L'Oréal

China imported 12.38 million barrels per day in November, the highest level since August 2023, driven by stronger refining margins and anticipation of 2026 quotas.
With the addition of Nguya FLNG to Tango, Eni secures 3 mtpa of capacity in Congo, locking in non-Russian volumes for Italy and positioning Brazzaville within the ranks of visible African LNG exporters.

Scatec sells 40% of Obelisk solar project in Egypt to Norfund and EDF

Scatec has signed two shareholder agreements for its 1.1GW hybrid project in Egypt, reducing its economic interest while retaining operational control.
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Japan’s JERA has signed a liquefied natural gas supply contract with India’s Torrent Power for four cargoes annually from 2027, marking a shift in its LNG portfolio toward South Asia.
The merger of TotalEnergies and Repsol’s UK assets into NEO NEXT+ creates a 250,000 barrels of oil equivalent per day operator, repositioning the majors in response to the UK’s fiscal regime and basin decline.

The United Kingdom reforms its nuclear regulation to reduce construction costs

London launches a complete regulatory overhaul of its nuclear industry to shorten authorisation timelines, expand eligible sites, and lower construction and financing costs.
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Climate requirements imposed by the European due diligence directive are complicating trade relations between the European Union and Qatar, jeopardising long-term gas supply as the global LNG market undergoes major shifts.
New Delhi formalises a 307 GW coal capacity cap by 2035, integrating existing projects without initiating closure policies, within a regulatory framework that remains flexible.

Edison to invest €600mn in over 500 MW of renewable projects in 2026

Edison plans to launch over 500 MW of new wind and solar construction sites in Italy in 2026, backed by a €600mn ($647mn) investment, as part of its strategic growth plan in renewable energy.
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Plug Power will supply a 5MW PEM electrolyser to Hy2gen’s Sunrhyse project in Signes, marking a key step in expanding RFNBO-certified hydrogen in southern France.
Finland's Ministry of Economic Affairs extends the deadline to June 2026 for the regulator to complete its review of the operating licence for the Olkiluoto spent nuclear fuel repository.

BKW prepares four battery projects to invest in storage in Switzerland

BKW is conducting feasibility studies on four sites to assess the profitability and development conditions for large-scale battery storage installations in Switzerland.
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Framatome will replace several digital control systems at the Columbia plant in the United States under a contract awarded by Energy Northwest.
The French subsidiary of Solarwatt has filed for court-ordered restructuring, hit by reduced public subsidies and a downturn in the residential solar segment.

Washington secures Guyana’s oil industry as tensions rise with Caracas

The United States reaffirmed its military commitment to Guyana, effectively securing access to its rapidly expanding oil production amid persistent border tensions with Venezuela.
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The conditional green light from the nuclear regulator moves Cigéo into its final regulatory stage, while shifting the risks towards financing, territorial negotiations and industrial execution.
New Delhi and Moscow strengthen their energy corridor despite US tariff and regulatory pressure, maintaining oil flows supported by alternative logistical and financial mechanisms.

Promigas acquires 3.5 GW of solar assets from Zelestra in Latin America

Zelestra sells its Latin American platform to Promigas, including 1.4 GW of operational or under-construction assets and 2.1 GW of advanced-stage projects in Chile, Peru and Colombia.
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Sanctioned tanker Kairos, abandoned after a Ukrainian drone attack, ran aground off Bulgaria’s coast, exposing growing legal and operational risks tied to Russia’s shadow fleet in the Black Sea.
The drone strike confirmed by the IAEA on the Chernobyl site vault exposes Ukraine to a nuclear risk under armed conflict, forcing the EBRD to finance partial restoration while industry standards must now account for drone threats.
Axiom Oil and Gas is suing Tidewater Midstream for $110mn over a gas handling dispute tied to a property for sale in the Brazeau region, with bids due this week.
Tokyo Gas has signed a 20-year agreement with US-based Venture Global to purchase one million tonnes per year of liquefied natural gas starting in 2030, reinforcing energy flows between Japan and the United States.

Venture Global accuses Shell of commercial sabotage amid gas supply dispute

Venture Global accuses Shell of deliberately harming its operations over three years amid a conflict over spot market liquefied natural gas sales outside long-term contracts.
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TotalEnergies ends operations of its Le Havre floating LNG terminal, installed after the 2022 energy crisis, due to its complete inactivity since August 2024.
Golar LNG has completed a $1.2bn refinancing for its floating LNG unit Gimi, securing extended financing terms and releasing net liquidity to strengthen its position in the liquefied natural gas market.

Woodside and East Timor target LNG production from Sunrise by 2032

Woodside Energy and East Timor have reached an agreement to assess the commercial viability of a 5 million-tonne liquefied natural gas project from the Greater Sunrise field, with first exports targeted between 2032 and 2035.
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In California, electricity production from natural gas is falling as solar continues to rise, especially between noon and 5 p.m., according to 2025 data from local grid authorities.
NextDecade has launched the pre-filing procedure to expand Rio Grande LNG with a sixth train, leveraging a political and commercial context favourable to US liquefied natural gas exports.

Condor boosts output to 11,844 barrels/day through strategic investment in Uzbekistan

Condor Energies has completed drilling its first horizontal well in Uzbekistan, supported by two recompletions that increased daily production to 11,844 barrels of oil equivalent.
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WhiteWater expands the Eiger Express pipeline in Texas, boosting its transport capacity to 3.7 billion cubic feet per day following new long-term contractual commitments.
The challenge to permits granted for the NESE project revives tensions between gas supply imperatives and regulatory consistency, as legal risks mount for regulators and developers.

Brazil reforms the LPG market and reignites battle between Petrobras and the Big 4

Brasilia is preparing a regulatory overhaul of the LPG sector to break down entry barriers in a market dominated by Petrobras and four major distributors, as the Gás do Povo social programme intensifies pressure on prices.
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The lifting of force majeure on the Rovuma LNG project puts Mozambique back on the global liquefied natural gas map, with a targeted capacity of 18 Mt/year and a narrowing strategic window to secure financing.
BW Energy has identified liquid hydrocarbons at the Kudu gas field in Namibia, altering the nature of the project initially designed for electricity production from dry gas.

U.S. associated gas output rises 6% on Permian crude surge

Rising oil production in 2024 boosted associated natural gas to 18.5 billion cubic feet per day, driven by increased activity in the Permian region.
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Sonatrach has concluded a new partnership with TotalEnergies, including a liquefied natural gas supply contract through 2025, amid a strategic shift in energy flows towards Europe.
McDermott has signed a contract amendment with Golden Pass LNG Terminal to complete Trains 2 and 3 of the liquefied natural gas export terminal in Texas, continuing its role as lead partner on the project.

Exxon Mobil takes 40% stake in Bahia pipeline project

Exxon Mobil will acquire a 40% stake in the Bahia pipeline and co-finance its expansion to transport up to 1 million barrels per day of natural gas liquids from the Permian Basin.
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The German state is multiplying LNG infrastructure projects in the North Sea and the Baltic Sea to secure supplies, with five floating terminals under public supervision under development.
Aramco has signed 17 new memoranda of understanding with U.S. companies, covering LNG, advanced materials and financial services, with a potential value exceeding $30 billion.