Latest News
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10 Feb 25UK: ‘Substantial green prize’ lies ahead for UK as it decarbonizes economy, says DNV
he UK’s energy transition will deliver a cleaner, more efficient, and less expensive energy system, according to DNV’s 2025 UK Energy Transition Outlook (ETO) report. -
10 Feb 25Germany: RWE's Amrumbank West offshore wind farm will help balance the German grid
RWE plans to offer a system-stabilising secondary reserve, also known as automatic frequency restoration reserve, for the German power grid via its offshore wind farm, Amrumbank West. The transmission system operator TenneT recently granted the necessary pre-qualification for a capacity of 60 megawatts (MW). -
10 Feb 25Australia: Copenhagen Infrastructure Partners commences construction on a 960 MWh battery energy storage project in Australia
Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has issued notice to proceed to start construction of the 240 MW / 960 MWh Summerfield battery in Australia. The battery will support the South Australian Government’s target of 100% net renewable energy by 2027. -
10 Feb 25Australia: Potentia Energy announces strategic acquisition of a portfolio of high-quality renewable assets across Australia
Potentia Energy, co-owned by Enel Green Power and INPEX, has entered an agreement with CVC DIF and Cbus Super to acquire controlling stakes in a significant portfolio of over 1 gigawatt (GW) renewable assets across Australia. -
10 Feb 25China: CNOOC Ltd brings on-stream Bozhong 26-6 Oilfield Development Project (Phase I)
CNOOC Limited has announced that Bozhong 26-6 Oilfield Development Project (Phase I) has commenced production. Bozhong 26-6 Oilfield is the world’s largest metamorphic buried hill oilfield with cumulative proven oil and gas in-place of over 200 million cubic meters. -
10 Feb 25Baltic states begin historic switch away from Russian power grid
More than three decades after leaving the Soviet Union, Estonia, Latvia, and Lithuania have begun to unplug from Russia's electricity grid and join the EU's network. -
10 Feb 25Norway: CO2 storage on the Norwegian Shelf could become a new industry
Last year, more licences were granted for storing CO2 on the Norwegian continental shelf than ever before. Four exploration licences were granted in 2024, and offers were extended for two exploration licences, making last year the most prolific to date when it. -
10 Feb 25UK: Government rips up rules to fire-up nuclear power
More nuclear power plants will be approved across England and Wales as the Prime Minister slashes red tape to get Britain building - as part of his Plan for Change. Reforms to planning rules will clear a path for smaller, and easier to build nuclear reactors – known as Small Modular Reactors – to be built for the first time ever in the UK. -
10 Feb 25UK: Development Programme and Budget submitted to P2607 JV for New Gas Offtake Route via CalEnergy owned Saturn Banks pipeline
Hartshead Resources has submitted a development Programme and Budget to the P2607 Joint Venture (JV) for approval for the development of the Anning and Somerville gas fields utilising the Saturn Banks pipeline system, for transportation to the Perenco owned and operated Bacton Terminal. -
07 Feb 25Norway: Aker BP drills dry well in the Njargasas prospect in the North Sea.
Aker BP and its partners have drilled a dry well in the 'Njargasas' prospect in the North Sea. Wildcat well 35/6-5 S is located in production licence 1110, which was part of the awards in predefined areas (APA) 2020, announced in February 2021 and was the first well in the licence. -
07 Feb 25ConocoPhillips reports fourth-quarter and full-year 2024 results; announces 2025 guidance
ConocoPhillips has reported fourth-quarter 2024 earnings of $2.3 billion compared with fourth-quarter 2023 earnings of $3.0 billion. Full-year 2024 earnings were $9.2 billion compared with full-year 2023 earnings of $11.0 billion. -
07 Feb 25Carbon capture: High degree of uncertainty whether risky investment by Govt will pay off
Government’s backing of unproven, first-of-a-kind technology to reach net zero is high-risk. In a report published today, the Public Accounts Committee (PAC) calls on Government to assess whether its full carbon capture, usage and storage (CCUS) programme will be affordable for taxpayers and consumers, given wider pressures on energy bills and the cost of living. -
07 Feb 25Poland: Cadeler further strengthens its position in the Polish offshore wind market with the signing of a new Vessel Reservation Agreement
Cadeler has announced the signing of a Vessel Reservation Agreement ('VRA') with Ocean Winds for the installation of the wind turbine generators (WTGs) at BC-Wind offshore wind farm in the Polish Baltic Sea. -
07 Feb 25Australia: Tamboran Resources completes Shenandoah SS-2H ST1 stimulation
Tamboran Resources successfully completed stimulation activities over 35 stages across a 5,483-foot (1,671-metre) horizontal section in the Mid Velkerri B Shale within the Shenandoah South 2H sidetrack (SS-2H ST1) well. -
07 Feb 25Oman invites investors to participate in licensing round 2025
Oman’s Ministry of Energy and Minerals (MEM) has launched a new competitive bid round for three oil and gas exploration blocks - Block 36, Block 43A and Block 66. -
06 Feb 25UAE: ADNOC Gas delivers record $5 billion net income for 2024, propelling sustainable growth ambitions
ADNOC Gas and its subsidiaries, a world-class integrated gas processing company, announced record earnings for the full year (FY) 2024 of $5 billion, and its highest quarterly income of $1.38 billion since its IPO, significantly ahead of the Bloomberg consensus for both periods. -
06 Feb 25Repsol boosts its digital strategy through collaboration with Accenture to adopt AI agents
Repsol continues to advance its Digital Program by incorporating AI agent systems, designed and deployed with the help of Accenture and built on the NVIDIA AI platform. This will enable the firm to accelerate and reinvent key business processes end-to-end in all areas of the company.