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Energy Industry News
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Greenvolt opens 200MW Turośń battery as Poland turns storage into grid infrastructure
Greenvolt Power has completed one of Poland’s largest battery energy storage facilities, combining 200MW of power with four hours of storage. The 17-year capacity-market contract provides long-term visibility from 2028, but merchant revenues, battery performance and portfolio execution will determine the project’s full value.
Galilee Energy (ASX: GLL) sharpens US focus through Glenaras divestment
Galilee Energy’s exit from the Glenaras Gas Project marks a decisive shift away from a large but technically challenging Australian coal seam gas resource towards the faster-cycle Zydeco gas and condensate opportunity in Louisiana. The portfolio is becoming simpler, although the company’s investment case is also becoming significantly more concentrated.
Worley (ASX: WOR) secures INPEX agreement ahead of full-year results
Worley Limited has strengthened its relationship with INPEX Corporation through a new framework services agreement, adding another established global energy customer to its growing portfolio of long-term arrangements. The agreement creates a pathway for future assignments, although the commercial significance will depend on the value, frequency and margins of work subsequently awarded under the framework.
Hungary begins first full Paks nuclear shutdown as Danube reaches record low
Hungary shut Paks as record-low Danube levels removed nuclear cooling water, leaving the country exposed during a new 40°C heatwave.
India approves Rs 84,084cr Samudra Manthan offshore oil and gas exploration scheme
India's ₹84,084 crore Samudra Manthan scheme underwrites 60 deepwater wells and targets 80 MMTOE domestic output by fiscal 2030-31 for ONGC and Oil India.
Talos Energy (NYSE: TALO) takes 50% of Mexico Block 29 as Repsol targets 2027 investment decision
Talos Energy is entering Repsol’s Block 29 offshore Mexico through a staged farm-in covering the Polok and Chinwol discoveries. The deal limits Talos Energy’s immediate payment, but an FPSO development would eventually require substantial capital, regulatory approvals and confidence in more than 200 million barrels of estimated gross recoverable resources.
Saipem, Subsea7 clear US antitrust hurdle as Saipem7 merger heads for H2 2026 close
Saipem cleared US antitrust for the €21bn-revenue Saipem7 merger with Subsea7, but a Brussels Phase II probe and an Australian in-depth review remain.
Ruwais LNG Project: Abu Dhabi’s 9.6Mtpa export plant advances toward 2028 start-up
The Ruwais LNG Project in Al Ruwais Industrial City, Abu Dhabi is a 9.6Mtpa ADNOC-led export development backed by bp, Mitsui, Shell and TotalEnergies, with commercial operations scheduled to start in 2028.
LSE: GEX touched 15p, but can Hussar drilling justify Georgina Energy’s July rally?
Georgina Energy raised £1.5m as Hussar drilling nears. The test is whether GEX can turn prospective gas resources into verified flow.
Energy One (ASX: EOL) jumps 32% after rejecting Volue’s A$17 bid
Energy One rejected Volue’s A$17 bid, yet ASX trades 16% below it. August results may decide whether the board’s stance holds.