WebWire | News by Industry : Oil / Energy

Enel launches a share buyback program serving its long-term incentive plan 2026

Fri, 31 Jul 2026 08:47:18 EDT

The program provides for the purchase of 2.6 million treasury shares, equivalent to approximately 0.0256% of the total number of shares into which Enel's share capital is currently divided. - - Enel S.p.A. (“Enel” or the “Company”) announces that the Board of Directors of the Company, implementing the authorization granted by the Shareholders' Meeting of May 12 th, 2026 and in compliance with the relevant terms already disclosed to the market, has approved today the launch of a share buyb...

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The Energy Gap No One Talks About — And How NovaChargeX Is Addressing It

Thu, 30 Jul 2026 12:24:42 EDT

Why the World Needs Continuous Clean Energy — and How NovaChargeX Is Shaping the Future of Power Stability - - As the global transition toward renewable energy accelerates, one major challenge continues to affect reliability: intermittency. Solar power depends on sunlight, wind energy depends on weather, and battery storage alone cannot fully satisfy the growing demand for continuous electricity. As nations expand electrification, artificial intelligence infrastructure, advanced manufacturi...

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bp starts up Atlantis Major Facility Expansion project in Gulf of America

Thu, 30 Jul 2026 07:40:53 EDT

bp has started up its Atlantis Major Facility Expansion project in the US Gulf of America. - - Atlantis is located about 150 miles south of New Orleans and has been in production for nearly 20 years. The expansion project adds two new subsea water injection wells to help increase the pressure of targeted reservoirs, unlocking additional barrels and extending the producing life of one of bp's flagship US offshore assets. - - “Atlantis has been one of the anchors of our Gulf business for nearl...

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Eni: results for the second quarter and half year 2026 - Excellent 2Q performance and enhanced guidance; increased shareholder returns

Thu, 30 Jul 2026 07:28:56 EDT

- - • 2Q '26 excellent results driven by consistent execution and delivery from a diversified portfolio of advantaged assets. - - • Exceptional underlying production growth of 11% y-o-y, net of price effects. - - • Established Searah JV with Petronas creating a major growth platform across Indonesia and Malaysia. - - • FID for Phase 3 of the Baleine field off Cote d'Ivoire, the Greater PAJ project offshore Angola and the Cronos gas project in deep waters off Cyprus. - - • Entered critical...

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Aecon partnership executes agreement for the Simcoe Battery Energy Storage System Project in Ontario

Wed, 29 Jul 2026 10:29:24 EDT

Aecon Group Inc. (TSX: ARE) (“Aecon”) announced that Simcoe Battery Project General Partnership Inc., in which Aecon Concessions is an equity partner, has executed an Energy Storage Facility Agreement with Ontario's Independent Electricity System Operator (“IESO”) to build, own and operate the 150 MW / 1,200 MWh Simcoe Battery Energy Storage System Project (“Simcoe Battery Project”) in Norfolk County, Ontario. - - Aecon Concessions, Six Nations of the Grand River Development Corporation (“S...

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EIB contributes over €260 million to Poland's second-largest onshore wind farm

Wed, 29 Jul 2026 10:14:01 EDT

- - • EIB backs construction of 190 MW wind farm in western Poland, able to power some 200,000 households. - • Power utility TAURON plans to put the wind farm into operation in 2027. - • New financing highlights EIB's prominent role advancing Poland's energy transition, contributing to Europe's climate goals and economic competitiveness. - - - The European Investment Bank (EIB) has signed today new financing worth over €260 million (PLN 1.12 billion) to power utility TAURON for the c...

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ACCIONA Energ�a opens one of Spain's largest public electric vehicle charging stations in Badajoz

Tue, 28 Jul 2026 13:10:27 EDT

- - • The site features 42 charging bays and 2,000kW of contracted power, ensuring high charging capacity even during periods of peak demand. - - - - ACCIONA Energ�a and Castellana Properties have opened a new public electric vehicle charging station at El Faro shopping centre in Badajoz, one of the largest publicly accessible charging facilities in Spain. The site features 42 charging bays and 2,000kW of contracted power, ensuring high charging capacity even during periods of peak deman...

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DHL Express secures SAF supply from Moeve at Madrid Airport

Tue, 28 Jul 2026 13:06:13 EDT

- - • Signs agreement to purchase approximately 6,000 metric tons of sustainable aviation fuel (SAF) from Moeve, covering around 50% of DHL Express' annual fuel consumption at Adolfo Su�rez Madrid-Barajas Airport (MAD) - • One-year agreement running from July 2026 to June 2027 supports DHL's ambition to increase the use of sustainable aviation fuels - - - DHL Express, the world's leading international express logistics provider, and Moeve announced the signing of a sustainable aviation fue...

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W�rtsil� Corporation - Manager's transaction: Lindberg, Anders

Tue, 28 Jul 2026 08:42:35 EDT

Person subject to the notification requirement - - Name: Anders Lindberg - - Position: Other senior manager - - Issuer: W�rtsil� Corporation - - LEI: 743700G7A9J1PHM3X223 - - Notification type: INITIAL NOTIFICATION - - Reference number: 167648/6/8 - - ___ - - Transaction date: 2026-07-27 - - Venue: XNOR - - Instrument type: SHARE - - ISIN: FI0009003727 - - Nature of transaction: ACQUISITION - - Transaction details - - (1): Volume: 1000 Unit price: 30.4 EUR - - Aggregated transactions (1): - - Volume: 1000...

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Leading businesses call on states to tackle energy affordability with clean solutions

Fri, 24 Jul 2026 09:24:44 EDT

More than two dozen major companies and business advocacy organizations today called on states to enact bipartisan policies to address energy affordability. - - In an open letter to state policymakers, 25 businesses expressed support for commonsense policies to optimize the power grid, accelerate interconnection of clean energy resources, and expand energy efficiency and demand flexibility programs. - - The letter was signed by AO Smith, CommonSpirit, dsm-firmenich, Grove Collaborati...

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Enilive signs agreement to acquire OIL!'s fuel service stations in Europe from Prax

Thu, 23 Jul 2026 09:51:58 EDT

Enilive, through its subsidiary Enilive Deutschland GmbH, and Prax Limited have signed a binding agreement regarding the acquisition of 100% of OIL! Tankstellen GmbH (“OIL!”), a company operating in the mobility retail business in Germany, Denmark, Austria and Switzerland. Completion of the transaction is subject to customary regulatory approvals by the relevant authorities. - - As a result of this acquisition, Enilive will expand its network with approximately 320 service stations further...

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United Arab Emirates: TotalEnergies Announces Final Investment Decision for the Umm Shaif Gas Cap Development

Wed, 22 Jul 2026 09:07:40 EDT

TotalEnergies announces the Final Investment Decision (FID) for the Umm Shaif Gas Cap development in the Umm Shaif and Nasr offshore concession, in which the Company holds a 20% interest alongside ADNOC (60%), CNPC (10%) and ENI (10%), with ADNOC Offshore as operator. - - Umm Shaif is Abu Dhabi's oldest offshore field, producing since 1962. The project will unlock by 2030 more than 600 million cubic feet per day of gas production while maximizing condensate recovery, through the development...

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Hawaiian Electric orders GE Vernova aeroderivative packages to help Hawaii's power remain stable and uninterrupted

Tue, 21 Jul 2026 08:51:04 EDT

- - • Six of GE Vernova's LM6000VELOX aeroderivative gas turbine packages ordered to modernize Waiau Power Plant in O'ahu, Hawaii. - • Multi-phase project to replace aging steam turbines, advancing the state's emissions reduction goal - • High-efficiency, fuel-flexible technology to be deployed within the existing plant footprint, reducing community impact while enhancing grid stability. - - - GE Vernova Inc. (NYSE: GEV) announced it has secured a contract with Hawaiian Electric (HE...

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Barclays supports the development of commercial fusion power in the UK

Tue, 21 Jul 2026 08:48:15 EDT

Barclays today announces it is supporting the UK Infinity Fusion Consortium, a private sector-led collaboration established to advance the development of a commercial fusion power plant project in the UK. - - Barclays provides the global fusion market with its expertise in energy, infrastructure, project finance, capital markets and commercial frameworks, and will bring that experience to this consortium. Fusion is a complementary technology alongside nuclear fission, including gigawatt-sca...

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Hydrogen Pitstop offers hands-on hydrogen experiences for the whole family during Rally Week in Jyv�skyl�

Tue, 21 Jul 2026 07:38:00 EDT

Central Finland Mobility Foundation (Cefmof) will organise the Hydrogen Pitstop public event at Satamapuisto in Lutakko, Jyv�skyl�, from 30 July to 1 August 2026 during Rally Week. Free and open to everyone, the event offers visitors the opportunity to enjoy food prepared using hydrogen, drive hydrogen-powered RC cars, view the world's first hydrogen-powered sauna, and learn how hydrogen is produced, stored and used in everyday applications. This year, hydrogen will also be produced on...

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OW Extreme Challenge 2026: Six swimmers complete the first-ever open-water challenge from an offshore wind farm to the Portuguese coast

Tue, 21 Jul 2026 06:14:02 EDT

� Ocean Winds hosted the “OW Extreme Challenge 2026”, an unprecedented 20-kilometre open-water swim from the WindFloat Atlantic offshore wind farm to the mainland in Viana do Castelo. - - � The challenge brought together the President of the Portuguese Swimming Federation and five more elite open-water swimmers, who successfully completed the crossing. - - Ocean Winds (OW) —a 50-50 joint venture between EDP Renewables and ENGIE and the developer, owner, and operator of the 25 MW WindFloat At...

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Moeve Chemicals achieves full global verification for production of Low Carbon solutions

Tue, 21 Jul 2026 04:11:37 EDT

- - • With the verification of its Brazil and Shanghai facilities, all Moeve Chemicals production plants are now enabled to manufacture and supply Low Carbon solutions - - - - - • This achievement enables Moeve to provide its customers worldwide with a verified and traceable pathway to reduce product carbon footprints - - - Moeve Chemicals has completed the verification of its global manufacturing network for the production of Low Carbon products. Following the latest verification mile...

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European Commission Sets 46% Electrification Target Alongside Carbon Market Reform

Mon, 20 Jul 2026 14:05:15 EDT

The European Commission released its Electrification Action Plan alongside a revision of the EU Emissions Trading Scheme (EU ETS), pairing the two initiatives to strengthen Europe's competitiveness, energy security and industrial decarbonization. - - The Plan sets an indicative target for electricity's share of final energy consumption to reach 46% by 2040 — double today's share. The ETS review would reshape the post-2030 carbon market and direct significantly more revenues towards invest...

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bp Agrees Sale of Austrian Mobility & Convenience and EV Charging Businesses to Volenergy AG

Mon, 20 Jul 2026 10:22:08 EDT

bp has reached an agreement to sell its mobility, convenience and electric vehicle (EV) charging businesses in Austria to volenergy AG. - - This transaction supports bp's plan to become a simpler, stronger and more valuable company, and reflects its continued focus on disciplined capital allocation. - - Richard Harding, interim EVP Downstream at bp, said: “By concentrating our capital on the assets and markets where bp can be most competitive and best serve customers, we are strengthening...

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GE Vernova expands Advanced Research Center to accelerate the future of energy innovation

Fri, 17 Jul 2026 11:25:38 EDT

- - • Expanded facility will help accelerate energy innovation and next-generation technology development - • New research space is expected to support 75 additional jobs and strengthen the Capital Region's innovation ecosystem - - - GE Vernova Inc. (NYSE: GEV) hosted the grand opening of its expanded Advanced Research Center Frontier Campus in Niskayuna, New York, marking an important milestone in the company's long-term strategy to advance energy innovation and develop technologies...

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Access to Renewable Energy Critical to Keep Mobile Industry on Track for Net Zero, New Gsma Report Finds

Thu, 16 Jul 2026 10:00:29 EDT

Mobile network operators worldwide are making significant progress in reducing carbon emissions, but greater access to renewable energy – particularly in emerging markets – will be essential if the industry is to meet its climate targets and remain on track to achieve net zero by 2050, according to the GSMA's new Mobile Net Zero 2026: State of the Industry on Climate Action report. - - The report, which analyses energy and emissions data from more than 110 mobile operators representing...

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W�rtsil�'s long-term maintenance agreement ensures optimisation and operational efficiency for U.S. power plant

Tue, 14 Jul 2026 11:38:16 EDT

Technology group W�rtsil� has signed a ten-year optimised maintenance agreement with Midwest Energy, a customer-owned cooperative, located in Hays, Kansas, United States. The agreement covers the 104 MW Goodman Energy Center, located in Ellis County, operating with natural-gas fuelled W�rtsil� 34SG engines. The plant primarily serves as a flexible balancing power plant, responding to fluctuations in load and non-dispatchable generation, to support the regional power grid. The agreement ord...

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Eni and BMW Group: an agreement for Enilive HVO diesel biofuel to power corporate fleets

Tue, 14 Jul 2026 09:14:09 EDT

Eni and BMW Group announce an agreement to power the BMW vehicles of corporate fleets in Italy with HVOlution (Hydrotreated Vegetable Oil), a diesel biofuel that is produced from 100% renewable feedstocks by Enilive. - - Enilive is Eni's company dedicated to products and services for a more sustainable mobility. - - With an approach that aims to support a successful energy transition through the usage of all available technologies, the BMW Group considers 100% pure HVO as an important soluti...

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Ocean Winds reaches full power from its first floating offshore wind project in France

Tue, 14 Jul 2026 06:09:40 EDT

� Ocean Winds' EFGL floating wind farm (30 MW) has reached full power, marking the start of full operations for OW's second floating wind project globally, and its second project in France after Yeu-Noirmoutier bottom-fixed wind farm (EMYN – 500 MW). - - � This milestone represents another significant step forward for the global floating offshore wind industry, highlighting the ability of this technology to bring together high-capacity clean energy with regional collaboration, local supp...

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Moeve and Exolum reach financial close on the Muelle Sur in Huelva, a strategic logistics and maritime transport hub supporting Europe's energy transition

Tue, 14 Jul 2026 06:07:06 EDT

- - • The project, which is already more than 50% complete, includes a berth at the Port of Huelva's Outer Harbour that will modernize the logistics infrastructure of Moeve's La R�bida Energy Park and Exolum's nearby facilities - • BBVA and Kutxabank will provide 105 million euros under a project finance structure, supporting this key project to advance the energy transition and strengthen Europe's strategic autonomy - • The new terminal being developed by Moeve and Exolum will facilitate th...

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I Squared Capital to Acquire Milestone Environmental, a Leading Independent Energy Waste Management Platform from SK Capital

Mon, 13 Jul 2026 03:53:26 EDT

I Squared Capital (“I Squared”), a leading independent global infrastructure investor, announced that through its flagship fund, it has entered into a definitive agreement to acquire Milestone Environmental (“Milestone” or the “Company”), a leading independent environmental infrastructure company providing waste management solutions across the energy and industrial sectors. Milestone is being acquired from SK Capital Partners. - - Headquartered in Houston, Texas, Milestone owns and operat...

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Michelin and Axens enter exclusive talks to accelerate deployment of a key bio-based molecule for green chemistry, developed with IFP Energies Nouvelles

Fri, 10 Jul 2026 15:21:02 EDT

- - • Michelin, through its ResiCare brand, and Axens are negotiating an exclusive partnership to accelerate the industrialization and rollout of 5-HMF, a strategic bio-based molecule for decarbonized chemistry, developed with IFPEN - • Axens would contribute its licensing and engineering expertise to deploy the technology globally and substitute fossil-based products with renewable alternatives - • Capacity available from early 2027, with the commissioning of a first 5-HMF productio...

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Enel agrees on 1 billion euro multiborrower and multicurrency financing with Euler Hermes, Citi and HSBC

Fri, 10 Jul 2026 09:48:56 EDT

The Enel Group (“Enel” or “the Group”) signed an agreement aimed at granting a multi-borrower and multi-currency financing from Citi (as sole Global Coordinator, Joint Mandated Lead Arranger and Agent bank), HSBC (as Sustainability Bank and Joint MLA) and Germany's Export Credit Agency (ECA) Euler Hermes (EH) as guarantor, for up to 1 billion euros. - - The agreement is based on the Group's global business relationship with German suppliers and is aimed at meeting the financial needs linked...

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Mexico: TotalEnergies Ships to Asia the Very First Cargo Produced by the ECA LNG Plant

Fri, 10 Jul 2026 09:43:16 EDT

- - • ECA LNG is the first LNG export terminal on Mexico's Pacific Coast - • TotalEnergies holds a 16.6% stake in ECA LNG, which liquefies U.S. natural gas - • TotalEnergies will export 1.7 Mtpa of LNG, notably to Asia - • TotalEnergies will be the sole offtaker of LNG during the ramp-up phase - - - TotalEnergies has shipped to Asia the very first cargo from ECA LNG Phase 1, a liquefied natural gas (LNG) export terminal currently under commissioning on Mexico's Pacific Coast, in Baja...

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Renewables: TotalEnergies Divests its Distributed Solar Generation Activities in Europe

Thu, 9 Jul 2026 10:13:13 EDT

In line with its strategy to refocus its renewable development on large utility-scale solar and wind farms in order to benefit from economies of scale, TotalEnergies announces that it has completed the divestment of all its distributed solar assets (around 170 MW), mainly rooftop installations, across 7 European countries (France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg) to Amarenco and AMPYR Distributed Energy. The Company has thus ended its distribute...

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GE Vernova to announce second quarter 2026 financial results on July 22

Wed, 8 Jul 2026 11:12:09 EDT

GE Vernova Inc. (NYSE: GEV) is scheduled to release its second quarter 2026 financial results on Wednesday, July 22, 2026, before market open. GE Vernova CEO Scott Strazik and CFO Ken Parks will discuss the company's financial results in a webcast at 7:30 AM ET, which can be accessed at https://www.gevernova.com/investors/events. - - The earnings press release and supplementary financial information, including reconciliations of non-GAAP financial measures, will also be posted at the same l...

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ADNOC, XRG and Mitsui to Advance New Opportunities Across the Energy Value Chain

Wed, 8 Jul 2026 11:09:21 EDT

Strategic Collaboration Agreement signed during Dr. Sultan Al Jaber's visit to Japan, strengthening ADNOC and XRG's long-standing relationship with Mitsui - - Collaboration to drive value creation opportunities across LNG, crude oil, sulfur, shipping, chemicals and international energy investments - - Agreement reinforces ADNOC's role as a reliable energy provider to Japan and Asian markets - - ADNOC and XRG have signed a Strategic Collaboration Agreement (SCA) with Mitsui & Co., Ltd. (Mits...

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Aviva and AXIS launch new Lloyd's consortium to power UK renewable energy growth

Wed, 8 Jul 2026 10:45:31 EDT

Aviva and AXIS today announced a new Lloyd's consortium to support new renewable energy projects, helping enable progress towards the UK's 2030 net zero ambitions. - - The partnership brings together two of the London Market's leading renewable energy insurers, combining underwriting expertise and capacity across onshore wind, solar and battery energy storage systems into a single, coordinated solution. It is also the first Lloyd's consortium specifically focused on UK onshore renewable e...

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Mitsubishi Electric to Transfer Part of its Shareholding in Mitsubishi Electric FA Industrial Products to Konecranes

Tue, 7 Jul 2026 13:15:13 EDT

Mitsubishi Electric Corporation (TOKYO: 6503) announced that it reached an agreement to transfer a portion of its shares in its wholly owned, Fukuoka-based subsidiary, Mitsubishi Electric FA Industrial Products Corporation, to Konecranes Oyj, a company based in Finland. The transaction is expected to be completed within the current fiscal year ending in March 2027, pending necessary regulatory approvals. Following the transfer, Mitsubishi Electric FA Industrial Products will become a Kon...

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ADNOC Signs 15-Year Sales and Purchase Agreement with INPEX for Ruwais LNG Project

Tue, 7 Jul 2026 10:25:19 EDT

Long-term agreement for delivery of 1 mtpa of LNG reinforces UAE-Japan energy cooperation and supports Japan's long-term energy security - - SPA marks the first long-term LNG agreement announced following the launch of ADNOC and XRG's integrated global LNG marketing and trading platform - - Agreement brings long-term commitments for Ruwais LNG to more than 90% of the project's 9.6 mtpa capacity, with nearly 23% committed to Japanese customers - - ADNOC announced today the signing of a 15-y...

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Blackstone Energy Transition Partners Announces Agreement to Acquire Dresser Utility Solutions from First Reserve

Mon, 6 Jul 2026 10:08:39 EDT

Blackstone (NYSE: BX) today announced that funds managed by Blackstone Energy Transition Partners (“Blackstone”) have entered into a definitive agreement to acquire Dresser Utility Solutions (“Dresser”), a premier provider of mission-critical natural gas and water measurement, control and infrastructure equipment solutions, from First Reserve. This represents the first investment of the most recent vintage of Blackstone's private equity energy transition vehicle. - - Founded in 1880 and hea...

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Intertek awards first batch of EU Battery Regulation NB compliance certificates for energy storage systems

Mon, 6 Jul 2026 10:06:13 EDT

Intertek, a leading Total Quality Assurance provider to industries worldwide, has awarded its first batch of Notified Body (NB) compliance certificates under the new EU Battery Regulation (EU) 2023/1542 to Chinese manufacturers RelyEZ Energy and StarCharge. - - With the enforcement of Battery Regulation, the European Union has set a new benchmark for the industry, introducing carbon-footprint requirements, enhanced waste-management rules, and supply-chain due diligence obligations. - - Inter...

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bp exits Bay du Nord interest as part of continued portfolio simplification

Mon, 6 Jul 2026 09:52:48 EDT

bp today has agreed to sell its non-operated interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada, to Equinor. - - The transaction is consistent with bp's continued focus on portfolio simplification and disciplined capital allocation. - - Gordon Birrell, executive vice president, Upstream, said: “We're proud of our partnership with Equinor and the work we've done together to develop the Bay du Nord project. However, bp is exercising strict capital discipline, alloca...

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ADNOC Launches Global LNG Marketing and Trading Platform

Mon, 6 Jul 2026 09:50:40 EDT

Brings together LNG marketing activities of ADNOC Gas and XRG with ADNOC Trading into one integrated commercial platform - - World-class platform creates one of the leading global LNG players, targeting 47 mtpa of combined marketable LNG by 2035 - - Broadens customer access to ADNOC and XRG's diverse LNG portfolio across supply, trading and shipping - - ADNOC today launched a global liquefied natural gas (LNG) marketing and trading platform in Abu Dhabi Global Market (ADGM), combining the m...

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ACCIONA Energ�a completes the sale of 64 MW hydro portfolio to White Summit Capital

Fri, 3 Jul 2026 11:49:07 EDT

ACCIONA Energ�a has today closed the sale of 64MW of hydro assets in northern Spain to White Summit Capital, an infrastructure manager specializing in the energy transition. The value of the transaction amounts to €66 million. - - The 64MW portfolio comprises 17 small hydroelectric plants in Navarra and one in La Rioja with capacities ranging from 1MW to 6.2MW and long-term concession agreements. - - The sale represents a further step forward in ACCIONA Energ�a's selective asset rotation str...

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Schneider Electric recognized by the World Economic Forum with new Global Lighthouse designations for El Paso and Beijing plants

Fri, 3 Jul 2026 11:09:00 EDT

Schneider Electric, a global energy technology leader, has been recognized by the World Economic Forum (WEF) with two new Global Lighthouse Network designations for its El Paso (U.S.) and Beijing (China) manufacturing sites. - - The Global Lighthouse Network is a World Economic Forum initiative recognizing best-in-class operational sites and value chains that have achieved exceptional performance in productivity, supply chain resilience, customer centricity, sustainability, and talent....

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ConocoPhillips Contributes $1 Million for Earthquake Relief in Venezuela

Thu, 2 Jul 2026 10:30:42 EDT

ConocoPhillips announced today a $1 million contribution to support humanitarian relief efforts for communities affected by the earthquakes that struck Venezuela on June 24. The company will also double match eligible employee donations toward the response. - - The contribution will help local relief organizations provide food, water, shelter, medical care and other essential assistance to those impacted by the earthquakes. ConocoPhillips is proud of its history of operations in Venezuela f...

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Malaysia: TotalEnergies Divests its Minority Non-Operated Interest in Marjoram Gas Field

Thu, 2 Jul 2026 10:17:33 EDT

TotalEnergies announces the divestment to INPEX of its 85% interest in Block 2E offshore Malaysia, representing a net interest of 8.5% in the Marjoram gas field currently under development, for a consideration of USD 350 million. - - Through this transaction, TotalEnergies crystallizes the full value of this minority interest in a non-operated gas project, to focus on its operated portfolio and strategic growth opportunities in Malaysia. - - “This agreement is fully aligned with our strategy...

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ACCIONA Energ�a to build new solar farm in Kentucky

Thu, 2 Jul 2026 09:56:22 EDT

ACCIONA Energ�a will begin site mobilization for Fleming Solar Farm (235MWp) in Kentucky (United States) in the coming weeks, a key step toward bringing the project online in May 2028. - - Located in Fleming County, the new solar farm will become ACCIONA Energ�a's fifth photovoltaic plant and its 18th renewable energy asset overall in the United States. The company currently has 3GW of installed renewable energy capacity in the country, including photovoltaic, solar-thermal, wind, and energ...

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Shell completes sale of Jiffy Lube International and Premium Velocity Auto to Monomoy Capital Partners

Thu, 2 Jul 2026 09:40:37 EDT

Pennzoil Quaker State Company DBA SOPUS Products, a wholly owned subsidiary of Shell USA, Inc., that comprises Shell's United States (“U.S.”) lubricants business, has completed the previously announced sale of Jiffy Lube International (JLI) and its subsidiary Premium Velocity Auto (PVA) LLC business to an affiliate of Monomoy Capital Partners (Monomoy) for $1.3 billion. - - The sale includes the Jiffy Lube brand and a network of franchised stores which are owned and operated by independent...

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UKAEA and Eni launch RH3OVA to expedite fusion energy industrialisation

Thu, 2 Jul 2026 09:33:38 EDT

Oxford, United Kingdom, and San Donato Milanese (Milan) – July 2, 2026 - The United Kingdom Atomic Energy Authority (UKAEA) and, Eni, have formed a joint venture to offer capabilities to the fusion energy sector. - - Named RH3OVA [pronounced: Reeova], and incorporated in the UK the joint venture combines the technical and industrial expertise of both partners to deliver specialist consultancy and operational services to the growing global fusion industry. - - Fuel cycle technologies repr...

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Shell to sell interest in Gulf of America platform

Wed, 1 Jul 2026 10:05:21 EDT

Shell Offshore Inc., a subsidiary of Shell plc, has agreed to sell its 50% non-operated working interest in the Na Kika platform and associated fields in the Gulf of America as well as its 100% owned Coulomb tieback. The assets will be acquired by subsidiaries of Talos Energy and Ridgewood Energy for a total consideration of $1.7 billion, subject to customary adjustments and certain contingent payments. - - “The Gulf of America is one of our highest-value basins, and we are actively shaping...

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bp announces leadership appointments 2026

Wed, 1 Jul 2026 10:01:19 EDT

Sam Skerry has almost 30 years' experience at bp, having spent most of her career leading businesses in trading across oil, natural gas and derivatives. Most recently she held the role of SVP Mergers & Acquisitions and Business Development, working to simplify bp's portfolio with a focus on strengthening the balance sheet, reducing costs and profitable growth across the business. - - Sonya Adams has more than 25 years' experience with bp and has held a broad range of senior leadership roles...

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