turkey through the Baku-Tbilisi-Ceyhan pipeline, following a stoppage due to a contamination issue resolved at the Aktau terminal.

Poland urges European Union to end Russian oil imports by 2026

Poland’s energy minister calls on European Union member states to collectively commit to halting Russian oil purchases within two years, citing increasing geopolitical risks.

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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Acciona Energía deploys a 412MWp solar plant in Rajasthan

Acciona Energía has completed the commissioning of its largest plant in India, a 412MWp solar facility capable of powering 840,000 households annually.

Australian port congestion reshapes coal flows to South Korea

Russia and Indonesia overtook Australia as South Korea's top thermal coal suppliers in August, driven by lower prices and more reliable logistics amid persistent Australian shipment delays.

Italian judge approves extradition of Ukrainian linked to Nord Stream sabotage

A Ukrainian national arrested in Italy will be extradited to Germany, where he is suspected of coordinating the 2022 attack on the Nord Stream 1 and 2 gas pipelines in the Baltic Sea.
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Suzlon secures 838 MW order from Tata Power Renewable Energy

Indian wind turbine manufacturer Suzlon has secured an 838 MW contract from Tata Power Renewable Energy for a wind project spanning three states, marking its largest order of the 2025–2026 fiscal year.

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.

$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.
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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.

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.
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UK sanctions 70 tankers to reinforce Russian oil price cap

London has expanded its sanctions against Russia by blacklisting 70 new tankers, striking at the core of Moscow's energy exports and budget revenues.

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.

Undocumented communication components discovered in Chinese inverters

Undocumented embedded devices have been found in Chinese inverters and batteries connected to power grids, raising growing concerns among US energy security officials.

Chinese energy investments: new models and challenges in Africa

Faced with the heavy debts of emerging countries, China is shifting its strategy in Africa, reducing massive loans in favour of targeted commercial investments as Western competition intensifies around clean energy technologies.

Sinopec drills 5,300 metres deep and sets new record for shale gas

Sinopec announced a new vertical depth record with its Tiebei 1HF well, reaching 5,300 metres and producing over 314,000 cubic metres of gas per day in the Sichuan Basin.
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McDermott successfully installs Scarborough FPU off the coast of China

McDermott has completed the offshore installation of the Scarborough floating platform for Woodside Energy, marking a key step in the preparatory maintenance phase of the gas project in Western Australia.

AIKO surpasses 1 GW in orders for its INFINITE solar modules in Europe

Chinese manufacturer AIKO recorded over 1 GW in orders for its INFINITE solar module range during Intersolar Europe 2025, strengthening its commercial foothold in the European market.

Waaree increases its US investment to $1.2bn with new energy storage project

Waaree Solar Americas adds $200mn to US battery storage, raising total commitment to $1.2bn and supporting industrial expansion in a rapidly evolving energy market.
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The EU Maintains Its Goal to Ban Russian Gas Imports, Even After a Potential Peace Deal

Dan Jørgensen, European Commissioner for Energy, confirms that the EU will continue its ban on Russian gas imports, regardless of the outcome of peace negotiations in Ukraine, with legislative proposals expected in June.

The United States imposes new sanctions on Iranian oil exported to China

The Trump administration has announced new sanctions targeting Iran's oil export network to China amid ongoing nuclear talks between Washington and Tehran.

Japanese refiners face hurdles diversifying crude imports amid OPEC+ production increase

Japanese refiners, dependent on Gulf crude for 96.6% of imports, are struggling to diversify supply sources as increased OPEC+ output makes Persian Gulf barrels more competitive compared to US crude.
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Hanoi and Moscow accelerate nuclear power plant talks in Vietnam

Russia and Vietnam have signed a nuclear roadmap aimed at strengthening technological cooperation, including a commercial nuclear plant and a scientific centre by 2030.

Serbia negotiates renewal of gas contract with Russia ahead of expiration

Belgrade aims to retain favourable pricing terms for Russian gas imports as the current contract nears its May 31 deadline.

Russia targets stable return to 10.8 million barrels per day

Deputy Prime Minister Alexander Novak says Russian oil production could reach a sustained level of 10.8 million barrels per day, supported by rising global demand and internal fiscal adjustments.
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Oil rises after trade truce between the United States and China

Oil prices climbed following a joint decision by Washington and Beijing to temporarily suspend tariffs, easing pressure on global demand.

Trump aims for $1 trillion investment pact with Riyadh despite tensions

The US president begins a state visit to Saudi Arabia focused on an ambitious economic partnership, sidelining Saudi-Israeli normalisation due to the Gaza war.

EDP reports €428mn quarterly net profit driven by strategic positioning

Energias de Portugal saw its profit rise by 21% in the first quarter, supported by expanded renewable capacity and favourable electricity market prices.
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Adani deploys a hydrogen mining truck for coal logistics

Adani Enterprises has launched a hydrogen-powered truck at a public mine in Chhattisgarh, marking a first in India for heavy transport in the mining sector.

Adani Power invests $2bn in a 1,500 MW coal power plant in Uttar Pradesh

Adani Power will supply 1,500 MW to Uttar Pradesh through an ultra-supercritical coal power plant built under the DBFOO model, at a tariff of Rs 5.383 per unit.

Aramco’s net profit drops 4.6% in Q1 2025

Lower sales revenues and rising operational costs impacted Aramco’s results, while the company remains central to Saudi Arabia’s economic strategy.
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Rystad Energy forecasts over 2 TWh of battery production in 2025, led by China

Global lithium-ion battery production is set to grow by 21% this year, according to Rystad Energy, with China dominating the sector thanks to its established supply chain and competitive technologies.

Coal India secures 4,500 MW deal with AM Green to diversify operations

Coal India will supply 4,500 MW of renewable energy to AM Green under a memorandum of understanding to power its future green ammonia facilities nationwide.