Petronas cuts 5,000 jobs and exposes contradictions in its African operations
Petronas’ workforce reduction reignites questions about internal trade-offs, as the group maintains its commitments in Asia while leaving uncertainty over its operations in Africa.
Rosatom claims USD 2.9 billion from Finland’s Fortum and Outokumpu
The Moscow Arbitration Court postpones by nine months the trial initiated by Rosatom against Fortum and Outokumpu, seeking nearly three billion dollars following the controversial cancellation of a nuclear project in Finland.
Turkey faces Russian control over its nuclear future at Akkuyu
Facing Russian dominance in the Akkuyu nuclear project, Turkey accelerates international negotiations, aiming to mitigate risks related to energy dependency and potential strategic conflicts of interest.
Trump strikes Venezuelan oil buyers, immediate tensions with Beijing
Donald Trump imposes 25% tariffs against importers of Venezuelan oil, particularly targeting China, which has already condemned an infringement on its economic sovereignty, signaling increased tensions in global energy markets.
Trump denounces Canadian surcharge on electricity exported to the United States
Donald Trump accuses Canada of tariff abuse following Ontario’s decision to impose a 25% surcharge on electricity exports to three U.S. states, escalating trade tensions between the neighboring countries.
EDF: An investigation opened into undue benefits for its former executives
The National Financial Prosecutor’s Office is investigating suspicions of public fund misappropriation involving EDF. Material benefits were allegedly granted to its former executives without any legal framework over several years.
Libyan Oil Minister Khalifa Rajab Abdulsadek charged with corruption
Libya’s Oil Minister, Khalifa Rajab Abdulsadek, is charged with corruption by the Attorney General, marking a new stage in the political crisis that is disrupting the country’s oil production.
Chevron and Exxon Mobil: Conflict of Control in Guyana
Chevron and Exxon Mobil clash in arbitration over control of the Hess oil asset in Guyana, one of the world’s largest oil discoveries.
China-US trade dispute: IRA tax credits at stake
China intensifies its challenge to the Inflation Reduction Act’s electric vehicle and renewable energy tax credits, calling for WTO intervention.
Iran exceeds IAEA Uranium enrichment limit by 30 times
Iran’s shocking discovery that it has exceeded the IAEA’s uranium enrichment limit by 30 times has sparked a wave of international concern. The absence of discussions following the death of Iran’s leaders only aggravates the situation, leaving the growing threat of this uncontrolled nuclear program.
