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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.

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.
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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.
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.

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.
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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.
BW Offshore selected by Equinor for Bay du Nord FPSO development
BW Offshore has been chosen by Equinor to supply the FPSO unit for Canada’s Bay du Nord project, marking a key milestone in the advancement of this deepwater oil development.

Equinor injects up to $939mn to support Ørsted’s capital increase

Equinor confirms its participation in Ørsted’s capital increase, aiming to maintain its 10% stake and support the financial stability of the Danish group facing headwinds in offshore wind.
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Norway launches assessment process for two nuclear projects
Norwegian authorities begin the first regulatory phase for two modular nuclear reactor projects, marking a strategic step in the national review of the potential role of nuclear energy in the country’s power mix.
Equinor, Shell and TotalEnergies launch the first subsea CO2 injection in Norway
The Northern Lights project has injected its first volume of CO2 under the North Sea, marking an industrial milestone for carbon transport and storage in Europe.

Vantage Drilling extends conditional agreement for the Platinum Explorer rig

Vantage Drilling International Ltd. extends the validity of its conditional letter of award until August 29, without changes to the initial terms.
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Ukrainian Arrested in Italy Refuses Extradition for Nord Stream Sabotage
First suspect linked to the Nord Stream pipeline explosions, a Ukrainian citizen challenged by Berlin opposes his judicial transfer from Italy.
Trump Suspends $9.4 Billion Offshore Wind Project in the United States
The Revolution Wind project, already 80% complete, has been halted by the U.S. administration over national security concerns, creating major uncertainty in the sector.

Aker BP quadruples estimates for Omega Alfa field in the North Sea

Norwegian producer Aker BP raises its oil potential forecast for the Omega Alfa well, part of the Yggdrasil project, with estimated resources reaching up to 134 million barrels of oil equivalent.
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Ukrainian Arrested in Italy for Alleged Role in Nord Stream Sabotage
A Ukrainian national suspected of coordinating the Nord Stream pipeline sabotage has been apprehended in Italy, reigniting a judicial case with significant geopolitical implications across Europe.
Low-carbon ammonia faces technical and financial challenges in shipping
According to the Oxford Institute for Energy Studies, the adoption of low-carbon ammonia in maritime transport faces economic, regulatory, and safety barriers, despite growing international pressure to reduce emissions from the global fleet.

Eleven US companies selected to fast-track small nuclear reactor testing

The United States Department of Energy has selected eleven companies to build experimental nuclear reactors by July 2026, under a programme aimed at meeting rising electricity demand.
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Vestas maintains annual targets despite 44% drop in orders
The Danish turbine manufacturer posted a 14% increase in quarterly revenue, despite a sharp drop in order intake and negative cash flow.
GeoPura strengthens hydrogen capabilities with GHS assets and European base
GeoPura has acquired key assets from Green Hydrogen Systems and opened a subsidiary in Denmark to support its expansion in hydrogen electrolyser production and maintenance.
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Tanzania bets on compressed natural gas to cut oil imports
TotalEnergies secures 1,000 km² offshore exploration permit in Congo
ACWA Power commits to study 2,500 MW of energy projects in Syria
Autoliv secures energy supply with two European renewable contracts
Swedish manufacturer Autoliv signs two 12-year renewable power purchase agreements with Alight and Eurowind Energy to ensure stable supply and anticipate volatility in European energy markets.
Aker Horizons and Mitsui secure €128mn funding for Mainstream
Aker Horizons and Mitsui have finalised a structured financing agreement with DNB to support Mainstream Renewable Power’s targeted strategy in South Africa, Australia and the Philippines.

The French PPA market reaches 2 GW led by photovoltaic dominance

France now counts over 100 long-term electricity purchase agreements, totalling 2 GW, mainly driven by the rise of photovoltaics and the expansion of hybrid and multi-buyer models.
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NGOs call for global ban on offshore oil exploration
Over 100 international organisations are urging a halt to offshore oil and gas exploration ahead of the United Nations Ocean Conference scheduled in June in Nice.
Awilco Drilling PLC detaches a special dividend of USD 2.06 per share
Offshore oil group Awilco Drilling PLC enters ex-dividend period on 1 April, marking the detachment of a USD 2.06 per share payment, amid significant cash returns to shareholders.

Subsea7 secures contract up to $150M for Northern Lights in Norway

Subsea7 has been awarded a major contract by Equinor for Phase 2 of the Northern Lights project, involving the installation of a CO2 pipeline offshore Norway, with operations scheduled for 2026 and 2027.
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Stockholm Exergi launches the first industrial BECCS project using Capsol technology
Stockholm Exergi approves investment in an industrial BECCS project using Capsol’s CO₂ capture technology, backed by Microsoft and Frontier Group, targeting 800,000 tonnes of CO₂ removed annually from 2028.
Copenhagen Infrastructure Partners partners with GC Storage Services for 2.3 GW battery projects in Italy
Copenhagen Infrastructure Partners has signed a strategic agreement with GC Storage Services to develop 2.3 GW of battery storage capacity across northern and southern Italy.

European decarbonisation: costs, economic challenges, and the future of natural gas

Europe is considering various energy strategies up to 2050, revealing highly variable costs and an uncertain future for natural gas demand amid political pressure to achieve carbon neutrality at lower costs.
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Scatec signs 25-year contract for 120 MW solar plant in Tunisia
Scatec has signed a 25-year power purchase agreement with STEG for a 120 MW solar project, strengthening its presence in Tunisia and cooperation with Japan’s Toyota Tsusho Group.
Tensions in Greenland: Washington increases presence amid political limbo
The planned visit of senior US officials to Greenland sparks political backlash in Nuuk, as no new government has been formed since the 11 March elections.

Greenland: Election results and energy outlook amid Trump’s ambitions

The recent elections in Greenland resulted in a victory for the Demokraatit party, which advocates gradual independence from Denmark and increased support for the exploitation of natural resources, prioritizing the mining and energy sectors. This election comes amid heightened international tensions, notably due to proposals by Donald Trump to annex the territory.
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Ørsted commissions its largest onshore wind project in Germany with Bahren West I
Ørsted has commissioned the 50.4 MW Bahren West I onshore wind farm in Germany, its largest project of this kind in the country. Construction of the 61.6 MW Bahren West II wind farm will start in May 2025, with completion expected by 2027.
Equinor starts gas production at Halten East in the Norwegian Sea
Equinor has begun gas production at Halten East, a NOK 9 billion project in the Norwegian Sea, two years after receiving approval from Norwegian authorities.

Chinese manufacturers dominate the global wind market in 2024

Goldwind, Envision, and MingYang secured the top three positions in the global wind turbine manufacturing market in 2024, driven by strong domestic demand in China. The decline in installations outside China further strengthened their dominance over Western competitors.
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Scatec and Egypt Aluminium sign agreement for 1.1 GW solar project in Egypt
Scatec ASA has signed a 25-year Power Purchase Agreement (PPA) with Egypt Aluminium to develop a 1.1 GW solar photovoltaic project coupled with a 100 MW/200 MWh battery energy storage system in Egypt, supported by a sovereign guarantee.
Samsung E&A acquires 9.1% of Nel ASA and signs a strategic agreement
Samsung E&A invests $33.2 mn in Nel ASA, becoming its largest individual shareholder. The strategic agreement aims to develop hydrogen plants integrating Nel’s electrolysers.

KHNP and Samsung C&T Form Strategic Alliance for International Nuclear Projects

KHNP and Samsung C&T have signed an agreement to collaborate on international nuclear projects, aiming to strengthen their global competitiveness, particularly in the rapidly growing Asia-Pacific market.
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Mainstream Renewable Power appoints Morten Henriksen as CEO
Mainstream Renewable Power has announced the appointment of Morten Henriksen as CEO, effective from April 1, 2025, as part of its strategy to focus on cost reduction and expansion into three key markets.
European oil majors slow down their energy transition
Several major European oil companies, including BP, are adjusting their climate strategies, reducing investments in renewable energy to focus on increasing oil and gas production in order to improve their profitability.
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