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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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.
Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.

Iran seeks to revive oil production amid threat of renewed sanctions

Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.
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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.
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.

NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports

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.
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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.
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.

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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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.
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.
Opdenergy and Bruc Energy sign an agreement for the transfer of two photovoltaic plants located in Spain.
Equinor is requesting to develop extensions to the offshore wind farms located off the North Norfolk coast.

Aker Solutions Clarifies Norfolk Boreas Project

Aker Solutions, with the help of Siemens Energy, now has limited advance notice from Vattenfall to implement a wind power project.
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FRV and Tyler Hill launch FRV TH Powertek limited to develop 1GW storage systems in the UK.
Coal-fired power plants ready to go into action and, in an extreme scenario, occasional power outages to relieve the system.

Ørsted sells 50% of Hornsea 2 Wind Farm

Ørsted, acting on behalf of clients, announces the sale of 50% of the Hornsea 2 offshore wind farm to AXA IM Alts Group.
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Carlton Power, which specializes in energy infrastructure, obtains the construction permit for its renewable hydrogen plant.
The Norwegian government expects growth to slow next year, but is proposing to reduce its drain on oil revenues in order to contain inflation.

Denmark: drones reported near North Sea gas fields

After Norway, it's now Denmark's turn to report unauthorized drone flights over its North Sea oil platforms
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The European Commission is ready to "examine" a cap on gas prices on the European market in the face of rising bills.
Leaks from the Nord Stream 1 and 2 pipelines have released some 70,000 tons of methane, according to an estimate Wednesday.

Equinor increases its energy storage capacity

Equinor confirms final investment decision on the Blandford Road battery storage project in the UK.
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Hughes Subsea Services signs contract with Dogger Bank Wind Farm to provide anode installation services on Dogger Bank A.
The Norwegian military has serious flaws in its digital systems that could limit its capabilities in the event of an attack.

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.

Yara participates in the HyPilot Project

Yara joins the HyPilot project. This demonstrator could play a key role in reducing the cost of renewable hydrogen.
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In Italy, following the beginning of the Russian-Ukrainian conflict, the CEO of Eni embarked on a tour of African gas suppliers.
Torgrim Reitan has been named CFO and executive vice president of Equinor. His appointment will be effective October 6, 2022.