BP awarded Loran Phase 2 licence as BP and Venezuela deepen offshore energy cooperation
BP and the Government of the Bolivarian Republic of Venezuela have signed agreements to advance offshore gas development, including the award of an exploration and production licence for Phase 2 of the Loran field in the Plataforma Deltana area. Loran Phase 2 contains an estimated 4 trillion cubic feet of recoverable gas resources. BP has […]
Ørsted ‘on track’ to deliver on 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. Ørsted is on track with its updated strategy and continues to deliver solid operational performance. EBITDA (excluding new partnerships and cancellation fees) in H1 […]
Commercial operations reached for the final phase of the Obelisk project in Egypt
Scatec ASA 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. The Obelisk project has been built in two phases. The first phase comprises 561 MW of solar capacity and the total 100 MW/200 MWh battery energy storage […]