United Kingdom

The United States Nuclear Regulatory Commission has granted a 40-year extension for the AP1000 reactor design certification, supporting its long-term construction domestically and deployment abroad.
Bp has awarded Baker Hughes a long-term service agreement for the Tangguh liquefied natural gas plant, covering spare parts, maintenance and technical support for its turbomachinery equipment.

CNOOC signs two gas exploration contracts in Indonesia with EnQuest and Agra

CNOOC Limited has signed two production sharing contracts with SKK Migas to explore the Gaea and Gaea II blocks in West Papua, alongside EnQuest and Agra.
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The Northern Lights project has injected its first volume of CO2 under the North Sea, marking an industrial milestone for carbon transport and storage in Europe.
First suspect linked to the Nord Stream pipeline explosions, a Ukrainian citizen challenged by Berlin opposes his judicial transfer from Italy.

Trump Suspends $9.4 Billion Offshore Wind Project in the United States

The Revolution Wind project, already 80% complete, has been halted by the U.S. administration over national security concerns, creating major uncertainty in the sector.
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Vattenfall advances its nuclear project in Sweden by selecting two modular reactor suppliers, GE Vernova and Rolls-Royce SMR, for a potential installation on the Värö Peninsula.
A Ukrainian national suspected of coordinating the Nord Stream pipeline sabotage has been apprehended in Italy, reigniting a judicial case with significant geopolitical implications across Europe.

Verra and S&P Global Launch New Infrastructure to Boost Carbon Credit Markets

Verra and S&P Global Commodity Insights join forces to build a next-generation registry aimed at strengthening carbon market integration and enhancing transaction transparency.
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Masdar has allocated the entirety of its 2023–2024 green bond issuances to solar, wind, and storage energy projects, while expanding its financial framework to include green hydrogen and batteries.
Energiekontor launches a €15 million corporate bond at 5.5% over eight years, intended to finance wind and solar projects in Germany, the United Kingdom, France, and Portugal.

Peabody cancels its $3.78 billion bid for Anglo’s coal mines

Peabody Energy abandons the acquisition of Anglo American’s Australian coal assets, triggering an arbitration process following the failure of a post-incident agreement at the Moranbah North mine.
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Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.
Equinix signed a preorder for 20 Kaleidos nuclear microreactors and a letter of intent for a power purchase agreement with ULC-Energy, reinforcing its energy supply strategy for its data centers.

China rejects European threat to reinstate sanctions against Iran

Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.
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Investors hold 28.9 million EUAs net long as of August 8, four-month record level. Prices stable around 71 euros despite divergent fundamentals.
The United States Department of Energy has selected eleven companies to build experimental nuclear reactors by July 2026, under a programme aimed at meeting rising electricity demand.

Vestas maintains annual targets despite 44% drop in orders

The Danish turbine manufacturer posted a 14% increase in quarterly revenue, despite a sharp drop in order intake and negative cash flow.
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An independent group calls for deep changes to speed up the approval of UK nuclear projects and cut costs linked to a system seen as too slow and complex.
GeoPura has acquired key assets from Green Hydrogen Systems and opened a subsidiary in Denmark to support its expansion in hydrogen electrolyser production and maintenance.
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.
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.

The United Kingdom Signs 2 GWh of Storage with Copenhagen Infrastructure Partners

Copenhagen Infrastructure Partners invests in two Scottish projects with a combined 2 GWh of energy storage, consolidating its position in the strategic UK market.
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The race for low-carbon hydrogen is intensifying, and the question of its breakeven threshold is gaining momentum.
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.

Shell anticipates a decline in gas performance in Q4 2024

The British energy giant Shell expects disappointing results in its gas division for Q4 2024 due to expiring hedging contracts and reduced production.
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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.
The LionLink project, a hybrid interconnector developed by TenneT and NGV, will link the Dutch and UK electricity grids through the Nederwiek 3 offshore wind farm, ensuring 2-gigawatt capacity and strengthening energy security in Europe.

India and Hindustan Petroleum increase refining capacity to 309 million tons by 2028

India, supported by Hindustan Petroleum and other major players, aims for a refining capacity of 309 million tons per year by 2028, meeting growing demand for petroleum products and boosting exports.
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Electric interconnections have reshaped global energy systems, enabling cross-border cooperation and economic stability. Rooted in Oxford Energy Institute research, this piece highlights key agreements, technological milestones, and the diplomatic strategies driving these transformative infrastructures.
Donald Trump, the president-elect of the United States, attacks the United Kingdom's energy policies, blaming high taxes in the North Sea for pushing companies like APA Corporation to exit the region by 2029.

United Kingdom records 19.6% electric sales in 2024, target missed

The UK automobile market achieved 19.6% electric vehicle sales in 2024, falling short of the 22% target set by the government, raising regulatory and strategic challenges for industry players.
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In 2024, Germany set a new record with 59% of its electricity produced from renewable sources, marking a key milestone after the complete shutdown of nuclear power. A balance of ecological progress and energy challenges.
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.

France sets electricity export record with 89 TWh in 2024

In 2024, France achieved an unprecedented net electricity export level of 89 TWh, driven by a restored nuclear production and strengthened renewable performance.
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Ghana is initiating a strategic 20 MW project to strengthen its energy grid. This development, led by Renergy Solar, aligns with the country's ambitious energy transition agenda.
Iran will meet European diplomats in Geneva on January 13 amidst controversy over its 60% uranium enrichment, according to the International Atomic Energy Agency (IAEA).

Houthi: Drone Attack on a Maersk Ship off Yemen’s Coast

A Maersk vessel was struck by a drone attack claimed by Houthi rebels near Socotra, reigniting concerns over maritime security in the Red Sea amidst escalating regional tensions.
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Novo Holdings and European Energy are modernizing 17 wind farms in Germany to triple their capacity to 1,100 GWh per year, supporting the energy transition and meeting growing demand.
Boralex enters a partnership in Scotland to develop a 145 MW wind energy project and a 50 MW energy storage system, strengthening the UK's renewable energy landscape.