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.
Aquaterra Energy and James Fisher have formed a global partnership to streamline offshore decommissioning, combining engineering and subsea expertise to improve efficiency, reduce risks and support well abandonment projects across the North Sea, Asia-Pacific and Middle East.
The International Energy Forum (IEF) has welcomed Pakistan as its newest Member Country, strengthening global cooperation on energy dialogue among producers, consumers and transit nations.
Hoist & Winch has completed the installation of eight tailored electric chain and wire rope hoists at a UK dockside seed-crush and refinery facility, supporting critical maintenance operations across the site.
SmartWatt Consulting and Integrated Energy Services, an Abu Dhabi-headquartered energy technology company, has partnered with India's BSES Rajdhani Power to develop AI-enabled demand-side flexibility solutions for capital Delhi's electricity network under the Muruna Initiative.
Oil prices settled lower on Friday after the latest round of US-Iran fighting as traders grew hopeful that shipping would eventually resume in the Strait of Hormuz, but prices finished with sharp weekly gains. Brent crude futures fell by 29 cents to close at $76.01 a barrel.
