Sweden

Alfa Laval strengthens its partnership with EDF for six new EPR2 reactors

Alfa Laval extends its cooperation with EDF to supply heat exchangers for EPR2 projects across three nuclear sites, reinforcing its position in the French nuclear sector.

International Petroleum accelerates Blackrod and completes USD 450mn bond refinancing

International Petroleum Corporation exceeded its operational targets in the third quarter, strengthened its financial position and brought forward production from its Blackrod project in Canada.

Shell launches a large debt exchange offer for $8.4 billion of dollar-denominated bonds

Shell restructures six series of bonds through an exchange offer, migrating them to its U.S. subsidiary to optimize its capital structure and align its debt with its U.S. operations.
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Eneco Acquires Prowind’s Wind Project Development Business in the Netherlands

Eneco takes over Prowind’s wind project development business in the Netherlands, adding 260 MW to its portfolio. Prowind refocuses on the German market, where demand is growing rapidly.

EU bans Russian LNG, Arctic bottlenecks and clauses under strain

The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity. —

Vattenfall raises operating profit to SEK21.47mn amid nuclear repositioning

Swedish group Vattenfall improves its underlying operating result despite the end of exceptional effects, supported by nuclear and trading activities, in a context of strategic adjustment on European markets.
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Shell posts higher quarterly profit and launches $3.5bn share buyback

The British group’s net profit rose 24% in Q3 to $5.32bn, supporting a new share repurchase programme despite continued pressure on crude prices.

TotalEnergies and Shell boost profits despite falling oil prices

Third-quarter results show strong resilience from European majors, supported by improved margins, increased production and extended share buyback programmes.

Petrofac places holding company into administration after termination of key contract

The termination of a strategic contract with Dutch grid operator TenneT triggered the administration of Petrofac’s holding company, reigniting tensions with creditors.
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Carbon removal investments hit $1 billion despite high operating costs

The carbon removal technology sector is expanding rapidly, backed by venture capital and industrial projects, yet high costs remain a significant barrier to scaling.

Italian court approves extradition of Ukrainian suspect in Nord Stream case

An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.

Kenya Airways deploys a 50% SAF flight to secure a regional hub

The carrier uses mass balance and Book & Claim allocation to test demand, structure certified revenues, and prepare domestic capacity targeted for 2026 amid already intensifying regional competition.
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European Union faces 21.5 mtpa shortfall on carbon storage targets

A Wood Mackenzie study reveals that the EU’s carbon storage capacity will fall more than 40% short of the 2030 targets set under the Net Zero Industry Act.

The Netherlands plans to extend Borssele and creates legal framework for new reactors

The Dutch government is initiating legislative reform to extend the Borssele nuclear plant until 2054 and has formalised the creation of a public entity to develop two new reactors.

Liquid Wind and Umeå Energi launch 100,000-tonne eFuel plant in Sweden

The two partners finalise agreements to industrialise an eMethanol production site in Umeå, with commissioning scheduled for 2028 and a target of capturing 150,000 tonnes of CO₂ annually.
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Finland leads race to host first Nordic fusion reactor, report finds

A technical study commissioned by Novatron Fusion Group identifies Finland as the most prepared country to host a fusion reactor, despite favourable conditions across the Nordic region.

Russia definitively ordered to pay $50bn to former Yukos shareholders

The Dutch Supreme Court has rejected Russia's final appeal, confirming a record $50bn compensation to former Yukos shareholders, ending two decades of legal battle.

Oklo and newcleo announce $2bn nuclear partnership to strengthen US fuel supply

Oklo, newcleo and Blykalla partner to develop advanced nuclear fuel infrastructure in the United States, backed by a planned $2bn investment.
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Minesto strengthens presence in South Korea with official Swedish delegation

Swedish ocean energy developer Minesto joined a high-level trade mission to South Korea to explore new cooperation opportunities in marine energy.

Lyten restarts BESS production in Gdańsk after acquiring Northvolt facility

Lyten has completed the acquisition of the Northvolt Dwa site in Poland, Europe’s largest energy storage system factory, and plans to deliver its first commercial units before the end of 2025.

LOHC Imports hydrogen via Amsterdam

LOHC Hydrogenious and Evos announce the development of hydrogen import facilities in the port of Amsterdam.

TenneT Green Bond Leader

TenneT reinforces its status as the largest green bond issuer in Europe with a new €3 billion issue.

Germany: Russian Gas Substitution

Germany, historically a major importer of Russian gas, is trying to find other sources of supply.
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Qatar Appeals to the Free Market

In Qatar, Saad al-Kaabi, the head of the state-owned energy company, believes that fossil fuel trading should be depoliticized.

H2 Green Steel Supported by the EIB

H2 Green Steel's €3.5 billion loan is backed by the European Investment Bank and the Swedish National Board.

The Netherlands to exit a treaty protecting fossil fuels

The Netherlands will exit the Energy Charter, a 30-year-old treaty accused of hampering its climate ambitions because it is too protective of fossil fuels, the Dutch Ministry of Environment and Energy said Wednesday.
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Fortum plans to build small nuclear reactors in Sweden and Finland

In the midst of the debate on Europe's energy future, Finnish energy company Fortum said Monday it was considering building small nuclear reactors, including small modular reactors known as SMRs, in Finland and Sweden.

Borealis and Axpo sign a PPA

Borealis and Axpo Nordic sign a power purchase agreement (PPA) for 130,000MWh of wind power per year.

Sweden: Towards a New Government Supported by the Far Right and a Relaunch of Nuclear Power

With the unprecedented support of the far right, the Swedish right has announced a government that intends to revive nuclear energy.
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Berlin Claims to Have Reached its 95% Gas Reserves Filling Target

The German government announced on Friday that it had reached its target of 95% of gas reserves sooner than expected.

Cepsa joins forces with the Port of Rotterdam

Cepsa partners with the Port of Rotterdam for the first hydrogen supply corridor between southern and northern Europe.

After 12 Years of Delay, the Finnish EPR Launched in the Midst of an Energy Crisis

Twelve years late, the Olkiluoto EPR nuclear reactor in Finland is coming to full power just before a winter.
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RES and Modvion Modernize Wind Turbines

RES and Modvion start a new collaboration to equip future wind farms with wooden towers.

RES focuses on hydrogen in Sweden

Renewable Energy Systems (RES) is strengthening its presence in the hydrogen sector with the acquisition of an industrial site in Ljungaverk.

Ilmatar Mapping the Finnish Seabed

Ilmatar, a Finnish company, is starting a technical survey of the seabed in a 600 square kilometer area north of Åland.
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Nord Stream: Sweden refuses to give Moscow access to its investigation

Sweden has refused to give Russia access to its investigation into the alleged sabotage of the Nord Stream 1 and 2 gas pipelines.

Nord Stream: German Justice Investigates Possible “Sabotage

The German justice system has decided to open an investigation after the recent leaks on the Nord Stream 1 and 2 gas pipelines in the Baltic Sea.

Lhyfe invests in the Netherlands

Lhyfe is developing 200MW of renewable hydrogen in the chemical cluster of Delfzijl, in the province of Groningen in the north of the Netherlands.
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Enligth Renewable Energy Finalizes Björnberget

Enligth Renewable Energy announces that Björnberget has met the regulatory requirements to begin the commercial operation process.

Moscow Insists on Participating in Investigation of Nord Stream Pipeline Leaks

Russia demanded on Wednesday to participate in the investigation of the Nord Stream 1 and 2 gas pipeline leaks. Sweden is in charge of the investigations.