The International Energy Forum (IEF) has welcomed Hitachi Energy to its Industry Advisory Council (IAC), expanding the council’s expertise in electricity systems, grid infrastructure and technologies supporting secure, affordable and sustainable energy.
Oil prices fell on Monday (October 12), with Brent crude futures dropping $1.54, or 1.47 per cent, to $103.18 per barrel. US West Texas Intermediate (WTI) crude also declined $1.54, or 1.68 per cent, to $90.31 per barrel.
China is accelerating hydrogen energy development to support its green transition, with annual output exceeding 39 million tonnes. New pilot programmes, green hydrogen projects and more than 13,000 kilometres of completed and planned pipelines are advancing the sector’s expansion.
Energy ministers and industry leaders have concluded the 17th International Energy Forum Ministerial Meeting (IEF17) in Riyadh, calling for stronger international cooperation, sustained investment across energy systems and improved market data to strengthen global energy security.
Saudi Arabia has signed three memoranda of understanding (MoUs) with Kuwait, Qatar and Egypt to strengthen regional cooperation across electricity, renewable energy, oil, gas and petrochemicals.
US President Donald Trump made a surprise announcement of an energy ceasefire between Russia and Ukraine on Sunday that he said was "effective immediately", but Ukrainian leader Volodymyr Zelenskiy said he was still waiting to see details of the deal. Also there was no word from Moscow on the announcement
Oman’s total electricity generation rose 4.3% year on year to 37,481.8 gigawatt-hours (GWh) in the first eight months of 2026, while water production fell 3.5%, preliminary data from the National Centre for Statistics and Information (NCSI) showed.
Equinor and Shell have signed an agreement for Shell to acquire a 30 per cent interest in the Bay du Nord oil development offshore Newfoundland and Labrador, Canada, supporting the project’s progress towards a final investment decision targeted for early 2027.
Baker Hughes has expanded its Integrated Compressor Line (ICL) testing and production facility in Le Creusot, France, aiming to double production capacity for its zero-emission ICL technology and strengthen manufacturing capabilities for lower-carbon energy applications.
The International Renewable Energy Agency (IRENA) has launched a new regional cooperation platform aimed at accelerating renewable energy deployment and investment across Latin America and the Caribbean, where renewables already account for around two-thirds of electricity generation.
