Australian energy producer Santos has finalized a long-term agreement with the South Australian government to supply natural gas for the next decade, reinforcing the state's energy security and supporting future industrial development. The agreement will provide 200 petajoules of gas from 2030 to 2040 through the Strategic Gas Reserve, while also unlocking new investment in gas infrastructure, creating regional employment opportunities and supporting major industrial projects. The deal reflects Australia's continued focus on securing reliable domestic energy supplies while balancing future economic growth and long-term energy resilience.
Middle East producers are continuing oil and LNG exports despite renewed attacks and instability in the Strait of Hormuz. Although the U.S. and Iran have agreed to pause hostilities and resume talks, shipping activity and exports from key Gulf suppliers remain strong. Rising supply has helped push oil prices lower, though market risks remain if tensions flare up again.
Oil prices were steady after the United States and Iran agreed to halt recent hostilities in the Gulf, easing immediate supply concerns. Markets also reacted to continued oil and LNG exports from Middle East producers despite ongoing security risks in key shipping routes.
igeria has emerged as one of the world's newest solar manufacturing exporters after breaking into the list of the top 10 countries supplying solar panels to the United States. The milestone marks a significant shift for Africa's largest economy, which has traditionally relied on imported renewable energy equipment but is now building a competitive manufacturing base capable of serving international markets. The achievement comes as global solar supply chains undergo major changes driven by new U.S. trade policies, creating fresh opportunities for emerging manufacturing hubs and strengthening Nigeria's position in the global clean energy industry.
Norway's energy company Equinor has announced that it will end its offshore wind business in Japan and close its Tokyo office by the end of 2026.
BP has signed a concession agreement with ADNOC and its partners to participate in the development of the Bab Gas Cap project in the United Arab Emirates.