Mexico

LG Energy Solution terminated a KRW3.9tr agreement with Freudenberg Battery Power System amid the US electric vehicle market’s decline and its partner’s strategic withdrawal.
Australian producer Woodside has signed a binding agreement with Turkish state-owned company BOTAŞ for the delivery of 5.8 billion cubic metres of LNG starting in 2030.

Second natural hydrogen exploration permit granted to TBH2 Aquitaine

The French government has issued an exclusive mining exploration permit to TBH2 Aquitaine to explore natural hydrogen in the Pyrénées-Atlantiques, bringing the young company’s total number of authorisations to two.
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Niger’s military regime disputes theft allegations by French prosecutors after uranium stock vanished from a nationalised site previously operated by Orano.
After ten years of transition, the Provence thermal power plant now runs on biomass, but its economic model and forest impact continue to raise serious concerns.

BayWa r.e. sells 2.2 GW of projects and prepares for independence by 2028

BayWa r.e. continues its strategic transformation with the sale of 2.2 GW of projects, a withdrawal from Asian markets, internal reorganisation, and a rebranding planned for 2026.
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Stardust Power has secured $15mn in convertible financing to support early-stage construction of its lithium carbonate production site in Muskogee, marking progress toward an industrial-scale strategic metals facility.
CB&I acquires Petrofac's Asset Solutions division, targeting revenue diversification and geographic expansion, with nearly 3,000 new employees expected to join the group.

Condor raises $13.65mn to accelerate gas drilling programme in Uzbekistan

Condor Energies has completed a $13.65mn private financing to deploy a second drilling rig and intensify a 12-well gas programme in Uzbekistan scheduled for 2026.
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Hurricane Ventures, the investment fund affiliated with the University of Tulsa, has invested in Tobe Energy, a startup developing a membrane-free electrolysis system to produce low-cost clean hydrogen at industrial scale.
A new pricing framework will apply from January 2026 in France, replacing the Arenh mechanism. The state says the reform will not lead to higher bills for most consumers.

Subsea7 secures strategic contract with LLOG for Buckskin South in the United States

Subsea7 has secured a subsea installation contract from LLOG for the Buckskin South project, scheduled for execution between 2026 and 2027, strengthening its position in the Gulf of Mexico and boosting its order book visibility.
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Interceptions of ships linked to Venezuelan oil are increasing, pushing shipowners to suspend operations as PDVSA struggles to recover from a cyberattack that disrupted its logistical systems.
The Trump administration has ordered the immediate halt of five major offshore wind construction sites in the Atlantic, citing national security threats and drawing mixed reactions from industry and political circles.

Global wind industry suffers historic downturn in 2025 despite Chinese resilience

Policy reversals, reduced performance and corporate disengagement marked an unprecedented slowdown in wind power in 2025, although China continued its expansion at a steady pace.
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French group Nexans initiates the sale of its Autoelectric subsidiary to India’s Motherson for €207mn ($227mn), marking its full exit from non-electrification activities.
Bourbon enters a new strategic phase following the arrival of Davidson Kempner and Fortress, who have become majority shareholders after a financial restructuring approved by the French courts.

Harbour Energy acquires LLOG Exploration for $3.2bn to boost reserves

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.
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The Ministry of the Economy forecasts stable regulated tariffs in 2026 and 2027 for 19.75 million households, despite the removal of the Arenh mechanism and the implementation of a new tariff framework.
The federation of the electricity sector proposes a comprehensive plan to reduce dependence on fossil fuels by replacing their use in transport, industry and housing with locally produced electricity.
Sofia temporarily restricts diesel and jet fuel exports to safeguard domestic supply following US sanctions targeting Lukoil, the country’s leading oil operator.
Ramaco Resources and the U.S. Department of Energy’s National Energy Technology Laboratory partner to develop extraction and processing technologies for rare earth elements from the Brook Mine in Wyoming.

AOGC Approves Final Integration of Smackover Lithium’s SWA Project 2028

The Arkansas Oil and Gas Commission validated integration of the Reynolds Brine Unit after unitizing 20,854 acres and adopting a 2.5% lithium royalty. The project targets 22,500 tonnes per year of battery-grade lithium carbonate from 2028 via a 55:45 joint venture.
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The US company reported adjusted earnings of $1.02bn between July and September, supported by the refining and chemicals segments despite a drop in net income due to exceptional charges.
energyRe secured $370mn in financing from several international banks to support the construction of a solar portfolio set to supply electricity to approximately 36,000 households.

Boardwalk launches key phase of its Texas Gateway gas project at 1.45mn Dth/d

Boardwalk Pipelines initiates a subscription campaign for its Texas Gateway project, aiming to transport 1.45mn Dth/d of natural gas to Louisiana in response to growing energy sector demand along the Gulf Coast.
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Star Charge Americas has signed a major service agreement with Beneficial Holdings to deploy over 32 GWh of battery energy storage systems in the United States and Puerto Rico, with a total value exceeding $3.2 billion.
Enedis plans a €250mn ($264mn) investment to strengthen Marseille’s electricity grid by 2030, including the full removal of paper-insulated cables and support for the port’s electrification.

Framatome to upgrade Tihange 3 reactor as part of Belgian extension plan

Electrabel has entrusted Framatome with upgrading the control system of the Tihange 3 reactor, reinforcing Belgium’s nuclear extension strategy launched in 2023.
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The British group’s net profit rose 24% in Q3 to $5.32bn, supporting a new share repurchase programme despite continued pressure on crude prices.
Joint venture Baltic Storage Platform has secured €85.6mn ($90.7mn) to build two energy storage systems in Estonia, forming one of continental Europe’s largest battery complexes.

TotalEnergies and Shell boost profits despite falling oil prices

Third-quarter results show strong resilience from European majors, supported by improved margins, increased production and extended share buyback programmes.
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Schneider Electric reaffirmed its annual targets after reporting 9% organic growth in Q3, driven by data centres and manufacturing, despite a negative currency effect of €466mn ($492mn).
The Italian industrial cable manufacturer posted revenue above €5bn in the third quarter, driven by high-voltage cable demand, and adjusted its 2025 guidance upward.

G7 launches an alliance to secure critical minerals outside China

Energy ministers coordinate investment and traceability to curb China’s dominance in mineral refining and stabilize supply chains vital to electronics, defense, and energy under a common G7 framework.
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The Thai group targets energy distributors and developers in the Philippines, as the national grid plans PHP900bn ($15.8bn) in investments for new transformer capacity.
Donald Trump announces an immediate reduction in tariffs on Chinese fentanyl-related imports from 20% to 10%, potentially impacting energy flows between Washington and Beijing.

Artificial intelligence fuels global energy crisis and derails climate targets

Electricity demand, amplified by the rise of artificial intelligence, exceeds forecasts and makes the 2050 net-zero target unattainable, according to new projections by consulting firm Wood Mackenzie.
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Scatec strengthened growth in the third quarter of 2025 with a significant debt reduction, a rising backlog and continued expansion in emerging markets.
The French industrial gas group issued bonds with an average rate below 3% to secure the strategic acquisition of DIG Airgas, its largest transaction in a decade.