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Indonesia records 836 Mt coal output in 2024 despite falling revenues
Indonesia’s coal overproduction has cut state revenues and company profits, while methane emissions from mines far exceed official figures.
Tamagawa Energy acquires 2MW storage project in Japan for JPY690mn
Tamagawa Energy has completed the acquisition of a 2MW/8MWh battery site in Kagoshima for JPY690mn ($4.57mn), marking its entry into grid-scale storage.

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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South Korea under industrial pressure over emissions targets deemed unrealistic
South Korean refiners warn of excessive emissions targets as government considers cuts of up to 60% from 2018 levels.
Philippines awards 10 GW of projects in fourth green energy auction
The Philippine Department of Energy validated over 10 GW of renewable projects, including floating solar and hybrid systems, in the fourth round of its national green auction programme.

Tokyo Asset Solution deploys 13.2MWh of storage in Tokyo and Kumamoto

Tokyo Asset Solution invests in two storage projects, including a standalone site in the Japanese capital, marking its entry into the large-scale sector with national and international partners.
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Petrus Resources increases quarterly production and reduces net debt
Petrus Resources recorded a 7% increase in production in the third quarter of 2025, along with a reduction in net debt and a 21% rise in cash flow.
Loblaw and FortisBC launch hydrogen truck for commercial deliveries in British Columbia
Loblaw and FortisBC are trialling a hydrogen-powered heavy truck between Vancouver and Squamish, marking a step in the integration of low-emission solutions in Canada’s grocery logistics.

MEG Energy shareholders approve Cenovus merger with 86% support

MEG Energy shareholders have overwhelmingly approved the acquisition by Cenovus, marking a critical milestone ahead of the expected transaction closing later in November.
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Next Hydrogen raises up to CAD$30mn to support its commercial expansion
Next Hydrogen announces a private equity placement of CAD$20mn to CAD$30mn ($14.55mn to $21.83mn), led by Smoothwater Capital, to accelerate the commercialisation of its electrolyzers and support its industrial growth.
Lula defends funding energy transition through oil revenues
Ahead of COP30 in Belém, Brazilian President Luiz Inacio Lula da Silva adopts a controversial stance by proposing to finance the energy transition with proceeds from offshore oil exploration near the Amazon.

Petrobras increases net profit in third quarter driven by production growth

Petrobras reported a net profit of $6 billion in the third quarter, supported by rising production and exports despite declining global oil prices.
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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.
Gunvor drops $22bn bid for Lukoil assets under US pressure
Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.

LEAG and Fluence launch Europe’s largest electricity storage project in Germany

LEAG Clean Power and Fluence Energy will build a 4 GWh battery energy storage system in Germany, marking a major step in the industrialisation of storage capacity at a European scale.
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Energiekontor secures 73 megawatts of wind projects and intensifies investments
Energiekontor has closed financing for three new wind farms in Germany, strengthening its project portfolio and reaching a historic construction milestone in the 2025 fiscal year.
RWE completes Nordseecluster A foundations ahead of maintenance operations
RWE has finalised installation of all 44 foundations at the Nordseecluster A offshore site in the North Sea, a key milestone before planned maintenance activities leading up to 2027 on this 660-megawatt project.

Venture Global signs 20-year deal to supply LNG to the Balkans via Greece

Venture Global has signed a liquefied natural gas sales agreement with Atlantic-See LNG Trade S.A., a newly formed Greek joint venture, to supply 0.5 million tonnes annually starting in 2030, reinforcing regional energy security.
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INNIO and KMW build 54 MW gas-fired power plant to secure data centres
INNIO and KMW partner to construct a 54 MW modular gas power plant in Mainz, designed to stabilise the grid and ensure supply to the future Green Rocks data centre.
Brazil extends coal usage despite dominance of renewable energy
The Brazilian government is granting new contracts to coal-fired power plants until 2040, illustrating the weight of regulatory decisions and industrial interests in a country predominantly powered by renewable energy.
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MEG Energy shareholders approve Cenovus merger with 86% support
Gabon signs deepwater oil exploration deals with BP and ExxonMobil
Trump to auction 80 million offshore acres and plans Alaska lease sale
Lula defends funding energy transition through oil revenues
Schneider Electric bets on e-methanol to strengthen industrial partnerships in Canada
French government plans to end tax benefits on B100 and E85 biofuels
The 2026 draft budget proposes eliminating tax incentives for B100 and E85 fuels, prompting opposition from agricultural unions concerned about the economic impact on the biofuel sector.
European airlines pressure Brussels over shortage of sustainable fuels
Airlines for Europe warns of insufficient sustainable fuel production in Europe and requests a delay in regulatory obligations if the European Commission does not act swiftly.

Moeve joins Shell’s Avelia platform to scale sustainable aviation fuel supply

Spanish producer Moeve becomes the first external SAF supplier to join Shell’s blockchain-based platform designed to expand low-emission jet fuel adoption.
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LIFT completes full year of environmental studies for Yellowknife lithium project
LIFT Power has completed the first phase of baseline studies for the Yellowknife lithium project, a key step toward permitting and long-term mine planning.
Used oil imports multiply twentyfold under pressure from biofuels
Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.

Singapore distillate stocks rise above 10 million barrels

Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.
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Alkagesta opens biofuels trading desk in Geneva to strengthen its investments
Trader Alkagesta opens a new biofuels trading desk in Geneva, targeting European market growth and consolidating its investments in alternative fuels.
Indonesia approves 10% mandatory bioethanol blend in gasoline
The Indonesian government plans to mandate a 10% bioethanol blend in gasoline to reduce fuel imports and support the local ethanol industry.

California authorises E15 fuel sales to reduce pump prices

California lifts its ban on E15 fuel, opening its vast market to the ethanol-gasoline blend in a bid to lower prices and expand consumer options.
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DRC caps cobalt exports at 96,600 tonnes until 2027
Kinshasa replaces export ban with a quota system covering just half of its output, triggering a price surge and global supply tensions.
India risks regulatory setback on ethanol as Brazil consolidates SAF lead
India holds a surplus of ethanol that could support SAF production, but unclear sugarcane feedstock rules limit commercial development.

Six oil companies fined €937mn for bioethanol price fixing in Italy

Italy’s competition authority has fined six oil companies nearly €1bn for colluding on bioethanol pricing between 2020 and 2023, including a €336mn penalty for Eni.
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LanzaJet and KMG launch engineering phase of Kazakhstan’s first SAF project
LanzaJet and state-owned KazMunayGas have reached a decisive milestone towards building Kazakhstan’s first sustainable aviation fuel plant, with the immediate start of the engineering phase.
MCatalysis secures funding to industrialise microwave catalysis technology from Oxford
Texas-based start-up MCatalysis secures seed funding from HL Energy Ventures to exploit, under exclusive licence, a microwave catalysis technology developed at the University of Oxford.

Altalto secures public funding for its UK waste-to-aviation fuel project

Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.
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RWE activates 83 megawatts of wind and solar capacity in France
German group RWE has commissioned five new power plants in France, adding 83 MW to its portfolio, following repeated successes in tenders organised by the Energy Regulatory Commission.
European Union delays climate commitments amid political tensions
The European Union postpones the launch of negotiations on its 2040 climate target amid internal deadlocks and mounting geopolitical pressure.

Ecoplanta: Repsol’s Project Reaches Key Milestone for Methanol Production from Waste

Repsol has approved the final investment decision for the Ecoplanta project in Spain. This innovative project, utilizing Enerkem's technology, aims to convert non-recyclable municipal waste into methanol, marking a step towards industrial decarbonization.
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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.