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GTT wins contract for LNG tanks on floating unit in Africa
GTT has been selected by Samsung Heavy Industries to design cryogenic tanks for a floating natural gas liquefaction unit, scheduled for deployment at an offshore site in Africa.
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.

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.
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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.

Australian coal exposes global steelmakers to hidden climate risk

Underreported methane emissions from Australian mines could increase steelmakers’ carbon footprint by up to 15%, according to new analysis highlighting major gaps in global supply chains.
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Oil flow via Druzhba to Germany restored after drone strike
Rosneft Germany announces the resumption of oil deliveries to the PCK refinery, following repairs to the Druzhba pipeline hit by a drone strike in Russia that disrupted Kazakh supply.
Hanwha Power Systems to deliver COâ‚‚ MVR compressors for a CCUS project in Europe
Hanwha Power Systems has signed a contract to supply mechanical vapour recompression compressors for a European combined-cycle power plant integrating carbon capture and storage.

Seoul excludes foreign turbines in 689 MW offshore wind auction

South Korea has rejected all projects using foreign turbines in its 2025 offshore wind auction, marking a strategic shift in favour of local industry and energy security.
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GH2 Solar invests $48.2mn in electrolyzer plant in Gwalior with AHES
GH2 Solar Ltd partners with AHES Ltd to build an electrolyzer plant in Gwalior, targeting 500 MW capacity by 2030 with $19mn government support.
Putin asks Slovakia to block energy flows to Ukraine
During a meeting in Beijing, Vladimir Putin called on Slovakia to suspend its energy deliveries to Ukraine, citing Ukrainian strikes on Russian energy infrastructure as justification.

Moscow and Bratislava discuss the Ukrainian conflict and energy cooperation

Vladimir Putin and Robert Fico met in China to address the war in Ukraine, regional security and energy relations between Russia and Slovakia.
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Hungary launches pipeline with Serbia despite regional supply tensions
Budapest plans to complete a new oil link with Belgrade by 2027, despite risks of dependency on Russian flows amid ongoing strikes on infrastructure.
Fico to meet Putin in China before hosting Zelensky in Slovakia
Slovak Prime Minister Robert Fico plans to meet Vladimir Putin in Beijing before receiving Volodymyr Zelensky in Bratislava, marking a diplomatic shift in his relations with Moscow and Kyiv.

KOGAS signs 3.3 mtpa of US LNG for ten years starting in 2028

Korea Gas Corporation commits to 3.3 mtpa of US LNG from 2028 for ten years, complementing new contracts to cover expired volumes and diversify supply sources and price indexation.
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Seoul and Washington open talks on nuclear fuel reprocessing
The United States and South Korea have agreed to initiate discussions on reprocessing spent nuclear fuel, marking a potential strategic shift in the long-standing bilateral agreement.
AP1000 reactor certification extended in the US until 2046
The United States Nuclear Regulatory Commission has granted a 40-year extension for the AP1000 reactor design certification, supporting its long-term construction domestically and deployment abroad.

Air Liquide acquires South Korean DIG Airgas for €2.85 billion

French group Air Liquide strengthens its presence in Asia with the acquisition of South Korean DIG Airgas, a key player in industrial gases, in a strategic €2.85 billion deal.
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Hungary Seeks U.S. Support After New Disruptions on the Druzhba Pipeline
Amid repeated disruptions on the Druzhba pipeline, attributed to Ukrainian strikes, Hungary has requested U.S. support to secure its oil supply.
Ukrainian Arrested in Italy Refuses Extradition for Nord Stream Sabotage
First suspect linked to the Nord Stream pipeline explosions, a Ukrainian citizen challenged by Berlin opposes his judicial transfer from Italy.
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Orazul Energy launches cash tender offer for its 2027 notes
Iraq in talks with ExxonMobil for refining capacities in Asia
Greek shipowners cut Russian crude links under new compliance rules
Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey
NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports
Oil: SLB profits jump in 1Q
Oilfield services giant SLB (formerly Schlumberger) sees net profit rise 83% in the first quarter of 2023 on the back of high oil prices and a recovery in investment by major oil companies, showing optimism for the current year.
Mitsui wants to contribute to a stable energy supply with natural gas and LNG
Mitsui & Co Ltd acquires 92% of an unconventional gas asset in Texas to expand its gas business and support the energy transition. This is in line with Japan's objective to keep LNG as a transitional fuel.

Biden calls for climate action at global summit

Biden calls on world leaders to prioritize climate policies over geopolitical conflicts despite the crisis in Ukraine. It proposes financial contributions to support developing countries and urges leaders to accelerate progress toward decarbonization.
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The Chinese yuan, a payment solution for the Rooppur nuclear power plant
Bangladesh and Russia are using Chinese yuan to settle payments for the Rooppur nuclear power plant due to U.S. sanctions, causing delivery delays for the project but both sides remain committed to its completion.
IberBlue Wind invests in offshore wind in Portugal
The IberBlue Wind consortium will invest more than €4 billion to create a combined capacity of 1.96 GW in two offshore wind farms in Portugal and Spain. The farms, Creoula and Juan Sebastian Elcano, will comprise approximately 109 turbines and will contribute to Portugal's goal of generating 80% of its annual electricity needs from renewable sources by 2026.

IEA forecasts oil supply shortfall

The IEA forecasts a potential supply deficit of up to 2 million barrels per day in the second half of 2023 due to recent OPEC+ production cuts. China's economic recovery continues to drive growth and could lead to higher oil prices.
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Annexation of Crimea: the Ukrainian Naftogaz claims that Moscow has been ordered to pay it 5 billion USD in compensation
Naftogaz, the Ukrainian energy giant, has won a victory in a court in The Hague, forcing Russia to pay it $5 billion in compensation for illegally seizing assets during the annexation of Crimea in 2014. Russia still denies the illegal seizure of assets.
Ukraine: The World Bank provides USD 200 million to repair the electricity network
The World Bank is providing $200 million to Ukraine for the renovation of its electricity network, which was heavily damaged during the recent Russian strikes. This financial assistance will allow for the rehabilitation of the most critical infrastructure and the installation of emergency heating equipment.

Wind and solar provided 12% of global electricity in 2022, a record in the shadow of coal

Wind and solar have broken a record by producing 12% of the world's electricity in 2022, but coal remains the world's leading source of electricity. Greenhouse gas emissions have reached a new record high, but the report's authors anticipate a small decline in fossil fuel production in 2023.
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Ukraine resumes exports to the EU
Ukraine resumes electricity exports to the European Union after a six-month pause due to Russian attacks. Successful repairs to energy infrastructure have allowed exports to resume.
Japan calls for G7 cooperation on decarbonization
Japan seeks G7 support to accelerate decarbonization efforts at the upcoming Climate, Energy and Environment Ministers' meeting. The country aims to ensure energy security and economic growth while reducing carbon emissions.

Nord Stream: the origin of the sabotage remains uncertain according to a Swedish prosecutor

The sabotage of the Nord Stream gas pipelines remains mysterious, according to the Swedish prosecutor who is leading the investigation, with the assumption that a state is responsible. The attack remains linked to Russia's invasion of Ukraine, although those responsible are not yet known despite ongoing investigations in several countries in the region.
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IAEA chief in Russia to negotiate safety of Zaporizhia
IAEA Director Rafael Grossi travels to Russia to secure the Zaporizhia nuclear power plant in Ukraine, which has been fired upon several times. Russia says it is ready to work on the implementation of Mr. Grossi's proposals to ensure the safety of operations.
Oil: the announced production cuts are “in the interest” of the world market (Kremlin)
Russia and other major oil producing countries have announced production cuts to maintain global prices. These declines caused oil prices to jump on Monday morning, good news for Russian finances.

Oil soars after surprise production cut by Opec countries

Oil prices rose after eight OPEC+ countries announced a voluntary cut of more than one million barrels per day through the end of the year, signifying an actual reduction in supply and a tightening of the market. Brent and WTI prices recorded their strongest increases in a year.
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Iraq: a refinery launches its fuel production to reduce imports
The recently inaugurated Kerbala refinery represents the hope of energy independence for Iraq. This Hyundai project aims to reduce dependence on imports and stimulate local production.
New complaint against TotalEnergies for complicity in Russian war crimes in Ukraine
Two associations have filed a new complaint against TotalEnergies for complicity in war crimes in Russia, which the group is vigorously contesting, after the National Anti-Terrorism Prosecutor's Office closed their first complaint and TotalEnergies sold $15 billion worth of Russian assets in 2022.

U.S. Secretary of State Laurence Boone calls for “partnerships” on critical materials

Secretary of State for Europe Laurence Boone called for collaboration between the Biden administration and the EU to diversify supplies of critical materials for the energy transition and highlighted recent European advances in this area during her visit to the United States.
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China: oil companies’ profits rise sharply
Chinese oil giants Sinopec and Cnooc have seen profits rise in 2022 due to the war in Ukraine and the global economic recovery, despite slower growth expected in 2023, while China continues to increase its gas imports from Russia.
Zaporijjia: the safety of the nuclear power plant in a “precarious” state
The Director General of the International Atomic Energy Agency (IAEA) has warned about the precarious situation at the Zaporizhia nuclear power plant in Ukraine. The risk of a major nuclear accident is real and requires urgent intervention by the competent authorities to ensure the protection of nuclear safety.
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