Wednesday, 8 July 2026

Technip Energies, Airbus, Safran and Tereos are collaborating on a sustainable aviation fuel (SAF) project in France that will convert agricultural and biogenic feedstocks into certified jet fuel, according to Hydrogen Fuel News.

Each partner takes a defined role in the consortium. Technip Energies will handle process design and engineering for the plant, while Tereos supplies sugar beets, cereals and ethanol, Hydrogen Fuel News reported. Airbus will define aviation requirements and guide certification pathways, and Safran will provide engine performance expertise to ensure systems can safely burn high-blend SAF.

The group has not settled on a production route. Hydrogen Fuel News reported that the consortium has not yet selected a single SAF technology and is weighing different options to balance feedstock sustainability, process efficiency and lifecycle emissions.

Technip Energies spun off from TechnipFMC in 2021, according to Hydrogen Fuel News.

Vantage Drilling shareholders approved a merger with Eldorado Drilling at a special general meeting held in Bermuda on June 18, according to Offshore Engineer OEDigital. The deal values Vantage's equity at approximately USD 258 million.

Shareholders voted in favor of all resolutions related to the merger, OEDigital reported. The companies are targeting completion of the transaction at the beginning of the third quarter of 2026.

Eldorado's principal shareholder has committed USD 125 million in equity funding support for the acquisition, according to OEDigital. That support includes new cash equity and the conversion of an existing shareholder loan into equity.

Vantage will survive the transaction as a wholly owned subsidiary of Eldorado and continue operating under the Vantage Drilling International name, OEDigital reported. Following completion, Vantage intends to seek the delisting of its shares from Euronext Growth Oslo.

ISO New England has released the summer update to its Wholesale Markets Project Plan, according to ISO New England Newswire.

The plan tracks 15 markets-related projects as of June 2026, including three new projects added since the December 2025 edition, according to ISO New England Newswire.

Capacity Auction Reforms remains the most significant current project, ISO New England Newswire reported. The project will transition the capacity market to a prompt and seasonal market with capacity accreditation and resource deactivation reforms.

The Federal Energy Regulatory Commission (FERC) accepted the first phase of Capacity Auction Reforms in March, according to ISO New England Newswire. Stakeholder discussions on the second phase are ongoing, with a FERC filing expected by year-end.

Belgium's quarter-hourly electricity price hit an all-time high of EUR 1,038.25/MWh in the 15-minute window opening at 8:45 p.m. CET.

Dutch prices peaked at EUR 902.47/MWh in the same evening stretch, a quarter-hour record. German quarter-hour prices topped out at a record EUR 747.10/MWh, and the Danish DK1 zone climbed to EUR 786.83/MWh.

Montel tied the steepest jumps to the evening peak, when solar output drops off after sunset while cooling demand stays elevated, according to pv magazine.

That left more of the load for other plants to cover. German residual load, the share of demand not met by wind and solar, hit 51.5 GW, roughly 10.4 GW higher than the normal reading for the hour and season, pv magazine reported.

High temperatures also eat into thermal output. Combined-cycle gas turbine plants shed between 0.5% and 0.9% of their generation for each extra degree Celsius, according to pv magazine.

The Swedish Meteorological and Hydrological Institute expects the heat wave to hold across much of Central and Western Europe into the first days of July.

EOG teams in Bahrain remain on schedule to deliver results from exploratory activity in the second half of this year, despite the Iran war this spring, according to Oil & Gas Journal.

EOG signed a partnership with state-owned Bapco Energies early last year to launch onshore unconventional gas operations in Bahrain, Oil & Gas Journal reported.

Separately, Oil & Gas Journal reported that Devon CEO Clay Gaspar announced a $22 billion deal for Coterra in February. The Devon-Coterra combination created a company with operations in six basins.

Adding Coterra's operations has grown Devon's Delaware footprint to nearly 750,000 acres, according to Oil & Gas Journal.

Gaspar described Devon's portfolio review as a months exercise, not a years exercise. "We've telegraphed this is more of a months exercise, not a years exercise," he said, per Oil & Gas Journal.