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The oil and gas fishing market targets USD4.36bn by 2031, driven by offshore drilling

The expansion of the global oil and gas fishing market is accelerating on the back of offshore projects, with annual growth estimated at 5.7% according to The Insight Partners.

Aker ASA posts 24% share increase and accelerates real estate strategy in 2025

Norwegian industrial group Aker ASA achieved a strong surge in its share price in the first half, expanded its diversification into real estate, and executed major transactions despite global energy market volatility.

Aker Carbon Capture pays $162mn in dividends after selling its main assets

Aker Carbon Capture distributed $162mn in dividends to its shareholders, a direct consequence of significant asset disposals and a substantial restructuring of its balance sheet in the second quarter of 2025.
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Equinor buys 2.1 mn of its own shares for $201 mn in second 2025 phase

Equinor ASA acquired 2.1 mn of its own shares on the Oslo Stock Exchange for a total of $201 mn between July 7 and 11, continuing the second phase of its 2025 buyback programme.

Ørsted secures $2.75bn for Greater Changhua 2 from 25 banks and 5 export agencies

Ørsted has completed a $2.75bn project financing with 25 banks and five export credit agencies for the 632 MW Greater Changhua 2 offshore wind farm in Taiwan, strengthening its industrial partnership strategy. —

Asia accounts for 71% of new renewable capacity, Africa remains marginalised

Asia dominated global new renewable energy capacity in 2024 with 71% of installations, while Africa recorded limited growth of only 7.2%, according to the latest annual report from IRENA.
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EBRD Lends €400 Million to Moldova to Secure Energy Supply

The European Bank for Reconstruction and Development lends €400 million to JSC Energocom to diversify Moldova's gas and electricity supply, historically dependent on Russian imports via Ukraine.

BRICS Launch Their Own Climate Finance Framework and Reject CBAM

BRICS adopt a joint financial framework aimed at supporting emerging economies while criticizing European carbon border tax mechanisms, deemed discriminatory and risky for their strategic trade relations.

DNO secures USD 500 million financing linked to Norwegian gas

Norwegian group DNO ASA signs gas offtake contract with ENGIE and secures USD 500 million financing from a major US bank to guarantee future revenues from its Norwegian gas production.
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TGS wins strategic offshore wind contract in Norway

Energy company TGS has won a major high-resolution geophysical imaging contract for offshore wind site characterization in Norway, strengthening its position in this rapidly growing market.

Equinor discovers up to 15 mn barrels of oil at Johan Castberg in the Barents Sea

Equinor announces a new oil discovery estimated at between 9 and 15 mn barrels at the Johan Castberg field in the Barents Sea, strengthening the reserve potential in Norway's northern region.

China and the United States improve their energy performance in an unstable global context

While advanced economies maintain global energy leadership, China and the United States have significantly progressed in the security and sustainability of their energy systems, according to the World Economic Forum's annual report.
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Globeleq launches South Africa’s largest energy storage facility

Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.

France and Norway formalize an agreement on cross-border CO₂ transport

France and Norway sign an agreement facilitating the international transport of CO₂ to offshore geological storage facilities, notably through the Northern Lights project and the CO₂ Highway Europe infrastructure.

Statkraft reduces offshore wind investments following strategic review

Statkraft refocuses investments on flexible Nordic hydropower and reduces commitments in offshore wind and hydrogen to lower operating costs, amid an uncertain economic environment and pressured profitability.
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Equinor launches its first solar power plant in Denmark through subsidiary BeGreen

The Ingerslev Å solar plant, operated by BeGreen, an Equinor subsidiary, begins production in Denmark, adding a capacity of 65 MW and generating approximately 68 GWh annually for the local DK1 electricity market.

Norway: Johan Castberg oil field reaches full capacity in three months

Three months after starting production, Norway’s Johan Castberg oil field, located in the Barents Sea, reaches its full capacity of 220,000 barrels per day, significantly increasing energy supplies to Europe.

Globeleq acquires 51% of Lunsemfwa Hydro Power in Zambia from Norfund

Globeleq acquires a majority stake in Lunsemfwa Hydro Power Company, marking its entry into the Zambian energy market with two hydropower plants and a solar project.
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ORLEN Group secures €382 million for its hydrogen projects

The Polish energy group ORLEN receives a non-repayable grant of €382 million from the National Recovery Plan to finance its renewable and low-emission hydrogen production initiatives.

Statkraft announces $292 million cuts amid European financial pressures

Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
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Investments in Hydrogen: Acceleration and Global Challenges

Investments in hydrogen have doubled, mainly in China, but uncertainties remain regarding demand and regulatory frameworks necessary for sustainable growth.

Yoji Muto confirms Japan’s restart of nuclear reactors and the growth of renewables

Japan's new Minister of Economy, Trade, and Industry, Yoji Muto, recently reaffirmed the country's commitment to restart its nuclear power plants while maximizing the integration of renewables into its energy mix. This approach is part of a broader strategy to diversify Japan’s energy sources and reduce its dependence on fossil fuels.

Russia: export ban on petrol and diesel may be lifted if there is a surplus

Russian Deputy Prime Minister Alexander Novak announces that Russia could lift the gasoline export ban if a supply surplus is found in a stable domestic market.
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Norway inaugurates the first commercial underwater CO2 storage site

Norway has launched the world's first commercial CO2 transport and storage service, marking a milestone in the management of industrial emissions in Europe thanks to the Northern Lights project.

Brazil: Prio and Sinochem negotiate 40% stake in Peregrino

Prio is in advanced discussions with Sinochem to acquire a 40% stake in the Peregrino oil field. The deal, valued at $1.9 billion, could significantly boost Prio's production.

Brazil increases LNG purchases to offset hydroelectric decline

Faced with dwindling water reserves, Brazil is stepping up its purchases of liquefied natural gas to maintain power generation, increasing pressure on the global LNG market this winter.
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Barents: Johan Castberg project key to Arctic gas development

The Johan Castberg field launches a new phase of exploration in the Arctic, vital for Europe's gas future in the face of declining resources in the North Sea.

Greenpeace obtains judicial review of North Sea projects

Shell and Equinor's oil projects in the UK are facing a judicial review initiated by Greenpeace UK, threatening their development in the midst of the energy crisis.

Envision Energy and TÜV Nord join forces on wind turbine standards

Envision Energy and TÜV Nord enter into a partnership to strengthen the certification of wind power technologies, with a focus on supply chain optimization and international competitiveness.
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CO2 storage in Norway: A new course for industrial emissions

Norway launches the world's first commercial CO2 transport and storage service. The project could transform emissions management for hard-to-decarbonize industries.

Stellantis and Orano cancel their battery recycling project

Stellantis and Orano abandon their planned joint venture to recycle electric vehicle batteries. The project, announced for 2023, will not see the light of day in 2026 as originally planned.

Centrus invests USD 3.4 billion in US nuclear power

Centrus urges the U.S. government to direct the $3.4 billion in federal investment into domestic nuclear technology, in order to strengthen U.S. energy independence from foreign dependencies.
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Renewable energies gain in competitiveness against fossil fuels

By 2023, 81% of new renewable energy capacity was cheaper than fossil fuel alternatives, emphasizing their key role in the global energy transition.

Havfram teams up with Luxcara for Waterkant wind farm in Germany

Havfram signs a contract with Luxcara to transport and install 16 18.5 MW turbines at the Waterkant offshore wind farm in Germany's North Sea, with commissioning scheduled for spring 2028.

The rebound in VLCC rates since the record low of 2023

VLCC tanker rates from the Gulf of Mexico to Europe and Asia are beginning to recover after a year of sharp declines, due to fluctuating demand for crude oil.
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NANO Nuclear explores micro-nuclear technology for space conquest

NANO Nuclear Space is working on adapting its micronuclear reactors for space missions, with a focus on cis-lunar space.

Air France-KLM: New sustainable fuel agreement with TotalEnergies

Air France-KLM has signed a contract with TotalEnergies for the purchase of 1.5 million tonnes of sustainable aviation fuel (SAF) over ten years, with the aim of reducing CO2 emissions and accelerating its decarbonization strategy.

Companies struggle to maintain their investments in decarbonization

Large companies are reducing their investments in decarbonization due to geopolitical tensions, although regulations and consumer expectations continue to push them towards better management of their emissions.
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Strategic shutdown of Cove Point LNG plant for annual maintenance

The Cove Point LNG plant, operated by Berkshire Hathaway Energy, is suspending operations for planned three-week maintenance, temporarily disrupting natural gas flows.

Spain increases its green hydrogen ambition to 12 GW by 2030

Spain is stepping up its green hydrogen strategy, with a new target of 12 GW of electrolysers by 2030, marking a turning point in its energy policy.
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