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Petrobras strengthens its grip on Brazil’s spot gasoline market after Refit and SSOil exit
The removal of two Brazilian refiners and Petrobras’ pricing offensive reshuffle spot volumes around Santos and Paranaguá, shifting competition ahead of a planned tax increase in early 2026.
EDF power solutions launches hydrogen pilot plant in Macaé to strengthen assets in Brazil
EDF power solutions has inaugurated a hydrogen pilot plant at the Norte Fluminense thermal power plant, with an investment of BRL4.5mn ($882,000), as part of Aneel's R&D programme.

Gavin Newsom seeks to reposition California as an autonomous player amid US withdrawal

Governor Gavin Newsom attended the COP30 summit in Belém to present California as a strategic partner, distancing himself from federal policy and leveraging the state's economic weight.
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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.
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.

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.

Stubbo Solar reaches full commercial operation with 520 MW installed in New South Wales

ACEN Australia’s Stubbo Solar project becomes the first solar asset to operate under an LTESA contract, strengthening its role in New South Wales’ energy transformation.
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Fortescue tests ten large-scale solar technologies with ARENA in the Pilbara
Fortescue launches a solar innovation hub in the Pilbara with AUD45mn ($28.9mn) in public funding to test technologies aimed at accelerating and optimising large-scale solar farm construction.
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.

L’Union africaine réclame une réforme des règles de financement climatique avant la COP30

À l’approche de la COP30, l’Union africaine demande une refonte des mécanismes de financement climatique pour garantir des ressources stables et équitables en faveur de l’adaptation des pays les plus vulnérables.
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COP30 opens in tension as negotiations fail on initial agenda
COP30 begins in Belém under uncertainty, as countries fail to agree on key discussion topics, highlighting deep divisions over climate finance and the global energy transition.
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.

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.
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Lula defends funding energy transition through oil revenues
Ahead of COP30 in Belém, Brazilian President Luiz Inacio Lula da Silva adopts a controversial stance by proposing to finance the energy transition with proceeds from offshore oil exploration near the Amazon.
Petrobras increases net profit in third quarter driven by production growth
Petrobras reported a net profit of $6 billion in the third quarter, supported by rising production and exports despite declining global oil prices.
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Nel invests in 1 GW of pressurised alkaline electrolysis at Herøya site
Erdogan proposes ceasefire on Ukrainian ports and energy infrastructure
Akuo raises €5.15mn through crowdfunding for its projects in Côte-d’Or
Q ENERGY opens the Ventajou wind project to local investment partners
China shifts mining capital to Russia to bypass Western restrictions
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.
Kazakhstan begins negotiations to export uranium to Finland
Talks are underway between Astana and Helsinki to consider the delivery of Kazakh uranium for Finnish nuclear power plants, amid efforts to diversify energy export markets.

Pemex cuts crude output but increases refining in third quarter

The Mexican state-owned company reduced its crude extraction by 6.7% while boosting its refining activity by 4.8%, and narrowed its financial losses compared to the previous year.
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Petrofac places holding company into administration after termination of key contract
The termination of a strategic contract with Dutch grid operator TenneT triggered the administration of Petrofac’s holding company, reigniting tensions with creditors.
Jordan prepares three major energy projects with German support
Amman plans to launch tenders for 400 megawatts of solar, wind and storage projects, as part of a strengthened bilateral energy cooperation with Germany.

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.
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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.
Galp Energia posts 53% quarterly profit surge driven by gas and refining
Portugal’s Galp Energia reported an adjusted net profit of €407 million in Q3, driven by higher refining margins and strong contribution from liquefied natural gas.

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.
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Clenergy restructures leadership to support global and Australian growth
Clenergy has appointed Haydn Fletcher and Samir Jacob to strategic positions to strengthen its operations in Australia and internationally, amid targeted commercial expansion.
Rio Tinto deploys electric trucks with swappable batteries in Mongolia
Rio Tinto commissions eight electric haul trucks with swappable batteries at the Oyu Tolgoi copper mine in partnership with Chinese company SPIC Qiyuan.

Voltalia posts 31% growth driven by booming services segment

Voltalia's Q3 2025 revenue rises to €164.7mn, fuelled by a sharp increase in services activity, while energy sales decline due to currency effects and lower prices.
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Borr Drilling ends two contracts in Mexico due to sanctions
The group terminates commitments for the Odin and Hild rigs in Mexico, initially scheduled through November 2025 and March 2026, due to sanctions affecting an involved counterparty, while reaffirming compliance with applicable international frameworks.
Chevron and Helleniq Energy secure four offshore exploration permits in Greece
The Greek government has selected a consortium led by Chevron to explore hydrocarbons in four maritime zones in the Ionian Sea and south of Crete, with geophysical surveys scheduled to begin in 2026.

Almaraz operators request extension beyond 2028

Endesa, Iberdrola and Naturgy have officially requested the Spanish government to delay the closure of the Almaraz nuclear power plant, originally scheduled for 2028, reigniting the debate on nuclear power's role in the national energy mix.
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Altano Energy raises €81mn to develop five hybrid projects in Andalusia
Altano Energy secured €81mn ($85.7mn) to construct two onshore wind farms and three photovoltaic plants in southern Spain, reinforcing its multi-technology generation strategy.
Baker Hughes reports $8.2bn in orders in Q3 despite net income decline
Baker Hughes recorded a 23% increase in orders in Q3 2025, driven by its gas segment, while net income fell 20% year-on-year to $609mn.

OPES Solar Mobility opens a solar panel factory for vehicles in Germany

OPES Solar Mobility launches Europe's first factory for flexible vehicle solar panels in Zwenkau, targeting truck, bus and utility vehicle markets across several continents.
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UAE launches $6bn project for 1GW of continuous renewable energy
Abu Dhabi has begun construction on the world’s first gigascale solar and battery storage project, capable of delivering 1GW of baseload renewable power, with operations expected by 2027.
Reliance reconfigures Jamnagar to prove the origin of fuels bound for the EU
The Indian refiner segments campaigns, strengthens documentary traceability and adjusts contracts to secure certified shipments to the European Union, while redirecting ineligible volumes to Africa and the Americas based on market conditions.
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