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Prisma Photonics raises $30mn to expand its optical fibre infrastructure monitoring platform

Israeli company Prisma Photonics has raised $30mn in a funding round led by Protego Ventures to develop its artificial intelligence-based detection system for power grids and critical infrastructure.

Eco Wave Power deploys BladeRanger drones to automate wave maintenance

Eco Wave Power and BladeRanger have unveiled a first-of-its-kind drone-powered maintenance system for onshore wave energy infrastructure, aimed at reducing operational costs and improving system performance.

IAEA: Iran held 440.9 kg at 60% before Israeli strikes

A report by the International Atomic Energy Agency puts Iran’s 60% enriched uranium at 440.9 kg before Israeli and U.S. strikes, while the agency’s access to enrichment sites has remained suspended since the operations.
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Colombia: Petro blocks coal to Israel in a political showdown

President Gustavo Petro bans all coal exports to Israel, a decision with minor energy effects but strong diplomatic weight, illustrating his anti-Americanism and attempts to reshape Colombia’s domestic politics.

Return of IAEA inspectors to Iran after one month of diplomatic breakdown

Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.

Shikun & Binui commissions a 71 MW solar power plant in Romania

Israeli group Shikun & Binui begins commercial operation of its first photovoltaic park in Romania, a 71 MW facility located in Satu Mare County.
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Iraq and Syria Revive Kirkuk-Baniyas Pipeline to Bypass Traditional Routes

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 completes installation of pilot project at the Port of Los Angeles

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.

OPEC+ Cuts Production Despite Higher Quotas in July

OPEC+ oil production fell to 41.65 million barrels per day in July 2025, reveals S&P Global's Platts survey, as Saudi Arabia normalizes production after June's Iran-Israel tensions.
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IAEA Dispatches Envoy to Tehran to Negotiate New Nuclear Framework

A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.

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.

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.
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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.

Shell launches a share buyback programme after a 23% drop in net profit

Shell’s half-year net profit falls to USD8.38bn as the group announces a new share buyback programme, amid lower hydrocarbon prices and ongoing cost reductions.

Eco Wave Power installs its first wave energy floaters at the Port of Los Angeles

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.
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OIES maintains its Brent price forecast and adjusts oil market surplus projections

The Organization of the Petroleum Exporting Countries (OIES) confirmed its Brent price forecast at 69 USD/b in 2025 and 67 USD/b in 2026, while adjusting its 2025 surplus forecast to 280,000 barrels per day.

Asia-Pacific LNG physical market jumps 86% year over year despite geopolitical tensions

LNG trading volumes in the Asia-Pacific region reached 1.24 million tonnes, driven by summer demand and rising participation, despite a 21% monthly decline linked to geopolitical uncertainty.

Bahrain signs civil nuclear agreement with the United States and announces $17bn in public investments

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.
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OPEC Cuts Forecasts but Anticipates Rising Oil Demand

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.

Drone attacks disrupt five oil fields in Iraqi Kurdistan within one week

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.
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Asian LNG activity hits seasonal high despite muted demand
Canada and the United Kingdom strengthen energy alliance around critical minerals
Rondo commissions 100 MWh heat battery to power refinery
AEP secures $1.6bn to modernise 8,000 km of interstate power lines
Standard Lithium lève $130mn pour accélérer ses projets aux États-Unis

OX2 makes its first solar sale in Spain

OX2 sells 82MW of solar projects in Spain to Afcon Renewable Energy, strengthening its presence in Europe and supporting the growing demand for renewable energy.
OX2 Élargit son Horizon Européen

OPEC’s impact on the Israeli-Palestinian crisis

In a complex geopolitical context, OPEC is at the heart of tensions between Arab nations and Israel, profoundly influencing the current crisis.
Géopolitique pétrolière en tension

Qatar and IAEA: Strategic Alliance for Innovative Nuclear Projects

Qatar launches three innovative nuclear projects in collaboration with the IAEA, marking a significant step forward in the fields of health and environmental safety.
Qatar-IAEA: Innovation Nucléaire pour la Paix

The Race for Climate Control: A New Global Challenge

Cloud seeding, an ancient practice, is gaining in importance in the face of the challenges posed by global warming.
Manipuler le Climat: Enjeux Globaux

Jordan: Refusal to sign energy agreement with Israel

Jordan announces the cancellation of an energy agreement with Israel, citing the current conflict in Gaza as the main reason.
Accord annulé tensions exacerbées

Energy Outlook: Demand Growth and Oil Supply in 2023

In 2023, global oil demand will increase, driven by China, while US and Brazilian production will outperform, despite economic and geopolitical uncertainties.
Demande pétrolière croissante en 2023

Renewal of the US Iraq Waiver: Impact and Implications

The United States extends an exemption from sanctions against Iraq for the purchase of Iranian electricity, raising complex geopolitical issues.
Renouvellement exemption américaine impacts géopolitiques

Geopolitical Threats and Fossil Energy: IEA Chief’s Opinion

Growing geopolitical threats to global oil and natural gas supplies, coupled with concerns about man-made climate change, are increasingly eroding the appeal of fossil fuels as reliable and secure sources of energy, said Fatih Birol, head of the International Energy Agency, on November 7.
menaces-geopolitiques-energies-fossiles

Oil prices recover from their recent plunge

Oil prices resumed their ascent from July lows, thanks to possible OPEC+ intervention and less disappointing Chinese economic data.
Reprise des prix pétroliers

Egypt Imports LNG in Response to Gas Supply Shortage

Egypt has received a rare cargo of liquefied natural gas (LNG) at its Ain Sukhna terminal in the Red Sea, following a shortage of Israeli gas supplies that has caused prolonged power cuts in the country in recent weeks.
L'Égypte Importe du GNL

Oil prices: Geopolitics in the Middle East 2023

Oil prices currently reflect the view that a 1973-style oil embargo is an extremely unlikely response to the crisis in Gaza. However, the leaders of OPEC's largest producers have made irrational decisions in the past.
Prix du pétrole Moyen-Orient 2023

Global Natural Gas and LNG Prices: A Persistent Risk Premium

Despite comfortable inventory levels and weak seasonal demand, global natural gas and LNG prices are maintaining their risk premium, raising concerns about persistent market nervousness.
conduit GNL

Aramco Reports a 23% Drop in Q3 Profits

Saudi oil giant Aramco reported a 23% drop in third-quarter profits, attributing the decline to falling oil prices and production cuts.
le géant pétrolier saoudien Aramco

Russia and Saudi Arabia cut oil supplies until 2023

Officials from Russia and Saudi Arabia have announced continued voluntary cuts in oil supply until the end of 2023, in response to concerns over OPEC+ production policy and tensions in the Middle East.
Barils de pétrole

Cyprus accepts Chevron’s extension request for Aphrodite gas field

Cyprus has responded positively to a request from international energy companies, led by Chevron, to extend negotiations on a modified development plan for its offshore Aphrodite gas field, its energy minister said on Monday.
Chypre et Chevron extension négociations

Oil price recovery: Commitment from Arabia and Russia

Oil prices have risen significantly following the reaffirmation by Saudi Arabia and Russia of their crude production cuts until the end of the year.
Prix du Pétrole en Hausse

Oil prices fluctuate due to tensions in the Middle East

Oil prices fell slightly due to profit-taking by energy investors ahead of the weekend and possible developments in the war between Israel and Hamas.

Oil prices rise following Fed decision

Oil prices rose after the US Federal Reserve decided to keep interest rates unchanged, which could boost demand for oil in the US.
Exploitation pétrole

European Officials Turn to American Liquefied Natural Gas

European officials are looking to secure their energy supplies by turning to US liquefied natural gas (LNG) to meet their energy needs while reducing greenhouse gas emissions, despite global geopolitical tensions.
gaz-naturel-liquefie-americain

OMV reports a 43% drop in profits in Q3 2023

Vienna, October 31, 2023 (AFP) - OMV, announced a significant 43% drop in profits in the third quarter of 2023, attributed to falling oil and gas prices after a record year in 2022.
Baisse des Profits d'OMV
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