Turkey

Sembcorp acquires ReNew’s solar unit in India for $190mn

Sembcorp Industries has signed a purchase agreement to acquire a 300-megawatt solar plant in India, boosting its renewable energy footprint to a total capacity of 6.9 gigawatts.

New Fortress Energy initiates commissioning of 624 MW CELBA 2 power plant in Brazil

New Fortress Energy has initiated the initial ignition of its 624 MW CELBA 2 power plant in Brazil, starting the commissioning phase ahead of commercial operations expected later this year.

Global green ammonia market to reach $38.5bn by 2033, driven by large-scale projects

Green ammonia reaches a new industrial milestone with 428 active projects and over $11bn in investments, highlighting accelerated sector growth across Asia, the Middle East, Europe and the Americas.
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Senegal plans second refinery with 5.5 mn tonnes annual capacity

Senegal aims to double its oil refining capacity with a project estimated between $2bn and $5bn, as domestic demand exceeds current output.

Axian investit $670mn dans un projet hydroélectrique stratégique à Madagascar

Le groupe Axian renforce son portefeuille énergétique avec le projet de barrage de Volobe à Madagascar, une initiative estimée à $670mn visant à étendre l’accès à l’électricité dans un pays en proie à de fortes tensions sociales.

Opec+ raises production by 137,000 barrels per day in November

Opec+ slightly adjusts its quotas for November, continuing its market share recovery strategy amid stagnant global demand and a pressured market.
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Project InnerSpace unveils GeoMap in the Middle East with 14,000 GW geothermal potential

The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.

J&F Investimentos targets EDF’s thermal plant amid Brazil’s booming energy M&A

Brazilian holding J&F Investimentos is in talks to acquire EDF’s Norte Fluminense thermal plant, valued up to BRL2bn ($374 million), as energy-related M&A activity surges across the country.

China could supply gasoline to Russia if Moscow removes import duties

The potential removal by Moscow of duties on Chinese gasoline revives export prospects and could tighten regional supply, while Singapore and South Korea remain on the sidelines.
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Russian crude exports hit 18-month high despite sanctions pressure

Russian seaborne crude shipments surged in September to their highest level since April 2024, despite G7 sanctions and repeated drone strikes on refinery infrastructure.

Iberdrola adds 708 MW of solar capacity to joint venture with Norges Bank

Iberdrola strengthens its partnership with Norges Bank Investment Management by adding two Spanish photovoltaic plants, raising joint operational capacity to 900 MW.

India risks regulatory setback on ethanol as Brazil consolidates SAF lead

India holds a surplus of ethanol that could support SAF production, but unclear sugarcane feedstock rules limit commercial development.
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ASEAN reignites regional energy integration with cross-border electricity grid

The ASEAN Power Grid enters a strategic phase with renewed support from regional and international institutions to structure electricity trade among member states and secure the necessary investments.

Exxon to cut up to 500 jobs in Singapore as part of global restructuring

Exxon Mobil plans to reduce its Singapore workforce by 10% to 15% by 2027 and relocate its offices to the Jurong industrial site, as part of a strategic investment shift.

Kandla launches green methanol project to capture flows between Singapore and Rotterdam

Kandla port plans a 150,000-ton-per-year integrated renewable methanol unit, targeting the growing fleet of compliant vessels on the Singapore-Rotterdam maritime route.
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Questerre completes PX Energy acquisition and launches joint venture with Nimofast

Canada’s Questerre partners with Nimofast to develop PX Energy in Brazil, with an initial commitment of up to $50mn and equal, shared governance.

Baker Hughes secures major contract with Petrobras for 50 subsea systems

Baker Hughes will supply up to 50 subsea trees and associated equipment to Petrobras to support offshore production in Brazil, strengthening its role in the development of pre-salt fields.

Iraq resumes oil exports from Kurdistan after two-year suspension

Baghdad has restarted crude shipments from Kurdistan via the pipeline to Turkey, following a two-year halt linked to legal and contractual disputes involving international firms operating in the region.
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Vena Energy commissions 7.5 MW onshore wind farm in Nagasaki

Singapore-based developer Vena Energy has launched operations at its third wind power plant in Japan, located in Saikai, Nagasaki Prefecture, with a grid-connected capacity of 7.5 MW.

Gresham House acquires SUSI Partners to become a leading European energy player

UK-based Gresham House will acquire Swiss investment manager SUSI Partners, strengthening its international footprint in energy transition infrastructure.

Global Petrochemical Investments Projected to Reach USD 956 Billion by 2032

Driven by rising industrial demand and emerging capacities in Asia, the global petrochemicals market is expected to see sustained expansion despite regulatory pressures and raw material cost challenges.

Low-carbon ammonia faces technical and financial challenges in shipping

According to the Oxford Institute for Energy Studies, the adoption of low-carbon ammonia in maritime transport faces economic, regulatory, and safety barriers, despite growing international pressure to reduce emissions from the global fleet.

U.S. Tariffs: India Increases Brazilian Crude Imports by 80% in 2025

Indian imports of Brazilian crude reach 72,000 barrels per day in the first half of 2025, driven by U.S. sanctions, and are expected to grow with new contracts and upstream projects between Petrobras and Indian refiners.
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Global EV Charging Points to Reach 206.6 Million by 2040

Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.

Iran cuts 1.4 GW to Iraq, Baghdad speeds up regional interconnections

The suspension of 1,400 MW of electricity supplied by Iran to Iraq puts pressure on the Iraqi grid, while Tehran records a record 77 GW demand and must balance domestic consumption with regional obligations.

Petrobras negotiates to increase capacity of three FPSOs in Brazil

Petrobras is holding talks with SBM Offshore and Modec to raise output from three strategic FPSOs, two already at full capacity, to capture more value from the high-potential pre-salt fields.
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Petrobras Targets Raízen to Reenter Ethanol Sector Under Legal Constraints by End of 2025

According to O Globo, Petrobras is exploring an entry into Raízen, either through equity investment or asset acquisition, to return to the ethanol market. A decision is expected by the end of 2025, under legal constraints tied to fuel distribution.

Karpowership and Seatrium Partner to Deploy Floating LNG Power Plants

Karpowership and Seatrium formalize a strategic partnership to convert floating LNG units, strengthening their joint offering in emerging mobile electricity markets.

Maxeon Revises Strategy After USD 65 Million Loss in First Half

Weakened by the exclusion of its solar panels from the U.S. market, Maxeon reports a sharp revenue decline and adjusts its financial structure under market pressure.
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Vanda RE negotiates power purchase contracts in Singapore for Indonesian solar project

Vanda RE is in talks with potential buyers in Singapore for electricity from a $3 billion solar and storage project in Indonesia’s Riau Islands.

Casa dos Ventos orders 1.5 GW of solar trackers from Nextracker in Brazil

Casa dos Ventos has chosen Nextracker to equip four solar and hybrid projects totalling 1.5 GW, marking its first large-scale entry into the solar sector in Brazil.

Iraq and Syria Revive Kirkuk-Baniyas Pipeline to Bypass Traditional Routes

Baghdad and Damascus intensify discussions to reactivate the 850 km pipeline closed since 2003, offering a Mediterranean alternative amid regional tensions and export blockages.
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Airbus and Indonesia join forces to produce 100 million tonnes of sustainable aviation fuel

Airbus Singapore and Bogor Agricultural University in Indonesia are developing aviation fuel from biomass, aiming for an annual capacity of 100 million tonnes.

Valmet signs a national agreement to provide valve services to Petrobras

Valmet will supply and maintain Petrobras’ Neles™ valves across all its operations in Brazil under a one-year contract renewable for up to five years.

Taihan secures $80.2M contract for 400 kV network in Singapore

Taihan strengthens its presence in Singapore with a fifth consecutive contract for a 400 kV underground network, as part of a power interconnection project with Indonesia.
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Armenia and Azerbaijan Sign TRIPP Corridor Agreement Under American Auspices

The two countries end 37 years of conflict with a 43-kilometer corridor under American control for 99 years. The infrastructure will transport 50 million tons of goods annually by 2030.

AMIGO LNG awards EPC contract to COMSA Marine for marine facilities in Mexico

AMIGO LNG has awarded COMSA Marine the engineering and construction contract for its marine facilities in Guaymas, as part of its 7.8 MTPA liquefied natural gas export terminal.

SBM Offshore commissions FPSO One Guyana, fourth unit operated in the country

FPSO One Guyana begins production as part of the Yellowtail development, with enhanced technical capabilities to optimise reliability and maintenance in deep waters.
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Petrobras posts net profit of R$ 26.7 billion in the second quarter of 2025

Higher oil and gas production allowed Petrobras to offset the drop in Brent prices and maintain solid financial results in the second quarter of 2025.

The Black Sea Defies Financial Obstacles to Become Europe’s Gas Hub

Giant discoveries are transforming the Black Sea into an alternative to Russian gas, despite colossal technical challenges related to hydrogen sulfide and Ukrainian geopolitical tensions.