TotalEnergies SE has signed a supply deal with Quatra. The European specialist in the collection and recycling of used cooking oil will supply TotalEnergies’ biorefineries with 60,000 tons of European used cooking oil per year over the next 15 years. TotalEnergies said in a media release that this deal secures feedstock for biodiesel and sustainable aviation fuel (SAF) production. “I am delighted with this strategic agreement with Quatra that contributes to our aim to secure the feedstock we need to produce biofuels in our biorefineries. The development of biofuels is one of our company’s strategic goals. By directly reducing the carbon intensity of the energy products used by our customers, we are actively working with them as part of our net zero approach, together with society”, Valérie Goff, Senior Vice President for Renewable Fuels & Chemicals at TotalEnergies, said. Under the agreement, Quatra will collect used cooking oil from restaurants across France and Europe. It will be filtered at Quatra sites and sent to TotalEnergies’ biorefineries for road biofuels and SAF production. TotalEnergies has converted its La Mede and Grandpuits refineries into biorefineries. TotalEnergies launched the La Mede biorefinery in 2019. The facility with an annual production capacity of 500,000 tons of biofuel is the only HVO biodiesel production facility in France, according to the company. Grandpuits is being converted into a zero-crude complex and includes a 230,000 tons-a-year SAF biorefinery. Commissioning is planned for 2026. TotalEnergies said it has partnered with SARIA, the European leader in the collection and reuse of organic waste in the form of sustainable products, which will supply most of the site’s feedstock. “At Quatra, we believe in long-term partnerships with leading industrial groups that combine logistics, environmental responsibility, and financial viability. The deal between Quatra France and TotalEnergies is an excellent example of that. By

The unprecedented US airstrikes on Iran have set traders and governments worldwide on edge, as the Islamic Republic warns of retaliation and Israel shows no sign of letting up in its assault. President Donald Trump’s decision to deploy bunker-busting bombs, Washington’s first direct military action against Iran after decades of hostility, has pushed the Middle East into uncharted territory and raised geopolitical risk in a world economy already facing severe uncertainty over his trade war.  Oil rose almost 6 percent when markets opened Monday morning in Asia, with analysts warning $100 a barrel is in sight depending on Iran’s further response to the conflict, which began June 13 with a surprise attack by Israel. The US dollar pushed higher, stock futures fell and Bitcoin slid below $100,000 for the first time since early May.  The extensive US operation – which targeted nuclear sites at Fordow, Natanz, and Isfahan — included 125 aircraft, strikes by Tomahawk missiles launched from a submarine and the use of 14 Massive Ordnance Penetrator bombs, the first time such bunker busters were used in combat. At the United Nations on Sunday, Iranian Ambassador Amir Saeid Iravani told an emergency Security Council meeting that the “timing nature and scale” of Tehran’s response “will be decided by its armed forces.”  Foreign Minister Abbas Araghchi earlier said the country reserves all options to respond. The Islamic Revolutionary Guard Corps, which answers to the Iran’s supreme leader, signaled US military bases in the region could be targeted. Trump has vowed to meet any retaliation with force “far greater” than the US strikes on the nuclear sites. He also floated the possibility of regime change in Iran, although US and Israeli officials Sunday stressed that isn’t their aim.  Police in New York, Washington and Los Angeles increased patrols at religious institutions, diplomatic facilities

Petroliam Nasional Berhad (Petronas) has formed a strategic partnership with Beicip-Franlab, a leading geoscience and reservoir technology company, and AFED Digital, a specialist in advanced AI and digital solutions. Also, through Malaysia Petroleum Management (MPM), it formalized MOUs with Amazon Web Services, SLB, Halliburton, Microsoft, Accenture, Iraya Energies, Rystad Energy Advisory Asia Pacific, and S&P Global Commodity Insights, Petronas said in a media release. Petronas said its partnership with Beicip-Franlab and AFED Digital includes a Joint Development Agreement (JDA) with TriCripta AI, a venture aimed at accelerating hydrocarbon discovery, reducing uncertainties, and maximizing recovery sustainably across Petronas Carigali’s operations. Petronas said the partnership will start by providing high-impact and practical AI solutions to tackle key challenges in exploration, development, and production. “This partnership reflects Petronas’ firm commitment to collaborate for a future-ready Upstream digital and technology ecosystem. By integrating advanced AI and data-driven solutions across the value chain, Petronas is reinforcing our position as a resilient and adaptive upstream player”, Mohd Jukris Abdul Wahab, Petronas Executive Vice President and Chief Executive Officer of Upstream, said. The MOUs meanwhile aim to speed up investor decision-making through technologies that harness agentic artificial intelligence and high-performance computing. “At Petronas, we believe that by embracing digital intelligence and strategic partnerships, we are enhancing Malaysia’s exploration and production competitiveness, creating an investment environment anchored on pace, data reliability, and transparency. We are elevating our web-based exploration and production data platform, Petronas myPROdata to support future Malaysia Bid Rounds”, Bacho Pilong, Senior Vice President of MPM, said. “These partnerships are also about reshaping the way we work, unlocking new value through technology, enabling better investment decisions, and strengthening Malaysia’s appeal to global energy players”, Bacho Pilong added. To contact the author, email [email protected] What do you think? We’d love to hear from you, join the conversation

Norwegian energy major Equinor ASA has begun producing electricity at its 65-megawatt (MW) Ingerslev A solar plant in Jutland, Denmark. The facility is operated by BeGreen, a wholly owned subsidiary. “This is another step in our ambition to establish a profitable onshore renewables business in select markets across Europe and the Americas. Currently, we have around 1.2 GW of onshore capacity in production and under construction”, Anders Bade, senior vice president for onshore and markets in renewables at Equinor, said in a media release. Ingerslev A is BeGreen’s first project to enter production since Equinor acquired the company in 2023. The launch of Ingerslev A means all four Equinor subsidiaries focusing on onshore renewables and battery storage now have operational assets, Equinor said. “Our ownership of local companies provides a strong foundation for value creation by leveraging their on-the-ground expertise and maximizing synergies with our trading house, Danske Commodities”, Bade said. Denmark-based Danske Commodities will sell the power generated from the Ingerslev A site on the open market in western Denmark, through the DK1 power market. The estimated annual production is 68 GWh. The construction of Ingerslev A was completed within a year, demonstrating the swift project cycles characteristic of onshore renewables. The facility boasts over 100,000 solar panels and six on-site transformer stations, Equinor said. The park has 107,562 bifacial solar modules and a single substation. These panels are designed to utilize sunlight from both sides – the direct sunlight on the front and the reflected light from the ground on the back. To maximize energy production even further, the panels are angled southwards and placed at an ideal tilt to capture the maximum amount of light throughout the year. To contact the author, email [email protected] WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect

The European Union shelved a plan for a stricter price cap on Russian oil exports over concerns that the US won’t back tougher sanctions due to rising crude prices. The EU has proposed lowering the cap to $45 per barrel from the current $60, but oil’s surge following Israel’s attack on Iran has complicated efforts to find unanimity among the bloc’s 27 members. Several EU states argue that a lower oil-price cap can only work if the US supports the measure, according to officials familiar with the discussions, who asked not to be identified. It has become clear following this week’s Group of Seven summit that the US isn’t willing to back tougher Russia sanctions, they added. President Donald Trump told reporters at the meeting in Alberta, Canada, that sanctions “cost us a lot of money.” The EU package – the bloc’s 18th since Russia invaded Ukraine – is still expected to include a ban on the Nord Stream gas pipelines linking Germany and Russia, as well as an extension of SWIFT sanctions against additional banks. EU foreign ministers will discuss the measures in Brussels on Monday. European Commission President Ursula von der Leyen this week appeared to draw back from the EU’s proposal to lower the price cap on Russian oil, which is designed to limit Russian President Vladimir Putin’s ability to fund his war on Ukraine. “In the last days, we have seen the price has risen so the oil price cap does serve its function,” von der Leyen said on the sidelines of the G-7, where the proposal was discussed. “At the moment, there’s little pressure on lowering the oil price cap.” WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review.

Oil fell after President Donald Trump signaled a decision on whether to strike Iran will be made within two weeks, easing concerns about an imminent attack from the US. Global benchmark Brent slid about 2.3% to settle as just above $77 a barrel after the White House comments on Thursday and a Reuters report that Tehran is ready to discuss limitations on uranium enrichment. Trading volumes for West Texas Intermediate were muted because of the US holiday and a contract expiration on Friday. The US benchmark for August delivery settled just below $74 a barrel. Iranian Foreign Minister Abbas Araghchi met with counterparts from the UK, France and Germany on Friday in Geneva. Araghchi said Iran is ready to hold another meeting with the Europeans in the near future, the state-run IRNA news agency reported. But, he warned, “As long as the attacks continue, we will not negotiate with any party.” “We are keen to continue ongoing discussions and negotiations with Iran, and we urge Iran to continue their talks with the US,” UK Foreign Secretary David Lammy told reporters after the meeting. “This is a perilous moment, and it’s hugely important that we don’t see regional escalation of this conflict.” Trump’s decision on Iran will take some time due to the “substantial chance of negotiations,” he said in a message through White House spokeswoman Karoline Leavitt. The UK, meanwhile, is withdrawing embassy staff from the Middle Eastern nation, AFP reported. The oil market has had a turbulent week, with futures swinging in a range of around $8, volatility spiking to the highest since 2022, key premiums significantly widening and options at one stage more bullish than after Russia’s invasion of Ukraine. Still, both Brent and WTI notched their third straight weekly gains. Brent crude closed almost 3% higher on