Slovakia

Vistra acquires Cogentrix for $4.7bn from Quantum Capital Group

Quantum Capital Group sells nearly 90% of Cogentrix assets to Vistra for $4.7bn, marking a strategic repositioning of gas-fired assets in the United States.

Plains All American increases quarterly distributions by 10% ahead of annual earnings

Plains All American Pipeline and Plains GP Holdings announce a 10% increase in quarterly distributions ahead of their fourth quarter 2025 financial results release.

Global oversupply drove Brent crude down to $63 in December 2025

Brent crude fell to its lowest level since 2021, as persistent oversupply throughout 2025 weighed on prices despite isolated geopolitical tensions and China’s strategic stockpiling.
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Eni and Repsol struggle to recover $6bn in receivables from Venezuela

Eni and Repsol are facing difficulties recovering payments for gas deliveries to Venezuela, with an outstanding balance of $6bn and no clear engagement from U.S. authorities on the matter.

India’s Russian oil imports drop in January as Reliance expects no deliveries

India’s crude imports from Russia could hit an eighteen-month low as Reliance Industries anticipates no shipments in January due to logistical and commercial disruptions.

Orano secures USD900mn for uranium enrichment plant in the United States

French group Orano receives USD900mn in public support to establish a new uranium enrichment facility in Tennessee, as part of a broader US nuclear sector revival plan.
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Kursk II reactor starts at 240 MW, marking gradual power increase

Russia has connected its first 1,250 MW VVER-TOI reactor at the Kursk II nuclear power plant to the grid, signalling a key step toward full commissioning by 2034.

Chevron starts South N’dola in Angola to boost its offshore assets

Chevron has launched production at the South N’dola field in Block 0 offshore Angola, leveraging existing infrastructure to support its investment strategy in offshore hydrocarbons.

UK withdrawal weakens financing structure of Mozambique LNG project

The UK's $1.15bn funding withdrawal exposes the Mozambique LNG project to international political reversals, highlighting structural risks for large African energy projects reliant on foreign backers.
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US ties oil debt repayment to majors’ large-scale reinvestment in Venezuela

The United States is pressing major American oil firms to commit significant capital in Venezuela to recover billions lost during the expropriations of the 2000s.

China expands presence in Venezuelan oil despite US sanctions

Beijing maintains investments and crude imports from Venezuela, while several Chinese state-owned and private companies seek to secure stakes in Caracas' reserves.

Empire Offshore Wind files lawsuit to lift federal suspension on wind project

Empire Offshore Wind has filed a lawsuit against the federal order halting its wind farm construction, citing potential serious impacts on its financial and operational commitments in the United States.
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Dominion’s offshore wind project suspended for 90 days by US Interior Department

Construction of the Coastal Virginia Offshore Wind farm, led by Dominion Energy, has been halted for three months by a federal decision, threatening a key energy project for US military and technological infrastructure.

Technip Energies secures strategic order for Commonwealth LNG gas project

Technip Energies has received a key order linked to the Commonwealth LNG project in the United States, marking a decisive step ahead of the final investment decision expected in early 2026.

Belgrade hopes for swift Russia-Hungary deal to unlock NIS’s future

Serbia is aiming for a quick agreement between Gazprom and Hungarian group MOL on the sale of Russian-held NIS shares, key to restarting its only refinery shut down by US sanctions.
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Ørsted sues Trump administration over suspension of Revolution Wind project

Danish group Ørsted has filed a lawsuit in federal court in Washington to contest the suspension of its 704 MW offshore wind project off New England.

SMRs drive private partnerships in American nuclear and clean fuels

A memorandum of understanding between four companies opens the way for industrial development around compact nuclear reactors, integrating hydrogen production, synthetic fuels, and digital infrastructure.

Venezuela: From Oil Embargo to Maduro’s Capture, Chronicle of an American Escalation

Washington has crossed a historic threshold by capturing Nicolas Maduro after years of sanctions and embargo. A look back at two decades of tensions and their implications for the global oil market.
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Technip Energies completes acquisition of Ecovyst’s catalysts business for $530mn

Ecovyst has divested its Advanced Materials & Catalysts segment to Technip Energies, generating $530mn in net proceeds and reducing debt while refocusing on strategic priorities.

Baker Hughes finalises joint venture with Cactus for $344.5 million

Baker Hughes has completed the transfer of its surface pressure control business to Cactus in a majority joint venture, receiving $344.5 million to strengthen its liquidity and realign its industrial portfolio.

California Resources finalises asset transfer with Berry Corporation for $253mn

California Resources Corporation completed an all-stock asset transfer with Berry Corporation, strengthening its oil portfolio in California and adding strategic exposure in the Uinta Basin.

Gevo receives “A” rating for North Dakota site from BeZero Carbon

Gevo receives high-quality assessment for its carbon capture credits in North Dakota, strengthening the commercial value of its certificates in the voluntary carbon markets.

esVolta transfers Black Walnut project tax credit to Computacenter

esVolta finalises investment tax credit transfer for its Black Walnut storage project to Computacenter, marking a first-of-its-kind operation within its California energy portfolio.
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TOPCon 4.0 vs HJT: the financial trade-off in the solar sector in 2026

As the photovoltaic industry enters a phase of deep restructuring, the duel between TOPCon 4.0 and heterojunction technologies is redefining manufacturers’ margins. In 2026, reducing production costs becomes the primary strategic lever for global market leaders.

JA Solar and Trinasolar Lead a Global Solar Market in Crisis

JA Solar and Trinasolar top Wood Mackenzie’s latest semiannual ranking despite a sector-wide net loss of $2.2 billion. Industrial leaders are strengthening their grip on global photovoltaic module supply through rigorous financial discipline.

Peregrine launches 500 MWh storage project near Dallas with Wärtsilä and WHC

Peregrine Energy Solutions has begun construction on a 500 MWh storage project in Texas, relying on Wärtsilä's technology and WHC's engineering expertise to enhance ERCOT grid flexibility.
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Israel seals a €30 billion gas contract with Egypt

An agreement announced on December 17, 2025 provides for twenty years of deliveries through 2040. The package amounts to 112 billion new Israeli shekels (Israeli shekels) (NIS), with flows intended to support Egyptian gas supply and Israeli public revenues.

Meg O’Neill takes over BP to refocus the group on hydrocarbons

British company BP appoints Meg O'Neill as CEO to lead its strategic refocus on fossil fuels, following the abandonment of its climate ambitions and the early departure of Murray Auchincloss.

Venezuelan oil: Caracas maintains exports despite US naval blockade

The Venezuelan national oil company has confirmed the continuity of its crude exports, as the United States enforces a maritime blockade targeting sanctioned vessels operating around the country.
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Baker Hughes signs multi-year contract to equip Kuwait’s oilfields

Baker Hughes will supply advanced artificial lift systems to Kuwait Oil Company to enhance production through integrated digital technologies.

Future Fund Oman engage $1.2bn pour accélérer 141 projets énergétiques et industriels

Le fonds souverain omanais a validé 141 projets en 2025 pour un engagement total de $1.2bn, visant à renforcer l’indépendance énergétique et l’industrialisation nationale à travers un programme d’investissement de $5.2bn.

Holtec and MVM join forces to deploy small nuclear reactors in Hungary

US-based Holtec has signed a memorandum of understanding with Hungary’s energy group MVM to assess the deployment of its SMR-300 technology, strengthening bilateral nuclear cooperation and opening prospects for a new market in Central Europe.
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Radiant raises $300mn to industrialise its micro nuclear reactors in the United States

California-based startup Radiant has secured $300mn to build its first factory in Tennessee and prepare for the mass production of miniature nuclear reactors for off-grid applications.

T1 Energy launches construction of 2.1GW solar cell plant in Texas

T1 Energy has begun construction of a solar cell facility in Milam County, Texas, representing an investment of up to $425mn, aimed at strengthening U.S. industrial autonomy in the photovoltaic supply chain.

Sawgrass LNG marks eight years of liquefied natural gas deliveries to The Bahamas

U.S.-based Sawgrass LNG & Power celebrates eight consecutive years of LNG exports to The Bahamas, reinforcing its position in regional energy trade.
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Terra Innovatum accelerates licensing process for its SOLO™ reactor with the NRC

Terra Innovatum has increased its interactions with the Nuclear Regulatory Commission to advance licensing of its SOLO™ micro-modular reactor, despite the partial shutdown of the US federal government.

Clinton and Dresden nuclear reactors granted 20-year licence extensions

The US nuclear regulator has extended the operating licences of three Illinois reactors by 20 years, strengthening Constellation's long-term industrial outlook for the Clinton and Dresden sites.

Pivot Energy secures $225mn to develop 60 new community solar projects

Pivot Energy has secured $225mn in funding from three banking partners to support a portfolio of 60 community solar power plants across nine US states.
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Oklo secures key approval for upcoming nuclear fuel facility

The accelerated approval of the Aurora facility’s nuclear safety plan marks a strategic milestone in rebuilding a domestic nuclear fuel production line in the United States.

Natural Gas Services raises 2025 guidance after 14.6% increase in adjusted EBITDA

Natural Gas Services Group reported a strong third quarter, supported by fleet expansion and rising demand, leading to an upward revision of its full-year earnings outlook.