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Argentina

Terra Innovatum signs agreement with Argentina’s Conuar for SOLO nuclear reactor components

Terra Innovatum has signed a memorandum of understanding with Conuar for the supply of key components for the industrial production of its SOLO micro-modular reactor, marking a strategic move into the South American market.

Release by Scatec expands hybrid solar plants to 64.4 MW in Cameroon

The Norwegian subsidiary has launched the second phase of its projects in Maroua and Guider, bringing total capacity to 64.4 MW of solar and 38.2 MWh of storage with an annual target of 141.5 GWh.

Argentina targets Brazil for gas exports despite Bolivian fees

Argentina aims to boost gas sales to Brazil by 2030, but high transit fees imposed by Bolivia require significant public investment to secure alternative routes.
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Two consortia submit applications for Utsira Nord floating wind tender

Norway has received two bids for offshore sites in the Utsira Nord zone, marking a key step in the country’s floating wind development.

Statkraft sells 1.5 GWp portfolio in India to Serentica Renewables

Statkraft has signed an agreement to sell solar and wind assets in India to Serentica Renewables, marking a strategic refocus on Europe and South America.

Vantage Drilling signs 260-day contract for the Platinum Explorer

Vantage Drilling has finalised a major commercial agreement for the deployment of the Platinum Explorer, with a 260-day offshore mission starting in Q1 2026.
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BlueNord lowers Tyra production guidance for Q3 2025

Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.

UK prepares new oil tax regime to revive UKCS competitiveness

The United Kingdom is set to replace the Energy Profits Levy with a new fiscal mechanism, caught between fairness and simplicity, as the British Continental Shelf continues to decline.

Norway tests first commercial cargo flight with fully electric aircraft

An American-built electric aircraft completed a test flight between Stavanger and Bergen, marking a key step in integrating zero-emission air cargo operations into Norwegian airspace.
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Orsted sues Trump administration over halt of Revolution Wind project

Orsted and two U.S. states have taken federal legal action to contest the abrupt halt of the Revolution Wind project, a $5 billion offshore venture now at risk of prolonged suspension.

ReconAfrica advances drilling of Kavango West 1X well in Namibia

Reconnaissance Energy Africa continues drilling its Kavango West 1X exploration well with plans to enter the Otavi reservoir in October and reach total depth by the end of November.

Scatec signs 15-year power purchase agreement for a solar plant in Colombia

Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
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BW Offshore selected by Equinor for Bay du Nord FPSO development

BW Offshore has been chosen by Equinor to supply the FPSO unit for Canada’s Bay du Nord project, marking a key milestone in the advancement of this deepwater oil development.

Equinor injects up to $939mn to support Ørsted’s capital increase

Equinor confirms its participation in Ørsted’s capital increase, aiming to maintain its 10% stake and support the financial stability of the Danish group facing headwinds in offshore wind.

Norway launches assessment process for two nuclear projects

Norwegian authorities begin the first regulatory phase for two modular nuclear reactor projects, marking a strategic step in the national review of the potential role of nuclear energy in the country’s power mix.
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CATL deploys TENER Stack system in Brazil to accelerate regional expansion

CATL unveiled in São Paulo its new 9MWh TENER Stack system, designed for the South American market, responding to rising demand for energy storage driven by the growth of renewable energy.

Nano Nuclear partners with Dioxitek to strengthen Argentina’s nuclear supply chain

Nano Nuclear Energy has signed a memorandum of understanding with Dioxitek, Argentina’s only uranium supplier for nuclear fuel, to assess the development of local conversion and enrichment capacities.

Sweden lifts uranium mining ban to revive nuclear industry

Stockholm plans to restart uranium extraction by lifting the 2018 ban, aiming to secure strategic supply chains and support domestic nuclear electricity production.
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Equinor, Shell and TotalEnergies launch the first subsea CO2 injection in Norway

The Northern Lights project has injected its first volume of CO2 under the North Sea, marking an industrial milestone for carbon transport and storage in Europe.

Vantage Drilling extends conditional agreement for the Platinum Explorer rig

Vantage Drilling International Ltd. extends the validity of its conditional letter of award until August 29, without changes to the initial terms.
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The Norwegian Sovereign Fund: Record Gains Thanks to Tech Giants

The Norwegian Sovereign Fund posted a historic return of 214 billion euros in 2024, driven by investments in major tech companies. However, the dominance of these giants is now being questioned.

Trump’s Tariff Threats Weigh Down Oil Prices

The imminent prospect of U.S. tariffs on imports from Canada and Mexico is causing concern in oil markets. Combined with an unexpected rise in crude stocks in the U.S., this announcement is impacting global oil prices.

Saneg reduces flaring to optimize gas flows in Uzbekistan

Saneg, in partnership with international players, transforms flared gas into a usable resource, reducing energy dependency while strengthening its position in a pressured energy market.
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The Strategic Growth of Geothermal Energy in Romania: Bihor as a Case Study for Europe

Bihor County in Romania accelerates geothermal energy integration into its energy economy. With over €45 million invested, mostly funded by the European Union, the region highlights the growing profitability of this resource.

Orkla sells its hydropower portfolio for NOK 6.1 billion

Norwegian group Orkla announces the sale of its hydropower portfolio through two separate transactions, valuing the assets at NOK 6.1 billion. A strategic decision aimed at streamlining operations and refocusing priorities.

Norfund invests USD 40 million in CrossBoundary Energy to support its projects in Africa

The Norwegian fund Norfund invests an additional USD 40 million in CrossBoundary Energy to strengthen its portfolio of energy solutions in Africa, aiming to support the transition to decentralized renewable energy.
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KHNP Strengthens Its Position in Europe with New Partnerships for SMR Development

Korea Hydro & Nuclear Power (KHNP) has signed memorandums of understanding with Scandinavian players to promote small modular reactors (SMRs) in the Norwegian and Swedish markets, aiming to strengthen its presence in Europe.

The United States Falling Behind in Wind Energy: A Risk of Losing Ground to China

The United States, with only 10% of its electricity generated by wind in 2023, risks being surpassed by China, according to a report from the think tank Ember. Europe, on the other hand, is making significant progress.

The Clipper Eris becomes the first vessel capable of storing its CO2 at sea

A Norwegian shipowner has equipped an ethylene carrier with an onboard CO2 capture and storage system. The initiative could reduce its greenhouse gas emissions by 70%.
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SWA Lithium intensifies its drilling to strengthen its strategic ambitions

SWA Lithium intensifies its drilling to strengthen its strategic ambitions

Norfolk Vanguard Projects: Aker Solutions and Siemens Energy Receive Full Authorization

The Aker Solutions-Siemens Energy consortium advances on Norfolk Vanguard West and East, strategic RWE projects for offshore wind infrastructure development in Europe.

Congo records a sale of 881,192 barrels of crude oil by PetroNor

PetroNor sold 881,192 barrels of crude oil at a price of $72.8 per barrel on the PNGF Sud block. This major transaction generates $64 million, highlighting the importance of investments in the Congolese oil sector.
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Norway Awards 53 Licenses to Boost Its Continental Shelf Energy Sector

The APA 2024 cycle marks a turning point for Norwegian energy, with 53 licenses distributed among 20 companies. These opportunities aim to maintain competitiveness and innovation in a key European sector.

Norway sees Hydro acquire Hydrovolt for USD 7.6 million

Hydro has finalized the acquisition of all Hydrovolt shares, its former joint venture with Northvolt. This USD 7.6 million purchase aims to strengthen Hydro’s strategic position in battery recycling in Europe.

Cameroon finalizes a 15-million-dollar oil agreement with Tower Resources

Cameroon welcomes a new strategic agreement between Tower Resources and Prime Global Energies, mobilizing 15 million dollars to develop the NJOM-3 well, a key offshore oil project planned for 2025.
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Norway Sets Record in Natural Gas Production in 2024

With 124 billion m³ of gas produced in 2024, Norway consolidates its position as Europe’s primary supplier, replacing Russia in a tense geopolitical context.

Norway Approves Halden for a 1200 MWe SMR Nuclear Plant

Halden Kjernekraft is studying the construction of a 1200 MWe nuclear power plant based on small modular reactors (SMR). This project could reshape Norway’s energy landscape.

Tunisia Launches 4 Solar Photovoltaic Projects for 498 MWac

Tunisia accelerates its energy transition by awarding 4 solar photovoltaic projects totaling 498 MWac, aiming to reduce dependency on imports and promote renewable energies.
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Empire Wind 1 secures $3 billion financing in the United States

The offshore wind project Empire Wind 1 by Equinor, located off the coast of New York, has secured $3 billion in financing. This key initiative is expected to supply electricity to 500,000 households by 2027, strengthening the United States' renewable energy position.

Aluminium Dunkerque requests competitive prices from EDF for the post-Arenh era

With the end of the Arenh mechanism in 2025, Aluminium Dunkerque is calling on EDF to offer competitive prices to remain internationally competitive while meeting decarbonization requirements.
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