Latest News
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09 Feb 26
Transocean to acquire Valaris
Transocean and Valaris have announced the signing of a definitive agreement to combine the two companies under which Transocean will acquire Valaris in an all-stock transaction valued at approx. $5.8 billion (all currency in USD). The shareholding percentages of the combined company, on a fully diluted basis, will be approx. 53% for Transocean and 47% for Valaris. -
09 Feb 26
Eni and CDP Venture Capital invest over half a million euros in startup EXE Engineering
Eni, together with CDP Venture Capital, invested €550,000 and announced a collaboration with the startup EXE Engineering in the field of carbon offsetting initiatives in Africa. This new investment will enable the startup to accelerate its roadmap and support the expansion of its projects into new operating contexts, including international growth in Europe and Africa. -
09 Feb 26
Vietnam: EnQuest awarded Block 12W PSC extension
EnQuest has announced a four-year extension to the Block 12W Production Sharing Contract ('PSC'), awarded by PetroVietnam. Granted on the PSC's existing terms, this extension runs to July 2034 and provides EnQuest and its partners the opportunity to access upside across Block 12W, with prospectivity spread across three gas discoveries and several additional targets. -
09 Feb 26
UK: Centrica announces sale of European Energy Solutions Businesses and Panoramic Power
Centrica has completed the disposal of a number of non-core energy solutions businesses. The energy solutions businesses in Italy and the Netherlands have been sold to Joulz, a 3i Infrastructure portfolio company, and the Hungarian business has been disposed of via a management buyout. The Company has also finalised the sale of Panoramic Power. Total proceeds from the transactions are over £80 million. -
09 Feb 26
UK: Orcadian Energy announces potential funding structure with Albion Labs
AIM-listed Orcadian Energy has announced that the Company is exploring with Albion Labs Canada a potential royalty-based funding structure under which, subject to separate definitive agreements and regulatory approvals, Albion Labs Canada would acquire royalty interests over certain of Orcadian's assets. -
09 Feb 26
US: Hanwha Qcells and LG Energy Solution Vertech partner to deliver 5 GWh of US energy storage projects
Qcells and LG Energy Solution Vertech - leaders in energy solutions and products - today announced a multiyear commitment to install reliable, affordable, American-made storage products for Qcells’ development projects across the country. The agreement includes 5 GWh of lithium-ion energy storage projects for utility-scale sites, as well as lifecycle services from LG Energy Solution Vertech. -
09 Feb 26
Netherlands: Equinor and Eneco sign 5-year gas agreement for supplies to the Netherlands
Equinor and Eneco have signed a 5-year agreement for deliveries of gas to Eneco, a main supplier of natural gas, electricity and heat in the Netherlands. The volumes are up to 0.5 billion cubic meters (bcm) per year with deliveries to the Dutch gas grid from 1 February this year. -
08 Feb 26
UK: Scottish Government refuses consent for CWP's proposed 60-turbine Scoop Hill Wind Farm
The largest renewable energy scheme before Scottish Government decision makers, shovel ready with a grid connection constructed & preparing for operation in 2027, has been refused consent. The proposed 60-turbine Scoop Hill Wind Farm would have created more than 250 construction jobs, delivered £5 million a year in business rates, and provided £2 million annually in community benefit funding.
