Denmark

Statkraft sells 1.5 GWp portfolio in India to Serentica Renewables

Statkraft has signed an agreement to sell solar and wind assets in India to Serentica Renewables, marking a strategic refocus on Europe and South America.

Vallourec signs $1bn contract with Petrobras for Brazilian offshore operations

French steel tube manufacturer Vallourec has secured a strategic agreement with Petrobras, covering complete offshore well solutions from 2026 to 2029.

IEA warns of 3.3 million barrel oil surplus in 2026

Increased output from Opec+ and non-member producers is expected to create a global oil surplus as early as 2025, putting pressure on crude prices, according to the International Energy Agency.
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Petrobras takes 27.5% stake in Block 4 offshore São Tomé with Shell and Galp

The Brazilian company expands its African footprint with a new offshore exploration stake, partnering with Shell and Galp to develop São Tomé and Príncipe’s Block 4.

Iberdrola secures 84% of Neoenergia after €1.88bn acquisition

Iberdrola strengthens its presence in Brazil by acquiring PREVI’s stake in Neoenergia for BRL11.95bn, raising its ownership to 84%.

Brazil invests to connect Roraima to its national power grid

Roraima, the last state not connected to Brazil’s national grid, has been linked through a publicly funded project launched over 14 years ago.
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Voltalia unveils SPRING, a strategic plan to restore profitability by 2026

Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.

Ineos pulls capital from the UK and commits £3bn investments in the US

Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.

BW Energy raises $365mn for Maromba FPSO and secures drilling rig

BW Energy has finalised a $365mn financing for the conversion of the Maromba FPSO offshore Brazil and signed a short-term lease for a drilling rig with Minsheng Financial Leasing.
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Vantage Drilling signs 260-day contract for the Platinum Explorer

Vantage Drilling has finalised a major commercial agreement for the deployment of the Platinum Explorer, with a 260-day offshore mission starting in Q1 2026.

BlueNord lowers Tyra production guidance for Q3 2025

Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.

UK prepares new oil tax regime to revive UKCS competitiveness

The United Kingdom is set to replace the Energy Profits Levy with a new fiscal mechanism, caught between fairness and simplicity, as the British Continental Shelf continues to decline.
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Norway tests first commercial cargo flight with fully electric aircraft

An American-built electric aircraft completed a test flight between Stavanger and Bergen, marking a key step in integrating zero-emission air cargo operations into Norwegian airspace.

Orsted sues Trump administration over halt of Revolution Wind project

Orsted and two U.S. states have taken federal legal action to contest the abrupt halt of the Revolution Wind project, a $5 billion offshore venture now at risk of prolonged suspension.

Viridien and TGS launch 5,300 km² 3D seismic survey offshore Brazil

Viridien and TGS have started a new 3D multi-client seismic survey in Brazil’s Barreirinhas Basin, an offshore zone still unexplored but viewed as strategic for oil exploration.
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Brazil bets on Cop 28 to shape the diplomatic agenda of Cop 30

Brazil’s Cop 30 presidency aims to leverage the Dubai commitments to mobilise public and private actors despite ongoing deadlock in international negotiations.

1,460 GtCO2: Nature study reshapes allocation of global subsurface capacity

A prudent limit of 1,460 GtCO2 for geologic storage reshapes the split between industrial abatement and net removals, with oil-scale injection needs and an onshore/offshore distribution that will define logistics, costs and liabilities.

Denmark rejects again 37 offshore wind applications without tender

The Danish Energy Agency confirmed the rejection of 37 feasibility study permit applications, citing European Union state aid rules and lack of competition.
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thyssenkrupp nucera acquires technology assets from Green Hydrogen Systems

thyssenkrupp nucera has completed the purchase of key assets from Green Hydrogen Systems, strengthening its position in pressurised alkaline electrolysis for industrial hydrogen production.

Scatec signs 15-year power purchase agreement for a solar plant in Colombia

Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.

BP discovers major offshore field in Brazil, its largest find in twenty-five years

BP has announced the discovery of an oil and natural gas field off the coast of Brazil, in the Santos Basin, marking its most significant find in a quarter of a century.

Equinor restarts Hammerfest LNG terminal after three-month technical shutdown

The restart of Norway’s Hammerfest LNG site by Equinor follows over three months of interruption, strengthening European liquefied natural gas supply.

FRV partners with Envision for a 500MW green ammonia project in Brazil

Fotowatio Renewable Ventures joins forces with Envision Energy for the H2 Cumbuco project, aiming for a 500MW green ammonia plant targeting Brazilian, European, and Asian markets.
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South Korea and Norway launch study on i-SMR nuclear mini-reactors

A joint feasibility study project on Korean i-SMR modular reactors has just been launched for a future nuclear site at the border of the Aure and Heim municipalities, aiming for significant regional industrial impact.

US-Brazil trade war opens pathway for China and Europe in Latin America

The 50% tariffs push Brasília toward accelerated commercial integration with Beijing and Brussels, reshaping regional economic balances.

US tariff exemptions reveal critical reliance on Brazil for energy and metals

Analysis of sectors spared by Trump tariffs exposes the vulnerability of US industrial supply chains to Brazilian resources.
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Brazil’s oil industry plans over $110bn in total natural gas investments

In response to the energy transition, Brazil’s oil majors are accelerating their gas investments. It is an economic strategy to maximise pre-salt reserves before 2035.

Trump hits Brazil with 50% tariffs but spares oil and iron

Washington imposes massive duties citing Bolsonaro prosecution while exempting strategic sectors vital to US industry.

Nscale, Aker and OpenAI launch Stargate Norway, a 100,000 GPU AI infrastructure project in Norway

A partnership between Nscale, Aker and OpenAI will create Stargate Norway, an artificial intelligence infrastructure site powered by renewable energy, set to house 100,000 NVIDIA GPUs in Northern Norway by the end of 2026.
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Subsea 7 reports earnings growth and confirms merger with Saipem

Subsea 7 reports a strong increase in its financial results for the second quarter of 2025 and announces a definitive agreement for a merger with Saipem, while maintaining its growth outlook for the year.

Scatec obtains retroactive tariff on ancillary electric services in the Philippines

Scatec ASA and Aboitiz Power secure approval for an increased tariff on ancillary services, generating more than $21mn in retroactive revenue on the Philippine market.

ArcelorMittal Brazil launches innovative hydrogen project with Utility Global in Juiz de Fora

ArcelorMittal Brazil begins a collaboration with Utility Global to develop a clean hydrogen project using the patented H2Gen system, aimed at producing up to 3 tons per day at the Juiz de Fora plant.
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Petrobras Cuts Natural Gas Prices by 14% to Boost Brazilian Industry

The state-owned oil company adjusts its rates amid falling oil prices and real appreciation, offering up to $132 million in savings to distributors.

Elimini and HOFOR sign an agreement for a large-scale BECCS project in Copenhagen

Elimini and HOFOR join forces to transform the AMV4 unit at Amagerværket with a BECCS project, aiming for large-scale CO₂ capture and the creation of certified carbon credits. —

Is Europe replacing Moscow with Washington in its energy dependence

The EU-US agreement could create a higher energy concentration than that of Russia before 2022, threatening the European diversification strategy.
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Bureau Veritas accelerates diversification with three targeted acquisitions in Europe and Asia

Bureau Veritas completes acquisitions in cybersecurity in Denmark, nuclear in Germany, and transition services in South Korea, further strengthening its coverage of strategic high-growth markets.

Nordex Group posts 81% order growth and strong cash flow in the second quarter of 2025

Nordex Group records a significant jump in profitability and order intake, reaching EUR 2.3 bn in the second quarter of 2025, confirming its financial trajectory with a positive free cash flow.

Equinor extends Hammerfest LNG terminal shutdown until August 3

Equinor postpones the restart of its Hammerfest LNG terminal by five days, a key site for European liquefied natural gas supply.
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Trade tensions: Brazil’s strategic minerals at the centre of negotiations with the United States

The Brazilian mining sector is drawing US attention as diplomatic discussions and tariff measures threaten to disrupt the balance of strategic minerals trade.

Vallourec sees 64% drop in profit but strengthens operating margin

Despite a sharp decline in sales and prices, Vallourec improved its profitability and issued an upward forecast for its gross operating income in the second half of 2025.