SENER

The Foster Clean Power project in Humboldt County combines 9.4 MW of solar capacity and 10 MWh of battery storage under a power purchase agreement with Redwood Coast Energy Authority.
Mazama Energy has completed the creation of the world’s hottest Enhanced Geothermal System, paving the way for low-cost, high-density baseload power aimed at data centres and heavy industry.

Argentina appeals $16.1bn judgment linked to YPF nationalisation

Argentina seeks to overturn a U.S. court ruling ordering it to pay $16.1bn to two YPF shareholders after the 2012 partial expropriation of the oil group.
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A modelling study finds India does not need new coal plants beyond current plans through 2032, as overcapacity would raise costs and reduce utilisation across the thermal fleet.
With a 5.6% increase in net profit over nine months, Naturgy expects to exceed €2bn in 2025, while launching a takeover bid for 10% of its capital and engaging in Spain’s nuclear debate.

Norwegian fund generates €88 billion in gains through financial markets

Norway's sovereign wealth fund generated a €88 billion profit in the third quarter, largely driven by equity market performances in commodities, telecommunications, and finance.
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Austrian energy group OMV reported a 20% increase in operating profit in Q3 2025, driven by strong performance in fuels and petrochemicals, despite a decline in total revenue.
The German regulator is preparing a reform favourable to grid operators, aiming to adjust returns and efficiency rules from 2028 for gas pipelines and 2029 for electricity networks.

Elogen to deliver electrolyser to RoyalStav and Veolia for project in Slovakia

Elogen will supply a 1 MW PEM electrolyser for a cogeneration plant operated by Veolia Energia Slovensko, in partnership with RoyalStav, near Žiar nad Hronom.
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The United States has issued a general license allowing transactions with two German subsidiaries of Rosneft, giving Berlin until April 2026 to resolve their ownership status.
An independent report estimates 13.03 billion barrels of potential oil resources in Greenland’s Jameson Land Basin, placing the site among the largest undeveloped fields globally.

NorthX injects $3.4mn into four Canadian carbon removal startups

NorthX Climate Tech strengthens its portfolio by investing in four carbon dioxide removal companies, reinforcing Canada’s position in a rapidly expanding global market.
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US-based asset manager Global X has unveiled a new index fund focused on the natural gas value chain, capitalising on the growing momentum of liquified natural gas exports.
Equinor reported 7% production growth and strong cash flow, despite lower hydrocarbon prices weighing on net results in the third quarter of 2025.

80 Mile PLC takes full control of Ferrandina and signs three key agreements in Italy

80 Mile PLC has completed the full acquisition of Ferrandina in Italy and signed three memorandums of understanding with major energy groups, securing the supply and processing of 120,000 tonnes of biofuels per year.
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Hitachi joins Washington and Tokyo in strategic projects to modernise the US grid and back artificial intelligence expansion through nuclear and electrification investments.
Stardust Solar reports its first-ever positive EBITDA, driven by a 99% jump in quarterly revenue and a record inflow of signed contracts.

Sinopec posts 32% drop in nine-month net profit on oil and fuel slump

Impacted by falling oil prices and weak fuel sales, Sinopec reports a sharp decline in profitability over the first three quarters, with a strategic shift toward higher-margin products.
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Bill Gates urges governments and investors to prioritise adaptation to warming effects, advocating for increased funding in health and development across vulnerable countries.
Canadian Solar’s subsidiary has completed the commercial operation of a battery storage project in Mannum, marking a key milestone in the large-scale energy deployment in southern Australia.
Viktor Orban says he is working to bypass recent US sanctions targeting Rosneft and Lukoil, underscoring Hungary’s continued reliance on Russian hydrocarbons.
Traceability requirements from the EU (European Union) on fuel origin are reshaping Indian refined flows, with a shift toward Africa and Brazil supported by local premiums and a decline in Russian exports.

Washington hits Rosneft and Lukoil, EU tightens, Brent climbs

U.S. sanctions targeting Rosneft and Lukoil trigger a rebound in oil, while the European Union prepares a clampdown on liquefied natural gas and maritime logistics, with immediate repercussions for markets and Russia’s export chain.
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Ten days before COP30, Brazil awarded five offshore oil blocks for over $19mn, confirming its deepwater development strategy despite environmental criticism.
Tripoli mise sur des partenariats avec des majors et jusqu’à 4 milliards $ d’investissements pour relancer sa production pétrolière, malgré un climat politique divisé.

Niger maintains oil cooperation with China despite growing demands

Niger hardens its stance on energy sovereignty but avoids breaking with China National Petroleum Corporation, its main oil industry partner, in order to safeguard export revenues.
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As Brent hovers near $60, growing opacity around OPEC’s output restrains a steeper decline in crude prices amid surplus warnings by the International Energy Agency.
Portuguese energy group Galp plans to finalise a strategic partnership for its offshore oil project Mopane in Namibia before the end of the year.

Shell faces $2 billion lawsuit in Nigeria ahead of asset divestment

A traditional leader from the Niger Delta is seeking compensation before Shell’s onshore asset sale, citing decades of unaddressed pollution in his kingdom.
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The Oxford Energy Institute study shows that signals from weekly positions and the Brent/WTI curve now favor contrarian strategies, in a market constrained by regulation and logistics affected by international sanctions. —
Russian company Russneft has shipped its first oil cargo to Georgia’s newly launched Kulevi refinery, despite the absence of formal diplomatic ties between Moscow and Tbilisi.

New Stratus enters Brazil with 32.5% oil deal on two blocks

New Stratus Energy has signed a definitive agreement with Vultur Oil to acquire up to 32.5% interest in two onshore oil blocks located in the State of Bahia, Brazil, with an initial investment of $10mn.
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Clearview Resources has completed the sale of all its shares to a listed oil company, exiting Canadian financial markets following shareholder and court approval.
The Brazilian government has approved an offshore drilling project led by Petrobras in the Equatorial Margin region, weeks before COP30 in Belém.

Trump reignites regulatory debate over oil in California

In Taft, a historic stronghold of black gold, Donald Trump's return to the presidency reopens the issue of California's restrictions on oil production and fuels renewed optimism among industry stakeholders.
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Vantage Drilling halted a 260-day drilling contract for the vessel Platinum Explorer following a rapid evolution of international sanctions regimes that made the campaign non-compliant with the applicable legal framework shortly after it was signed.
Paratus Energy Services received $58mn through its subsidiary Fontis Energy in Mexico, initiating the repayment of arrears via a government-backed fund established to support investment projects and ensure supplier payments.

The United States keeps 50% duties if India buys Russian crude

Washington ties the removal of additional duties to a verifiable decline in India’s imports of Russian crude, while New Delhi cites already-committed orders and supply stability for the domestic market.
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The decline in imports and the rise in refining in September reduced China’s crude surplus to its lowest in eight months, opening the way for tactical buying as Brent slips below 61 dollars.
Chinese executive Zhou Xinhuai, 54, resigned from his post as chief executive of CNOOC Limited after holding the role since April 2022. A strategic reorganization is underway.