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Sustainable Marine

Iberdrola reshapes its portfolio to become a leader in transatlantic regulated networks
By divesting assets in Mexico, France and Eastern Europe, Iberdrola reduces exposure to non-strategic markets to strengthen its positions in regulated networks in the United Kingdom, the United States and Brazil, following a targeted capital reallocation strategy.
Swift Solar and Plenitude launch industrial testing for tandem solar technology
Swift Solar begins a strategic collaboration with Plenitude to test its tandem perovskite solar technology at industrial scale, targeting deployment in large-scale photovoltaic projects.

Türkiye secures $6bn financing to modernise its electricity transmission network

Türkiye enters advanced negotiations with the World Bank for $6bn in funding to strengthen its electricity transmission network, a key condition for expanding its renewable and nuclear capacity.
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EIB commits €2bn to strengthen EU energy influence in Africa
The European Investment Bank is mobilising €2bn in financing backed by the European Commission for energy projects in Africa, with a strategic objective rooted in the European Union’s energy diplomacy.
UK launches radical overhaul of nuclear regulation system
A government-commissioned report proposes 47 measures to simplify nuclear regulation, reduce decommissioning costs and accelerate delivery of civilian and military projects.

NextDecade initiates FERC process for Train 6 at Rio Grande LNG

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.
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Nostromo and Olivine integrate thermal storage system into California’s energy market
Nostromo’s IceBrick system becomes the first behind-the-meter thermal storage device to participate in California’s wholesale energy market, in partnership with Olivine, marking a milestone for commercial buildings.
Zhangzhou’s second reactor delivers first kilowatt-hours to the grid
The Hualong One reactor at Zhangzhou nuclear power plant has been connected to the grid, marking a major milestone in the expansion of China’s civilian nuclear programme.

Rosatom receives approval to 3D-print SMR components

Russian state nuclear group Rosatom has validated the additive manufacturing of parts for its small modular reactors, marking an industrial first for RITM-200 SMR plant equipment.
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Ontario mandates Hydro One for new high-voltage line with First Nations partnership
The Government of Ontario has tasked Hydro One with developing a strategic power line between Bowmanville and the Greater Toronto Area, offering equity participation to nearby First Nations.
Singapore to issue licences for methanol bunkering starting in 2026
Three companies will begin methanol refuelling operations in Singapore in January 2026, marking a shift for the world’s largest bunkering hub.

Russian oil and gas revenues fall 35% as sanctions tighten grip

Russia faces a structural decline in energy revenues as strengthened sanctions against Rosneft and Lukoil disrupt trade flows and deepen the federal budget deficit.
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Sojitz develops 44 MW solar plant in Wakayama without public support
Sojitz plans to deliver a 44.2 MWDC solar plant in Wakayama by December 2027, funded outside the feed-in tariff scheme and aimed at direct power sale contracts.
US imposes 50% tariffs on Indian solar modules, disrupting export flows
US tariff measures shake up Indian solar module exports, exposing the industry to structural overcapacity risks and forcing New Delhi to redirect its industrial strategy.

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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Maritime Fusion raises $4.5mn to bring fusion energy to commercial ships
California-based Maritime Fusion, backed by Y Combinator and Trucks VC, is betting on a decentralised approach to fusion to target maritime and off-grid applications.
WhiteWater increases Eiger Express pipeline capacity to 3.7 Bcf/d
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.

Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil

Iberdrola offers to buy the remaining 16.2% of Neoenergia for 32.5 BRL per share, valuing the transaction at approximately €1.03bn to simplify its Brazilian subsidiary’s structure.
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SolarX secures €15mn in debt from Afrigreen for C&I projects in West Africa
SolarX secures €15mn in senior debt from Afrigreen to refinance solar commercial assets in four francophone countries, consolidating Franco-European financial presence in a strategic and growing market.
Paratus receives $38mn payment in Mexico through government fund
Paratus Energy Services collected $38mn via its subsidiary Fontis Energy for overdue invoices in Mexico, supported by a public fund aimed at stabilising supplier payments.
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Condor boosts output to 11,844 barrels/day through strategic investment in Uzbekistan
Zhangzhou’s second reactor delivers first kilowatt-hours to the grid
Nostromo and Olivine integrate thermal storage system into California’s energy market
NextDecade initiates FERC process for Train 6 at Rio Grande LNG
Paratus receives $38mn payment in Mexico through government fund
BW Offshore and BW Group launch BW Elara for floating freshwater production
BW Offshore and BW Group create BW Elara, a joint venture for floating desalination units, combining offshore engineering and water treatment to meet urgent freshwater needs.
Frontera splits operations to unlock asset value in Colombia
Frontera Energy will separate its oil and infrastructure operations in Colombia to create two independent entities with distinct strategies, with completion expected in the first half of 2026.

TotalEnergies commits $100mn with Climate Investment to support OGDC

TotalEnergies injects $100mn into Climate Investment’s Venture Strategy fund to accelerate the adoption of emissions reduction technologies within the oil industry under the OGDC framework.
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Washington strengthens its support for Standard Lithium in Arkansas DLE project
Standard Lithium receives growing institutional backing in the United States to develop direct lithium extraction in Arkansas, a strategic area where the company positions itself against Exxon Mobil.
SBM Offshore raises 2025 forecast after 26% revenue surge
SBM Offshore reports year-to-date Directional revenue of $3.6bn, driven by Turnkey performance and the addition of three new FPSOs to its global fleet.

European Union prepares quotas to mandate locally produced low-carbon steel in public procurement

The European Commission is developing a scheme mandating a minimum share of EU-made low-carbon steel in public procurement, alongside a post-safeguard trade regime and targeted energy support to sustain the continental steel industry.
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Sunsure Energy signs 19.36 MW hybrid solar-wind agreement with Deepak Fertilisers
Sunsure Energy will supply Deepak Fertilisers with 19.36 MW of hybrid solar and wind power, delivering 55 mn units of electricity annually to its industrial facility in Raigad, Maharashtra.
IonQ partners with University of Chicago to build next-generation quantum platform
IonQ will deploy a quantum computer and entanglement distribution network at the University of Chicago, strengthening its technological presence within the Chicago Quantum Exchange and accelerating its product roadmap.

VoltaGrid raises $5.0bn to deploy 4.3 GW of capacity by 2028

Texas-based energy solutions provider VoltaGrid secures record mixed financing to expand its decentralised power generation portfolio, primarily targeting hyperscale data centres.
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IMCC and Maridive launch One Marine to capture offshore services demand
Kuwait's IMCC and Egypt's Maridive have formalised a joint venture based in Abu Dhabi to expand integrated offshore marine operations regionally and internationally.
Chevron strengthens post-Hess strategy and reassures markets on growth
In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.

Electricity shortage threatens AI ambitions of American tech giants

Facing surging computing needs, US tech leaders are hitting an energy wall that slows down data centre construction and revives demand for gas and coal.
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NextNRG posts 196% revenue growth in October
NextNRG's monthly revenue reached $7.39mn in October, more than doubling year-over-year, driven by the expansion of its technology platforms and energy services across the United States.
Enbridge commits $3bn to new projects while maintaining 2025 guidance
The Canadian group posted record Q3 EBITDA, sanctioned $3bn worth of projects, and confirmed its full-year financial outlook despite a drop in net income.

OMS Energy turns to AI and robotics to capture global pipeline inspection market

OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.
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Duke Energy expected to post Q3 growth driven by demand and revised rates
Duke Energy is set to release its third-quarter results on November 7, with earnings forecasts pointing upward, supported by strong electricity demand, new rate structures and infrastructure investments.
Engie maintains its 2025 targets despite pressure on energy prices
Engie maintains its 2025 earnings guidance despite falling energy prices and weaker hydro output, relying on its performance plan and a stronger expected fourth quarter.

Creekstone Energy raises funds for 10 GW AI energy campus in Utah

The funding round led by Trident Ridge and Pelion Ventures will allow Creekstone Energy to launch construction of its hybrid-generation site designed for AI-optimised data centres.
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Air Products posts $394mn net loss in 2025 and streamlines energy project portfolio
The US group reported a $877mn operating loss for fiscal year 2025, impacted by $3.7bn in charges related to project exits and restructuring.
SLB launches Tela, an agentic artificial intelligence for upstream oil operations
SLB has unveiled Tela, an agentic artificial intelligence technology designed to automate upstream processes and enhance operational efficiency at scale.