Conflict of interest

The Paris Council awards a €15bn, 25-year contract to Dalkia, a subsidiary of EDF, to operate the capital’s heating network, replacing long-time operator Engie amid political tensions ahead of municipal elections.
The Venezuelan national oil company has confirmed the continuity of its crude exports, as the United States enforces a maritime blockade targeting sanctioned vessels operating around the country.

Baker Hughes signs multi-year contract to equip Kuwait’s oilfields

Baker Hughes will supply advanced artificial lift systems to Kuwait Oil Company to enhance production through integrated digital technologies.
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Le fonds souverain omanais a validé 141 projets en 2025 pour un engagement total de $1.2bn, visant à renforcer l’indépendance énergétique et l’industrialisation nationale à travers un programme d’investissement de $5.2bn.
US-based Holtec has signed a memorandum of understanding with Hungary’s energy group MVM to assess the deployment of its SMR-300 technology, strengthening bilateral nuclear cooperation and opening prospects for a new market in Central Europe.

Radiant raises $300mn to industrialise its micro nuclear reactors in the United States

California-based startup Radiant has secured $300mn to build its first factory in Tennessee and prepare for the mass production of miniature nuclear reactors for off-grid applications.
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Japanese conglomerate Tokyu teams up with Global Infrastructure Management and Clean Energy Connect to build 800 low-voltage solar plants totalling 70MWDC, under an off-site power purchase agreement for its facilities.
T1 Energy has begun construction of a solar cell facility in Milam County, Texas, representing an investment of up to $425mn, aimed at strengthening U.S. industrial autonomy in the photovoltaic supply chain.

Sawgrass LNG marks eight years of liquefied natural gas deliveries to The Bahamas

U.S.-based Sawgrass LNG & Power celebrates eight consecutive years of LNG exports to The Bahamas, reinforcing its position in regional energy trade.
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Terra Innovatum has increased its interactions with the Nuclear Regulatory Commission to advance licensing of its SOLO™ micro-modular reactor, despite the partial shutdown of the US federal government.
The US nuclear regulator has extended the operating licences of three Illinois reactors by 20 years, strengthening Constellation's long-term industrial outlook for the Clinton and Dresden sites.

Pivot Energy secures $225mn to develop 60 new community solar projects

Pivot Energy has secured $225mn in funding from three banking partners to support a portfolio of 60 community solar power plants across nine US states.
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TerraWind Renewables acquires five projects totalling 255MW in northern Japan, bringing its onshore wind development capacity to 327MW and targeting first commercial operation in 2028.
Australia-based storage platform Akaysha Energy has launched its first operational project, a 155 MW battery in Queensland, while confirming its expansion to over 1 GWh.

LehmanSoft deploys first 2MW grid battery in Saitama Prefecture

LehmanSoft Japan connected a 2MW/8.1MWh energy storage facility to the grid in Chichibu City, marking its entry into the Japanese stationary storage market.
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A consortium led by EDF power solutions has signed a 20-year agreement with Nama PWP to develop a 120 MW wind farm in southeastern Oman, with commissioning scheduled for Q3 2027.
Voltalia has started building a 43-megawatt hybrid plant in Sainte-Anne, combining solar, battery storage and bioenergy to meet growing electricity demand in western French Guiana.

Statkraft and Fortescue extend power supply deal for hydrogen project in Norway

The conditional power supply agreement for the Holmaneset project is extended to 2029, covering a ten-year electricity delivery period, as Fortescue continues feasibility studies.
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Microsoft expands its partnership with Iberdrola through two new power purchase agreements in Spain, reinforcing its European energy strategy while deepening the use of cloud and artificial intelligence solutions from the US group.
Masdar’s exit ends ReNew Energy's privatisation attempt, despite offer rising to $8.15 per share.
Venture Global denies Shell’s claims of fraud in an LNG cargo arbitration and accuses the oil major of breaching arbitration confidentiality.
The Valera LNG carrier delivered a shipment of liquefied natural gas (LNG) from Portovaya, establishing a new energy route between Russia and China outside Western regulatory reach.

Hungary hosts TurkStream headquarters after asset freeze in the Netherlands

South Stream Transport B.V., operator of the offshore section of the TurkStream pipeline, has moved its headquarters from Rotterdam to Budapest to protect itself from further legal seizures amid ongoing sanctions and disputes linked to Ukraine.
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US LNG exports are increasingly bypassing the Panama Canal in favour of Europe, seen as a more attractive market than Asia in terms of pricing, liquidity and logistical reliability.
Indian Oil Corporation has issued a tender for a spot LNG cargo to be delivered in January 2026 to Dahej, as Asian demand weakens and Western restrictions on Russian gas intensify.

McDermott secures EPCIC contract for gas project offshore Brunei

McDermott has secured a major engineering, procurement, construction, installation and commissioning contract for a strategic subsea gas development offshore Brunei, strengthening its presence in the Asia-Pacific region.
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The partnership between Fluor and JGC has handed over LNG Canada's second liquefaction unit, completing the first phase of the major gas project on Canada’s west coast.
Northern Oil and Gas and Infinity Natural Resources invest $1.2bn to acquire Utica gas and infrastructure assets in Ohio, strengthening NOG’s gas profile through vertical integration and high growth potential.

Sanctioned Russian LNG vessel delivers to China’s Beihai port

China has received its first liquefied natural gas shipment from Russia’s Portovaya facility, despite growing international sanctions targeting Russian energy exports.
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Brazil’s natural gas market liberalisation has led to the migration of 13.3 million cubic metres per day, dominated by the ceramics and steel sectors, disrupting the national competitive balance.
Sasol has launched a new gas processing facility in Mozambique to secure fuel supply for the Temane thermal power plant and support the national power grid’s expansion.

Congo LNG reaches 3 mtpa and anchors the strategic gas axis between Eni and Europe

With the addition of Nguya FLNG to Tango, Eni secures 3 mtpa of capacity in Congo, locking in non-Russian volumes for Italy and positioning Brazzaville within the ranks of visible African LNG exporters.
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Japan’s JERA has signed a liquefied natural gas supply contract with India’s Torrent Power for four cargoes annually from 2027, marking a shift in its LNG portfolio toward South Asia.
The merger of TotalEnergies and Repsol’s UK assets into NEO NEXT+ creates a 250,000 barrels of oil equivalent per day operator, repositioning the majors in response to the UK’s fiscal regime and basin decline.

QatarEnergy steps up pressure on the EU in response to the CSDDD directive

Climate requirements imposed by the European due diligence directive are complicating trade relations between the European Union and Qatar, jeopardising long-term gas supply as the global LNG market undergoes major shifts.
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A report forecasts that improved industrial energy efficiency and residential electrification could significantly reduce Colombia’s need for imported gas by 2030.
Falling rig counts and surging natural gas demand are reshaping the Lower 48 energy landscape, fuelling a rebound in gas-focused mergers and acquisitions.

Nigeria unlocks $128 million to repay gas debts

The Nigerian government has approved a payment of NGN185bn ($128 million) to settle debts owed to gas producers, aiming to secure electricity supply and attract new investments in the energy sector.
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Riley Exploration Permian has finalised the sale of its Dovetail Midstream entity to Targa Northern Delaware for $111 million, with an additional conditional payment of up to $60 million. The deal also includes a future transfer of equipment for $10 million.
Stanwell has secured an exclusive agreement with Quinbrook for the development of the Gladstone SDA Energy Hub, combining gas turbines and long-duration battery storage to support Queensland’s electricity grid stability.