More than 70 per cent of operational and upcoming carbon capture facilities globally were associated with energy assets as of June 2026, highlighting the continued role of oil and gas companies in carbon capture, utilisation and storage (CCUS), according to GlobalData.
Mammoet has become the first company in the heavy lifting and transport industry to achieve ISO 19443 certification, strengthening its position in the nuclear power sector as demand grows for next-generation reactor projects.
Global energy leaders will gather in Bangkok from September 14-17, for Gastech 2026, as Asia takes centre stage in efforts to meet rising energy demand while maintaining security, affordability and sustainability.
Spirit Energy has completed a £40 million ($54 million) decommissioning campaign in UK waters, plugging and abandoning three subsea wells while removing more than 234 tonnes of infrastructure. The company said 100 per cent of recovered materials will be reused or recycled at UK yards.
Quaise Energy has secured $180 million in Series B equity financing, bringing total funding to $280 million, including a $35 million investment from Nabors Industries to advance superhot geothermal energy development.
Europe is entering an offshore wind “supremacy phase” as governments move from ambitious targets to project delivery, securing multi-gigawatt development pipelines through redesigned auctions, stronger revenue protections and faster permitting, according to GlobalData.
The US and Venezuela have reached a major oil agreement granting Washington access to more than 65 billion barrels of reserves, with President Donald Trump calling it the “biggest oil deal in world history.” Venezuela says the agreement could attract more than $100 billion in investment.
TotalEnergies has completed the transfer of its 10 per cent interest in Arctic LNG 2 to NordLine, a subsidiary of Novatek, following an announcement made alongside its second-quarter 2026 results.
Eni has signed an agreement with MIWEN, a wholly owned subsidiary of YPF, and Uruguay’s national oil company ANCAP to enter the OFF-5 offshore exploration block, following regulatory approval from Uruguayan authorities. Eni will operate the block with a 50 per cent interest.
Middle East Energy 2026 has highlighted a major transformation in the region’s power sector, with Rystad Energy forecasting MENA electricity demand will more than double and installed capacity quadruple by 2050, ahead of the event’s 50th edition in Dubai.
