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Westinghouse secures $114mn contract to supply fuel to Paks nuclear plant

MVM Group has signed an agreement with Westinghouse to secure VVER-440 fuel supplies from 2028, reducing its reliance on Russia and strengthening nuclear cooperation between Budapest and Washington.

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.

Chevron strengthens post-Hess strategy and reassures markets on growth

In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.
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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.

Washington locks in Kazakh tungsten supply and frames its C5+1 bet

The United States secures a tungsten joint venture in Kazakhstan and mining protocols in Uzbekistan, with financing envisaged from the Export-Import Bank of the United States and shipment routed via the Trans-Caspian corridor.
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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.

Trump grants Orban oil exemption in exchange for US gas deal

The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.

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.
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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.

Gotion Launches First Electric Vehicle Battery Factory in Slovakia for Europe

Gotion inaugurates its Gigafactory in Slovakia, marking a significant advancement in electric vehicle battery production in Europe. This site, scheduled for 2027, strengthens the continent’s green industrial chain.

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.
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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.

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.

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.
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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.

Poland: Orlen Consolidates Gas, Targets Regional Hub Without Liberalization

Poland’s gas market remains highly concentrated around Orlen, which controls imports, production, and distribution, while Warsaw targets internal and regional expansion backed by new infrastructure capacity and demand from heat and power.

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.
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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.

Elogen to deliver electrolyser to RoyalStav and Veolia for project in Slovakia

Elogen will supply a 1 MW PEM electrolyser for a cogeneration plant operated by Veolia Energia Slovensko, in partnership with RoyalStav, near Žiar nad Hronom.

ENCAVIS acquires two ready-to-build solar projects in northern Italy

Encavis AG strengthens its Italian portfolio with two new solar projects in Emilia-Romagna, totaling 18.4 MW capacity and an estimated annual production of 28 GWh.

Geothermal Energy: A Strategic EU Response to the Energy Crisis

To reduce its dependency on Russian gas, the European Union is betting on geothermal energy, a renewable and local solution. This strategic lever aims to strengthen its energy sovereignty and accelerate the transition to a decarbonized future.

EDP Connects Two New Solar Plants with 103 MWp Capacity in Italy

EDP continues its expansion in renewable energy in Italy by connecting two new solar plants capable of powering nearly 60,000 homes and avoiding 67,000 tons of CO2 emissions annually.
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Automa strengthens its presence in Europe with solar projects in France and Poland

The Brazilian company Automa establishes itself in Europe by opening an office in Portugal and deploying its solutions in five solar power plants in France and Poland in 2024.

Argus Introduces First Daily Price Indices for Greek Natural Gas

Argus Media revolutionizes the energy market by launching daily price indices for Greek natural gas, providing unprecedented transparency in a context of growing volatility in Europe.

Russian Gas: Putin Expands Payment Options Amid US Sanctions

Russian Gas: Putin Expands Payment Options Amid US Sanctions
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First Electric Batteries Made in France: A Challenge for European Sovereignty

ACC launches the production of electric batteries in France, marking a major milestone in the European automotive industry as it seeks to counter Asian dominance. A closer look at the challenges and ambitions of this industrial project.

France Negotiates with Kazakhstan to Build a Nuclear Power Plant

Kazakhstan is discussing its first nuclear power plant project with France. EDF, Framatome, and Arabelle Solutions represent France against competition from Russia, China, and South Korea.

Spain boosts gas imports to meet demand

Facing high gas demand and insufficient renewable production, Spain increases its French imports and storage withdrawals while competing with the UK for LNG shipments.
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Lithuania purchases an LNG terminal, strengthening its energy independence

Lithuania has finalized the purchase of a floating liquefied natural gas (LNG) terminal, named Independence, marking a decisive step in its strategy to reduce its historical dependence on Russian gas.

OPEC+ Virtual Meetings: Strengthened Control for Riyadh

OPEC+ adopts online meetings, centralizing the decision-making process. This transition raises questions about transparency and tensions among producers facing increasing pressure in the oil market.

European Biomethane Reaches 7% of Natural Gas Demand in 2023

Biogas and biomethane production in the EU reached 22 billion cubic meters in 2023, representing 7% of total natural gas consumption. This growth, driven by massive investments, could revolutionize Europe's energy sector.
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TotalEnergies acquires developer VSB to strengthen its energy strategy

As part of its global energy strategy, TotalEnergies invests €1.57 billion to acquire the German group VSB, a major player in wind and solar projects in Europe.

Green Hydrogen: Drastic Cost Reduction to $2.5/kg by 2030

The decline in green hydrogen production costs could transform heavy industries by 2030, with a projected price of $2.5/kg, driven by technological innovation and scaling.

OPEC+ Extends Oil Cuts Until 2025 to Stabilize Prices

Despite internal disagreements, OPEC+ decided to maintain its production cuts until March 2025, extending their gradual removal to avoid a price drop in an uncertain market environment.
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Ghana: Springfield Validates the Potential of Offshore Well Afina-1x

Ghana: Springfield Validates the Potential of Offshore Well Afina-1x

Envision Energy invests in a wind turbine and energy storage factory in Kazakhstan

Envision Energy signs an agreement with Samruk Energy and Kazakhstan Utility Systems to launch a local manufacturing plant, aiming to strengthen Kazakhstan’s energy capacity and reduce dependency on imports.

ERG completes the repowering of the Salemi-Castelvetrano wind farm in Sicily

ERG has finalized the modernization of the Salemi-Castelvetrano wind farm in Sicily, increasing its capacity to 75.6 MW with 18 new turbines and an annual production of 208 GWh, supporting the energy transition.
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Leak on the Druzhba Pipeline: A High-Surveillance Incident in Poland

A leak detected on a branch of the Druzhba pipeline in Poland reignites debates on the security of energy infrastructures in Europe amid geopolitical tensions and reliance on strategic networks.

OPEC+ faces strategic choices to stabilize the oil market in 2024

Amid weakened global demand, the rise of U.S. shale oil, and internal divisions, OPEC+ seeks to preserve its influence on prices while adapting its production strategy.