Shell agrees sale of 4 GW European renewables portfolio to TotalEnergies
Shell has agreed to sell its European onshore renewables business, comprising 500 MW of operating and construction-stage assets and a 3.5 GW development pipeline. The disposal deepens Shell’s move away from capital-intensive renewable project development… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
National Gas shifts innovation priorities towards resilience and energy security
National Gas has placed energy security and network resilience at the centre of its innovation strategy for the 2026-31 regulatory period. Projects will examine import optimisation, network forecasting, biomethane hubs, emissions reduction and closer coordination… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
BP puts UK North Sea business up for sale after six decades
BP has launched a formal process to sell its UK North Sea oil and gas business, potentially ending more than 60 years as an offshore producer in its home market. The portfolio employs around 1,100… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Shell sells Aphrodite gas stake to MOL for up to $720 million
Shell has agreed to sell its 35% interest in Cyprus’s Aphrodite gas field to MOL Group for up to $720m. The project remains pre-FID, with the latest timetable pointing to a decision in 2028 and… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
BP plans 700 job cuts as O’Neill flattens upstream structure
BP is proposing to remove around 700 non-frontline production and operations roles, according to a leaked internal email. The reductions would affect about 8% of 8,500 positions, while operators, technicians and maintenance teams are expected… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Glencore trading profit more than doubles as commodity disruption pays off
Glencore expects approximately $3.3 billion of adjusted earnings from commodity marketing in the first half of 2026, up from $1.4 billion a year earlier. Energy market dislocation helped push the division close to the top… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Getting into the wires – Setting the stage for AI innovation in the UK
By Eleanor Akers, founder of Innovative Energy Consultants. One of Andy Burnham’s first acts as Prime Minister was to merge the Department for Science, Innovation and Technology (DSIT) with the Department for Business and Trade… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Shell profit more than doubles as Middle East volatility powers $9.8 billion quarter
Shell’s Q2 adjusted earnings rose to $9.8bn, beating analyst expectations and more than doubling from a year earlier. Strong LNG and oil trading, higher commodity prices and improved refining and chemicals margins outweighed a 31%… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Malawi commissions 20 MW battery to stabilise hydro-dependent power grid
Malawi has commissioned its first 20 MW / 40 MWh standalone battery system in Lilongwe, backed by around $20mn of grant funding. The two-hour facility is designed to stabilise the grid, reduce diesel generation and… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Eni and TotalEnergies sanction Cyprus’s first gas development
The Cronos field is scheduled to begin production in 2028 and supply around 2.8 million tonnes of LNG annually. Four subsea wells will feed existing processing facilities at Egypt’s Zohr field before the gas is… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]