Tuesday, 13 October 2026

energyRe closed an $815 million financing package for five solar projects based in South Carolina. The deal covers utility-scale projects totaling approximately 360 MW of new generating capacity across the state.

The five projects are contracted under 25-year power purchase agreements, according to energyRe.

Bank of America, Canadian Imperial Bank of Commerce and Santander supported the financing. Bank of America served as documentation agent and Santander acted as financial advisor to energyRe.

The long-term uranium price ended September at $96.50 a pound, the highest month-end reading in Cameco's pricing data going back to 1996, according to Startup Fortune.

The record price did not lift Cameco's stock. Cameco shares closed down 6.9% for the year on October 2, Startup Fortune reported.

Against that pricing backdrop, Denison Mines' Wheeler River project ranks as a significant high-grade uranium discovery in Canada's Athabasca Basin, according to Kalkine Media. The Athabasca Basin location gives the project access to established uranium mining infrastructure.

Two leading Canadian energy companies made strategic changes last week that favor their core oil sands operations as federal energy policy became clearer, according to Argus Media.

Cenovus Energy signed a deal to acquire smaller rival Athabasca Oil for C$5.7 billion, equivalent to USD 4 billion, Argus Media reported. The move came less than two years after Cenovus acquired MEG Energy for C$8.6 billion.

Suncor Energy sold interests offshore Atlantic Canada for C$1.2 billion to Ithaca Energy, a UK independent, as it restructures its balance sheet toward oil sands operations, according to Argus Media.

Suncor this year also applied to raise the capacity of its Firebag steam-assisted gravity drainage project to 700,000 b/d from 331,500 b/d, Argus Media reported.

Eurozone sovereign bond yields fell as crude oil futures retreated, according to Investing.com. The pullback followed U.S. President Donald Trump's announcement of an unconfirmed energy ceasefire between Russia and Ukraine.

Germany's 10-year government bond yield dropped to 3.46%, while the policy-sensitive two-year Bund yield slipped to 3.07%, Investing.com reported.

France's 10-year OAT yield eased to 4.84%, and its two-year yield pulled back to 3.625%, according to Investing.com.

Nordex Group recorded 2,810 MW of orders in its Projects segment, excluding the Service business, in the third quarter of 2026, according to EQS News. The figure was 29.5% higher than the same quarter a year earlier.

Nine-month order intake reached 7,733 MW, up 16.1% from 6,661 MW in the corresponding period of 2025, according to Kalkine Media.

Copenhagen Infrastructure Partners (CIP) has acquired a 25% stake in the Five Estuaries offshore wind project in the UK, buying in from a Macquarie-led consortium after RWE exited the development, according to Offshore Engineer OEDigital.

The project carries a capacity of 1.1 GW, per Offshore Engineer OEDigital.

The transaction resets the ownership split among the remaining partners. EDF power solutions holds 33.33%, CIP 25%, ESB 20.83% and Sumitomo Corporation 20.83%, according to Offshore Engineer OEDigital.

CIP said it would work with the other shareholders as a long-term investor to advance the project toward construction and operation.

Kongsberg Maritime has secured a contract from IWS Fleet to supply vessel design and integrated technology systems for four new commissioning service operation vessels (CSOVs) intended for offshore wind operations, according to Offshore Engineer OEDigital. IWS Fleet is a subsidiary of Integrated Wind Solutions (IWS).

The scope of work covers electrical power systems, navigation and bridge systems, propulsion, deck machinery, dynamic positioning and overall system integration, according to Offshore Engineer OEDigital.

The four vessels will be built by Nantong Rainbow Offshore & Engineering Equipment, based on Kongsberg Maritime's UT 5519 DEx design, which the outlet describes as the next generation of the Skywalker Class.

The first of the four vessels is scheduled for delivery in 2029, according to Offshore Engineer OEDigital.

Seadrill secured offshore drilling contracts spanning multiple countries, according to Offshore Engineer OEDigital.

In Indonesia, the West Carina drillship was awarded a contract with an undisclosed operator for an estimated firm duration of 880 days, according to Offshore Engineer OEDigital.

In Angola, exercised options extended the Sonangol Libongos drillship's operations by approximately three years, according to Offshore Engineer OEDigital.

In the U.S. Gulf, the Sevan Louisiana rig was awarded a 25-day contract with Kosmos, according to Offshore Engineer OEDigital.

The expected buyer of a tanker order is a proposed joint venture of state-run shipping and oil marketing companies led by Shipping Corporation of India Ltd (SCI), according to The Economic Times.

The tankers would be the first such carriers built locally in 25 years, The Economic Times reported.

Bank of America's metals and mining desk favors copper and uranium producers, citing global supply constraints that collide with soaring power-grid demand to support higher prices for both commodities.

The desk raised its 2026 average copper forecast by 3%, according to Bank of America.

BofA analyst Lawson Winder said higher US interest rates should keep the dollar bid while weighing on gold.

BofA named Freeport-McMoRan as its top copper stock and Cameco as its top uranium pick.