Saudi Arabia

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.

Kansai Electric resumes surveys for new nuclear reactor at Mihama

Kansai Electric Power will restart feasibility studies in November for a new reactor at Mihama, halted after Fukushima, as part of a prolonged public effort to revive investment in Japan’s nuclear sector.

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.
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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.

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.

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.
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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.

JERA targets 20-year contract for Alaskan LNG with Glenfarne

Japanese giant JERA has signed a letter of intent to purchase one million tonnes of LNG per year from Alaska, as part of a strategic energy agreement with the United States.

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.
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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.

Hydrogen surpasses USD110 billion in committed investments across more than 500 projects

Over 500 hydrogen projects are now under construction or operational worldwide, with total committed investments reaching USD110 billion, representing an increase of USD35 billion in one year.

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.
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Two sanctioned Russian LNG carriers deliver to China despite restrictions

The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.

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.

Washington lowers import duties and opens the door to $550 billion Japanese investments

The United States cuts tariffs on Japanese imports to 15%, while Tokyo launches a massive investment plan targeting American energy, industry, and agriculture.
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Australian coal exposes global steelmakers to hidden climate risk

Underreported methane emissions from Australian mines could increase steelmakers’ carbon footprint by up to 15%, according to new analysis highlighting major gaps in global supply chains.

Hitachi injects $1bn into transformer manufacturing to strengthen US grid interconnection

Hitachi Energy commits $457mn to build a transformer factory in Virginia, part of a $1bn plan to support electrical interconnection in the US amid rising demand from artificial intelligence infrastructure.

Toyota invests €680mn to produce its first electric vehicle in Europe

Toyota launches production of its first electric vehicle in Europe at its Kolin plant in the Czech Republic, supported by a €680mn investment, including €64mn in public funding.
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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.

Investigation opened into Orlen’s alleged links with Hezbollah

The Polish National Prosecutor's Office has launched an investigation into the Orlen oil group, following allegations of an executive's links with Hezbollah and massive financial losses.

Saudi Aramco and the energy transition: a southern vision

Saudi Aramco CEO Amin Nasser stresses the crucial role of the global South in future hydrocarbon demand, and calls for balanced investment between renewables and fossil fuels.

G7 agreement to close coal-fired power plants by 2035

Meeting in Italy, the G7 countries announced the phasing out of coal-fired power plants without carbon capture by 2035, marking a major turning point in the fight against fossil fuel emissions.
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G7: a call to expand nuclear power for the climate

At the G7 summit in Turin, a strategic agreement was reached to triple the world's nuclear capacity by 2050 to combat global warming.

QatarEnergy launches giant LNG tanker project in collaboration with China

QatarEnergy is investing six billion dollars in a project to build 18 giant LNG carriers, marking a record in the shipbuilding industry.

G7 close to agreement on phasing out coal-fired power plants by 2030

In Turin, the G7 countries are moving towards a historic agreement to close coal-fired power plants by the 2030s.
Réuni en Italie, le G7 se dirige vers un accord significatif pour éliminer le charbon et combattre le réchauffement climatique.

Eku Energy launches its first energy storage project in Japan

Eku Energy has announced the launch of the Hirohara Battery Energy Storage System (BESS) in Miyazaki, marking its first project in Japan in collaboration with Tokyo Gas.

Baker Hughes sees growing opportunities for the oil market

Baker Hughes CEO Lorenzo Simonelli presented a balanced view of the global oil market on the first-quarter earnings call, noting rising international activity offset by a slowdown in North America and the US gas basins.

Progress on CO2 storage in France (interview)

In an exclusive interview with AFP, Thomas Le Guenan, research engineer at BRGM (Bureau de recherches géologiques et minières) and expert in risk management for CO2 geological storage, reveals France's progress in the field of CO2 storage. It discusses the types of rock ideal for this technique, which is essential in the fight against global warming, and the associated challenges.
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TotalEnergies CEO skeptical about the rapid growth of green hydrogen

At the World Economic Forum in Riyadh, Patrick Pouyanné, CEO of TotalEnergies, criticized the current development of green hydrogen as still at an "embryonic stage", and promoted biofuels as a priority solution for reducing emissions.

Europe leads the way in clean technology innovation

Europe is leading the way in cleantech innovation, but faces the rapid rise of China and financial obstacles, reveals a new report from the European Patent Office (EPO) and the European Investment Bank (EIB).

Japan: Fukushima water discharge into the sea halted

The Fukushima Daiichi nuclear power plant in Japan experienced a temporary interruption in the discharge of treated water into the Pacific Ocean, caused by a partial power cut on Wednesday.
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Honda launches major electric vehicle plant in Canada

Honda is set to invest heavily in Eastern Canada with the announcement of a new electric vehicle plant, a project valued at C$14 billion.

Ohmium and H2 Green Mining launch green hydrogen project in Chile

Ohmium International is working with H2 Green Mining to develop a 20 MW green hydrogen pilot project to decarbonize the Chilean mining industry, using local renewable resources.

JERA and ReNew join forces for a green ammonia project in India

JERA and India's ReNew Energy Global PLC are jointly developing a green ammonia production project in Paradip, eastern India, using 500 MW of renewable energy capacity for a planned annual production of 100,000 tonnes.
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US LPG exports: Fluctuating volumes to Europe and Asia

In April, US LPG exports fell, mainly impacting Europe and North Africa.

Tensions in the Middle East: Stable oil supplies in Asia

Asian refiners are assessing the impact of tensions in the Middle East on freight and marine insurance costs, without fearing for the security of crude oil supplies.

Tensions in the Middle East: Impact on ocean freight costs

Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
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LNG US: Preference for Cape Town, despite an increase in slots in Panama

U.S. LNG exporters continue to favor the Cape of Good Hope route over the Panama Canal for their Asian shipments, despite the addition of a slot through the Panama Canal.

Sonnedix Japan consolidates its position with a major refinancing

Sonnedix Japan, representing the Sonnedix Group, has successfully refinanced its portfolio of solar photovoltaic power plants in Japan.