Climate-driven drought raises industrial and energy costs across Europe
July 24, 2026
Climate change has made the current agricultural soil drought five times more likely in western Europe and 11 times more likely
Fossil Fuels
Centrica puts Rough storage on course for closure without government support
July 24, 2026
Centrica does not currently intend to extend Rough’s production and storage consent beyond 30 April 2027. Seasonal storage operations have already
Iberdrola H1 profit rises as capital shifts towards regulated networks
July 23, 2026
Iberdrola’s H1 reported net profit rose 22% to €4.34 billion, although part of the increase came from the sale of Mexican
Government shifts more CCUS risk to emitters under new access contract
July 23, 2026
The proposed Transition Access Agreement would allow capture projects to connect to shared CO₂ networks without receiving the full support available
Europe faces heightened winter gas risk as storage recovery falters
July 23, 2026
European gas storage is only 54% full, significantly below its five-year average and at its second-lowest level in 15 years. Equinor
Mirova backs Yanara with €150 million as Australia races to replace coal
July 22, 2026
Sustainable investment manager Mirova has committed €150mn to Yanara to accelerate more than 2 GW of renewable generation and battery projects
ADNOC approves $6.2 billion Umm Shaif gas development offshore Abu Dhabi
July 22, 2026
ADNOC and its international partners have taken a $6.2 billion final investment decision on the offshore Umm Shaif Gas Cap. The
Miatta Fahnbulleh replaces Miliband as UK energy secretary
July 21, 2026
Miatta Fahnbulleh has replaced Ed Miliband at the Department for Energy Security and Net Zero following his move to the Foreign
Hormuz crisis must improve ‘within weeks’ for the sake of global energy security – IEA
July 20, 2026
IEA executive director Fatih Birol has warned that global energy security will deteriorate unless flows through the Strait of Hormuz recover
AI accelerates methane detection – but action still depends on governments and operators
July 17, 2026
UNEP says artificial intelligence allows analysts to process 12-15 times more satellite data while maintaining expert verification. AI workflows identified 80-85%
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