Latest News
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01 Jul 25
Canada: Shell Canada Energy announces first cargo leaves LNG Canada
Shell Canada Energy, an affiliate of Shell, announced that the first cargo of liquefied natural gas (LNG) has left the LNG Canada facility on the west coast of Canada. At 40%, Shell has the largest working interest in the LNG Canada joint venture. Located in Kitimat, British Columbia, the facility will export LNG from two processing units or 'trains' with total capacity of 14 million tonnes per annum (mtpa). -
01 Jul 25
Germany: Vestas wins 115 MW order in Germany for largest order of V172-7.2 MW turbines to date
Vestas has secured an order from ENERTRAG for V172-7.2 WM wind turbines for two projects in Brandenburg, Germany, totalling 115 MW. It is the largest order of V172-7.2 MW turbines to date for Vestas. -
01 Jul 25
UK: The Crown Estate delivers £1.1 billion net revenue profit for the UK and scales up investment for future value creation
The Crown Estate has announced a net revenue profit of £1.1 billion for the UK, driven by the short-term option fees from Offshore Wind Leasing Round 4 ('Round 4'). This brings its total contribution to the Treasury to £5 billion over the past decade. -
01 Jul 25
Latvia: Nordex Group to deliver 21 turbines totalling 147 MW for largest wind project to date in Latvia
The Nordex Group is supplying and installing 21 N163/6.X turbines for the Pienava wind farm in Latvia. Totalling 147 MW it is the largest wind project to date in the country. -
01 Jul 25
Magnora ASA: Globeleq reaches financial close for the 153MW Red Sands BESS project which triggers a final milestone payment to Magnora
Magnora has announced that Globeleq, together with its local partners, has successfully reached financial close for the 153 MW / 612 MWh Red Sands battery storage (BESS) project, developed originally by African Green Ventures (AGV), the South African development arm of Magnora. -
01 Jul 25
Wood agrees extension of temporary waivers and lender engagement
Further to the Company's announcement on 30 April 2025, Wood has agreed extensions to the temporary waivers under its committed debt facilities (initially valid through to 30 April 2025 and then extended to 30 June 2025) to 31 July 2025. -
01 Jul 25
Trinidad: Predator Oil & Gas announces Trinidad acquisition update
Predator Oil & Gas Holdings, the Jersey-based Oil and Gas Company with near-term hydrocarbon operations and production activities focussed on Morocco and Trinidad, has provided an update on its acquisition of the Challenger Energy Group's entire operations in Trinidad and Tobago. -
01 Jul 25
GoM: Danos awarded production services contract for new deepwater facility
Danos Operations Services has been awarded a contract to provide production services for Beacon Offshore Energy’s new deepwater facility in the Gulf of America - the Shenandoah floating production system. -
01 Jul 25
Reach Subsea announces multiple new contracts including USV services
Reach Subsea has announced increased order backlog after securing multiple new contracts and call-offs within the scope of our existing frame agreements in the North Sea and European regions. Estimated total value of these contracts is NOK 370 million, commencing in Q3 and Q4 2025. -
01 Jul 25
Norway: Equinor and its partners are investing NOK 13 billion in the third phase of Johan Sverdrup
Equinor and its partners are investing NOK 13 billion in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe). -
30 Jun 25
Spain: BW ESS and Ibersun sign joint venture to develop 2.2GW BESS in Spain
Global energy storage owner-operator BW ESS and Getxo-based energy storage developer Ibersun have signed a joint venture to develop, in its first phase, 2.2GW of utility-scale battery energy storage system (BESS) projects across Spain. -
30 Jun 25
UAE: ADNOC Drilling awarded five-year contract for oilfield services worth up to $800 million
ADNOC Drilling Company has announced the award of a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs. -
30 Jun 25
UK: Viaro Energy strengthens North Sea portfolio through acquisition of Deltic Energy
Viaro Energy has reached an agreement to acquire Deltic Energy via its main operating subsidiary RockRose Energy. Deltic's Selene discovery – one of the largest gas fields in the UK Southern North Sea in the past decade - will be prioritised for development. -
30 Jun 25
Peru: ACCIONA Energía reaches an agreement for the sale of San Juan de Marcona wind farm in Peru
ACCIONA Energía has announced an agreement with Luz del Sur S.A.A., one of Peru’s preeminent energy companies, for the sale of San Juan de Marcona wind farm in the Ica region of Peru for up to US$253 million -
30 Jun 25
Shelf Drilling announces five-year extension for the High Island V jack-up rig
Shelf Drilling has secured a five-year extension for the High Island V jack-up rig. The extension is in direct continuation of the rig’s current contract with the same customer, extending the commitment until July 2030. The total added contract value is approx. USD 133 million. -
30 Jun 25
Azimut and Eni Next partner for energy innovation: strategic collaboration in the asset management and energy sectors to accelerate energy tech
Eni Next and Azimut Group signed a collaboration agreement, under which Azimut will launch a new European Long Term Investment Fund (ELTIF) of venture capital, leveraging also Eni Next’s consulting and expertise on technological developments in the energy sector. The launch of the ELTIF is expected in September 2025 and the fund will support investments in the energy tech sector.
