French group Orano returns to profitability in the first half of the year, supported by strong plant performance and stabilisation of international activities, notably after resolving the situation in Niger.
Subsea 7 reports a strong increase in its financial results for the second quarter of 2025 and announces a definitive agreement for a merger with Saipem, while maintaining its growth outlook for the year.
KATCO, a joint venture between Orano and Kazatomprom, has started operations at the South Tortkuduk site, backed by a $190mn investment, targeting a production capacity of 4,000 tonnes per year by 2026.
South Korean company YPP and Kazakh Invest have signed a framework agreement for the development of a green hydrogen production project in Kazakhstan, with investments potentially reaching $3.1 billion.
The discovery of the Gajajeira field marks a major step for Angola, strengthening its natural gas development strategy and diversifying national energy resources in a context of sector transition.
Three new oil fields in Iraqi Kurdistan have been targeted by explosive drones, bringing the number of affected sites in this strategic region to five in one week, according to local authorities.
The Azule Energy consortium has identified a significant gas and condensate field during Angola’s first exploration drilling dedicated to gas, marking a milestone for the country's energy sector.
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.
VAALCO Energy continues to operate the Baobab field by renovating its floating platform, despite modest production. This strategy aims to maintain stable profitability at low cost.
BP and Shell intensify their commitments in Libya with new agreements aimed at revitalizing major oil field production, amid persistent instability but rising output in recent months.
Major oil producers accelerate their return to the market, raising their August quotas more sharply than initially expected, prompting questions about future market balances.
The Abu Dhabi Fund for Development has granted AED752mn ($205mn) financing to the Gulf Interconnection Authority to connect the electricity grids of the United Arab Emirates and Saudi Arabia, enhancing regional energy exchange.
On the sidelines of the US–Africa summit in Luanda, Algiers and Luanda consolidate their energy collaboration to better exploit their oil, gas, and mining potential, targeting a common strategy in regional and international markets.
The potential closure of the Strait of Hormuz places Gulf producers under intense pressure, highlighting their diplomatic and logistical limitations as a blockage threatens 20 million daily barrels of hydrocarbons destined for global markets.
The Russian company InterRAO anticipates a 4% annual reduction in electricity exports, primarily impacted by a significant decrease in shipments to China due to limited hydroelectric production and rising domestic demand.
CNOOC Limited’s Hong Kong subsidiary and KazMunayGas have concluded a nine-year exploration and production contract covering nine hundred and fifty-eight square kilometres in Kazakhstan, sharing investment and operations equally.
Following US strikes in Iran, international energy companies partially evacuate their teams from Iraq as a precaution, while Lukoil maintains its entire personnel on southern oilfields.
The Middle East conflict forces Iraq to delay certain oil developments, disrupting field operations despite temporary stability in production and exports amid growing logistical tensions.
Maurel & Prom acquires additional stakes in two offshore oil blocks in Angola, consolidating its existing assets for an initial sum of $23mn, potentially rising based on market developments and production performance.
TotalEnergies launches the development of the Gran Morgu field offshore Suriname.
An FPSO will be installed, with discussions underway to integrate Petrobras into the project.
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.
China's lower export quotas for LSFO led to an increase in imports from Singapore, stabilizing the Asian market despite increased supply from the West.
Block 3/05 in Angola, operated by Sonangol, is the focus of a strategic program designed to offset the decline in oil production due to the maturity of the reservoirs.
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.
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.
Saudi Arabian crude oil exports hit their lowest level ever in July, revealing strategic adjustments in the face of uncertain market dynamics.
This situation raises crucial questions about the future of the global energy sector.
Solidcore Resources plc is embarking on a major energy transition by building renewable energy plants in Varvara and Kyzyl.
The project aims to reduce the company's carbon footprint while guaranteeing a stable energy supply, thereby meeting today's economic and environmental challenges.
CNOOC Limited launches production from the Liuhua 11-1/4-1 oil field, a major breakthrough in the China Sea.
This innovative project, combining technology and sustainability, promises to transform Asia's energy landscape while addressing contemporary environmental challenges.
Condor Energies Inc.
takes a decisive step into liquefied natural gas production in Kazakhstan, receiving a second gas allocation for a low-carbon facility.
This breakthrough supports the energy transition and modernizes the transport sector.
Russian oil exports could rise in October, despite internal challenges related to refining capacity.
This dynamic raises questions about the potential impact on the global market and the country's energy policy.
Central Asia, in search of new partnerships, is turning to Germany to develop trade and energy corridors.
This dynamic, in the face of current geopolitical challenges, could transform the region into a key player on the international stage.
Europe's electric battery sector is in crisis, with Northvolt facing financial challenges and production delays.
The Swedish government refuses to intervene, leaving the company's future in the hands of its shareholders.
Germany is stepping up its efforts to secure raw materials in Central Asia, in particular with Uzbekistan, against a complex geopolitical backdrop.
This strategy aims to diversify its energy supplies while addressing issues of human rights and transparency.
Saipem SpA has won a $4 billion offshore contract with QatarEnergy for the expansion of the North Field gas field.
This ambitious project aims to double Qatar's LNG production by 2030, strengthening its position on the world market.
Egypt strengthens its position in the global LNG market by awarding a tender for 20 cargoes, despite price fluctuations and increased competition.
This decision raises strategic issues for future supply.
The International Energy Agency (IEA) cuts its forecast for global oil demand growth to 910,000 b/d for 2024, citing the economic slowdown in China and an accelerated transition to alternative energy sources.
Faced with Western sanctions, Russia could limit its exports of strategic metals such as uranium, titanium and nickel, directly impacting global markets and supply chains.
ADNOC's Upper Zakum exports are falling, making it difficult to launch a futures contract for this medium-sulphur crude.
Liquidity and market challenges emerge as OPEC+ plans a quota increase.
Regulated carbon markets saw their prices rise in August, while the voluntary market faced difficulties linked to the quality of credits and a lack of liquidity.
