TotalEnergies and the Iraqi government have confirmed the terms of the contract for the development and production of the GGIP project, with Basrah Oil Company holding 30% and QatarEnergy 25%. The $10 billion project aims to improve Iraq's electricity supply.

The U.S. and EU are strengthening their cooperation to accelerate the green transition and ensure energy security. They have committed to maintaining a high delivery of U.S. liquefied natural gas to Europe in 2023.

White House National Security Council spokesman John Kirby said the U.S. wants to continue working with Saudi Arabia, despite the decision by some oil-producing countries, including the Saudi kingdom, to cut production. Kirby emphasized that while the two countries do not agree on everything, they are finding ways to work together on important issues.

Opec+ members have reduced their oil production, causing prices to soar. This decision strengthens the Russian-Saudi couple and puts the United States in difficulty.

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 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.

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.

The nationalization of Esso Chad's assets, contested by Savannah Energy PLC, has been voted by the Chadian transitional parliament.

Denmark carried out an operation to recover a suspicious object. This object, a smoke buoy, would be linked to the sabotage of the Nord Stream gas pipelines, which took place last September.

The Siberian Force 2 pipeline project, which aims to link Siberia to China's Xinjiang, is considered vital for Russia in its quest for new markets in Asia. But China, now the largest buyer of Russian energy products, remains cautious about its involvement in this project.

Russia and China continue their energy cooperation with the Siberian Force 2 pipeline project. This ambitious initiative aims to deliver 98 billion cubic meters of gas to China by 2030, strengthening ties between the two countries.

The Norwegian Supreme Court has ruled in favor of the Norwegian state in a sensitive case over exclusive fishing rights in the Arctic.

Since the Russian offensive against Ukraine, Sino-Russian trade relations have been booming, with a record $190 billion in bilateral trade by 2022. However, experts warn of the risks of an unbalanced and weak relationship for Russia.

The shareholders of the Nord Stream 1 pipeline operator are considering the issue of repairing the damaged pipeline. Following an alleged sabotage, the value of E.ON's stake fell to zero. The operating company is looking for ways to seal and drain the pipeline to limit corrosion caused by seawater.

France and the United Kingdom have concluded two agreements in the field of energy covering renewable energy, nuclear safety and electricity interconnections.

U.S. and European leaders discussed the energy transition at a meeting in Washington, seeking to avoid unhealthy competition. Negotiations have been announced for a targeted agreement on strategic metals, while Joe Biden has promised to work to avoid a zero-sum competition in government support.

The head of European diplomacy, Josep Borrell, goes to Algeria for a two-day visit to discuss the deepening of the partnership between the country and the Twenty-Seven.

The sabotage of two gas pipelines in the Baltic rekindles geopolitical tensions between Russia and Europe, in the context of the invasion of Ukraine. While the American and Russian media are putting forward conflicting versions, the investigation into the operation is facing difficulties of attribution.

The investigation into the sabotage of the Nord Stream gas pipelines is progressing in Germany. A suspect vessel was searched last January, while leads point to a Polish company and a ship from Rostock.

Ukraine categorically denies any responsibility for the sabotage of the Nord Stream gas pipelines. While the accusations of the New York Times refer to a "pro-Ukrainian group", the Ukrainian Defense Minister has denied any involvement in this mysterious submarine attack.

According to information consulted by American intelligence, a "pro-Ukrainian group" was behind the sabotage of the Nord Stream 1 and 2 gas pipelines in the Baltic Sea last year. This act has added to the geopolitical tension around these pipelines which have been at the heart of the confrontation between Russia and Ukraine.

The controversial Nord Stream gas pipeline project under the Baltic Sea remains on hold after sources close to the project said the pipelines would not be repaired or reactivated in the foreseeable future due to geopolitical tensions between Russia and the West.

Since the Russian occupation of the Zaporijjia nuclear power plant in March 2022, power generation has been interrupted and the plant is now used as a military base. Russian troops are said to be present there in large numbers and the local population is said to have decreased considerably.