French nuclear reactor developer Newcleo has submitted its lead-cooled small modular reactor design to Euratom, initiating the first regulatory phase to integrate nuclear non-proliferation safeguards at the European level.
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 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.
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.
Faced with US sanctions targeting Lukoil, Bulgaria adopts emergency legislation allowing direct control over the Balkans’ largest refinery to secure its energy supply.
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.
Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.
Venture Global has signed a liquefied natural gas sales agreement with Atlantic-See LNG Trade S.A., a newly formed Greek joint venture, to supply 0.5 million tonnes annually starting in 2030, reinforcing regional energy security.
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.
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.
Commodities trader Gunvor confirmed that the assets acquired from Lukoil will not return under Russian control, despite potential sanction relief, amid growing regulatory pressure.
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.
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.
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.
Sofia temporarily restricts diesel and jet fuel exports to safeguard domestic supply following US sanctions targeting Lukoil, the country’s leading oil operator.
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.
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 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.
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 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.
SONATRACH, SONELGAZ and ENI S.P.A have signed a memorandum of understanding for an electricity interconnection between Algeria and Italy via a submarine cable, marking a major strategic step forward.
MOL optimizes oil production in Azerbaijan, capitalizing on decades of experience in managing mature fields, with promising prospects in the Caspian region.
Eni and SOCAR have signed a Memorandum of Understanding to explore synergies in gas exploration, GHG emissions reduction and sustainable development in Azerbaijan.
France set a new record for electricity generation and exports in the first half of 2024, thanks to strong hydropower activity and a recovery in nuclear power, reports French electricity grid operator RTE.
The EU is adding three new renewable energy projects to the CB RES list, aimed at strengthening regional energy cooperation and supporting the transition to clean energy.
Keppel MET Renewables strengthens its solar portfolio with the acquisition of two photovoltaic projects in Northern Italy, totalling 20 MWp of installed capacity.
Juwi GmbH sells a 267 MW solar portfolio in Greece to Foresight and Mirova, with EPC and O&M contracts.
Construction is scheduled to start in August 2024.
Masdar invests €817 million to acquire a 49.99% stake in 2 GW of solar power plants in Spain.
This strategic partnership with Endesa aims to develop 2.5 GW of renewable assets, potentially including 0.5 GW of battery energy storage.
Euglena, Petronas and Eni have approved a $1.3 billion investment in a biorefinery in Malaysia, to be operational in 2028, to produce sustainable biofuels.
Recurrent Energy, a subsidiary of Canadian Solar, receives a €50 million loan from the European Investment Bank to develop its solar portfolio in Italy, supporting the country's energy transition.
Italian hydrocarbon giant Eni saw its second-quarter net profit jump 125% to €661 million, against a backdrop of rising oil prices.
These results beat expectations and reflect strong growth in renewable energy production and biorefining.
