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Aramco sells 49% of Jafurah Midstream to GIP for $11 billion
Aramco finalizes a strategic agreement with an international consortium led by GIP, valuing its midstream gas assets in Jafurah at $11 billion through a lease and leaseback contract.
Oman Unlocks $500 Million to Exploit Its Copper and Chrome Reserves
The sultanate awards three mining concessions to local companies. Projects target strategic deposits to reduce hydrocarbon dependence.

Wood Mackenzie: Tesla remains global leader in battery storage as Sungrow closes the gap in 2024

Tesla retains the top position in the global battery storage market, but Sungrow moves within one point, revealing intensifying rivalries and a rapid reshaping of regional dynamics in 2024.
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ISRAEL: NewMed Energy signs historic $35bn gas deal with Egypt through 2040
The Israeli group NewMed Energy has signed a natural gas export contract worth $35bn with Egypt, covering 130bn cubic metres to be delivered by 2040.
Pakistan Refinery purchases Nigerian Bonny Light from Vitol for the first time
Pakistan Refinery Limited is preparing to import Bonny Light crude oil from Nigeria for the first time, reflecting the expansion of Asian refiners’ commercial partnerships amid rising regional costs.

Belarus paves the way for strategic nuclear cooperation with Uzbekistan

Belarus offers its expertise to support the construction of Uzbekistan’s first nuclear power plant, as Tashkent accelerates its civil energy projects with new international partnerships.
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AMEA Power launches Agadir desalination plant expansion with 150 MW wind farm
AMEA Power partners with Cox for the second phase of the Agadir desalination plant, set to reach 400,000 m³/day with power supplied by a 150 MW wind farm in Laayoune.
The e-fuels market targets $66.25bn by 2030 driven by Asia-Pacific momentum
E-fuels growth is accelerating with the market expected to reach $66.25bn by 2030, fuelled by Asia-Pacific’s industrial expansion, technological advances, and investments in hydrogen and ammonia infrastructure.

ADNOC Gas achieves record profit and accelerates its investment strategy in 2025

With a net profit of $1.385bn in the second quarter of 2025 and a sharp rise in capex, ADNOC Gas consolidates its position in the global natural gas market.
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Chinese manufacturers accelerate global expansion, Wood Mackenzie reports, to overcome trade barriers
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.
Japanese refiners face critical challenge of Middle Eastern oil dependency
Record Gulf crude imports expose structural vulnerabilities of Japanese refining amid rising geopolitical tensions and Asian competition.

OPEC+ Accelerates Production Hikes Amid Shifting Oil Market Dynamics

Eight OPEC+ countries boost output by 547,000 barrels per day in September, completing their increase program twelve months early as Chinese demand plateaus.
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Aramco maintains resilience with $24.5 billion profits in second quarter 2025
The Saudi oil giant posts solid results despite falling oil prices. The company pays $21.3 billion in dividends and advances its strategic projects.
Saudi Aramco and Sonatrach cut LPG prices by 5 to 10% for August
Saudi Aramco and Sonatrach have announced a reduction in their official selling prices for liquefied petroleum gas in August, reflecting changes in global supply and weaker demand on international markets.

Indian Oil Corp acquires 7 mn barrels from the United States, Canada and the United Arab Emirates

Faced with falling discounts on Russian oil, Indian Oil Corp is purchasing large volumes from the United States, Canada and Abu Dhabi for September, shifting its usual sourcing strategy.
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OPEC+ increases production by 547,000 barrels as non-OPEC supply explodes
The eight voluntary OPEC+ members accelerate their market return in September despite weakened global demand and record production from the Americas.
BP discovers major offshore field in Brazil, its largest find in twenty-five years
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.

India navigates between US sanctions and Russian oil dependence

Facing US secondary sanctions threats, Indian refiners slow Russian crude purchases while exploring costly alternatives, revealing complex energy security challenges.
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Ember: Slow national ambitions hinder global tripling of renewables
The progress of national targets for renewable energy remains marginal, with only a 2% increase since COP28, threatening the achievement of the tripling of capacity by 2030 and impacting energy security.
Emerge signs 20-year solar agreement with Misk City to power an innovative urban model
Emerge has signed a twenty-year contract with Misk City for the supply of solar electricity through a 621 kWp photovoltaic plant, supporting the site’s environmental certification and urban transformation.
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Valmet signs a national agreement to provide valve services to Petrobras
NRN raises $67.2m to accelerate its distributed energy platform in Australia
OT Cyberattacks: Energy Sector Faces $329 Billion in Risks
Oklo selected for three pilot projects by U.S. Department of Energy
Eleven US companies selected to fast-track small nuclear reactor testing
The United Arab Emirates inaugurate the first Arab nuclear power plant
The Barakah nuclear power plant in the United Arab Emirates is now fully operational with its four reactors, providing 25% of the country's electricity supply.
Centrale de Barakah, UAE
OPEC+ Extends Production Cut to Stabilize Oil Prices
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
Logo de l'OPEP (siège)

ADNOC takes 35% stake in future Exxon Mobil hydrogen plant in Texas

ADNOC acquires 35% of a hydrogen plant in Texas from Exxon Mobil, aiming to produce blue hydrogen to decarbonize heavy industries and meet growing global demand.
Raffinerie de Baytown, Texas où la future usine d'hydrogène doit être construite
Brent crude falls to a 9-month record low: Markets in a state of uncertainty
Brent crude prices fell sharply on expectations of a rapid resumption of Libyan exports and possible adjustments to OPEC+ production cuts.
Houthis continue to target oil tankers in the Red Sea
The Houthis are stepping up their attacks on oil tankers in the Red Sea, disrupting shipping and influencing the region's geopolitical and energy balances.

Saipem signs two contracts with Saudi Aramco worth USD 1 billion

Saipem wins two offshore oil engineering, procurement, construction and installation (EPCI) contracts with Saudi Aramco, worth a total of around 1 billion USD, for the Marjan, Zuluf and Safaniyah fields in Saudi Arabia.
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Astronergy delivers 1 GW of solar modules for projects in Algeria
Astronergy supplies 1 GW of solar modules to Algeria, supporting the development of 2,000 MW of photovoltaic power plants as part of the country's energy strategy.
Climate: Strategic dialogue between the United States and China ahead of COP29
Climate envoys from Washington and Beijing are meeting this week to strengthen cooperation on energy and climate policies, ahead of COP29 in Azerbaijan.

Saudi Arabia: Lower Asian crude oil prices expected in October

Saudi Arabia adjusts its official crude oil sales prices for Asia in October, due to a lower Dubai benchmark and reduced refining margins in China.
Khurais Oil Plant, à 150 km au sud de Riyad
Egypt seeks foreign funding to secure gas imports
Egypt, faced with an energy crisis due to a drop in gas production, depends on financing from Saudi Arabia and Libya to secure its purchases of liquefied gas.
Extended exemption from Russian coal export duties
Russia extends export duty exemption for thermal coal until December. Despite this measure, logistical restrictions and sanctions continue to hold back global demand.

Premium energy basins seek to reduce emissions

According to Rystad Energy, demand for hydrocarbons will remain high. Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
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Solar industry forecasts 592 GW of new capacity by 2024
BloombergNEF forecasts 592 GW of solar installations by 2024, marking 33% growth. However, overcapacity and low prices are creating pressure on the supply chain.
Algeria joins the New BRICS Development Bank
Algeria joins the New BRICS Development Bank, seeking to diversify its sources of financing and strengthen its position on the international financial scene.

Development of the Aphrodite gas field in Cyprus: tensions and adjustments

The Aphrodite gas field in Cyprus' EEZ is at the center of complex negotiations between the Chevron-Shell-NewMed consortium and the Cypriot government, following differences over the proposed development plan.
Drapeau de Chypre
Asian LNG prices outperform US prices amid uncertainty
Liquefied natural gas (LNG) prices in Asia continue to climb relative to the US, buoyed by geopolitical tensions and global supply disruptions, reflecting an energy market under pressure.
EBRD finances renewable hydrogen plant in Uzbekistan
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a renewable hydrogen production unit in Uzbekistan, aimed at reducing the use of fossil hydrogen in the fertilizer industry.

Ethiopia exacerbates regional tensions with GERD

Ethiopia completed the filling of the Grand Barrage de la Renaissance (GERD) reservoir, increasing electricity production to 1,550 MW. This progress, achieved despite objections from Egypt and Sudan, aggravates geopolitical tensions over control of the Nile's water resources.
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Masdar, Infinity Power and EETC sign contract for 200 MW wind project in Egypt
Masdar and Infinity Power sign a PPA with the Egyptian Electricity Transmission Company to build a 200 MW wind farm in Ras Ghareb, consolidating Egypt's energy supply.
TAQA/JERA: Financing completed for a cogeneration plant in Saudi Arabia
TAQA and JERA have concluded financing for a cogeneration plant in Jubail, to supply the SATORP petrochemical complex with energy and steam.
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