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.
France will showcase its energy technologies at Middle East Energy 2026, taking place from September 1 to 3 at Dubai World Trade Centre, with 13 French companies exhibiting under a dedicated Business France Pavilion.
Sarens, a provider of heavy lifting, engineered transport and crane rental services, is supporting Rayong Ruamlek Company with the mechanical dismantling of the former PTT Asahi petrochemical plant in Map Ta Phut, Rayong, Thailand.
Applus+ Indonesia has supported Merak Chemical Indonesia (MCCI) in an advanced inspection project to assess the condition of critical operational piping systems at its chemical manufacturing facility in Merak, Banten.
Burckhardt Compression has secured two orders to supply six process gas compressor packages and related services for Petrobras’ Boaventura Energy Complex in Brazil, strengthening its presence in South America’s growing energy market.
The Government of Sri Lanka, through the Petroleum Development Authority of Sri Lanka (PDASL), has officially opened the Sri Lanka Licensing Round 2026 (SL2026-01), offering four offshore exploration blocks in the Mannar Basin to qualified international energy companies.
