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04 Dec 25	UK: Ofgem unlocks £28 billion investment to maintain a safe, secure and resilient energy grid and upgrade and expand capacity to meet growing demands
04 Dec 25	US: TGS completes 13-basin reservoir characterization across 48,000+ wells and delivers 3,700+ maps powering exploration and carbon storage insights TGS has completed a multi-year reservoir characterization project across 13 U.S. basins, providing formation-level petrophysical interpretations to model reservoir performance and assess CO2 storage feasibility.
04 Dec 25	UK: Vattenfall reports successful demonstration of cutting-edge air defence technology at Aberdeen Offshore Wind Farm LiveLink Aerospace, in collaboration with Vattenfall and the Offshore Renewable Energy (ORE) Catapult, has successfully completed a demonstration of its air defence radar technology at Aberdeen Offshore Wind Farm. The event marks a significant milestone in the UK’s efforts to balance clean energy expansion with national defence priorities.
04 Dec 25	Westwood Insight – Those calling for more exploration may be disappointed The number of companies drilling high impact (HI) exploration wells has fallen by 50% between 2010–2014 and 2020–2024. Westwood’s latest Wildcat report examines where these HI explorers have gone, the consequences of fewer active players, and which companies are still committed to drilling HI wells. Key findings from the report are shared in this insight.
04 Dec 25	UK: Great British Energy publishes its first Strategic Plan Great British Energy (GBE) today sets out a clear, practical plan to accelerate the UK’s shift to renewable power and strengthen the nation’s industrial backbone. Today’s publication outlines GBE’s priorities for the next five years and shows how a publicly owned energy company can drive investment, support workers, and ensure communities feel the benefits of the energy transition.
04 Dec 25	Germany: Borkum Riffgrund 3, Ørsted’s largest offshore wind farm in Germany, produces first power A new milestone for Ørsted in Germany: Borkum Riffgrund 3 is feeding power into the grid. Ørsted and Nuveen have leveraged leading European suppliers to deliver the 913 MW offshore wind farm, which will enable German industry to decarbonise at a large scale once fully operational.
04 Dec 25	Var Energi drills oil and gas discovery in the Barents Sea Vår Energi and its partners have discovered oil and gas in the 'Goliat Nord' prospect. Wildcat well 7122/7-8 has been drilled in production licence 229, 3 kilometres from the Goliat facility.
04 Dec 25	Norway: Vår Energi confirms another oil discovery near the Goliat field in the Barents Sea Vår Energi has confirmed an oil discovery in the Goliat North exploration well, located close to the Vår Energi operated Goliat field in the Barents Sea.
04 Dec 25	Chevron announces 2026 capex budget of $18 to $19 billion Chevron has announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end of the long-term guidance range of $18 to $21 billion. Affiliate capital expenditure (affiliate capex) is expected to be $1.3 to $1.7 billion for 2026.
04 Dec 25	Norway: Magnora adds 100 MW data center project to its Norwegian portfolio On 4 December 2025, Magnora launched Magnora Scale Averøya, a high-density AI-ready data center project close to Kristiansund with capacity up to 100 MW.
04 Dec 25	Eco Atlantic enters Framework and Option Agreements with Navitas Petroleum Eco Atlantic enters Framework and Option Agreements with Navitas Petroleum for the Orinduik Block offshore Guyana and Block 1 CBK offshore South Africa as well as future oil and gas cooperation.
04 Dec 25	Egypt: ABL and PMS in Egyptian rig moving partnership ABL is partnering with Egypt’s Petroleum Marine Services Co. (PMS) to introduce a unified rig moving service in the Red Sea and Gulf of Suez, with the support of the Egyptian General Petroleum Corporation (EGPC).
04 Dec 25	US: Crescent Energy provides update on successful non-core divestiture program with over $900 million signed year to date Crescent Energy Company has announced the sale of its non-operated DJ Basin assets to a private buyer for $90 million in cash, subject to customary post-closing purchase price adjustments. The assets, primarily located in Weld County, Colorado, have current production of approximately 7 Mboe/d (~20% oil).
03 Dec 25	Turkey: Eni signs a long-term LNG sale agreement with BOTAS, strengthening its portfolio diversification and expanding global contracted volumes Eni has entered a long-term LNG sale agreement with Turkish company BOTAS, in line with the company’s strategy to grow a diversified global portfolio and secure stable, multi-year relationships in key international markets.
03 Dec 25	Italy: Plenitude signs agreement with ACEA for the acquisition of ACEA Energia Plenitude, a company controlled by Eni, and ACEA have signed a binding agreement regarding the acquisition by Plenitude of a 100% equity stake in ACEA Energia, a company fully owned by the ACEA Group that operates in the energy retail market. The transaction also includes a 50% share in the capital of Umbria Energy.
03 Dec 25	Namibia: ReconAfrica announces results at Kavango West 1X well, onshore Namibia Reconnaissance Energy Africa (ReconAfrica) has announced the results of the Kavango West 1X well located on Petroleum Exploration Licence ('PEL') 73, onshore Namibia. The well has encountered hydrocarbon pay in the Otavi reservoir section and the Company plans to production test Kavango West 1X in the first quarter of 2026. The well has been temporally abandoned and will be re-entered once testing equipment arrives in Q1 2026.
03 Dec 25	Italy: Zelestra secures 60 MW of new solar capacity in Italy’s FER X auction Zelestra, a global, multi-technology and customer-focused renewable energy company, participated in Italy’s FER X auction with eight projects and successfully secured the entire pipeline, adding approximately 60 MW of new solar capacity.
03 Dec 25	UK: OEUK champions workforce health with sustainable weight management showcase Practical solutions for healthier lifestyles and support for managing weight loss will be shared by Offshore Energies UK as part of its campaign to raise awareness of a new safety policy for people working offshore that comes into effect in November 2026.
03 Dec 25	Australia: Beetaloo Energy receives Federal Ministerial approval to allow for the sale or beneficial use of gas in EP187 Beetaloo Energy has advised that the Northern Land Council has received Federal Ministerial approval as required under subsection 27 (3) of the Aboriginal Land Rights (Northern Territory) Act 1976 to vary the existing Exploration Deed in relation to EP187 to allow for the sale or beneficial use of gas.
03 Dec 25	Finland: Enefit Green divests Tolpanvaara Wind Farm to TD Greystone Infrastructure Fund and Rabbalshede Kraft AB Enefit Green has signed an agreement to sell its Tolpanvaara wind farm in Finland to TD Greystone Infrastructure Fund, marking a strategic step in focusing on the Baltics and Poland markets.
03 Dec 25	UK: SSEN Transmission opens £17M strategic warehouse in Dundee SSEN Transmission has officially opened its second state-of-the-art operations warehouse, a £17 million facility located in Dundee’s Claverhouse East Industrial Estate. Mirroring the success of its sister site in Inverness, this new strategic hub is designed to strengthen the resilience and efficiency of the north of Scotland’s high-voltage electricity transmission network.
03 Dec 25	Poland: Nordex Group secures 118 MW order in Poland An international independent power producer has placed an order with the Nordex Group for 20 N149/5.X wind turbines to be supplied for a project in Poland. To date, the Nordex Group has installed over 600 wind turbines in Poland, representing a total installed capacity of 1.7 GW.
03 Dec 25	Vietnam: Coro Energy provides update on co-located Battery Energy Storage System pilot Coro Energy, the South East Asian renewable energy developer, has signed binding documentation with Mobile World Group for the delivery of a co-located Battery Energy Storage System Pilot ('BESS Pilot') at one of Coro's existing rooftop solar sites in Ho Chi Minh City.
03 Dec 25	Ukraine: Pennpetro Energy announces Limnytskyi licence update Pennpetro Energy, the company focused on developing strategic energy projects, announces updates regarding the Limnytskyi oil and gas exploration licence in western Ukraine, adjacent to the border with the European Union.
03 Dec 25	Brazil: Acteon inks three-year Petrobras contract for enhanced mooring asset integrity Intermoor, Acteon’s Moorings and Anchors business line, has been awarded a three-year contract by Petrobras. Intermoor will deliver comprehensive quality assurance and traceability services across Petrobras’ extensive inventory of critical mooring components.