Malaysia

GreenH launches construction of three green hydrogen projects in Bodø, Kristiansund and Slagentangen, backed by NOK391mn ($35.86mn) in public funding, aiming to strengthen decarbonised maritime supply along Norway’s coast.
Nel ASA becomes technology provider for the Enova-supported hydrogen sites in Kristiansund and Slagentangen, with a combined minimum capacity of 20 MW.

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.
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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 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.

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.
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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.

RWE completes Nordseecluster A foundations ahead of maintenance operations

RWE has finalised installation of all 44 foundations at the Nordseecluster A offshore site in the North Sea, a key milestone before planned maintenance activities leading up to 2027 on this 660-megawatt project.
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INNIO and KMW partner to construct a 54 MW modular gas power plant in Mainz, designed to stabilise the grid and ensure supply to the future Green Rocks data centre.
Pembina Pipeline Corporation and PETRONAS have signed a long-term agreement securing 1 million tonnes per year of liquefaction capacity at Canada's Cedar LNG terminal, reinforcing their positions in the global liquefied natural gas market.

Nel ASA secures over $50mn PEM order for two hydrogen projects in Norway

Norwegian group Nel ASA has received a firm order worth over $50mn to supply its PEM electrolysers for two green hydrogen production units in Florø and Eigersund.
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Aker Solutions has secured a five-year brownfield maintenance contract extension with ExxonMobil Canada, reinforcing its presence on the East Coast and workforce in Newfoundland and Labrador.
Norwegian provider TGS will mobilise its marine seismic resources for at least 18 months for Chevron under a three-year capacity agreement covering exploration and development projects.

Fluor selected for front-end engineering of LanzaJet’s sustainable fuel hub in England

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.
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Shell launches a bond exchange offer on six USD-denominated series to restructure $8.4bn in debt through its newly formed entity Shell Finance US.
Norwegian firm DNO increases its stake in the developing Verdande field by offloading non-core assets to Aker BP in a cash-free transaction.

Ørsted deepens losses in the third quarter despite major fundraising

Danish offshore wind giant Ørsted reported a net loss of 1.7 billion kroner in the third quarter, despite a $9.4 billion recapitalisation aimed at strengthening its balance sheet and stabilising operations.
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NU E Power Corp. acquires 500 MW of hybrid projects from ACT Mid Market Ltd. to support the global expansion of its artificial intelligence and Bitcoin mining infrastructure.
Sinopec finalised supply agreements worth $40.9bn with 34 foreign companies at the 2025 China International Import Expo, reinforcing its position in the global petroleum and chemical trade.
UK-based Gresham House will acquire Swiss investment manager SUSI Partners, strengthening its international footprint in energy transition infrastructure.
The United Kingdom is launching the construction of two industrial carbon capture projects, backed by £9.4bn ($11.47bn) in public funding, with 500 skilled jobs created in the north of the country.

Tehran faces heavy sanctions 48 hours before nuclear deal expiration

Iran has less than two days to avoid the reinstatement of United Nations sanctions, as Europeans and the United States deem its nuclear commitments insufficient.
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BP revises its annual forecast and now expects global oil demand to grow until 2030, due to slower worldwide energy efficiency gains.
Aker becomes one of Nscale’s largest shareholders following a $1.1bn funding round, reinforcing its exposure to large-scale artificial intelligence infrastructure.

Oil majors cut 2026 budgets and increase shareholder returns

Oil companies are preparing for a tough 2026 with lower investments, focusing on financial discipline and cash flow redistribution at the expense of low-return projects.
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TenneT Holding has reached an agreement with APG, GIC and NBIM to finance the expansion of the German high-voltage grid, securing its capital needs for the coming years.
Eight oil companies and Iraqi and Kurdish authorities have reached a preliminary deal to restart crude exports via the Iraq-Turkey pipeline, halted since March 2023.

Iberdrola plans €58 billion investment to boost growth by 2028

Iberdrola plans to invest EUR58bn ($61.83bn) by 2028, targeting a net profit of EUR7.6bn ($8.10bn), focusing on power grids and key markets such as the United Kingdom and the United States.
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Cavendish Hydrogen has signed a contract with PAK-PCE H2 Stations to upgrade the Rybnik station, which will now support a fleet of more than 30 hydrogen-powered buses in southern Poland.
European and Iranian foreign ministers meet in New York to try to prevent the reinstatement of UN sanctions linked to Tehran’s nuclear programme.

First Light Fusion unveils a reactor pathway to a gain of 1,000

First Light Fusion presents FLARE, an inertial fusion concept targeting a gain of 1,000, with development costs said to be well below current benchmarks thanks to existing technologies and a deployment model based on partnerships.
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The US president has called for an immediate end to Russian oil imports by NATO countries, denouncing a strategic contradiction as sanctions against Moscow are being considered.
International Petroleum Corporation repurchased 59,454 common shares between 15 and 19 September, under its ongoing share buyback programme compliant with Canadian and European regulations.

Iran withdraws nuclear resolution under US financial pressure

Tehran withdrew a resolution denouncing attacks on its nuclear facilities, citing US pressure on IAEA members who feared suspension of Washington’s voluntary contributions.
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Talks between Iran and the E3 group have not succeeded, leaving the return of economic sanctions looming, which could heavily affect Iran’s oil sector.
The Norwegian operator plans to install a third turbine to capture part of today’s bypassed floodwater without changing the flow on the salmon stretch; commissioning would be at the earliest in 2030. —

Statkraft sells a 150 MW hydropower project in India to JSW Energy

Norway’s Statkraft continues its exit from the Indian market with the sale of its Tidong hydropower project to JSW Energy, which strengthens its asset portfolio in Himachal Pradesh.
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French manufacturer HRS will supply Element 2 with a mobile HRX14 hydrogen station for Glasgow, marking its fourth installation in the UK and strengthening its position in the British market.
The sale of ODIN™ technology to Cambridge Atom Works allows NANO Nuclear to refocus on its modular gas reactor portfolio while capitalising on potential royalty revenue.