The world's largest battery energy storage system enters service in Saudi Arabia, with an annual capacity of 2.2 billion kWh spread across three strategic sites in the southwest of the country.
The inclusion of hydrogen in China’s 15th Five-Year Plan confirms a public investment strategy focused on cost reduction, domestic demand stimulation and geo-economic influence across global markets.
COP30 begins in Belém under uncertainty, as countries fail to agree on key discussion topics, highlighting deep divisions over climate finance and the global energy transition.
OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.
JA Solar has signed an agreement with Larsen & Toubro to supply photovoltaic modules for the Samarkand 1 and 2 solar power plants, developed by ACWA Power with a total installed capacity of 1.2 GW.
Two photovoltaic plants with a combined capacity of 1,400 MW will be operational in 2027, strengthening EDF Group's international presence and Asian actors in Saudi Arabia's energy market.
Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.
The SANAD drilling joint venture will resume operations with two suspended rigs, expected to restart in March and June 2026, with contract extensions equal to the suspension period.
The Chinese wind turbine manufacturer and Saudi operator sign a seven-year framework agreement to deploy local production lines and enhance technological cooperation in several strategic markets.
ACWA Power signed $10bn worth of projects and financing agreements across Central Asia, the Gulf, China and Africa, marking a new phase in its global energy expansion.
A record expansion of liquefied natural gas (LNG, gaz naturel liquéfié — GNL) capacity is reshaping global supply, with expected effects on prices, contractual flexibility and demand trajectories in importing regions.
The Franco-Saudi consortium has won a 25-year contract to develop a 400 MW photovoltaic plant in the Hail region, as part of Saudi Arabia’s national renewable energy programme.
Researchers have designed a system that combines two ammonia production technologies to reduce costs, optimise industrial efficiency and significantly cut greenhouse gas emissions.
Abunayyan Holding and US-based Nextracker launch an industrial joint venture in Riyadh to locally produce large-scale solar equipment for Saudi Arabia and the MENA region.
Baker Hughes will expand its coiled tubing drilling fleet from four to ten units in Saudi Arabia’s gas fields under a multi-year agreement with Aramco, including operational management and underbalanced drilling services.
The levelised cost of solar electricity continues to fall globally, reaching a regional record of $37/MWh in the Middle East and Africa thanks to tracker technologies, according to the latest market data.
As Brent hovers near $60, growing opacity around OPEC’s output restrains a steeper decline in crude prices amid surplus warnings by the International Energy Agency.
The Oxford Energy Institute study shows that signals from weekly positions and the Brent/WTI curve now favor contrarian strategies, in a market constrained by regulation and logistics affected by international sanctions.
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The decline in imports and the rise in refining in September reduced China’s crude surplus to its lowest in eight months, opening the way for tactical buying as Brent slips below 61 dollars.
SLB, the world's leading oilfield services company, announces a significant profit increase in the third quarter despite a challenging market, while issuing cautious forecasts for the year's final quarter.
European Union leaders and Gulf countries meet in Brussels to prevent an escalation in the Middle East, addressing trade, energy, and regional stability.
JinkoSolar has signed a supply contract for 3 GW of photovoltaic modules with ACWA Power for the Haden and Al-Khushaybi projects, thereby supporting Saudi Arabia's decarbonization objectives.
As China, the world's second-largest oil consumer, may reach a peak in refined product demand by 2027, the implications for the global oil market and prices are significant.
ADES has obtained 10-year contract renewals from Saudi Aramco for two onshore rigs in Saudi Arabia, strengthening its position in the Middle Eastern energy market.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
The escalation of tensions between Israel and Iran threatens the stability of the global oil market. OPEC+ must assess its capacities in the face of a possible supply shock.
Asian refiners remain optimistic amid rising tensions between Iran and Israel, anticipating that Persian Gulf crude flows to Asia will stay stable despite the ongoing conflict.
Saudi Arabia is projecting a budget deficit of 2.3% of GDP in 2025, with a further increase expected to 2.9% in 2026 and 3% in 2027. This trend is driven by declining oil revenues due to reduced production levels, alongside rising public expenditures aimed at financing its economic diversification projects.
The ports of Hodeidah and Ras Isa in Yemen have been hit by Israeli airstrikes, disrupting regional maritime transport and exacerbating geopolitical tensions in a key area for global oil supply.
Saudi Aramco has raised $3 billion via a sukuk issue, despite a drop in oil production.
The funds raised are intended to support the company's dividend commitments and capital expenditure projects.
Saudi Arabia is changing its oil strategy, abandoning its target of $100 a barrel in order to increase production and regain market share, despite a likely drop in prices.
Oil prices fall by 3% as OPEC+ forecasts a production increase as early as December.
Saudi Arabia abandons its target of $100 per barrel, putting pressure on the markets.
BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
The electrification of oil and gas infrastructures could reduce production-related CO2 emissions by up to 80%, a strategic step forward for the sector, according to a study by Rystad Energy.
Saudi Arabian crude oil exports hit their lowest level ever in July, revealing strategic adjustments in the face of uncertain market dynamics.
This situation raises crucial questions about the future of the global energy sector.
Saudi Aramco is stepping up its diversification strategy by increasing its stake in liquefied natural gas (LNG), notably through MidOcean Energy and Peru LNG.
This initiative responds to the growing demand for LNG, while at the same time being part of a sustainable energy transition.
