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22 Jul 26![]() |
UK: Scottish Labour leader Anas Sarwar set for Burnham government role Scottish Labour leader Anas Sarwar is expected to stand down from Holyrood to join Andy Burnham's UK Government as a business minister. The move would see Mr Sarwar resign as Scottish Labour leader, leave the Scottish Parliament and take a seat in the House of Lords. |
22 Jul 26![]() |
UK: Renewable power offers best bet for new Energy Secretary to cut bills Commenting on the appointment of Miatta Fahnbulleh as the new Energy Secretary, and on the departure of her predecessor Ed Miliband, RenewableUK’s CEO Tara Singh said: 'We're looking forward to working closely with Miatta Fahnbulleh and the new Government to achieve what households and businesses across the country want most: lower energy bills, greater energy security and good jobs in every part of the UK. |
22 Jul 26![]() |
UK: Fahnbulleh promises 'pragmatic' approach to North Sea as unions seek urgent talks New Energy Secretary Miatta Fahnbulleh has insisted she will take a 'pragmatic' approach to North Sea oil and gas, as unions seek urgent talks over the future of the sector. |
22 Jul 26![]() |
88 Energy provides quarterly activities and cashflow report 88 Energy has provided a report on its activities in Alaska and Namibia for the quarter ended 30 June 2026. |
22 Jul 26![]() |
Germany: Vestas announces new 43 MW order in Germany Vestas has announced a new 43 MW order in Germany, as part of its Q3 order intake. The customer is Eurowind Energy A/S and the project name is Ladenthin. Delivery is planned to begin in Q3 2027, with commissioning scheduled to begin in Q4 2027. |
22 Jul 26![]() |
Finland: Iberdrola acquires Finland’s largest electricity distribution company, valued at €5 billion Iberdrola has reached an agreement to acquire Caruna, Finland’s leading electricity distribution company, in a transaction valuing 100% of the company at around €5 billion, including its financial debt. |
22 Jul 26![]() |
Germany: RWE reports first electricity fed into grid from Nordseecluster A offshore wind farm off German coast One milestone follows another at the 1.6-gigawatt (GW) Nordseecluster offshore wind project. Yesterday, just a few weeks after the successful installation of the first turbine, electricity was fed into the German grid for the first time. |
22 Jul 26![]() |
Cote d'Ivoire: Saipem awarded a new offshore drilling contract by Eni Côte d’Ivoire valued at approx. USD 260 million Saipem has been awarded a new offshore drilling contract by Eni Côte d’Ivoire, valued at approx. 260 million USD. The drillship Santorini will be deployed offshore Côte d’Ivoire for a long-term development drilling campaign, with operations scheduled to begin in early 2027. |
22 Jul 26![]() |
Australia: Omega Oil & Gas commences transformational Taroom Trough drilling program Helmerich & Payne FlexRig® 648 has commenced mobilisation to Omega's Canyon-3 well location on the eastern flank of the Taroom Trough, marking the start of Omega’s transformational, fully funded, 2026/27 drilling program. |
22 Jul 26![]() |
Norway: TGS announces Atlantic Margin South Reprocessing project in the Norwegian Sea TGS has announced the Atlantic Margin South Reprocessing project, located in the Norwegian Sea. The project area covers more than 23,000 sq kms of 3D data over this underexplored part of the Norwegian continental shelf (NCS). |
22 Jul 26![]() |
Canada: TGS commences Orphan3D PSDM Phase 2 reprocessing offshore Newfoundland and Labrador TGS has announced the commencement of the Orphan3D PSDM Phase 2 reprocessing project offshore Newfoundland and Labrador, Canada. The project will upgrade approximately 13,300 km² of 3D seismic data across one of the most prospective exploration regions in the North Atlantic. |
22 Jul 26![]() |
Equinor announces second quarter 2026 results Equinor delivered an adjusted operating income of USD 11.48 billion in the second quarter of 2026. Equinor reported a net operating income of USD 12.99 billion and a net income of USD 4.84 billion. Adjusted net income was USD 3.22 billion, leading to adjusted earnings per share of USD 1.33. |
21 Jul 26![]() |
Halliburton announces second quarter 2026 results Halliburton Company announced net income of $534 million for the second quarter of 2026 and adjusted net income, excluding 'Impairments and other credits', of $461 million. This compares to net income for the first quarter of 2026 of $461 million. Halliburton's total revenue for the second quarter of 2026 was $5.7 billion, compared to total revenue of $5.4 billion in the first quarter of 2026. |
21 Jul 26![]() |
UK: Chris O'Shea comment on VAT reduction for energy bills Chris O'Shea, Group Chief Executive of Centrica, comments on the Government's announcement to remove VAT from household electricity bills from 1 October. |
21 Jul 26![]() |
UAE: TotalEnergies announces Final Investment Decision (FID) for the Umm Shaif Gas Cap development TotalEnergies has announced the Final Investment Decision (FID) for the Umm Shaif Gas Cap development in the Umm Shaif and Nasr offshore concession, in which the Company holds a 20% interest alongside ADNOC (60%), CNPC (10%) and ENI (10%), with ADNOC Offshore as operator. |
21 Jul 26![]() |
UK: Industry urges new Energy Secretary Miatta Fahnbulleh to back homegrown energy over imports Offshore Energies UK (OEUK) has congratulated Miatta Fahnbulleh on her appointment as Secretary of State for Energy Security and Net Zero and urged her to meet North Sea industry representatives to make clear the new government backs homegrown energy production over growing reliance on imports. |
21 Jul 26![]() |
UK: Burnham places future of North Sea in the hands of London MP Miatta Fahnbulleh Andy Burnham has replaced Ed Miliband as Energy Secretary in his first cabinet reshuffle after becoming Prime Minister, appointing first-term Labour MP Miatta Fahnbulleh to the role. Mr Miliband, who frequently clashed with the North Sea sector over his opposition to new oil and gas licences and support for the windfall tax, has instead been appointed Foreign Secretary. |
21 Jul 26![]() |
UK: Burnham unveils VAT cut on electricity bills as first major policy Prime Minister Andy Burnham has announced plans to scrap VAT on domestic electricity bills from October 1, saying the move will cut the average annual household bill by around £45. The measure, unveiled on his second day in Downing Street, is expected to cost £850 million in 2026/27 and is the first in a series of economic announcements expected from the new government. |
21 Jul 26![]() |
Australia: Yanara secures EUR150 million investment from Mirova to accelerate utility-scale renewable energy development in Australia Yanara, a pioneering renewable energy leader across the Asia-Pacific region, has secured EUR 150 million investment from global asset manager Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, to accelerate the development of its utility-scale renewable energy portfolio in Australia. |
21 Jul 26![]() |
Eni and PETRONAS' Searah JV will reshape Southeast Asia's upstream landscape Eni and PETRONAS' launch of Searah, a new 50:50 strategic venture spanning 19 upstream assets across Indonesia and Malaysia, has the potential to reshape Southeast Asia's upstream sector, according to new analysis from Wood Mackenzie. |
21 Jul 26![]() |
US wind greenfield outlook lifts 5% as developers target more than 53 GW of overall wind additions through 2030 The US wind industry is on track to connect more than 53 gigawatts (GW) of capacity through 2030, as a surge in construction activity prompts Wood Mackenzie to raise its five-year greenfield outlook by 5% quarter-on-quarter, according to the US Wind Energy Monitor Q2 2026 report released today by Wood Mackenzie. |
21 Jul 26![]() |
Ghana: TGS signs agreement with the Petroleum Commission, Ghana, for Gulf of Guinea 2D-cubed project TGS has announced the signing of an agreement with the Petroleum Commission, Ghana, to create a new offshore 2D-cubed project across the Keta Basin, offshore Ghana, giving explorers a single, unified subsurface view of one of Africa’s most promising underexplored margins. |
21 Jul 26![]() |
Norway: Statkraft reports strong second quarter results driven by higher prices Statkraft delivered strong results in the second quarter of 2026, driven by significantly higher Nordic power prices. Hydropower generation in the Nordics was lower than the same quarter last year due to a tighter hydrological situation. Strategic divestments have been completed, and cost reductions remain on track, strengthening competitiveness. |
21 Jul 26![]() |
Norway: Zenith Energy completes financing in Norway Zenith Energy, the listed international energy production and development company, has completed a private placement of common shares of no par value with institutional investors in Norway. The Financing has attracted the participation of existing institutional investors to raise an aggregate total amount of approx. £2,116,000, resulting in the issuance of a total of 50,000,000 new common shares. |
21 Jul 26![]() |
UK: Applications open for latest clean power auction, with eligible capacity at record levels Commenting on today’s opening of the application window for Contracts for Difference Allocation Round 8, RenewableUK CEO Tara Singh said: 'Bringing forward this auction represents an important step towards strengthening Britain’s energy security, with recent global events demonstrating yet again that the best way to reduce our exposure to fossil-fuel price shocks is by generating more of our own electricity here in the UK, at the stable prices renewables offer'. |


































