energy-pedia news

Search energy-pedia news by selecting date, type, and region from the drop-down boxes

The full News Archive is available to Corporate Subscribers only. Non-Subscribers can access up to four years of archived news. For details of how to subscribe click here.

Reset

13 Aug 26	UK: New report reveals North Sea revenue drop off as firms flee EPL New data from the Government Expenditure and Revenue Scotland (Gers) report has revealed revenue from the North Sea has fallen £1.6billion in the space of two years. The figures show North Sea revenue has dropped off sharply from close to £5.5billion in 2023-24, to just under £4.5billion in 2024-25, and most recently to £3.9 billion in 2025-26.
13 Aug 26	Mongolia: Petro Matad agrees 2026 Oil Sales Agreement with Petro Matad agrees 2026 Oil Sales Agreement with PetroChina for Block XX production and secures development rights to three utility-scale renewable energy projects, significantly expanding its portfolio in Mongolia.
13 Aug 26	UK: Reinstated wells produced 16 million boe in 2025 North Sea operators produced an extra 16 million barrels of oil from 56 reinstated wells in 2025 as they focused on well interventions which boosted production and efficiency. The success of this campaign has been supported by a significant improvement in intervention efficiency, with the cost per barrel of oil equivalent added decreasing from £9.60/boe in 2024 to £7.60/boe in 2025. A total of 398 well interventions were carried out in the year.
13 Aug 26	UK: Leading North Sea operators back NSTA well decommissioning charter North Sea operators have pledged to support an initiative to help them meet their well decommissioning obligations, boost the supply chain and potentially deliver significant savings for industry and taxpayers. The North Sea Transition Authority (NSTA) and 17 operators have signed a charter with a set of guiding principles, including working collaboratively to develop a smoother approach to wellhead removals.
13 Aug 26	Azerbaijan: Wood Nobel Energy secures key role in Azerbaijan’s Nakhchivan power project Wood Nobel Energy has been awarded the front-end engineering design (FEED) contract for the Nakhchivan Combined Cycle Thermal Power Plant in Azerbaijan, supporting a key project that will strengthen power generation and export in the Nakhchivan Autonomous Republic.
13 Aug 26	Saipem awarded an offshore contract in the Middle East worth approx. 1.8 billion USD Saipem has been awarded an offshore EPCI contract in the Middle East, valued at approx. 1.8 billion USD. The project will leverage Saipem’s proven regional track record in delivering pipeline and offshore infrastructure, supported by its regional vessels and advanced engineering capabilities.
13 Aug 26	RWE delivers strong first-half results RWE achieved adjusted EBITDA of €3.0 billion in the first half of 2026, significantly exceeding the prior-year figure of €2.1 billion. Adjusted net income rose to €1.3 billion, up from €0.8 billion in the same period last year. Adjusted earnings per share increased to €1.77 from €1.08. The strong earnings growth was driven by robust operational performance across all segments.
13 Aug 26	Germany: Nordex Group receives orders totaling 82 MW from EFG Energy Farming Group in Lower Saxony, Germany The Nordex Group has received orders from the EFG Energy Farming Group for the supply and installation of a total of twelve wind turbines for several citizen wind projects in Lower Saxony. The 'Erlte-Endel' project in the district of Vechta and the 'Bad Essen' project cluster in the district of Osnabrück together comprise an installed capacity of around 82 MW.
13 Aug 26	Orsted continues its strategic progress, delivers solid operational performance, and is on track to deliver on its 2026 financial guidance Ørsted’s Board of Directors have approved the interim financial report for the first half year 2026. Ørsted continued its strategic progress and made significant progress on construction projects across three continents.
13 Aug 26	Iraq: Genel Energy announces operational update Genel Energy notes DNO’s announcement this morning, consistent with our comments at our half year results, reporting that drilling activities recommenced in April and production at the Tawke field restated on 28 June and at the Peshkabir field on 11 July.
13 Aug 26	Archer Limited reports record quarter and EBITDA margin expansion Archer Limited reports record quarterly EBITDA of $44.9 million and a strong EBITDA margin of 17.1% for the second quarter of 2026, demonstrating continued earnings growth and margin expansion. EBITDA increased by 14% year over year, adjusted for the divested workover business in southern Argentina. Archer further strengthened its market position through significant contract awards and strategic investments in P&A technology.
13 Aug 26	US: Interior advances American Energy Dominance with Third Gulf of America Lease Sale The Department of the Interior has announced that the Marine Minerals Administration’s Lease Sale Big Beautiful Gulf 3, or BBG3, generated $82,689,756 in high bids for 59 blocks in federal waters of the Gulf of America. Sixteen companies submitted 69 bids totaling $99,476,285.
13 Aug 26	DNO reports record revenue as it chases new growth DNO, the Norwegian oil and gas operator, has reported record second quarter revenue of USD 761 million, up 21 percent quarter-on-quarter, as strong North Sea production sold at high commodity prices more than offset the impact of the production shutdown in the Kurdistan region of Iraq. Operating profit increased 55 percent quarter-on-quarter to USD 439 million, while net profit rose 65 percent to USD 83 million.
12 Aug 26	Ireland: Wind energy planning approvals at highest level since early 2025 Five new wind energy projects were approved in the second quarter of this year, marking the highest level of approvals since Q1 2025, while one project was refused planning permission. The projects will add a combined generation capacity of 311 MW, enough to power just over 180,000 homes each year.
12 Aug 26	Tunisia/Libya: Joint Oil announces new Bid Round schedule for Zarat Development and Joint Oil Block Exploration Acreage Details regarding the Joint Oil Block and Zarat Discovery bid round have been officially released by Joint Oil Exploration, Exploitation and Petroleum Services Company (Joint Oil) and its appointed advisor, Moyes & Co. Located in the prolific Gabes-Tripoli Basin of the central Mediterranean, this offshore acreage represents a premier opportunity for cross-border energy cooperation between Tunisia and Libya.
12 Aug 26	UK: OnPath Energy starts construction work at 50MW UK solar site The development of a new South Yorkshire solar energy and battery storage project has reached its latest landmark with the start of construction work on the site. Leading renewables developer OnPath Energy is building the Common Farm Solar Park close to the Todwick Road Industrial Estate in Dinnington.
12 Aug 26	Italy: European Energy secures EUR 234m financing for 225 MW agri-pv project in Italy Project financing supports the construction of one of Italy’s largest and most advanced agrivoltaic developments, further expanding European Energy’s renewable energy assets’ portfolio in the country. The transaction is among the first financings of an agrivoltaic project of this scale and complexity in Italy.
12 Aug 26	Sao Tome: TGS commences São Tomé and Príncipe 2D PSDM Reprocessing TGS, in partnership with the Agência Nacional do Petróleo de São Tomé e Príncipe (ANP-STP), has announced the commencement of the São Tomé and Príncipe 2D PSDM Reprocessing project.
12 Aug 26	UK: North-east households in line for £2,500 energy bill discount for hosting pylons Thousands of households living close to major electricity grid projects in the North-east could receive £2,500 off their energy bills under a new UK Government scheme. Homes within 500 metres of eligible new or upgraded transmission infrastructure are expected to receive discounts worth £250 a year for 10 years, with the first payments due to begin next year.
12 Aug 26	UK: Swinney urges Burnham to rethink £1.5bn wind factory ban First Minister John Swinney has urged Prime Minister Andy Burnham to reconsider the UK Government’s decision to block a £1.5billion wind turbine factory in the Highlands. Chinese manufacturer Ming Yang had proposed building what would be the UK’s largest wind turbine manufacturing facility at Ardersier, near Inverness, creating up to 1,500 direct jobs and potentially 8,000 more across the supply chain.
12 Aug 26	Germany: He Dreiht offshore wind farm: All wind turbines now installed Germany’s largest offshore wind farm continues to take shape / Manufacturer Vestas has finished installing 64 wind turbines / Further work through full commissioning in late summer.
12 Aug 26	UK: Copenhagen Infrastructure Partners’ large-scale BESS project Coalburn 1 reaches commercial operation Copenhagen Infrastructure Partners (CIP), through its flagship fund Copenhagen Infrastructure IV (CI IV), has announced that Coalburn 1 has commenced commercial operations. Coalburn 1, a 500 MW, two-hour duration battery energy storage system in Scotland, is now the largest operational battery in Europe.
12 Aug 26	Vestas announces Interim Report, Q2 2026 In the second quarter of 2026, Vestas generated revenue of EUR 4,723m – an increase of 26.1 percent compared to the second quarter of 2025. EBIT before special items amounted to EUR 446m, resulting in an EBIT margin before special items of 9.4 percent, compared to 1.5 percent in the second quarter of 2025.
12 Aug 26	Egypt: Scatec reports commercial operations reached for the final phase of the Obelisk project in Egypt Scatec, a leading renewable energy solutions provider, has successfully reached Commercial Operations Date (COD) for the second phase of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt.
12 Aug 26	Australia: Georgina Energy provides Hussar EP513 pre-drill site works update Georgina Energy, a helium, hydrogen and natural gas exploration and development company with strategic permits in Australia, confirms that civil engineering contractors are currently completing the pre-drill site works, including water well drilling and conductor pipe drilling required for the planned Q3 Hussar drilling program.