Ukraine

Rosatom and China National Nuclear Corporation signed a memorandum of understanding to strengthen bilateral cooperation in talent development and skills training in the nuclear sector.
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.

QatarEnergy secures offshore exploration licence in Congo

QatarEnergy obtained a 35% stake in the Nzombo block, located in deep waters off Congo, under a production sharing contract signed with the Congolese government.
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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.
Vantage Drilling has finalised a major commercial agreement for the deployment of the Platinum Explorer, with a 260-day offshore mission starting in Q1 2026.

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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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.
ADNOC Gas will join the FTSE Emerging Index on September 22, potentially unlocking up to $250mn in liquidity, according to market projections.

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.
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Greek shipping companies are gradually withdrawing from transporting Russian crude as the European Union tightens compliance conditions on price caps.
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.
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The Italian government is demanding assurances on fuel supply security before approving the sale of Italiana Petroli to Azerbaijan's state-owned energy group SOCAR, as negotiations continue.
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.

UAE energy undersecretary visits Tellus Power in Hong Kong

The visit marks a new step in the cooperation between the United Arab Emirates and Tellus Power, aiming to establish an EV charging station production unit in the Gulf.
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The new Russian railway line linking the Elga mine to the Sea of Okhotsk port will reach full capacity in 2026, after an operational testing phase scheduled for 2025.
India increased its purchases of Russian oil and petroleum products by 15% over six months, despite new US trade sanctions targeting these transactions.

Gazprom and CNPC seal binding agreement for the Power of Siberia 2 project

Gazprom and China National Petroleum Corporation have signed a binding memorandum to build the Power of Siberia 2 pipeline, set to deliver 50 bcm of Russian gas per year to China via Mongolia.
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Russian group T Plus plans to stabilise its electricity output at 57.6 TWh in 2025, despite a decline recorded in the first half of the year, according to Chief Executive Officer Pavel Snikkars.
Indonesia will finalise a free trade agreement with the Eurasian Economic Union by year-end, paving the way for expanded energy projects with Russia, including refining and natural gas.
Democratic senators urge the DOJ to investigate big oil's collusion to raise gas prices, accusing Scott Sheffield of being behind it.
The European Commissioner for Energy, Kadri Simson, assures us that the new European sanctions against Russian LNG transshipment will not affect Asian buyers.

Mali launches Safo solar power plant with China

The Malian government has launched the construction of a 100 MWp solar power plant in Safo, in partnership with China, to address electricity shortages.
Centrale énergie solaire Mali Chine
The closure of the Sleipner offshore hub in Norway led to a sharp rise in European gas prices, reaching their highest level in 2024.
More than twenty Democratic senators are calling for a Justice Department investigation into suspected price-fixing in the US oil industry.

EDF finalizes acquisition of General Electric’s nuclear activities

Emmanuel Macron announces the official takeover of General Electric's nuclear activities by EDF, strengthening French energy sovereignty.
Acquisition nucléaire EDF-GE
Asian refiners want OPEC+ to maintain production cuts to ensure stable oil prices and refining margins
The UK and Russia play down suspicions of oil prospecting in Antarctica, asserting the scientific nature of Russian research.

Spain: partnership for a solar project in the Tabernas desert

Ingeteam and Grenergy launch a solar project in the Tabernas desert, aiming to reduce CO2 emissions by more than 127,380 tonnes a year.
Partenariat Stratégique pour un Projet Solaire d'Envergure dans le Désert de Tabernas.
During Vladimir Putin's state visit to Uzbekistan, a historic contract for the construction of a modular nuclear power plant was signed between Rosatom and Uzbekistan.
Glencore's CEO defends the company's commitment to coal, stressing its short-term necessity for the global energy transition.

Middle East: renewables to overtake fossil fuels by 2040

The Middle East is embarking on a major energy transition, with renewable energies, mainly solar, set to surpass fossil fuels in electricity generation by 2040.
Renewable energy capacity in the Middle East is set to overtake fossil fuels by 2040.
European citizens are voting in June against a backdrop of multiple crises, high inflation and war, calling climate policies into question and encouraging a shift to the right.
François Hollande suggests suspending deliveries of Russian liquefied natural gas (LNG) to Europe to limit Moscow's ability to finance the war in Ukraine, at a time when the EU is considering new sanctions.

Sweden boosts its energy support to Ukraine with 57 million euros

Sweden announces a €57 million energy aid plan to support Ukraine, strengthening its resilience in the face of Russian attacks targeting critical infrastructure.
Soutien Énergétique Ukraine Suède
The Krapivinskaya hydropower plant, an unfinished Soviet project, is the subject of controversy as Russia plans to revive it to diversify the economy of the Kemerovo region.
During an official visit to Uzbekistan, Vladimir Putin announces an increase in Russian gas deliveries, strengthening energy ties between Moscow and Tashkent.

Iran exceeds IAEA Uranium enrichment limit by 30 times

Iran's shocking discovery that it has exceeded the IAEA's uranium enrichment limit by 30 times has sparked a wave of international concern. The absence of discussions following the death of Iran's leaders only aggravates the situation, leaving the growing threat of this uncontrolled nuclear program.
Suspens Programme Nucléaire Iran
Kuwait Oil has awarded six drilling contracts to ADES Holding, to compensate for the decline in its old oil fields and expand its production capacity.
Mali has inaugurated work on a 200 MW solar power plant in Sanankoroba, in partnership with Russia, aimed at boosting national electricity production.