The UK government has assigned a GBP135mn ($180mn) budget for solar energy in its seventh CfD auction round, aiming to support up to 4 GW of installed capacity.
Italian group Enel has acquired two onshore wind farms in Germany for an enterprise value of €80mn ($86.5mn), strengthening its presence in a stable and strategic market as part of a targeted asset transfer.
French group Qair secures a structured €240 million loan to consolidate debt and strengthen liquidity, with participation from ten leading financial institutions.
Israeli firm nT-Tao and Ben-Gurion University have developed a nonlinear control system that improves energy stability in fusion plasmas, strengthening the technical foundation of their future compact reactors.
The Indian government has introduced a bill allowing private companies to build and operate nuclear power plants, ending a state monopoly in place for over five decades.
National Fuel has secured $350mn in a private placement of common stock with accredited investors to support the acquisition of CenterPoint’s regulated gas business in Ohio.
SEG Solar launches a strategic industrial project in Indonesia with 3GW capacity to support the supply chain of its photovoltaic modules for the US market.
Lummus Technology and Advanced Ionics have started construction of a pilot unit in Pasadena to test a new high-efficiency electrolysis technology, marking a step toward large-scale green hydrogen production.
Natura Resources enters a new regulatory phase for its molten salt reactor MSR-1, following the signing of a framework agreement with the US Department of Energy under the Reactor Pilot Program.
Vietnam's Boviet Solar has launched two industrial sites in North Carolina to produce solar cells and modules, with over 1,300 jobs created and a total investment of $400mn.
Xcel Energy initiates three public tender offers totalling $345mn on mortgage bonds issued by Northern States Power Company to optimise its long-term debt structure.
The US energy group plans to allocate $1.3bn to growth and $1.1bn to asset maintenance, with a specific focus on natural gas liquids and refining projects.
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.
EDF power solutions announces commercial operation of the San Kraal wind farm, the first unit of the 420MW Koruson 1 project, with full commissioning expected in early 2026.
EDF power solutions' Umoyilanga energy project has entered provisional operation with the Dassiesridge wind plant, marking a key milestone in delivering dispatchable electricity to South Africa’s national grid.
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 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.
Iraq is preparing a managed transition at the West Qurna-2 oil field, following US sanctions against Lukoil, by prioritising a transfer to players deemed reliable by Washington, including ExxonMobil.
The rehabilitation cost of Sonara, Cameroon’s only refinery, has now reached XAF300bn (USD533mn), with several international banks showing growing interest in financing the project.
China imported 12.38 million barrels per day in November, the highest level since August 2023, driven by stronger refining margins and anticipation of 2026 quotas.
The United States reaffirmed its military commitment to Guyana, effectively securing access to its rapidly expanding oil production amid persistent border tensions with Venezuela.
Sanctioned tanker Kairos, abandoned after a Ukrainian drone attack, ran aground off Bulgaria’s coast, exposing growing legal and operational risks tied to Russia’s shadow fleet in the Black Sea.
The United States is temporarily licensing Lukoil’s operations outside Russia, blocking all financial flows to Moscow while facilitating the supervised sale of a portfolio valued at $22bn, without disrupting supply for allied countries.
Libya’s state oil firm NOC plans to launch a licensing round for 20 blocks in early 2026, amid mounting legal, political and financial uncertainties for international investors.
European sanctions on Russia and refinery outages in the Middle East have sharply reduced global diesel supply, driving up refining margins in key markets.
L’arrêt de la raffinerie de Pancevo, frappée par des sanctions américaines contre ses actionnaires russes, menace les recettes fiscales, l’emploi et la stabilité énergétique de la Serbie.
Oil prices climbed, driven by Ukrainian strikes on Russian infrastructure and the lack of diplomatic progress between Moscow and Washington over the Ukraine conflict.
Chevron has announced a capital expenditure range of $18 to $19 billion for 2026, focusing on upstream operations in the United States and high-potential international offshore projects.
ExxonMobil is shutting down its oldest ethylene steam cracker in Singapore, reducing local capacity to invest in its integrated Huizhou complex in China, amid regional overcapacity and rising operational costs.
Brazil, Guyana, Suriname and Argentina are expected to provide a growing share of non-OPEC+ oil supply, backed by massive offshore investments and continued exploration momentum.
The revocation of US licences limits European companies’ operations in Venezuela, triggering a collapse in crude oil imports and a reconfiguration of bilateral energy flows.
Bourbon has signed an agreement with ExxonMobil for the charter of next-generation Crewboats on Angola’s Block 15, strengthening a strategic cooperation that began over 15 years ago.
Faced with tighter legal frameworks and reinforced sanctions, grey fleet operators are turning to 15-year-old VLCCs and scrapping older vessels to secure oil routes to Asia.
Reconnaissance Energy Africa completed drilling at the Kavango West 1X onshore well in Namibia, where 64 metres of net hydrocarbon pay were detected in the Otavi carbonate section.
CNOOC Limited has started production at the Weizhou 11-4 oilfield adjustment project and its satellite fields, targeting 16,900 barrels per day by 2026.
The Adura joint venture merges Shell and Equinor’s UK offshore assets, becoming the leading independent oil and gas producer in the mature North Sea basin.
