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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.
03 Dec 25
China: CNOOC Limited brings on-stream Weizhou 11-4 Oilfield Adjustment and Satellite Fields Development
CNOOC Limited has announced that Weizhou 11-4 Oilfield Adjustment and Satellite Fields Development Project has commenced production. The project is located in the Beibu Gulf Basin of the South China Sea.
02 Dec 25
GeoPark announces 2026 work program and medium-term guidelines
GeoPark, a leading independent energy company with over 20 years of successful operations across Latin America, has announced its 2026 Work Program and 2027-2028 guidelines.
02 Dec 25
Brazil: Petrobras advances in expanding the capacity of RNEST
Petrobras celebrates, in Ipojuca (PE), the expansion of the processing capacity of the Abreu e Lima Refinery (RNEST), with the construction of the second set of units (train 2).
02 Dec 25
Netherlands: Vattenfall signs landmark battery storage agreement
Vattenfall has secured 100MW (400 MWh) of storage capacity from the Dutch Leopard battery, currently under development by Giga Storage. Under the agreement, Vattenfall will have full operational control of this capacity, enabling the company to mitigate increased imbalance risks across its customer and renewable portfolio.
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