Latest News
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11 May 26
Poland: Ørsted and PGE kick off offshore installation of Baltica 2 project
Ørsted and PGE are moving ahead with full-scale offshore construction activities on the Baltica 2 project. The first foundations have been successfully installed in the Polish part of the Baltic Sea. With this project, Ørsted and PGE are building Poland’s largest offshore wind farm of 1.5 GW – enough to power 2.5 million Polish households. -
11 May 26
Sweden: Hexicon acquires the remaining shares in Mareld Green Energy and becomes sole owner
Hexicon has entered into an agreement to acquire the remaining 50 percent of the shares in Mareld Green Energy from its joint venture partner Mainstream Renewable Power. Following the transaction, Hexicon will own 100 per cent of Mareld Green Energy. Through the acquisition, Hexicon will take full ownership and control of Mareld, a strategically important project in the company’s Swedish offshore wind portfolio. -
11 May 26
Germany: New WELTEC BIOPOWER website
A modern website for international audiences. The new website showcases WELTEC BIOPOWER's 25 years of experience as one of the world’s leading manufacturers of biogas and biomethane plants. In order to increase visibility of its service portfolio and improve access to information, the company has completely overhauled its website. -
11 May 26
UK: Industry leaders urge Government to prioritise industrial decarbonisation to protect jobs and energy security
Leading industry bodies have warned the Energy Secretary that urgent Government action on industrial decarbonisation is needed. Without it, the UK risks accelerating the decline of its foundational industries, putting jobs, investment and energy security at risk. -
11 May 26
Azerbaijan: SOCAR completes the acquisition of Italiana Petroli (IP) from API Holding
SOCAR thas announced the completion of the acquisition of 99.82% of the shares of Italiana Petroli (IP) from API Holding. The acquisition reflects SOCAR’s long-term strategy of expanding its integrated energy value chain and strengthening its presence across Europe, with Italy representing a core market within its regional portfolio. -
11 May 26
USGS releases assessment of undiscovered oil and gas resources in Bossier Formation of Gulf Coast
The U.S. Geological Survey released its assessment of undiscovered gas and oil in the Bossier Formation along the Gulf Coast, assessing that there are technically recoverable resources of 343.5 trillion cubic feet of gas – enough to supply the United States for more than 10 years at the current rate of consumption - as well as 3 million barrels of oil. -
11 May 26
Portugal: Electrification can strengthen Portugal’s energy security and economic resilience
Portugal is making strong progress in transforming its electricity system, underpinned by range of energy technologies, but further efforts are needed across multiple sectors to realise its ambitious targets, according to a new report by the International Energy Agency. -
11 May 26
Chile: Grenergy secures a new $268 million financing for Central Oasis
Grenergy has closed a $268 million senior non-recourse financing agreement, including credit facilities, for the Monte Águila plant. The project has a solar capacity of 342 MW and 1,034 MWh of storage and is part of the Central Oasis platform, located in Chile. -
11 May 26
Spain: Axpo inaugurates 200 MWp solar complex in Spain
The Vilecha solar complex in north-western Spain was officially opened by Axpo on 7 May 2026. The large-scale facility comprises four major photovoltaic plants with a combined capacity of 200 megawatts peak (MWp). -
11 May 26
UK: Early stage assessment begins for potential Northumberland wind farm
Vattenfall is exploring plans for a new wind farm on land adjacent to the existing Ray Wind Farm near Kirkwhelpington, Northumberland. Existing Ray Wind Farm has been operating for nearly a decade. -
11 May 26
Namibia: 88 Energy provides an update on its interest in PEL 93, onshore Namibia, following an amendment to the Farm-In Agreement with Monitor
88 Energy has provided an update on its interest in Petroleum Exploration Licence 93 (PEL 93), onshore Namibia, following an amendment to the Farm-In Agreement with operator Monitor Exploration. 88 Energy's 20% working interest in PEL93 fully secured, with no remaining earn-in funding or reassignment conditions. Enables 88 Energy to maintain focus on priority Alaskan assets. -
11 May 26
Ireland: Lansdowne Oil & Gas provides update on Energy Charter Treaty ('ECT') Arbitration Claim
Lansdowne Oil & Gas plc has successfully registered its Request for Arbitration with the International Centre for Settlement of Investment Disputes concerning its dispute with Ireland over the Barryroe oil and gas field, pursuing a claim of at least US$100 million plus interest. -
11 May 26
GoM: TGS awarded OBN contract in Gulf of America
TGS, a leading global provider of energy data and intelligence, has announce the award of an ultra-high resolution OBN contract in the Gulf of America. A deep-water crew is scheduled to mobilize early June 2026.
