Latest News
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04 Oct 26
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability
The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 4 October 2026, to review global market conditions and outlook. The seven participating countries decided to maintain September 2026 required production for November 2026. -
04 Oct 26
UK: Greenpeace threatens legal action against Crown Estate over ‘extortionate’ fees for offshore wind farm in Irish Sea
Greenpeace UK has written to the Crown Estate threatening legal action over the way it leases plots on the seabed to offshore wind developers. The environmental group said the bidding process leads to developers paying ‘extortionate’ fees for plots on which to build new wind farms, and that the Crown Estate is exploiting its monopoly of the seabed. -
04 Oct 26
Norway: Aker BP appoints new executive management team
Aker BP has appointed a new executive management team, effective 1 January 2027. The new team will be organised around the company’s value chain, from exploration to production, to strengthen collaboration, reduce complexity and improve execution. -
04 Oct 26
Germany: Ocean Breeze Energy acquires the alpha ventus offshore wind farm
EWE, RWE and Vattenfall are selling their shares in the alpha ventus offshore wind farm to Ocean Breeze Energy. The change of ownership opens the prospect of Germany’s first offshore wind farm, situated around 45 kms north of Borkum, continuing to operate beyond its originally planned lifespan. Commissioned in 2010, the wind farm pioneered German offshore wind energy. -
04 Oct 26
UK: Copenhagen Infrastructure Partners announces EUR 270 million investment in new Scottish battery storage project
Copenhagen Infrastructure Partners (CIP), through its fourth flagship fund, Copenhagen Infrastructure IV (CI IV), has taken Financial Investment Decision (FID) for Kilmarnock South, a 350 MW / 1,400 MWh lithium-ion battery energy storage system (BESS) located in south Ayrshire, southern Scotland. Construction is now underway with commercial operations expected in the first quarter of 2028. -
04 Oct 26
New Zealand: Monumental Energy discusses the onshore Mauku block inside the Tirua Petroleum Exploration Permit (PEP 61554)
Monumental Energy has engaged Darkstar Capital, a Toronto-based firm, pursuant to a services agreement dated September 28, 2026, effective October 1, 2026, to assist with investor outreach and market awareness efforts. -
04 Oct 26
The President of the Republic of Argentina, Javier Milei, meets Eni CEO Claudio Descalzi
The President of the Republic of Argentina, Javier Milei, met October 2 in Paris with Eni Chief Executive Officer Claudio Descalzi on the sidelines of the institutional and industrial events organized as part of Argentina Week. During the meeting, the parties discussed prospects for cooperation in the energy sector and investment opportunities in Argentina, with particular focus on the development of the country’s gas resources and projects aimed at strengthening its role in international energy markets. -
04 Oct 26
Liberia 2026 Offshore Direct Negotiation Licensing Round
The Liberia Petroleum Regulatory Authority (LPRA) invites investors, exploration companies, financial institutions and industry stakeholders to the official launch of the Liberia 2026 Offshore Direct Negotiation Licensing Round. -
04 Oct 26
UK Government clean power chief Chris Stark steps down
Chris Stark is stepping down as the UK Government’s Head of Mission Control for Clean Power after just over two years in the role. Stark, appointed by former Energy Secretary Ed Miliband, has been a key figure in Labour’s push to expand renewable energy and reform the electricity system. -
04 Oct 26
UK: Great British Energy expands £300m Supply Chain Fund to support more UK manufacturers
Great British Energy has announced an expansion of its £300 million Supply Chain Fund: Offshore Wind and Networks, increasing the number of eligible critical components from 12 to 29. -
04 Oct 26
Brazil: Petrobras surpasses R$700 billion in market value and breaks record after new discovery in Amapá
Petrobras hit its record market value on October 2nd, 2026, reaching R$ 700.08 billion at the close of trading on B3, the São Paulo Stock Exchange. It was the first time in history that the company surpassed the R$ 700 billion mark. The upward movement was driven by the announcement of a new oil discovery in ultra-deep waters, in the Sedimentary Basin of the Amazon River Mouth Basin, on the Brazilian Equatorial Margin.
