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Beijing opens major energy projects to private capital to revive investment

Chinese authorities authorise increased private sector participation in strategic energy projects, including nuclear, hydropower and transmission networks, in an effort to revitalise slowing domestic investment.

Germany grants $24.3 million to Nigeria to accelerate its energy transition

Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.

Shell exits MarramWind and CampionWind, prioritising high-return investments

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.
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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.

Sofia secures Lukoil refinery ahead of planned state takeover

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.

Envision and Statera partner on 680MW storage project in the United Kingdom

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.
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Jinhong Gas invests in Spain with a strategic cryogenic unit

Chinese group Jinhong Gas finalises a new industrial investment in Spain, marking its first European establishment and strengthening its global strategy in the industrial gas sector.

Fusion Fuel Cycles joint venture begins construction of UNITY-2 test facility

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.

CBAK Energy posts 36.5% revenue increase in Q3 driven by Hitrans

Driven by the recovery in the raw materials market, CBAK Energy posted a sharp rise in revenue in the third quarter, while its battery business enters a complex industrial transition.
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Sinopec accelerates on SAF and carbon credits to secure European markets by 2025

The Chinese giant targets 120 kt of SAF trading in 2025 and expands into European carbon markets, banking on ReFuelEU and CORSIA mandates to capture growing regulated demand.

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.

Three U.S. gas basins reshape prices, flows and contracts

Appalachia, Permian and Haynesville each reach the scale of a national producer, anchor the United States’ exportable supply and set regional differentials, LNG arbitrage and compliance constraints across the chain, amid capacity ramp-ups and reinforced sanctions.
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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.

Global renewable capacity to reach 793 GW in 2025 despite limited political ambitions

Global solar and wind additions will hit a new record in 2025, but the lack of ambitious national targets creates uncertainty around achieving a tripling by 2030.

Indonesia records 836 Mt coal output in 2024 despite falling revenues

Indonesia’s coal overproduction has cut state revenues and company profits, while methane emissions from mines far exceed official figures.
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OMS Energy turns to AI and robotics to capture global pipeline inspection market

OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.

South Korea under industrial pressure over emissions targets deemed unrealistic

South Korean refiners warn of excessive emissions targets as government considers cuts of up to 60% from 2018 levels.

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.
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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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Japan approves partial restart of Kashiwazaki-Kariwa nuclear power plant
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COP30 locks in adaptation, avoids fossil phase-out and opens a climate regulatory front
Over 15,000 tonnes of recycled concrete from Sizewell A reinjected into Sizewell C
Small EU states strengthen energy influence in Africa via Global Gateway

Agip secures rights over OPL 245 after key court ruling in Nigeria

The Abuja Court of Appeal rejected Malabu Oil & Gas’s lawsuit against Agip, Eni’s subsidiary, by upholding the statute of limitations on the OPL 245 oil block case.

Next-generation geothermal technologies gain global credibility

Advances in enhanced and closed-loop geothermal systems are drawing growing interest from governments and tech giants, despite critical cost reductions still needed for competitiveness.

Galp targets 40% increase in oil production in Brazil

Portugal’s Galp expects a production surge in Brazil driven by the offshore Bacalhau field, in partnership with Sinopec, Equinor and ExxonMobil.
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Madrid rejects claims of experiment linked to nationwide power outage

Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.

Shell strengthens position in Nigeria by acquiring TotalEnergies’ stake in Bonga

TotalEnergies sells its 12.5% stake in the offshore Bonga oil field to Shell for $510mn, raising the British group's share to 67.5% in the OML 118 block off the Nigerian coast.

The European Union seals strategic energy agreement with OLADE

A memorandum of understanding formalises energy cooperation between the European Union and the Latin American Energy Organization, including permanent EU participation in the organisation’s governance bodies.
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Wood Mackenzie’s tariff scenarios reshape global energy policy

Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.

LONGi signs 102MW deal to equip public infrastructure in Finland

Chinese group LONGi has signed a 102MW supply contract for Hi-MO X10 back contact solar modules with a Finnish energy company, marking a step in its Northern European expansion.

Sungrow installs 60MWh battery in Finland near the Arctic Circle

Chinese provider Sungrow has completed a 60MWh energy storage installation in Simo, less than 100 kilometres from the Arctic Circle, marking a strategic step for the stability of Finland’s power grid.
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Fusion Fuel plans £50mn strategic acquisition in UK fuel distribution

Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.

China Adopts Henry Hub Indexation in American LNG Contracts

Several Chinese companies have signed long-term contracts to purchase liquefied natural gas indexed to the U.S. Henry Hub, despite heightened trade tensions and the recent application of specific tariffs on American hydrocarbons.

Jereh deploys AI-powered fracturing platform in Sichuan

Jereh integrates artificial intelligence solutions into its oil operations, increasing fracturing efficiency by 36% through an autonomous electric system tested in the Sichuan Basin.
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Australia Extends North West Shelf Gas Project Operations by 40 Years

The Australian government has authorized an extension of the major North West Shelf gas project until 2070, sparking economic, cultural, and environmental debates both domestically and on international liquefied natural gas markets.

The Libra consortium launches production at Mero-4 with a China-integrated FPSO

Production at the Mero-4 field began on May 24 using a 180,000 barrels/day FPSO, the result of international cooperation among six partners operating offshore Brazil.

Indonesia Bets on 10 GW Nuclear to Transform its Energy Mix

Facing growing energy demands, Indonesia has announced an ambitious nuclear program targeting 10 GW capacity by 2040, attracting interest from global industry giants to support this strategic shift towards a low-carbon economy.
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Enel acquires 285 MW of wind capacity in the US through asset swap

Enel Green Power North America will increase its consolidated renewable capacity in the US through a wind asset swap agreement with Gulf Pacific Power, for a net consideration of $50mn.

Pemex Launches Major Restructuring Aimed at Saving 10.5 Billion Pesos

Petróleos Mexicanos (Pemex) plans to eliminate over 3,000 non-union positions as part of a comprehensive restructuring initiative aimed at significantly reducing operational costs.

Oil majors threaten dividend cuts as crude holds at $60

Falling oil prices strain shareholder returns as supermajors weigh high dividends against cash flow stability.
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Dogger Bank C HVDC offshore platform installed, completing all three substations

Dogger Bank Wind Farm has completed the installation of its third offshore HVDC converter platform, marking a major step in the development of the world’s largest offshore wind farm under construction.

Global mining concentration threatens access to strategic metals

The International Energy Agency warns of growing vulnerability in strategic metal supply chains, dominated by a limited number of producing and refining countries.
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