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Repsol deploys intelligent agent platform to automate workflows
Repsol has launched a pilot platform of AI multi-agents, developed with Accenture, to transform internal organisation and improve team productivity.
SUNOTEC secures financing for seven energy storage projects in Bulgaria
SUNOTEC expands in the Bulgarian market with seven projects combining battery and solar, totalling 763 MWh of storage and 115 MWp of photovoltaic capacity.

United Kingdom: gas volatility demands greater supply flexibility

Daily winter demand spikes are pushing Britain’s gas system to rely more on liquefied natural gas and fast-cycle storage, as domestic production and Norwegian imports reach seasonal plateaus with no room for short-term increases.
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Brussels seeks to ban Russian gas and oil by 2027 in major diplomatic move
Two European Parliament committees propose to advance the full halt of Russian hydrocarbon imports to 2026 and 2027, including oil, gas, and LNG, strengthening the European Union’s geopolitical position.
CES Energy raises $75mn through bond issuance to strengthen financial structure
The Canadian oilfield services provider announced a $75mn private placement of 6.875% senior unsecured notes to refinance bank debt and support operations.

France: Enedis reforms off-peak hours for 14.5 million customers from 2025

Enedis will progressively reorganise off-peak hour time slots from 1 November, impacting 14.5 million customers by 2027, under new rules set by the Energy Regulatory Commission.
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US crude oil inventories rise by 3.5 million barrels against expectations
Commercial crude reserves in the United States posted an unexpected increase, reaching their highest level in over a month due to a marked slowdown in refinery activity.
U.S. ethane exports to rise 30% by 2026
Rising terminal capacity and sustained global demand, notably from China and Europe, are driving U.S. ethane exports despite new regulatory uncertainties.

Global copper demand projected to grow 24% by 2035

The rise of data centres, electrification, Asian industrialisation and military spending are reshaping global copper market dynamics, while insufficient mining investment could increase price volatility.
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Equitix named preferred bidder for Scottish offshore transmission project
British operator Equitix has been selected to take over transmission assets of the Neart na Gaoithe offshore wind farm, a £450mn ($547mn) project awarded under Ofgem’s tenth tender round.
Energiequelle replaces five outdated wind turbines with three Nordex units in Minden
Energiequelle GmbH has launched replacement work for old turbines at its Minden-Hahlen site, aiming for long-term structural maintenance with the installation of three new 200-metre machines.

Copenhagen Infrastructure Partners sells 50% of Coalburn 2 to AIP Management

Danish fund Copenhagen Infrastructure IV transfers half of its stake in the UK-based Coalburn 2 project to AIP Management, strengthening AIP's energy storage portfolio in the United Kingdom.
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Exolum invests £4.5mn in UK’s first independent SAF blending site
Energy logistics firm Exolum launches the UK’s first independent sustainable aviation fuel blending site, supporting a nationwide network expected to supply up to 65,000 flights per year.
Lyten restarts BESS production in Gdańsk after acquiring Northvolt facility
Lyten has completed the acquisition of the Northvolt Dwa site in Poland, Europe’s largest energy storage system factory, and plans to deliver its first commercial units before the end of 2025.

China rejects US pressure over Russian oil imports

Beijing calls Donald Trump's request to stop importing Russian crude interference, denouncing economic coercion and defending what it calls legitimate trade with Moscow.
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Washington urges Japan to cut energy ties with Russia
The United States has called on Japan to stop importing Russian gas, amid rising tensions over conflicting economic interests between allies in response to the indirect financing of the war in Ukraine.
Trump reignites tensions over India’s imports of Russian oil
India faces mounting pressure from the United States over its purchases of Russian oil, as Donald Trump claims Prime Minister Narendra Modi pledged to halt them.

ABB boosted by data centre demand and beats forecasts

ABB recorded double-digit growth in sales of equipment for data centres, contributing to a 28% increase in net profit in the third quarter, surpassing market expectations.
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Santos cuts 2025 production forecast again due to technical issue
Australian group Santos lowers its annual production forecast after an unplanned shutdown at the Barossa project and delayed recovery in the Cooper Basin.
SNG Holdings rolls out 2MW grid battery in Gotemba with Digital Grid
SNG Holdings launched trial operations of a 2MW/6MWh energy storage facility in Gotemba, backed by Digital Grid and PHOTON, ahead of commercial commissioning scheduled for November.
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Scatec signs two lease contracts for 64 MW of solar in West Africa
Trump reignites tensions over India’s imports of Russian oil
China rejects US pressure over Russian oil imports
Energiequelle replaces five outdated wind turbines with three Nordex units in Minden
Global copper demand projected to grow 24% by 2035
Economics of Shale Projects: Rising Costs of Oil Production
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
Avjet Holding fined 200,000 dollars for oil spill in Quebec
Avjet Holding Inc. was fined 200,000 dollars by the Quebec Court for violating the Canadian Environmental Protection Act following a spill of 4,900 liters of petroleum product in January 2023.

TotalEnergies Invests USD 10.5 Billion in Suriname’s First Offshore Oil Project

TotalEnergies, in partnership with APA Corporation, has confirmed a USD 10.5 billion investment to develop Block 58 off the coast of Suriname. The project aims to exploit the oil resources from the Sapakara and Krabdagu fields, with reserves estimated at over 750 million barrels. The fields, located 150 kilometers offshore, will be developed using a Floating Production Storage and Offloading (FPSO) unit capable of processing up to 220,000 barrels per day.
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OPEC cuts demand forecasts in the face of rising rival production
OPEC is revising its oil demand forecasts for 2024 and 2025 downwards, due to weak economic growth and increased supply from its competitors.
Chaberton Energy starts 2.9 MW solar project in Howard County

Uganda: 21 activists arrested during a march against the EACOP project

In Uganda, 21 activists were arrested in Kampala for protesting against the EACOP oil project, backed by international players, highlighting the economic and geopolitical tensions surrounding this initiative.
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Georgia launches its first refinery to secure its energy supply
Georgia begins construction of its first oil refinery at Kulevi, with the aim of reducing its dependence on Russian imports and strengthening its energy autonomy.
Masdar and TotalEnergies launch green hydrogen SAF project
Masdar and TotalEnergies are collaborating to transform green hydrogen into methanol and sustainable aviation fuel (SAF) in Abu Dhabi, aiming to decarbonize the aviation and shipping sectors.
SAF tanker

Zambia turns to South Africa and Zimbabwe for electricity

Zambia will import 200 MW of electricity from South Africa and Zimbabwe to compensate for severe power cuts caused by prolonged drought.
EDF inaugurates CEME 1, Chile’s largest solar power plant
EDF and Generadora Metropolitana launch CEME 1, a 480 MW solar power plant in the Atacama desert, to supply 500,000 homes.
Centrale solaire CEME 1
Pipeline rupture: South Sudan faces major economic crisis
South Sudan is facing a severe economic crisis following the rupture of a pipeline crucial to its oil exports. This situation accentuates inflation and plunges the population into growing insecurity.
Crise économique Soudan du Sud

European Energy secures 500MW of grid connections in Romania

European Energy obtains approval for 500 MW of wind and solar projects in Romania, taking a key step towards their realization.
Connexions réseau projets renouvelables Roumanie
United Kingdom: British General Election 2024
The 2024 UK general election pits the Labour Party and Conservative Party against each other with distinct energy visions focused on renewables and decarbonization strategies.
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France: Marine Energies create 8,300 jobs and increase sales by 2023
By 2023, marine renewable energies, dominated by offshore wind power, had generated over 8,300 jobs and doubled their sales, with strong growth in exports.
Croissance énergies marines renouvelables France

Ecuador: 11% increase in petrol prices triggers strong reactions

Ecuador is facing an almost 11% increase in the price of gasoline, a decision likely to provoke further protests in a country where fuel subsidies are a highly sensitive issue.
Fuel price increase Ecuador
Russia Exceeds OPEC+ Oil Production Quotas in May
In May, Russia exceeded OPEC+ production quotas, but is committed to meeting its obligations by September 2025.
Russie quotas production pétrole OPEC+
French start-up Hopium goes into receivership and falls on the stock market
French start-up Hopium, which promised the first hydrogen-powered sedan, has announced that it has been placed in receivership, leading to a 40% fall in its share price, but claims to have found the funding to continue its activities and develop its fuel cell technology.

City of Richmond approves Raven SR bioenergy project

Raven SR takes a crucial step towards renewable hydrogen production by obtaining a permit for its bioenergy project in Richmond, California. This approval marks a significant step forward in the conversion of organic waste into clean fuels and contributes to the reduction of CO2 emissions.
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Nigeria: President Buhari inaugurates a mega-refinery before its commissioning
Nigerian president inaugurates Dangote's mega-refinery, offering the prospect of solving shortages and creating revenue. However, analysts doubt the actual start-up date of the refinery, which could be delayed until the end of 2024.
Fidelis New Energy builds its first large-scale facility for the management of captured CO2 in Denmark
Denmark takes a major step forward in the management of captured CO2 with the construction of its first large-scale facility in Aalborg. The Port of Aalborg and Fidelis New Energy unveil ambitious plans to process up to four million tons of CO2 per year, contributing to the country's emission reduction.