The Republic of Congo and Eni confirm the expansion of the Congo LNG project and multiply industrial initiatives to strengthen energy supply and strategic sectors.
Italian group Eni signs a twenty-year liquefied natural gas supply contract with US-based Venture Global, covering two mn tonnes per year and marking a first for the company from the United States.
OPEC slightly adjusts its production forecasts for 2025-2026 while projecting stable global demand growth, leaving OPEC+ significant room to increase supply without destabilizing global oil markets.
The European Union is investing EUR202mn in the IFMIF-DONES project in Granada to test materials intended for future fusion power plants, in cooperation with Spain, Croatia, Italy, and Japan.
The SMI China Forum brings together international and Chinese leaders for dialogue on supply chains, investment and energy innovation, marking a major step in public-private sector cooperation.
The rapid rise of solar energy is disrupting Pakistan’s electricity sector, forcing the government to revise its tariff policy and introduce new taxes on solar panel imports.
The launch of President 100, a harbour vessel powered exclusively by biodiesel, marks a new stage for the experimentation of alternative fuels in Singapore’s maritime sector.
Mining group BHP sees low-emission iron production in Australia as unprofitable, just as Canberra and Beijing announce closer cooperation to decarbonise the global steel industry.
CNOOC Limited announces the discovery of a significant oil and gas reservoir in the buried hills of the Beibu Gulf, opening new opportunities for shallow water exploration off the coast of China.
Brazil adopts new rules allowing immediate commercial measures to counter the U.S. decision to impose an exceptional 50% customs tariff on all Brazilian exports, threatening stability in bilateral trade valued at billions of dollars.
Nearly USD92bn will be invested by major American and international groups in new data centres and energy infrastructure, responding to the surge in electricity demand linked to the rise of artificial intelligence.
Driven by rising electricity demand, the battery energy storage systems market is set to soar, according to The Insight Partners, growing from $41.97bn in 2024 to $143.28bn in 2031 at an average annual rate of 17.91%.
According to a report by Ember, the Chinese government’s appliance trade-in campaign could double residential air-conditioner efficiency gains in 2025 and trim up to USD943mn from household electricity spending this year.
Terna and NPC Ukrenergo have concluded a three-year partnership in Rome aimed at strengthening the integration of the Ukrainian grid into the pan-European system, with an in-depth exchange of technological and regulatory expertise.
Terna has signed a guarantee agreement with SACE and the European Investment Bank to finance the Adriatic Link project, totalling approximately €1bn ($1.08bn) and validated as a major transaction under Italian regulations.
Several international agencies have echoed warnings by Teresa Ribera, Vice-President of the European Commission, about commercial risks related to Chinese competition, emphasizing the EU's refusal to engage in a price war.
European Union ambassadors are close to reaching an agreement on a new sanctions package aimed at reducing the Russian oil price cap, with measures impacting several energy and financial sectors.
China has approved the construction of a strategic pipeline to transport green hydrogen from Inner Mongolia to Beijing, facilitating supply to industrial zones around the capital and boosting a rapidly expanding energy economy.
Chimbusco Pan Nation completes its first B30-MGO delivery in Hong Kong for the shipping company Orient Overseas Container Line, confirming its strategy of diversifying into alternative fuels and meeting new international marine fuel regulations.
Global photovoltaic inverter shipments increased by 10% in 2024, driven by the Asia-Pacific region, which accounts for nearly seven out of ten shipments, while China consolidates its influence on the sector.
Energy group Enel has announced an 86.8% increase in net profit, reaching 1.93 billion euros in the first quarter, beating forecasts despite falling electricity and gas prices. Operational activities and optimized financial management contributed to this success.
Portuguese group Energias de Portugal (EDP) saw its first-quarter net profit rise by 17% to 354 million euros. This growth was driven by our Brazilian subsidiary, despite a slight drop in EBITDA.
The US ban on Russian enriched uranium imports could have significant consequences for the global nuclear fuel market and directly affect the US industry, warned Russian nuclear company Rosatom.
Worldwide, green hydrogen projects are multiplying. Hygenco is working with Tata Steel to develop a green hydrogen and ammonia project at the Gopalpur Industrial Park in India. The first phase aims to start production in December 2026.
Following the Russian government's decision to temporarily abolish customs duties on exports of thermal coal and anthracite, an increase in demand is anticipated, despite competition and current sanctions.
The Maerdang hydropower plant in China's Qinghai province is now in operation, enabling the country to enter a new era of clean energy and high-altitude hydropower.
Nigerian oil and gas producer Oando is aiming to double its production following the imminent acquisition of Eni, projecting a ramp-up to 100,000 boe/d by 2029.
Plug Power Inc, the US leader in hydrogen solutions, secures the first international certification in Korea for its electrolyzers, paving the way for the commercialization of its systems in this strategic market.
Europe is stepping up natural gas injections in anticipation of strong summer demand, boosting LNG imports to avoid shortages, according to analysts at S&P Global Commodity Insights.
According to the NGO Reclaim Finance, only 17.3% of the financing provided by the four major French banks to the European oil majors between 2020 and 2023 was allocated to "low-carbon" projects.
In Bulgaria, opposition is growing to the planned coal phase-out dictated by the European Green Pact. Meanwhile, Poland, historically dependent on coal, is making a decisive pivot towards renewable energies.
Angola, having withdrawn from OPEC, is raising renewed hopes in Asia thanks to its increased oil production, offering greater flexibility in regional supply.
The Biden administration's latest regulation for electric vehicles aims to consolidate the supply chain for critical minerals in the United States and its allies.
