Unlike crude oil, which can be transferred between vessels relatively quickly, LNG must be kept at minus 162 degrees Celsius to remain liquid. The transfer requires specialist cryogenic equipment, fenders, tugboats and trained personnel on both ships.

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Vestas announced the following orders as part of our Q3 order intake:

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Kuwait Petroleum Corp is looking to buy more ships and improve its supply chains, a company executive said on Tuesday.

“In KPC, we have our own fleet, which we are managing … We are in the market to acquire more ships,” the state-owned energy major’s managing director for international marketing, Shaikh Khaled Al-Sabah told the APPEC conference.

KPC is also looking at options such as pipelines through neighbouring countries and building storage to supply its crude and products to customers amid the U.S.-Iran war, he said. KPC has three refining sites with a total capacity of 1.4 million bpd. It restarted all three crude units at its Al-Zour refining site recently following a power trip in mid-July.

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New NCS map 2026

The map shows fields, transport systems and exploration and exploitation licences for CO2. The Map of the NCS also provides an overview of all production licences on the NCS, and which companies are operators.

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The Argentine government reportedly announced that it will file a criminal complaint against several subsidiaries of the Israeli oil company Navitas for operating without authorisation in the Malvinas (Falkland Islands), which are administered by the United Kingdom but whose sovereignty is claimed by Argentina.

According to the Argentine presidency, the complaint will target Navitas Petroleum Development & Production Ltd, Navitas Petroleum Atlantic United, Navitas Petroleum LP, JHI Associates Inc and Eco Atlantic Oil & Gas Ltd, as well as their executives and representatives.

Argentina maintains that these companies “allegedly hold licences granted by the illegitimate government of the United Kingdom” to explore and exploit hydrocarbons in the North Malvinas Basin, in violation of Argentine law.

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Iran has reportedly issued a fresh threat to the US over its newly upgraded ballistic missile, with officials warning that the nation “will take action against any threat, even before it is carried out.”

The report by Iran’s state news agency on Monday highlighted comments broadcast on state television the previous day by the head of Iran’s Supreme National Security Council, Mohsen Rezaei.

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Houthi rebels have reportedly launched attacks across Saudi Arabia, injuring more than 70 people and bringing some power plants to a standstill. The rebel group launched Tuesday’s attacks hours after blaming Saudi Arabia for an air strike that hit a prison in Yemen’s northern province of Jawf, which they said killed seven people, including a child visiting the site and wounded seven others.

At least 73 people, including women and children, were wounded, said Maj Gen Turki Al-Maliki, spokesman for the Saudi-led Coalition Forces.

He described the attacks as “senseless” and accused Yemen’s Iran-backed rebels of targeting “civilian and economic sites” in the cities of Abha, Khamis Mushait, Jazan and Najran.

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Arctic LNG 2 is seeking about $1 billion in damages from South Korean shipbuilder Hanwha Ocean over cancelled tanker construction contracts, according to a disclosure by Hanwha.

Arctic LNG 2, which is 60% owned by Novatek, was expected to become one of Russia’s largest LNG plants, with planned output of 19.8 million metric tons a year. But U.S. sanctions imposed over Russia’s actions in Ukraine have complicated its prospects.

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Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases

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With a combined installed capacity of approximately 19 MW, the plants are expected to generate around 30 GWh of electricity annually.

From a technological perspective, the projects feature around 32,000 high-efficiency bifacial photovoltaic modules installed on structures equipped with single-axis solar tracking systems, enabling optimized energy production throughout the day.

The plants have been developed on sites previously used for extraction activities and subsequently remediated and redeveloped. The projects have transformed these areas into renewable energy generation hubs, contributing to the enhancement and revitalization of the local territory.

The start of production represents a significant milestone in GreenIT’s industrial growth in the solar sector and confirms the steady progress of the company’s development pipeline, which includes more than 300 MW of solar projects at an advanced stage of development. In addition, new plants currently under construction in Campania and Piedmont, with a combined capacity of approximately 30 MW, are expected to enter into operation between the end of 2026 and the first months of 2027.

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The seven participating countries decided to maintain September 2026 required production for October 2026 as detailed in the table below.

The seven countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation.

The seven OPEC+ countries will continue to hold monthly meetings to review market conditions. The next meeting will be held on 4 October 2026.

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Ukrainian long-range drones targeted three oil refineries across Russia, President Volodymyr Zelensky said on Sept. 7. “Our soldiers continue to respond fairly to Russian strikes on Ukraine. An oil refinery was hit in the Ryazan region. Our long-range force was used against oil refineries in the Perm region and Tatarstan,” Zelensky said in a post on social media.

Ukrainian drones also struck a launch and storage site for strike drones in Russia’s Kursk Oblast and “a target” in the Black Sea, he added without providing further details, though he did attach a video of highlights.

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During the 2026 Formula 1 Italian Grand Prix, Eni and PETRONAS have signed a Feasibility Agreement (FA) to evaluate the development of innovative high-performance bio-gasoline starting from the established Ecofining technology process, through which Eni has been producing HVO biofuels from renewable raw materials since 2014. The aim of the agreement is to assess the technical, market, and sustainability profiles, as well as the performance levels of new bio-gasolines from renewable raw materials, that can be used in motorsport competitions and subsequently applied to the development of commercial products.

This new agreement strengthens the collaboration between the two companies in the field of biofuels, in which both companies already have many years of technological and industrial experience, supporting the progressive decarbonization of the transport sector.

The study will enable both companies to combine their distinctive expertise. On one side, Eni will contribute its consolidated experience in sustainable energy solutions and in the production, at Enilive biorefineries, of commercially available biofuels from renewable feedstocks – including HVO diesel and SAF-biojet – as well as the development of innovative bio-gasoline. Meanwhile, PETRONAS will contribute its proven expertise in fuel technology, from fossil-based fuels to high-performance sustainable fuels for combustion engines, together with its experience in sustainable energy solutions and advanced product development.

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The strategic Study “Sustainable biofuels as a strategic lever for industrial competitiveness, energy security and decarbonization”, produced by TEHA Group together with Eni, was presented today at the Cernobbio Forum organised by TEHA.

Since the Green Deal was conceived, the global energy scenario has changed radically: the crises of recent years have shown that dependencies on technologies, raw materials and production capacity can have systemic impacts, potentially dangerous for Europe’s energy security. This is the starting point of the Study, which identifies biofuels from renewable feedstocks, such as HVO (Hydrogenated Vegetable Oil) and SAF (Sustainable Aviation Fuel), as an already available solution to diversify supplies, reduce GHG emissions along the value chain and preserve the industrial capacity and skills of European countries.

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Volkswagen AG reached an agreement on Monday with the State of Lower Saxony and Aurelius Capital on the possible sale of Volkswagen Osnabrück GmbH. The aim of the transaction is to preserve the site over the long term. The plan provides for Aurelius, as the majority owner, to take over Volkswagen Osnabrück GmbH together with the State of Lower Saxony.

Aurelius and the State of Lower Saxony intend to develop the site over the coming years into a competence center for security and defense solutions. As an initial anchor project, Aurelius and the State of Lower Saxony are planning to cooperate with Rafael Advanced Defense Systems. These plans involve the potential manufacture of systems and components for air defense systems for Germany and Europe. While Rafael would contribute its technological expertise and long-standing experience in the field of modern air defense systems, the workforce in Osnabrück would play a central role in establishing manufacturing operations and industrializing production. The cooperation is also intended to pave the way for further partnerships and projects under the umbrella of the new company.

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The Supervisory Board of the Volkswagen Group unanimously approved the Executive Board’s Future Plan 2030. As the automotive industry and its markets undergo their fastest and most fundamental shift to date, it enables the Volkswagen Group to pave the way for sustainable long-term success. The Future Plan 2030 sets the stage to make the Volkswagen Group and its brands stronger, more competitive and better positioned for the future. The Executive Board will now jointly drive the necessary measures, collaborating with the brands, subsidiaries and employee representatives.

The Future Plan 2030 is the most strategically profound transformation program in the Volkswagen Group’s history. Its 12 initiatives are designed to make the Group and its brands more resilient and competitive under demanding market conditions:

Strengthening the financial basis: The core automotive business takes center stage. As market conditions evolve, the Volkswagen Group plans for annual sales of nine million vehicles. The primary financial target is an operating margin of nine percent by 2030. This corresponds to an operating result of approximately €31 billion, with €37 billion in overhead costs and a target of €135 billion for capital expenditure and research and development in the planning period 2027 to 2031.

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The Iran War Energy Cost Tracker from Brown’s Watson School of International and Public Affairs has tracked the price paid for gasoline and diesel since the U.S. and Israel launched joint strikes on Iran on February 28.

The war in Iran is costing Americans $100 billion in extra energy costs

The average gas price as of Monday was $4.15 a gallon — a national record for Labor Day weekend, marking the first time prices had topped $4 over the holiday.

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Siv Fagerland Christensen has taken up her position as Director of governance, finance and shared services. She is a part of the Directorate’s executive management team.
Christensen has the equivalent of a master’s degree in finance and business administration, and comes from an extensive private sector career in finance, strategy and business development.

According to her, the new and unfamiliar aspect is what makes the position attractive:

“I wanted to do something different. I’ve never worked for the government before, only the private sector, so this is a very exciting opportunity,” says Christensen, who has a background from Norske Shell, Equinor, Orkla, Kverneland and DSD.

Her experience ranges from finance and economics to commercial negotiations and mergers and acquisitions.

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Defender revealed its new Defender Wolf Series II, its next generation light mobility vehicle.

The vehicle, based on Defender’s purpose‑engineered D7x architecture and monocoque construction, is Defender’s first military vehicle launch since the original Defender Wolf, which served the British Armed Forces for more than 70 years.

Defender Wolf Series II will compete for the Ministry of Defence Light Mobility Vehicle tender, while JLR has also established a new Defender Defence Division to engage with and support the requirements of other defence organisations.

During development, Defender was tested to the extreme undergoing more than 62,000 tests for engineering sign‑off, while the chassis and body architecture were engineered to withstand JLR’s Extreme Event Test procedure.

Now, Defender Wolf Series II adds to the existing Defender Expert portfolio that currently serves emergency organisations around the world in practical roles including border force, police, military and fire, proving the vehicle’s versatility to operate in tough environments. 

Four variants of Defender Wolf Series II, including a tactical mobility vehicle, a general mobility vehicle, an ambulance and a utility vehicle, are to be unveiled at the British Army DVD 2026 event, at Millbrook proving ground in Bedfordshire, on 16‑17 September.

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Hyundai Motor Company announced a multi-year agreement as the Official Automotive Partner of the UEFA Champions League. The partnership marks the company’s commitment to European club football at its highest level. It begins with the 2026/27 season, running to the end of the 2030/31 season.
Football is familiar ground. For almost 30 years Hyundai has supported the game at its highest levels, from the largest international tournaments to clubs and associations around the world. The UEFA Champions League extends that commitment to the pinnacle of European club football.

The parallels between the UEFA Champions League and Hyundai run deeper than scale: squads in this competition draw talent from every corner of the globe and compete at the highest level in Europe. Hyundai leverages the strengths of its global scale while designing, engineering and building vehicles in Europe, selling across the continent. Two organisations, unambiguously European in operation and international in influence. Under its brand vision of ‘Progress for Humanity’,

Hyundai is committed to expanding opportunities and contributing towards and more inclusive future for society. Through this partnership with UC3, UEFA’s joint venture with European Football Clubs, engagement with the UEFA Champions League and Hyundai’s mobility offerings, the company aims to bring people together across cultures and communities throughout Europe, uniting millions of football fans while delivering a positive impact for society.

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In line with its strategic roadmap to 2030 unveiled last March, Dacia is making a firm commitment to electric mobility. The brand has confirmed the launch of four all-electric vehicles by 2030 and is now revealing the first in the series: New Dacia Spring.

With this second-generation Spring, Dacia is continuing the success story of a model sold in over 210,000 units in more than forty countries since 2021, giving many customers access to electric mobility for the first time. A success built on a model that is true to Dacia’s DNA: New Spring is the smart A-segment EV choice made in Europe, closely reflecting the everyday needs of users.

New Spring keeps the name of the previous generation but changes everything else. Fully redesigned and built on Renault Group’s new RG-EV small platform, it now has completely different proportions. In particular, it is 18 cm wider, giving it a stronger, more robust stance, while increasing interior space.

With the RG-EV small platform, New Spring gains the latest e-technologies by Renault Group, a pioneer in this field, continuously seeking to make the best technology accessible to as many people as possible.

New Spring is the first Dacia to benefit from Renault Group’s new development programmes, intending to speed up the vehicle design cycle and cut development time to under two years, while also reducing design costs. An approach that is fundamentally Dacia in its ability to cut straight to the essentials.

New Dacia Spring is built in Europe, at the Novo Mesto plant in Slovenia.

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The Mercedes-Benz Classic upholsterers showcased their outstanding craftsmanship at Hampton Court. The upholstery shop is one of seven traditional automotive trades represented at the Mercedes-Benz Classic Center in Fellbach. Right next to this, experienced bespoke tailors from Henry Poole & Co created a men’s jacket in the joint demonstration workshop. Every step performed by the experts highlighted just how much experience, knowledge and craftsmanship go into creating individually crafted masterpieces.

Both the brand with the star and Henry Poole & Co are suppliers to the British Royal Household. hanks to MANUFAKTUR Made to Measure, the S-Class demonstrated just how individually a Mercedes-Benz can be configured today. The elegant exterior paint finish of the exhibited Mercedes-Benz S-Class in MANUFAKTUR silicon grey already emphasises the model’s sophisticated and timeless appearance. The real highlight, however, is revealed inside: the exclusive “Vista Blue” colour scheme creates an exceptional sense of depth and tranquillity. Combined with Made to Measure features such as the personalised headrest cushions, seat cushions, floor mats, boot mat and individually designed door sill panels, the interior is transformed into a personal retreat. The result is an unmistakable one-off vehicle which reflects the personality of its owner in a unique way, making the S-Class one of a kind.

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The Norwegian Offshore Directorate has developed three scenarios for production on the NCS up to 2050. Together, they depict a broad spectrum of potential production outcomes. All three point towards a decline in production over time, but the pace and extent of the decline vary.

The scenarios show neither an upper nor a lower limit for future production. A higher resource base than expected, sustained high prices, technological breakthroughs or the opening of new areas can increase the likelihood of higher production than that illustrated. Similarly, persistently low prices and low willingness to invest may reinforce the trend towards less exploration, lower resource growth and lower production.

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TotalEnergies announces that Papua LNG has achieved major contractual and commercial milestones, marking decisive steps towards a Final Investment Decision. Thanks to the close cooperation with the authorities of Papua New Guinea and Papua LNG partners, the following key milestones have now been achieved:

Completion of the EPC tendering process, with contract award recommendations now ready to be approved by the co-venturers. Since 2024, close to US$ 4 billion cost savings have been achieved through project design optimization (for example, developing an alternative upstream condensate scheme in synergy with PNG LNG) and rebidding EPC packages with an enlarged panel of Asian EPC contractors, bringing the project capital expenditure down to around US$ 14 billion.

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Baker Hughes Rig Count: : International +6 to 1,102. U.S. unchanged at 588 Canada -7 to 204
U.S. Rig Count is unchanged from last week at 588 with oil rigs down 5 to 447, gas rigs up 5 to 132 and miscellaneous rigs unchanged at 9.
Canada Rig Count is down 7 from last week to 204 with oil rigs down 4 to 140, gas rigs down 1 to 62 and miscellaneous rigs down 2 to 2.
International Rig Count is up 6 from last month to 1,102 with land rigs up 8 to 855, offshore down 2 to 247..
The Worldwide Rig Count for August was 1,907, up 28 from the 1,879 counted in July 2026, and up 113 from the 1,793 counted in August 2025.

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OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.

Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases

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Ukraine’s General Staff confirms the shutdown of the LUKOIL-Nizhegorodnefteorgsintez oil refinery in Kstovo, Nizhny Novgorod region. The facility was struck on August 26.

The shutdown of the NOVATEK-Ust-Luga complex in the village of Slobodka, Leningrad region, has also been confirmed. During the strike on September 1, pipelines between the oil delivery pumping station and the storage tanks were hit, resulting in a spill of petroleum products covering an area of 200 square meters. The primary gas condensate processing unit and two columns of the hydrocracking unit were also hit.

In addition, a pipeline fire was reported in the tank farm, resulting in a spill of petroleum products covering an area of 250 square meters.

Ukraine’s General Staff emphasizes that both facilities are involved in meeting the needs of the Russian armed forces.

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OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.

Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
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The machine will operate for four years, providing electrical power and process steam to the chemical industry at the site while also enabling continuous monitoring and planned component changes throughout the validation period. This approach is designed to support long-term, industrial-scale validation of advanced materials, components, and manufacturing methods, while keeping operational risk for the plant low.

The power plant is operated by SYNEQT, a wholly owned subsidiary of Evonik Industries, and a leading industrial infrastructure and energy services provider operating one of Germany’s largest chemical park sites, with four SGT-800 units installed.

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The Executive Director-designate succeeds Mr. Ernest Rubondo, whose second term of office concluded on 31st August 2026. The Honourable Minister and the Board of Directors are working to finalise the onboarding of the Executive Director-designate, whose details will be communicated in due course.

In the interim, the Honourable Minister appointed Mr. Otonga Michael Ochan, Director Finance and Corporate Services, as Acting Executive Director of the Authority, effective 1st September 2026, pending the assumption of office by the Executive Director-designate.

The Board takes this opportunity to express its sincere appreciation to Mr. Rubondo for his exemplary leadership and distinguished service, which contributed to the institutional growth of the PAU, and the advancement of Uganda’s petroleum sector.

During this period, the Authority’s operations, management structures, and reporting lines remain unchanged. The Authority will continue to exercise its full mandate to ensure effective coordination, uninterrupted service delivery, and business continuity.

The Board reassures stakeholders, industry players, and the public that the PAU remains fully committed to the efficient and effective management of Uganda’s petroleum resources for sustainable national development.

– Lynda Biribonwa, CHAIRPERSON, BOARD OF DIRECTORS

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BW ESS is a global energy storage owner-operator, developing and operating large-scale battery storage projects that support grid stability, renewable energy integration and long-term energy resilience. In Spain, it is progressing an initial 2.2 GW pipeline comprising eight projects across several regions.

Navacant is a Spanish renewable energy and energy storage developer focussed on developing projects that contribute to the energy transition and decarbonisation of the Spanish electricality system.

The WFW Madrid Corporate and M&A team that advised BW ESS was led by Energy Sector Head – Europe & Americas and Head of The Madrid Office María Pilar García Guijarro and Corporate and M&A Partner Javier Ruffín, supported by Senior Associate Pablo Manchado and Associates Mar Clavijo and Cristina Martínez. Regulatory advice was provided by Partner Lidia Fernández.

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The SIMONE software platform is used by more than 100 network operators across 50 countries and enables the simulation, monitoring and optimisation of gas infrastructure. In addition to natural gas, the platform supports the modelling of hydrogen, biomethane and CO₂ networks.

Energy Exemplar is a global provider of software solutions for the modelling, analysis and optimisation of energy systems. Its products include the PLEXOS®, Aurora and Adapt2 platforms.
Prague-based SIMONE Research Group develops the SIMONE software platform for the simulation and optimisation of gas transmission and distribution networks.

Based in Essen, Germany, LIWACOM Informationstechnik is a long-standing technology partner of SIMONE Research Group and contributes to the ongoing development of the SIMONE platform. It has expertise in real-time applications, SCADA integration, and gas quality and billing systems.

The multi-disciplinary WFW Germany team advising Energy Exemplar was jointly led by Munich Corporate Partners Dr Dirk Janssen and Dr Christian Bauer, working closely with Senior Associates Christian Schulten-Baumer and Felix Wörner and Associate Philipp Vogl as well as New York Counsel Todd Johnson. Hamburg Partner Dr Christine Bader advised on regulatory matters. Munich Partner Dr Andreas Wiegreffe, Managing Associate Liv-Loreen Perkhoff Theurer and Transaction Lawyer Christoph Konrad advised on the employment law aspects of the transaction, whilst Frankfurt Counsel Manuel Rustler and Associates Dr Alexander Brune and Finn Ortmeier provided tax advice. Real estate expertise was provided by Hamburg Counsel Tatjana Giutronich and Associate Tetiana Arkhipova.

Dirk commented: “We are pleased to have advised Energy Exemplar on this strategically important transaction. Their acquisition of SIMONE Research Group and LIWACOM Informationstechnik strengthens Energy Exemplar’s position in the energy modelling sector whilst expanding its capabilities in gas infrastructure. The transaction underlines the growing importance of digital solutions in the transformation and optimisation of energy infrastructure”.

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The Baker Hughes International rig count is a monthly census of “active” drilling rigs exploring for or developing oil or natural gas outside North America (US & Canada).
 The Baker Hughes rig count defines active rigs as rigs that are actively conducting drilling operations on a given well  For a rig to be active the below conditions must be met:
• The rig must be drilling (turning to the right)
• Drilling needs to have occurred for a majority of the week (4 days out of 7)
• The active rig must be working on a well which is a significant consumer of oilfield products and services

Baker Hughes announced a significant award from bp to provide offshore stimulation services across the company’s UK North Sea operations. The award supports both new well development and enhanced recovery from mature fields.

Under the agreement, Baker Hughes will deploy a vessel-based stimulation solution featuring its proven StimFORCE modular stimulation package to support well completions and production enhancement activities. Supported by a UK operating base and an established local supply chain network, the solution is designed to enhance operational reliability, minimize non-productive time and optimize recovery. The dedicated vessel solution provides both schedule and operational flexibility, enabling stimulation activities to be executed efficiently.

“By combining our vessel-based stimulation expertise, advanced intervention technologies and production optimization capabilities, we are well positioned to help bp enhance reservoir performance, increase operational flexibility and unlock additional value from both new and mature fields across its North Sea portfolio,” said Baker Hughes Executive Vice President of Oilfield Services & Equipment Amerino Gatti.

Baker Hughes has a long-standing presence in the UK, helping offshore operators optimize reservoir performance across the well lifecycle through advanced drilling, completions and intervention technologies.

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Oil prices mixed as markets weigh Middle East escalation

Williams announced it has closed its acquisition of Momentum Midstream in a transaction valued at approximately $5.5 billion, expanding the company’s integrated natural gas infrastructure platform in the Haynesville to serve growing Gulf Coast LNG, power and industrial demand. The transaction includes approximately $3.5 billion of cash and debt consideration and roughly $2 billion of Williams’ equity.

Momentum’s Haynesville platform adds more than 4,000 miles of pipe, over 1 million dedicated acres, 6 Bcf/d of gathering capacity, multiple processing and treating facilities and three take-or-pay pipelines with 4.05 Bcf/d of transportation capacity. The acquisition expands Williams’ presence in the nation’s fastest growing natural gas supply basin, strengthening connectivity between premier supply and growing demand while creating opportunities for future expansions in addition to the two already announced.

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Sigenergy has just secured the No. 1 global ranking by MWh shipments in S&P Global Energy’s Residential Energy Storage Market Tracker (H1 2026), capturing a leading 14% market share. This top-tier global recognition validates the company’s rapid worldwide expansion and user-led innovation across the residential energy storage sector.

Sigenergy’s global leadership is propelled by balanced growth across key international territories rather than a single region. Backed by strong traction in Europe, resilient momentum in Oceania, and rebounding markets in Africa, the company secured top market positions across multiple countries.

To date, Sigenergy supports its worldwide customer base through a robust global network comprising over 170 distributors and 33,000+ registered installers spanning more than 120 countries.

Amid an accelerating global energy transition, Sigenergy capitalized on surging demand for distributed energy by executing its visionary “AI in All” strategy.

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More than half (53%) of Northern Ireland’s electricity came from renewable sources in the year to June – beating the level previously set in 2022. Almost three-quarters (74%) of renewable electricity came from wind. Bioenergy – anaerobic digestion, incineration and fermentation – provided just under one-fifth (18%).

Solar energy provided 6%, landfill gas provided 1%, and hydro/tidal generation provided 1%.

Northern Ireland has a target of generating 80% of electricity from renewable sources by 2030.

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UK government will withdraw financial support for small-scale biomass generators once their current Renewable Obligation (RO) period ends, drawing criticism from industry groups over what they argue is a dismissal of circular economy benefits.

The decision applies to all installations under 100 MW capacity, including anaerobic digestion, sewage gas, and energy-from-waste facilities. Existing RO support will phase out gradually between next year and 2037, with no successor scheme planned.

The Department for Energy Security and Net Zero argued that continued backing does not represent value for money for billpayers relative to the power system contributions these assets provide. The National Energy System Operator (NESO) had advised government that the capacity reductions expected post-RO expiry are small and manageable within current market frameworks.

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SINTEF and VARD have signed a strategic partnership agreement to strengthen research, technology development and innovation in future maritime solutions. The aim is to meet the industry’s needs in the energy transition and accelerate the development of more energy-efficient, digital and competitive vessels and maritime systems.
VARD is one of the world’s leading designers and builders of specialised vessels, with strong positions in offshore energy, defence and other advanced vessel segments. Together with its owner Fincantieri, one of the world’s largest shipbuilding group, VARD aims to lead the technological and sustainable development of the maritime industry.

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Flex announced that it has entered into a definitive agreement to acquire EPC Power at a value of $4.4 billion, subject to customary adjustments. The transaction is expected to close in the fourth quarter of calendar 2026, at which time EPC Power is expected to become part of Flex’s Cloud and Power Infrastructure (CPI) segment. Flex plans to separate CPI into an independent publicly traded company in the first calendar quarter of 2027.

EPC Power is a leading provider of intelligent power conversion solutions for data center and grid applications, combining internally developed hardware, software and controls with U.S.-based engineering and manufacturing. The platform is engineered for next-generation 800V data center power architectures, which enables more efficient power delivery for higher-density AI infrastructure, with capabilities across rectifiers, DC-DC conversion and planned development of solid-state transformers. EPC Power has more than 15 GW deployed across 62 countries and annual U.S. manufacturing capacity will surpass 30 GW in 2027.

Combined with Flex’s existing power, cooling and compute portfolio, EPC Power’s differentiated power conversion capabilities broaden Flex’s offering across data center and electrical infrastructure, accelerating its position for the transition to next generation 800V data center power architectures as AI workloads drive higher power densities. EPC’s technology will sit at the center of next-generation data center power systems, providing grid stabilization, backup power and clean 800V to drive modern GPUs.

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More Energy, Oil & Gas Stories !!! �News straight from the source �

OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Submit your Releases or contact us now!, victor@oilandgaspress.com

OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.

Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases

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In the future, the number of sales regions will be reduced from five to four. Germany, as Porsche’s home market, will become part of the Europe region. In addition to his current role as Chairman of the Executive Board of Porsche Deutschland GmbH, Robert Ader will assume the function of Regional Lead Europe, taking responsibility for the overall management and coordination of the European markets.

Responsibilities across North, Central and South America will also be consolidated. The newly formed ‘Americas’ region will be led by Timo Resch, President and CEO of Porsche Cars North America. The China sales region will remain unchanged under the leadership of Alexander Pollich.

The Overseas & Emerging Markets region will also be realigned. Mathias Busse, CEO of Porsche Korea Ltd., will assume the additional role of Regional Lead Overseas while continuing in his current position. His responsibilities will focus on key growth markets in the Middle East and across Asia. Prior to his assignment in Korea, Busse held various positions at both Porsche and Volkswagen.

As part of the reorganisation, the existing central departments for the Europe and Overseas and Emerging Markets regions will be dissolved. This streamlining will bring responsibility closer to the markets. The new structure is scheduled to take effect from 1 October, 2026.

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