Matrix Renewables has signed a turnkey agreement with Tesla to develop a 1 GWh battery energy storage system in Scotland, marking its first standalone project of this kind in the UK.
Harbour Energy acquires US offshore operator LLOG for $3.2bn, adding 271 million barrels in reserves and establishing a fifth operational hub in the Gulf of Mexico.
Lhyfe aims to double its revenue next year, refocuses industrial priorities and plans a 30% cost reduction starting in 2026 to accelerate profitability.
UK-based manufacturer Awendio Solaris plans to build a 2.5 GW solar industrial platform, expandable to 5 GW, in Quebec, targeting North American markets with a 100% regional supply chain.
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.
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 UK has appointed METLEN to lead engineering and construction for the 400MW Longfield solar farm in Essex, with commissioning scheduled for 2030.
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.
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.
Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.
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.
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.
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.
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.
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.
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.
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.
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.
The lawsuit filed by three NGOs and eight plaintiffs accusing TotalEnergies of involuntary manslaughter and harm to biodiversity has been dismissed by the French judiciary, citing insufficient evidence of infractions.
Glencore announces a financial loss in 2024, attributed to a drop in demand and fluctuations in commodity prices, while considering a stock exchange move to strengthen its strategic position.
US developer Last Energy submits its nuclear site licence application for a microreactor project on the former Llynfi coal-fired power plant site in Bridgend, Wales.
Nexans, a major player in cable production, benefits from strong demand linked to infrastructure electrification, contributing to the growth of its financial results.
The American investment fund KKR acquires an additional 5% stake in Enilive, Eni's bio-refining subsidiary, for €587.5 million. This transaction values the entire subsidiary at €11.75 billion and aligns with the Italian group's development strategy.
France’s imports of liquefied natural gas (LNG) from Russia surged by 81% between 2023 and 2024, reaching €2.68 billion. With its extensive port infrastructure, France has become the primary entry point for Russian LNG into Europe, marking a shift in the market landscape.
TotalEnergies and ENI have reached an agreement with Cyprus and Egypt to develop the Cronos gas field. This initiative aims to convert the resources of Block 6 into liquefied natural gas (LNG) for the European market, utilizing existing Egyptian infrastructure.
Europe's energy transition is driving a structural transformation of the electricity grid, exposing the market to new vulnerabilities. A study by Compass Lexecon highlights three strategic levers to ensure supply stability amid geopolitical pressures and market volatility.
Newcleo has started the land acquisition process for its LFR-AS-30 small modular reactor in western France. The Italian company continues its regulatory procedures and plans to commission its first reactor in France by 2031.
Italian oil company Eni plans to continue its exploration activities at the Zohr gas field in Egypt for an additional two years. This decision comes as the site’s production has declined in recent years, impacting the country’s energy supply.
*Thames Water, a major water supplier in the UK, is facing an environmental investigation over growing concerns regarding its waste management and leaks. This situation raises significant financial stakes for the company.*
The Medef and thirteen other European employers' organizations launch an initiative to support the nuclear sector in the EU, in response to increasing competitiveness challenges exacerbated by international politics and global economic tensions.
Algeria, Nigeria, and Niger strengthen their commitment to constructing the Trans-Saharan Gas Pipeline. Three agreements were signed in Algiers to accelerate the project aimed at transporting Nigerian gas to Europe, addressing the growing demand in the energy market.
Perenco and its partners launch the first UK test for CO₂ injection into a depleted gas reservoir in the North Sea. This experimental phase aims to provide crucial data for the long-term geological storage of CO₂.
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ONGC and bp have signed a memorandum of understanding to jointly explore opportunities in oil exploration, production, and trading. This three-year agreement aims to optimize mature fields and strengthen their presence in offshore bidding rounds in India.
BP announces a strategic shift following a collapse in its 2024 profits. Under pressure from activist investors, the British group must balance profitability with the transformation of its asset portfolio in a changing market environment.
The UK government has reached a new agreement with Drax to cut its biomass subsidies by 50% between 2027 and 2031. The goal is to reduce financial pressure on consumers and ensure a supply that aligns with sustainability criteria.
Cadeler has signed a Vessel Reservation Agreement with Ocean Winds for the installation of turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The contract, estimated between EUR 48 and 56 million, reinforces the company’s position in this expanding market.
BP’s stock rises by more than 6% on the London Stock Exchange following reports of Elliott Management acquiring a significant stake. The activist fund is known for demanding strategic changes in the companies it invests in.
