TotalEnergies and French artificial intelligence company Mistral have announced a three-year partnership involving more than €100 million ($116 million) to develop a new generation of AI models for oil and gas exploration and reservoir development.
Masdar and Taaleri Energia have inaugurated Serbia’s 154MW Čibuk 2 wind farm, creating the largest wind power hub in Serbia and the Western Balkans. Combined with Čibuk 1, the facilities deliver 312MW, powering 178,800 households and attracting over €500 million ($577 million) investment.
Masdar and Azerbaijan Green Energy Company signed an agreement to explore expanding the 230MW Garadagh Solar PV project by at least 350MW, adding up to 200MWh of battery storage, and developing a 100MW round-the-clock renewable project. Masdar and SOCAR Green also reached financial close on the 315MW Neftchala solar project.
Singapore-based solar company LHN Energy will launch an integrated Solar Power Purchase Agreement (PPA) and Direct Current (DC) fast-charging solution in early September 2026, targeting businesses transitioning to electric heavy vehicles (eHVs).
International Resources Holding (IRH), an Abu Dhabi-based natural resources investment platform and subsidiary of 2PointZero Group, has signed a strategic agreement with Azerbaijan’s state-owned mining company AzerGold CJSC to jointly explore the mineral potential of the Nakhchivan region.
Oman and Thailand have signed an MoU to strengthen energy cooperation, investment and knowledge exchange. The agreement will promote joint projects, technology sharing, training and research, while establishing an energy policy dialogue to support long-term partnerships between the two countries.
US inventories of crude oil, gasoline and distillates increased in the week ending September 11, according to data from the American Petroleum Institute. Crude stocks rose by 7.1 million barrels, while gasoline inventories increased by 1.5 million barrels and distillates climbed by 1.6 million barrels week-on-week.
Oil prices held around $108 a barrel on Wednesday, near a four-month high, as markets grappled with mounting concerns over global energy supplies following the shutdown of Saudi Arabia's East-West oil pipeline and continuing attacks on key oil and shipping routes in the Middle East.
Korean Register has partnered with HD Hyundai Heavy Industries, BAR Technologies and LISCR to develop a 174,000-cubic-metre LNG carrier featuring WindWings technology, targeting improved fuel efficiency and lower emissions through wind-assisted propulsion.
Six Japanese companies have secured Approval in Principle (AiP) from Nippon Kaiji Kyokai (ClassNK) for a low-pressure liquefied CO₂ (LCO₂) carrier, following a risk assessment of CO₂ handling operations.
