Latest News
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29 Jul 26
Belgium: INEOS Project ONE modules escape Strait of Hormuz to reach Antwerp
The first of two critical modules for INEOS’ €5bn engineering project in Antwerp arrived today after being trapped in the Strait of Hormuz for months. The final two modules complete the Project ONE cracker, with the second and final module expected in the coming days. -
29 Jul 26
UK: Energi Coast announces new Chair
Energi Coast, North East England’s offshore wind cluster, has appointed Tom Nightingale as Chair as the region moves into a new era. Highly experienced in the UK’s offshore wind industry, Tom is Local Supply Chain Manager (UK) for Equinor’s Power Business, supporting supply chain development activities for UK projects. -
29 Jul 26
Westwood Insight - How a Norway M&A Deal could impact FLAGS
In Norway, a seemingly innocuous asset swap deal has highlighted the vulnerability of UK pipeline systems to Norwegian entrants. Vår Energi and Equinor recently announced a deal to exchange assets on the Norwegian Continental Shelf, whereby Vår Energi will receive a 32.5% interest in the Peon discovery and takes operatorship from Equinor, which retains 27.5% equity. -
29 Jul 26
Germany: RWE raises outlook for fiscal years 2026 and 2027
Preliminary results for the first half of 2026 exceed market expectations. Additional positive earnings effects from the increase in RWE’s stake in transmission system operator Amprion, a compensation payment in the Flexible Generation segment and higher earnings from international power generation lead to an increase in the earnings outlook for fiscal years 2026 and 2027. -
29 Jul 26
UK: Funding for Shetland clean fuels hub
The development of a clean fuels hub on Shetland will get financial backing from the Scottish Government, Energy Minister Stephen Gethins announced ahead of a visit to Sullom Voe Terminal. Veri Energy will receive almost £760,000 to support the third phase of work to develop the hub. -
29 Jul 26
US: Tesla and Zelestra agree to a long-term solar PPA in Texas
Zelestra, a global, multi-technology, customer-focused renewable energy company, has expanded their energy engagements with Tesla across markets with the signing of a new 140 MWac power purchase agreement (PPA) for Lumen Farm solar project in Texas. -
29 Jul 26
UK: Scottish Power awards over £100m in UK-wide onshore windfarm contracts boost
ScottishPower has awarded contracts totalling a record £102.9million to companies spanning the country in the latest round of support for Britain’s supply chain. -
29 Jul 26
UK: Offshore Energies UK responds to public consultation on the £10.8 billion Rosebank and Jackdaw energy projects
Offshore Energies UK is calling for an acceleration of consent for development of the Rosebank and Jackdaw energy projects highlighting in its response to ongoing public consultations submitted this week, their strategic importance to the UK’s energy security, economy and industrial future. -
29 Jul 26
Germany: RWE to build large-scale storage at Hambach mine
RWE is continuing to expand its battery storage portfolio and is constructing a new large-scale storage facility on the site of the Hambach opencast mine. The first of a total of 128 lithium-ion battery containers have already been delivered. The large-scale storage facility will have a capacity of 236 megawatts (MW) and a storage capacity of 470 megawatt-hours (MWh). The facility is scheduled to come on stream in 2027. -
29 Jul 26
Montenegro: Masdar and EPCG advance 2GW partnership in Montenegro with first solar and energy-storage projects
Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, and Elektroprivreda Crne Gore (EPCG), Montenegro’s national power utility, have advanced their strategic partnership into project execution with agreements covering 150 megawatts (MW) of solar capacity and the potential development of over 400MW of pumped hydro energy storage. -
29 Jul 26
Eni reports results for the second quarter and half year 2026 - Excellent 2Q performance and enhanced guidance; increased shareholder returns
Eni's Board of Directors, chaired by Giuseppina Di Foggia, has approved the consolidated results for the second quarter and first half of 2026. As a result of strong execution and the market environment, Eni raises guidance on 2026 production to around 5% underlying growth and increases its distribution policy to €3.4 bln of share buyback. -
29 Jul 26
Nordex Group achieves double-digit EBITDA margin in Q2/2026, strong order intake growth, and positive free cash flow
The Nordex Group reported solid operational and financial performance in the second quarter of 2026. Sales reached around EUR 2.2 billion in Q2/2026, 16.3 percent up compared to the previous-year quarter (Q2/2025: EUR 1.9 billion). Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the second quarter of 2026 more than doubled to EUR 223.8 million (Q2/2025: EUR 108.2 million) reaching a double-digit EBITDA margin of 10.3 percent (Q2/2025: 5.8 percent). -
29 Jul 26
Jadestone Energy announces tTrading update for the half-year ended 30 June 2026
AIM-listed Jadestone Energy has announced a trading update for the half-year ended 30 June 2026. During the first half of the year Jadestone achieved substantial progress on its two most important 2026 deliverables, advancing its next leg of growth in Vietnam and strengthening its balance sheet. -
29 Jul 26
Morocco: Predator Oil & Gas Holdings announces execution of amendment to rig contract to drill MOU-6
Predator Oil & Gas Holdings announces extensive drilling and potential testing programmes scheduled to be completed over the next 3 months in Morocco (MOU-6) and Trinidad (Snowcap-3). MOU-6 will be the first well in the planned programme, followed by Snowcap-3. -
29 Jul 26
Australia: Shearwater awarded carbon storage seismic survey contract in Australia
Shearwater Geoservices has been awarded a 3D seismic survey contract to support appraisal of the carbon storage potential in the Bonaparte Basin, Northern Australia. -
29 Jul 26
Mexico: Paratus Energy completes sale of Fontis
Paratus Energy has announced that all remaining conditions regarding the sale of Fontis' drilling operations and jack-up fleet have now been satisfied. -
29 Jul 26
Borr Drilling completes acquisition of five rigs through new joint venture
Borr Drilling has announced that BC Ventures, a 50/50 joint venture between the Company and its long-term well construction partner in Mexico, has completed the previously announced acquisition of five premium jack-up rigs from Fontis Finance for a total purchase price of $287 million. -
28 Jul 26
MPC Energy Solutions completes sale of solar projects in Guatemala and El Salvador
MPC Energy Solutions NV ('MPCES') has concluded the sale of two solar PV plants in El Salvador and Guatemala. The agreement to sell the two projects – referred to as Project Merlin – was signed in November of last year and the sale was approved by the Company’s shareholders in December 2025.
