The International Energy Agency (IEA) has unanimously approved Nigeria’s entry as an Association country, strengthening cooperation with Africa’s most populous nation and expanding the IEA Family to represent over 80 per cent of global energy demand.
Eni and Mercuria have agreed to form a 50-50 joint venture to manage global energy commodities trading. The venture will operate independently, covering oil, gas, LNG, biofuels, logistics and infrastructure rights.
TotalEnergies has announced the divestment of its 85 per cent interest in Block 2E offshore Malaysia to Inpex for $350 million, representing a net 8.5 per cent stake in the under-development Marjoram gas field.
Acwa has signed a Public-Private Partnership (PPP) and Power Purchase Agreement (PPA) for the development, financing, construction and operation of the N’diago 230 MW Combined Cycle Gas Turbine (CCGT) power plant in Mauritania.
Emarat Petroleum Company (Emarat) has opened its first branded service station in Yerevan, Armenia, marking its international expansion. The launch follows a partnership with MegaTrade and plans for a wider network of stations across the country.
Royal Vopak has acquired a majority stake in Green Energy Storage and approved a 200 MW/800 MWh battery project in the Netherlands. Total investment amounts to about €230 million ($262 million).
Abu Dhabi-based BlueFive Capital has acquired a 70% stake in Gulf Cobla, a UAE-based dredging, land reclamation company. As part of the deal, BlueFive Capital will buy the entire 49% stake held by an affiliate of Saudi Binladin Group, together with a 21% stake from Dutco Group.
Innovex International has completed its $95 million acquisition of TCO Group. The deal expands glass barrier technology reach, enhances cross-selling in Norway and UAE, and supports global energy services growth strategy.
Valmet has completed its acquisition of UK-based Severn Group, strengthening its Flow Control business. The deal expands its industrial valve portfolio, supports energy transition goals, and enhances offerings across key global process industries.
The World Bank’s Board of Directors has approved a $265 million loan to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a major clean energy initiative aimed at strengthening the country’s electricity grid and expanding renewable energy integration.
