Iraq

ConocoPhillips raises dividends despite soaring Willow project costs

The US group increased its dividend and annual production forecast, but the $1.5bn rise in costs for the Willow project in Alaska is causing concern in the markets.

ExxonMobil takes 60% stake in gas exploration permit in Greece’s Ionian Sea

ExxonMobil joins a Greek energy consortium to explore a gas field in the Ionian Sea, strengthening its presence in the Eastern Mediterranean after Chevron, amid post-Russian energy diversification efforts.

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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China could reach its CO2 emissions peak around 2028, experts say

An international group of researchers now forecasts a Chinese emissions peak by 2028, despite recent signs of decline, increasing uncertainty over the country’s energy transition pace.

Engie maintains its 2025 targets despite pressure on energy prices

Engie maintains its 2025 earnings guidance despite falling energy prices and weaker hydro output, relying on its performance plan and a stronger expected fourth quarter.

Mitsubishi Gas Chemical secures 1mn tonnes of low-carbon methanol from Transition Industries

Transition Industries signed a long-term purchase agreement with Mitsubishi Gas Chemical for the annual supply of 1mn tonnes of ultra-low carbon methanol starting in 2029, from its Pacifico Mexinol project in Mexico.
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BridgePeak grants $144mn loan for 112.5MW solar farm in North Carolina

Developer Headwater Energy secured $144mn in financing arranged by BridgePeak Energy Capital to build a 112.5MW solar plant, expanding its portfolio in the southeastern United States.

Creekstone Energy raises funds for 10 GW AI energy campus in Utah

The funding round led by Trident Ridge and Pelion Ventures will allow Creekstone Energy to launch construction of its hybrid-generation site designed for AI-optimised data centres.

ONE Nuclear outlines its strategy ahead of expected 2026 public listing

ONE Nuclear Energy publishes a virtual presentation for investors detailing its industrial vision, ahead of its merger with Hennessy Capital Investment Corp. VII expected in the first half of 2026.
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Support for nuclear grows in the US as coal plants are repurposed

A majority of Americans now back nuclear energy, with strong approval for converting coal plants into nuclear sites and increasing public investment in sector technologies.

Thermal Energy secures CAD1.5mn in industrial heat recovery contracts

Thermal Energy International has won two new turnkey projects worth a total of CAD1.5mn ($1.09mn) from a global nutrition group, strengthening a collaboration initiated in 2019.

Plus Power secures $160mn for two battery storage projects in New England

Plus Power secured $160mn in tax equity investments from Morgan Stanley to fund two battery storage facilities in Massachusetts and Maine, the largest ever developed in New England.
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Nel ASA secures over $50mn PEM order for two hydrogen projects in Norway

Norwegian group Nel ASA has received a firm order worth over $50mn to supply its PEM electrolysers for two green hydrogen production units in Florø and Eigersund.

Pylontech opens subsidiary in Australia to support energy storage investments

Chinese manufacturer Pylontech strengthens its international investment strategy by launching a local entity in Australia to accelerate the deployment of its energy storage solutions.

JA Solar to supply 1.2 GW of modules for two photovoltaic projects in Uzbekistan

JA Solar has signed an agreement with Larsen & Toubro to supply photovoltaic modules for the Samarkand 1 and 2 solar power plants, developed by ACWA Power with a total installed capacity of 1.2 GW.
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EDF, SPIC and SAPCO consortium secures financing for 1,400 MW solar projects in Saudi Arabia

Two photovoltaic plants with a combined capacity of 1,400 MW will be operational in 2027, strengthening EDF Group's international presence and Asian actors in Saudi Arabia's energy market.

The liquid hydrogen micro-storage systems market to reach $738.6mn by 2034

Driven by aerospace, industrial gas, and hydrogen investment, the global liquid hydrogen micro-storage systems market is projected to grow 9% annually through 2034.

HiTHIUM partners with El-Mor to deploy 1.5GWh of long-duration storage in Israel

Chinese supplier HiTHIUM enters the Israeli market with a strategic agreement to deploy 1.5GWh of long-duration energy storage alongside El-Mor Renewable Energy.
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Mass Megawatts launches hydroelectric technology with two-year return on investment

Mass Megawatts unveils a new low-cost hydroelectric system with a payback period of under two years at optimal sites, relying on modular structures and standardised components.

Air Products posts $394mn net loss in 2025 and streamlines energy project portfolio

The US group reported a $877mn operating loss for fiscal year 2025, impacted by $3.7bn in charges related to project exits and restructuring.

TotalEnergies requests ten more years and $4.5 billion for its Mozambique project

TotalEnergies is asking Mozambique for a licence extension and financial compensation to restart its $20 billion gas project suspended since 2021 following an armed attack.

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.

Why lithium-ion battery technology maintains such dominance

Despite the emergence of new storage technologies, lithium-ion batteries retain a dominant position thanks to industrial leadership, improved performance and a high geographic concentration of production capacity.
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Air Liquide acquires NovaAir to expand its industrial network in India

Air Liquide signs agreement to acquire NovaAir, strengthening its presence in India’s industrial gas market by expanding its national footprint.

COOEC wins $4bn QatarEnergy offshore field development contract

COOEC has signed a $4bn EPC contract with QatarEnergy to develop the offshore Bul Hanine oil field, marking the largest order ever secured by a Chinese company in the Gulf.

Clenergy restructures leadership to support global and Australian growth

Clenergy has appointed Haydn Fletcher and Samir Jacob to strategic positions to strengthen its operations in Australia and internationally, amid targeted commercial expansion.
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Rio Tinto deploys electric trucks with swappable batteries in Mongolia

Rio Tinto commissions eight electric haul trucks with swappable batteries at the Oyu Tolgoi copper mine in partnership with Chinese company SPIC Qiyuan.

Envision Energy launches Gen 8 platform with modules up to 12 MWh

Envision Energy launches the Gen 8 platform, a modular storage range from 6 to 12 MWh, aiming to optimise energy density, logistical flexibility, and profitability for large-scale projects.

Nextracker Arabia to begin solar systems production in Saudi Arabia by 2026

Abunayyan Holding and US-based Nextracker launch an industrial joint venture in Riyadh to locally produce large-scale solar equipment for Saudi Arabia and the MENA region.
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Washington approves export of 112 mn m³/day of liquefied natural gas by CP2 LNG

The U.S. Department of Energy has given final approval to the CP2 LNG project, authorising liquefied natural gas exports to countries without free trade agreements.

ENGIE North America signs 600 MW solar deal with Meta in Texas

ENGIE North America has signed new power purchase agreements with Meta for a 600 MW solar project in Texas, bringing their renewable energy partnership in the US to over 1.3 GW.

LNG Energy Group settles $10.7mn debt and exits insolvency in Colombia

LNG Energy Group finalised a court-approved reorganisation agreement in Colombia and settled a major debt through asset transfer, while continuing its operational and financial recovery plan.
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Buffalo Biodiesel secures $300mn to accelerate expansion across eastern United States

Buffalo Biodiesel secures $300mn from Verite Capital to expand its used grease collection and processing operations to 25 US states and build two renewable gas plants.

Brookfield secures exclusive deal to revive two nuclear reactors in the United States

Santee Cooper has selected Brookfield Asset Management to lead a feasibility study aimed at completing two unfinished AP1000 reactors, without relying on public funds or raising consumer rates.

Chevron and Helleniq Energy secure four offshore exploration permits in Greece

The Greek government has selected a consortium led by Chevron to explore hydrocarbons in four maritime zones in the Ionian Sea and south of Crete, with geophysical surveys scheduled to begin in 2026.
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ExxonMobil receives Mozambique’s president ahead of investment in Rovuma LNG

Daniel Chapo is visiting the United States to encourage ExxonMobil to commit to a major investment in Rovuma LNG, a strategic gas project for Mozambique as TotalEnergies resumes its suspended operations.

Baker Hughes reports $8.2bn in orders in Q3 despite net income decline

Baker Hughes recorded a 23% increase in orders in Q3 2025, driven by its gas segment, while net income fell 20% year-on-year to $609mn.

Baker Hughes triples coiled tubing drilling fleet with Aramco in Saudi Arabia

Baker Hughes will expand its coiled tubing drilling fleet from four to ten units in Saudi Arabia’s gas fields under a multi-year agreement with Aramco, including operational management and underbalanced drilling services.
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First El Dabaa nuclear reactor receives 330-tonne pressure vessel

The reactor vessel for Unit 1 at Egypt’s El Dabaa nuclear plant has been delivered following a 20-day maritime transport from Saint Petersburg, marking a critical milestone in the country’s energy project.

UAE launches $6bn project for 1GW of continuous renewable energy

Abu Dhabi has begun construction on the world’s first gigascale solar and battery storage project, capable of delivering 1GW of baseload renewable power, with operations expected by 2027.