International

Chinese EV battery maker SVOLT is shuttering operations in Europe on the heels of a yearslong regulatory conflict between European lawmakers and EV manufacturing based in China. As we have reported over the last year, EU authorities have been doing everything in their power to stifle EV production based in …

The European Union and China agreed on Friday to continue discussions on a possible alternative to the EU import tariffs on China-made electric vehicles, a week before the levies are set to come into force, the European Commission said. The European Commission’s Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis, …

The UK and Australia will work together to pursue their energy transition goals, the prime ministers of the two countries said today. PMs Keir Starmer and Anthony Albanese did not go into detail about how much money their governments would commit to these goals but mentioned green hydrogen and offshore …

Turkish research vessel Oruç Reis has arrived off the coast of Somalia to conduct seismic surveys for oil and natural gas, Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced on Oct. 25. “Oruç Reis has reached its mission location after its journey across continents,” Bayraktar shared on X. The …

Norway’s largest oilfield, Johan Sverdrup, is expected to come off its production peak by early 2025, according to operator Equinor. The field, a cornerstone of Norway’s oil output since it started production in 2019, hit a record daily production of over 756,000 barrels in September. This represents about 6-7% of …

Russian crude oil exports by sea continue to rise as heavy domestic refinery maintenance leaves more crude available for export. Russia exported on average 3.47 million barrels per day (bpd) of crude in the four weeks to October 20, up by 140,000 bpd compared to the four-week average to October …

Indonesia plans to cut red tape to encourage oil and gas exploration as it looks to revive its domestic oil and gas industry and boost energy security, the new government and president have said. “We must have energy self-sufficiency and we are capable to be self-sufficient,” newly sworn-in President Prabowo …

Turkey will need $108 billion of public and private investment as it aims to quadruple its wind and solar energy power capacity to 120,000 MW by 2035, Energy Minister Alparslan Bayraktar said on Oct. 21. Speaking at an event to announce Turkey’s roadmap in the field of renewable energy, Bayraktar …

On Saturday, Iraqi Electricity Minister Ziad Ali Fadel announced the signing of an agreement with Turkmenistan to secure a daily supply of 20 million cubic meters of gas. In a statement, Fadel emphasized that this influx of gas will play a remarkable role in enhancing the country’s electricity infrastructure, saying, …

The UK on Thursday imposed the largest round of sanctions to date against Russia’s shadow fleet, designating additional 18 oil tankers and four LNG tankers as it seeks to cut critical revenues for Vladimir Putin. In June, the previous UK government explicitly targeted vessels identified as belonging to the shadow …