Ukraine

Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.
Shell withdraws from two floating wind projects in Scotland, reinforcing capital discipline in favour of faster-return activities. ScottishPower takes over MarramWind while CampionWind is returned to Crown Estate Scotland for reallocation.

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.
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China's Envision Energy will supply a 680MW battery storage system to UK-based Statera Energy as part of the Carrington project, one of the largest in the country to reach financial close.
Fusion Fuel Cycles has begun work on its UNITY-2 facility, a unique test bench designed to validate the full tritium fuel cycle under fusion conditions, marking a key step toward fusion energy.

Fluor selected for front-end engineering of LanzaJet’s sustainable fuel hub in England

Fluor Corporation will lead the front-end engineering of a UK sustainable aviation fuel plant led by LanzaJet and British Airways, with planned output of over 90,000 tonnes per year.
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Shell launches a bond exchange offer on six USD-denominated series to restructure $8.4bn in debt through its newly formed entity Shell Finance US.
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.

EDF finalises Sizewell C funding with two major public loans

The UK’s Sizewell C project reaches a key milestone with a financing boost from EDF, including a loan guaranteed by Bpifrance and backing from the National Wealth Fund, with an estimated total cost of GBP38bn ($48.19bn).
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Danish Ørsted has signed an agreement with Apollo to sell a 50% stake in its Hornsea 3 offshore wind farm in the UK, in a strategic transaction valued at approximately DKK 39 billion ($5.43bn).
BP reported a net profit of $1.16 billion in the third quarter, five times higher than in 2024, thanks to strong results in refining and distribution, despite a decline in oil prices.

EDF gets go-ahead for Hinkley Point B decommissioning

The UK's Office for Nuclear Regulation has granted formal consent to EDF Energy to decommission the Hinkley Point B nuclear power plant in Somerset, England, following its permanent shutdown in August 2022.
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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.
BP sells non-controlling stakes in its Permian and Eagle Ford midstream infrastructure to Sixth Street for $1.5 billion while retaining operational control.

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.
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Eos Energy and Frontier Power strengthen their collaboration with a major first order under a 5 GWh framework agreement to deploy long-duration storage systems across multiple energy markets.
US-based Amentum has secured strategic roles on a 15-year decommissioning framework in the United Kingdom, potentially worth up to £1.4bn ($1.9bn), through multiple projects at the Sellafield site.

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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The British government confirms its ambition to decarbonise the power sector by 2030, despite political criticism and concerns over consumer energy costs.
The Spanish oil group reported a net profit of €1.18bn over the first nine months of 2025, hit by unstable markets, falling oil prices and a merger that increased its debt.
At the Green Initiative Forum in Riyadh, Prince Abdulaziz bin Salman called net zero scenarios unachievable, asserting that energy security must take precedence in global discussions on sustainability and affordability.
EnergySolutions and Terrestrial Energy collaborate to implement advanced IMSR reactors, a modern nuclear generation technology, at specialized sites, addressing the growing demand for clean and industrial energy.

France and the Netherlands: Priority Destinations for U.S. LNG in November

In November, Europe received more than half of U.S. LNG shipments, a strategic shift driven by winter needs and the competitiveness of American volumes in a challenging global energy landscape.
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In November, Norwegian pipeline gas deliveries to Northwest Europe rose by 2% compared to October, reaching 9.8 billion cubic meters, while remaining slightly below last year’s levels.
Egypt Invites BP to Strengthen Investments in Hydrogen

European Biomethane Reaches 7% of Natural Gas Demand in 2023

Biogas and biomethane production in the EU reached 22 billion cubic meters in 2023, representing 7% of total natural gas consumption. This growth, driven by massive investments, could revolutionize Europe's energy sector.
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The decline in green hydrogen production costs could transform heavy industries by 2030, with a projected price of $2.5/kg, driven by technological innovation and scaling.
EDF announces the extension of the lifespan of four nuclear power plants in the United Kingdom, strengthening local energy production while investing massively in its aging nuclear infrastructure.

United Kingdom / Qatar: One Billion for Climate Technologies

Qatar will invest one billion pounds in climate technologies in the United Kingdom, an agreement hailed by Prime Minister Keir Starmer as a "significant step forward" during the official visit of Emir Al-Thani.
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The Newcleo Group has filed an application with UK authorities for the evaluation of its lead-cooled fast modular reactor, aiming to penetrate the UK nuclear market.
A leak detected on a branch of the Druzhba pipeline in Poland reignites debates on the security of energy infrastructures in Europe amid geopolitical tensions and reliance on strategic networks.

UK Market: A Key Test for the Sale of 395 MW Battery Portfolio

The sale of Harmony Energy Income Trust's battery portfolio could redefine market benchmarks in the UK. Investors are closely watching the sector's ability to attract premiums amid uncertain conditions.
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Iran has brought thousands of next-generation centrifuges online, increasing uranium enrichment to 60%, defying a recent resolution by the International Atomic Energy Agency (IAEA).
The American bank anticipates a decline in Brent crude oil prices to $76 per barrel in 2025, driven by an oversupply in the global oil market, despite ongoing geopolitical tensions.

Hartshead Resources explores a new route for its North Sea gas fields

The Australian company Hartshead Resources plans to revise its development plan for the Anning and Somerville gas fields, with an alternative export route now available under new UK fiscal terms.
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Iran has activated thousands of advanced centrifuges to enrich uranium up to 60%, defying a recent resolution by the International Atomic Energy Agency (IAEA) criticizing its lack of cooperation.
Russian President Vladimir Putin is welcomed in Kazakhstan to discuss major energy projects amidst international rivalries with China and the West.

Turkey negotiates a U.S. waiver to pay for Russian gas through Gazprombank

Turkey seeks a waiver from U.S. sanctions to continue paying for its gas imports via Gazprombank, which is critical to its energy security, according to Turkish Energy Minister Alparslan Bayraktar.
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London has announced sanctions on 30 additional ships of the Russian "ghost fleet," used to bypass oil restrictions, striking a blow to exports that finance the war in Ukraine.
The British mining giant Anglo American sells its steelmaking coal mines in Australia to Peabody Energy for $3.775 billion, marking its strategic withdrawal from this sector.