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.

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.
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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.

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.
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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.

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.
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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.

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.
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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.

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.

Talen Energy raises $1.2bn to finance two gas-fired power plants in the United States

Talen Energy secures $1.2bn term financing and increases two credit facilities to support the acquisition of two natural gas power plants with a combined capacity of 2,881 MW.

Shell warns of economic impact from halted offshore wind projects in the United States

Shell U.S. president stated that cancelling fully permitted wind projects severely undermines investor confidence in the energy sector.

Tesla prepares to launch a new electric model on October 7

Tesla has announced an event scheduled for October 7, hinting at the arrival of a more affordable vehicle amid a limited product refresh and growing competition in the electric vehicle segment.
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Solar and storage equipment prices to rise 9% from Q4 2025

The end of China's VAT rebate and reduced output bring an end to eighteen months of historically low prices in solar and storage sectors.

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.

Ukrainian strike cuts power to 5,400 homes in Belgorod region

A night-time attack on Belgorod’s power grid left thousands without electricity, according to Russian local authorities, despite partial service restoration the following morning.
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Opec+ raises production by 137,000 barrels per day in November

Opec+ slightly adjusts its quotas for November, continuing its market share recovery strategy amid stagnant global demand and a pressured market.

Beijing transfers up to $8.4bn to Iran through parallel oil network

China has established a clandestine oil-for-projects barter system to circumvent US sanctions and support Iran’s embargoed economy, according to an exclusive Wall Street Journal investigation.

Shizen Energy secures 100MW in solar contracts with Microsoft in Japan

The Japanese developer has reached a total of 100MW in solar capacity under power purchase agreements with Microsoft, spread across four projects in the country, two of which are already operational.
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Duke Energy plans new 1,117 MW nuclear reactor by 2037

Duke Energy adds a large nuclear reactor project to its 2025 plan for the Carolinas, anticipating electricity demand more than twice previous forecasts.

Nightpeak Energy commissions 150 MW battery to support Texas grid

Nightpeak Energy has launched commercial operations of Bocanova Power, a 150 MW battery storage facility near Houston, to meet rapidly growing energy demand in Texas.

North Atlantic takes key step toward acquiring Esso S.A.F.

North Atlantic and ExxonMobil have signed an agreement for the sale of ExxonMobil’s stake in Esso S.A.F., a transaction subject to regulatory approvals and financing agreements to be finalised by the end of 2025.
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Terra Innovatum signs two strategic agreements to accelerate deployment of its modular reactor

Italian company Terra Innovatum is advancing the commercialisation of its SOLO micro-reactor, with two new partnerships and $42.5mn in funding as part of a merger with a listed company.

Thailand and Japan boost US crude imports amid geopolitical tensions

Faced with risks to Middle Eastern supply chains, Thai and Japanese refiners are turning to US crude, backed by tariff incentives and strategies aligned with ongoing bilateral trade discussions.

Energy Fuels raises $700mn through convertible notes to support project expansion

Energy Fuels has completed a $700mn fundraising through 0.75% convertible notes, aimed at supporting its rare earth and uranium projects.
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Baker Hughes to supply key liquefaction equipment for Port Arthur LNG Phase 2

Baker Hughes has secured a contract from Bechtel to provide gas turbines and compressors for the second phase of Sempra Infrastructure’s LNG export project in Texas.

CPP Investments injects $1 billion into AlphaGen to support AI-driven energy growth

The Canadian pension fund takes a strategic minority stake in AlphaGen, a 11 GW U.S. power portfolio, to address rising electricity demand from data centres and artificial intelligence.

Federal shutdown threatens permit delays and energy projects in the United States

The halt of US federal services disrupts the entire decision-making chain for energy and mining projects, with growing risks of administrative delays and missing critical data.
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Targa invests $1.6bn in NGL pipeline between Permian and Mont Belvieu

Targa Resources will build a 500,000 barrels-per-day pipeline in the Permian Basin to connect its assets to Mont Belvieu, strengthening its logistics network with commissioning scheduled for the third quarter of 2027.

Washington pushes higher biodiesel quotas to support soybean producers

A bipartisan group of 47 lawmakers is calling on the US Environmental Protection Agency to maintain high biodiesel quotas to support local agriculture affected by falling exports to China.