The global energy architecture is facing a systemic crisis, a breakdown clearly exposed by the fact that global energy-related methane emissions demonstrated no discernible trajectory of decline during 2025.
The 2026 Energy Progress Report shows global clean energy gains remain insufficient for SDG 7 targets by 2030. Despite renewable growth, major access gaps persist, especially in Sub-Saharan Africa, requiring faster investment and stronger action.
The Seventh Global Conference on Strengthening Synergies between the Paris Agreement and the 2030 Agenda called for accelerated, integrated action to turn climate and sustainable development commitments into results.
Quaise Energy has secured $134 million in the first close of its Series B financing to accelerate development of its superhot geothermal technology and Project Obsidian, the world’s first commercial superhot geothermal power plant.
Blue Ocean Decom, a new specialist subsea removal and decommissioning company, has launched with ambitions to expand internationally, naming the Middle East, Asia-Pacific and the UK as its key growth markets.
The European Union (EU) carbon market grew to €777 billion ($887 billion) in 2025, driven by strong trading activity and higher carbon prices, according to the European Securities and Markets Authority (ESMA).
TotalEnergies has completed the sale of its 170MW distributed solar portfolio across seven European countries to Amarenco and AMPYR Distributed Energy, marking its exit from distributed solar generation activities in those markets.
SLB announced that its OneSubsea joint venture has secured a contract from Eni North Ganal to deliver a steel tube umbilical system for the Kutei North Hub field development offshore East Kalimantan, Indonesia.
UK-based Metatek-Group has launched a three-year airborne survey programme in Nigeria, expanding geological mapping across 210,000 square kilometres using advanced geophysical technologies to support energy exploration, mineral development and renewable energy projects.
BB Energy has been awarded three additional crude oil cargoes by the Republic of South Sudan, scheduled for delivery in August, September and November 2026.
