Portugal

Videberg Kraft AB becomes the first company to request government support to build two new reactors at the Ringhals site, under the national nuclear investment framework adopted in 2025.
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.

US oil blockade on Venezuela disrupts maritime shipments

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.
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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.
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.

Nexans sells Autoelectric to Motherson for €207mn, completing its strategic shift

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.
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Swedish group Orrön Energy is selling a portfolio of development-stage solar projects to Gülermak for up to €14mn, including an initial €0.7mn payment and additional milestone-based consideration.
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.

European Energy triples electrolysis capacity at Måde with new 8.1 MW equipment

European Energy increases the capacity of its Måde Power-to-X site to 8.1 MW, with a new electrolyser in service and ongoing tests for commercial production in 2026.
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China's electricity market overhaul improves the profitability of energy storage, supporting a rapid increase in battery exports as global demand rises with data centres and power grids.
T1 Energy will supply Treaty Oak with 900MW of solar modules over three years, leveraging domestically produced cells from Austin to meet increasing regulatory requirements.

Baker Hughes to supply six LM9000 turbines for Commonwealth LNG terminal

Baker Hughes will deliver six gas refrigeration trains for Commonwealth LNG’s 9.5 mtpa export project in Louisiana, under a contract with Technip Energies.
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Trump Media & Technology Group and TAE Technologies unite in a transaction valued at USD6 billion to launch one of the first publicly traded companies focused on fusion energy.
Caracas says Iran has offered reinforced cooperation after the interception of two ships carrying Venezuelan crude, amid escalating tensions with the United States.

Washington seizes second Venezuela-linked oil tanker in the Caribbean

US authorities intercepted a second oil tanker carrying Venezuelan crude, escalating pressure on Caracas amid accusations of trafficking and tensions over sanctioned oil exports.
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Facing a rapid increase in demand across industrial corridors, the Kenyan government is restructuring its power grid to accelerate connections, reduce technical losses and integrate new digital tools.
UK-based manufacturer Awendio Solaris plans to build a 2.5 GW solar industrial platform, expandable to 5 GW, in Quebec, targeting North American markets with a 100% regional supply chain.

Zefiro completes $1.5mn gas project in Pennsylvania and prepares $5mn operation in Louisiana

Zefiro Methane, through its subsidiary Plants & Goodwin, completes an energy conversion project in Pennsylvania and plans a new well decommissioning operation in Louisiana, expanding its presence to eight US states.
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RWE signed a 15-year power purchase agreement with Indiana Michigan Power for the Prairie Creek project, aimed at supporting Indiana’s growing electricity demand starting in 2028.
US-based Armada has signed a memorandum of understanding with the Department of Energy to participate in the Genesis Mission, aimed at accelerating scientific research and reinforcing national energy and technology sovereignty.
Dominion Energy reported net income of $1.0bn in Q3 2025, supported by solid operational performance and a revised annual outlook.
US-based CPV will build a 1,350 MW combined-cycle natural gas power plant in the Permian Basin with a $1.1bn loan from the Texas Energy Fund.

Zelestra secures $60mn tax equity financing for Jasper solar power plant

Zelestra has closed a $60mn tax equity deal with Stonehenge Capital to support its 81 MW solar project in Indiana, set to become operational in Q4 2025.
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Producers bring volumes back after targeted reductions, taking advantage of a less discounted basis, expanding outbound capacity and rising seasonal demand, while liquefied natural gas (LNG) exports absorb surplus and support regional differentials.
Plug Power has signed a supply agreement with Allied Biofuels to equip a sustainable fuel production site in Uzbekistan, bringing total contracted capacity with Allied partners to 5 GW.

Matador secures transport for 500,000 MMBtu/d of natural gas to the Gulf Coast

Matador Resources signs multiple strategic transportation agreements to reduce exposure to the Waha Hub and access Gulf Coast and California markets.
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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.
Meeting in Canada, G7 energy ministers unveiled a series of projects aimed at securing supply chains for critical minerals, in response to China’s restrictions on rare earth exports.

Washington invests $100mn to modernise coal plants as exports drop 11%

US coal exports fell 11% in the first half of 2025, prompting the Trump administration to commit $100mn to upgrade domestic power plants and support the national energy sector.
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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.
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.

Schneider Electric maintains targets despite €466mn currency impact

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).
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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.
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.