Comprehensive daily summaries of the most important energy news. Curated by our editorial team and enhanced with AI analysis.
Sales under the US-Venezuela oil supply agreement are projected to reach $2 billion by the end of February. Approximately 40 million barrels of Venezuelan oil are expected to be sold at around $50 per barrel, with increased exports to Asia and Europe. Chinese independent refineries can now purchase Venezuelan crude on the open market.
Engie announces a $14.2 billion acquisition of U.K. Power Networks, enhancing its presence in the British energy market. This deal is part of Engie's strategy to expand its operations and invest in energy infrastructure in the U.K.
AMD and Meta have agreed to a multi-year deal to deploy up to 6 gigawatts of AMD Instinct GPUs for Meta's AI infrastructure. The first phase will involve 1 gigawatt of custom MI450 chips, with shipments starting in the second half of 2026. This partnership aims to enhance Meta's AI capabilities and diversify its computing resources.
Chevron has signed a preliminary agreement with Iraq's Basra Oil Company to discuss acquiring the West Qurna 2 oilfield, previously operated by Lukoil. The agreement allows for the exchange of confidential data and could lead to exclusive negotiations, pending regulatory approvals. West Qurna 2 produces over 400,000 barrels per day and was recently transferred to the Iraqi state-owned company following Lukoil's settlement with Iraq.
Saudi Aramco's Jafurah unconventional gas field development is the largest ongoing gas and condensate project in the Middle East. US and Indian companies are among the first buyers from this project.
Tullow Oil secures license extensions for its core assets in Ghana and agrees to purchase a Floating Production Storage and Offloading (FPSO) unit. Despite these developments, the company continues to face ongoing cash flow challenges.
Tata Group and OpenAI have partnered to build AI-focused data centers in India, starting with 100MW capacity and an option to scale to 1GW. The project aims to develop infrastructure for AI workloads and includes wider adoption of OpenAI tools across Tata companies. The collaboration also emphasizes training initiatives for Indian youth in AI skills.
The diversified conglomerate to invest $100 billion by 2035 in renewable-powered Artificial Intelligence (AI) data centre infrastructure. The announcement is expected to catalyse an additional $150 billion in related investments, creating a projected $250 billion AI ecosystem. Expansion...
Spain's demand for transported natural gas rose by 7.4% to 372 TWh in 2025, driven by a 33.4% increase in gas demand for electricity generation following a historic blackout. The blackout highlighted the need for a flexible grid to accommodate renewable energy while ensuring reliable power supply. The gas system played a critical role in restoring electricity and maintaining energy security during the outage.
Equinor announces a new oil discovery named Granat, located near its Gullfaks facility in Norway. This find could enhance the company's production capabilities in the region.
Free account required • Access 30+ days of archives