Denmark

European Union rejects United Kingdom’s exemption from carbon border levy

Brussels confirmed that the United Kingdom will not be exempted from the carbon border levy until both carbon markets are connected, delaying a possible exemption by at least one year.

EDF Power Solutions appoints METLEN to build 400MW Longfield solar farm

EDF Power Solutions UK has appointed METLEN to lead engineering and construction for the 400MW Longfield solar farm in Essex, with commissioning scheduled for 2030.

Meg O’Neill takes over BP to refocus the group on hydrocarbons

British company BP appoints Meg O'Neill as CEO to lead its strategic refocus on fossil fuels, following the abandonment of its climate ambitions and the early departure of Murray Auchincloss.
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Masdar commissions first UK storage site and adds 150 MW of new capacity

Masdar begins commercial operations at a Stockport battery storage unit and announces two more UK projects, part of a £1bn ($1.25bn) plan for 3GWh of BESS capacity.

Industrikraft takes 20% stake in Videberg Kraft to support Ringhals nuclear project

The Industrikraft consortium will invest SEK400mn ($42.2mn) to become a shareholder in Videberg Kraft, marking a new phase in Sweden’s nuclear project led by Vattenfall on the Värö Peninsula.

Cadeler secures two offshore contracts worth €500mn in wind energy

Danish group Cadeler has signed two contracts for the transport and installation of offshore wind turbine foundations and units worth a combined €500mn, subject to a final investment decision by the client.
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Germany grants $24.3 million to Nigeria to accelerate its energy transition

Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.

Uniper shuts down Karlshamn-2 after failure of Swedish winter backup scheme

The shutdown of Karlshamn-2 removes 335 MW of heavy fuel oil capacity from southern Sweden, exposing the limits of a strategic reserve model approved but inoperative, and increasing pressure on winter supply security.

Shell exits MarramWind and CampionWind, prioritising high-return investments

Shell withdraws from two floating wind projects in Scotland, reinforcing capital discipline in favour of faster-return activities. ScottishPower takes over MarramWind while CampionWind is returned to Crown Estate Scotland for reallocation.
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Sofia secures Lukoil refinery ahead of planned state takeover

The Bulgarian government has increased security around Lukoil’s Burgas refinery ahead of a state-led takeover enabled by new legislation designed to circumvent international sanctions.

Swedish industrial players inject €36.4mn into Vattenfall’s future nuclear reactors

A consortium led by Swedish giants such as ABB, SSAB and Volvo will invest SEK400mn to support the development of small modular nuclear reactors through a strategic partnership with Vattenfall.

Envision and Statera partner on 680MW storage project in the United Kingdom

China's Envision Energy will supply a 680MW battery storage system to UK-based Statera Energy as part of the Carrington project, one of the largest in the country to reach financial close.
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Fusion Fuel Cycles joint venture begins construction of UNITY-2 test facility

Fusion Fuel Cycles has begun work on its UNITY-2 facility, a unique test bench designed to validate the full tritium fuel cycle under fusion conditions, marking a key step toward fusion energy.

Sweden lifts uranium mining ban starting January 2026

Sweden’s parliament has approved a major reform authorising uranium extraction, opening the door to a reassessment of the economic potential of mining projects containing this strategic mineral.

Vestas boosts quarterly profit and announces €150mn share buyback

The Danish wind turbine manufacturer doubled its net profit in the third quarter despite complex market conditions, supported by increased onshore deliveries and order growth.
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Alfa Laval strengthens its partnership with EDF for six new EPR2 reactors

Alfa Laval extends its cooperation with EDF to supply heat exchangers for EPR2 projects across three nuclear sites, reinforcing its position in the French nuclear sector.

International Petroleum accelerates Blackrod and completes USD 450mn bond refinancing

International Petroleum Corporation exceeded its operational targets in the third quarter, strengthened its financial position and brought forward production from its Blackrod project in Canada.

Aegir Insights expands Aegir Quant™ to hybrid, solar and storage assets

Danish firm Aegir Insights extends its Aegir Quant™ platform to onshore wind, solar, storage and hybrid assets, strengthening its investment intelligence offering for developers and investors.
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Fluor selected for front-end engineering of LanzaJet’s sustainable fuel hub in England

Fluor Corporation will lead the front-end engineering of a UK sustainable aviation fuel plant led by LanzaJet and British Airways, with planned output of over 90,000 tonnes per year.

Shell transfers $8.4bn in debt to its U.S. subsidiary

Shell launches a bond exchange offer on six USD-denominated series to restructure $8.4bn in debt through its newly formed entity Shell Finance US.

The global wind turbine maintenance market to reach $59.67bn by 2030

Rising installations and the integration of predictive technologies are driving the wind turbine operations and maintenance market, projected to hit $59.67bn by 2030, according to MarketsandMarkets.

Oil rises over 3% following trade agreement between Washington and London

Brent and WTI prices surged after the announcement of a trade deal between the United States and the United Kingdom, raising expectations of a rebound in global crude demand.

Ørsted abandons Hornsea 4 in the United Kingdom due to excessive perceived risks

Danish group Ørsted halts development of its Hornsea 4 offshore wind project in the UK, citing financial and operational risks that no longer guarantee returns for shareholders.
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Vestas beats expectations with €5mn profit in Q1 2025

Danish wind turbine manufacturer Vestas posts an unexpected net profit despite tariff tensions and confirms its 2025 outlook.

Shell considers BP takeover as group valuation declines

BP rises on the London Stock Exchange amid acquisition rumours by Shell, which may wait for a further drop in oil prices before taking action.

North Africa accelerates electric cable projects to Europe

Egypt, Tunisia and Morocco are investing in submarine interconnections to export their renewable electricity to European markets amid growing energy demand.
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Subsea7 secures major contract with Petrobras for Búzios 11 field

Petrobras has awarded Subsea7 a large-scale contract for the development of the Búzios 11 field, located in the pre-salt Santos basin offshore Brazil.

Tehran rejects French and US threats over its oil exports

Iran responded to threats of sanctions from the United States and France, denouncing what it sees as illegitimate political pressure and reaffirming its stance on the legality of its oil exports.

Chevron sees net profit drop 36% in Q1 2025

Chevron reports a sharp decline in quarterly results, impacted by weak refining margins, stable production and exceptional charges in the United States and the United Kingdom.
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Platts expands low-carbon marine methanol assessments to Shanghai and Rotterdam

Platts has released its first low-carbon marine methanol price assessments in Shanghai and Rotterdam, enhancing price visibility for maritime transport and the alternative methanol value chain.

Shell posts net profit of $4.8bn in Q1 2025 despite falling oil prices

Shell plc recorded a net profit of $4.8bn in the first quarter of 2025, down 35%, but above analyst expectations, supported by solid operational performance and a new share buyback programme.

Ørsted sells 24.5% stake in West of Duddon Sands offshore wind farm to Schroders Greencoat

Danish developer Ørsted has finalised the sale of 24.5% of its stake in the UK’s West of Duddon Sands wind farm to funds managed by Schroders Greencoat for GBP456.1mn ($571mn).
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The first caissons of Belgium’s energy island successfully installed in the North Sea

The Princess Elisabeth energy island project advances with the placement of two caissons, launching a key phase of marine civil engineering off the Belgian coast.

Voltalia records 15% increase in production despite price pressure

Voltalia’s revenue rose by 2% in the first quarter of 2025, driven by third-party services, while energy production reached 1.1 terawatt-hours due to improved resources in Brazil.

Peter Dutton commits $200bn to bypass nuclear ban in Australia

Australia’s opposition leader unveils a seven-reactor plan, challenging current energy policy days before federal elections and reviving a decades-old debate.
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Subsea7 and SLB OneSubsea awarded EPCI contract by bp for Ginger in Trinidad and Tobago

Bp awards a contract valued between $150mn and $300mn to Subsea Integration Alliance to develop the offshore Ginger field under a new global framework agreement.

Iberdrola posts 27% drop in quarterly profit following exceptional asset sale

Spanish group Iberdrola saw its net profit fall in the first quarter despite a moderate revenue increase, impacted by an unfavourable base effect linked to the 2024 asset sale in Mexico.

TotalEnergies posts 33% drop in net profit in first quarter

TotalEnergies saw its net profit fall to $3.9bn in the first quarter, impacted by lower oil prices, despite an increase in its hydrocarbon and electricity production.
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Atlantic Petroleum cuts DKK90mn in debt and returns to profit in 2024

Atlantic Petroleum signed a conditional agreement to reduce its debt by at least DKK90mn ($12.8mn), while posting a modest net profit of DKK1.4mn marks a return to financial balance.

Vattenfall to operate a 50-megawatt battery park in the Netherlands by 2026

Vattenfall has signed an agreement with Return to operate and optimise a 50-megawatt battery park in Waddinxveen, aiming to strengthen its energy storage portfolio in Northern Europe.