Afrique

ConocoPhillips targets $5 bn in asset disposals by 2026 and announces new financial adjustments as production rises but profit declines in the second quarter of 2025.
The proliferation of Chinese industrial sites abroad, analysed by Wood Mackenzie, allows renewable energy players to expand their hold on the sector despite intensified global protectionist measures.

Europe mobilizes 13 billion euros for its offshore wind ambitions

Europe aims for 84 GW of offshore wind by 2030 versus 36.6 GW currently. Port and naval investments require an additional 6.4 billion euros.
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First Hydrogen expands its collaboration with the University of Alberta to optimise small modular nuclear reactor design and support green hydrogen development amid the growth of artificial intelligence data centres.
Technip Energies has secured a contract to lead preparatory works for a floating liquefied natural gas unit in Africa, confirming its presence in the international gas infrastructure market.

Asia accounts for 71% of new renewable capacity, Africa remains marginalised

Asia dominated global new renewable energy capacity in 2024 with 71% of installations, while Africa recorded limited growth of only 7.2%, according to the latest annual report from IRENA.
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Global COâ‚‚ emissions reach a record level in 2024, while Europe reports a local decrease but significantly outsources its pollution to emerging economies, revealing a pronounced gap between stated ambitions and economic realities.
While capital is flowing into clean technologies globally, Africa remains marginalised, receiving only a fraction of the expected flows, according to the International Energy Agency.

Tariff increases slow down energy projects in the United States

New US tariff measures are driving up energy sector costs, with a particularly strong impact on storage and solar, according to a study by Wood Mackenzie.
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Engie validates hydrogen storage in salt caverns, opening a strategic market for industrial firms and energy producers facing the rise of renewable gases and the need to diversify technical solutions to meet increasing demand.
The NGO Reclaim Finance ranked BPCE last among twenty major European banks for its lack of commitment to the transition towards carbon neutrality, according to a study published on Tuesday.

Nexans sells its industrial division Lynxeo to Latour Capital for 525 million euros

Nexans has announced that it has entered into exclusive negotiations with the investment fund Latour Capital for the sale of Lynxeo, its industrial cable division, for an amount of 525 million euros. This transaction is part of the group’s strategy to focus on electrification.
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The Trump administration is detailing its energy priorities in Houston this week, focusing on deregulation and support for fossil fuels. The CERAWeek conference, which gathers key industry players, will serve as the stage for these announcements.
In February 2025, US LNG exports to Europe reached a historic high, with the UK as the top importing country, as demand for natural gas continues to grow in the European market.

Shell forecasts a 60% increase in global LNG demand by 2040

Global demand for liquefied natural gas (LNG) is expected to rise by 60% by 2040, driven by economic growth in Asia, emissions reduction efforts in industry and transport, and the impact of artificial intelligence, according to Shell.
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Lightsource bp has signed 10 power purchase agreements in 2024, representing 1.3 gigawatts of capacity, spanning Europe, the Americas, and the Asia-Pacific region.
Trade restrictions and the concentration of critical mineral supply expose supply chains to increasing risks. Despite a currently well-supplied market, the IEA warns of future shortages that could impact strategic industries.

European gas reserves fall below 50% as prices exceed $620

Gas prices in Europe have surpassed $620 per 1,000 cubic meters, reaching a level not seen in two years. At the same time, underground gas reserves have dropped below 50%, with withdrawal rates among the highest ever recorded for February. ##
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Westbridge Renewable Energy is developing five new battery energy storage system projects in Alberta, totaling 539 MWh, strengthening Canadian energy infrastructure and supporting the transition to renewable energy.
According to the KOMO Q1 2025 report by KAPSARC, India will dominate global oil demand growth with an additional 220 Kb/d, surpassing China and reaffirming Asia's central role in the energy market.
Russian Deputy Prime Minister Alexander Novak announces that Russia could lift the gasoline export ban if a supply surplus is found in a stable domestic market.
Eni is in advanced discussions with KKR to sell 20% of its biofuels subsidiary Enilive. Other investors, such as Stonepeak, are showing an interest in a new stake.

Brazil increases LNG purchases to offset hydroelectric decline

Faced with dwindling water reserves, Brazil is stepping up its purchases of liquefied natural gas to maintain power generation, increasing pressure on the global LNG market this winter.
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Envision Energy and TÜV Nord enter into a partnership to strengthen the certification of wind power technologies, with a focus on supply chain optimization and international competitiveness.
Stellantis and Orano abandon their planned joint venture to recycle electric vehicle batteries. The project, announced for 2023, will not see the light of day in 2026 as originally planned.

Centrus invests USD 3.4 billion in US nuclear power

Centrus urges the U.S. government to direct the $3.4 billion in federal investment into domestic nuclear technology, in order to strengthen U.S. energy independence from foreign dependencies.
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By 2023, 81% of new renewable energy capacity was cheaper than fossil fuel alternatives, emphasizing their key role in the global energy transition.
VLCC tanker rates from the Gulf of Mexico to Europe and Asia are beginning to recover after a year of sharp declines, due to fluctuating demand for crude oil.

Stellantis launches Chinese electric city car in Europe

Stellantis introduces the Leapmotor T03, a Chinese electric model assembled in Poland, targeting the entry-level market in Europe with a competitive price and 265 kilometers of range.
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NANO Nuclear Space is working on adapting its micronuclear reactors for space missions, with a focus on cis-lunar space.
Air France-KLM has signed a contract with TotalEnergies for the purchase of 1.5 million tonnes of sustainable aviation fuel (SAF) over ten years, with the aim of reducing CO2 emissions and accelerating its decarbonization strategy.

Companies struggle to maintain their investments in decarbonization

Large companies are reducing their investments in decarbonization due to geopolitical tensions, although regulations and consumer expectations continue to push them towards better management of their emissions.
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The Cove Point LNG plant, operated by Berkshire Hathaway Energy, is suspending operations for planned three-week maintenance, temporarily disrupting natural gas flows.
The thermal coal derivatives market rose by 4% in August, supported by volatile prices, mainly in Europe. Volumes reached 32.3 million metric tons, according to data from the London Energy Brokers Association (LEBA).

Carbon capture projects must accelerate to achieve carbon neutrality

The development of carbon capture technologies is crucial to achieving decarbonization targets, but projects are not progressing fast enough according to experts.
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Holtec International has selected South Yorkshire as the location for its new Small Modular Reactor (SMR) plant, with the aim of supplying Europe and the Middle East while strengthening the UK nuclear supply chain.
With Russian attacks on energy infrastructure intensifying, Ukraine needs to strengthen its network to ensure reliable supplies this winter, according to recommendations from the International Energy Agency (IEA).

Electrification of oilfield sites cuts CO2 emissions by 80

The electrification of oil and gas infrastructures could reduce production-related CO2 emissions by up to 80%, a strategic step forward for the sector, according to a study by Rystad Energy.
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This summer, diesel exports from the US Gulf Coast reached record levels, with unprecedented volumes headed for Europe and Latin America, supported by competitive freight rates and increased production.
The interdependence between the Western and Russian nuclear industries raises major concerns, especially in the context of economic sanctions. This report highlights the challenges and costs involved in reducing this dependence, prompting further reflection.
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