Algeria

Naked Energy expands solar thermal operations to Spain and Portugal

British company Naked Energy is accelerating its international expansion with a new office in Madrid to deploy its solar thermal technology in the industrially promising Iberian market.

Jinhong Gas invests in Spain with a strategic cryogenic unit

Chinese group Jinhong Gas finalises a new industrial investment in Spain, marking its first European establishment and strengthening its global strategy in the industrial gas sector.

BW Ideol secures up to €74mn for concrete floater plant in Fos-sur-Mer

The European Commission has selected BW Ideol’s Fos3F project for a grant of up to €74mn, targeting the construction of a concrete floater plant for floating wind turbines at the industrial site of Fos-sur-Mer.
en_1140991138540

TotalEnergies provides 610 GWh of renewable electricity to Data4 for its data centers in Spain

TotalEnergies has signed a ten-year agreement with Data4 to supply its Spanish data centers with renewable electricity, with a total volume of 610 GWh starting from January 2026. The agreement relies on a 30 MW capacity.

Aramco’s net profit drops for the eleventh consecutive quarter

Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.

CNAT requests a three-year extension for Almaraz I and II

Centrales Nucleares Almaraz-Trillo has officially requested the extension of operations for reactors Almaraz I and II until 2030, challenging the original timeline for the shutdown of Spain’s nuclear fleet.
en_1140041125540

Rondo Energy to deploy 100 MWh heat battery for HEINEKEN in Portugal

HEINEKEN, EDP, and Rondo Energy are deploying a 100 MWh industrial heat battery in Lisbon, providing renewable steam 24/7 using on-site solar power and the grid.

EU bans Russian LNG, Arctic bottlenecks and clauses under strain

The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity. —

Algeria to launch SCADA system modernisation of national power grid in 2026

The Algerian government plans a full upgrade of the SCADA system, managed by Sonelgaz, to improve control and supervision of the national electricity grid starting in 2026.
en_114021147540

Siemens and RIC Energy join forces to accelerate renewable hydrogen in Spain

RIC Energy and Siemens have signed a strategic agreement to develop industrial projects in renewable hydrogen, sustainable aviation fuel, and green ammonia, focusing on two key sites in Spain.

Repsol posts 34% profit drop over nine months despite UK operations

The Spanish oil group reported a net profit of €1.18bn over the first nine months of 2025, hit by unstable markets, falling oil prices and a merger that increased its debt.

TotalEnergies and Shell boost profits despite falling oil prices

Third-quarter results show strong resilience from European majors, supported by improved margins, increased production and extended share buyback programmes.
en_1140311069540

Naturgy posts €1.67bn net profit and maintains full-year target

With a 5.6% increase in net profit over nine months, Naturgy expects to exceed €2bn in 2025, while launching a takeover bid for 10% of its capital and engaging in Spain’s nuclear debate.

Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure

Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —

Iberdrola to pay €1.7bn interim dividend to shareholders in January

Iberdrola has confirmed a €0.25 per share interim dividend in January, totalling €1.7bn ($1.8bn), up 8.2% from the previous year.
en_1140281034540

Iberdrola installs its first offshore HVDC station in the United Kingdom

Iberdrola has installed the high-voltage direct current converter station for its East Anglia THREE wind farm, marking a key milestone in a €5 billion project.

Sonatrach replaces its CEO as internal tensions mount

Algeria has removed Rachid Hachichi from the leadership of Sonatrach, two years after his appointment, replacing him with Noureddine Daoudi, former head of the National Agency for the Valorisation of Hydrocarbon Resources.

Galp Energia posts 53% quarterly profit surge driven by gas and refining

Portugal’s Galp Energia reported an adjusted net profit of €407 million in Q3, driven by higher refining margins and strong contribution from liquefied natural gas.
en_1140271045540

Voltalia posts 31% growth driven by booming services segment

Voltalia's Q3 2025 revenue rises to €164.7mn, fuelled by a sharp increase in services activity, while energy sales decline due to currency effects and lower prices.

Almaraz operators request extension beyond 2028

Endesa, Iberdrola and Naturgy have officially requested the Spanish government to delay the closure of the Almaraz nuclear power plant, originally scheduled for 2028, reigniting the debate on nuclear power's role in the national energy mix.

Occidental and Algeria Launch Two Studies to Assess New Oil and Gas Fields

Alnaft and Occidental Petroleum signed two agreements to assess the oil and gas potential of southern Algerian zones, amid rising budgetary pressure and a search for energy stability.

Eco Wave Power Expands Global Presence Despite Rising Mid-Year Losses

With active projects across four continents and strong liquidity, Eco Wave Power accelerates its expansion strategy while absorbing a rise in operational costs in H1 2025.

OPEC Revises Global Oil Forecasts for 2026 to 106.5 Million b/d

OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
en_1140320828540

Russia gains adoption of oil and gas standards in Africa and the Middle East

Around 80 Russian technical standards for oil and gas have been internationally validated, notably by the United Arab Emirates, Algeria and Oman, according to the Institute of Oil and Gas Technological Initiatives.

Eco Wave Power completes installation of pilot project at the Port of Los Angeles

Eco Wave Power has completed the full installation of its wave energy system at the Port of Los Angeles, paving the way for initial operational tests scheduled for September.

Exus Renewables secures key financing for Cibele solar plant in Portugal

Exus Renewables has secured financing for its 130MW Cibele solar plant in Portugal, with MUFG EMEA acting as sole lead arranger and exclusive financial partner.
en_1140100826540-2

OPEC+ to complete in September the full withdrawal of 2.2 million b/d voluntary cuts

The eight OPEC+ members concerned will end next month the cuts introduced in November 2023, while keeping the option to readjust their output depending on market fundamentals and quota compliance.

Forestalia signs 10-year contract with Galp to refinance wind farm

Forestalia has signed a ten-year power purchase agreement with Galp Energia Espana to refinance a 42.7 MW wind farm in Aragon, securing stable revenues through coverage of 65% of its annual production.

Iberdrola receives the final Windar monopiles for its Windanker offshore wind farm

The last monopiles manufactured by Navantia Seanergies and Windar Renovables have been delivered to Iberdrola for the Windanker offshore project, marking a major milestone for the European XXL offshore wind component manufacturing industry.
en_114080855540

VINCI secures a €1.2bn industrial contract for a biorefinery in Spain

VINCI, through its subsidiaries, has established itself in the construction of Spain’s largest second-generation biorefinery, a €1.2bn project aimed at supplying 500,000 tonnes of sustainable fuels per year.

AMEA Power launches Agadir desalination plant expansion with 150 MW wind farm

AMEA Power partners with Cox for the second phase of the Agadir desalination plant, set to reach 400,000 m³/day with power supplied by a 150 MW wind farm in Laayoune.

The e-fuels market targets $66.25bn by 2030 driven by Asia-Pacific momentum

E-fuels growth is accelerating with the market expected to reach $66.25bn by 2030, fuelled by Asia-Pacific’s industrial expansion, technological advances, and investments in hydrogen and ammonia infrastructure.
en_114060857540

Sermatec invests in energy storage in Bulgaria with a 430 MWh project

Shanghai Sermatec Energy Technology Co., Ltd. announces an agreement to supply more than 430 MWh of energy storage in Bulgaria, marking a new step in the expansion of Chinese solutions in the European market.

OPEC+ Accelerates Production Hikes Amid Shifting Oil Market Dynamics

Eight OPEC+ countries boost output by 547,000 barrels per day in September, completing their increase program twelve months early as Chinese demand plateaus.

Audax Renovables invests EUR17mn in a 21.88 MWp photovoltaic plant in Spain

Audax Renovables commits EUR17mn to a 21.88 MWp solar plant in Navalmoral de la Mata, targeting annual output of 42 GWh, backed by structured financing from the European Investment Bank.
en_114050838540

Saudi Aramco and Sonatrach cut LPG prices by 5 to 10% for August

Saudi Aramco and Sonatrach have announced a reduction in their official selling prices for liquefied petroleum gas in August, reflecting changes in global supply and weaker demand on international markets.

OPEC+ increases production by 547,000 barrels as non-OPEC supply explodes

The eight voluntary OPEC+ members accelerate their market return in September despite weakened global demand and record production from the Americas.

FRV partners with Envision for a 500MW green ammonia project in Brazil

Fotowatio Renewable Ventures joins forces with Envision Energy for the H2 Cumbuco project, aiming for a 500MW green ammonia plant targeting Brazilian, European, and Asian markets.
en_114040870540

DLA Piper advises Grupo Cox on a transaction involving Iberdrola Mexico assets at $4.2 billion

DLA Piper assists Grupo Cox in a planned transfer of Iberdrola assets in Mexico, with a reported value of $4.2 billion, mobilising an international legal team.

Encavis acquires 199 MW wind and solar portfolio from BayWa r.e. in Spain

Encavis AG announces the acquisition of a 199 MW portfolio consisting of three wind farms and two photovoltaic plants in Aragon, marking a key step in the group's technological diversification in Spain.