QatarEnergy said on Tuesday (March 24) it had determined that it needed to declare force majeure on some of its affected long-term LNG supply contracts, with counterparties including customers in Italy, Belgium, South Korea, and China.
TotalEnergies has launched France’s first advanced plastics recycling plant, with an annual capacity of 15,000 tones, at its Grandpuits site southeast of Paris. This start-up marks another step in the conversion of the refinery into a zero-crude platform.
The International Energy Agency (IEA) urged demand-side measures to ease consumer impacts from Middle East war disruptions. Reduced Strait of Hormuz flows tightened markets, cutting supply, pushing oil above $100 per barrel and raising refined product prices sharply.
bp agreed to sell its Gelsenkirchen refinery and related businesses in Germany to Klesch Group, advancing its strategy to streamline operations, strengthen finances, and support cost reductions targeting $6.5–$7.5 billion by 2027.
In 2025, 47.3 per cent of the electricity generated in the European Union (EU) came from renewable energy sources. This represents a slight increase from 2024, when the share was 47.2 per cent.
TotalEnergies and Holcim, a leading player in sustainable construction, inaugurated in Belgium a floating solar power plant with a capacity of 31 MW, located in Obourg on a former chalk quarry site that has been rehabilitated into a lake.
Aramco, the world's top oil exporter, has cut crude supply to Asian buyers for a second month in April, two sources with knowledge of the matter said, after the US-Israeli war with Iran disrupted trade via the Strait of Hormuz.
Egypt will repay $1.3 billion in arrears to international oil companies by June, accelerating its schedule. The country owed about $6.1 billion by mid-2024 due to foreign currency shortages affecting payments, investment, and gas production.
UMOE Advanced Composites has started production at its new Jiaxing facility, its largest site, producing gas storage modules and MEGCs for hydrogen transport, including supplying the Hiringa Sundown Joint Venture’s GEGHA project in Australia.
Japan will begin releasing oil from state reserves on March 26, 2026, Prime Minister Sanae Takaichi said, following a similar move last week, aiming to ensure adequate nationwide petroleum supply and stabilize energy availability.
