Victoria's Secret

Scottish ministers have approved Boralex’s Clashindarroch wind farm extension, which will include up to 21 turbines and a 50 MW storage capacity.
Rosatom successfully completed a series of tests on its high-temperature gas-cooled reactor fuel, validating its performance at up to 1,700 °C under prolonged irradiation conditions.

Sweden: Videberg Kraft files first request for public aid to build two nuclear reactors

Videberg Kraft AB becomes the first company to request government support to build two new reactors at the Ringhals site, under the national nuclear investment framework adopted in 2025.
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A new pricing framework will apply from January 2026 in France, replacing the Arenh mechanism. The state says the reform will not lead to higher bills for most consumers.
After a hiatus of more than four years, Myanmar has resumed liquefied natural gas deliveries, receiving a half-cargo in November to supply two state-funded power generation projects.

Port Inc. anticipates Japanese market reforms with profitable battery project by 2025

Port Inc. reports positive results from its battery storage pilot in Gunma, leveraging a regulatory window ahead of adjustment market reforms scheduled for fiscal year 2026.
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Oil workers’ union FUP announced its intention to approve Petrobras’ latest proposal, paving the way to end a week-long national strike with no impact on production.
Subsea7 has secured a subsea installation contract from LLOG for the Buckskin South project, scheduled for execution between 2026 and 2027, strengthening its position in the Gulf of Mexico and boosting its order book visibility.

Brazil, Guyana and Argentina support global crude oil growth in 2026

Global crude oil production is expected to rise by 0.8 million barrels per day in 2026, with Brazil, Guyana and Argentina contributing 50% of the projected increase.
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The Kagurayama onshore wind farm (61.1 MW) begins operations under a secured 2017 FIT tariff, despite grid injection limits and a multi-stakeholder local governance model.
Canadian company Vision Lithium has completed a private placement of 14 mn flow-through shares totalling $209,000 to support its mineral exploration projects in Québec.

Woodbridge Ventures announces acquisition of Greenflame and prepares entry into oil sector

Woodbridge Ventures II Inc. signs definitive agreement with Greenflame Resources for a transformative merger, alongside a concurrent financing of up to $10mn.
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Interceptions of ships linked to Venezuelan oil are increasing, pushing shipowners to suspend operations as PDVSA struggles to recover from a cyberattack that disrupted its logistical systems.
The Trump administration has ordered the immediate halt of five major offshore wind construction sites in the Atlantic, citing national security threats and drawing mixed reactions from industry and political circles.

Global wind industry suffers historic downturn in 2025 despite Chinese resilience

Policy reversals, reduced performance and corporate disengagement marked an unprecedented slowdown in wind power in 2025, although China continued its expansion at a steady pace.
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French group Nexans initiates the sale of its Autoelectric subsidiary to India’s Motherson for €207mn ($227mn), marking its full exit from non-electrification activities.
Matrix Renewables has signed a turnkey agreement with Tesla to develop a 1 GWh battery energy storage system in Scotland, marking its first standalone project of this kind in the UK.

Orrön Energy sells three solar projects in Germany for up to €14mn

Swedish group Orrön Energy is selling a portfolio of development-stage solar projects to Gülermak for up to €14mn, including an initial €0.7mn payment and additional milestone-based consideration.
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The European Commission opens an in-depth investigation into Prague's public funding of a major nuclear project, which could reach €30bn ($32.88bn), with guaranteed revenues over forty years.
Bourbon enters a new strategic phase following the arrival of Davidson Kempner and Fortress, who have become majority shareholders after a financial restructuring approved by the French courts.
Venezuelan state oil group PDVSA claims it was targeted by a cyberattack attributed to foreign interests, with no impact on main operations, amid rising tensions with the United States.
BUTEC has finalised the financing of a 50 MW emergency power project in Burkina Faso, structured under a BOOT contract and backed by Banque Centrale Populaire Group.

BW Energy signs 10-year lease for Maromba B platform with MSFL

BW Energy has signed a long-term lease agreement with Minsheng Financial Leasing for its Maromba B platform, covering $274mn of the project’s CAPEX, with no payments due before first oil.
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Shell will restart offshore exploration on Namibia’s PEL 39 block in April 2026 with a five-well drilling programme targeting previously discovered zones, despite a recent $400mn impairment.
Iranian authorities intercepted a vessel suspected of fuel smuggling off the coast of the Gulf of Oman, with 18 South Asian crew members on board, according to official sources.

Harbour Energy to acquire Waldorf’s UK assets for $170mn

Harbour Energy will acquire Waldorf Energy Partners’ North Sea assets for $170mn, increasing its stakes in the Catcher and Kraken fields, while Capricorn Energy settles part of its claims.
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The Big Beautiful Gulf 1 sale attracted more than $300mn in investments, with a focused strategy led by BP, Chevron and Woodside on high-yield blocks.
The United States intercepted an oil tanker loaded with Venezuelan crude and imposed new sanctions on maritime entities, increasing pressure on Nicolas Maduro’s regime and its commercial networks in the Caribbean.

OPEC+ forecasts tight balance between oil supply and demand in 2026

OPEC expects crude demand from its members to reach 43 million barrels per day in 2026, nearly matching current OPEC+ output, contrasting with oversupply forecasts from other institutions.
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The United States seized a vessel suspected of transporting sanctioned oil from Iran and Venezuela, prompting a strong reaction from Nicolás Maduro's government.
The International Energy Agency lowers its global oil supply forecast for 2026 while slightly raising demand growth expectations amid improved macroeconomic conditions.

South Sudan secures Heglig border oilfield after tripartite military agreement

South Sudanese authorities have been granted responsibility for securing the strategic Heglig oilfield following an agreement with both warring parties in Sudan.
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TotalEnergies acquires a 40% operated interest in the offshore PEL83 license, marking a strategic move in Namibia with the Mopane oil field, while Galp secures stakes in two other promising blocks.
BOURBON will provide maritime services to ExxonMobil Guyana for five years starting in 2026, marking a key step in the logistical development of the Guyanese offshore basin.

Viridien launches seismic reimaging programme over block 22 in Angola

Viridien has launched a 4,300 sq km seismic reimaging programme over Angola’s offshore block 22 to support the country’s upcoming licensing round in the Kwanza Basin.
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Shell restructures its stake in the Caspian pipeline by exiting the joint venture with Rosneft, with Kremlin approval, to comply with sanctions while maintaining access to Kazakh crude.
Shell acquires 60% of Block 2C in the Orange Basin, commits to drilling three wells and paying a $25mn signing bonus to PetroSA, pending regulatory approval in South Africa.

Trump maintient l’alliance avec l’OPEP malgré la pression sur Caracas

Malgré la pression exercée sur le gouvernement vénézuélien, Washington ne cherche pas à exclure Caracas de l’OPEP, misant sur une influence indirecte au sein du cartel pour défendre ses intérêts énergétiques.
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Kazakhstan redirects part of its oil production to China following the drone attack on the Caspian Pipeline Consortium terminal, without a full export halt.
US investment bank Xtellus Partners has submitted a plan to the US Treasury to recover frozen Lukoil holdings for investors by selling the Russian company’s international assets.