This week, BP set a trend among supermajors as it hit the breaks on buybacks as International Energy Week kicked off in London and the UK government announced the winners of the non-offshore wind winners of Allocation Round 7.

To run us through the headlines, Energy Voice's Ryan Duff, Mat Perry, and Erikka Askeland are joined by E-FWD editor Ed Reed.

First off, Erikka discusses BP's world leading reserves and its move to step away from share buyback schemes while its fellow UK supermajor doubled down. As BP announced its full year results, University of Strathclyde’s Centre for Energy Policy released a report on EnQuest's Sullom Voe Terminal and the impact an extension to BP's Clair field would have on jobs and the wider Shetland economy.

Next up, Ed regales us with tales from International Energy Week, first touching on Shell CEO Wael Sawan's comments on the state of European energy policy as the continent finds itself the piggy in the middle between America's liquids production and China's electricity generation. Suffice to say, there is plenty to talk about from the event in London this week.

Finally, Mat recounts the winners of the non-offshore wind winners from Allocation Round 7, also known as AR7a. His points to success, particularly in solar, as our journalists mull over the opportunities of tidal energy.

This week on Energy Voice Out Loud, Michal and Mat discuss the latest Q4 results from Shell, Ithaca Energy and Equinor. Although it's the era of 'drill, baby, drill', it doesn't appear to be entirely plain sailing for the oil and gas majors, and some shareholders are showing their discontent.

Then we head up to Aberdeen, where Erikka and Ryan have been attending Subsea Expo 2026. First off, they caught up with Global Underwater Hub boss Niel Gordon and the NSTA's Bill Cattanach to find out what was happening on the show floor.

Finally, Ryan and Erikka sat down on the final day of the conference to discuss their key takeaways and the top headlines from Subsea Expo 2026.

This week’s episode features Energy Voice’s Ryan Duff and Ed Reed in our opening discussion, then reporters Mathew Perry and Michael Behr with their thoughts from Offshore Wind Conference 2026 in Glasgow.

Up first, Ed, Ryan and Floyd team up to tackle the trials and tribulations in the offshore and floating wind sector, as the £1.5 billion Ming Yang project gets paused and XCLL pivots from manufacturing to cable laying.

Next, Michael Behr sat down with former Corio Generation CEO Jonathan Cole as he returns to the offshore wind sector in his new role as ambassador for the Global Wind Energy Council. We discuss the evolving offshore wind landscape, from the UK’s political consensus, transmission charging and, his thoughts on Chinese involvement in the UK.

And to round things off, Mat and Mike chat through the best points from Offshore Wind Conference 2026 – transmission charging and AR8 are the big takeaways, especially as any potential reforms look unlikely to come into play for this year’s auction.