EBITDA

The German group is concentrating its industrial investments on Grid Technologies to expand capacity in a strained market, while maintaining an ambitious shareholder return programme.
Enerfip completes its first external growth operation by acquiring Lumo from Société Générale, consolidating its position in France’s energy-focused crowdfunding market.

Schneider Electric signs $1.9bn deal to cool AI data centres

French group Schneider Electric will supply Switch with cooling and power systems for a major project in the United States, as energy demand driven by artificial intelligence intensifies.
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Chinese group PowerChina is strengthening its hydroelectric, solar and gas projects across the African continent, aiming to raise the share of its African revenues to 45% of its international activities by 2030.
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.

Shell extends exchange premium after collecting $6.2bn in notes

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.
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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.
ReGen III confirmed receipt of $3.975mn in sub-agreements tied to its convertible debenture exchange programme, involving over 97% of participating holders.

Enkraft increases pressure on ABO Energy amid contested sale process

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.
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China National Petroleum Corp has inaugurated a new electricity-focused entity in Beijing, marking a strategic step in the organisation of its new energy assets.
Czech billionaire Daniel Kretinsky expands further into energy with a strategic investment in TotalEnergies, via his holding EPH, in exchange for assets valued at €5.1bn.

TotalEnergies and Rubis fined €187.5mn for cartel in Corsica

France’s competition authority fines TotalEnergies, Rubis and EG Retail over a cartel restricting access to Corsican oil depots, affecting the local fuel distribution market.
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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.
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 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 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 reports year-to-date Directional revenue of $3.6bn, driven by Turnkey performance and the addition of three new FPSOs to its global fleet.
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.
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.

Vattenfall raises operating profit to SEK21.47mn amid nuclear repositioning

Swedish group Vattenfall improves its underlying operating result despite the end of exceptional effects, supported by nuclear and trading activities, in a context of strategic adjustment on European markets.
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ACWA Power signed $10bn worth of projects and financing agreements across Central Asia, the Gulf, China and Africa, marking a new phase in its global energy expansion.
Athabasca Oil steps up its share repurchase strategy after a third quarter marked by moderate production growth, solid cash flow generation and disciplined capital management.

Schneider Electric maintains targets despite €466mn currency impact

Schneider Electric reaffirmed its annual targets after reporting 9% organic growth in Q3, driven by data centres and manufacturing, despite a negative currency effect of €466mn ($492mn).
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The Italian industrial cable manufacturer posted revenue above €5bn in the third quarter, driven by high-voltage cable demand, and adjusted its 2025 guidance upward.
The Thai group targets energy distributors and developers in the Philippines, as the national grid plans PHP900bn ($15.8bn) in investments for new transformer capacity.

Scatec cuts debt by 27% and reaches record 3,392 MW in projects

Scatec strengthened growth in the third quarter of 2025 with a significant debt reduction, a rising backlog and continued expansion in emerging markets.
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The French industrial gas group issued bonds with an average rate below 3% to secure the strategic acquisition of DIG Airgas, its largest transaction in a decade.
With a 5.6% increase in net profit over nine months, Naturgy expects to exceed €2bn in 2025, while launching a takeover bid for 10% of its capital and engaging in Spain’s nuclear debate.