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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
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'.
21 Jul 26
Norway: Vår Energi reports record financial results in the second quarter 2026
Vår Energi reports record financial results in the second quarter 2026 and announces a combination with BlueNord, building the largest independent producer of oil and gas in Europe.
21 Jul 26
Austria: bp agrees sale of Austrian mobility & convenience and EV charging businesses to volenergy AG
bp has reached an agreement to sell its mobility, convenience and electric vehicle (EV) charging businesses in Austria to volenergy AG. The transaction supports bp’s plan to become a simpler, stronger and more valuable company, and reflects its continued focus on disciplined capital allocation.
20 Jul 26
UK: New government can revitalise North Sea energy industry with policy reset
An early visit by Prime Minister Andy Burnham to meet North Sea energy operators and their workforce could mark a crucial turning point in government attitudes towards home-grown energy and the future of the offshore industry, says David Whitehouse, Chief Executive of Offshore Energies UK (OEUK).
20 Jul 26
Romania: Progress on the Neptun Deep project: the offshore production platform has been installed in the Black Sea
OMV Petrom, the largest integrated energy producer in Southeast Europe, and S.N.G.N. ROMGAZ SA, the largest producer and main supplier of natural gas in Romania, have completed the installation of the offshore production platform for Neptun Deep, marking one of the most important milestones in the development of Romania's largest natural gas project.
20 Jul 26
UK: Major milestone for Ocean Winds as Caledonia Offshore Wind Farm secures Scottish Government consent
Ocean Winds, the 50/50 joint venture between EDP Renewables and ENGIE, has secured offshore consent from the Scottish Government for its two-gigawatt (GW) Caledonia Offshore Wind Farm.
20 Jul 26
UK invests in homegrown space tech to boost national resilience
British businesses, universities and researchers will receive access to more than £62 million in government funding to develop homegrown space technologies, boosting the UK’s national resilience and helping protect its independence in a strategically vital sector.
20 Jul 26
Italy: Sonnedix bolsters hybrid capabilities in Italy with acquisition of 260MW battery storage portfolio
Sonnedix, a global renewable energy company with 11GW of total capacity, has announced the acquisition of a 260MW battery energy storage system (BESS) portfolio in Tuscania, Italy. This deal increases the company's total BESS portfolio to approximately 2.8GW and marks a further step in one of Europe's fastest-growing energy markets.
20 Jul 26
Denmark: European Energy grid connects two battery projects totalling 152 MWh in Denmark
European Energy has grid connected battery storage systems at two sites in Denmark. A 28 MW / 112 MWh system at Stouby and a 10 MW / 40 MWh system at Agersted have both entered operation, bringing the combined battery capacity across the two parks to 38 MW / 152 MWh.
20 Jul 26
Italy: ERG and Statkraft sign an agreement for the supply of over 800 GWh of wind energy in Italy
ERG, a leading independent producer of energy from renewable sources, has announced that its subsidiary ERG Power Generation SpA has signed a financial Power Purchase Agreement (PPA) with Statkraft, the largest renewable energy producer in Europe, with a 'pay as produced' profile for a duration of 7 years, starting from 1 January 2027
20 Jul 26
Italy: Zenith Energy acquires biogas development company
Zenith Energy has entered into a binding Letter of Intent and Exclusivity for the acquisition of 100% of the issued share capital of an Italian biogas development company, which owns the rights to develop a fully permitted and engineered biogas production facility in Italy, subject to completion of the proposed acquisition.
20 Jul 26
Denmark’s largest offshore wind farm takes shape: Half of wind turbines now installed at Thor
RWE has achieved a significant milestone in the construction of the 1.1-gigawatt Thor offshore wind farm after successfully installing half of the 72 turbines off Denmark’s west coast near Jutland. First wind farm worldwide to install CO2-reduced steel towers. Further sustainable feature: recyclable rotor blades from Siemens Gamesa.
20 Jul 26
UK: New Prime Minister urged to change course as poll shows overwhelming support for North Sea oil and gas production
More than seven out of ten people think the UK should produce oil and gas in its own waters rather than rely on imports from abroad, according to independent polling.



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