Libya

Helion Energy’s Orion fusion power plant project moves forward with a construction permit in Washington State, reinforcing the company’s industrial ambitions for a commercial launch in 2028.
Operations at BP’s 440,000 barrel-per-day Whiting refinery have resumed following a temporary shutdown caused by a power outage and a minor fire incident.

LanzaTech amends LanzaJet agreements to strengthen strategic control

LanzaTech has signed revised agreements with LanzaJet’s shareholders, increasing its equity stake and extending its technology licensing rights through 2031.
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Eni's net profit rose to €803mn in the third quarter, supported by a 6% increase in production despite falling crude prices.
Enilive aligns conversions in Italy, hubs in Asia and U.S. diversification, with rising HVO margins, integrated pretreatment and HVO/SAF offtakes tied to European requirements, supporting volumes, site utilization and operational guidance.

The EU sanctions CNPC units as ESPO pipeline flows remain stable

The European Union targets a trading subsidiary and a refinery linked to China National Petroleum Corporation, tightening access to financial and insurance services without disrupting pipeline deliveries, with reallocations expected in settlements, insurance, and logistics. —
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Viktor Orban says he is working to bypass recent US sanctions targeting Rosneft and Lukoil, underscoring Hungary’s continued reliance on Russian hydrocarbons.
Mitsubishi Logistics has signed a virtual power purchase agreement with JERA Cross for 8MW of solar power, marking a new step in its energy strategies with investment plans through 2030.

Daiwa launches 160MWh energy storage project in Chitose

Daiwa Energy & Infrastructure has launched a 38MW grid-scale battery system in Chitose, aiming for commissioning in 2027, as part of its deployment of high-voltage storage assets across Japan.
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Menlo Digital has started construction on its MD-DC1 data centre in Herndon, marking a key step in its national development programme exceeding 1.8 GW.
A former Ukrainian soldier accused of taking part in the 2022 sabotage of the Nord Stream pipeline is at the centre of a contested extradition process between Italy and Germany, revived by a ruling from Italy’s Court of Cassation.

Caracas demands full payment for gas extracted from the Dragon field

Venezuela demands full financial compensation for any gas exports from the offshore Dragon field, reactivated following U.S. authorisation granted to Trinidad and Tobago.
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The levelised cost of solar electricity continues to fall globally, reaching a regional record of $37/MWh in the Middle East and Africa thanks to tracker technologies, according to the latest market data.
Traceability requirements from the EU (European Union) on fuel origin are reshaping Indian refined flows, with a shift toward Africa and Brazil supported by local premiums and a decline in Russian exports.

Washington hits Rosneft and Lukoil, EU tightens, Brent climbs

U.S. sanctions targeting Rosneft and Lukoil trigger a rebound in oil, while the European Union prepares a clampdown on liquefied natural gas and maritime logistics, with immediate repercussions for markets and Russia’s export chain.
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Vema Hydrogen has been named a qualified supplier by the First Public Hydrogen Authority to deliver clean hydrogen at industrial scale to California’s public and private infrastructure.
NANO Nuclear strengthens its North American strategy by acquiring Global First Power in Canada, securing regulatory rights for its KRONOS MMR™ project at Chalk River.

Vistra acquires 2.6 GW gas portfolio from Lotus Infrastructure

Vistra Corp. finalises the purchase of seven natural gas power plants totalling 2.6 gigawatts, strengthening its presence in key US electricity markets.
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Rising responses to UNEP’s satellite alerts trigger measurement, reporting and verification clauses; the European Union sets import milestones, Japan strengthens liquefied natural gas traceability; operators and steelmakers adjust budgets and contracts.
Buffalo Biodiesel CEO Sumit Majumdar expands his reach in private equity by joining Verite Capital Partners, a firm focused on backing growth companies and underserved markets.
The US government has withdrawn its proposal to suspend liquefied natural gas export licences for failure to comply with maritime requirements, while maintaining a phased implementation schedule.
Ahead of COP30, four major economies commit to regulating the increase in sustainable fuel production and consumption by 2035.

Gotion High-Tech unveils 20 MWh mega battery to support Riyadh

Gotion High-Tech presented in Saudi Arabia a modular 20 MWh storage solution aimed at strengthening the country's energy capacity under its Vision 2030 strategy.
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The Tützpatz solar project, developed by Vattenfall and powered by GCL System Integration, combines energy production and agricultural use across 93 hectares without public funding.
The Japanese developer has commissioned a storage unit in Karatsu and plans to deploy 80 facilities by the end of 2026, relying on agreements with local governments and industrial partners.

Paired Power and PHNXX launch plug-and-play mobile solar microgrid

The PairPHNXX system, designed for rapid deployment in areas without grid access, targets agricultural, military, and industrial markets with a turnkey modular technology.
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Canadian company Petro-Victory Energy Corp. has secured a $300,000 unsecured loan at a 14% annual rate, including 600,000 warrants granted to a lender connected to its board of directors.
Brookfield will invest up to $5 billion in Bloom Energy's fuel cells to power future artificial intelligence factories, initiating the first phase of a dedicated global digital infrastructure strategy.

Ascent Solar delivers flexible PV cells for marine and orbital testing

Ascent Solar Technologies has delivered samples of its flexible photovoltaic technology to two companies for testing in extreme environments, at sea and in space.
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Nano Nuclear and the University of Illinois will begin drilling operations for the KRONOS MMR™ reactor on October 24, marking a key step toward commercialisation of the nuclear project on the Urbana-Champaign campus.
Geronimo Power has started construction of the Bee Hollow solar project, valued at $54mn, in St. Clair County, delivering jobs, tax revenue and a partnership with the IMEA municipal agency.

Calpine secures Texas Energy Fund loan for 460 MW peaking power plant

Calpine Corporation has finalised a public funding agreement to accelerate the construction of a peaking power plant in Freestone County, strengthening Texas’s grid response capacity during peak demand periods.
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Greenflash Infrastructure has finalised the acquisition of Rock Rose, a 200 MW energy storage project located in Fort Bend County, to strengthen its ERCOT market portfolio.
Natura Resources is finalising construction of the MSR-1, an advanced liquid-fuel nuclear reactor, with a planned launch in 2026 on the Abilene Christian University campus.

JPMorganChase mobilises $1.5tn to support nuclear energy and critical supply chains

JPMorganChase commits $10bn in direct investments as part of a $1.5tn plan to boost energy independence and strategic technologies, including next-generation nuclear power.
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A roadmap under development aims to establish regulatory and technical foundations for the deployment of small modular reactors, with the goal of strengthening national energy security and attracting private capital.
Naftogaz urges the European Union to use Ukraine’s gas storage capacity as part of a strategic reserve system, while calling for the end of storage filling obligations after 2027.

Metacon acquires assets from Hynion Sweden to boost hydrogen projects

Metacon acquired components from the bankruptcy estate of Hynion Sverige AB for SEK3.5mn ($320,000), aiming to support its hydrogen refuelling station projects in Sweden.
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BP has awarded Valaris a $140mn drilling contract for a Mediterranean offshore campaign aimed at reinforcing Egypt’s declining gas output since 2021.
The United Nations nuclear agency is urging Ukraine and Russia to establish a local ceasefire to repair damaged power lines at the Zaporizhzhia plant, which remains on alert after losing all external power supply.