French energy giant; integrated oil, gas, and power producer with global reach
Ofgem has proposed refundable upfront deposits between £237,500 and £712,500 per megawatt for projects seeking grid connections, to stop speculative data‑centre schemes clogging the queue. The regulator has opened a consultation to force applicants to hit hard milestones or lose their place as Britain faces connection requests vastly above peak demand.
A global humanitarian picture shows funding shortfalls and ongoing emergencies across Mozambique and Somalia. OCHA and NGO reports highlight displacement, disease, food insecurity and the need for sustained aid amidst conflict and climate shocks. New funding gaps risk undermining relief efforts and recovery.
The United States has has backed plans to rehabilitate the Iraq–Syria crude oil pipeline as a priority infrastructure project linking Iraqi production with Mediterranean export markets. Deals with US firms aim to create alternative routes to the Strait of Hormuz, with initial capacity of about 2 million barrels per day once completed.
Adura’s Jackdaw and Rosebank projects are pitched as national-scale investments that could sustain thousands of jobs and hundreds of billions in economic activity, while drawing sharp climate concerns from campaigners who warn the plans do little for energy security and risk prolonging fossil fuel reliance.
The UAE, through ADNOC and its partners, has announced a $6.2 billion investment to develop the Umm Shaif Gas Cap offshore field, aiming to produce about 10% of the UAE’s current gas consumption by 2030. The project, supported by TotalEnergies, Eni and CNPC, is positioned to strengthen domestic energy security and grow the UAE’s LNG platform amid regional tensions in energy markets.
Tadej Pogacar has conquered Alpe d’Huez in a record time, reshaping the Tour de France’s mountain standings while breakaway riders pursue stage glory. The race remains intensely competitive as cyclists battle the Cols Bayard and Noyer.
Oil majors have reported bumper profits for Q2 as volatility from Iran-related tensions sustains high crude prices. Executives say they are boosting reliability and refining where needed while returning cash to shareholders. Trump has criticized profits and urged lower prices at the pump.
Oil majors have posted strong quarterly profits amid continued volatility from the Iran-U.S. conflict and the Hormuz Strait. Aramco and European peers report multi-billion results, while policymakers and markets watch for potential windfall taxes and supply routes.
RWE has relinquished its offshore wind leases in the US after a settlement with the Trump administration. The company will reinvest about $1.2 billion into a Louisiana LNG terminal and 15 natural gas peaker plants, while winding down projects on New York, California and Louisiana coasts. The move follows a pattern of government buybacks of offshore wind leases.
Sen. Bill Cassidy has announced he will vote to confirm Todd Blanche as attorney general, giving Trump’s nominee a crucial edge as several Republicans oppose him. With Collins and Murkowski opposed and McConnell absent, Cassidy’s stance could push Blanche over the line, though resistance remains among a faction of GOP senators.
Bob Iger and Josh Kushner have agreed to buy the Los Angeles Lakers from Mark Walter in a transaction valuing the franchise at about $12.5 billion. The sale has been announced this week, requires approval from the NBA Board of Governors and is subject to due diligence and Kushners divestment of a Miami Heat stake.
Arctic LNG 2 remains central as TotalEnergies transfers its stake to a Novatek subsidiary, retaining loan reimbursement rights amid sanctions. Reports show a volatile Black Sea and Arctic shipping landscape with international Russo-European energy links under scrutiny.
OPEC+ has kept October output targets unchanged while it reviews capacity and sets 2027 baselines, amid Iran disruption and discussions on unwinding current cuts. The group plans to pause further increases in Q4 as it evaluates members' capacity and future quotas.
Iraq and France are pushing for diversified export routes to secure energy supplies as the Middle East crisis worsens. Iraqi PM Ali al-Zaidi has met European leaders in Paris and Berlin to discuss expanding export corridors, with TotalEnergies signaling greater investment and a roadmap for defence and energy collaboration.
Libya’s oil infrastructure remains disrupted as the Sharara to Zawiya pipeline stays shut or is threatened by protests. The National Oil Corporation warns that continued shutdowns are reducing Sharara output, threatening state revenues and domestic fuel supplies amid ongoing instability.
Qatar has pledged ongoing support for Lebanon’s army and outlined a plan with TotalEnergies to develop a solar power plant, funded and implemented by Qatar without cost to Lebanon. The move accompanies talks on southern Lebanon’s security and reconstruction, amid Israel-Hezbollah tensions and displacement from the region’s ongoing conflict.