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Japan, South Korea, and the United States have formed a nuclear energy alliance to expand reactor development and deployment across Northeast Asia, shifting geopolitical dynamics in the region.
The ongoing Iran conflict is forcing oil exporters and importers to rapidly diversify trade routes and suppliers, potentially reshaping global energy markets and driving prices higher across the world.
Oman, a major oil and gas producer, is expanding renewable energy capacity through new national policies and private investment to achieve net-zero emissions by mid-century while maintaining fossil fuel output.
Colombia’s new right-wing administration is moving to reverse a four-year fracking ban and attract up to $4 billion in foreign oil and gas investment, though regulatory and security challenges remain.
Shell’s quarterly profit nearly doubled to $9.8bn in the second quarter, driven by elevated oil and gas prices following Middle East geopolitical disruptions.
BP has launched a formal process to sell its North Sea oil and gas business, ending six decades of operations in the basin as the company seeks to simplify its portfolio and reduce debt levels.
