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CNOOC Limited strengthens gas capacity with Dongfang 1-1 13-3 project

The launch of the Dongfang 1-1 13-3 project by CNOOC Limited marks a milestone in offshore gas development in China, bringing new investments in infrastructure and regional production.

US sanctions against NIS: Serbia secures a fifth 30-day reprieve

Serbia has secured a new 30-day reprieve from the application of US sanctions targeting NIS, operator of the country’s only refinery, which is majority owned by Gazprom.

Is Europe replacing Moscow with Washington in its energy dependence

The EU-US agreement could create a higher energy concentration than that of Russia before 2022, threatening the European diversification strategy.
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EU–US energy deal faces global market realities

The European commitment to purchase $250bn of American energy annually raises questions about its technical and economic feasibility in light of limited export capacity.

Global geothermal investments projected to reach $13.56bn by 2030

The rise in investments and the boom in binary cycle technologies are placing geothermal energy at the heart of global energy strategies, driven by heat pump demand and Asian ambitions.

Envision Energy launches the world’s first green ammonia marine bunkering in China

A 5,500-horsepower harbour vessel was bunkered with green ammonia at the Dalian terminal, marking the creation of a full value chain for this fuel and a technical milestone for the maritime sector.
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First Hydrogen strengthens its partnership with the University of Alberta to accelerate SMRs

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.

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.

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.
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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.

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.

Tulip Innovation secures third injunction against Sunwoda in battery patent dispute

Tulip Innovation has obtained a third injunction in Germany against Sunwoda Group in a battery technology patent case, strengthening its position in the electric vehicle components market.
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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.

Kazakhstan launches oil refining strategy to 2040 with $5bn in investments

Kazakhstan adopts an ambitious roadmap to develop its refining and petrochemical industry, targeting 30% exports and $5bn in investments by 2040.

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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Hungary asserts refusal to abandon Russian oil and gas in face of European Union

Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto states Budapest will block any European ban on Russian hydrocarbon imports, stressing the impact on household energy costs.

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.

Desay Battery launches proactive safety batteries and targets the global storage market

Desay Battery unveiled its new generation of energy storage solutions in Changsha, focusing on proactive safety and innovations for data centres and the global market.
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The largest 500 MW energy storage site in southern Xinjiang is now operational

A 500 MW independent energy storage site has just been connected to the grid near Kashgar, marking a significant step forward in the modernisation of southern Xinjiang’s electricity network.

Hungary confirms launch of Paks-2 with Rosatom by autumn

Hungary reaffirms its intent to double the capacity of its Paks nuclear power plant in partnership with Rosatom, with concrete works expected to begin in the autumn.
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Kazakhstan launches oil refining strategy to 2040 with $5bn in investments
Hungary confirms launch of Paks-2 with Rosatom by autumn
Hungary asserts refusal to abandon Russian oil and gas in face of European Union
Tulip Innovation secures third injunction against Sunwoda in battery patent dispute
Trump threatens tariffs on Russian oil, but Reuters says enforcement unlikely

Russia: Shell targeted by a lawsuit over its activities in Sakhalin

Russia has filed a lawsuit against several Shell entities for energy projects on Sakhalin Island. This initiative could reflect an attempt to consolidate national resources after the company’s withdrawal in 2022.

Global Gas Balance Remains Fragile Amid Limited LNG Growth IEA

The global gas balance remains precarious in 2024, with modest LNG production growth despite record demand. Geopolitical tensions sustain price volatility in European and Asian markets.

Investments in Hydrogen: Acceleration and Global Challenges

Investments in hydrogen have doubled, mainly in China, but uncertainties remain regarding demand and regulatory frameworks necessary for sustainable growth.
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Yoji Muto confirms Japan’s restart of nuclear reactors and the growth of renewables

Japan's new Minister of Economy, Trade, and Industry, Yoji Muto, recently reaffirmed the country's commitment to restart its nuclear power plants while maximizing the integration of renewables into its energy mix. This approach is part of a broader strategy to diversify Japan’s energy sources and reduce its dependence on fossil fuels.

Kazakhstan: Oil Sector Delays Hamper Growth Prospects

Kazakhstan, a major oil player in Central Asia, is facing production challenges due to delays in its key projects, limiting its ability to meet objectives and comply with OPEC+ quotas.

Multinational Corporations Increase Investments in China’s Carbon Market

Large international companies are intensifying their investments in Chinese carbon credits, attracted by the extension of the national system and the growth potential of new projects.
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Saudi Aramco raises $3 billion in sukuk to maintain dividends

Saudi Aramco has raised $3 billion via a sukuk issue, despite a drop in oil production. The funds raised are intended to support the company's dividend commitments and capital expenditure projects.

Saudi Arabia abandons hopes of $100 oil price

Saudi Arabia is changing its oil strategy, abandoning its target of $100 a barrel in order to increase production and regain market share, despite a likely drop in prices.

Russia: export ban on petrol and diesel may be lifted if there is a surplus

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.
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ExxonMobil secures 20-year access to new Guangdong LNG terminal

Guangdong LNG terminal begins commercial operations. ExxonMobil gains access to 1.8 million tons per year under a 20-year agreement with Guangdong Energy Group, marking a strategic milestone for its energy supply in China.

Putin strengthens ties with BRICS and OPEC+ in retaliation

Vladimir Putin has announced the strengthening of energy alliances between Russia, the BRICS and OPEC+, with the aim of stabilizing the global energy market, despite the sanctions imposed by the West in response to the conflict in Ukraine.

Uganda inaugurates 600 MW Karuma hydroelectric power station

Uganda boosts its energy capacity with the opening of the Karuma hydropower plant, financed by China to the tune of 1.7 billion dollars, marking a new stage in Sino-Ugandan cooperation.
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OPEC+ considers production increase, 3% fall in oil prices

Oil prices fall by 3% as OPEC+ forecasts a production increase as early as December. Saudi Arabia abandons its target of $100 per barrel, putting pressure on the markets.

Kamala Harris faces natural gas producers in Pennsylvania

Natural gas producers are urging Kamala Harris to clarify her position on LNG exports and industry regulation, while uncertainty persists over political decisions relating to hydraulic fracturing.

FTC prevents John Hess from joining Chevron board after merger

The Federal Trade Commission imposes restrictions on Chevron as part of its acquisition of Hess Corporation, preventing John Hess from sitting on the board of directors to limit the risk of collusion and preserve competition in the sector.
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Chinese recovery temporarily boosts Asian diesel market

The Asian diesel market is benefiting from a one-off rise thanks to Chinese monetary stimulus, but uncertainty persists with weakened fundamentals and a contangoing market structure.

Belgium calls for coordinated ban on Russian LNG in Europe

Belgium is pushing the European Union to adopt a coordinated ban on imports of Russian liquefied natural gas (LNG), arguing for a legal basis to speed up the phase-out of fossil fuels from Russia.

Sultan Al Jaber calls for ambitious NDCs before COP29

COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.
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The Kubuqi desert becomes a strategic hub for solar energy in China

China is transforming the Kubuqi desert into a major solar energy production site, integrating photovoltaics and soil restoration, to reinforce its decarbonization objective.

Congo and Ghana sign energy cooperation agreement

SNPC and GNPC have signed a strategic agreement to strengthen their collaboration in the oil and gas sectors, with a particular focus on energy infrastructure development and energy transition.
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