DNO targets Genel as Ratio regains lead in Pharos bidding war
August 10, 2026
Genel Energy has rejected a possible 69p-a-share offer from DNO that values the company at approximately £202 million. Ratio Petroleum has
Fossil Fuels
BP takes full control of Trinidad’s 3.5 Tcf Calypso gas discovery
August 7, 2026
BP will acquire Woodside Energy’s 70% interest in Calypso, giving it complete ownership of the deepwater gas project. Trinidad’s government has
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
UK widens Russia sanctions as China turns to Russian crude
August 7, 2026
The UK has sanctioned 19 targets spanning Russian banks, shadow fleet tankers and companies supplying metals used in military equipment. Sinopec
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
BP’s North Sea exit is a verdict on scale as much as tax risk
August 6, 2026
Meg O’Neill’s support for domestic production is compatible with BP’s decision to exit the UK North Sea; the assets remain valuable
Russia expands shadow LNG fleet ahead of EU import ban
August 5, 2026
At least eight second-hand LNG carriers have reportedly entered Russian service in six months, taking Moscow’s unofficial fleet to about 25
BP completes Gelsenkirchen refinery sale as portfolio overhaul accelerates
August 4, 2026
BP has transferred its Gelsenkirchen refinery and related businesses to Klesch Group for an undisclosed sum. The transaction is expected to
National Gas shifts innovation priorities towards resilience and energy security
August 3, 2026
National Gas has placed energy security and network resilience at the centre of its innovation strategy for the 2026-31 regulatory period.
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
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