RWE accepts $1.22 billion settlement to abandon US offshore wind leases
August 7, 2026
RWE will relinquish three offshore wind leases near New York, California and Louisiana after concluding that they have no foreseeable route
Finance & Legal
Harbour Energy raises output and cash forecasts after record first half
August 7, 2026
First-half production reached a record 509,000 barrels of oil equivalent a day, prompting Harbour to lift its full-year guidance. The company
Great British Energy backs Naked Energy with £7.5 million investment
August 7, 2026
Great British Energy is investing £7.5 million in renewable heat company Naked Energy alongside existing shareholder Barclays Climate Ventures. The £8.875
Essar Energy Transition expands financing as Stanlow transition projects approach FID
August 6, 2026
Essar Energy Transition has expanded a receivables financing facility from $150m to $350m, with NatWest joining ABN AMRO as an equal
Denmark’s redesigned auction secures 1.8 GW of offshore wind
August 5, 2026
Vattenfall has won contracts for the 1 GW North Sea I Mid and 800 MW Hesselø developments. Winning prices were DKK504/MWh
BP puts $4.1 billion Archaea acquisition up for sale as profits more than double
August 5, 2026
BP will market its US biogas business four years after acquiring it for an enterprise value of $4.1bn. Underlying replacement cost
Shell agrees sale of 4 GW European renewables portfolio to TotalEnergies
August 3, 2026
Shell has agreed to sell its European onshore renewables business, comprising 500 MW of operating and construction-stage assets and a 3.5
ENGIE raises outlook as UK Power Networks begins delivering earnings
August 3, 2026
ENGIE raised its 2026 earnings guidance after H1 EBIT excluding nuclear increased 3.3% to €5.3 billion. UK Power Networks contributed €180
BP puts UK North Sea business up for sale after six decades
July 31, 2026
BP has launched a formal process to sell its UK North Sea oil and gas business, potentially ending more than 60
Shell sells Aphrodite gas stake to MOL for up to $720 million
July 31, 2026
Shell has agreed to sell its 35% interest in Cyprus’s Aphrodite gas field to MOL Group for up to $720m. The
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Clean hydrogen investment passes $130 billion, but demand remains uncertain
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The North Sea: Beyond oil and gas
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