GE Vernova Venezuela Signs Agreement to Add 5 GW to the Power Grid
The agreement opens EPC contracts and asset integrity opportunities in critical electrical infrastructure.
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The Commonwealth LNG project reaches final investment decision
Commonwealth LNG’s FID reached its final investment decision on June 13, 2026, backed by a syndicate of 20 financial institutions for its US$12.5 billion liquefied natural gas export terminal in Louisiana.
OPEC+ cuts its 2026 oil demand forecast and increases production
OPEC+ is increasing production while cutting its demand growth forecasts for 2026.
China Accelerates Coal-to-Oil Conversion to Strengthen Energy Security
The Strait of Hormuz crisis accelerated the energy substitution strategy in Inner Mongolia.
Shell Pauses Buyback for ARC Resources Acquisition
The transaction consolidates Shell's position in Canadian natural gas and LNG.
Iraq requests extension of Kirkuk-Ceyhan pipeline agreement
The reopening of the pipeline, which has been paralyzed since 2023, would add up to 450,000 bpd to the global market from northern Iraq.
IMPSA and Venezuela negotiate hydroelectric projects totaling 672 MW
The renegotiation between IMPSA and Corpoelec could add up to 672 MW of hydroelectric capacity to Venezuela’s power system.
France Tenders 10 GW Offshore Wind by 2035
France opened the AO9/AO10 tender for 10 GW of offshore wind divided into 5 GW fixed-bottom and 5 GW floating, with award scheduled for February 2027.
Brent drops 4% as Hormuz reopens after US-Iran deal
The reopening of Hormuz removes the physical restriction that had kept markets on high alert for over three months.
Shell Loran: License for 7 TCF of Offshore Gas
Shell Loran receives a license to develop an offshore field with estimated reserves of 7 TCF of gas, strengthening energy activity in Venezuela and gas production projects in Caribbean waters.
European Offshore Wind Faces 40 GW Deficit
European offshore wind energy faces a 40 GW deficit against 2030 targets, increasing pressure on projects and investments.
Vaca Muerta production exceeds 50% of national crude oil and gas
Vaca Muerta production exceeded the threshold of 50% of Argentina's national oil and natural gas production in 2026.