United States

JP Morgan Chase commits $1.5 trillion to critical minerals and industrial resilience

JP Morgan Chase has launched a $1.5 trillion, ten-year investment initiative targeting critical minerals, defence technologies and strategic supply chains across the United States.

Eolian and Natixis close $463mn financing for largest storage project in Texas

The Padua Complex will deliver 400 MW/1.8 GWh capacity with Tesla's support, at a strategic node of the Texas grid, following legislative action to strengthen energy reliability.

Salt River Project launches 50 MWh storage pilot with ESS in Arizona

Salt River Project will partner with ESS to install a 50 MWh long-duration energy storage system in Pinal County as part of its capacity expansion plan to meet rising demand.
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Croatia targets Russian stake in NIS to maintain oil flows

JANAF is interested in acquiring a 20 to 25% stake in NIS, as the Russian-owned share is now subject to US sanctions.

Venture Global sinks 20% after legal defeat to BP over LNG contract dispute

US LNG producer Venture Global saw its market value drop sharply after an arbitral ruling in favour of BP reignited concerns over ongoing contractual disputes tied to the Calcasieu Pass project.

Washington targets Iranian oil with new sanctions on phantom fleet

The US Treasury Department has imposed sanctions on more than 50 entities linked to Iranian oil exports, targeting Chinese refineries and vessels registered in Asia and Africa.
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Namibia and McDermott join forces to train future oil workforce

The Namibian government signed an agreement with McDermott to strengthen local skills in offshore engineering and operations, aiming to increase oil sector local content to 15% by 2030.

Durapower and Kıvanç partner to manufacture lithium-ion batteries for the US market

Singapore’s Durapower and Turkish industrial firm Kıvanç have signed an agreement to form a joint battery production venture targeting growing North American demand.

T1 Energy takes stake in Talon to expand solar manufacturing in the United States

T1 Energy invests in private solar cell manufacturer Talon PV to support industrial expansion of the U.S. solar sector and address rising grid demand.
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Exxon restarts catalytic cracking unit in Beaumont after technical failure

The 120,000-barrel-per-day catalytic cracking unit at the Beaumont site resumed operations after an unexpected shutdown caused by a technical incident earlier in the week.

Tesla targeted by federal probe over its Full Self-Driving system

The US road safety agency is reviewing nearly 2.9 million Tesla vehicles equipped with the FSD system, following dozens of reported incidents involving traffic violations and several accidents.

Washington authorises Trinidad and Tobago to explore Dragon gas field with Caracas

The United States has granted Trinidad and Tobago a special licence to resume negotiations with Venezuela on the Dragon gas field, partially lifting restrictions imposed on the Venezuelan energy sector.
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Holtec cancels nuclear storage project in New Mexico

Holtec International has ended its planned interim nuclear storage facility in New Mexico, citing ongoing legal hurdles and political deadlock over spent fuel management.

Washington threatens sanctions against countries supporting global maritime carbon tax

The United States has threatened economic sanctions against International Maritime Organization members who approve a global carbon tax on international shipping emissions.

Fermi America secures firm gas supply from Energy Transfer for HyperGrid campus launch

Fermi America has signed an agreement with Energy Transfer to secure a firm natural gas supply for powering Phase One of its HyperGrid energy campus, dedicated to artificial intelligence, near Amarillo, Texas.
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University of Texas maps geologic hydrogen to assess commercial potential

A two-year project aims to identify areas in Texas suitable for natural hydrogen exploitation, despite challenges related to infrastructure, public policy and economic viability.

Google signs wind energy deal with Eneco for its Belgian data centre

Google has signed a power purchase agreement with Eneco to supply its Belgian data centre with wind energy from three wind farms totalling 54 MW.

US sanctions hit NIS, a key player in Serbia’s oil market

Serbian oil company NIS, partially owned by Gazprom, faces newly enforced US sanctions after a nine-month reprieve, testing the country's fuel supply chain.
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Used oil imports multiply twentyfold under pressure from biofuels

Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.

Oversupply pushes natural carbon credit price to 2025 low

The price of nature-based carbon credits dropped to $13.30/mtCO2e in October as a 94% surge in September issuances far outpaced corporate demand.

Explosion at Pascagoula refinery: Chevron targeted by lawsuit after five seriously injured

Five employees injured in an explosion at the Pascagoula refinery are suing Chevron for negligence, seeking significant compensation and alleging major breaches of safety regulations.

Sonatrach and Sinopec accelerate exploration of new oil basins in Algeria

Sonatrach continues to assess underexploited oil and gas areas with the support of Sinopec, following a gradual strategy to strengthen its position on the regional energy market.

Regulatory green light restarts Palisades nuclear power plant in the United States

The United States Nuclear Regulatory Commission has authorised the restart of the Palisades power plant, marking a key milestone for Holtec in reintegrating this reactor into the US energy mix. —
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PDVSA prepares to resume oil exports as US licensing eases

Venezuelan oil group PDVSA is mobilising to restart export operations under conditions similar to previous US licences, as Washington prepares to again authorise its main partners to operate.

Trade tensions: Brazil’s strategic minerals at the centre of negotiations with the United States

The Brazilian mining sector is drawing US attention as diplomatic discussions and tariff measures threaten to disrupt the balance of strategic minerals trade.

Google signs global agreement with Energy Dome to deploy CO₂ systems

Energy Dome has signed a strategic partnership with Google to globally deploy its long-duration CO₂-based energy storage technology, aiming to support the continuous supply of electricity to power grids.
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Phillips 66 beats forecasts as refining margins rise

US refiner Phillips 66 posted quarterly earnings above expectations, driven by high utilisation rates and lower maintenance costs across its facilities.

Vallourec sees 64% drop in profit but strengthens operating margin

Despite a sharp decline in sales and prices, Vallourec improved its profitability and issued an upward forecast for its gross operating income in the second half of 2025.

Trump threatens tariffs on Russian oil, but Reuters says enforcement unlikely

Donald Trump has raised the prospect of tariffs on countries buying Russian crude, but according to Reuters, enforcement remains unlikely due to economic risks and unfulfilled past threats.
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Chevron authorised to resume oil extraction in Venezuela after suspension

US oil company Chevron has received new approval from American authorities to relaunch its operations in Venezuela, halted since May following the revocation of its licence under the Trump administration.

Renewable energies strengthen their dominance over global electricity costs in 2024

The latest report from the International Renewable Energy Agency confirms the cost superiority of renewables, but highlights persistent challenges for grid integration and access to financing in emerging markets.

Mozambique seeks Russian companies’ participation in natural gas development

Mozambique aims to strengthen the presence of Russian companies in natural gas exploration and production as the country looks to diversify its partnerships in the natural resources sector.
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The International Energy Agency forecasts 7% growth in global LNG trade in 2026

The International Energy Agency anticipates an acceleration in global liquefied natural gas trade, driven by major new projects in North America, while demand in Asia remains weak.

Iran welcomes IAEA technical delegation without access to nuclear sites

Tehran agrees to host experts from the International Atomic Energy Agency in the coming weeks, excluding any visit to sensitive sites as diplomatic tensions persist with European nations and the United States.

GE Vernova raises its forecasts for 2025 after a strong second quarter

GE Vernova's revenue rose by 11% in the second quarter, driven by momentum in its Power activities, as the US group raised its financial targets for 2025.
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US crude oil stocks fall as exports jump 9.6%

The decrease in US commercial crude oil stocks exceeds expectations, driven by a sharp increase in exports and higher refinery activity, while domestic production shows a slight decline.

NANO Nuclear reaches key milestone with prototype induction pump for reactors

NANO Nuclear Energy assembles and tests its annular induction pump prototype, marking progress for its microreactor programmes and paving the way for potential commercialisation of the technology.

EDP Renewables signs 20-year solar contract with California Water Service

EDP Renewables North America and California Water Service have entered into a 20-year agreement to supply solar energy to a strategic Bakersfield site, reducing grid energy costs by about $1.7mn over the contract duration.
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Pacific Petroleum completes $9.65mn oil acquisition in Wyoming with Japanese institutional funding

Pacific Petroleum and VCP Operating finalise the $9.65mn acquisition of oil assets in Wyoming, backed by a consortium of Japanese institutional investors and a technology innovation programme focused on real-world asset tokenisation.

Allrig strengthens its presence in Saudi Arabia with strategic expansion in Al Khobar

The Allrig group is expanding its operations in Saudi Arabia, supported by AstroLabs, to boost energy efficiency and address the growing needs of the local oil sector.