Saudi Arabia

Salt River Project launches 50 MWh storage pilot with ESS in Arizona

Salt River Project will partner with ESS to install a 50 MWh long-duration energy storage system in Pinal County as part of its capacity expansion plan to meet rising demand.

Russia taps into Tajikistan’s rivers and cotton for joint ventures

Moscow strengthens industrial joint ventures with Tajikistan by leveraging hydropower, agriculture, and mining in a strategy based on mutual interest and economic complementarity.

Croatia targets Russian stake in NIS to maintain oil flows

JANAF is interested in acquiring a 20 to 25% stake in NIS, as the Russian-owned share is now subject to US sanctions.
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Australia loses Asian markets for seaborne thermal coal

Falling Chinese imports and Asia’s regional pivot increase pressure on Australian thermal coal exporters.

Venture Global sinks 20% after legal defeat to BP over LNG contract dispute

US LNG producer Venture Global saw its market value drop sharply after an arbitral ruling in favour of BP reignited concerns over ongoing contractual disputes tied to the Calcasieu Pass project.

Rosatom begins excavation for small modular reactor project in Uzbekistan

The construction of Uzbekistan’s first small modular reactor (SMR) is underway, with 1.5mn m³ of earth being excavated in Jizzakh, marking a major milestone for the nuclear project led by Rosatom.
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GoldenPeaks Capital and Envision sign deal for 1 GWh battery storage in Europe

GoldenPeaks Capital and Envision have signed a memorandum of understanding to deploy up to 1 GWh of next-generation battery energy storage systems across several European markets.

Washington targets Iranian oil with new sanctions on phantom fleet

The US Treasury Department has imposed sanctions on more than 50 entities linked to Iranian oil exports, targeting Chinese refineries and vessels registered in Asia and Africa.

Namibia and McDermott join forces to train future oil workforce

The Namibian government signed an agreement with McDermott to strengthen local skills in offshore engineering and operations, aiming to increase oil sector local content to 15% by 2030.
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Goldwind launches green methanol production in Inner Mongolia with CNY2.3bn investment

The first phase of a green methanol project in Inner Mongolia has successfully completed biomass gasifier technical tests, marking a key milestone in Goldwind's industrial deployment.

Durapower and Kıvanç partner to manufacture lithium-ion batteries for the US market

Singapore’s Durapower and Turkish industrial firm Kıvanç have signed an agreement to form a joint battery production venture targeting growing North American demand.

Ming Yang plans £1.5bn wind turbine factory in Scotland

Chinese manufacturer Ming Yang plans to build the UK’s largest wind turbine facility in Ardersier, with an initial £750mn investment and up to 1,500 jobs created by 2028.
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Maersk and CATL enter global strategic partnership for energy logistics

Maersk and CATL have signed a strategic memorandum of understanding to strengthen global logistics cooperation and develop large-scale electrification solutions across the supply chain.

T1 Energy takes stake in Talon to expand solar manufacturing in the United States

T1 Energy invests in private solar cell manufacturer Talon PV to support industrial expansion of the U.S. solar sector and address rising grid demand.

Sintana Energy acquires Challenger Energy to strengthen offshore assets in Africa

Canada’s Sintana Energy acquires Challenger Energy in a $61mn all-share deal, targeting offshore exploration in Namibia and Uruguay. The move highlights growing consolidation among independent oil exploration firms.
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Exxon restarts catalytic cracking unit in Beaumont after technical failure

The 120,000-barrel-per-day catalytic cracking unit at the Beaumont site resumed operations after an unexpected shutdown caused by a technical incident earlier in the week.

Tesla targeted by federal probe over its Full Self-Driving system

The US road safety agency is reviewing nearly 2.9 million Tesla vehicles equipped with the FSD system, following dozens of reported incidents involving traffic violations and several accidents.

Washington authorises Trinidad and Tobago to explore Dragon gas field with Caracas

The United States has granted Trinidad and Tobago a special licence to resume negotiations with Venezuela on the Dragon gas field, partially lifting restrictions imposed on the Venezuelan energy sector.
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Holtec cancels nuclear storage project in New Mexico

Holtec International has ended its planned interim nuclear storage facility in New Mexico, citing ongoing legal hurdles and political deadlock over spent fuel management.

Washington threatens sanctions against countries supporting global maritime carbon tax

The United States has threatened economic sanctions against International Maritime Organization members who approve a global carbon tax on international shipping emissions.

Orsted restarts construction of Revolution Wind offshore project in the United States

Orsted has resumed work on its Revolution Wind offshore wind farm, previously halted by federal authorities, after a court ruling allowed construction to continue despite ongoing legal action from the U.S. government.

Oil majors cut 2026 budgets and increase shareholder returns

Oil companies are preparing for a tough 2026 with lower investments, focusing on financial discipline and cash flow redistribution at the expense of low-return projects.

Braille Energy takes over high-performance lithium battery distribution from Tony Christian Racing

Braille Energy Systems will directly integrate the distribution of its lithium battery line for drag racing, previously managed by Tony Christian Racing, consolidating its motorsport operations starting October 1.
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North Atlantic signs to acquire Esso S.A.F. from ExxonMobil before end of 2025

North Atlantic finalises agreement to acquire ExxonMobil’s stake in Esso S.A.F., marking a decisive step in a strategic transfer in France. Completion remains subject to regulatory approvals expected this quarter.

Washington to return $13bn in unobligated energy transition funds

The U.S. Department of Energy will return more than $13bn in unspent funds originally allocated to climate initiatives, in line with the Trump administration’s new budget policy.

Dispute escalates between MOL and Janaf over Adriatic pipeline’s supply capacity

A technical dispute between Hungarian group MOL and Croatian operator Janaf raises doubts about the Adriatic pipeline's ability to supply oil to Hungary and Slovakia.
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US crude oil stocks fall by 600,000 barrels, surprising the market

Commercial crude inventories in the United States declined unexpectedly, as analysts had forecast an increase, amid rising imports and falling exports.

Brussels prepares tariffs on Russian oil imported by Hungary and Slovakia

The European Commission is considering targeted tariffs on Russian oil imports still allowed in Hungary and Slovakia, in an effort to bypass existing exemptions.

Iran signs agreement with Rosatom to develop small modular reactors

Iran and Russia have signed a memorandum of understanding for the design and construction of small modular nuclear reactors, strengthening their cooperation in the field of civilian nuclear energy.
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Eight international oil companies reach deal to resume Kurdistan exports

Eight oil companies and Iraqi and Kurdish authorities have reached a preliminary deal to restart crude exports via the Iraq-Turkey pipeline, halted since March 2023.

Iberdrola plans €58 billion investment to boost growth by 2028

Iberdrola plans to invest EUR58bn ($61.83bn) by 2028, targeting a net profit of EUR7.6bn ($8.10bn), focusing on power grids and key markets such as the United Kingdom and the United States.

Envision Energy enters strategic partnership with ANZ to support its expansion in Australia

Envision Energy strengthens its commercial strategy in Australia through a new agreement with ANZ to finance energy projects and develop local supply chains in renewables.
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Wood Mackenzie partners with Novi to strengthen analysis of 4.4 million Lower 48 wells

Wood Mackenzie has entered into a strategic partnership with Novi Labs to integrate proprietary well-level production data and advanced lease-to-well algorithms into its Lens Lower 48 solution, covering more than 20% of global oil and gas supply.

Frontier launches full-scale carbon management platform for the ethanol sector

Frontier Infrastructure, in partnership with Gevo and Verity, rolls out an integrated solution combining rail transport, permanent sequestration, and digital CO₂ tracking, targeting over 200 ethanol production sites in North America.

Boviet Solar increases its module production capacity to 3 GW in the United States

Boviet Solar expanded its Greenville plant with a third production line, raising its annual photovoltaic module capacity to 3 GW as part of an industrial investment exceeding $400mn.
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OCI Energy secures construction financing for 480 MWh battery in Texas

OCI Energy has finalised construction financing with ING for the Alamo City project, a 480 MWh battery to be operated by CPS Energy from 2027 in Bexar County, Texas.

Oklo begins construction of its first Aurora fast reactor in the United States

Nuclear company Oklo has officially broken ground on its Aurora-INL reactor in Idaho, marking a concrete step toward the commercial deployment of a sodium-cooled fast reactor.

TETRA triples bromine resources and identifies magnesium in Arkansas

TETRA Technologies announces a sharp increase in mineral resources in Arkansas, including bromine, lithium, and for the first time magnesium and manganese, across its 40,000 acres of brine concessions.
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Sempra sells 45% of infrastructure subsidiary for $10bn and refocuses on utilities

Sempra divests a majority stake in Sempra Infrastructure Partners to a consortium led by KKR for $10bn, valuing the entity at $31.7bn, while launching phase 2 of the Port Arthur LNG terminal for $14bn.

LanzaJet and KMG launch engineering phase of Kazakhstan’s first SAF project

LanzaJet and state-owned KazMunayGas have reached a decisive milestone towards building Kazakhstan’s first sustainable aviation fuel plant, with the immediate start of the engineering phase.