Shell Energy North America is reshaping its US power portfolio, agreeing to acquire Pennsylvania’s 169-MW Hunlock Creek gas plant while selling its stake in 609-MW RISEC Holdings to Constellation Energy for $715 million, strengthening its PJM position and accelerating returns.
TotalEnergies has taken full ownership of the Grandpuits advanced plastics recycling plant in France after acquiring Plastic Energy’s remaining 35 per cent stake.
Germany says its gas reserves are sufficient for winter demand, easing concerns over shortages and costly government intervention. Federal Network Agency chief Klaus Müller said storage levels exceed 136 TWh and facilities are currently more than 55 per cent full.
China discovered 200 new non-oil and gas mineral deposits in 2025, including 16 gold and 11 iron deposits, as exploration investment grew. The country also reported higher coal, crude oil and natural gas production, highlighting continued expansion in domestic resource development.
US crude oil production is expected to hit a record 13.8 million barrels per day (b/d) in 2026, surpassing the previous high of 13.7 million b/d set in 2025, according to the US Energy Information Administration’s (EIA) latest Short-Term Energy Outlook.
US inflation held at 3.4 per cent in August, while monthly consumer prices accelerated sharply to 0.4 per cent from 0.1 per cent in July. Rising petrol prices, up 3.9 per cent, drove about one-third of the overall monthly increase.
XRG, ADNOC and Securing Energy for Europe (SEFE) have signed a Memorandum of Understanding to explore cooperation across the natural gas and LNG value chains, supporting reliable and competitively priced energy supplies for Germany and Europe.
The UAE and Germany have strengthened their strategic economic partnership with a series of agreements spanning energy, industry, renewable power and advanced technology, with the deals potentially enabling more than €5 billion ($5.8 billion) in investment.
Abu Dhabi Future Energy Company– Masdar has signed two strategic agreements with European energy partners, strengthening its investment presence in Germany and supporting Europe’s energy transition, energy security and growing electricity needs.
The UAE and Mongolia have signed an MoU to expand cooperation in renewable energy and green hydrogen, including expertise sharing, skills development and potential projects. A joint working group will identify priorities, assess opportunities and support clean energy infrastructure development.
