Netherlands

Shell launches a large debt exchange offer for $8.4 billion of dollar-denominated bonds

Shell restructures six series of bonds through an exchange offer, migrating them to its U.S. subsidiary to optimize its capital structure and align its debt with its U.S. operations.

Eneco Acquires Prowind’s Wind Project Development Business in the Netherlands

Eneco takes over Prowind’s wind project development business in the Netherlands, adding 260 MW to its portfolio. Prowind refocuses on the German market, where demand is growing rapidly.

EU bans Russian LNG, Arctic bottlenecks and clauses under strain

The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity. —
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Vattenfall raises operating profit to SEK21.47mn amid nuclear repositioning

Swedish group Vattenfall improves its underlying operating result despite the end of exceptional effects, supported by nuclear and trading activities, in a context of strategic adjustment on European markets.

Shell posts higher quarterly profit and launches $3.5bn share buyback

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.

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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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.

Kenya Airways deploys a 50% SAF flight to secure a regional hub

The carrier uses mass balance and Book & Claim allocation to test demand, structure certified revenues, and prepare domestic capacity targeted for 2026 amid already intensifying regional competition.

European Union faces 21.5 mtpa shortfall on carbon storage targets

A Wood Mackenzie study reveals that the EU’s carbon storage capacity will fall more than 40% short of the 2030 targets set under the Net Zero Industry Act.
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The Netherlands plans to extend Borssele and creates legal framework for new reactors

The Dutch government is initiating legislative reform to extend the Borssele nuclear plant until 2054 and has formalised the creation of a public entity to develop two new reactors.

Russia definitively ordered to pay $50bn to former Yukos shareholders

The Dutch Supreme Court has rejected Russia's final appeal, confirming a record $50bn compensation to former Yukos shareholders, ending two decades of legal battle.

European airlines pressure Brussels over shortage of sustainable fuels

Airlines for Europe warns of insufficient sustainable fuel production in Europe and requests a delay in regulatory obligations if the European Commission does not act swiftly.
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Europe’s gas: summer storage sets a floor under TTF

European inventories curbed price declines as liquefied natural gas (LNG) supply expands and demand stays weak. Cargo arbitrage favours Europe, but winter will determine the equilibrium level. —

Google signs wind energy deal with Eneco for its Belgian data centre

Google has signed a power purchase agreement with Eneco to supply its Belgian data centre with wind energy from three wind farms totalling 54 MW.

Spanish solar producers warn of impact from negative electricity prices

Spanish solar energy producers have recorded 693 hours of zero or negative prices since January, already matching the total for the previous year, raising concerns about the sector’s profitability and market stability.
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Tenaz Energy acquires strategic North Sea gas assets for $339mn

Tenaz Energy finalised the purchase of stakes in the GEMS project between Dutch and German waters, aiming to boost production to 7,000 boe/d by 2026.

Wood Mackenzie: the UK can double North Sea reserves without breaching climate limits

An analysis by Wood Mackenzie shows that expanding UK oil and gas production would reduce costs and emissions while remaining within international climate targets.

Dutch parliament approves RED III, reassuring biofuels market participants

The Netherlands' lower house voted to adopt RED III, including technical amendments, paving the way for timely transposition by January 1, 2026, in line with EU commitments.
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Kandla launches green methanol project to capture flows between Singapore and Rotterdam

Kandla port plans a 150,000-ton-per-year integrated renewable methanol unit, targeting the growing fleet of compliant vessels on the Singapore-Rotterdam maritime route.

RWE completes foundation installation at Thor offshore wind farm

RWE has finalised the installation of all 72 monopiles at the 1.1 GW Thor offshore wind farm off the Danish coast, marking a key milestone ahead of secondary structure and turbine installation scheduled for 2026.

SBM Offshore sells FPSO Cidade de Paraty in $400 million leaseback deal

SBM Offshore finalises a non-recourse leaseback agreement worth $400 million for FPSO Cidade de Paraty, transferring ownership to a consortium of Chinese lessors for an eight-year period.

HSM Offshore Energy secures EPCIC contract for East Anglia TWO

ScottishPower Renewables awards HSM Offshore Energy the design and construction of the offshore substation and its foundation for the East Anglia TWO wind farm off the Suffolk coast.

TSG strengthens its European network with two acquisitions in solar and electrical sectors

TSG has completed the acquisition of Leirivolt in Portugal and Kronenburg Techniek in the Netherlands, consolidating its expansion strategy in intelligent energy services across Europe.
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Octopus Energy acquires 10% stake in East Anglia One offshore wind farm from Macquarie

Octopus Energy has acquired a 10% stake in the East Anglia One offshore wind farm, expanding its European portfolio and surpassing $2 billion in offshore wind investments.

Four operators to merge access to 11,000 fast-charging stations across Europe

Ionity, Fastned, Electra and Atlante will launch a joint platform this summer allowing drivers to access their fast-charging networks across 25 countries without additional formalities.

Milieudefensie takes legal action against ING over carbon emissions

Dutch organisation Milieudefensie is suing ING for its alleged role in financing fossil fuel projects, demanding the bank halve its CO2 emissions by 2030.
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TotalEnergies supports Mozambican investigation into alleged crimes near gas site

TotalEnergies welcomed the launch of a criminal investigation in Mozambique into allegations of crimes committed by security forces near its suspended gas project in Cabo Delgado province.

Shell selects McDermott for three-year global framework agreement in engineering

Shell Global Solutions International B.V. has awarded McDermott a three-year framework agreement for engineering, procurement and project management services across several strategic markets.

Grid bottlenecks slow energy security efforts in the Netherlands

The surge in solar production and the slow upgrade of electricity infrastructure are blocking thousands of projects in the Netherlands, affecting energy security and consumer costs.
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NRG-Pallas Selected to Test Fuel for Kairos Power’s Modular Reactor

NRG-Pallas will conduct irradiation tests necessary for qualifying materials and fuel of Kairos Power's modular reactor, a critical prerequisite for regulatory approval in the United States.

Quebec and the Netherlands sign strategic agreement on critical minerals

Quebec has signed a letter of intent with the Netherlands to strengthen their cooperation on critical and strategic minerals, aiming to diversify markets and attract new investments.

European gas prices drop due to hopes for a ceasefire in Ukraine and improving stock levels

European gas prices reach their lowest level in two months, supported by progress in Ukraine negotiations and slight improvement in gas reserves. The Dutch TTF futures contract falls 3.37% to €42.80.
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Air Liquide records a net profit of €3.31 billion in 2024 #

Air Liquide has announced a 7.4% increase in its net profit for 2024, reaching €3.31 billion. Despite a 2% decline in revenue, the group is relying on improved operating margins and strategic investments to strengthen its market growth. #

Lion Storage secures permit for 1.5 GWh battery storage project in the Netherlands

Dutch developer Lion Storage has obtained an irrevocable building permit for its Mufasa battery storage project, with a capacity of 1457 MWh. Located in the Vlissingen port, this project will become one of the largest in the country.

TotalEnergies and Air Liquide invest one billion euros in hydrogen in the Netherlands

TotalEnergies and Air Liquide are strengthening their partnership in hydrogen in the Netherlands with the construction of two large-capacity electrolyzers. The investment exceeds one billion euros and aims to supply petrochemical platforms with decarbonized hydrogen.
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JORD Group invests in SwitcH2 to finalize a 300 MW offshore project

JORD Group strengthens its presence in the alternative energy industry by becoming a shareholder in SwitcH2 BV. This investment aims to complete the design of a 300 MW offshore green ammonia production project, supported by strategic industrial partners.

SSE Renewables and APG Advance on 2GW IJmuiden Ver Alpha Connection

SSE Renewables, APB/APG, and TenneT have signed a realization agreement for the connection of the IJmuiden Ver Alpha offshore wind farm in the Netherlands. This 2GW project marks a major step in the Dutch high-voltage grid and is expected to be operational by 2029.

Aker Carbon Capture and SLB Capturi Finalize a Modular Carbon Capture Plant in the Netherlands

SLB Capturi has completed the commissioning of its first modular carbon capture plant, marking a key milestone for Aker Carbon Capture in the industrial decarbonization sector.
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Saudi Arabia awards NEM Energy a contract for a 1.3-gigawatt power plant

NEM Energy will supply heat recovery steam generators for a 1.3-gigawatt power plant in Saudi Arabia, expected to enhance the national energy efficiency by 2028.

The Netherlands plans 70 GW of offshore wind energy with the IEA

The International Energy Agency highlights the Netherlands' ambitions to increase offshore wind capacity while addressing challenges to secure their energy transition.