Ncondezi Energy Limited

Work has begun at the Bailong and Lufeng sites with concrete poured for the nuclear islands, marking the start of construction for two CAP1000 reactors.
Eni and Repsol are facing difficulties recovering payments for gas deliveries to Venezuela, with an outstanding balance of $6bn and no clear engagement from U.S. authorities on the matter.

India’s Russian oil imports drop in January as Reliance expects no deliveries

India’s crude imports from Russia could hit an eighteen-month low as Reliance Industries anticipates no shipments in January due to logistical and commercial disruptions.
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French group Orano receives USD900mn in public support to establish a new uranium enrichment facility in Tennessee, as part of a broader US nuclear sector revival plan.
Japan’s nuclear restart effort stalls after Chubu Electric acknowledged a possibly flawed seismic risk estimate at its Hamaoka facility under regulatory review.

Eni consolidates refining operations under new industrial entity

Eni has transferred its traditional refining branch to Eni Industrial Evolution, a new company dedicated to managing its industrial assets in Europe and the Middle East.
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German group Nordex has secured two major contracts totalling 508 MW in Canada, introducing its new N175/6.X turbine to the market for the first time.
Inox Clean Energy acquires 300 MW of solar assets for $111mn from SunSource Energy, a subsidiary of SHV Energy, as it prepares a new public listing following the withdrawal of its previous IPO plan.

Germany’s renewable share reaches 58.8% in 2025

Renewable energy growth in Germany slowed in 2025, despite solar surpassing lignite for the first time.
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Russia has connected its first 1,250 MW VVER-TOI reactor at the Kursk II nuclear power plant to the grid, signalling a key step toward full commissioning by 2034.
Chevron has launched production at the South N’dola field in Block 0 offshore Angola, leveraging existing infrastructure to support its investment strategy in offshore hydrocarbons.

Clotaire Kondja appointed Gabon’s Oil and Gas Minister amid industry challenges

Former Vaalco executive Clotaire Kondja takes over as Gabon’s Oil and Gas Minister as the country faces declining investment and stagnant crude output.
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The Democratic Republic of Congo imposes strict cobalt export limits for 2026, tightening global supply amid sustained demand and paving the way for Indonesia and recycling to play a larger role.
The UK's $1.15bn funding withdrawal exposes the Mozambique LNG project to international political reversals, highlighting structural risks for large African energy projects reliant on foreign backers.

Japan inaugurates its first commercial floating wind farm in Goto

Japan's first commercial floating offshore wind farm, with a capacity of 16.8 MW, officially enters service using a locally developed hybrid technology.
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Chubu Electric acknowledged a methodological discrepancy in the seismic evaluation of two nuclear reactors, a situation that could weigh on the restart of nuclear operations in Japan.
Swiss asset manager completes the lifecycle of its SREF II fund with the sale of an onshore wind portfolio to Danish utility NRGi Renewables.

Osaka Gas commissions Unit 1 of its 1.25 GW gas power plant in Himeji

Osaka Gas has launched operations at the first unit of its new gas-fired power plant in Himeji, marking a key step in expanding its national electricity production capacity.
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Denison Mines is set to commit CAD600mn ($437mn) to build Phoenix, the first large-scale uranium mine developed in Canada in over a decade, with production expected by mid-2028.
Phillips 66 Limited has reached an agreement to acquire Lindsey Oil Refinery assets, which will be absorbed into the Humber Refinery to reinforce fuel supply across the United Kingdom.
Potentia Energy has secured $553mn in financing to optimise its operational renewable assets and support the delivery of six new projects totalling over 600 MW of capacity across Australia.
Drax plans to convert its 1,000-acre site in Yorkshire into a data centre by 2027, repurposing former coal infrastructure and existing grid connections.

EDF installs 180-tonne synchronous compensator in Guadeloupe to secure power grid

EDF has inaugurated a synchronous compensator in Guadeloupe to enhance the stability of an isolated power grid, an unprecedented initiative aiming to reduce dependence on thermal plants and the risk of prolonged outages.
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NGE and the Agence Régionale Énergie Climat Occitanie form a partnership to develop a heating and cooling network designed to support economic activity in the Magna Porta zone, with locally integrated production solutions.
GEODIS and EDF have signed a strategic partnership to cut emissions from logistics and energy flows, with projects planned in France and abroad.

ExxonMobil cuts $10 billion from its low-carbon plans by 2030

The American oil group now plans to invest $20 billion in low-emission technologies by 2030, down from the $30 billion initially announced one year earlier.
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BHP sells a minority stake in its Western Australia Iron Ore power network to Global Infrastructure Partners for $2 billion, retaining strategic control while securing long-term funding for its mining expansion.
More than $80bn in overseas cleantech investments in one year reveal China’s strategy to export solar and battery overcapacity while bypassing Western trade barriers by establishing industrial operations across the Global South.

Exxaro expands its energy assets and strengthens renewable capacity

Exxaro increases its energy portfolio in South Africa with new wind and solar assets to secure power supply for operations and expand its role in independent generation.
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Plenitude acquires full ownership of ACEA Energia for up to €587mn, adding 1.4 million customers to its portfolio and reaching its European commercial target ahead of schedule.
ABB invests in UK-based start-up OctaiPipe to strengthen its smart energy-saving solutions for data centre infrastructure.

Enbridge forecasts EBITDA up to CAD20.8bn for 2026 and raises dividend

Enbridge has announced a 3% increase in its annual dividend for 2026 and expects steady revenue growth, with up to CAD20.8bn ($15.2bn) in EBITDA and CAD10bn ($7.3bn) in capital investment.
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Axess Group has signed a memorandum of understanding with ARO Drilling to deliver asset integrity management services across its fleet, integrating digital technologies to optimise operations.
South African state utility Eskom expects a second consecutive year of profit, supported by tariff increases, lower debt levels and improved operations.

Equans launches new entity for industries with complex processes

Equans Process Solutions brings together its expertise to support highly technical industrial sectors with an integrated offer covering the entire project lifecycle in France and abroad.
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Zenith Energy centres its strategy on a $572.65mn ICSID claim against Tunisia, an Italian solar portfolio and uranium permits, amid financial strain and reliance on capital markets.
Ivanhoe Mines expects a 67% increase in electricity consumption at its copper mine in DRC, supported by new hydroelectric, solar and imported supply sources.

Q ENERGY France and AMRF sign agreement to accelerate rural electrification

Q ENERGY France and the Association of Rural Mayors of France have entered a strategic partnership to develop local electrification and support France's energy sovereignty through rural territories.
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ACWA Power, Badeel and SAPCO have secured $8.2bn in financing to develop seven solar and wind power plants with a combined capacity of 15 GW in Saudi Arabia, under the national programme overseen by the Ministry of Energy.
Hydro-Québec reports a 29% increase in net income over nine months in 2025, supported by a profitable export strategy and financial gains from an asset sale.