Venezuela

Amber Energy, an affiliate of hedge fund Elliott Investment Management, submitted an $8.82bn offer for PDV Holding, intensifying competition in the court-supervised sale process in Delaware.
Grapevine Energy completes its financial reorganisation, eliminates part of its debt and secures over $60mn in new funding, while appointing a new leadership team to oversee its biofuels operations.

PGE deploys 475 MW of batteries to secure Portland’s electricity demand

Portland General Electric inaugurates three new battery energy storage sites, strengthening available capacity in the Portland metropolitan area by 475 MW and supporting growing demand while stabilising costs.
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Joule, Caterpillar and Wheeler have signed a partnership to provide four gigawatts of energy to a next-generation data centre campus in Utah, integrating battery storage and advanced cooling solutions.
Arevon’s Eland Solar-plus-Storage project, with a capacity of 758 megawatts and integrated storage, enters full operation in California after two phases and more than $2 bn in investment.

GFL Environmental finalises $4.25bn deal to recapitalize Green Infrastructure Partners

GFL Environmental announces the recapitalization of Green Infrastructure Partners at an enterprise value of $4.25bn, involving new institutional investors and a major redistribution of capital to its shareholders.
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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.
ConocoPhillips targets $5 bn in asset disposals by 2026 and announces new financial adjustments as production rises but profit declines in the second quarter of 2025.

Mexico: U.S. gas exports struggle under infrastructure and climate pressure

Cross-border gas flows decline from 7.3 to 6.9 billion cubic feet per day between May and July, revealing major structural vulnerabilities in Mexico's energy system.
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Lyten announces an agreement to acquire most of Northvolt's assets in Sweden and Germany, bringing new industrial prospects to the energy storage sector in Europe.
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.

Energy Vault launches Asset Vault with $300 mn investment to accelerate 1.5 GW energy storage

Energy Vault secures an exclusive $300 mn commitment to support the creation of Asset Vault, a subsidiary dedicated to building and operating 1.5 GW of energy storage projects across several continents.
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The last monopiles manufactured by Navantia Seanergies and Windar Renovables have been delivered to Iberdrola for the Windanker offshore project, marking a major milestone for the European XXL offshore wind component manufacturing industry.
Energy Vault confirms the acquisition of the Stoney Creek storage project, marking its first major operation in the Australian market, following approval from local authorities on foreign investments.

HYLENR raises $3 mn to accelerate commercialisation of its industrial LENR reactors

Start-up HYLENR finalises a strategic $3 mn fundraising to move from pilot phase to industrialisation of its low-energy nuclear reaction systems for industrial heat production.
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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.
HydrogenXT secures a $900mn agreement with Kell Kapital Partners Limited to develop the first ten local zero-carbon blue hydrogen plants along key logistics corridors in the United States.

Adapture Renewables launches its first storage projects with 74 MWh in Texas

Adapture Renewables announces the commissioning of two battery energy storage systems in Texas, totalling 74 MWh in capacity, with technological support from Ascend Analytics for operational optimisation.
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SolarMax Technology has signed a key contract to deliver a 430 MWh battery energy storage system in Texas, strengthening its presence in the large-scale US energy solutions market.
5N Plus announces the extension of its supply agreement with First Solar, including a 33% increase in cadmium telluride volumes by 2026 and the delivery of new essential materials for photovoltaic production.
According to Wood Mackenzie, the end of the tax credit in the United States could lead to a 46% drop in new residential solar installations by 2030, despite strong long-term market potential.
Washington removes regulatory requirement mandating biennial publication of five-year schedule for offshore renewable energy auctions, offering increased flexibility to Interior Secretary.

India rejects Trump’s tariff threats over Russian oil purchases

New Delhi calls US sanctions unjustified and denounces double standard as Trump threatens to substantially increase tariffs.
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Brussels freezes its retaliatory measures for six months as July 27 deal imposes 15% duties on European exports.
BP posts a net profit of $1.63 bn in the second quarter 2025, driven by operational performance, an operating cash flow of $6.3 bn and a new $750 mn share buyback programme.

Commonwealth LNG awards Technip Energies EPC contract for major gas project in the United States

Commonwealth LNG selects Technip Energies for the engineering, procurement and construction of its 9.5 mn tonnes per year liquefied natural gas terminal in Louisiana, marking a significant milestone for the American gas sector.
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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.
Malaysia plans to invest up to 150bn USD over five years in American technological equipment and liquefied natural gas as part of an agreement aimed at adjusting trade flows and easing customs duties.

CPS Energy launches tender for 400 MW of wind energy in Texas

CPS Energy launches a tender to acquire up to 400 megawatts of wind energy, marking its most significant sector solicitation in over a decade and aiming to strengthen its energy portfolio.
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The New York Power Authority targets nearly 7GW of capacity with a plan featuring 20 renewable projects and 156 storage initiatives, marking a new phase for public investment in the State.
Discussions between Tehran and Baghdad on export volumes and an $11 billion debt reveal the complexities of energy dependence under U.S. sanctions.

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.
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Facing US secondary sanctions threats, Indian refiners slow Russian crude purchases while exploring costly alternatives, revealing complex energy security challenges.
ERG S.p.A. reports consolidated EBITDA of €274 mn in the first half of 2025, impacted by unfavourable wind conditions, but sees quarterly results improve thanks to the commissioning of new wind and storage assets.

Enbridge deploys $2 billion in solar and natural gas to fuel industrial growth

The Canadian energy infrastructure giant launches major projects totaling $2 billion to meet explosive demand from data centers and North American industrial sector.
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Chevron resumes the shipment of Venezuelan oil to the United States after a multi-year suspension due to sanctions, highlighting the persistence of oil flows between the two countries.
Chevron’s net profit dropped sharply in the second quarter, affected by falling hydrocarbon prices and exceptional items, as the group completed its acquisition of Hess Corporation.

ExxonMobil maintains shareholder returns despite a drop in quarterly net profit

ExxonMobil reports a decrease in net profit to $7.08bn in the second quarter but continues its policy of high shareholder returns and advances its cost reduction objectives.
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Canadian group AltaGas reports a strong increase in financial results for the second quarter of 2025, driven by growth in its midstream activities, higher demand in Asia and the modernisation of its distribution networks.
DLA Piper assists Grupo Cox in a planned transfer of Iberdrola assets in Mexico, with a reported value of $4.2 billion, mobilising an international legal team.
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