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.

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.

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.
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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.

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.
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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.

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.

TPAO, MOL and ORLEN expand Libyan presence ahead of 2026 energy summit

Turkish, Hungarian and Polish national companies confirm participation in Tripoli's summit as Libya revives upstream investments and broadens licensing opportunities.
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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.

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.
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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.

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.
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CB&I acquires Petrofac’s Asset Solutions business to strengthen global growth

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.

Tobe Energy secures funding to scale up membrane-free electrolyser

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.
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Rosatom confirms HTGR fuel resilience under extreme temperature conditions

Rosatom successfully completed a series of tests on its high-temperature gas-cooled reactor fuel, validating its performance at up to 1,700 °C under prolonged irradiation conditions.

Port Inc. anticipates Japanese market reforms with profitable battery project by 2025

Port Inc. reports positive results from its battery storage pilot in Gunma, leveraging a regulatory window ahead of adjustment market reforms scheduled for fiscal year 2026.

Geronimo Power begins construction of 150 MW Bee Hollow solar park in Illinois

Geronimo Power has started construction on the Bee Hollow solar park in St. Clair County, a 150 MW project expected to generate $54mn in direct economic impact for the region.

IMF forecasts oil to fall to $68 in 2025 amid tariff-driven slowdown

The International Monetary Fund expects oil prices to weaken due to sluggish global demand growth and the impact of US trade policies.

Eversource records $75mn charge after revised offshore wind liabilities

Eversource Energy posts a one-time $75mn charge linked to unforeseen costs in the Revolution Wind project, while tightening its 2025 earnings forecast.
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US conservatives push legal shield for oil industry amid climate lawsuits

With lawsuits multiplying against oil majors, Republican lawmakers are seeking to establish federal immunity to block legal actions tied to environmental damage.

Greenflash acquires 200 MW storage project in Texas from Advanced Power

Greenflash Infrastructure has acquired a 200 MW standalone storage project in Texas, marking a strategic asset transfer aimed at reinforcing local grid reliability.

Radiant invests $280mn in a microreactor factory in Oak Ridge

California-based Radiant will build its first microreactor production facility in Oak Ridge, on a former Manhattan Project site, with production targeted at 50 units per year by 2028.
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UK sanctions Rosneft, Lukoil and 51 vessels linked to Russian oil exports

The United Kingdom targets two Russian oil majors, Asian ports and dozens of vessels in a new wave of sanctions aimed at disrupting Moscow's hydrocarbon exports.

Prisma Photonics raises $30mn to expand its optical fibre infrastructure monitoring platform

Israeli company Prisma Photonics has raised $30mn in a funding round led by Protego Ventures to develop its artificial intelligence-based detection system for power grids and critical infrastructure.

GTT, Bloom Energy and Ponant develop an onboard energy system using LNG and CO₂

GTT, Bloom Energy and Ponant Explorations Group launch a joint project to integrate LNG-powered fuel cells and a CO₂ capture system on a cruise ship scheduled for 2030.
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Brent under pressure: traders expect prices to fall towards $60

Major global oil traders anticipate a continued decline in Brent prices, citing the fading geopolitical premium and rising supply, particularly from non-OPEC producers.

Washington eases penalties on LNG exports tied to US ship rules

The US government has withdrawn its proposal to suspend liquefied natural gas export licences for failure to comply with maritime requirements, while maintaining a phased implementation schedule.

Brazil, India, Italy and Japan set regulatory target for sustainable fuels

Ahead of COP30, four major economies commit to regulating the increase in sustainable fuel production and consumption by 2035.
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Nippon Chikudenchi activates first grid-scale BESS in Kyushu and accelerates local partnerships

The Japanese developer has commissioned a storage unit in Karatsu and plans to deploy 80 facilities by the end of 2026, relying on agreements with local governments and industrial partners.

Paired Power and PHNXX launch plug-and-play mobile solar microgrid

The PairPHNXX system, designed for rapid deployment in areas without grid access, targets agricultural, military, and industrial markets with a turnkey modular technology.

Petro-Victory secures $300,000 loan with attached warrants

Canadian company Petro-Victory Energy Corp. has secured a $300,000 unsecured loan at a 14% annual rate, including 600,000 warrants granted to a lender connected to its board of directors.
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Brookfield commits $5 billion in strategic partnership with Bloom Energy for AI factories

Brookfield will invest up to $5 billion in Bloom Energy's fuel cells to power future artificial intelligence factories, initiating the first phase of a dedicated global digital infrastructure strategy.

Ascent Solar delivers flexible PV cells for marine and orbital testing

Ascent Solar Technologies has delivered samples of its flexible photovoltaic technology to two companies for testing in extreme environments, at sea and in space.

Nano Nuclear begins drilling work for its KRONOS MMR™ microreactor

Nano Nuclear and the University of Illinois will begin drilling operations for the KRONOS MMR™ reactor on October 24, marking a key step toward commercialisation of the nuclear project on the Urbana-Champaign campus.
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Geronimo Power launches $54mn, 150 MW solar construction project in Illinois

Geronimo Power has started construction of the Bee Hollow solar project, valued at $54mn, in St. Clair County, delivering jobs, tax revenue and a partnership with the IMEA municipal agency.

Calpine secures Texas Energy Fund loan for 460 MW peaking power plant

Calpine Corporation has finalised a public funding agreement to accelerate the construction of a peaking power plant in Freestone County, strengthening Texas’s grid response capacity during peak demand periods.