Sweden

Trump grants Orban oil exemption in exchange for US gas deal

The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.

Vestas boosts quarterly profit and announces €150mn share buyback

The Danish wind turbine manufacturer doubled its net profit in the third quarter despite complex market conditions, supported by increased onshore deliveries and order growth.

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.
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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.

Aegir Insights expands Aegir Quant™ to hybrid, solar and storage assets

Danish firm Aegir Insights extends its Aegir Quant™ platform to onshore wind, solar, storage and hybrid assets, strengthening its investment intelligence offering for developers and investors.

Ørsted deepens losses in the third quarter despite major fundraising

Danish offshore wind giant Ørsted reported a net loss of 1.7 billion kroner in the third quarter, despite a $9.4 billion recapitalisation aimed at strengthening its balance sheet and stabilising operations.
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Gunvor rules out resale of Lukoil assets to Russia after acquisition

Commodities trader Gunvor confirmed that the assets acquired from Lukoil will not return under Russian control, despite potential sanction relief, amid growing regulatory pressure.

Western sanctions disrupt Lukoil’s international operations

Sanctions imposed by the U.S. and the U.K. are paralyzing Lukoil's operations in Iraq, Finland, and Switzerland, putting its foreign businesses and local partners at risk.

Aramco’s net profit drops for the eleventh consecutive quarter

Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.
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Denmark launches a 20 MW low-carbon hydrogen plant in Fredericia

The HySynergy I plant produces eight tons of hydrogen per day from renewable energy and marks a new milestone in the deployment of low-carbon hydrogen in Europe, with medium-term expansion projects.

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. —

Schneider Electric bets on e-methanol to strengthen industrial partnerships in Canada

Schneider Electric Canada aims to bring its Danish e-methanol plant model to the Canadian market, leveraging advanced automation to support new partnerships with heavy industry sectors.
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Poland: Orlen Consolidates Gas, Targets Regional Hub Without Liberalization

Poland’s gas market remains highly concentrated around Orlen, which controls imports, production, and distribution, while Warsaw targets internal and regional expansion backed by new infrastructure capacity and demand from heat and power.

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.

Bulgaria halts fuel exports to EU after sanctions on Lukoil

Sofia temporarily restricts diesel and jet fuel exports to safeguard domestic supply following US sanctions targeting Lukoil, the country’s leading oil operator.
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Lukoil sells its African oil assets to Gunvor under pressure from US sanctions

Swiss trader Gunvor will acquire Lukoil’s African stakes as the Russian company retreats in response to new US sanctions targeting its overseas operations.

Washington temporarily authorises operations linked to Rosneft’s German assets

The United States has issued a general license allowing transactions with two German subsidiaries of Rosneft, giving Berlin until April 2026 to resolve their ownership status.

Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure

Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —
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Lukoil begins sale of international assets after new US sanctions

Lukoil has started divesting its foreign assets following new US oil sanctions, a move that could reshape its overseas presence and impact supply in key European markets.

Kazakhstan considers swift decision on Lukoil’s local assets

Kazakhstan is reviewing Lukoil's stakes in major oil projects after the Russian group announced plans to divest its international assets following new US sanctions.

Ukrainian Drone Strikes: Fires at Russian Strategic Sites

Ukrainian drone strikes targeted industrial and energy facilities in Russia, causing significant fires in Tatarstan and Saratov regions, according to local authorities.

Ukraine and Slovakia consider 25% Russian gas transit

Slovak Prime Minister Robert Fico and Ukrainian President Volodymyr Zelensky plan discussions on the partial resumption of Russian gas transit, representing 25% of the volumes needed for Slovakia.

Denmark Struggles to Meet Gas Storage Targets for Winter 2024-2025

Denmark Struggles to Meet Gas Storage Targets for Winter 2024-2025
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Trump and Maduro: The Energy Struggle Redefining US-Venezuela Relations

As Nicolás Maduro begins a contested third term and Donald Trump prepares to return to the White House, tensions between Washington and Caracas reach a critical point. Between tightened sanctions, strategic alliances, and oil stakes, 2025 is shaping up to be a pivotal year for these two nations.

Russia accuses Ukraine of targeting TurkStream with nine drones

Russia reports that nine Ukrainian drones targeted a TurkStream pipeline station, without disrupting deliveries to Europe. This incident highlights the geopolitical stakes of energy infrastructure.

Transdniestria Faces Energy Crisis: Appeals to Moscow to Prevent Humanitarian Catastrophe

The separatist authorities of Transdniestria, grappling with the halt of Russian gas deliveries, are calling on Moscow for help to prevent a humanitarian crisis exacerbated by power outages and an economy on the brink of collapse.
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Serbia demands Gazprom to cede 56% of NIS shares

Faced with US sanctions targeting Russian oil, Serbia is negotiating with Moscow to ensure the full withdrawal of Russian shares in its main gas supplier, NIS, 56% owned by Gazprom and Gazprom Neft.

Germany Rescues Distressed Tanker Accused of Belonging to Russian “Ghost Fleet”

A tanker carrying 99,000 tons of oil, stranded in the Baltic Sea, has been secured by German rescue operations. The incident reignites debates over Russia's "ghost fleet" and its environmental implications.

The United States sanctions Gazprom Neft and 200 Russian ships worth $23 billion

Washington and London impose historic sanctions on the Russian energy sector, targeting Gazprom Neft and a fleet of 200 ships. Moscow accuses the U.S. of global destabilization, while Biden defends the strategic impact.
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Norway Sets Record in Natural Gas Production in 2024

With 124 billion m³ of gas produced in 2024, Norway consolidates its position as Europe’s primary supplier, replacing Russia in a tense geopolitical context.

Sweden welcomes a Strategic Partnership for Fusion Energy

Novatron Fusion Group and Oxford Sigma partner to accelerate the development of fusion power plants in Sweden, combining innovative technologies and advanced materials for reliable industrial solutions.

Moldova Faces a Hybrid War with Russia

Russia has suspended gas deliveries to the pro-Russian separatist region of Transnistria, intensifying energy and political tensions in Moldova. The European Union denounces a maneuver aimed at destabilizing the region.
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South Korea Launches 96 MW Offshore Wind Farm Led by CIP and SK Innovation

The Jeonnam 1 wind farm, with a capacity of 96 MW, marks a first for South Korea in privately-led offshore projects. By 2025, it will supply green electricity to 60,000 households, showcasing an innovative energy partnership model.

Norway Approves Halden for a 1200 MWe SMR Nuclear Plant

Halden Kjernekraft is studying the construction of a 1200 MWe nuclear power plant based on small modular reactors (SMR). This project could reshape Norway’s energy landscape.

Moldova Accuses Gazprom of Provoking an Energy Crisis in Transnistria

Moldova and Gazprom are at odds over a debt estimated between $9 million and $700 million, exacerbating Transnistria's energy crisis. The separatist region faces the risk of total power outages in the midst of winter.
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Underwater Sabotage in the Baltic: Sweden Aids Investigation on the EstLink 2 Cable

An undersea cable linking Finland and Estonia has been damaged in the Baltic Sea. Suspected of belonging to the Russian "ghost fleet," the tanker Eagle S is at the center of investigations, reinforced by a Swedish naval vessel.

Russia Faces a 9,200-Ton Oil Spill in Sevastopol

The sinking of two Russian oil tankers caused an unprecedented 9,200-ton oil spill impacting the Kerch Strait and Sevastopol. This crisis highlights significant technological challenges and geopolitical tensions in the region.

The United Kingdom records 58% low-carbon electricity in 2024

The United Kingdom achieved a historic record of 58% low-carbon electricity in 2024, marking a key step in its energy transition and sending a strong signal to European political and economic actors.
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Moldova: Power Outages and Energy Crisis in Transnistria

The end of Russian gas supplies via Ukraine plunges Transnistria, Moldova's separatist region, into a severe energy crisis, leading to power cuts for its residents and increasing tensions with Chisinau.

Russia Alerts on 73,000 Tons of Contaminated Sand After a Shipwreck in Crimea

The oil spill in the Kerch Strait caused by the shipwreck of two Russian tankers has contaminated 73,000 tons of sand, raising concerns about the costs and environmental impact in Russia and Crimea.