Italia

Newcleo considers shifting €16bn nuclear projects from the UK to the United States

Faced with shorter approval timelines, several European nuclear firms, including Newcleo, Orano and Urenco, are considering relocating key industrial investments to the United States.

The “Belém 4x” pledge targets global sustainable fuels surge by 2035

Nineteen countries, led by Brazil, Italy, Japan and India, aim to quadruple sustainable fuel production by 2035, marking a major industrial and regulatory challenge for global energy and transport supply chains.

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

Gunvor drops $22bn bid for Lukoil assets under US pressure

Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.

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.

Gunvor rules out resale of Lukoil assets to Russia after acquisition

Commodities trader Gunvor confirmed that the assets acquired from Lukoil will not return under Russian control, despite potential sanction relief, amid growing regulatory pressure.
en_1140551167540

GreenYellow and Sasol Italy launch the construction of a 5.1 MWp solar plant in Lombardy

GreenYellow and Sasol Italy announce the start of construction of a 5.1 MWp photovoltaic solar plant in Terranova Dei Passerini. This project aims to strengthen Sasol’s energy independence in Italy while contributing to the industrial energy transition.

Western sanctions disrupt Lukoil’s international operations

Sanctions imposed by the U.S. and the U.K. are paralyzing Lukoil's operations in Iraq, Finland, and Switzerland, putting its foreign businesses and local partners at risk.

Pakistan cancels 21 Eni LNG cargoes and seeks to renegotiate its contracts with Qatar

Pakistan cancels 21 planned LNG cargoes from Eni due to a gas surplus and negotiates with Qatar for potential deferment or resale of shipments.
en_114041155540

Le TAP augmente ses nominations de gaz aux interconnexions européennes clés

Les nominations du Trans Adriatic Pipeline progressent à Melendugno, Nea Mesimvria et Komotini, signalant davantage d’offre pipeline et une flexibilité accrue pour les expéditeurs face aux arbitrages avec le gaz naturel liquéfié.

Eni and PETRONAS Create an ASEAN Upstream NewCo, $15B in Investments

The joint venture combines 19 assets (14 in Indonesia, 5 in Malaysia), aims for 300 kboe/d initially and >500 kboe/d, and focuses investments on gas to supply Bontang and the Malaysia LNG complex in Bintulu.

Lukoil sells its African oil assets to Gunvor under pressure from US sanctions

Swiss trader Gunvor will acquire Lukoil’s African stakes as the Russian company retreats in response to new US sanctions targeting its overseas operations.
en_114021169540

Volkswagen secures 400 GWh of Guarantees of Origin from Enfinity in Italy

Enfinity Global has signed a ten-year agreement with VW Kraftwerk GmbH for the annual supply of 40 GWh of Guarantees of Origin from its photovoltaic power plants in Italy.

Prysmian raises annual targets after record Q3 performance

The Italian industrial cable manufacturer posted revenue above €5bn in the third quarter, driven by high-voltage cable demand, and adjusted its 2025 guidance upward.

80 Mile PLC takes full control of Ferrandina and signs three key agreements in Italy

80 Mile PLC has completed the full acquisition of Ferrandina in Italy and signed three memorandums of understanding with major energy groups, securing the supply and processing of 120,000 tonnes of biofuels per year.
en_1140290939540

Korkia and Evolution Power secure approval for 250 MW solar project in the UK

The UK government has authorised the construction of the Stonestreet Green Solar project, combining 150 MWp of solar capacity and 100 MW of battery storage, marking a major step for Korkia and Evolution Power’s infrastructure portfolio.

Italian court approves extradition of Ukrainian suspect in Nord Stream case

An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.

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.
en_1140271042540

QatarEnergy acquires 40% of North Rafah offshore block in Egypt alongside Eni

QatarEnergy has acquired a 40% stake in the North Rafah offshore exploration block, located off Egypt’s Mediterranean coast, strengthening its presence in the region in partnership with Italian group Eni.

Eni raises 2025 targets after 54% surge in quarterly net profit

Eni's net profit rose to €803mn in the third quarter, supported by a 6% increase in production despite falling crude prices.

Repercussions in Europe of the end of Russian gas transit via Ukraine

Ukraine terminates Russian gas transit contract to Europe from 2025. This decision forces European countries to review their supply strategies and adapt to the new dynamics of the energy market.

Switzerland rethinks its nuclear strategy for its energy future

The Swiss government is considering lifting the ban on new nuclear power plants, in response to growing electricity needs and uncertainties in the energy market.

EBRD finances renewable hydrogen plant in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a renewable hydrogen production unit in Uzbekistan, aimed at reducing the use of fossil hydrogen in the fertilizer industry.
Hydrogene-renouvelable-Ouzbekistan

Enfinity Global commits 500 million euros to 1.5 GW of solar power in Italy

Enfinity Global finances 1.5 GW of solar projects in Italy with an investment of 500 million euros, confirming its development strategy in the European energy market.

Meyer Burger abandons U.S. plant, stock market plunges immediately

Meyer Burger, Swiss manufacturer of solar panels, abandons plans for a site in Colorado, causing a 38.5% fall in its share price. The company refocuses its operations and launches a restructuring program to reduce costs.

Nigeria: Oando strengthens its position with the acquisition of Eni’s oil assets

Oando concludes the purchase of Eni's onshore blocks, doubling its crude production and strengthening its presence in the Nigerian energy sector.
Actifs-petroliers-Oando-Eni

2025: Hedge funds amplify European gas market volatility

Hedge funds' long positions in the European gas market are reaching record levels, exacerbating pricing uncertainties for 2025.

The energy transition market will reach 3.7 trillion USD in 2028

The energy transition market will reach 3.7 trillion USD by 2028, supported by growing public and private investment, with an annual growth rate of 9.4% according to Allied Market Research.

Lightsource bp secures NZD 267 million for Kōwhai Park solar farm

Lightsource bp and Contact Energy awarded NZD 267 million to build 168 MWdp solar farm at Kōwhai Park, Christchurch.
Site for the future Kowhai park

Overcapacity and rationalization: The global petrochemical industry is changing

Global overcapacity in the petrochemicals sector, exacerbated by Chinese expansion and energy costs in Europe, is forcing companies to undertake drastic restructuring, including plant closures and strategic consolidations.

Glencore Maintains Coal Activities Despite Pressure

Glencore decided to retain its coal activities, despite shareholder and environmental pressure, while leaving the door open to a possible demerger in the future.

FRV Australia completes financing for 100MW/200MWh Terang BESS

FRV Australia secures financing for Terang's 100MW/200MWh battery project, marking a turning point in renewable energy in Australia.
Batterie

Western sanctions cut Russian oil exports by 10%.

Russian oil exports by non-G7 tankers fell by 10% in July as a result of Western sanctions, leading to a reduction in international deliveries.

A former coal mine in Sardinia becomes a 100 MW storage site.

Energy Vault and Carbosulcis join forces to develop a 100MW hybrid energy storage system at the former Nuraxi Figus coal mine in Sardinia, accelerating the transition to a carbon-free technology hub.

ECB: Gas price shocks amplify eurozone inflation

Fluctuations in gas prices are having an increasing impact on inflation in the eurozone, albeit less pronounced than that of oil price variations, reveals a study by the European Central Bank (ECB).

Plenitude signs a 10-year PPA with Ferriera Valsabbia for wind energy

Plenitude and Ferriera Valsabbia sign a 10-year PPA for the supply of 15 MW of wind power, reinforcing their commitment to decarbonization.

Hydrogen investments progress worldwide

Canada, Italy, Australia and the UK announce substantial funding for hydrogen projects, illustrating a shared commitment to a global energy transition.

Gunvor and VARO invest in a sustainable biofuel plant in Rotterdam

Gunvor and VARO announce the construction of a sustainable biofuel plant in Rotterdam, aiming to meet up to 7% of the EU's needs by 2030.

FRV Australia obtains AUD 1.2 billion for its photovoltaic portfolio

FRV Australia has finalized a AUD 1.2 billion refinancing for its eight photovoltaic power plants, consolidating its financial backing and potential for developing new projects in Australia.

China sets export record for low-cost solar modules

China exports a record 120,427 MW of solar modules in the first half of 2024, thanks to a substantial reduction in prices, despite persistent trade tensions.