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Baker Hughes and TPAO agreed to assess enhanced geothermal systems in Türkiye. A nationwide resource study will guide site selection and well design, potentially opening new areas for around-the-clock power generation.
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Lower tanker rates are making Brazilian and West African crude more competitive in Asia. Shipping costs on some routes to China have fallen $5–$10 per barrel from October, encouraging refiners to diversify supplies.
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TGS secured a roughly 120-day ocean bottom node seismic contract offshore Namibia. Scheduled to begin in Q4 2026, the survey will provide subsurface data to support field development and drilling decisions.
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Jensen Huang has resigned as Nvidia CEO. CFO Colette Kress will serve as interim CEO while the board searches for a permanent successor, putting leadership continuity at the forefront for the AI chipmaker.
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Türkiye and AtkinsRéalis agreed to study a potential 4.5 GW nuclear plant with six units. Feasibility and engineering work would inform a future investment decision. Construction has not been approved.
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Oil prices edged lower as higher OPEC+ output pressured markets. Brent traded at $92.39 and WTI at $86.16 at 09:46 GMT, while shipping risks in the Strait of Hormuz limited losses. Traders await U.S. inventory data.
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KazMunayGas and KBR are advancing design work for Kazakhstan’s first sustainable aviation fuel plant. The planned facility in Rudny would convert bioethanol into an estimated 57,000 metric tons of jet fuel annually using PureSAF technology.
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SSEN Transmission has begun main construction at Lewis Hub in Scotland. Part of a planned 1.8 GW HVDC link, the project will connect the Outer Hebrides to Great Britain’s transmission grid and unlock more island renewable generation.
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Arena Energy secured a $480 million DOE loan to modernize 22 offshore platforms and rehabilitate pipelines off Louisiana. The Elkhorn Project could add up to 38,600 barrels of oil per day and 77 million cubic feet of natural gas per day.
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Brent crude rebounded as fresh attacks on ships near the Strait of Hormuz renewed supply concerns. A reported 9 million-barrel build in U.S. crude inventories could limit gains, keeping oil markets caught between shipping risks and rising stocks.
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Saudi Arabia and Türkiye agreed to develop 3 GW of wind power in Türkiye, equivalent to about 20% of its current wind capacity. The projects form part of a 5 GW renewable energy program led by ACWA Power.
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Nvidia is reviewing reports that CEO Jensen Huang may have been targeted by a foreign intelligence operation, adding scrutiny amid U.S.-China chip tensions. The company says it has no indication its trade secrets were compromised.
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Energy security could accelerate electrification and cut emissions, Wood Mackenzie says. Reducing reliance on imported oil and LNG could drive investment in domestic renewables, nuclear power and grids.
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Russian attacks damaged energy infrastructure across eight Ukrainian regions, Ukrenergo reports. Power outages disrupted essential services as repair crews worked to restore supply where safe access allowed.
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ExxonMobil is weighing a return to Venezuela after signing a nonbinding agreement with PDVSA. New oil investments hinge on legal certainty, investment protections and profitability.
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Today, Inspenet turns 5.
Five years connecting knowledge, people, and industry.
To every professional, expert, company, and partner in our community: thank you.
We're just getting started.
inspenet.com/en/news/
#Inspenet5Years #Inspenet
U.S. political shifts could complicate Gulf AI projects.
For U.S. chip suppliers, export rules may shape delivery timelines.
Which bottleneck comes first: chips or power?
#AIInfrastructure
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SSE secured a marine licence for Berwick Bank C’s export cables, completing grid connection approvals. Up to 4 HVDC cables will provide up to 1.8 GW of transmission capacity. #OffshoreWind
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South Korea will release a $10B advance for a U.S. nuclear project only after a full commercial feasibility review, its finance minister told lawmakers, per Reuters.
The project is not named and the plan is preliminary. Next step: the review.
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Jumbo Offshore installed 2 CALM buoys and 2 PLEMs at Argentina’s Vaca Muerta Oil Sur terminal. Start-up is pending, with initial capacity up to 550,000 bpd. #VacaMuerta
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