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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.

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.

Saipem and Subsea7 validate their merger to create a global energy services giant

Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.
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Scatec wins 846 MW solar project in South Africa for 735 mn USD

Scatec secures the development of a 846 MW photovoltaic cluster in the Free State province, with an investment of ZAR13bn ($735mn), following the seventh round of South Africa's REIPPPP programme.

Equinor reports a 13% drop in profit for Q2 2025

Equinor announces a 13% decline in adjusted profit for Q2 2025, driven by falling oil prices, despite rising gas prices and production.

Equinor records $955mn impairment on Empire Wind project off New York

Equinor announces a significant impairment on its offshore wind project Empire Wind, due to regulatory changes and tariffs, affecting its quarterly results.
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Subsea7 secures EPCI contract for Equinor’s Fram Sør gas development

Subsea 7 S.A. has announced a major contract signed with Equinor for the engineering and installation of subsea infrastructure at the Fram Sør gas field, located in the North Sea off the coast of Norway.

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.
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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.

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. —
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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.

Norsk Kjernekraft creates a 1,280 MWe SMR nuclear plant near Mongstad

Norsk Kjernekraft and the municipality of Austrheim launch Fensfjorden Kjernekraft AS to build a 1,280 MWe SMR nuclear plant near the Mongstad oil site, aiming to reduce Norwegian industrial emissions and secure the electricity supply.
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Afghanistan: Work begins on the TAPI gas pipeline between Central and South Asia

Afghanistan launches construction of the TAPI gas pipeline, a USD 10 billion project linking Turkmenistan, Pakistan and India to transport natural gas over 1,800 km.

Enel prepares to withdraw from Vietnam, impact on renewable projects

Enel could pull out of Vietnam, following the trend of other Western companies reviewing their renewable energy strategies in the face of regulatory challenges.

European LNG spot prices outperformed by oil-indexed contracts

Spot prices for liquefied natural gas in Europe are in difficulty compared with long-term oil-indexed contracts, due to persistently low crude oil prices and winter uncertainties.
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Otovo cuts headcount by 46% in response to solar market downturn

Otovo cuts headcount by 46% to save up to 225 million kronor, as the residential solar market in Europe shows signs of slowing down.

Nepal: BG Titan Group and BB Holding sign 650 MW hydropower MOU

BG Titan Group and BB Holding formalize an agreement to develop the 650 MW Tamakoshi 3 hydropower project in Nepal, marking a further step in the expansion of the country's energy infrastructure.

Sovcomflot maintains its share of Russian non-G7 oil exports at 80%.

Despite Western sanctions, Sovcomflot retains a significant share of Russia's non-G7 crude oil exports, exceeding 80% in August. New U.S. sanctions increase pressure to reduce Russian revenues.
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Ukraine stops Russian gas transit, but to what effect?

The announcement that Russian gas transit via Ukraine will cease in a few months' time is changing the energy dynamic in Europe and redefining supply and diversification strategies. This article analyzes the economic, geopolitical and logistical consequences for the various players involved.
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Norway challenges climate injunction blocking three oil fields

Norway is requesting the lifting of injunctions on three oil fields, arguing that the economic impacts outweigh the environmental benefits claimed.
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United Kingdom: Eni and HitecVision secure Green Volt floating wind project

The Flotation Energy-Vaargroenn joint venture, including Eni and HitecVision, wins a contract for the Green Volt project, a floating wind farm supported by the UK auction.
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Eni and Snam launch CO2 capture and storage in the Adriatic Sea

Eni and Snam are implementing a carbon capture and storage (CCS) project in the Adriatic Sea to reduce industrial CO2 emissions in Italy.
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Gasgrid Finland: 50% of LNG capacity reserved for 2025 at Inkoo terminal

Half of the available slots at the Inkoo LNG terminal in Finland are booked for 2025, indicating strong demand and an evolving regional gas market.
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Premium energy basins seek to reduce emissions

According to Rystad Energy, demand for hydrocarbons will remain high. Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
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LNG market under pressure as uncertain winter approaches

Despite high European inventories, the global LNG market remains exposed to supply risks and growing demand from Asia and Latin America, fuelling tensions ahead of winter.

Kurdish production complicates Baghdad’s gas ambitions

Iraqi Kurdistan continues to increase its oil production despite restrictions from Baghdad, which is trying to comply with OPEC+ quotas and attract US gas investment to diversify its energy sources.

UK stops defending North Sea oil licenses

The UK is dropping its defense of the Rosebank and Jackdaw oil licenses in the North Sea, while maintaining its existing permits. This decision reflects a strategic shift against a backdrop of energy transition.
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Namibia: ReconAfrica signs strategic agreement with BW Energy

ReconAfrica is moving ahead with exploration of the PEL 73 block in northeast Namibia, with a new agreement to sell a 20% interest to BW Energy for USD 22 million and a drilling program underway.

Asian LNG prices outperform US prices amid uncertainty

Liquefied natural gas (LNG) prices in Asia continue to climb relative to the US, buoyed by geopolitical tensions and global supply disruptions, reflecting an energy market under pressure.

Norway and South Korea: Cooperation on Modular Reactors at Mongstad

Norsk Kjernekraft and DL Group start a study for modular nuclear reactors in Mongstad, to meet Norway's energy needs and emissions reduction targets.
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Equinor to contribute USD 12.6 billion to the Norwegian economy in 2023

By 2023, Equinor is investing USD 12.6 billion in contracts with Norwegian suppliers, strengthening the local economy, according to Kunnskapsparken Bodø.

Norway could break its natural gas export record in 2024

Norway, Europe's main gas supplier, is on track to exceed its 2017 record, with exports up 10% in the first half of 2024.
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