Business partnerships

US tariff measures shake up Indian solar module exports, exposing the industry to structural overcapacity risks and forcing New Delhi to redirect its industrial strategy.
Condor Energies has completed drilling its first horizontal well in Uzbekistan, supported by two recompletions that increased daily production to 11,844 barrels of oil equivalent.

Maritime Fusion raises $4.5mn to bring fusion energy to commercial ships

California-based Maritime Fusion, backed by Y Combinator and Trucks VC, is betting on a decentralised approach to fusion to target maritime and off-grid applications.
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WhiteWater expands the Eiger Express pipeline in Texas, boosting its transport capacity to 3.7 billion cubic feet per day following new long-term contractual commitments.
Iberdrola offers to buy the remaining 16.2% of Neoenergia for 32.5 BRL per share, valuing the transaction at approximately €1.03bn to simplify its Brazilian subsidiary’s structure.

SolarX secures €15mn in debt from Afrigreen for C&I projects in West Africa

SolarX secures €15mn in senior debt from Afrigreen to refinance solar commercial assets in four francophone countries, consolidating Franco-European financial presence in a strategic and growing market.
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Paratus Energy Services collected $38mn via its subsidiary Fontis Energy for overdue invoices in Mexico, supported by a public fund aimed at stabilising supplier payments.
Bayridge Resources secures a majority stake in an advanced uranium project in Canada, strengthening its strategic presence in a geologically promising region.

CrossBoundary Energy raises $200mn with Standard Bank and MIGA guarantee for industrial projects in Africa

CrossBoundary Energy secures a $200mn multi-project debt facility, backed by Standard Bank and a $495mn MIGA guarantee, to supply solar and storage solutions for industrial and mining clients across up to 20 African countries.
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The 2026–2031 offshore programme proposes opening over one billion acres to oil exploration, triggering a regulatory clash between Washington, coastal states and legal advocacy groups.
The challenge to permits granted for the NESE project revives tensions between gas supply imperatives and regulatory consistency, as legal risks mount for regulators and developers.

Brazil reforms the LPG market and reignites battle between Petrobras and the Big 4

Brasilia is preparing a regulatory overhaul of the LPG sector to break down entry barriers in a market dominated by Petrobras and four major distributors, as the Gás do Povo social programme intensifies pressure on prices.
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Glencore's attributable production in Cameroon dropped by 31% over nine months, adding pressure on public revenues as Yaoundé revises its oil and budget forecasts amid field maturity and targeted investment shifts.
Washington imposes new sanctions targeting vessels, shipowners and intermediaries in Asia, increasing the regulatory risk of Iranian oil trade and redefining maritime compliance in the region.

ExxonMobil restarts Rovuma LNG in Mozambique targeting investment decision by 2026

The lifting of force majeure on the Rovuma LNG project puts Mozambique back on the global liquefied natural gas map, with a targeted capacity of 18 Mt/year and a narrowing strategic window to secure financing.
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The government of Mozambique is consolidating its gas transport and regasification assets under a public vehicle, anchoring the strategic Beira–Rompco corridor to support Rovuma projects and respond to South Africa’s gas dependency.
Mercuria finalises an Asian syndicated loan refinancing with a 35% increase from 2024, consolidating its strategic position in the region.

BW Energy discovers liquid hydrocarbons at Kudu and revises development plan

BW Energy has identified liquid hydrocarbons at the Kudu gas field in Namibia, altering the nature of the project initially designed for electricity production from dry gas.
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The profitability of speculative positioning strategies on Brent is declining, while contrarian approaches targeting extreme sentiment levels are proving more effective, marking a significant regime shift in oil trading.
Sixty Fortune 100 companies are attending COP30, illustrating a growing disconnect between federal US policy and corporate strategies facing international climate regulations.
S‑Fuelcell is accelerating the launch of its GFOS platform to provide autonomous power to AI data centres facing grid saturation and a continuous rise in energy demand.
Aramco is reportedly in talks with Commonwealth LNG and Louisiana LNG, according to Reuters, to secure up to 10 mtpa in the “2029 wave” as North America becomes central to global liquefaction growth.

Ukraine secures up to €2bn in Greek gas under new winter partnership

Kyiv signs a gas import deal with Greece and mobilises nearly €2bn to offset production losses caused by Russian strikes, reinforcing a strategic energy partnership ahead of winter.
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Blackstone commits $1.2bn to develop Wolf Summit, a 600 MW combined-cycle natural gas plant, marking a first for West Virginia and addressing rising electricity demand across the Mid-Atlantic corridor.
UAE-based ADNOC Gas reports its highest-ever quarterly net income, driven by domestic sales growth and a new quarterly dividend policy valued at $896 million.

Caprock Midstream expands Texas gas network and appoints Steve Jones as CEO

Caprock Midstream II invests in more than 90 miles of gas pipelines in Texas and strengthens its leadership with the arrival of Steve Jones, supporting its expansion in the dry gas sector.
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Harvest Midstream has completed the acquisition of the Kenai liquefied natural gas terminal, a strategic move to repurpose existing infrastructure and support energy reliability in Southcentral Alaska.
Dana Gas signed a memorandum of understanding with the Syrian Petroleum Company to assess the revival of gas fields, leveraging a legal window opened by temporary sanction easings from European, British and US authorities.

Egypt activates a public investment lever with the new Badr-15 gas well

With the commissioning of the Badr-15 well, Egypt reaffirms its commitment to energy security through public investment in gas exploration, amid declining output from its mature fields.
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US-based Venture Global has signed a long-term liquefied natural gas (LNG) export agreement with Japan’s Mitsui, covering 1 MTPA over twenty years starting in 2029.
Natural Gas Services Group reported a strong third quarter, supported by fleet expansion and rising demand, leading to an upward revision of its full-year earnings outlook.

Putin and Tokayev strengthen regional energy partnership with Uzbekistan

The visit of Kazakh President Kassym-Jomart Tokayev to Moscow confirms Russia's intention to consolidate its regional energy alliances, particularly in gas, amid a tense geopolitical and economic environment.
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CSV Midstream Solutions launched operations at its Albright facility in the Montney, marking a key milestone in the deployment of Canadian sour gas treatment and sulphur recovery capacity.
Glenfarne has selected Baker Hughes to supply critical equipment for the Alaska LNG project, including a strategic investment, reinforcing the progress of one of the largest gas infrastructure initiatives in the United States.

Gas Liquids Engineering secures construction clearance for Canada’s REEF terminal

Gas Liquids Engineering completed the engineering phase of the REEF project, a strategic liquefied gas infrastructure developed by AltaGas and Vopak to boost Canadian exports to Asia.
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Kuwait National Petroleum Company aims to boost gas production to meet domestic demand driven by demographic growth and new residential projects.
Chinese group Jinhong Gas finalises a new industrial investment in Spain, marking its first European establishment and strengthening its global strategy in the industrial gas sector.

Three U.S. gas basins reshape prices, flows and contracts

Appalachia, Permian and Haynesville each reach the scale of a national producer, anchor the United States’ exportable supply and set regional differentials, LNG arbitrage and compliance constraints across the chain, amid capacity ramp-ups and reinforced sanctions.
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AltaGas finalises a $460mn equity raise linked to the strategic retention of its stake in the Mountain Valley Pipeline, prompting credit outlook upgrades from S&P and Fitch.
TotalEnergies has tasked Vallourec with supplying tubular solutions for drilling 48 wells as part of its integrated gas project in Iraq, reinforcing their ongoing industrial cooperation on the Ratawi field.