Europe is increasing reliance on US LNG, projected to supply two-thirds of imports in 2026, potentially becoming the EU’s main and costliest gas source amid shifting global supply, according to Institute for Energy Economics and Financial Analysis (IEEFA).
Benchmark Mineral Intelligence reported 1.60 million global EV sales in April 2026, up 6 per cent year-on-year but down 9 per cent month-on-month, driven by policy support, high petrol prices and Chinese OEM growth.
Corvus Energy and BYD Energy Storage have signed a Strategic Cooperation Agreement to expand their partnership on next-generation maritime battery technologies.
Total energy production in the US increased to a new record of 107 quadrillion British thermal units (quads) in 2025, a 3.4 per cent increase from the previous record set in 2024, according to new data in the US Energy Information Administration (EIA) Monthly Energy Review.
Eni and MSC Cruises have announced the completion of a test of the use of Enilive’s HVO (Hydrogenated Vegetable Oil) diesel. This test confirmed the technical feasibility of using the biofuel in its pure form in the maritime sector to power cruise ship engines.
bp confirmed its entry into a production sharing agreement (PSA) for six blocks in the North Ustyurt region of Uzbekistan. The agreement includes the Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq and Qulboy blocks.
TotalEnergies and Egyptian Natural Gas Holding Company (EGAS) signed an MoU for exploration in Egypt’s north-west offshore area, establishing a framework for technical cooperation, including preliminary exploration work and subsurface evaluation activities.
Ketjen has partnered with Imubit to provide refiners with real-time catalyst intelligence for FCC and hydroprocessing units, combining Ketjen’s catalyst expertise and proprietary models with Imubit’s AI-powered closed-loop digital platform for improved refinery operations.
Clean hydrogen will grow 100-fold by 2060, driven by energy security and China’s scale. Investments will reach $3.2 trillion, with strongest demand from steel, aviation and maritime despite policy and electrification challenges, according to DNV forecasts.
OEG has secured a multi-million-dollar contract extension to support offshore drilling in Australia’s Bass Strait until 2036. The deal includes manufacturing and supplying 200 DNV-certified Cargo Carrying Units (CCUs) from its Barry Beach facility in Victoria.
