Markets

Offshore wind forecast to quadruple to 420 GW by 2035

June 9, 2026

The Global Wind Energy Council’s 2026 Offshore Wind Report projects offshore wind capacity will soar from 92 GW in 2025 to about

China leads surge in low‑carbon industrial investment – Mission Possible Partnership

June 9, 2026

The Mission Possible Partnership (MPP) recorded 19 low‑carbon industrial projects reaching final investment decisions (FIDs) globally between November 2025 and April

Legal & General argues energy transition ‘alive and well’ despite investor doubts

June 8, 2026

Legal & General’s Climate and Nature Transition Plan 2026 argues that talk of a stalled transition is misplaced, emphasising that renewable

BP hopes to offload North Sea assets dashed after Ithaca talks fail

June 3, 2026

BP and Ithaca Energy engaged in advanced discussions to sell BP’s remaining UK North Sea oil and gas assets in a

Allocation Round 8 to take first bids on 20 July

June 1, 2026

The UK government has announced that the next Contracts for Difference (CfD) auction, Allocation Round 8, will open for qualification bids

BP eyes Azerbaijan’s Babek gas field as Europe scrambles for supply

May 28, 2026

BP will take over operatorship of Azerbaijan’s Babek gas field, which contains about 400 billion cubic metres (Bcm) of gas and

Hormuz shutdown cripples global shipping and fuels energy security fears

May 28, 2026

Shipping through the Strait of Hormuz has collapsed by about 88%, with daily transit of crude, fuel and LNG carriers down

BP’s boardroom turmoil deepens: Albert Manifold ousted over governance and conduct concerns

May 26, 2026

BP has removed chairman Albert Manifold with immediate effect, citing serious concerns over governance standards and conduct. Manifold disputes BP’s version