Slovakia

Terra Innovatum secures shareholder approval for $130mn merger deal

The merger between Terra Innovatum and GSR III Acquisition Corp. includes $130mn in proceeds aimed at supporting the industrial development of its SOLO™ micro-nuclear reactor.

CMSI opens final consultation on global consolidated mining standard

CMSI launches a public consultation until 17 November to finalise a common mining standard designed to simplify industrial requirements and strengthen global adoption.

NANO Nuclear raises $400mn in oversubscribed private placement to fund compact reactors

US nuclear technology firm NANO Nuclear Energy has secured $400mn through an oversubscribed private placement, raising its cash position to approximately $600mn to accelerate development of its KRONOS MMR™ microreactors.
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Plug Power raises $370mn and could reach $1.4bn with warrant transaction

Plug Power finalised a deal with an institutional investor to raise $370mn through the immediate exercise of warrants, with the possibility of securing an additional $1.4bn if new warrants are exercised.

Tailwater raises $1.1bn to strengthen Producers Midstream and support its expansion

Tailwater Capital secures $600mn in debt and $500mn in equity to recapitalise Producers Midstream II and support infrastructure development in the southern United States.

Air Liquide invests $50mn to expand its hydrogen network in Texas

Air Liquide announces a $50mn investment to strengthen its hydrogen network on the US Gulf Coast, following long-term contracts signed with two major American refiners.
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Brussels moves forward with plan to eliminate Russian oil and gas imports by 2028

Ambassadors of European Union member states have approved the transmission of a legislative proposal to phase out Russian fossil fuel imports by January 2028 to the Council of Ministers.

Russia formally exits bilateral nuclear agreement with the United States

The State Duma has approved Russia’s formal withdrawal from a treaty signed with the United States on the elimination of military-grade plutonium, ending over two decades of strategic nuclear cooperation.

Ineos cuts 60 jobs in the UK and calls for antidumping duties

Amid rising energy costs and a surge in cheap imports, Ineos announces a 20% workforce reduction at its Hull acetyls site and urges urgent action against foreign competition.
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Carbon capture and storage market to reach $6.6bn by 2034

Driven by the energy, heavy industry and power generation sectors, the global carbon capture and storage market could reach $6.6bn by 2034, supported by an annual growth rate of 5.8%.

The industrial gases market to reach $365.65bn by 2035 driven by hydrogen

Global demand for industrial gases will grow on the back of hydrogen expansion, carbon capture technologies, and advanced use in healthcare, electronics, and low-carbon fuel manufacturing.

McDermott signs strategic partnership with PETROFUND to train Namibia’s energy workforce

McDermott has signed a memorandum of understanding with PETROFUND to launch technical training programmes aimed at strengthening local skills in Namibia’s oil and gas sector.
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Mining mergers in Africa: groups strengthen their position on critical metals

Driven by growing demand for strategic metals, mining mergers and acquisitions in Africa are accelerating, consolidating local players while exposing them to a more complex legal and regulatory environment.

ExxonMobil returns to Iraq with deal on Majnoon oil field

ExxonMobil has signed a memorandum of understanding with the Iraqi government to develop the Majnoon oil field, marking its return to the country after a two-year absence.

Indonesia: Radioactive traces found in 22 industrial sites after US shrimp recall

Indonesian authorities identified traces of caesium-137 in 22 facilities near Jakarta following the recall of contaminated shrimp exported to the United States by a local producer.
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Oil rises 1.3% after limited OPEC+ output increase

Crude prices rose following the decision by the Organization of the Petroleum Exporting Countries and its allies to increase production only marginally in November, despite ongoing signs of oversupply.

Cenovus raises offer for MEG Energy to $29.80 per share with new mixed structure

Cenovus Energy modifies terms of its acquisition of MEG Energy by increasing the offer value and adjusting the cash-share split, while reporting record third-quarter results.

United States: Senate confirms two nominees, shifting FERC to Republican majority

The US Senate has confirmed two new commissioners to the Federal Energy Regulatory Commission, creating a Republican majority that could reshape the regulatory approach to national energy infrastructure.
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Global Nuclear Fuel to launch new GNF4 fuel in 2026

Global Nuclear Fuel, a GE Vernova-led alliance with Hitachi, plans the first use of its GNF4 boiling water reactor fuel in 2026, with full-scale production expected by 2030.

New Fortress Energy initiates commissioning of 624 MW CELBA 2 power plant in Brazil

New Fortress Energy has initiated the initial ignition of its 624 MW CELBA 2 power plant in Brazil, starting the commissioning phase ahead of commercial operations expected later this year.

TotalEnergies sells 50% of North American solar assets for $950 million

TotalEnergies will transfer half of a 1.4 gigawatt solar portfolio to KKR, strengthening its position in the North American power market while securing $950 million through the sale and bank refinancing.

BP approves Tiber-Guadalupe, $5 billion project in the Gulf of Mexico

BP commits $5 billion to Tiber-Guadalupe, with a floating platform targeting 80,000 barrels per day and first production in 2030, to increase its offshore volumes in the Gulf of Mexico.

Fortescue forges global industrial alliances to electrify its mining operations

Fortescue accelerates the decarbonisation of its operations by leveraging an international network of technology and industrial partners, targeting net zero at its mining sites by 2030.
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Global hydrogen production to reach $322.3bn by 2035, driven by industry demand

The global hydrogen production market is expected to more than double by 2035, supported by technological advances and growing demand from transport, heavy industry and decarbonised energy systems.

Baker Hughes secures major contract with Petrobras for 50 subsea systems

Baker Hughes will supply up to 50 subsea trees and associated equipment to Petrobras to support offshore production in Brazil, strengthening its role in the development of pre-salt fields.

Oilfield equipment market to reach $36.87bn by 2031 driven by global demand

Driven by rising global energy consumption and exploration investments, the oilfield service equipment market is expected to grow at a 5.39% CAGR to reach $36.87bn by 2031.
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US sanctions against NIS postponed by eight days, says Belgrade

US sanctions against Serbian oil company NIS, owned by Gazprom, were delayed by eight days after talks between Belgrade and Washington, President Aleksandar Vucic said.

TNC partners with Nucor to strengthen US nuclear supply chain by 2050

US-based TNC has entered into a strategic agreement with Nucor Corporation to expand gigawatt-scale nuclear capacity in line with federal targets of 400 GW by 2050.

ICE launches two new natural gas trading points with Trinity in Texas

Trinity Gas Storage partners with Intercontinental Exchange to open two new trading points at its Bethel site, strengthening East Texas’s strategic appeal in the U.S. gas market.
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X-energy confirms feasibility of high-temperature modular reactor in Alberta

A technical report backed by the Government of Alberta confirms the potential of the Xe-100 reactor to meet the province’s industrial and electrical energy needs.

U.S. oil drilling rebounds amid global tensions

The number of active drilling rigs in the United States rose for the fourth consecutive week, supported by higher crude prices and OPEC+’s difficulties in meeting production targets.

Six oil companies fined €937mn for bioethanol price fixing in Italy

Italy’s competition authority has fined six oil companies nearly €1bn for colluding on bioethanol pricing between 2020 and 2023, including a €336mn penalty for Eni.
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Putin calls for new financing models for global nuclear energy

At World Atomic Week in Moscow, the Russian president advocated for a reform of civil nuclear funding mechanisms, urging stronger involvement from multilateral financial institutions.

Iraq resumes oil exports from Kurdistan after two-year suspension

Baghdad has restarted crude shipments from Kurdistan via the pipeline to Turkey, following a two-year halt linked to legal and contractual disputes involving international firms operating in the region.

UN sanctions on Iran reactivated, increased pressure on trade

The activation of the snapback mechanism reinstates all UN sanctions on Iran, directly affecting the defence, financial and maritime trade sectors.
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North Korea reportedly holds two tonnes of weapons-grade enriched uranium

Seoul estimates Pyongyang holds enough highly enriched uranium to produce up to 50 atomic bombs, reigniting concerns over its growing nuclear arsenal despite international sanctions.

Sinopec connects five provinces with 1,500 km hydrogen corridor along Yangtze River

Sinopec reaches a milestone in hydrogen logistics with a 1,500 km journey from Shanghai to Hubei, supported by a network of 146 stations and 11 supply centres.

Fortescue signs with Envision to develop 132 MW of wind power in the Pilbara

Fortescue has selected Envision Energy to supply next-generation turbines in Australia, the first step in a project targeting 2 to 3 GW of renewable generation backed by batteries.
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EVE Energy signs 500MWh with CommVOLT to accelerate European storage

EVE Energy seals a 500MWh strategic agreement with CommVOLT in Europe for commercial and industrial storage at Solar & Storage Live UK 2025, as its five MWh direct current system enters deployment.

Energy Vault secures additional $50mn to support storage project development

Energy Vault Holdings has secured $50mn in debenture financing, complementing a $300mn preferred equity investment, to support the development of its large-scale energy storage projects.