Turkey

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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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.

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%.
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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.

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.
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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.

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.
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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.

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.
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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.

Talen Energy secures $1.2bn to acquire two natural gas power plants in the United States

Talen Energy launches $1.2bn debt financing and expands credit facilities to support strategic acquisitions of two combined-cycle natural gas power plants.

TETRA triples bromine resources and identifies magnesium in Arkansas

TETRA Technologies announces a sharp increase in mineral resources in Arkansas, including bromine, lithium, and for the first time magnesium and manganese, across its 40,000 acres of brine concessions.

Sempra sells 45% of infrastructure subsidiary for $10bn and refocuses on utilities

Sempra divests a majority stake in Sempra Infrastructure Partners to a consortium led by KKR for $10bn, valuing the entity at $31.7bn, while launching phase 2 of the Port Arthur LNG terminal for $14bn.

LanzaJet and KMG launch engineering phase of Kazakhstan’s first SAF project

LanzaJet and state-owned KazMunayGas have reached a decisive milestone towards building Kazakhstan’s first sustainable aviation fuel plant, with the immediate start of the engineering phase.
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Trump threatens IEA with withdrawal if anti-oil stance is not revised

Under pressure from Washington, the International Energy Agency reintroduces a pro-fossil scenario in its report, marking a shift in its direction amid rising tensions with the Trump administration.

Serbia to renew gas contract with Russia in October despite tensions

A new three-year gas import agreement will be signed between Belgrade and Moscow, as Serbia’s energy ties face growing diplomatic scrutiny from the West.

Ørsted restarts Revolution Wind construction after US court ruling

A federal court authorises Ørsted to continue construction on its offshore wind farm Revolution Wind, halted by an administrative order in August, while the group secures DKK60bn to finance Sunrise Wind.
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European and Iranian ministers meet in New York to avoid return of sanctions

European and Iranian foreign ministers meet in New York to try to prevent the reinstatement of UN sanctions linked to Tehran’s nuclear programme.

EBRD injects $100mn into DenizBank’s green bond in Turkey

The European Bank for Reconstruction and Development invests $100mn in a DenizBank green bond to expand sustainable financing access and support capital markets in Turkey.

Hydrogen fuel cell market to reach $42.3bn by 2035 with 20% growth

Driven by technological advances and supportive policies, the global hydrogen fuel cell market is rapidly expanding, with a projected valuation of $42.3bn by 2035.
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PetroTal shuts in four Bretana wells after leaks detected in tubing

PetroTal has temporarily halted production from four wells at the Bretana field in Peru, following technical leaks affecting pumping performance, while keeping its annual guidance unchanged.

ExxonMobil selected to store AtmosClear’s CO₂ in Louisiana

AtmosClear has chosen ExxonMobil to handle the transport and storage of 680,000 tonnes of CO₂ per year from its future biomass energy site at the Port of Baton Rouge, United States.

First Light Fusion unveils a reactor pathway to a gain of 1,000

First Light Fusion presents FLARE, an inertial fusion concept targeting a gain of 1,000, with development costs said to be well below current benchmarks thanks to existing technologies and a deployment model based on partnerships.
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Eni secures more than $1bn of fusion electricity from CFS

Eni signs a power purchase agreement worth more than $1bn with Commonwealth Fusion Systems for the 400 MW ARC plant in Virginia, extending a cooperation begun in 2018 and entering a commercial phase.

Trump urges NATO to halt all Russian oil purchases by member states

The US president has called for an immediate end to Russian oil imports by NATO countries, denouncing a strategic contradiction as sanctions against Moscow are being considered.

Russia shifts coal exports toward Asia, expert says

Facing Western restrictions, Russia plans to increase coal deliveries to China, India and Turkey, according to a recent presentation on the sector’s outlook.
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TVA and Type One Energy target a 350 MWe fusion power plant

Tennessee Valley Authority signs a Letter of Intent with Type One Energy for a 350 MWe stellarator project at Bull Run, designed for baseload and intended to meet rising electricity demand.

Iran withdraws nuclear resolution under US financial pressure

Tehran withdrew a resolution denouncing attacks on its nuclear facilities, citing US pressure on IAEA members who feared suspension of Washington’s voluntary contributions.

Imminent sanctions: Iran faces the European nuclear ultimatum

Talks between Iran and the E3 group have not succeeded, leaving the return of economic sanctions looming, which could heavily affect Iran’s oil sector.
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Venezuela denounces the United States’ naval operation as a disguised war

Caracas steps up its military posture in response to the United States’ naval deployment in the Caribbean, which the Venezuelan government accuses of having strategic designs on its oil and gas resources.

TotalEnergies activates the last two components of the giant energy project in Iraq

TotalEnergies launches construction of the final key infrastructures of the Gas Growth Integrated Project in Iraq, putting into execution all its oil, gas, solar and water components.