United States

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).

CMA CGM announces the registration of ten giant container ships under the French flag

CMA CGM is commissioning ten new giant container ships under the French flag. These LNG-powered vessels aim to strengthen France's maritime competitiveness while supporting the sector's energy transition.

NGE and Sade win contract for cooling system networks of EPR2 reactors

NGE, through its subsidiary Sade, has won the contract for the cooling system networks (SEC) of six EPR2 reactors in France, a key project for nuclear safety and industrial innovation.
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Marathon Petroleum Misses Its Targets Due to Increased Maintenance Costs

Marathon Petroleum missed its adjusted profit forecast for Q3 due to a significant rise in maintenance costs, despite stronger refining margins, sending its shares down more than 7% in pre-market trading.

TotalEnergies forecasts rising oil demand until 2040 despite energy transition slowdown

TotalEnergies anticipates a continued increase in global oil demand until 2040, followed by a gradual decline, due to political challenges and energy security concerns slowing efforts to cut emissions.

Constellation explores doubling the nuclear capacity of Calvert Cliffs

Constellation plans to increase the nuclear capacity of Calvert Cliffs in Maryland, with projects aimed at addressing the rising energy demand and supporting the state’s economic growth.
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France: MPs Reject Tax Increase on E85 and B100 Fuels

The French National Assembly rejected proposed tax increases on E85 and B100 biofuels in the 2026 budget after strong opposition from the agricultural and transport sectors.

BP multiplies its net profit by five in the third quarter despite lower prices

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.

The examination of Global Bioenergies’ takeover bids postponed to November 24

The Commercial Court of Evry has delayed the review of takeover bids for Global Bioenergies, raising the possibility of judicial liquidation if no buyer emerges by November 12 at noon.
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Global warming heads toward 2.5°C despite commitments

Current emission trajectories put the planet on course for a 2.3°C to 2.5°C rise, according to the latest UN calculations, just days before the COP30 in Belem.

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.

Shell launches a large debt exchange offer for $8.4 billion of dollar-denominated bonds

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.
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The French State activates the IEF control on Exaion’s sale to American Mara

The government confirmed that the majority sale of Exaion by EDF to Mara will be subject to the foreign investment control procedure, with a response expected by the end of December.

OneD Battery Sciences and Putailai Sign Agreement to Produce Silicon Anodes

OneD Battery Sciences and Shanghai Putailai New Energy Technology announce a development agreement to design and scale production of silicon-carbon anodes for lithium-ion batteries.

The United States Moves Towards the Construction of New Nuclear Reactors

Illinois and New York take significant steps to develop additional nuclear capacity, aiming to strengthen their power generation while diversifying their sources.
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Sunoco finalises the acquisition of Parkland Corporation and prepares for New York listing

Texas-based Sunoco has completed the acquisition of Canadian company Parkland Corporation, paving the way for a New York Stock Exchange listing through SunocoCorp starting November 6.

ADNOC, Microsoft, Masdar and XRG lock energy and AI loads

The partnership combines industrial AI tools, continuous power supplies, and investment vehicles, with volumes and metrics aligned to the demands of high-density data centers and operational optimization in oil and gas production.

Intuitive Machines awarded USD8.2mn for testing space nuclear system

US company Intuitive Machines has secured an additional contract to develop compact nuclear technology for lunar missions and extended space infrastructure.
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bp divests non-controlling interests in US onshore midstream assets for $1.5 billion

BP sells non-controlling stakes in its Permian and Eagle Ford midstream infrastructure to Sixth Street for $1.5 billion while retaining operational control.

China cancels VAT rebate and reshapes the global solar market

China's decision to cancel the 13% VAT rebate on photovoltaic module exports triggers a sharp price adjustment and reshapes a market under pressure for the past two years.

Political crisis in France slows offshore wind development

Institutional deadlock in France delays tenders and weakens the offshore wind sector, triggering job cuts and major industrial withdrawals from the market.

France: Minister Barbut defends an energy mix combining nuclear and renewables

Facing opposition criticism, Monique Barbut asserts that France’s energy sovereignty relies on a strategy combining civil nuclear power and renewable energy.

Newcleo awards $81mn contract to NEXT-N for advanced modular reactors

French developer Newcleo launches a joint venture with Nextchem through a EUR70 mn contract to design the conventional island of its upcoming 200 MW modular nuclear reactors.
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Menlo Digital launches construction of 48 MW data centre in Virginia

Menlo Digital has started construction on its MD-DC1 data centre in Herndon, marking a key step in its national development programme exceeding 1.8 GW.

Vinci maintains 2025 targets thanks to record order backlog

French group Vinci posted revenue growth in the third quarter, supported by all its divisions, and reaffirmed its ambitions for 2025 despite a more restrictive tax environment.

Caracas demands full payment for gas extracted from the Dragon field

Venezuela demands full financial compensation for any gas exports from the offshore Dragon field, reactivated following U.S. authorisation granted to Trinidad and Tobago.
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ENGIE Solutions secures 25-year contract for district heating network in Bain-de-Bretagne

The Ille-et-Vilaine Departmental Energy Syndicate awarded ENGIE Solutions a €9.5mn ($10.01mn) contract to operate a 4.9 km heating network, scheduled for commissioning in 2027.

Elogen and Rockfin sign agreement to produce green hydrogen in Central Europe

The partnership includes local manufacturing in Poland of electrolysis systems using Elogen’s technology, with deliveries targeting the Europe, Middle East and Africa markets.

Washington hits Rosneft and Lukoil, EU tightens, Brent climbs

U.S. sanctions targeting Rosneft and Lukoil trigger a rebound in oil, while the European Union prepares a clampdown on liquefied natural gas and maritime logistics, with immediate repercussions for markets and Russia’s export chain.
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Vema Hydrogen joins California public hydrogen programme with its EMH technology

Vema Hydrogen has been named a qualified supplier by the First Public Hydrogen Authority to deliver clean hydrogen at industrial scale to California’s public and private infrastructure.

NANO Nuclear acquires Global First Power and expands microreactor presence

NANO Nuclear strengthens its North American strategy by acquiring Global First Power in Canada, securing regulatory rights for its KRONOS MMR™ project at Chalk River.

Vistra acquires 2.6 GW gas portfolio from Lotus Infrastructure

Vistra Corp. finalises the purchase of seven natural gas power plants totalling 2.6 gigawatts, strengthening its presence in key US electricity markets.
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UNEP, EU and Japan frame methane: 12% responses, LNG under pressure

Rising responses to UNEP’s satellite alerts trigger measurement, reporting and verification clauses; the European Union sets import milestones, Japan strengthens liquefied natural gas traceability; operators and steelmakers adjust budgets and contracts.

Sumit Majumdar joins Verite Capital Partners as Energy Director and Limited Partner

Buffalo Biodiesel CEO Sumit Majumdar expands his reach in private equity by joining Verite Capital Partners, a firm focused on backing growth companies and underserved markets.

T1 Energy raises $72mn through direct offering to US institutional investors

T1 Energy secured $72mn via a direct offering of over 22 million common shares, aiming to strengthen its cash position and fund energy technology and infrastructure projects.
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Cypress Creek secures $190mn financing for hybrid solar project in Colorado

US developer Cypress Creek Renewables has closed financing for the Sundance project, combining 75MWac of solar with 200MWh of storage, with commissioning expected by late 2026.

Ampliform secures $165mn loan to accelerate US solar projects

US-based solar developer Ampliform secured a loan facility of up to $165mn to support large-scale energy projects in key regional markets, with a focus on the PJM grid.

Arizona State University launches global energy institute with $50mn donation

The American university unveils a new institute focused on the future of energy, funded by a $50mn gift from Robert Zorich, managing partner of EnCap Investments, to support applied research and training of new experts.
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BayWa r.e. opens the capital of the Plouisy wind farm to citizen investment

German group BayWa r.e. has tasked Enercoop Bretagne with implementing a citizen investment scheme for its planned wind farm in Plouisy, aiming for shared governance and stronger local involvement.

GameChange secures over 380 MW of solar projects under revised tax rules

More than 75 solar projects in the United States were tax-sheltered in Q2 through GameChange BOS transformers, responding directly to new U.S. Treasury requirements.