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SM Energy secures $3bn borrowing base with unanimous lender approval
Texas-based SM Energy gains full support from its banking syndicate, maintaining a $3bn borrowing base and easing short-term debt maturity terms.
PowerBank launches 1.76 MW solar project in New York State
PowerBank has signed a lease for a 1.76 MW ground-mounted solar project in upstate New York, aiming to power around 200 homes through a community-based programme.

Last Energy to install pilot microreactor at Texas A&M campus

US-based developer Last Energy will deploy its first domestic microreactor at Texas A&M-RELLIS, marking a strategic step in the advanced modular reactor race.
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Venture Global to release Q3 earnings on November 10
US LNG producer Venture Global will report its Q3 2025 financial results before markets open, followed by a conference call for investors.
Lightshift secures $75mn to finance 16 storage projects on the US East Coast
Lightshift Energy has secured $75mn in funding from KeyBanc to support six operational projects and launch ten more, in response to rising demand for electric storage on the US East Coast.

NextDecade secures $6.7bn funding for fifth LNG train in Texas

NextDecade confirmed a final investment decision for Train 5 at Rio Grande LNG, backed by full $6.7bn funding, marking its second decision in a month.
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Sigma Lithium joins Morgan Stanley’s national security index
Brazilian producer Sigma Lithium has been included in a thematic index by Morgan Stanley grouping US-listed companies considered essential to national security and strategic supply chains.
PGE takes full control of Poland’s second nuclear power plant project
PGE acquires ZE PAK's stake in the joint venture responsible for developing Poland’s second nuclear site, consolidating a strategic asset within its energy portfolio.

Aker BP and Halliburton complete first umbilical-less subsea tubing hanger installation

Halliburton and Aker BP have completed the first umbilical-less tubing hanger installation on the Norwegian continental shelf, paving the way for digitised offshore operations with reduced infrastructure.
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SLB net income drops to $739mn despite revenue boost from ChampionX integration
Energy services provider SLB saw its net income fall by 38% year on year in Q3 2025, even as the integration of ChampionX helped lift revenue by 4% sequentially.
McDermott completes first subsea project for TotalEnergies in Angola
The US group has finalised operations at the Begonia field, marking its first offshore deepwater intervention in Angola’s Block 17/06, located 150 kilometres off the coast.

EDF considers targeted asset sales to boost financial flexibility

EDF confirms it is exploring capital openings and calls for strict investment prioritisation, facing €54.3bn ($57.5bn) in debt and massive funding needs by 2040.
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Sudan engages Belarus to revive damaged energy infrastructure
Sudan seeks partnership with Belarus to rehabilitate its energy grid amid prolonged humanitarian, economic and logistical crisis.
Jihadist blockade in Mali disrupts fuel supply and electricity production
Prolonged attacks on fuel convoys have depleted stocks, destabilised power generation and disrupted economic activity in Bamako and surrounding regions.

Amazon and X-energy advance nuclear project with 12 small reactors

Amazon unveils new visuals of its upcoming nuclear site, marking a key step in its partnership with X-energy to deploy up to 960 MW of modular nuclear capacity in Washington state.
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EDF promises stable electricity prices in 2026 despite tariff reform
EDF’s CEO said electricity prices will remain under control in 2026 as a new pricing system is set to replace the previous mechanism from January 1.
Vestas suspends wind turbine plant project in Poland amid market weakness
Danish manufacturer Vestas has paused construction of its planned facility in Poland, originally set for 2026, citing weaker-than-expected European offshore wind demand.

AXIAN Energy takes control of 54 MWp solar plant in Zambia

AXIAN Energy has acquired a majority stake in the Bangweulu solar plant in Zambia, strengthening its pan-African solar strategy while entering a rapidly growing energy market.
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IMO delays maritime carbon tax talks by one year under Saudi-led motion
Talks on the Net-Zero Framework, which seeks to regulate greenhouse gas pricing on marine fuels, have been postponed until 2026 following a majority vote initiated by Saudi Arabia.
Petronas offers five LNG spot cargoes for late 2025 delivery
The Malaysian group launched three tenders to sell up to five liquefied natural gas cargoes in November and December, sourced from its Bintulu and PFLNG Dua facilities.
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Last Energy to install pilot microreactor at Texas A&M campus
Venture Global to release Q3 earnings on November 10
EDF commissions solar plant and smart grid in Maripasoula
EDP deploys 10 MWc solar park in Italy combined with livestock activity
French government plans to end tax benefits on B100 and E85 biofuels
France Publishes Offshore Wind Deployment Map by 2035 and 2050
The French government unveils its strategy to increase offshore wind capacity, targeting 18 GW by 2035 and 45 GW by 2050, through an ambitious call for tenders covering all maritime fronts.
Economics of Shale Projects: Rising Costs of Oil Production
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.

Avjet Holding fined 200,000 dollars for oil spill in Quebec

Avjet Holding Inc. was fined 200,000 dollars by the Quebec Court for violating the Canadian Environmental Protection Act following a spill of 4,900 liters of petroleum product in January 2023.
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TotalEnergies Invests USD 10.5 Billion in Suriname’s First Offshore Oil Project
TotalEnergies, in partnership with APA Corporation, has confirmed a USD 10.5 billion investment to develop Block 58 off the coast of Suriname. The project aims to exploit the oil resources from the Sapakara and Krabdagu fields, with reserves estimated at over 750 million barrels. The fields, located 150 kilometers offshore, will be developed using a Floating Production Storage and Offloading (FPSO) unit capable of processing up to 220,000 barrels per day.
OPEC cuts demand forecasts in the face of rising rival production
OPEC is revising its oil demand forecasts for 2024 and 2025 downwards, due to weak economic growth and increased supply from its competitors.

Chaberton Energy starts 2.9 MW solar project in Howard County

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Uganda: 21 activists arrested during a march against the EACOP project
In Uganda, 21 activists were arrested in Kampala for protesting against the EACOP oil project, backed by international players, highlighting the economic and geopolitical tensions surrounding this initiative.
Georgia launches its first refinery to secure its energy supply
Georgia begins construction of its first oil refinery at Kulevi, with the aim of reducing its dependence on Russian imports and strengthening its energy autonomy.

Masdar and TotalEnergies launch green hydrogen SAF project

Masdar and TotalEnergies are collaborating to transform green hydrogen into methanol and sustainable aviation fuel (SAF) in Abu Dhabi, aiming to decarbonize the aviation and shipping sectors.
SAF tanker
Zambia turns to South Africa and Zimbabwe for electricity
Zambia will import 200 MW of electricity from South Africa and Zimbabwe to compensate for severe power cuts caused by prolonged drought.
EDF inaugurates CEME 1, Chile’s largest solar power plant
EDF and Generadora Metropolitana launch CEME 1, a 480 MW solar power plant in the Atacama desert, to supply 500,000 homes.
Centrale solaire CEME 1

Pipeline rupture: South Sudan faces major economic crisis

South Sudan is facing a severe economic crisis following the rupture of a pipeline crucial to its oil exports. This situation accentuates inflation and plunges the population into growing insecurity.
Crise économique Soudan du Sud
European Energy secures 500MW of grid connections in Romania
European Energy obtains approval for 500 MW of wind and solar projects in Romania, taking a key step towards their realization.
Connexions réseau projets renouvelables Roumanie
United Kingdom: British General Election 2024
The 2024 UK general election pits the Labour Party and Conservative Party against each other with distinct energy visions focused on renewables and decarbonization strategies.
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France: Marine Energies create 8,300 jobs and increase sales by 2023

By 2023, marine renewable energies, dominated by offshore wind power, had generated over 8,300 jobs and doubled their sales, with strong growth in exports.
Croissance énergies marines renouvelables France
Ecuador: 11% increase in petrol prices triggers strong reactions
Ecuador is facing an almost 11% increase in the price of gasoline, a decision likely to provoke further protests in a country where fuel subsidies are a highly sensitive issue.
Fuel price increase Ecuador
Russia Exceeds OPEC+ Oil Production Quotas in May
In May, Russia exceeded OPEC+ production quotas, but is committed to meeting its obligations by September 2025.
Russie quotas production pétrole OPEC+

French start-up Hopium goes into receivership and falls on the stock market

French start-up Hopium, which promised the first hydrogen-powered sedan, has announced that it has been placed in receivership, leading to a 40% fall in its share price, but claims to have found the funding to continue its activities and develop its fuel cell technology.
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City of Richmond approves Raven SR bioenergy project
Raven SR takes a crucial step towards renewable hydrogen production by obtaining a permit for its bioenergy project in Richmond, California. This approval marks a significant step forward in the conversion of organic waste into clean fuels and contributes to the reduction of CO2 emissions.
Nigeria: President Buhari inaugurates a mega-refinery before its commissioning
Nigerian president inaugurates Dangote's mega-refinery, offering the prospect of solving shortages and creating revenue. However, analysts doubt the actual start-up date of the refinery, which could be delayed until the end of 2024.