Regulation

Amber Energy, an affiliate of hedge fund Elliott Investment Management, submitted an $8.82bn offer for PDV Holding, intensifying competition in the court-supervised sale process in Delaware.
The U.S. Department of Energy selects Oklo and its subsidiary Atomic Alchemy for three pilot reactor projects aiming for criticality before July 2026.

City of Richmond approves Raven SR bioenergy project

Raven SR takes a crucial step towards renewable hydrogen production by obtaining a permit for its bioenergy project in Richmond, California. This approval marks a significant step forward in the conversion of organic waste into clean fuels and contributes to the reduction of CO2 emissions.
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Nigerian president inaugurates Dangote's mega-refinery, offering the prospect of solving shortages and creating revenue. However, analysts doubt the actual start-up date of the refinery, which could be delayed until the end of 2024.
Denmark takes a major step forward in the management of captured CO2 with the construction of its first large-scale facility in Aalborg. The Port of Aalborg and Fidelis New Energy unveil ambitious plans to process up to four million tons of CO2 per year, contributing to the country's emission reduction.

Floating offshore wind may be the solution to decarbonizing the U.S.

Floating wind resources are poised to become a crucial part of the U.S. energy transition. A look back at the industry's rapid growth prospects, the U.S. Department of Energy's ambitious goals, and development opportunities in California, Oregon and the Gulf of Maine.
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The right-wing majority Senate has largely approved the nuclear revival bill to speed up the construction of new reactors, despite the opposition of the ecologist group, before the final adoption expected on May 16 in the National Assembly.
TotalEnergies, the French oil major, is preparing for a climate debate with some of its shareholders at its general meeting on May 26. An advisory resolution on the group's indirect CO2 emissions, proposed by the activist shareholder organization Follow This, was included in the agenda of the AGM.

EDF: strong increase in activity in Q1, despite a decline in nuclear power

In the first quarter of the year, EDF recorded a 34.6% increase in revenues compared to the same period last year, despite a drop in its nuclear production. High energy market prices and the acquisition of new residential customers in France contributed to this growth.
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Ohmium International is partnering with Efficiency for LNG Applications (E4Efficiency) to supply green hydrogen to a liquefied natural gas terminal in Andalusia, replacing the methane used in the gas burner pilot flame. This innovative project is supported by the European Regional Development Fund (ERDF).
The controversial nuclear safety reform is not expected to be included in the final discussions on the nuclear acceleration bill, sources told AFP. Members of Parliament rejected the government's amendment in March and future debates should respect their vote.

France: Engie prepares its customers for the end of the regulated gas tariff

Engie offers its regulated tariff subscribers a bridging offer called "Passerelle" indexed on a reference indicator calculated by the Commission de régulation de l'énergie, which should experience marginal increases, but which allows the user to retain absolute freedom.
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Russia and China continue their energy cooperation with the Siberian Force 2 pipeline project. This ambitious initiative aims to deliver 98 billion cubic meters of gas to China by 2030, strengthening ties between the two countries.
Oil prices started the week lower, despite the announcement of Russian oil production cuts. Concerns about near-term demand have returned to the forefront as the uncertain economic outlook in many major oil-consuming economies, such as the U.S., Europe and even China, persists.

Druzhba back in service

The Druzhba pipeline is resuming pumping in the Ukrainian section after a partial suspension, according to the Russian operator Transneft.
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Boralex, a Canadian company, appoints Patrick Simon as Assistant General Manager of Boralex Development, Europe.

AEP commissions the 2nd Park of the North Central Project

AEP commissions the 287 MW Maverick wind farm, the 2nd wind farm of the 1485 MW North Central Wind Energy project in Oklahoma.|AEP commissions the 287 MW Maverick wind farm, the 2nd wind farm of the 1485 MW North Central Wind Energy project in Oklahoma.
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Axpo announces the signing of a long-term power purchase agreement with CEZ's Fântânele-Cogealac-Gradina wind farm.|Axpo announces the signing of a long-term power purchase agreement with CEZ's Fântânele-Cogealac-Gradina wind farm.
Acteon supports Siemens Gamesa with cable trenching for the Coastal Virginia Offshore Wind project near the Virginia coast.|Acteon supports Siemens Gamesa with cable trenching for the Coastal Virginia Offshore Wind project near the Virginia coast.
The European Commission unveils its strategy for renewable hydrogen, the key to achieving carbon neutrality by 2050. Creation of the European Alliance for Renewable Hydrogen.
Gresham House strengthens its energy storage capacity by acquiring a 41 MW battery installation from Arenko Cleantech.
The Spanish group is investing 4.3 million euros in the construction of a new photovoltaic project in Fontanar. Called "La miranda", the project will have a total output of 6.87 MWp. It will be connected to the Fontanar substation, with its own transmission line...
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