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Ukraine

Sofia secures Lukoil refinery ahead of planned state takeover
The Bulgarian government has increased security around Lukoil’s Burgas refinery ahead of a state-led takeover enabled by new legislation designed to circumvent international sanctions.
India and Russia strengthen nuclear cooperation with new projects
Russia and India are preparing an expanded agreement for the construction of VVER-1200 reactors and modular nuclear power plants, while accelerating work at the strategic Kudankulam site.

Three U.S. gas basins reshape prices, flows and contracts

Appalachia, Permian and Haynesville each reach the scale of a national producer, anchor the United States’ exportable supply and set regional differentials, LNG arbitrage and compliance constraints across the chain, amid capacity ramp-ups and reinforced sanctions.
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Bulgaria passes law to take control of Lukoil refinery
Faced with US sanctions targeting Lukoil, Bulgaria adopts emergency legislation allowing direct control over the Balkans’ largest refinery to secure its energy supply.
Gunvor drops $22bn bid for Lukoil assets under US pressure
Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.

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.
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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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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. —
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.

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.

Orban attend des garanties énergétiques lors de sa rencontre avec Trump à Washington

Le Premier ministre hongrois se rendra à Washington pour discuter avec Donald Trump des sanctions américaines contre le pétrole russe, dans un contexte de guerre en Ukraine et de dépendance persistante de la Hongrie aux hydrocarbures russes.
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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.
First El Dabaa nuclear reactor receives 330-tonne pressure vessel
The reactor vessel for Unit 1 at Egypt’s El Dabaa nuclear plant has been delivered following a 20-day maritime transport from Saint Petersburg, marking a critical milestone in the country’s energy project.
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OCCTO awards 75.4MWAC to 27 solar projects in undersubscribed auction
AfDB grants $7.41mn to Liberia to complete hydroelectric power plant
Power outages in the United States reach record 11 hours per customer in 2024
Octillion completes solar rollout at battery plant in Pune
Húsavík drills seven new geothermal wells to revive industrial attractiveness
U.S. Elections Reshape the Future of Energy: Between Protectionism and Climate Transition
The recent U.S. elections could reshape energy policies, influencing global markets, trade relations, and climate commitments. The opposing candidates’ positions, between protecting fossil industries and promoting clean energy, outline divergent prospects.
Norwegian Gas Exports to Europe Rebound in October, but the Market Remains Vulnerable
After a drop due to maintenance in September, Norwegian gas exports to Northwest Europe increased by 49% in October, a sign of sustained demand despite an uncertain market.

US Elections: Potential Impact on Oil Exports to Asia

American oil exports to Asia, though stable, could be impacted by the next U.S. president’s foreign policy, especially regarding relations with China, Iran, and other producing countries.
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First Extraction of Radioactive Debris at Fukushima: Tepco Advances in Decommissioning
For the first time since 2011, a sample of radioactive debris was extracted from the damaged reactors at the Fukushima nuclear plant. This breakthrough paves the way for new analyses essential to the decommissioning process.
Azerbaijan at COP29: an Energy Future Rooted in Oil and Gas
As the host of COP29, Azerbaijan is a land rich in oil and gas resources. Its current strategy focuses on natural gas to become an essential supplier in Europe.

Sweden: Offshore Wind Farms in the Baltic Sea Raise Defense Concerns

Sweden's planned offshore wind farms in the Baltic Sea raise concerns about the country's defense capabilities, according to a military report. A crucial choice emerges between energy needs and national security.
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Sweden Halts Baltic Sea Wind Projects Over National Security Concerns
Sweden has recently rejected 13 wind farm projects in the Baltic Sea, citing defense-related security concerns. This decision raises questions about balancing energy needs with national protection.
Ukraine Considers an Energy Partnership with Qatar to Enhance Energy Security
Amid geopolitical tensions and critical energy dependency, Ukraine explores a partnership with Qatar to diversify energy sources and attract investment into its energy infrastructure.

Niger denounces Orano’s suspension of uranium production

The Nigerien junta criticizes Orano's suspension of activities, claiming the decision harms stakeholder commitments and lacks transparency, according to a document from the state-owned company Sopamin.
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Slovakia: SPP Denies Imminent Gas Supply Deal with Azerbaijan via Ukraine
Slovakia: SPP Denies Imminent Gas Supply Deal with Azerbaijan via Ukraine
The EU Invests in a New Gas Corridor to Secure LNG Supply from the U.S.
The EU Invests in a New Gas Corridor to Secure LNG Supply from the U.S.

OPEC+: eight members extend their production cuts until the end of December

Saudi Arabia, Russia, and six other OPEC+ countries extend their production cuts by 2.2 million barrels per day until the end of December to support oil prices weakened by uncertain demand.
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U.S. Investigation on Chinese Enriched Uranium Imports Intensifies
U.S. Investigation on Chinese Enriched Uranium Imports Intensifies
Liquidity Crisis for Russian Thermal Coal: Shortages and International Sanctions
Russian thermal coal exports are facing severe liquidity losses, exacerbated by logistical restrictions and rising costs, prompting buyers to turn to alternative sources.

Finland: Court Orders Seizure of Russian Assets Following Naftogaz Petition

Finnish court orders the seizure of Russian assets in response to a request by the Ukrainian company Naftogaz, as part of enforcing a $5 billion arbitration award for losses in Crimea.
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Sanctions: How a Global Parallel Market for LNG is Developing Despite Restrictions
With increasing sanctions against Russian LNG, an evasion ecosystem is emerging in various global hubs, fostering transactions in local currencies and a parallel trade network.
Ukraine on the Verge of Winter: Insufficient Gas Reserves Face Consumption Challenges
Ukraine on the Verge of Winter: Insufficient Gas Reserves Face Consumption Challenges

The French State strengthens Orano with a €300 million capital increase to support the nuclear sector

The French government has injected €300 million into Orano, a nuclear specialist, to increase its uranium enrichment capacity and support its international market expansion against Rosatom.
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Fukushima: TEPCO resumes extraction of radioactive debris after technical stoppage
TEPCO will resume extracting radioactive materials in Fukushima after resolving a technical issue. This operation marks a key step in dismantling the plant affected by a tsunami in 2011.
Denmark to Miss EU’s 90% Gas Storage Target Before Deadline
Denmark will not meet the 90% gas storage threshold by November 1st due to production and maintenance delays, according to the Danish Energy Agency.
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