GE Vernova’s booming gas and grid orders overshadow deepening wind losses
July 23, 2026
GE Vernova’s Q2 orders rose by 88% organically to $24.2 billion, led by gas turbines and electricity grid equipment. Wind revenue
Markets
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
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
State-backing dispute holds up $30 billion Morocco-Germany power link
July 23, 2026
Morocco reportedly wants Germany to endorse an intergovernmental agreement providing long-term political support for the Sila Atlantik power link project. Rabat
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
Good Energy turns to large-scale offshore wind with record Ørsted PPA
July 17, 2026
Good Energy will buy 400 GWh from Ørsted’s Walney 1 and 2 offshore wind farms between October 2026 and October 2028.
Germany deploys €13.3 billion energy shield – but raids its climate fund to pay for it
July 17, 2026
Berlin is planning €13.3 billion of energy cost relief for businesses and households in 2027, €2.5 billion more than this year.
BP prepares to close ventures arm as strategic reset hits emerging technology portfolio
July 16, 2026
BP has agreed to sell stakes in more than ten technology businesses to Verdane and is proposing to close BP Ventures.
BP flags higher Q2 earnings as oil rally drives sharp debt reduction
July 14, 2026
BP expects higher oil and gas prices, stronger refining margins and another robust oil trading performance to lift Q2 earnings. Upstream
Shell greenlights Bahamas LNG terminal after years of delay
July 14, 2026
Shell has taken a final investment decision on a small-scale LNG import terminal at Clifton Pier and acquired 40% of project
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