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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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.
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.

Masdar mobilizes USD 1.685 billion for energy projects through green bonds

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.
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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 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.

GIP Acquires 49.99% Stake in Eni CCUS Holding in Strategic Carbon Deal

Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.
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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.
Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.

Funds Push European Carbon Positions to Highest Since April

Investors hold 28.9 million EUAs net long as of August 8, four-month record level. Prices stable around 71 euros despite divergent fundamentals.
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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.

The global microgrid market is expected to reach $116.5bn by 2032

Driven by rising demand for energy resilience, the global microgrid market is projected to grow by 15.6% annually between 2025 and 2032, according to SkyQuest Technology Consulting.
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The American manufacturer is seeking a licence from the UK energy regulator to distribute electricity in the United Kingdom, marking its first move into this sector outside Texas.
The US oil and gas producer increased production and cash flow, driven by the Maverick integration and a $2 billion strategic partnership with Carlyle.

IAEA Dispatches Envoy to Tehran to Negotiate New Nuclear Framework

A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.
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The Canadian government adopts a new dynamic cap of $47.60 per barrel for Russian oil, aligning its position with that of the European Union and the United Kingdom.
Ørsted strengthens its financial structure with a rights issue backed by the state, following the failed partial sale of the US Sunrise Wind project.
The UK launches a plan to modernize its energy infrastructure, aiming to accelerate the transition to renewable energy and reduce costs by 2050, with a focus on offshore wind, hydrogen, and energy storage.
WTI Midland crude from the Permian Basin has become too light for refining infrastructure, posing significant challenges for producers and refineries. This directly impacts margins and international demand.

Octopus Energy Launches “Project Mercury” to Establish Energy Technical Standards

Octopus Energy has launched "Project Mercury" in London to establish technical standards for integrating smart energy devices globally.
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Ohmium and SwitcH2 Have Finalized the Development of a 300 MW Green Ammonia Floating Production Project off Southern Europe
Getlink reports stable Q3 revenue despite a significant decline linked to the suspended ElecLink activity. The company relies on its traditional services to offset losses.

Rally in Nantes Against Job Cuts at GE Vernova

Approximately 200 GE Vernova employees gathered in Nantes to protest job cuts at two sites in Loire-Atlantique, expressing their concerns about the future of offshore wind energy in France.
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The United Kingdom has blacklisted 22 oil tankers and LNG vessels, aiming to weaken Russian financial resources and reduce maritime pollution risks.
The British CAA permits the use of drones for monitoring energy infrastructures, impacting operational efficiency and security in the sector. This decision opens new perspectives for the maintenance of wind turbines and power lines.

Failure of the EDP-SSE Merger: A Strategic Shift in the Energy Sector

The attempted merger between EDP and SSE, aimed at creating a utility giant in Europe, did not come to fruition. This failure reveals crucial strategic issues and influences the European energy landscape in the midst of a transition towards renewables.
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The British government has opened 37 investigations into suspected breaches of sanctions imposed on the Russian oil sector, marking an intensification of efforts to enforce restrictions aimed at reducing Russia's oil revenue.
TotalEnergies announces a drop in its refining margins in Q3 2024, with a 66% decrease compared to the previous quarter, due to falling prices for petroleum products worldwide.

IEA cuts global refinery runs forecasts

The International Energy Agency (IEA) has lowered its forecasts for global refinery runs due to weak profit margins, particularly impacting China and Europe.
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Industrial carbon capture and storage (CCS) initiatives have seen significant growth in 2024, reaching 628 global projects. This expansion is supported by public policies and strengthened international collaboration.
Boralex has acquired the Sallachy wind project in the Scottish Highlands. This operation is part of the company's development strategy in the UK, with an installed capacity of 50 MW planned for 2028.

Iberdrola to Double UK Energy Investment to GBP24 Billion

Iberdrola to Double UK Energy Investment to GBP24 Billion
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The British giant BP forecasts a decline in its oil sales and refining margins in the third quarter of 2024, impacting its financial results amid falling oil prices.
Enedis replaces the old "paper-insulated" electrical cables in the capital with more robust synthetic models. This project aims to strengthen the resilience of Paris's network against increasingly frequent heatwaves.

Ship damaged in Red Sea by unknown projectile, reports UKMTO

The UK Maritime Trade Operations (UKMTO) reported that a ship was struck by an unidentified projectile in the Red Sea, near the Yemeni coast. The crew is safe and the attack occurs amid increased regional tensions.
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The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
Masdar strengthens its collaborations with Norwegian companies to develop renewable energy and green hydrogen projects during an official visit to Norway.