Uruguay

The Québec government has approved three wind projects totalling 792 MW to meet growing energy demand and support regional economies in Bas-Saint-Laurent and Capitale-Nationale.
Aegis Critical Energy Defence Corp. and Seetel New Energy have created Cordelia BESS to respond to Ontario’s LT2 call for proposals, aimed at strengthening energy capacity through battery storage.

Lhyfe expects EUR10mn revenue in 2025 and cuts costs from 2026

Lhyfe aims to double its revenue next year, refocuses industrial priorities and plans a 30% cost reduction starting in 2026 to accelerate profitability.
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Mundi Énergies partners with Haffner Energy to create a network of twenty multi-energy hubs in Quebec, using residual biomass to produce renewable gas and strengthen Canada’s energy independence.
UK-based manufacturer Awendio Solaris plans to build a 2.5 GW solar industrial platform, expandable to 5 GW, in Quebec, targeting North American markets with a 100% regional supply chain.

European Union rejects United Kingdom’s exemption from carbon border levy

Brussels confirmed that the United Kingdom will not be exempted from the carbon border levy until both carbon markets are connected, delaying a possible exemption by at least one year.
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EDF Power Solutions UK has appointed METLEN to lead engineering and construction for the 400MW Longfield solar farm in Essex, with commissioning scheduled for 2030.
Plug Power has completed the installation of a 5 MW PEM electrolyzer for Cleanergy Solutions Namibia, marking the launch of Africa’s first fully integrated green hydrogen production and distribution site.

Next Hydrogen raises $20.7mn to accelerate electrolyser production

Next Hydrogen completes a $20.7mn private placement led by Smoothwater Capital, boosting its ability to commercialise alkaline electrolysers at scale and altering the company’s control structure.
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Primary Hydrogen plans to launch its initial drilling programme at the Wicheeda North site upon receiving its permit in early 2026, while restructuring its internal exploration functions.
The Gerus plant becomes the first solar installation in Namibia to sell electricity directly on the Southern African Power Pool regional market.

Meg O’Neill takes over BP to refocus the group on hydrocarbons

British company BP appoints Meg O'Neill as CEO to lead its strategic refocus on fossil fuels, following the abandonment of its climate ambitions and the early departure of Murray Auchincloss.
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Masdar begins commercial operations at a Stockport battery storage unit and announces two more UK projects, part of a £1bn ($1.25bn) plan for 3GWh of BESS capacity.
Gas Liquids Engineering completed the engineering phase of the REEF project, a strategic liquefied gas infrastructure developed by AltaGas and Vopak to boost Canadian exports to Asia.

Germany grants $24.3 million to Nigeria to accelerate its energy transition

Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.
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Shell withdraws from two floating wind projects in Scotland, reinforcing capital discipline in favour of faster-return activities. ScottishPower takes over MarramWind while CampionWind is returned to Crown Estate Scotland for reallocation.
Faced with shorter approval timelines, several European nuclear firms, including Newcleo, Orano and Urenco, are considering relocating key industrial investments to the United States.

Sofia secures Lukoil refinery ahead of planned state takeover

The Bulgarian government has increased security around Lukoil’s Burgas refinery ahead of a state-led takeover enabled by new legislation designed to circumvent international sanctions.
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China's Envision Energy will supply a 680MW battery storage system to UK-based Statera Energy as part of the Carrington project, one of the largest in the country to reach financial close.
Fusion Fuel Cycles has begun work on its UNITY-2 facility, a unique test bench designed to validate the full tritium fuel cycle under fusion conditions, marking a key step toward fusion energy.
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.
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 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 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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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 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 begins lithium-ion battery production for energy storage systems (ESS) in its Windsor plant this month, expanding its operations beyond electric vehicle batteries.
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 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.
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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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.
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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The British government confirms its ambition to decarbonise the power sector by 2030, despite political criticism and concerns over consumer energy costs.
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.