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.
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.
Qatar warns it could halt its liquefied natural gas (LNG) deliveries to the European Union if the CSDDD directive is not softened, a move that reignites tensions surrounding Brussels' new sustainability regulations.
The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity.
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Tenergie renovated the roof of an industrial hangar at a limestone quarry in Bouches-du-Rhône and installed a 270 kWc solar plant under a 25-year lease agreement with no upfront cost for the company.
Baltic Storage Platform secures a record €85.6mn ($90.6mn) to develop two battery energy storage sites in Estonia, marking the first such financing in the Baltics based solely on storage revenue streams.
The French group will supply carbon steel pipelines to TechnipFMC for the offshore Orca project, strengthening its strategic position in the Brazilian market.
Energy group REDEN has commissioned a 3-hectare agrivoltaic greenhouse in Montaut, Ariège, combining specialised agricultural production and electricity generation on a single family-run site.
Ahead of Hyd’Occ’s commissioning, Qair hosts hydrogen sector operators and decision-makers in Béziers to coordinate the industrial integration of local production into regional transport.
Shanghai Electric strengthens its position in the global nuclear fusion supply chain with strategic equipment deliveries for the ITER project in France and CRAFT in China.
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.
Sofia temporarily restricts diesel and jet fuel exports to safeguard domestic supply following US sanctions targeting Lukoil, the country’s leading oil operator.
Swiss trader Gunvor will acquire Lukoil’s African stakes as the Russian company retreats in response to new US sanctions targeting its overseas operations.
Enedis plans a €250mn ($264mn) investment to strengthen Marseille’s electricity grid by 2030, including the full removal of paper-insulated cables and support for the port’s electrification.
Electrabel has entrusted Framatome with upgrading the control system of the Tihange 3 reactor, reinforcing Belgium’s nuclear extension strategy launched in 2023.
Joint venture Baltic Storage Platform has secured €85.6mn ($90.7mn) to build two energy storage systems in Estonia, forming one of continental Europe’s largest battery complexes.
Third-quarter results show strong resilience from European majors, supported by improved margins, increased production and extended share buyback programmes.
Schneider Electric reaffirmed its annual targets after reporting 9% organic growth in Q3, driven by data centres and manufacturing, despite a negative currency effect of €466mn ($492mn).
The French industrial gas group issued bonds with an average rate below 3% to secure the strategic acquisition of DIG Airgas, its largest transaction in a decade.
Elogen will supply a 1 MW PEM electrolyser for a cogeneration plant operated by Veolia Energia Slovensko, in partnership with RoyalStav, near Žiar nad Hronom.
Poland’s energy minister calls on European Union member states to collectively commit to halting Russian oil purchases within two years, citing increasing geopolitical risks.
The European Commission and the United States plan to intensify their economic measures against Russia, targeting the energy sector and cryptocurrencies in a new sanctions package.
European powers demand concrete steps from Tehran on nuclear issue or United Nations sanctions will be reinstated, as IAEA inspections remain blocked and tensions with Washington persist.
Russia and Indonesia overtook Australia as South Korea's top thermal coal suppliers in August, driven by lower prices and more reliable logistics amid persistent Australian shipment delays.
QatarEnergy, TotalEnergies and Basra Oil Company begin construction of the final infrastructure components of Iraq’s integrated gas project, mobilising more than $13bn in investments to modernise the country’s energy supply.
A Ukrainian national arrested in Italy will be extradited to Germany, where he is suspected of coordinating the 2022 attack on the Nord Stream 1 and 2 gas pipelines in the Baltic Sea.
French group Nexans has begun installing a high-voltage submarine cable between Sardinia and Sicily, reaching an unprecedented depth of 2,150 metres as part of a project led by Italian grid operator Terna.
Several subsurface stimulation techniques aim to generate hydrogen in situ at low cost. Pilots are advancing, but heterogeneous Technology Readiness Levels (TRL), geological uncertainties, and monitoring requirements are slowing investment.
Cairo has concluded three new exploration agreements with Apache, Dragon Oil and Perenco, for a total investment of over $121mn, as national gas output continues to decline.
ACWA Power secures the NOOR Midelt 2 and 3 solar-storage project in Morocco, outbidding European and Emirati competitors, with decisive backing from Gotion High-Tech’s storage technology.
The Iris carrier, part of the Arctic LNG 2 project, docked at China’s Beihai terminal despite US and EU sanctions, signalling intensifying gas flows between Russia and China.
The accelerated arrival of Russian cargoes in China has lowered Asian spot LNG prices, but traffic is set to slow with the seasonal closure of the Northern Sea Route.
Shipments of liquefied natural gas and higher pipeline flows strengthen China’s gas optionality, while testing the sanctions regime and reshaping price–volume trade-offs for the next decade.
EDP Renováveis has completed the sale of twelve operational wind farms in France and Belgium to Amundi Transition Energétique for an enterprise value of €200mn ($215mn).
Independent power producer UNITe has been selected to develop two solar power plants on municipal land in Avèze and Malauzat, following a call for tenders by the French Energy Regulatory Commission.
Viridien takes a strategic stake in Mantle8 to boost natural hydrogen exploration across Europe, the Middle East and Africa by combining geological data and seismic detection technologies.
French steel tube manufacturer Vallourec has secured a strategic agreement with Petrobras, covering complete offshore well solutions from 2026 to 2029.
Brussels confirms its target to end all Russian energy imports by 2028, despite growing diplomatic pressure from Washington amid the ongoing conflict in Ukraine.
Kazakhstan has signed an agreement with Nukem Technologies Engineering Services GmbH to benefit from German expertise in nuclear decommissioning and radioactive waste management.
