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Subsea7 has secured a subsea installation contract from LLOG for the Buckskin South project, scheduled for execution between 2026 and 2027, strengthening its position in the Gulf of Mexico and boosting its order book visibility.
Global crude oil production is expected to rise by 0.8 million barrels per day in 2026, with Brazil, Guyana and Argentina contributing 50% of the projected increase.

Fukushima wind power milestone as Kagurayama begins operations

The Kagurayama onshore wind farm (61.1 MW) begins operations under a secured 2017 FIT tariff, despite grid injection limits and a multi-stakeholder local governance model.
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Canadian company Vision Lithium has completed a private placement of 14 mn flow-through shares totalling $209,000 to support its mineral exploration projects in Québec.
Woodbridge Ventures II Inc. signs definitive agreement with Greenflame Resources for a transformative merger, alongside a concurrent financing of up to $10mn.

US oil blockade on Venezuela disrupts maritime shipments

Interceptions of ships linked to Venezuelan oil are increasing, pushing shipowners to suspend operations as PDVSA struggles to recover from a cyberattack that disrupted its logistical systems.
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The Trump administration has ordered the immediate halt of five major offshore wind construction sites in the Atlantic, citing national security threats and drawing mixed reactions from industry and political circles.
Policy reversals, reduced performance and corporate disengagement marked an unprecedented slowdown in wind power in 2025, although China continued its expansion at a steady pace.

Nexans sells Autoelectric to Motherson for €207mn, completing its strategic shift

French group Nexans initiates the sale of its Autoelectric subsidiary to India’s Motherson for €207mn ($227mn), marking its full exit from non-electrification activities.
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Matrix Renewables has signed a turnkey agreement with Tesla to develop a 1 GWh battery energy storage system in Scotland, marking its first standalone project of this kind in the UK.
Swedish group Orrön Energy is selling a portfolio of development-stage solar projects to Gülermak for up to €14mn, including an initial €0.7mn payment and additional milestone-based consideration.

Brussels investigates €30bn public loan for two reactors in Czechia

The European Commission opens an in-depth investigation into Prague's public funding of a major nuclear project, which could reach €30bn ($32.88bn), with guaranteed revenues over forty years.
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Bourbon enters a new strategic phase following the arrival of Davidson Kempner and Fortress, who have become majority shareholders after a financial restructuring approved by the French courts.
Harbour Energy acquires US offshore operator LLOG for $3.2bn, adding 271 million barrels in reserves and establishing a fifth operational hub in the Gulf of Mexico.

France: electricity bills to remain stable in 2026 despite the end of Arenh

The Ministry of the Economy forecasts stable regulated tariffs in 2026 and 2027 for 19.75 million households, despite the removal of the Arenh mechanism and the implementation of a new tariff framework.
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The federation of the electricity sector proposes a comprehensive plan to reduce dependence on fossil fuels by replacing their use in transport, industry and housing with locally produced electricity.
The agreement signed with Afreximbank marks a strategic shift for Heirs Energies, aiming to scale up its exploration and production operations on Nigeria's OML 17 oil block.

Nigeria appoints Oritsemeyiwa Eyesan to lead NUPRC in upstream sector overhaul

Oritsemeyiwa Eyesan’s appointment as head of Nigeria’s oil regulator marks a strategic shift as the country targets $10bn in upstream investment through regulatory reform and transparent licensing.
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European Energy increases the capacity of its Måde Power-to-X site to 8.1 MW, with a new electrolyser in service and ongoing tests for commercial production in 2026.
Baghdad states that all international companies operating in Kurdistan’s oil fields must transfer their production to state marketer SOMO, under the agreement signed with Erbil in September.
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.
GE Vernova will equip the Gurbanesti wind farm with 42 onshore 6.1 MW turbines in a second deal with Greenvolt in Romania, consolidating a combined capacity of around 500 MW.

RWE secures 68 MW of renewable capacity in Italy’s FER-X auction

RWE has secured contracts for four renewable energy projects totalling 68 MW in Italy, with construction set to begin in 2026, reinforcing its expansion strategy in the market.
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RWE and TotalEnergies will install 66 Reef cubes® around the foundations of 11 turbines at the OranjeWind wind farm, marking one of the largest applications of artificial reefs in the North Sea.
Swedish energy group Vattenfall introduces "Rewind", an interactive platform designed to commercially repurpose technical parts from dismantled wind turbines.

Onshore wind in Southeast Asia held back by rigid policies and congested grids

The rapid growth of onshore wind in Southeast Asia is at risk due to inflexible public policies and inadequate power transmission infrastructure.
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Enefit Green has sold its only wind farm in Finland to Canadian fund TD Greystone Infrastructure Fund, refocusing operations on the Baltic states and Poland in a regional concentration strategy.
McDonald’s UK commits to purchasing all electricity from the Douglas West Extension Wind Farm, a 66 MW project developed by Capital Dynamics in Scotland, under a long-term agreement managed by ENGIE.

OX2 strengthens presence in Romania with 235 MW of acquired wind projects

Swedish developer OX2 acquires three onshore wind projects totalling 235 MW in Romania, pushing its portfolio beyond 1.1 GW in a rapidly growing market.
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Danish group Vestas is expanding its blade plant in Poland and creating more than 300 jobs to supply turbines to Germany, the leading onshore wind market in Europe.
The UK government has approved the development consent for the 480 MW Morecambe offshore wind farm, a project led by Copenhagen Infrastructure Partners and scheduled to enter construction in 2027.

Infinity Power launches construction of 200 MW wind farm in Egypt

Infinity Power has started work on its 200 MW wind project in Ras Ghareb, strengthening its position in the African market with technical support from China's POWERCHINA Huadong.
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A partnership between the European Investment Bank and Crédit Agricole CIB aims to generate up to €8 billion in wind energy investments across the European Union through a bank guarantee mechanism.
With a €600mn ($652mn) contribution, the European Investment Bank becomes the main lender of the BC-Wind offshore wind project developed by Ocean Winds off the Polish coast.

Cadeler receives Wind Mover and doubles its fleet within twelve months

Cadeler has taken delivery of its tenth wind turbine installation vessel, Wind Mover, delivered ahead of schedule and immediately deployed in Europe, strengthening its capabilities amid rising industrial demand.
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Levanta Renewables partners with Triconti Windkraft Group to develop an onshore wind farm in Quezon province, scheduled to begin operations in 2028.
BW Ideol Projects Company acquires a minority stake in the Méditerranée Grand Large project, strengthening its partnership with EDF power solutions and Maple Power in the Mediterranean floating offshore wind sector.

Octopus Energy mobilises $450mn for energy projects in sub-Saharan Africa

Octopus Energy joins a global initiative to accelerate renewable energy deployment in Africa, committing $450mn through its Power Africa programme to supply electricity to more than one million people.
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Australian energy provider Snowy Hydro has secured long-term agreements with Aula Energy and TagEnergy, adding 120 MW of wind power and 105 MW of battery storage to its national portfolio.
The He Dreiht offshore wind farm delivers its first MWh as the German auction model stalls, offering EnBW and its institutional investors a strategic showcase.