Ukraine

The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Vattenfall commits new investment to the Clashindarroch II onshore wind project, a 63MW site in Scotland set to begin construction in 2026 and deliver first power in 2027.

Fidra Energy secures £445mn for 3.1 GWh energy storage project

Scottish developer Fidra Energy reaches financial close on its Thorpe Marsh site, with equity funding led by EIG and the UK’s National Wealth Fund, marking a significant step in the UK’s energy storage sector.
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A partnership between AquaVentus and Hydrogen Scotland aims to connect Scottish offshore wind farms to a cross-border green hydrogen production and export infrastructure in the North Sea.
Russia plans to ship 2.1 million barrels per day from its western ports in September, revising exports upward amid lower domestic demand following drone attacks on key refineries.

Voltalia unveils SPRING, a strategic plan to restore profitability by 2026

Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
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Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.
Spanish group Qualitas Energy inaugurated the Three Maids facility near Winchester, an anaerobic digestion plant able to produce 120 GWh of biomethane annually from agricultural waste.

MCatalysis secures funding to industrialise microwave catalysis technology from Oxford

Texas-based start-up MCatalysis secures seed funding from HL Energy Ventures to exploit, under exclusive licence, a microwave catalysis technology developed at the University of Oxford.
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Van Oord has completed the installation of 109 inter-array cables at the Sofia offshore wind farm, marking a major logistical milestone for this North Sea energy infrastructure project.
Vantage Drilling has finalised a major commercial agreement for the deployment of the Platinum Explorer, with a 260-day offshore mission starting in Q1 2026.

Altalto secures public funding for its UK waste-to-aviation fuel project

Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.
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Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.
The International Atomic Energy Agency warns that little time remains to reach an agreement with Iran on fully resuming inspections, as European sanctions could be reimposed within 30 days.

BlueNord lowers Tyra production guidance for Q3 2025

Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.
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The Ukrainian president demanded that Slovakia end its imports of Russian crude, offering an alternative supply solution amid ongoing war and growing diplomatic tensions over the Druzhba pipeline.
A key station on the Stalnoy Kon pipeline, essential for transporting petroleum products between Belarus and Russia, was targeted in a drone strike carried out by Ukrainian forces in Bryansk Oblast.

NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports

NatPower Marine and Wah Kwong create a joint venture to deploy a maritime electric charging network in over 30 Asian ports by 2030, without requiring initial public investment.
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The success of SGN’s test on a gas pipeline converted to hydrogen confirms Terra Firma Energy’s technological choices, with sites already equipped to accommodate this type of energy investment.
The European Union’s new import standard forces the United Kingdom to make major adjustments to its oil and gas exports, impacting competitiveness and trade flows between the two markets.
Europe has reached 90% of its gas storage capacity, preparing for a winter under energy strain, while Russian supplies via Ukraine remain uncertain.
BP returns to Iraq after five years, signing a preliminary agreement with the government to restart production from the Kirkuk fields via a profit-sharing model.

Boralex closes $95 million financing for Témiscouata II wind farm

Boralex secures $95 million for Témiscouata II, a strategic wind farm in Québec, thanks to a financing package developed by Desjardins that includes ESG criteria.
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DRIFT Energy raises £4.65 million to develop autonomous yachts dedicated to offshore hydrogen production, with support from Octopus Ventures.
Orlen has signed a major agreement with BP for the supply of North Sea crude oil, representing 15% of its annual requirements, to strengthen its refining operations in Europe.

Russian refineries ramp up production ahead of September shutdowns

Russian refineries stepped up production in August in anticipation of the September maintenance shutdowns, optimizing throughput thanks to improved logistical conditions.
Russia expresses its dissatisfaction with Germany's investigation into the Nord Stream explosions, citing a lack of international cooperation.
Ukraine is stepping up its efforts to protect its energy infrastructure and reach a stock of 13.2 billion cubic meters of gas before the winter of 2024/25, despite persistent threats.

Croatia becomes a Strategic LNG Hub in Southeast Europe

Faced with growing demand in the Eastern Mediterranean, Croatia is establishing itself as an essential hub for liquefied natural gas (LNG) in Europe, surpassing capacity in North-Western Europe.
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The Polish government firmly denies accusations of complicity in the sabotage of the Nord Stream gas pipelines in 2022, claiming that this is a disinformation maneuver aimed at dividing NATO.
Gas storage infrastructures in Europe are virtually saturated, leading to higher prices and posing challenges for winter supplies.

Subsea investments exceed $42 billion

Global spending on subsea infrastructure, driven by offshore projects and technological innovation, will pass the $42 billion mark by 2027.
Equinor and Dominion Energy have secured strategic offshore wind concessions in the Atlantic, despite a market weakened by high costs and supply difficulties.
Norway's sovereign wealth fund, the world's largest, made a profit of €125 billion in the first half of 2024, buoyed by the strong performance of its equity investments, particularly in technology.

Ukraine denies responsibility for sabotaging Nord Stream pipelines

The Ukrainian government categorically rejects the Wall Street Journal's accusations of possible involvement in sabotaging the Nord Stream gas pipelines in 2022, calling them "absolute nonsense".
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Hexagon Agility, a subsidiary of Hexagon Composites, receives a major order for renewable natural gas systems for a waste collection fleet in North America, strengthening its position in the sector.
NextEnergy Capital, through its NextPower V ESG fund, acquires a 248 MW portfolio in Spain, marking a key step in its strategy of investing in solar infrastructure in OECD markets.

Ukraine approves USD 20 billion plan for renewables by 2030

Ukraine is committing $20 billion to increase the share of renewable energies to 27% of the energy mix by 2030, in response to the damage inflicted by Russian attacks.
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The British regulator approves the Eastern Green Link 2 project, a 2 GW undersea cable designed to reinforce the power grid and support the energy transition.
Liquefied natural gas (LNG) prices in Europe are rising, complicating arbitrage towards Asia, despite weak European demand and high inventories.