Algeria

Sonatrach restarts Skikda unit to boost LNG exports

The Algerian national company has restarted a key liquefaction unit in Skikda, strengthening its export capacity amid massive investment in the gas sector.

Engie and Apple sign 15-year PPA for 173 MW in Italy

Engie has signed a renewable electricity supply contract with Apple covering 173 MW of installed capacity in Italy, with commissioning scheduled between 2026 and 2027.

Qatar and the United States call on the European Union to ease sustainability rules

Doha and Washington warn Brussels about the consequences of EU sustainability requirements on liquefied natural gas exports, as the continent’s energy security remains under pressure.
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EDF appoints Intesa and Lazard to review future of Italian subsidiary Edison

EDF has selected Intesa Sanpaolo and Lazard to explore strategic options for Edison, its Italian subsidiary, as part of a broader asset review under its new chief executive officer.

Egypt and UAE join forces to connect electricity to Europe

The Egyptian government and UAE-based K&K have signed an agreement to finalise studies for an electricity interconnection project linking Egypt to Europe via Italy.

EDF considers targeted asset sales to boost financial flexibility

EDF confirms it is exploring capital openings and calls for strict investment prioritisation, facing €54.3bn ($57.5bn) in debt and massive funding needs by 2040.
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EDP deploys 10 MWc solar park in Italy combined with livestock activity

EDP has commissioned a solar power plant in Salerno integrating livestock farming, with a capacity of 10 MWc and an annual output of 17 GWh, marking the launch of a hybrid model to be replicated in France and Germany.

Brazil, India, Italy and Japan set regulatory target for sustainable fuels

Ahead of COP30, four major economies commit to regulating the increase in sustainable fuel production and consumption by 2035.

CWP Europe secures Brussels’ support for 1 GW energy projects in the Balkans

CWP Europe formalised two major projects in Albania and Montenegro with backing from the European Commission, reinforcing the Balkans’ integration into the European energy market.
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Midad Energy signs $5.4bn contract with Sonatrach in Algeria

Sonatrach and Midad Energy North Africa signed a production-sharing hydrocarbon contract in the Illizi South perimeter, involving a total investment estimated at $5.4bn for exploration and exploitation of the site.

EIB grants €200mn to Dolomiti Energia for wind projects and grid upgrades in Italy

Italian group Dolomiti Energia secures €200mn loan from the European Investment Bank to finance wind farms and modernise power infrastructure in two strategic regions of the country.

Eni invests in the industrial conversion of its petrochemical site in Priolo

Eni begins the transformation of its Priolo complex in Sicily with a 500,000-tonne biorefinery and a chemical plastic recycling plant, based on its proprietary Hoop® technology.
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Algeria signs two oil assessment agreements with Petrogas E&P

Alnaft has signed two study agreements with Omani firm Petrogas E&P on the Touggourt and Berkine basins, aiming to update hydrocarbon potential in key oil-producing areas.

Gauss Fusion unveils Europe’s first industrial design for a fusion power plant

Gauss Fusion has released a full-scale plan for GIGA, its first commercial fusion power plant, amid Germany’s growing ambition to lead the future energy race.

Ferrari unveils the Elettrica and lowers projected electric share for 2030

Ferrari unveiled the chassis of its first electric vehicle, the Elettrica, while announcing a revision of its electrification targets, favouring thermal and hybrid powertrains for the coming decade.
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Brussels moves forward with plan to eliminate Russian oil and gas imports by 2028

Ambassadors of European Union member states have approved the transmission of a legislative proposal to phase out Russian fossil fuel imports by January 2028 to the Council of Ministers.

Algeria commits $60 billion to strengthen its energy strategy by 2029

Algeria plans to allocate $60 billion to energy projects by 2029, primarily targeting upstream oil and gas, while developing petrochemicals, renewables and unconventional resources.

Eni resumes offshore drilling in Libya after five-year suspension

Eni North Africa restarts drilling operations on well C1-16/4 off the Libyan coast, suspended since 2020, aiming to complete exploration near the Bahr Es Salam gas field.
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European Union grants €12mn to STEG for Tunisia-Italy power interconnection

A €12mn technical grant will support STEG in supervising ELMED, the first submarine power cable between Tunisia and Italy, a strategic project co-developed with Italy’s TERNA and valued at €921mn.

Ukrainian suspected in Nord Stream sabotage faces possible extradition

Polish authorities have 40 days to decide on the extradition of a Ukrainian accused of participating in the 2022 sabotage of the Nord Stream pipelines in the Baltic Sea.

European Biomethane Reaches 7% of Natural Gas Demand in 2023

Biogas and biomethane production in the EU reached 22 billion cubic meters in 2023, representing 7% of total natural gas consumption. This growth, driven by massive investments, could revolutionize Europe's energy sector.

Algeria Banks on Hassi R’Mel to Maintain its Key Role in the Gas Market

Sonatrach is investing $2.3 billion to optimize the Hassi R'Mel gas field, aiming to sustain natural gas production and strengthen Algeria's energy position in Africa and Europe.

Green Hydrogen: Drastic Cost Reduction to $2.5/kg by 2030

The decline in green hydrogen production costs could transform heavy industries by 2030, with a projected price of $2.5/kg, driven by technological innovation and scaling.
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Ghana: Springfield Validates the Potential of Offshore Well Afina-1x

Ghana: Springfield Validates the Potential of Offshore Well Afina-1x

ERG completes the repowering of the Salemi-Castelvetrano wind farm in Sicily

ERG has finalized the modernization of the Salemi-Castelvetrano wind farm in Sicily, increasing its capacity to 75.6 MW with 18 new turbines and an annual production of 208 GWh, supporting the energy transition.

Eni distributes over three million free shares to its employees

Eni distributes over three million free shares to its employees
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France: A New Biomass Power Plant in Corsica

EDF launches the construction of a biomass power plant in Ajaccio. This €800 million project aims to cover 20% of Corsica’s electricity consumption while reducing CO2 emissions by 65%.

France and Its “Urban Mines”: An Underutilized Potential for Metal Recycling

France, the European leader in metallic waste exports, struggles to exploit its recycling potential, particularly for copper, a key element in the energy transition, according to a report by Oliver Wyman.

Italy: Enel, Leonardo, and Ansaldo Relaunch Nuclear Energy

Enel, Leonardo, and Ansaldo Nucleare join forces to study small modular reactors, marking a potential turning point for nuclear energy in Italy after decades of withdrawal.
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Enel announces €43 billion in investments and a dividend increase

The Italian group Enel plans to invest €43 billion by 2027, focusing on networks and renewable energies, while increasing dividends for its shareholders.

Russia Halts Gas Supplies to Austria Following Dispute with OMV

Following a contractual dispute with Gazprom, Austria, which relied on 90% of Russian gas this summer, faces a supply halt. Despite the crisis, the country claims to have secured its energy supply.

Oil and gas companies tackling methane

A Carbon Tracker report warns about the shortcomings in oil and gas companies' commitments to curb methane leaks, despite their critical climate impact.
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TotalEnergies awards major contracts to TechnipFMC and Saipem for an oil project in Suriname

TechnipFMC and Saipem secure contracts exceeding one billion dollars each for TotalEnergies’ offshore oil project, GranMorgu, aimed at exploiting fields off the Suriname coast.

France achieves record electricity exports in 2024

In 2024, France reaches an unprecedented level of electricity exports in 22 years, supported by increased nuclear and hydropower production and moderated domestic demand. A strategic success in the European energy market.

Framatome strengthens its presence in Italy to support nuclear energy in Europe

Framatome opens offices in Milan and Turin, marking a new step in Franco-Italian cooperation for the development of nuclear energy in Europe.
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The EIP fund increases its share to 10% in Plenitude, Eni’s green division

The Energy Infrastructure Partners (EIP) fund strengthens its investment in Plenitude, Eni's renewable energy subsidiary, valued at over 10 billion euros, to support its strategic growth.

Enel reports a profit of 5.9 billion euros despite falling energy prices

The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.

Australia: Eku Energy Secures 250 MW for Storage in Canberra

Eku Energy has finalized financing for its 250 MW/500 MWh energy storage system in Canberra, contributing to the energy security of the ACT and its ambitious climate goals.
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France: RTE launches an order of 5,000 km of cables to secure the French electrical network

The French operator RTE is investing nearly one billion euros to acquire 5,000 km of underground cables from five European cable suppliers to modernize and strengthen its high-voltage electricity network.

Azerbaijan at COP29: an Energy Future Rooted in Oil and Gas

As the host of COP29, Azerbaijan is a land rich in oil and gas resources. Its current strategy focuses on natural gas to become an essential supplier in Europe.