BP takes full control of Trinidad’s 3.5 Tcf Calypso gas discovery
BP will acquire Woodside Energy’s 70% interest in Calypso, giving it complete ownership of the deepwater gas project. Trinidad’s government has estimated that Calypso could eventually supply 700 million cubic feet a day, although no final investment decision has been taken. The transaction shows BP concentrating capital around large resources connected to existing operations while […]
RWE accepts $1.22 billion settlement to abandon US offshore wind leases
RWE will relinquish three offshore wind leases near New York, California and Louisiana after concluding that they have no foreseeable route to federal approval. The company has highlighted $900m of investment in Louisiana LNG and a $300m turbine agreement supporting 15 proposed gas peaking projects. The settlement shows US policy redirecting capital between technologies, while […]
UK widens Russia sanctions as China turns to Russian crude
The UK has sanctioned 19 targets spanning Russian banks, shadow fleet tankers and companies supplying metals used in military equipment. Sinopec has reportedly bought 30 to 40 cargoes of Russian ESPO crude for delivery between… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Harbour Energy raises output and cash forecasts after record first half
First-half production reached a record 509,000 barrels of oil equivalent a day, prompting Harbour to lift its full-year guidance. The company generated $1.8 billion of free cash flow and expects to return at least $800 million to shareholders during 2026. Acquisitions have increased Harbour’s scale and international diversification, although debt, operating costs and safety indicators […]
Great British Energy backs Naked Energy with £7.5 million investment
Great British Energy is investing £7.5 million in renewable heat company Naked Energy alongside existing shareholder Barclays Climate Ventures. The £8.875 million funding round will support a UK manufacturing facility expected to create up to 40 direct and 100 indirect jobs. Solar thermal could reduce gas consumption in heat-intensive buildings without adding to peak electricity […]