Fuel prices across the European Union rose sharply in July 2026, with the cost of fuels and lubricants for personal transport increasing 16.9 per cent year-on-year, according to Eurostat.
Indonesia is positioning renewable energy, digital technology, agriculture and electric vehicle (EV) downstreaming as key sectors for European Union investment ahead of the planned 2027 implementation of the Indonesia–EU Comprehensive Economic Partnership Agreement (IEU-CEPA).
Italy’s natural gas storage has reached 79.78 per cent, or around 162.3 TWh, more than two months ahead of the October 31 deadline, according to Gas Infrastructure Europe (GIE). However, inventories remain below last year’s level of 85.56 per cent.
US Energy Secretary Chris Wright said the country has reached record levels of oil and gas production, reinforcing its position as the world’s largest energy producer.
Corinth Pipeworks has secured a $200–250 million contract to supply line pipe for the Rovuma LNG Phase 1 Project in Mozambique, strengthening its position in the global offshore energy market.
SLB has been awarded a contract by Brunei Shell Petroleum (BSP) to support production restoration from shut-in wells across multiple offshore fields.
Equinor has signed a three-year agreement with Poland’s Orlen to supply crude oil from the Johan Sverdrup field, strengthening Norway’s role in Europe’s energy security.
Mazarine Energy has completed its acquisition of a 50 per cent stake in Wintershall Noordzee from Wintershall Dea, marking its entry into the Dutch energy market.
Canada’s carbon capture, utilisation and storage (CCUS) sector is entering a critical execution phase, with major policy, commercial and investment decisions expected to shape the industry’s next stage ahead of Carbon Capture Canada 2026, taking place from September 15–17 at the Edmonton Convention Centre.
Saudi Energy Company has signed three Storage Services Agreements with the Saudi Power Procurement Company (SPPC) for the development of battery energy storage projects with a combined capacity of 1,500MW/6,000MWh across Saudi Arabia.
