VOLTA

The Syrian Petroleum Company has signed a memorandum of understanding with ConocoPhillips and Nova Terra Energy to develop gas fields and boost exploration amid ongoing energy shortages.
Cordelio Power has launched commercial operations of the Crossover wind farm in Arkansas, securing a 20-year power purchase agreement with Microsoft and closing $811mn in financing from North American banks.

Fullmark Energy transfers $46mn tax credit for California storage portfolio

Operator Fullmark Energy has finalised a $46mn investment tax credit transfer linked to its 125MW Redwood storage portfolio in Southern California, strengthening its ability to pursue further growth in the sector.
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The French energy group triples its office space in Boston with a new headquarters featuring a customer experience centre and integrated smart technologies. Opening is scheduled for mid-2026.
New Delhi is seeking $68bn in Japanese investment to accelerate gas projects, develop hydrogen and expand LNG import capacity amid increased openness to foreign capital.

Erex and ENEOS cancel 300MW biomass project in Niigata

Erex will end the environmental assessment of a 300MW biomass project developed with ENEOS in Niigata due to rising costs and a weaker yen.
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Shell extends its early participation premium to all eligible holders after collecting over $6.2bn in validly tendered notes as part of its financial restructuring operation.
Fincraft Group LLP, a major shareholder of Tethys Petroleum, submitted a non-binding proposal to acquire all remaining shares, offering a 106% premium over the September trading price.

Hyroad Energy integrates maintenance and software to strengthen hydrogen offering

Hyroad Energy expands its services to include maintenance, software, and spare parts, offering a comprehensive solution for hydrogen freight operators in the United States.
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California-based start-up Erg Bio has closed a $6.5mn seed round to industrialise its Aspire™ technology, backed by Azolla Ventures, Chevron Technology Ventures, and Freeflow.
Eos Energy confirmed the expiry of its public warrants following the exercise of 6.7 million units, generating $76.9mn to finance its industrial projects in the United States.

VALOREM commits 500 hours of job inclusion on its solar park in Aveyron

The construction site of the future photovoltaic park in La Couvertoirade plans to hire four people in job inclusion, as part of a partnership between VALOREM and the Union Départementale des Structures d’Insertion par l’Activité Économique de l’Aveyron.
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The region attracted only a small share of global capital allocated to renewables in 2024, despite high energy needs and ambitious development goals, according to a report published in November.
Abraxas Power Corp. has launched land reclamation operations for Solar City, a 100-megawatt floating solar project in the Maldives, following environmental approval. The total zone investment exceeds USD187mn.

Krista Tanner appointed CEO of ITC Holdings to succeed Linda Apsey in 2026

After 23 years at ITC Holdings Corp., Chief Executive Officer Linda Apsey will retire in March 2026. She will be replaced by Krista Tanner, current President of the company, who will also join the Board of Directors.
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ReGen III confirmed receipt of $3.975mn in sub-agreements tied to its convertible debenture exchange programme, involving over 97% of participating holders.
Trina Storage and Pacific Green Energy Group have signed a memorandum of understanding for the supply of 5GWh of battery systems by 2028, reinforcing their activities in the Australian and international energy storage market.

Astronergy and Alfa Solar invest $200mn in solar plant in Turkey

Alfa Solar and Astronergy Europe are partnering to build an integrated solar wafer and cell facility with 2.5 GW capacity in Balıkesir’s organised industrial zone.
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Activist fund Enkraft demands governance guarantees as ABO Energy’s founding families prepare a change of control, under an open market listing and KGaA structure that offers limited protection to minority shareholders.
As global oil prices slowed, China raised its crude stockpiles in October, taking advantage of a growing gap between imports, domestic production and refinery processing.
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.
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.
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Gibson Energy reported record volumes in Canada and the United States, supported by the commissioning of key infrastructure and a cost reduction strategy.
Norwegian provider TGS will mobilise its marine seismic resources for at least 18 months for Chevron under a three-year capacity agreement covering exploration and development projects.

Eversource posts $367.5mn profit in Q3 driven by electric distribution

Eversource Energy rebounded in the third quarter with a net profit of $367.5mn, driven by revenue increases in electric distribution and a sharp reduction in offshore wind-related losses.
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Ameresco posted a 5% increase in quarterly revenue, supported by stronger project execution and sustained demand for energy infrastructure solutions.
US-based Primoris posted record quarterly revenue of $2.18bn, driven by strong momentum in its Energy and Utilities segments, and raised its earnings guidance for the full year 2025.

Constellation plans 5,800 MW of new capacity to secure Maryland’s power supply

Energy group Constellation proposes a massive investment in electricity generation and storage, with a planned capacity of 5,800 megawatts to meet rising energy demand in Maryland.
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Danish firm Aegir Insights extends its Aegir Quant™ platform to onshore wind, solar, storage and hybrid assets, strengthening its investment intelligence offering for developers and investors.
TotalEnergies has released its Energy Outlook 2025 report, outlining three scenarios for the global energy system’s evolution and the economic implications of consumption and production trends through 2050.

Shell transfers $8.4bn in debt to its U.S. subsidiary

Shell launches a bond exchange offer on six USD-denominated series to restructure $8.4bn in debt through its newly formed entity Shell Finance US.
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NU E Power Corp. acquires 500 MW of hybrid projects from ACT Mid Market Ltd. to support the global expansion of its artificial intelligence and Bitcoin mining infrastructure.
TotalEnergies has signed a ten-year agreement with Data4 to supply its Spanish data centers with renewable electricity, with a total volume of 610 GWh starting from January 2026. The agreement relies on a 30 MW capacity.

BP multiplies its net profit by five in the third quarter despite lower prices

BP reported a net profit of $1.16 billion in the third quarter, five times higher than in 2024, thanks to strong results in refining and distribution, despite a decline in oil prices.
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Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.
Shell restructures six series of bonds through an exchange offer, migrating them to its U.S. subsidiary to optimize its capital structure and align its debt with its U.S. operations.

ADNOC, Microsoft, Masdar and XRG lock energy and AI loads

The partnership combines industrial AI tools, continuous power supplies, and investment vehicles, with volumes and metrics aligned to the demands of high-density data centers and operational optimization in oil and gas production.
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Iberdrola has finalized the acquisition of 30.29% of Neoenergia for 1.88 billion euros, strengthening its strategic position in the Brazilian energy market.
Dominion Energy reported net income of $1.0bn in Q3 2025, supported by solid operational performance and a revised annual outlook.