United Kingdom

The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Vattenfall commits new investment to the Clashindarroch II onshore wind project, a 63MW site in Scotland set to begin construction in 2026 and deliver first power in 2027.

Fidra Energy secures £445mn for 3.1 GWh energy storage project

Scottish developer Fidra Energy reaches financial close on its Thorpe Marsh site, with equity funding led by EIG and the UK’s National Wealth Fund, marking a significant step in the UK’s energy storage sector.
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A partnership between AquaVentus and Hydrogen Scotland aims to connect Scottish offshore wind farms to a cross-border green hydrogen production and export infrastructure in the North Sea.
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.
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Spanish group Qualitas Energy inaugurated the Three Maids facility near Winchester, an anaerobic digestion plant able to produce 120 GWh of biomethane annually from agricultural waste.
Texas-based start-up MCatalysis secures seed funding from HL Energy Ventures to exploit, under exclusive licence, a microwave catalysis technology developed at the University of Oxford.

Van Oord completes installation of 109 cables at Sofia offshore wind farm

Van Oord has completed the installation of 109 inter-array cables at the Sofia offshore wind farm, marking a major logistical milestone for this North Sea energy infrastructure project.
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Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.
Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.

IAEA urges Iran to resume nuclear inspections as time runs out

The International Atomic Energy Agency warns that little time remains to reach an agreement with Iran on fully resuming inspections, as European sanctions could be reimposed within 30 days.
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NatPower Marine and Wah Kwong create a joint venture to deploy a maritime electric charging network in over 30 Asian ports by 2030, without requiring initial public investment.
The success of SGN’s test on a gas pipeline converted to hydrogen confirms Terra Firma Energy’s technological choices, with sites already equipped to accommodate this type of energy investment.

European Union redefines import rules for UK oil and gas

The European Union’s new import standard forces the United Kingdom to make major adjustments to its oil and gas exports, impacting competitiveness and trade flows between the two markets.
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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.
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.

ScottishPower halts green hydrogen projects despite public funding

ScottishPower pauses its renewable hydrogen projects in the United Kingdom, despite receiving public subsidies, citing a lack of commercial viability under the HAR1 programme.
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Shell ends construction of its biofuels plant in the Netherlands, citing low competitiveness, while reinforcing its oil activities, raising questions over its previous energy commitments.
US-based Westinghouse has signed six industrial agreements in the UK to supply critical components for its AP1000 and AP300 nuclear projects in Britain and abroad.
Ørsted, acting on behalf of clients, announces the sale of 50% of the Hornsea 2 offshore wind farm to AXA IM Alts Group.
Carlton Power, which specializes in energy infrastructure, obtains the construction permit for its renewable hydrogen plant.

Nord Stream Gas Pipeline Methane Leaks Downgraded by New Estimate

Leaks from the Nord Stream 1 and 2 pipelines have released some 70,000 tons of methane, according to an estimate Wednesday.
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Equinor confirms final investment decision on the Blandford Road battery storage project in the UK.
Hughes Subsea Services signs contract with Dogger Bank Wind Farm to provide anode installation services on Dogger Bank A.

Drax, Accused of Cutting Ancestral Forests in Canada, Devised in London

The Drax electricity company was down by more than 5% on the London Stock Exchange on Tuesday, after the broadcasting of a BBC documentary on Monday.
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Norway has accepted French, German and British military contributions to secure its oil sector.
Octopus Energy is accelerating the deployment of renewable energy in Germany after entering the market this year.

Italy competes with Germany on Gas

In Italy, following the beginning of the Russian-Ukrainian conflict, the CEO of Eni embarked on a tour of African gas suppliers.
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Wales is developing wind power. Ministers have approved a new wind farm that is widely supported.
One of the four leaks on the Nord Stream gas pipelines in the Baltic Sea is starting to weaken, according to Swedish authorities.

United Kingdom: Government Climate Policy Stirs Up Trouble

The first decisions of Liz Truss' Conservative government in the UK are raising concerns about its climate policy.
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After California, New York State wants to ban the sale of new gasoline vehicles by 2035.
Vestas named preferred supplier for Inch Cape offshore wind project. Located in Scotland, it has a capacity of 1.1 GW.

Masdar and RWE Cooperate on Offshore Wind Energy

Masdar and RWE sign a memorandum of understanding. Together, they will develop offshore wind in different markets.
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The negotiation of an international treaty to fight plastic waste is back on the agenda. States seem more divided than ever on the strategy to adopt.
The electricity transmission system operator RTE will pay out at least one billion euros to its users at the beginning of 2023.

Flotation Energy and Vargronn Join Forces

Flotation Energy and Vårgrønn announce offshore wind partnership to support oil and gas decarbonization in Scotland.
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At a time of energy transition, and in a context of energy crisis, gas stations seem to be on borrowed time.
Oil prices are falling. Fears of recession are increasingly present, disrupting the oil market.