Saudi Arabia

Sinopec invests in Xinjiang petrochemical expansion with a $2.85bn project

Sinopec modernises its Tahe complex, increasing refining capacity and adding key units to support petrochemical production in western China.

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.
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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.

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.
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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.

NANO Nuclear sells ODIN reactor technology to Cambridge Atom Works for $6.2mn

The sale of ODIN™ 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.
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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.

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.
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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.

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.
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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.

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.
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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.

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.

Nepal Identifies Major Methane Reserve Estimated at 112 Billion m³

Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.

Global Hydropower Plants Market to Reach USD 318 Billion by 2032

The global hydropower plants market is projected to reach USD 318.3 billion by 2032, driven by growing demand for renewable energy, increased adoption of micro-hydropower plants, and heightened government support, according to a recent report.

Wood Mackenzie highlights advantage of regulated utilities amid data centre boom

In the United States, regulated electric grid operators hold a decisive advantage in connecting new data centres to the grid, now representing 134 GW of projects, according to a Wood Mackenzie report published on June 19.
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TerraPower raises $650 million with NVIDIA for modular reactors

TerraPower, an American nuclear company, secures $650 million funding from investors, including NVIDIA, to develop its Natrium modular reactors in the United States and internationally.

United States Identifies 29 Billion Barrels Untapped Through New Technologies

New U.S. estimates reveal nearly 29 billion barrels of oil and 392 Tcf of technically recoverable natural gas on federal lands, marking significant progress since the last assessment in 1998.

BP suspends blue hydrogen project at Whiting, Midwest future uncertain

BP indefinitely halts its blue hydrogen project at the Whiting refinery in Indiana, raising questions about the future of federal funding and the impact on regional plans for a decarbonized hydrogen sector in the United States.
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Port-au-Prince plunged into darkness after forced shutdown of hydroelectric plant

Port-au-Prince is without electricity after residents of Mirebalais forcibly shut down a hydroelectric plant protesting government inaction amid escalating gang-related violence.

RWE invests in 3.9 GW of energy projects in the United States and supports sector growth

RWE is accelerating the construction of 29 renewable energy projects, including wind, solar and storage, across 11 US states, creating over 5,000 jobs and strengthening the national electricity supply.

Duke Energy considers sale of coal units at Cayuga in Indiana

Duke Energy Indiana will launch a technical study to evaluate the potential sale of its coal units at the Cayuga site following the planned commissioning of new natural gas plants in 2029 and 2030.
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Keyera acquires Plains’ Canadian operations for 5.15 billion dollars

Energy company Keyera acquires Plains' Canadian natural gas liquids assets in a strategic transaction valued at 5.15 billion dollars, consolidating its presence across the Canadian energy corridor and optimising its operational infrastructure.

Wind blade composites: global market to reach USD 21.87 billion by 2030

The global market for composites used in wind blades is expected to reach USD 21.87 billion by 2030, driven by increasing demand for renewable energy and advances in production techniques, according to MarketsandMarkets.

ENGIE and SOLARCYCLE launch innovative recycling programme for solar panels

ENGIE North America and SOLARCYCLE announce a pilot project aimed at the anticipated recycling of approximately one million solar panels, representing a total capacity of 375 MW, integrated from the outset into solar energy supply agreements in the United States.
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Ormat acquires Blue Mountain geothermal power plant for USD 88mn

Ormat Technologies acquires the Blue Mountain geothermal power plant in Nevada from Cyrq Energy, enhancing its energy generation capacity to 1,268 MW, with potential expansion through technical upgrades planned in the short term.

Green hydrogen market surging: $71.31bn expected by 2031

The global green hydrogen market is expected to reach $71.31bn by 2031, driven by an average annual growth rate estimated at 37.8%, mainly stimulated by energy and transport sectors, according to The Insight Partners.

Serbia negotiates gas deal with Gazprom at competitive European price

Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.
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Iran Nuclear: An acknowledged capability long kept quiet

Confidential reports from the IAEA and multiple intelligence agencies confirm Iran's uranium enrichment to weapons-grade levels, contradicting Tehran's official statements. EnergyNews.pro retraces the evolution of Iran's nuclear program since 2015, three years before the Trump administration's withdrawal from the nuclear agreement.

Uranium price surges 9% following major fund raise

Uranium spot price hits its highest level of 2025 following a significant fundraising announcement by a specialized Canadian investment fund, prompting vigorous trading and strong reactions in the international market.

Weakened by sanctions, Iran loses influence on the global oil market

Long a major player in OPEC, Iran sees its influence on the oil market significantly reduced due to US sanctions, Israeli strikes, and increasing reliance on exports to China.
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Syria resumes petroleum exports from strategic Banias refinery

After several months of interruption following a major political upheaval, Syria's Banias refinery has shipped its first cargo of refined products abroad, marking a partial revival of its energy sector.

Chevron invests in American lithium to strengthen energy security

Chevron acquires 125,000 acres in a lithium-rich formation in the United States, aiming at local production via advanced technology to strengthen the national supply of critical minerals.