Thursday, 5 November 2026

Goldwind and Vietnam's GG Power have signed a strategic cooperation agreement to jointly develop nearly 2 GWh of front-of-meter battery energy storage projects in Vietnam, ESS News reported.

The deal covers production line upgrades, new technology licensing, technical training, and supply of battery storage equipment. Both companies have identified about 3.3 GWh of potential product demand over the next three years to steer their manufacturing and supply chain planning.

Their earlier partnership had Goldwind supplying Battery Energy Storage System (BESS) manufacturing technology and an automated production line designed for 5 GWh of annual capacity.

Ukraine resumed attacks on Russian oil refineries over the weekend, threatening a fragile recovery in fuel supplies after months of strikes helped trigger Russia's worst gasoline shortages in decades, according to The Daily News Online.

Drones attacked the Yaroslavl Oil Refinery, one of Russia's five largest, overnight on November 3, according to RBC-Ukraine. Local residents reported at least three separate fires on the facility's premises.

Kyiv's forces also struck Ufa, home to three Rosneft PJSC refineries with combined processing capacity of about 470,000 barrels a day, as well as an industrial site in the Volga region where Lukoil PJSC's Norsi refinery is located, The Daily News Online reported.

Murphy Oil Corp. signed two production sharing contracts for the C-10 and Tiof blocks offshore Mauritania, according to World Oil. The blocks together cover about 3.1 million acres, or 12,500 square kilometers.

Murphy, through its subsidiaries, will operate both blocks with a 90% working interest. Société Mauritanienne des Hydrocarbures (SMH), Mauritania's national oil company, holds the remaining 10% as a carried interest, World Oil reported.

Talos Energy expects first oil from the Beacon-operated Monument Wilcox development in the first quarter of 2027, according to World Oil. Gross output from the project is expected to reach 20,000 to 30,000 boed.

Separately, Talos reported that its Daenerys appraisal well reached target depth and met its objectives, according to World Oil. The company expects additional appraisal activity at Daenerys in 2027, including a sidetrack.

Matador Resources posted record oil production of 132,019 barrels per day in the third quarter, according to World Oil, while drilling and completion costs fell to USD 804 per completed lateral foot.

The company attributed the production beat mainly to outperformance from new wells turned to sales during the quarter. A 12-well batch in the Ranger Asset area that came online earlier than expected also contributed.

Georgia voters handed Democrats control of the state's Public Service Commission (PSC) for the first time in 30 years, ending a long Republican hold on the energy regulator, according to Inside Climate News.

Democrat Peter Hubbard was reelected after winning a seat in a special election last year, while Sheila Edwards, a community activist and business owner, won a new seat on the commission, Inside Climate News reported.

The PSC regulates public utilities in the state, including Georgia Power, its largest energy utility.

Exploration and development activity on the Dussafu license offshore Gabon is continuing despite disruption caused by the sinking of the jackup Prospector 5, according to Offshore Magazine.

Work on the Bourdon field development within the same license remains on schedule, with first oil targeted for Q1 2028, the publication reported. The initial program comprises three production wells from a wellhead platform.

General Motors recalled more than 67,000 Cadillac and Chevrolet electric vehicles after identifying a software glitch that can cause a temporary loss of braking, according to Electrek.

The defect affects performance all-wheel-drive (pAWD) versions of certain Cadillac Lyriq, Celestiq, and Vistiq models as well as the Chevrolet Blazer EV, Electrek reported.

GM plans to correct the brake system control module software through a free over-the-air update or dealer service.

ADNOC has entered a multi-year AI partnership with OpenAI and G42, Offshore Magazine reported.

The first planned use case targets field master planning, which currently runs as separate subsurface, facilities, and economic studies. OpenAI reasoning models paired with ENERGYai reservoir-level intelligence will pull together data spanning thousands of wells, stacked reservoirs, and hundreds of surface facilities, folding in capital and commercial factors to produce a unified planning output.

A second application aims to link operational data across ADNOC's production, processing, refining, logistics, sales, and trading segments so the company can assess the worth of barrels still in the ground.

The three partners will also build a decision-support system running OpenAI's frontier models against ADNOC's proprietary industrial data, hosted on G42's sovereign AI infrastructure in the UAE, according to Offshore Magazine.

Corpus Christi voters approved a charter amendment imposing tiered water charges on industrial users by a two-to-one margin, according to Inside Climate News.

The measure introduces escalating price increases tied to reservoir levels: USD 3 when reservoirs fall below 30% full, USD 6 below 20%, and USD 12 during a declared water emergency.

The amendment includes a five-year grace period before taking effect, during which Corpus Christi City Manager Peter Zanoni expects legal challenges from industry groups, according to Inside Climate News. Industry groups had spent heavily to oppose the ballot measure.

Brazil's antitrust agency CADE approved the merger of Saipem and Subsea7, Saipem said, according to Offshore Engineer OEDigital. The two oilfield services companies committed to divest the Seven Borealis, a pipelay and heavy-lift vessel, to address competition concerns raised by Brazil during its review.

The deal still faces scrutiny from other antitrust authorities, including the European Commission, according to Offshore Engineer OEDigital.

Shell plc agreed to sell its 16.67% interest in the North West Shelf project in Western Australia to subsidiaries of XRG P.J.S.C., according to Offshore Magazine.

The base consideration is USD 1.45 billion, with an additional milestone-linked contingent payment on top, Offshore Magazine reported. Under the transaction terms, the XRG subsidiaries will assume decommissioning obligations tied to the asset.

The deal is expected to close in 2027, subject to regulatory approvals.

Battery-electric cars captured a record 37% share of Germany's new car market in October, according to data from the Kraftfahrt-Bundesamt (KBA), Germany's federal motor vehicle authority, as reported by Electrek.

German buyers registered more fully electric cars than gasoline and diesel cars combined for the second consecutive month, Electrek reported.

Global oil supply outpaced demand by 1.1 million b/d in September, according to JPMorgan estimates reported by Oil & Gas Journal. The bank attributed the shift to a recovery in Middle Eastern exports alongside softer demand.

JPMorgan projected the oversupply grew to 1.4 million b/d in October.

The assessment contrasts with the IEA's Oil Market Report, which put September at a supply deficit of about 790,000 b/d, a gap of nearly 1.9 million b/d between the two readings, Oil & Gas Journal reported.

Since the conflict began in late February, global oil demand has fallen by an estimated 3.3 million b/d, driven by elevated fuel prices and supply disruptions, according to JPMorgan's figures cited by Oil & Gas Journal.

BP Pulse has opened what it describes as Australia's largest EV charging hub, located at Melbourne Airport, according to electrive.

The facility has 24 charging bays equipped with 150 kW and 300 kW chargers, including bays designed for trucks. Truck-friendly drive-through bays, restrooms, and free Wi-Fi are available, and the hub operates around the clock.

Renewable electricity from Melbourne Airport's two on-site solar farms powers the entire site, electrive reported.

Rune Energy recently closed a USD 40 million seed funding round to build modular, plug-in data centers designed for deployment at solar farms, according to pv magazine.

The company is retrofitting solar farms with plug-in, modular data center systems manufactured at its California factory, pv magazine reported. The approach co-locates computing load directly with solar generation, targeting challenges facing data center developers, policymakers, and grid operators.

The Illinois Environmental Protection Agency (Illinois EPA) launched its Clean Trucks Program with two major initiatives aimed at helping fleet operators in the state replace older diesel trucks with electric alternatives, electrive reported.

The program will provide $3 million for a new Clean Fleet and Freight Concierge Service alongside $935,000 from the Diesel Emissions Reduction Act (DERA), according to electrive.

A Notice of Funding Opportunity has been posted, specifying $935,220 in funding to support Illinois fleet operators covering up to 45% of costs associated with replacing diesel-powered class 5-8 trucks with fully electric options, electrive reported.

Climate finance must reach African countries on terms they can actually use, according to an opinion published by Climate Home News. The piece contends that what matters is not where negotiations take place or what is pledged, but whether funds arrive in a form that enables implementation.

Developing countries will need an estimated USD 305 billion annually for adaptation alone by 2035, the article states, citing the latest UN Adaptation Gap Report.

The authors call for direct access to climate finance so that resources reach the institutions and communities that must deploy them. They also demand mechanisms to track whether commitments are met.

Electric bus manufacturer Ebusco has secured EUR 12 million in new capital from a combination of strategic and existing investors, according to electrive.

Rhein Holding and Green Innovation International, described as strategic investors, will provide EUR 8 million. Existing shareholders De Engh, CVI Investments (Heights), and Peter Bijvelds Holding will contribute an additional EUR 4 million, electrive reported.

The capital measure still requires approval by Ebusco's general meeting.

India's non-fossil power capacity climbed from 200 GW in September 2024 to more than 310 GW, fueled by USD 67 billion in renewable energy funding over the past two years, according to GPL Medicine.

More than half of India's total power capacity now comes from non-fossil sources, the report stated, with the country targeting 500 GW of renewable capacity.

Prime Minister Narendra Modi argued that India's economic resilience depends on achieving energy independence through renewable sources rather than relying on finite fossil fuels, according to GPL Medicine.

The 16th National Assembly discussed proposed amendments to the Electricity Law at a plenary sitting on November 3, Nhan Dan reported.

The draft changes target bottlenecks in power planning, investment, investor selection, electricity pricing and the power market, according to Nhan Dan. They also write new Party and State energy-security policies into the legal framework.

Nhan Dan reported the revisions aim to remove institutional barriers to building power generation and transmission infrastructure, while supporting secure electricity supplies and reasonable, transparent power prices.

The bill would also decentralise management, simplify administrative procedures and align the Electricity Law with the broader legal system.

Energy and climate non-profit 350 Africa has launched an Electricity for All campaign ahead of municipal elections, calling for qualifying households to receive 350 kWh of free basic electricity, according to GroundUp.

Research cited by the Presidential Climate Commission, conducted by PARI, describes 350 kWh per month as a "developmental level of electricity" for a household, sufficient for daily cooking, heating water, and possibly some small-scale home-based economic activity.

Uptake of Free Basic Electricity (FBE) remains low. Only about two million of the ten million households who qualify actually receive it, GroundUp reported.

Kosmos Energy Ltd. reduced net debt by more than USD 500 million during the first nine months of 2026, according to Business News Today, driven by higher production, lower operating costs, and sustained free cash flow generation.

The company reported approximately USD 90 million in third-quarter free cash flow. That result extended its streak to three consecutive quarters of positive free cash flow.

CATL expects to ship at least 1 GWh of sodium-ion batteries in China this year, according to remarks by Zhou, the company's general manager for the region, reported by Energy Storage News.

The company's TENER Sodium battery energy storage system operates at temperatures up to 55 degrees Celsius and delivers more than 10,000 cycles at 45 degrees Celsius, CATL said, according to Energy Storage News. The specifications position the sodium-ion chemistry for deployment in hot climates where lithium-ion alternatives face thermal constraints.

Energy Storage News reported interest in sodium-ion technology from mining and data centre sectors.

Solar and wind generated 25% of Poland's electricity by 2025, up from 11% in 2021, according to Our World in Data. The rapid growth has not dislodged coal, which still produces 50% of the country's power, leaving Poland with one of the most coal-intensive electricity mixes in Europe.

Separately, White Sands Missile Range in New Mexico launched a 700 kW solar array in February 2025, designed and built by the joint venture HSGS-Ameresco, according to CleanTechnica.

ABM described plans for an additional microgrid at White Sands on November 3, comprising carport-mounted solar, battery storage, and dispatchable on-site generators, CleanTechnica reported.

The Stakeholder Democracy Network (SDN) has transferred the Nigerian Oil and Gas Industry Emission Tracker (NOGIET) to Nigeria's petroleum regulator, Galaxy TV Online and Real News Magazine reported.

The tool integrates satellite imagery, facility-level data and verified emissions records to support oversight of Nigeria's oil and gas sector. Regulators can cross-reference satellite-detected methane plumes against operator-reported measurements, helping to flag mismatches and attribute emissions to individual facilities or pipeline routes.

SDN built both the front-end and back-end of the platform and handed them to the regulator at no cost, according to Samiama, as cited by Galaxy TV Online and Real News Magazine.