Baghdad and Damascus intensify discussions to reactivate the 850 km pipeline closed since 2003, offering a Mediterranean alternative amid regional tensions and export blockages.
Eco Wave Power has completed the full installation of its wave energy system at the Port of Los Angeles, paving the way for initial operational tests scheduled for September.
BP has announced the discovery of an oil and natural gas field off the coast of Brazil, in the Santos Basin, marking its most significant find in a quarter of a century.
Investments in renewable energy across the Middle East and North Africa are expected to reach USD59.9 bn by 2030, fuelled by national strategies, the rise of solar, green hydrogen, and new regional industrial projects.
Eco Wave Power has completed the installation of floaters for its pilot project in Los Angeles, marking a strategic milestone in the validation and commercialisation of its wave energy technology in the US market.
AMEA Power has commissioned a 300 MWh battery energy storage system in Egypt, a first for the country, extending the Aswan solar site’s activity and consolidating its presence in the African market.
Bahrain has concluded a civil nuclear agreement with the United States and formalised a commitment of $17bn in public investments in the US market, further strengthening bilateral cooperation.
Egyptian President Abdel Fattah al-Sisi oversaw the signing of new agreements for the construction of the El Dabaa nuclear power plant, thus strengthening the strategic cooperation between Egypt and Russia.
Saudi Aramco increases its oil prices for Asia beyond initial expectations, reflecting strategic adjustments related to OPEC+ production and regional geopolitical uncertainties, with potential implications for Asian markets.
A bulk carrier operated by a Greek company sailing under a Liberian flag suffered a coordinated attack involving small arms and explosive drones, prompting an Israeli military response against Yemen's Houthis.
Cairo is stepping up connection works for the planned 4,800 MW El-Dabaa nuclear plant, developed with Rosatom, to feed the grid from 2026 with output equal to about seven % of national electricity.
Despite strong ties, Iran's dependence on oil revenues limits its ability to secure substantial strategic support from Russia and China amid current international and regional crises, according to several experts.
ENGIE begins full operation of the Red Sea Wind Energy wind farm in Egypt, increasing its capacity to 650 MW, four months ahead of schedule, now powering over one million homes in the region.
Egypt’s Electricity Minister engages in new talks with Envision Group, Windey, LONGi, China Energy, PowerChina, and ToNGWEI to boost local industry and attract investments in renewable energy.
Egypt has been building an industrial photovoltaic solar complex in Ain Sokhna since June 19, aiming to stimulate strategic local production with a total investment of $200 million funded by the Chinese group Sunrev.
Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
Chinese independent refineries remain cautious amid rising Iranian crude prices driven by escalating Iran-Israel tensions, potentially threatening access to the strategic Strait of Hormuz.
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.
Eco Wave Power shows notable financial progress for 2024, with reduced operating expenses and a strengthened cash position. The company continues its international expansion with key projects in Israel, the United States, Portugal, and Asia.
Israeli nuclear fusion pioneer nT-Tao receives $5 million in funding from the Israel Innovation Authority to accelerate the development of its compact fusion demonstrator. This marks the fourth consecutive time the company has received such support.
Ormat Technologies has signed tolling agreements for two new energy storage facilities in Israel, further strengthening its diversification and resilience in the energy sector.
A 3-billion-dollar agreement has been negotiated between Egypt, Shell, and TotalEnergies for 60 LNG cargoes in 2025. The terms include an indexation on the Dutch TTF and staggered payments. Confirmation is still pending.
Harel Insurance and Amitim Senior Pension Funds invest $50 million to acquire a 44% stake in a renewable energy project portfolio in Israel, including solar and storage facilities.
Qatar announces technical assistance to restore essential infrastructure in Syria, severely affected by years of conflict. This aid includes an energy contribution as well as support for the electricity sector, which is undergoing restructuring.
At Jaffa Port, Eco Wave Power’s EWP-EDF One project produced 26 kW continuously, even under challenging conditions, confirming the potential of waves as a reliable renewable energy source.
Israel and the United States are funding five collaborative projects in sustainable energy, including hydrogen, recycling, and energy efficiency, for a total contribution of 16 million dollars.
A Maersk vessel was struck by a drone attack claimed by Houthi rebels near Socotra, reigniting concerns over maritime security in the Red Sea amidst escalating regional tensions.
Enlight Renewable Energy secured $550 million financing to develop a 290 MW solar and 940 MWh energy storage project in Arizona. The project, expected by the end of 2025, reflects a strategic dynamic in the sector.
The Atrisco project, combining 364 MW of solar production and 1.2 GWh of storage, finalizes its financing at $397 million. Enlight Renewable Energy strengthens its strategy in the US hybrid energy market.
Nofar Energy has concluded a 7-year fixed-price agreement for its Stendal project in Germany. This structuring contract marks a key milestone for the energy storage sector in Europe.
Israeli company Eco Wave Power announces a $3 million fundraising initiative to finance its first commercial wave energy project in Portugal, taking a step forward in sustainable energy transition.
Israel’s first wave energy power plant, now connected to the national grid, marks a milestone in renewable energy innovation in the Middle East and demonstrates the country's commitment to sustainable energy solutions.
The first Israeli onshore wave-powered energy plant is operational in Jaffa. This project represents a strategic milestone for energy diversification and technological innovation.
The marine fuel market faces abundant stockpiles and geopolitical tensions. The price gap for low-sulfur fuel oil (LSFO) between Singapore and Fujairah has reached its narrowest point in three months, reflecting limited demand and pressure on margins.
IAEA Director General Rafael Grossi visits Iran to revive inspections and seek a diplomatic resolution on Iran's nuclear program amid growing international tensions.
Liquefied natural gas (LNG) prices in the Eastern Mediterranean are falling, impacted by weak European demand and reduced shipping costs while gas reserves remain high.
BW Energy plans to reach a production of 40,000 barrels per day off the coast of Gabon by the end of 2024, thanks to an intensive drilling campaign in the Dussafu block.
Iran has carried out its first crude oil export outside the Persian Gulf via the Jask terminal, expanding its export options amid threats of retaliatory strikes by Israel targeting oil facilities.
