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Global wind sector targets 2 TW installed capacity by 2030 despite uncertainties
Driven by China's acceleration, global wind capacity is expected to reach 170 GW in 2025, paving the way for a doubling of installed capacity by 2032.
Russia increases oil exports from western ports by 11% in September
Russia plans to ship 2.1 million barrels per day from its western ports in September, revising exports upward amid lower domestic demand following drone attacks on key refineries.

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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Germany urges European Union for more flexibility on 2035 combustion car ban
Berlin questions the ban on sales of combustion cars from 2035, as German automakers warn of economic and industrial risks for the country.
Union strike threatens fuel deliveries from Dangote refinery
Nigeria’s two main oil unions have halted loadings at the Dangote refinery, contesting the rollout of a private logistics fleet that could reshape the sector’s balance.

The inner dome of Haiyang 4 reactor successfully installed in China

The steel dome of the CAP1000 Haiyang 4 reactor has been positioned, a major construction milestone paving the way for upcoming maintenance and technical installation phases.
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BW Energy raises $365mn for Maromba FPSO and secures drilling rig
BW Energy has finalised a $365mn financing for the conversion of the Maromba FPSO offshore Brazil and signed a short-term lease for a drilling rig with Minsheng Financial Leasing.
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.
Iran seeks to revive oil production amid threat of renewed sanctions
Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.

StarCharge seals 1 GWh deal in India with Prozeal Green Energy

StarCharge has signed a contract to supply 1 GWh of battery energy storage systems to Prozeal Green Energy, strengthening its presence in the Indian market and continuing its international expansion.
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Ottawa allocates $370mn to support Canadian canola sector amid Chinese tariffs
The federal government is granting $370mn to Canadian canola producers affected by a 75.8% tariff imposed by China, and is introducing fiscal and regulatory measures to strengthen the domestic biofuel industry.
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.

Greek shipowners cut Russian crude links under new compliance rules

Greek shipping companies are gradually withdrawing from transporting Russian crude as the European Union tightens compliance conditions on price caps.
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Zelensky urges Slovakia to stop buying Russian oil via Druzhba pipeline
The Ukrainian president demanded that Slovakia end its imports of Russian crude, offering an alternative supply solution amid ongoing war and growing diplomatic tensions over the Druzhba pipeline.
Transneft strategic site targeted in Russia strike
A key station on the Stalnoy Kon pipeline, essential for transporting petroleum products between Belarus and Russia, was targeted in a drone strike carried out by Ukrainian forces in Bryansk Oblast.

Coal India launches 5 GW of solar and wind projects across the country

Coal India issues tenders to develop 5 GW of renewable capacity, split between solar and wind, as part of its long-term energy strategy.
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NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports
NatPower Marine and Wah Kwong create a joint venture to deploy a maritime electric charging network in over 30 Asian ports by 2030, without requiring initial public investment.
Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey
The Chinese turbine manufacturer has signed a strategic agreement with Mensis Enerji to develop an initial 4.5 GW wind power portfolio in Turkey, strengthening its position in a fast-growing regional market.
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Ecoener commissions Guatemala’s largest solar plant with 74.7 MWp
NextDecade signs 20-year LNG deal with EQT for 1.5 MTPA from Train 5
Italy seeks energy guarantees in potential sale of IP to SOCAR
Orsted sues Trump administration over halt of Revolution Wind project
Tenergie begins construction of 5.14 MWp solar plant in Cabrières d’Avignon
Ecuador awards Sinopec a $105mn oil drilling contract in the Amazon
Petroecuador signed an agreement with Sinopec to drill new wells in the northeastern Amazon, aiming to increase output by 12,000 barrels per day.
Oil rebounds over 3% driven by gasoline demand
Crude prices gained momentum after a drop triggered by OPEC+, supported by strong gasoline demand in the United States ahead of the summer season.

Macron welcomes Berdymukhamedov in pursuit of gas deals with Turkmenistan

The French president hosts Turkmen leader Gurbanguly Berdymukhamedov in Paris to finalise economic agreements amid geopolitical rivalries over Central Asian gas resources.
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ADNOC Gas exceeds expectations with $1.27bn net profit in first quarter
Emirati producer ADNOC Gas recorded a 7% increase in net profit in Q1 2025, driven by sustained domestic demand and efficient operational management.
US solar tariffs redirect supply flows to Southeast Asia
The US announcement of tariffs exceeding 3,500% on Southeast Asian solar panels is pushing manufacturers to shift focus toward high-potential regional markets.

Golar signs 20-year deals in Argentina for two FLNG units totalling $13.7bn

Golar LNG finalised long-term charter agreements with Southern Energy S.A. for two FLNG units offshore Argentina, generating a projected order backlog of $13.7bn.
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Platts expands low-carbon marine methanol assessments to Shanghai and Rotterdam
Platts has released its first low-carbon marine methanol price assessments in Shanghai and Rotterdam, enhancing price visibility for maritime transport and the alternative methanol value chain.
Washington and Kyiv seal energy deal on strategic mineral resources
The United States and Ukraine have established a joint fund to exploit Ukrainian natural resources, under a bilateral agreement with no explicit military commitments.

Opec+ ramps up production despite crude falling below $62

Eight Opec+ members will raise output by 411,000 barrels per day in June, boosting global supply amid falling prices and ongoing trade tensions.
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Naftogaz receives €270 million from EBRD to bolster gas reserves in Ukraine
Ukraine will receive a €270 million loan from the European Bank for Reconstruction and Development, backed by a Norwegian grant, to secure gas imports over two winters.
Washington secures access to Ukrainian mineral resources through joint investment fund
The United States and Ukraine have signed a bilateral agreement establishing an investment fund aimed at financing reconstruction and natural resource extraction projects on Ukrainian territory.

Brookfield Infrastructure secures $1.6bn through targeted asset sales in 2025

Brookfield Infrastructure raised $1.6bn in the first quarter of 2025 by completing multiple asset sales while reporting a 5% increase in funds from operations.
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CBAK Energy reaches 14.6% of global 32140 cylindrical cell market in Q1
Chinese battery manufacturer CBAK Energy rose to fourth place in the global 32140 cylindrical cell market, according to data from the Start Point Institute of Research.
Ukrainian gas production falls by 50% after Russian strikes
Russian attacks on Ukrainian gas infrastructure have halved national production, pushing Kyiv to seek alternative import sources to secure winter supply.

China Faces Looming Decline in Automotive Gasoline Demand

As electric vehicles now account for more than half of new registrations in China, domestic gasoline demand is showing tangible signs of slowing down, raising significant strategic questions for refiners, according to the Oxford Institute for Energy Studies.
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PetroChina records a 2.3% increase in net profit in the first quarter of 2025
PetroChina announced stable growth in operational results for the first quarter of 2025, supported by an increase in oil and gas production and accelerated development in renewable energies.
China Approves Ten New Nuclear Reactors, Marking Historic Major Investment
The Chinese State Council has just authorized the construction of ten new nuclear reactors across five strategic sites, highlighting a massive acceleration in energy ambitions to achieve record installed capacity by 2025.

CNOOC Limited records 4.8% production growth in the first quarter of 2025

CNOOC Limited announced an increase in production and maintained profitability in the first quarter of 2025, despite an 8.3% drop in Brent crude oil prices compared to last year.
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The wind shifts: Chinese OEMs struggle to gain traction in the European market
Despite turbines priced 30 to 40% lower, Chinese manufacturers struggle to overcome credibility barriers hindering their progress in the European wind sector.
Reliance Industries invests $18 billion to develop its energy and petrochemical businesses
Reliance Industries is committing $18 billion to expand its new energy and petrochemical projects, with major industrial infrastructures under construction in India.
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