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Thursday, 13 August 2026

55 briefs so farlast update 18:52 UTC

Key points

  • China Issues Five-Year Climate Plan Covering 2026-2030.
  • DOE Cancels Three Proposed National Interest Electric Transmission Corridors.
  • Nuclearelectrica Halts Cernavoda Unit 2 as Danube Falls to 182 cm.
  • Iran Cleans Up Oil Spill Off Qeshm Island as Hormuz Ship Incidents Reach 65.
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Markets

DNO Posts Record Quarterly Revenue of USD 761 Million, Bids for Genel Energy

DNO reported record second quarter revenue of USD 761 million, up 21 percent quarter-on-quarter, according to the company's results statement carried by GlobeNewswire. Operating profit rose 55 percent quarter-on-quarter to USD 439 million.

Net profit climbed 65 percent to USD 83 million over the same period, the company said.

Net production averaged 88,400 barrels of oil equivalent per day during the quarter. DNO also lifted its 2026 North Sea production guidance to 85,000 boepd, 3,000 boepd above the projection it set at the start of the year.

The Board approved a quarterly dividend of NOK 0.375 per share, payable in September 2026. That keeps the payout at the same level as the previous four quarters.

On the acquisition front, DNO announced a possible offer for Genel Energy plc at 69 pence per share. The indicative price is a 38 percent premium to Genel's closing price on 6 August 2026, per the DNO statement.

DNO said it halted production and drilling on its operated Tawke license in Kurdistan as a precautionary safety measure following U.S.-Israeli air strikes against Iran in late February.

Source: globenewswire.com (opens in a new tab)1 sourcePermalink

Markets

Snowy to Power Tomago Smelter's Shift to 100% Renewables, RenewEconomy Reports

Australia's largest aluminium smelter has secured government funding to move to 100 per cent renewable electricity, with Snowy lined up to supply the power, according to RenewEconomy.

RenewEconomy reported that the country's biggest aluminium smelter obtained government funds to help it transition to 100 per cent renewables. The outlet identified the smelter as Tomago and said the new element in the arrangement is that Snowy is going to provide the electricity.

Smelters are among the heaviest single loads on any electricity system, and the supply arrangement ties the plant's switch to a hydro operator rather than to new contracted wind or solar capacity.

On the retailer-generator side, RenewEconomy assessed the latest results from two of Australia's largest energy companies. AGL's numbers showed execution, reliability and cost control the market liked, but a poor forward investment outlook, with gas plants now appearing on the company's future investments list.

Origin also scored well on execution, reliability and cost control in RenewEconomy's read of its results. The outlet described the Yanco Delta project as "challenging", noted a low capital expenditure forecast, and said Octopus came close to earning a positive EBITDA.

The pairing of the two sets of results points to the same tension: operational discipline is holding up at the incumbents while the pipeline of new generation commitments thins, with gas re-entering the investment conversation at AGL.

Source: reneweconomy.com.au (opens in a new tab)1 sourcePermalink

Aluminium smelter with transmission lines linking to a distant hydroelectric dam under overcast Australian sky.
Photo: Gaynor Mullen / Pexels (opens in a new tab)