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Iberdrola secures €2.5bn credit line from 32 international banks

Iberdrola strengthens its financial position with a new five-year credit facility, signed with 32 banks, to support investments in power grids and renewable energy, particularly in the United States.

Shell focuses on African offshore and revives upstream amid challenging environment

The Anglo-Dutch company maintains its oil and gas operations on the African continent, betting on offshore exploration and the reactivation of onshore fields, while the institutional and regulatory context remains uncertain.

wpd completes the acquisition of Calycé’s wind activity and strengthens its presence in France

German group wpd takes over the teams and a portfolio of 17 wind projects from Calycé, consolidating its position in the French market and expanding its regional presence, particularly in the Grand Est, with the support of Envinergy.
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Graphano Energy unveils an initial resource estimate for the Lac Saguay graphite deposit

Graphano Energy announces an initial mineral resource estimate for its Lac Saguay graphite properties in Québec, highlighting immediate development potential near major transport routes, supported by independent analyses.

Schlumberger divests assets to secure approval from Canada’s Competition Bureau

The Competition Bureau has required Schlumberger to divest major assets to finalise the acquisition of ChampionX, thereby reducing the risks of market concentration in Canada’s oilfield services sector. —

Saturn Oil & Gas buys back over 1.6 million shares for C$3.46mn in Canada

Saturn Oil & Gas Inc. confirms the acquisition of 1,608,182 common shares for a total amount of USD3.46mn, as part of its public buyback offer in Canada, resulting in a reduction of its free float.
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Nuclear Waste in France: Experts Call for Strengthened Safety Measures

Experts have broadly approved France’s Cigéo deep nuclear waste repository project, highlighting technical uncertainties that demand stronger guarantees for long-term safety.

Stellantis ends its hydrogen van programme as market outlook remains limited

Manufacturer Stellantis halts production of its hydrogen-powered commercial vehicles, citing a lack of commercial prospects and an insufficient market, according to a statement released by the automotive group.

TotalEnergies in Mozambique: $4.7 bn US loan challenged in court by NGO

TotalEnergies’ Mozambique LNG gas project is at the centre of a legal challenge in Washington, following the approval of a $4.7 bn loan by the US Exim Bank, amid security concerns and opposition from civil society groups.
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The French solar federation organises itself amid current political and economic attacks

The National Solar Energy Federation, launched on 21 June and formalised on 14 July, brings together installers, equipment suppliers and financiers to defend photovoltaics against political criticism as Paris prepares a new energy roadmap.

London reinstates grants to accelerate electric-vehicle adoption

The British government is mobilising USD845mn to subsidise electric-car purchases, easing pressure on an industry hit by US tariffs and preparing for the 2030 ban on internal-combustion engines.

ShaMaran suspends production after explosion at HKN-operated site

An explosion at 07:00 at an HKN Energy facility forced ShaMaran Petroleum to shut the Sarsang field while an inquiry determines damage and the impact on regional exports.
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Tamarack Valley refinances USD 237 mn in bond debt and extends its maturities

The Canadian producer issues USD 237 mn in senior notes at 6.875 % to repay bank debt, repurchase USD 73 mn of 2027 notes and push most of its maturity schedule to 2030.

GE Vernova modernises TransnetBW’s key cross-border power hub in Germany

GE Vernova has secured a major contract to modernise the Kühmoos substation in Germany, enhancing grid reliability and integration capacity for power flows between Germany, France and Switzerland.

Hynamics UK and Hy24 join forces for £300mn green hydrogen project in Fawley

Hynamics UK and Hy24 have signed an exclusive agreement to develop the Fawley Green Hydrogen project, backed by the UK HAR2 scheme, to supply green hydrogen to ExxonMobil's petrochemical complex.
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Backbone Infrastructure Nigeria Limited launches $15bn refinery project in Nigeria

Backbone Infrastructure Nigeria Limited is investing $15bn to develop a 500,000-barrel-per-day oil refinery in Ondo State, a major project aimed at boosting Nigeria’s refining capacity.

PetroTal increases production by 15% in Q2 2025 and strengthens liquidity

PetroTal Corp. records production growth in the second quarter of 2025, improves its cash position and continues replacing key equipment at its main oil sites in Peru.

Arctech Brazil obtains FINAME certification and accelerates its regional expansion

Arctech Brazil has received FINAME certification from the National Bank for Economic and Social Development, making financing more accessible for its solar trackers and consolidating its role in the Latin American solar market.
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Canada allocates $16mn to modernise grids and drive energy innovation in the Maritimes

A federal funding package of $16mn aims to accelerate grid modernisation, renewable energy development and carbon capture in Canada’s Maritime provinces.

Permex Petroleum raises US$2mn through convertible debentures to support operations

Permex Petroleum Corporation has completed a US$2mn fundraising by issuing convertible debentures, aimed at strengthening its cash position, without using intermediaries, and targeting a single institutional investor.

France: Court Approves Sale of McPhy to John Cockerill Hydrogen

The Belfort commercial court has approved the sale of McPhy to John Cockerill Hydrogen, a €600,000 transaction involving majority retention of staff and an industrial project partially funded by European subsidies.

Rubis unveils half-year report on liquidity agreement with Exane BNP Paribas

Rubis announces half-year results of its liquidity agreement managed by Exane BNP Paribas, totalling 241,328 shares exchanged for an aggregate amount of €6.5mn in the first half of 2025.

France: Cigéo nuclear waste underground storage project makes significant progress

The French Cigéo project, designed to bury the most hazardous radioactive waste deep underground, obtains a crucial technical validation before its final authorization, expected by the end of 2027.
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EDF launches its nuclear Technocentre in Fessenheim, estimated investment of €450 million

EDF confirms the continuation of its industrial project in Fessenheim for recycling very low-level radioactive metals, a first in France requiring specific regulatory authorizations, following a public debate concluded last February.

NANO Nuclear signs strategic agreement with UrAmerica on Argentine uranium

NANO Nuclear Energy Inc. formalizes its collaboration with UrAmerica Ltd. to strengthen Argentina’s uranium supply, aiming to secure future nuclear fuel supply chains for the U.S. market.

Canada funds 13 Indigenous energy projects with $40mn investment

The Canadian government announces an investment of more than $40mn to fund 13 energy projects led by Indigenous communities across the country, aiming to improve energy efficiency and increase local renewable energy use.
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Mitrex sets world record with monumental urban solar facade

Mitrex secures Guinness Record for the largest integrated solar facade globally, combining photovoltaics and cultural art in Edmonton, covering over 30,000 square feet with installed capacity exceeding 265 kW.

VMOS secures USD 2 billion to finance its flagship Vaca Muerta project

VMOS signs a USD 2 billion loan to finance the construction of the Vaca Muerta South pipeline, aiming to boost Argentina's energy production while reducing costly natural gas imports.

Recurrent Energy launches 1,200 MWh storage project in Arizona

Canadian Solar's subsidiary commissions the Papago Storage facility, supplying electricity to Arizona Public Service to meet high summer demand, thus strengthening local energy capacity with a total potential of 1,800 MWh.
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Oceanic Wind and Coast Tsimshian secure permit for Canadian offshore wind

Oceanic Wind Energy Inc. and Coast Tsimshian Enterprises Ltd. secured an exclusive investigative use permit in the Hecate Strait, paving the way for Canada's first major offshore wind project, targeting capacity of up to 700 MW.

Argentina forecasts 180 Mmcd to become regional supplier and major LNG exporter

According to a Wood Mackenzie report, Argentina could achieve daily gas production of 180 million cubic metres per day by 2040, aiming to become a key regional supplier and a significant exporter of liquefied natural gas.

Framatome wins two major contracts to extend Belgian nuclear operations

Framatome has secured two significant contracts from Electrabel covering modernisation and technical support for the Tihange 3 and Doel 4 nuclear reactors, as part of their extension agreed upon between Engie and the Belgian government.
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Shell forecasts decline in key business activities in second quarter

Shell revises downward its forecasts for the second quarter of 2025, anticipating notably a decline in Integrated Gas and Upstream segments, impacted by reduced volumes and lower profitability in several major activities.

Chloris Geospatial raises $8.5M to scale satellite-based forest carbon monitoring

US-based Chloris Geospatial has raised $8.5M from international investors to expand its satellite-based forest monitoring capabilities and strengthen its commercial position in Europe, addressing growing demand in the carbon market.

Canada Awaits Private Sector Decision on Alberta-Pacific Pipeline

The Canadian government is now awaiting a concrete private-sector proposal to develop a new oil pipeline connecting Alberta to the Pacific coast, following recent legislation intended to expedite energy projects.
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Ottawa injects CAD21.5mn ($15.8mn) into new carbon capture projects

The federal government is funding three carbon capture, utilisation and storage initiatives in Alberta, strengthening national energy competitiveness and preparing infrastructure aligned with long-term emission-reduction goals.

Azevedo & Travassos acquires Petro-Victory to strengthen its Brazilian onshore portfolio

Brazilian producer Azevedo & Travassos will issue new shares to buy Petro-Victory and its forty-nine concessions, consolidating its onshore presence while taking on net debt of about USD39.5mn.

Subsea 7 secures sizeable subsea contract for Egyptian tie-back

The Luxembourg-based group will handle engineering, procurement, commissioning and installation of flexible pipelines and umbilicals to link a new field to Egypt’s existing offshore infrastructure, with offshore work scheduled for 2026.
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Ardian completes Akuo takeover and installs Bruno Bensasson at the helm

Investment fund Ardian finalises its takeover of Akuo and appoints former Électricité de France executive Bruno Bensasson to steer the renewable-energy developer’s growth towards five gigawatts of installed capacity by 2030.

European heatwave lifts power demand by 14 %

A record heatwave in late June–early July pushed up electricity consumption and prices, while unprecedented solar output averted blackouts, Ember reported on 4 July.