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Esso France shareholders approve sale to North Atlantic and €774mn dividend

Esso France shareholders, mostly controlled by ExxonMobil, approved the sale to Canadian group North Atlantic and a €774mn special dividend set for payment on 12 November.

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).

Ørsted sells 50% of Hornsea 3 project to Apollo for DKK 39 billion

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).
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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.

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.

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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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.

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.

Canadian Natural Takes Full Control of Albian Mines After Asset Swap with Shell

Canadian Natural Resources has finalized a strategic asset swap with Shell, gaining 100% ownership of the Albian mines and enhancing its capabilities in oil sands without any cash payment.
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NextStar Energy starts energy storage battery production in Windsor this November

NextStar Energy begins lithium-ion battery production for energy storage systems (ESS) in its Windsor plant this month, expanding its operations beyond electric vehicle batteries.

Imperial sees quarterly net income drop 56% despite record production

Canadian producer Imperial posted net income of CAD539mn in the third quarter, down year-on-year, impacted by exceptional charges despite record production and higher cash flows.

Schneider Electric bets on e-methanol to strengthen industrial partnerships in Canada

Schneider Electric Canada aims to bring its Danish e-methanol plant model to the Canadian market, leveraging advanced automation to support new partnerships with heavy industry sectors.
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Eos Energy secures 228 MWh strategic order from Frontier Power

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.

Amentum secures key contracts under £1.4bn Sellafield nuclear programme

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.

George Gordon First Nation finalises 32.4 MW solar project in Saskatchewan

An unprecedented partnership with the Canada Infrastructure Bank enables George Gordon First Nation to fully own a solar plant powering a potash mine in Saskatchewan.
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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.

G7 launches over 20 projects to counter Chinese influence on critical minerals

Meeting in Canada, G7 energy ministers unveiled a series of projects aimed at securing supply chains for critical minerals, in response to China’s restrictions on rare earth exports.

Athabasca Oil increases share buybacks amid strong cash flow

Athabasca Oil steps up its share repurchase strategy after a third quarter marked by moderate production growth, solid cash flow generation and disciplined capital management.
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United Kingdom stays on course for 2030 despite political divisions

The British government confirms its ambition to decarbonise the power sector by 2030, despite political criticism and concerns over consumer energy costs.

Repsol posts 34% profit drop over nine months despite UK operations

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.

LNG Energy Group settles $10.7mn debt and exits insolvency in Colombia

LNG Energy Group finalised a court-approved reorganisation agreement in Colombia and settled a major debt through asset transfer, while continuing its operational and financial recovery plan.

Buffalo Biodiesel secures $300mn to accelerate expansion across eastern United States

Buffalo Biodiesel secures $300mn from Verite Capital to expand its used grease collection and processing operations to 25 US states and build two renewable gas plants.

HTEC commissions 1.8-tonne-per-day hydrogen electrolyzer in Burnaby

HTEC has inaugurated a clean hydrogen production facility in Burnaby, British Columbia, marking the launch of the province’s first commercial-scale electrolyzer, with a combined production capacity of 1.8 tonnes of clean hydrogen per day.
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Shell pursues ambitions in the Orange Basin despite court ruling

Shell has filed an appeal against the cancellation of its environmental authorisation for Block 5/6/7 off the South African coast, aiming to continue exploration in a geologically strategic offshore zone.

UAE launches $6bn project for 1GW of continuous renewable energy

Abu Dhabi has begun construction on the world’s first gigascale solar and battery storage project, capable of delivering 1GW of baseload renewable power, with operations expected by 2027.

Reliance reconfigures Jamnagar to prove the origin of fuels bound for the EU

The Indian refiner segments campaigns, strengthens documentary traceability and adjusts contracts to secure certified shipments to the European Union, while redirecting ineligible volumes to Africa and the Americas based on market conditions.
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Canada invests $2.1bn in Ontario Power Generation’s modular reactor project

Ontario Power Generation secures CAD3bn ($2.1bn) in public equity financing to construct four modular reactors at Darlington, aiming to ease private sector entry into next-generation nuclear infrastructure.

Gran Tierra signs $200mn prepayment deal and adjusts debt structure in Colombia

Gran Tierra Energy has signed a crude oil sale agreement with a $200mn prepayment and amended its Colombian credit facility to improve financial flexibility.

European Union faces 21.5 mtpa shortfall on carbon storage targets

A Wood Mackenzie study reveals that the EU’s carbon storage capacity will fall more than 40% short of the 2030 targets set under the Net Zero Industry Act.
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Buscando finalises name change and raises C$1mn for hydrogen operations

Buscando Resources officially becomes Element One Hydrogen and Critical Minerals Corp. and completes a C$1.03mn fundraising through a three-tranche private placement.

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.

Island Green Power launches new consultation phase for 500MW UK solar project

Island Green Power opens a public consultation on design changes to its 500MW East Pye solar and battery storage project ahead of a permit application expected in early 2026.
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Tidewater sells gas processing facility to Parallax for $5.5mn

Tidewater Midstream and Infrastructure has finalised the sale of its non-core Sylvan Lake site to Parallax Energy Operating for $5.5mn, with limited impact on its 2025 results.

Sintana Energy initiates legal process to acquire Challenger Energy

Sintana Energy has initiated legal proceedings in the Isle of Man to secure approval for its all-share acquisition of Challenger Energy, with support from over one-third of the target company’s shareholders.

Qatar and the United States call on the European Union to ease sustainability rules

Doha and Washington warn Brussels about the consequences of EU sustainability requirements on liquefied natural gas exports, as the continent’s energy security remains under pressure.
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Galp aims to secure partner for Namibia’s Mopane field by end of 2025

Portuguese energy group Galp plans to finalise a strategic partnership for its offshore oil project Mopane in Namibia before the end of the year.

Azule Energy confirms gas condensate discovery at Volans-1X well in Namibia

The Volans-1X exploration well revealed a 26-metre productive zone in the Orange Basin, marking another hydrocarbon find for Azule Energy partners in 2025.

Oxford Energy Institute Data Confirms the Dominance of Contrarian Strategies in Oil Trading

The Oxford Energy Institute study shows that signals from weekly positions and the Brent/WTI curve now favor contrarian strategies, in a market constrained by regulation and logistics affected by international sanctions. —
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Senegal signs strategic agreement with two Canadian geo-energy companies

A three-year partnership has been signed between Senegal and two Quebec-based companies to develop the country’s geoscientific capacity and structure its energy sector through technological innovation.

JERA Nex BP exits Beacon Wind project amid US market uncertainty

The joint venture between BP and JERA ends its offshore wind ambitions in the United States, citing an unfavourable economic and regulatory environment for continuing the development of the Beacon Wind project.