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Russia steps up energy rapprochement with China despite sanctions
Moscow says it wants to increase oil and liquefied natural gas exports to Beijing, while consolidating bilateral cooperation amid US sanctions targeting Russian producers.
China’s installed power capacity reaches 3.75 bn kW, up 17.3 %
China's power generation capacity recorded strong growth in October, driven by continued expansion of solar and wind, according to official data from the National Energy Administration.

Serbia’s Pancevo refinery faces shutdown as US sanctions cut crude supply

Serbia’s only refinery, operated by NIS, may be forced to halt production this week, weakened by US sanctions targeting its Russian shareholders.
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Nordex secures 34 MW contract with Grupo Enhol for wind farm in Spain
Nordex Group will supply six turbines to upgrade a 34.2 MW wind farm in Caparroso, financed by the European Union under the NextGenerationEU plan.
Axpo commissions 200 MWp solar complex in northern Spain
Swiss group Axpo has completed a four-plant photovoltaic complex in León province, totalling 200 MWp of capacity, and is preparing its grid connection for early 2026.

Ferrari signs ten-year contract with Shell for green electricity supply

Ferrari has entered into an agreement with Shell for the supply of 650 GWh of renewable electricity until 2034, covering nearly half of the energy needs of its Maranello site.
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thyssenkrupp nucera returns to profit despite sales decline in 2024/2025
Despite a drop in sales, thyssenkrupp nucera ends fiscal year 2024/2025 with operating profit, supported by stable electrolysis performance and positive cash flow.
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.
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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.
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.
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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.
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.
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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.
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.
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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.
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.
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Türkiye secures $6bn financing to modernise its electricity transmission network
Swift Solar and Plenitude launch industrial testing for tandem solar technology
thyssenkrupp nucera returns to profit despite sales decline in 2024/2025
Nordex secures 34 MW contract with Grupo Enhol for wind farm in Spain
Ferrari signs ten-year contract with Shell for green electricity supply
EDF and OpCore launch €4 billion data centre campus near Paris
EDF and OpCore are converting a former thermal power plant south-east of Paris into one of Europe’s largest data centre campuses, backed by a €4 billion ($4.31bn) investment and scheduled to begin service in 2027.
Certified 3D-printed parts for oil and gas enabled by secure remote production
Four companies completed a global series of secure remote additive manufacturing to locally produce certified parts for the oil and gas industry, marking a key industrial milestone for supply chain resilience.

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.
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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.

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.
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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.

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.
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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.

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.
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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.

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.
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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.

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.
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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.