Russia

Duke Energy files permit request for nuclear project in North Carolina

Duke Energy has filed a permit application to assess the feasibility of a nuclear reactor in Stokes County on an existing power generation site, without committing to immediate construction.

Energy transition disrupts the financial balance of utilities in Asia-Pacific in 2026

With electricity demand accelerating, Asia-Pacific utilities must manage massive investment needs, volatile revenues and geopolitical tensions as the energy transition advances in a rapid but disorderly manner.

PowerBank completes key study for 2.1 MW solar project in New York State

PowerBank has completed a major regulatory step for its landfill-based solar installation, moving ahead with permitting for a 2.1 MW community project in upstate New York.
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Emmvee commissions 2.5 GW solar line and gains 6% on stock exchange

Indian solar module manufacturer Emmvee has commissioned a new 2.5 GW production unit in Karnataka, raising its total capacity to 10.3 GW and triggering a 6% rise in its share price on the BSE.

Storm in the Black Sea halts crude shipments at CPC terminal

Caspian Pipeline Consortium suspended loading and intake operations due to a storm and full storage capacity.

Russian gas exports to Europe fall to 18 bcm, lowest level since the 1970s

Pipeline natural gas deliveries from Russia to the European Union dropped by 44% in 2025, reaching their lowest level in five decades following the end of transit via Ukraine.
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Frontera signs $120mn crude oil deal with Chevron subsidiary

Frontera Energy has signed a crude supply deal worth up to $120mn with Chevron Products Company, including an initial $80mn prepayment and an option for additional funding.

Amplify Energy finalises Oklahoma asset sale for $92.5mn

Amplify Energy has completed the sale of its Oklahoma assets for $92.5mn, as part of its strategy to streamline its portfolio and optimise its financial structure.

NextNRG signs agreement with A123 Systems to secure US-manufactured batteries

NextNRG strengthens its domestic battery supply by signing a memorandum of understanding with A123 Systems, targeting the deployment of energy storage systems manufactured in the United States across its national project portfolio.
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Lithuania extends gas transit to Kaliningrad until 2030

Amber Grid has signed an agreement to maintain gas transit to Russia’s Kaliningrad exclave, with a daily capacity cap of 10.5 mn m³ until the end of 2030, under a framework regulated by the European Union.

Jindal signs 15-year contract to upgrade Hwange thermal power plant

Zimbabwe awards India’s Jindal Steel a $455mn contract to add 400 megawatts, or 20% of national demand, through the rehabilitation of its coal-fired Hwange plant.

SECI launches tender for power trading platform with five-year maintenance support

India’s public sector SECI seeks to outsource the design and management of an energy trading software platform, including technical support and human resources for five years at its New Delhi headquarters.
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India launches tender for 1 GW of renewable power with battery storage

The Solar Energy Corporation of India has opened a tender to purchase 1 GW of excess electricity from projects connected to the interstate grid, combined with battery storage systems.

LG Energy Solution cancels $2.7bn deal with Freudenberg Battery Power

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.

Russia provides $9bn for Turkey’s Akkuyu nuclear power plant

Ankara confirmed new Russian funding for the Akkuyu project, Turkey’s first nuclear site, strengthening its energy ties with Moscow and advancing its domestic nuclear ambitions.
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Woodside signs nine-year LNG supply deal with Turkish company BOTAŞ

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.

Nigerien junta rejects French accusations over uranium disappearance

Niger’s military regime disputes theft allegations by French prosecutors after uranium stock vanished from a nationalised site previously operated by Orano.

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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Sembcorp completes acquisition of 300 MW solar plant in India

Sembcorp Industries has completed the purchase of ReNew Sun Bright, strengthening its solar presence in India with a 300 MW project located in Rajasthan.

Stardust Power raises $15mn to launch its lithium refinery in Oklahoma

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.

Karachaganak cuts production after drone strike on Russian gas facility

Kazakhstan’s Karachaganak gas field has reduced output by nearly one-third following an incident at a key Russian gas processing plant targeted by a Ukrainian drone strike.

Russia delivers 105,000 tons of crude to new Kulevi refinery

Russian company Russneft has shipped its first oil cargo to Georgia’s newly launched Kulevi refinery, despite the absence of formal diplomatic ties between Moscow and Tbilisi.

JERA Nex BP exits Beacon Wind project amid US market uncertainty

The joint venture between BP and JERA ends its offshore wind ambitions in the United States, citing an unfavourable economic and regulatory environment for continuing the development of the Beacon Wind project.
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SMFL Mirai Partners to acquire 5MW of low-voltage solar from GreenEnergy Plus by 2026

SMFL Mirai Partners commits to purchasing fifty low-voltage solar plants from GreenEnergy Plus, targeting 50MW installed capacity by fiscal 2030 to strengthen its supply strategy for private power purchase agreements.

National Fuel acquires CenterPoint’s Ohio gas assets for $2.62bn

National Fuel Gas Company acquires CenterPoint Energy’s natural gas distribution business in Ohio, doubling the size of its regulated portfolio and expanding its footprint in the US Midwest.

PermRock Royalty Trust maintains $384,000 distribution despite price pressure

PermRock Royalty Trust announces a $384,018 distribution to its unitholders, supported by higher production volumes despite a significant drop in oil prices and increased operating expenses.
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Recurrent Energy secures $825mn financing for two Arizona energy projects

Recurrent Energy, a subsidiary of Canadian Solar, secured $825mn to develop a 150 MWac solar plant and a 600 MWh storage site in Maricopa County, in partnership with Arizona Public Service.

Bimergen Energy appoints two co-CEOs to lead energy storage expansion

US-based battery storage developer Bimergen Energy has appointed Cole Johnson and Robert Brilon as co-CEOs to execute a large-scale industrial plan backed by $250 mn in recent funding.

Arcwood Environmental strengthens its industrial presence with the acquisition of ERG Environmental

The acquisition of U.S.-based ERG Environmental enables Arcwood to expand its footprint in the Great Lakes region and broaden its services to industrial and municipal sectors.
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North American LNG export capacity to reach 28.7 Bcf/d by 2029

The United States, Canada and Mexico together plan a 151% increase in liquefied natural gas export capacity, representing more than half of expected global additions by 2029.

Trump reignites regulatory debate over oil in California

In Taft, a historic stronghold of black gold, Donald Trump's return to the presidency reopens the issue of California's restrictions on oil production and fuels renewed optimism among industry stakeholders.

EU approves ban on Russian gas imports by end of 2027

European Union member states have approved the principle of a full ban on Russian natural gas imports, set to take effect by the end of 2027.
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Vantage Drilling cancels a $80m contract after a major regulatory shift

Vantage Drilling halted a 260-day drilling contract for the vessel Platinum Explorer following a rapid evolution of international sanctions regimes that made the campaign non-compliant with the applicable legal framework shortly after it was signed.

The United States keeps 50% duties if India buys Russian crude

Washington ties the removal of additional duties to a verifiable decline in India’s imports of Russian crude, while New Delhi cites already-committed orders and supply stability for the domestic market.

China cuts its oil surplus to 570,000 barrels per day and prepares a cycle of strategic purchases

The decline in imports and the rise in refining in September reduced China’s crude surplus to its lowest in eight months, opening the way for tactical buying as Brent slips below 61 dollars.
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CMA CGM orders six LNG container ships from India’s Cochin Shipyard

CMA CGM becomes the first international container shipping company to commission LNG-powered ships from an Indian shipyard, all to be registered under the Indian flag.

Sun Village connects its first BESS unit and strengthens partnership with Marubeni

Japanese company Sun Village has connected its first energy storage facility to the grid and formalised a strategic partnership with Marubeni Power Retail to operate the asset on electricity markets.

FairWind acquires Cosmic Group to strengthen wind energy presence in Asia-Pacific

The acquisition of Cosmic Group by FairWind consolidates its position in Australia and marks a strategic expansion into New Zealand and Japan.
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SM Energy secures $3bn borrowing base with unanimous lender approval

Texas-based SM Energy gains full support from its banking syndicate, maintaining a $3bn borrowing base and easing short-term debt maturity terms.

PowerBank launches 1.76 MW solar project in New York State

PowerBank has signed a lease for a 1.76 MW ground-mounted solar project in upstate New York, aiming to power around 200 homes through a community-based programme.