BLM

Nuvve Holding Corp. plans three 2MW battery installations in Eastern Zealand to strengthen the Danish grid and optimise revenues through its proprietary software platform.
With the commissioning of the Badr-15 well, Egypt reaffirms its commitment to energy security through public investment in gas exploration, amid declining output from its mature fields.

E.ON warns of uncertainty surrounding German grid revenue reform

E.ON warns about the new German regulatory framework that could undermine profitability of grid investments from 2029.
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EDF has announced that the Flamanville EPR reactor is now operating at 80% of its capacity. The target of reaching full output by the end of autumn remains confirmed by the utility.
A $430mn funding package will be allocated by the World Bank to Tunisia to modernise its electrical grid and strengthen its integration with renewable capacity, aiming to attract $2.8bn in private investments.

European Union prepares quotas to mandate locally produced low-carbon steel in public procurement

The European Commission is developing a scheme mandating a minimum share of EU-made low-carbon steel in public procurement, alongside a post-safeguard trade regime and targeted energy support to sustain the continental steel industry.
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US-based Venture Global has signed a long-term liquefied natural gas (LNG) export agreement with Japan’s Mitsui, covering 1 MTPA over twenty years starting in 2029.
Mizuho Lease initiates a takeover bid for Japan Infrastructure Fund, targeting its delisting and a strengthened partnership with Marubeni in solar asset management.

Massive outage in the Dominican Republic: 85% of the grid still down

A major blackout has disrupted electricity supply across the Dominican Republic, impacting transport, tourism and infrastructure nationwide. Authorities state that recovery is underway despite the widespread impact.
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HS Hyosung partners with Umicore to produce silicon anodes, a key material for next-generation batteries, through a €120 mn investment to strengthen its position in energy storage.
Saudi Aramco cuts its official selling price for Arab Light crude in Asia, responding to Brent-Dubai spread pressure and potential impact of US sanctions on Russian oil.

New process improves high-temperature stability of perovskite solar cells

A joint research team in China has developed an innovative molecular strategy to enhance thermal stability and efficiency of perovskite solar cells, paving the way for large-scale production.
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Sunsure Energy will supply Deepak Fertilisers with 19.36 MW of hybrid solar and wind power, delivering 55 mn units of electricity annually to its industrial facility in Raigad, Maharashtra.
Vietnam is consolidating its regulatory and financial framework to decarbonise its economy, structure a national carbon market, and attract foreign investment in its long-term energy strategy.

DMEGC Solar secures TÜV SÜD certification for its 655 W photovoltaic module

DMEGC Solar received TÜV SÜD certification for its Infinity G12RT-B66 photovoltaic module series, reaching a peak output of 655 W, with mass production scheduled for the first quarter of 2026.
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TotalEnergies has signed a 15-year renewable power agreement with Google to supply its data centres in Ohio through a solar plant connected to the PJM grid.
LG Energy Solution partners with South 8 Technologies to develop lithium-ion batteries capable of operating at -60 °C, strengthening its position in the space sector alongside KULR Technology Group and NASA.

Statkraft launches 340 MWp of solar and hybrid projects in Brazil

Statkraft strengthens its presence in Brazil with three new solar and hybrid plants representing an investment of NOK2.3bn ($211mn), consolidating its strategy in a fast-growing energy market.
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The accelerated approval of the Aurora facility’s nuclear safety plan marks a strategic milestone in rebuilding a domestic nuclear fuel production line in the United States.
The removal of two Brazilian refiners and Petrobras’ pricing offensive reshuffle spot volumes around Santos and Paranaguá, shifting competition ahead of a planned tax increase in early 2026.
Commodities trader Gunvor confirmed that the assets acquired from Lukoil will not return under Russian control, despite potential sanction relief, amid growing regulatory pressure.
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.

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.
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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.
Sanctions imposed by the U.S. and the U.K. are paralyzing Lukoil's operations in Iraq, Finland, and Switzerland, putting its foreign businesses and local partners at risk.

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.
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BP sells non-controlling stakes in its Permian and Eagle Ford midstream infrastructure to Sixth Street for $1.5 billion while retaining operational control.
Angola enters exclusive negotiations with Shell for the development of offshore blocks 19, 34, and 35, a strategic initiative aimed at stabilizing its oil production around one million barrels per day.

Chad aims to double its oil production to 250,000 barrels per day by 2030

Faced with declining production, Chad is betting on an ambitious strategy to double its oil output by 2030, relying on public investments in infrastructure and sector governance.
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The SANAD drilling joint venture will resume operations with two suspended rigs, expected to restart in March and June 2026, with contract extensions equal to the suspension period.
Dragon Oil, a subsidiary of Emirates National Oil Company, partners with PETRONAS to enhance technical and commercial cooperation in oil and gas exploration and production.

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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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.
The US oil giant beat market forecasts in the third quarter, despite declining results and a context marked by falling hydrocarbon prices.

Vallourec secures over 20,000-ton pipeline contract in Brazil

The French group will supply carbon steel pipelines to TechnipFMC for the offshore Orca project, strengthening its strategic position in the Brazilian market.
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The American oil major saw its revenue decline in the third quarter, affected by lower crude prices and refining margins, despite record volumes in Guyana and the Permian Basin.
Gabon strengthens its oil ambitions by partnering with BP and ExxonMobil to relaunch deep offshore exploration, as nearly 70% of its subsea domain remains unexplored.

Bulgaria halts fuel exports to EU after sanctions on Lukoil

Sofia temporarily restricts diesel and jet fuel exports to safeguard domestic supply following US sanctions targeting Lukoil, the country’s leading oil operator.
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Swiss trader Gunvor will acquire Lukoil’s African stakes as the Russian company retreats in response to new US sanctions targeting its overseas operations.
An agreement between Transpetro, Petrobras and the government of Amapá provides for the construction of an industrial complex dedicated to oil and gas, consolidating the state's strategic position on the Equatorial Margin.