Latest News
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21 Jul 26
Halliburton announces second quarter 2026 results
Halliburton Company announced net income of $534 million for the second quarter of 2026 and adjusted net income, excluding 'Impairments and other credits', of $461 million. This compares to net income for the first quarter of 2026 of $461 million. Halliburton's total revenue for the second quarter of 2026 was $5.7 billion, compared to total revenue of $5.4 billion in the first quarter of 2026. -
21 Jul 26
UK: Chris O'Shea comment on VAT reduction for energy bills
Chris O'Shea, Group Chief Executive of Centrica, comments on the Government's announcement to remove VAT from household electricity bills from 1 October. -
21 Jul 26
UAE: TotalEnergies announces Final Investment Decision (FID) for the Umm Shaif Gas Cap development
TotalEnergies has announced the Final Investment Decision (FID) for the Umm Shaif Gas Cap development in the Umm Shaif and Nasr offshore concession, in which the Company holds a 20% interest alongside ADNOC (60%), CNPC (10%) and ENI (10%), with ADNOC Offshore as operator. -
21 Jul 26
UK: Industry urges new Energy Secretary Miatta Fahnbulleh to back homegrown energy over imports
Offshore Energies UK (OEUK) has congratulated Miatta Fahnbulleh on her appointment as Secretary of State for Energy Security and Net Zero and urged her to meet North Sea industry representatives to make clear the new government backs homegrown energy production over growing reliance on imports. -
21 Jul 26
UK: Burnham places future of North Sea in the hands of London MP Miatta Fahnbulleh
Andy Burnham has replaced Ed Miliband as Energy Secretary in his first cabinet reshuffle after becoming Prime Minister, appointing first-term Labour MP Miatta Fahnbulleh to the role. Mr Miliband, who frequently clashed with the North Sea sector over his opposition to new oil and gas licences and support for the windfall tax, has instead been appointed Foreign Secretary. -
21 Jul 26
UK: Burnham unveils VAT cut on electricity bills as first major policy
Prime Minister Andy Burnham has announced plans to scrap VAT on domestic electricity bills from October 1, saying the move will cut the average annual household bill by around £45. The measure, unveiled on his second day in Downing Street, is expected to cost £850 million in 2026/27 and is the first in a series of economic announcements expected from the new government. -
21 Jul 26
Australia: Yanara secures EUR150 million investment from Mirova to accelerate utility-scale renewable energy development in Australia
Yanara, a pioneering renewable energy leader across the Asia-Pacific region, has secured EUR 150 million investment from global asset manager Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, to accelerate the development of its utility-scale renewable energy portfolio in Australia. -
21 Jul 26
Eni and PETRONAS' Searah JV will reshape Southeast Asia's upstream landscape
Eni and PETRONAS' launch of Searah, a new 50:50 strategic venture spanning 19 upstream assets across Indonesia and Malaysia, has the potential to reshape Southeast Asia's upstream sector, according to new analysis from Wood Mackenzie. -
21 Jul 26
US wind greenfield outlook lifts 5% as developers target more than 53 GW of overall wind additions through 2030
The US wind industry is on track to connect more than 53 gigawatts (GW) of capacity through 2030, as a surge in construction activity prompts Wood Mackenzie to raise its five-year greenfield outlook by 5% quarter-on-quarter, according to the US Wind Energy Monitor Q2 2026 report released today by Wood Mackenzie. -
21 Jul 26
Ghana: TGS signs agreement with the Petroleum Commission, Ghana, for Gulf of Guinea 2D-cubed project
TGS has announced the signing of an agreement with the Petroleum Commission, Ghana, to create a new offshore 2D-cubed project across the Keta Basin, offshore Ghana, giving explorers a single, unified subsurface view of one of Africa’s most promising underexplored margins. -
21 Jul 26
Norway: Statkraft reports strong second quarter results driven by higher prices
Statkraft delivered strong results in the second quarter of 2026, driven by significantly higher Nordic power prices. Hydropower generation in the Nordics was lower than the same quarter last year due to a tighter hydrological situation. Strategic divestments have been completed, and cost reductions remain on track, strengthening competitiveness. -
21 Jul 26
Norway: Zenith Energy completes financing in Norway
Zenith Energy, the listed international energy production and development company, has completed a private placement of common shares of no par value with institutional investors in Norway. The Financing has attracted the participation of existing institutional investors to raise an aggregate total amount of approx. £2,116,000, resulting in the issuance of a total of 50,000,000 new common shares. -
21 Jul 26
UK: Applications open for latest clean power auction, with eligible capacity at record levels
Commenting on today’s opening of the application window for Contracts for Difference Allocation Round 8, RenewableUK CEO Tara Singh said: 'Bringing forward this auction represents an important step towards strengthening Britain’s energy security, with recent global events demonstrating yet again that the best way to reduce our exposure to fossil-fuel price shocks is by generating more of our own electricity here in the UK, at the stable prices renewables offer'. -
21 Jul 26
Sintana Energy announces Latin-America updates
ANCAP, the Uruguayan state-owned energy company and regulator, has agreed to a suspension of the initial exploration subperiod of the AREA OFF-1 block, offshore Uruguay, for 1 year. On 14 February 2025, Challenger Energy Group, a member of the Sintana group of companies, submitted an expression of interest for the award of an offshore hydrocarbon exploration permit under national jurisdiction in the North Argentine Basin (CAN - 200). -
21 Jul 26
Norway: Vår Energi reports record financial results in the second quarter 2026
Vår Energi reports record financial results in the second quarter 2026 and announces a combination with BlueNord, building the largest independent producer of oil and gas in Europe. -
21 Jul 26
Austria: bp agrees sale of Austrian mobility & convenience and EV charging businesses to volenergy AG
bp has reached an agreement to sell its mobility, convenience and electric vehicle (EV) charging businesses in Austria to volenergy AG. The transaction supports bp’s plan to become a simpler, stronger and more valuable company, and reflects its continued focus on disciplined capital allocation.
