Subsea7 posted higher operating profit and a record order backlog, supported by long-term contracts in the Subsea and Renewables segments.
The Janus programme will deploy micro nuclear power plants across nine military bases to reinforce energy autonomy for critical U.S. Army installations.

Battery storage market projected to reach $99.67bn by 2033

The global battery energy storage systems market anticipates 28.8% annual growth through 2033, supported by industrial electrification, government incentives and grid modernisation efforts.
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A study from the Oxford Institute for Energy Studies finds that energy-from-waste with carbon capture delivers nearly twice the climate benefit of converting waste into aviation fuel.
Sonatrach has concluded a new partnership with TotalEnergies, including a liquefied natural gas supply contract through 2025, amid a strategic shift in energy flows towards Europe.

Adnoc strengthens ties with China through new energy deals in Shanghai

Adnoc signed multiple agreements with Chinese groups during CIIE, expanding commercial exchange and industrial cooperation with Beijing in oil, gas and petrochemical materials.
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Global floating solar capacity exceeded 1.8 GW in 2024, driven by utility-scale projects in China, India, Japan and Europe, with sustained growth expected through 2032.
The Idaho National Laboratory has started irradiation testing on uranium-zirconium fuel samples from Lightbridge in its experimental reactor, marking a key step toward the industrial validation of advanced nuclear fuel.

NexGen begins final federal hearings for the Rook I nuclear project

NexGen Energy has opened Canadian Nuclear Safety Commission hearings for the final approval of its Rook I uranium project, following more than six years of regulatory process.
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Cenovus Energy completed a $2.6bn cross-border bond issuance and plans to repurchase over $1.7bn in maturing notes as part of active debt management.
Group1 and Michigan Potash & Salt Company have signed an agreement to create a domestic potassium-based battery supply chain, relying on local mining and production free from critical metals.

Exxon Mobil takes 40% stake in Bahia pipeline project

Exxon Mobil will acquire a 40% stake in the Bahia pipeline and co-finance its expansion to transport up to 1 million barrels per day of natural gas liquids from the Permian Basin.
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Cypress Creek Renewables begins construction of the Hanson Solar project in Texas, backed by structured financing combining debt and equity, to support the ERCOT grid and supply Meta’s operations.
Alaska is set to record its highest oil production increase in 40 years, driven by two key projects that extend the operational life of the TAPS pipeline and reinforce the United States' strategic presence in the Arctic.

TotalEnergies strengthens position in Nigeria with 90% stake in OPL257

TotalEnergies increases its stake to 90% in Nigeria’s offshore block OPL257 following an asset exchange deal with Conoil Producing Limited.
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Oklo has signed a binding agreement with Siemens Energy to accelerate manufacturing of the energy conversion system for its first advanced nuclear power plant in the United States.
Avangrid has obtained the final regulatory approval for the NECEC project, a 1,200-megawatt cross-border transmission line connecting Québec hydropower to New England.

New setback for TEPCO at Kashiwazaki-Kariwa 48h before crucial political green light

A security document handling incident at the nuclear power plant renews concerns about TEPCO as a key decision on restarting reactors 6 and 7 approaches in Niigata.
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The German group is concentrating its industrial investments on Grid Technologies to expand capacity in a strained market, while maintaining an ambitious shareholder return programme.
Facing massive overcapacity, US tariff pressures and rapid technological change, India's solar module sector is preparing for major industrial restructuring dominated by a few integrated groups.
Bangladesh temporarily blocks international arbitration with Adani Power pending the conclusions of an expert committee on the legality of the electricity supply contract signed with the Indian conglomerate.
Green Growth and K2 Holdings begin converting a solar park to an FIP scheme, including battery installation, to improve profitability in a region heavily affected by production curtailment.

Japan commissions first 4MWh grid battery in Shiga Prefecture

A battery storage project developed in Shiga Prefecture marks a new step for the Japanese industry, with the official commissioning of a 4MWh facility aimed at the primary balancing market.
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Nine battery storage projects totalling 18MW will be built by au Renewable Energy across the Chubu, Kansai and Kyushu regions, with commissioning scheduled through March 2027.
Arevon Energy has initiated construction of its first utility-scale solar project in Illinois, with a 124-megawatt capacity and $200mn in private investment to support U.S. energy demand.

Washington launches new sale of 80 million offshore oil acres

US authorities will hold a large offshore oil block sale in the Gulf of America in March, covering nearly 80 million acres under favourable fiscal terms.
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German group Nordex will supply three turbines to developer BMR for a 21 MW project in North Rhine-Westphalia, bringing BMR's total orders to nearly 110 MW in 2025.
The number of active drilling rigs in the continental United States continues to decline while oil and natural gas production reaches historic levels, driven by operational efficiency gains.

ACEnergy secures approval for 500 MW battery project in Bouldercombe

ACEnergy’s Central BESS project has been approved with a $3.6mn benefit-sharing plan for local and Indigenous communities.
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Sonatrach awarded Chinese company Sinopec a contract to build a new hydrotreatment unit in Arzew, aimed at significantly increasing the country's gasoline production.
Gathered in Belém, states from Africa, Asia, Latin America and Europe support the adoption of a timeline for the gradual withdrawal from fossil fuels, despite expected resistance from several producer countries.

CGN activates Zhaoyuan to bypass US restrictions and secure its Hualong One reactors

The launch of the Zhaoyuan nuclear project anchors the Hualong One model inland, illustrating Beijing’s strategy of regulatory normalisation in response to Western technological restrictions.
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TRISO-X has started above-ground works on the first U.S. facility dedicated to manufacturing fuel for small modular reactors, marking a key industrial milestone in the deployment of the Xe-100.
The first Russian test rig for the experimental ITER reactor has been delivered to the site in France, marking a major milestone in the international collaboration on nuclear fusion.

Allseas’ nuclear concept could inject EUR130bn into Dutch economy by 2050

A strategic report reveals the industrial and energy potential of Allseas’ offshore small modular reactor, which could create up to 40,000 jobs and reduce investment in the power grid.
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The American major could take over part of Lukoil’s non-Russian portfolio, under strict oversight from the U.S. administration, following the collapse of a deal with Swiss trader Gunvor.
The E3 and the United States submit a resolution to the IAEA to formalise Iran's non-cooperation following the June strikes, consolidating the legal basis for tougher energy and financial sanctions.

Lukoil shuts down 430 petrol stations in Finland under US sanctions pressure

Finnish fuel distributor Teboil, owned by Russian group Lukoil, will gradually cease operations as fuel stocks run out, following economic sanctions imposed by the United States.
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Shell sells a 50% stake in Tobermory West of Shetland to Ithaca Energy, while retaining operatorship, reinforcing a partnership already tested on Tornado, amid high fiscal pressure and regulatory uncertainty in the North Sea.
Russian company Novatek applied major discounts on its liquefied natural gas cargoes to attract Chinese buyers, reviving sales from the Arctic LNG 2 project under Western sanctions.

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