United Kingdom

Vattenfall advances its nuclear project in Sweden by selecting two modular reactor suppliers, GE Vernova and Rolls-Royce SMR, for a potential installation on the Värö Peninsula.
Verra and S&P Global Commodity Insights join forces to build a next-generation registry aimed at strengthening carbon market integration and enhancing transaction transparency.

Masdar mobilizes USD 1.685 billion for energy projects through green bonds

Masdar has allocated the entirety of its 2023–2024 green bond issuances to solar, wind, and storage energy projects, while expanding its financial framework to include green hydrogen and batteries.
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The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
Energiekontor launches a €15 million corporate bond at 5.5% over eight years, intended to finance wind and solar projects in Germany, the United Kingdom, France, and Portugal.

Peabody cancels its $3.78 billion bid for Anglo’s coal mines

Peabody Energy abandons the acquisition of Anglo American’s Australian coal assets, triggering an arbitration process following the failure of a post-incident agreement at the Moranbah North mine.
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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.
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.

GIP Acquires 49.99% Stake in Eni CCUS Holding in Strategic Carbon Deal

Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.
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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.
With an annual growth rate estimated at 10.11%, the global aviation fuel market could reach USD 751 billion by 2032, driven by increasing air traffic and new industrial partnerships.

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.
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Equinix signed a preorder for 20 Kaleidos nuclear microreactors and a letter of intent for a power purchase agreement with ULC-Energy, reinforcing its energy supply strategy for its data centers.
Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.

Aramco sells 49% of Jafurah Midstream to GIP for $11 billion

Aramco finalizes a strategic agreement with an international consortium led by GIP, valuing its midstream gas assets in Jafurah at $11 billion through a lease and leaseback contract.
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The sultanate awards three mining concessions to local companies. Projects target strategic deposits to reduce hydrocarbon dependence.
Investors hold 28.9 million EUAs net long as of August 8, four-month record level. Prices stable around 71 euros despite divergent fundamentals.

Russia gains adoption of oil and gas standards in Africa and the Middle East

Around 80 Russian technical standards for oil and gas have been internationally validated, notably by the United Arab Emirates, Algeria and Oman, according to the Institute of Oil and Gas Technological Initiatives.
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An independent group calls for deep changes to speed up the approval of UK nuclear projects and cut costs linked to a system seen as too slow and complex.
GeoPura has acquired key assets from Green Hydrogen Systems and opened a subsidiary in Denmark to support its expansion in hydrogen electrolyser production and maintenance.
The UK government has selected Rolls-Royce SMR to lead the deployment of small modular reactors, aiming to secure 24 GW of nuclear capacity by 2050.
The British government officially commits £14.2 billion to develop two EPR nuclear reactors in eastern England, in strategic partnership with the French group EDF, with a final investment decision expected shortly.

Stargate Hydrogen opens modular electrolyser factory in Estonia

Stargate Hydrogen launches 140 MW factory in Estonia with modular expansion model amid cautious hydrogen investment climate.
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With trading volumes five times higher than all other European markets combined, the Dutch gas hub TTF asserts itself in 2024 as a global benchmark, attracting traders, investors, and speculators far beyond Europe.
Baku signs multiple deals with major industry players to boost exploration as oil reserves decline and ACG production slows.

Equinor signs €24 billion gas supply deal with Centrica through 2035

Norwegian group Equinor has sealed a gas supply deal with Centrica, covering nearly 10% of the United Kingdom’s annual demand over ten years.
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TotalEnergies has acquired a 350 MW portfolio of solar projects and 85 MW of battery storage in the United Kingdom, expected to be operational by 2028 and supplying the equivalent of 100,000 British households.
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.

EDF and KOWEPO win 1.5-GW Al Zarraf solar project in Abu Dhabi

EDF and Korea Western Power signed an agreement to develop a 1.5-GW solar power plant in Abu Dhabi, following a tender for which sixteen entities had been prequalified.
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Due to the lack of a tariff agreement with the United Kingdom, Xlinks suspends its subsea cable project linking Morocco.
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.

Natural Gas: A Competitive Energy Solution Compared to Renewables Through CCS

Natural gas combined with carbon capture achieves emission levels comparable to wind and solar power, positioning itself as an economical alternative to renewables despite intermittency and high battery storage costs.
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US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
The International Atomic Energy Agency revealed that Iran conducted undeclared nuclear activities at three sites, which could lead to a non-compliance resolution by mid-June.

Agip secures rights over OPL 245 after key court ruling in Nigeria

The Abuja Court of Appeal rejected Malabu Oil & Gas’s lawsuit against Agip, Eni’s subsidiary, by upholding the statute of limitations on the OPL 245 oil block case.
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Advances in enhanced and closed-loop geothermal systems are drawing growing interest from governments and tech giants, despite critical cost reductions still needed for competitiveness.
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.

Madrid rejects claims of experiment linked to nationwide power outage

Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
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TotalEnergies sells its 12.5% stake in the offshore Bonga oil field to Shell for $510mn, raising the British group's share to 67.5% in the OML 118 block off the Nigerian coast.
Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.
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