Latest News
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20 Feb 26
Australia: Thor Energy awarded two new highly prospective natural hydrogen & helium licences in the Otway Basin, South Australia
Thor Energy has announced the successful award of two new Regulated Substance Exploration Licence Applications (RSELA 810 and RSELA 811) to Thor and its 50:50 joint venture partner, H2EX. -
20 Feb 26
Westwood Insight – Key wells to watch in 2026
Westwood forecasts around 65 high impact wells to complete in 2026, in-line with 2025. Africa and South America are expected to remain the dominant regions for high impact drilling with 19 and 15 wells respectively in 2026. -
20 Feb 26
Azerbaijan: Gran Tierra Energy signs onshore exploration, development and production sharing agreement with the State Oil Company of Azerbaijan
Gran Tierra Energy has signed, through an indirect wholly owned subsidiary, an exploration, development and production sharing agreement ('EDPSA') for the onshore Guba- Khazaryani region within the Republic of Azerbaijan with the State Oil Company of the Republic of Azerbaijan ('SOCAR'). -
20 Feb 26
Tullow Oil issues statement in advance of the Group's 2025 full year results
Tullow Oil has issued a statement in advance of the Group's 2025 full year results. The Company reports a 2025 working interest production of approx. 40.4 kboepd, with revenue of around $847 million. -
20 Feb 26
Borneo/North Sumatra: Upland Resources completes successful fundraise for high-impact Borneo and North Sumatra opportunities
Upland Resources Limited has successfully completed a £2.0 million fundraise, with £0.5 million from strategic and existing shareholders and £1.5 million from directors and management, to secure participation in high-impact onshore licence opportunities in Borneo and Northern Sumatra. The company also secured a US$100 million strategic funding commitment for asset advancement. -
20 Feb 26
AKOFS Offshore signs contract for Aker Wayfarer
Akastor ASA's 66.7% owned affiliate AKOFS Offshore has signed a firm contract for its vessel 'Aker Wayfarer' following a competitive tender process. The vessel will continue to perform services as a Subsea Equipment Support Vessel (SESV) for Petróleo Brasileiro S.A. (Petrobras) in Brazil. -
20 Feb 26
PetroNor E&P: Interim financial report for the quarter ended 31 December 2025
In the fourth quarter, PetroNor E&P completed a lifting and sale of 540,000 bbls of entitlement oil, generating USD ~33 million in cash. Production rate increased with the conclusion of the infill drilling campaign, bringing the 2025 net exit rate to 5,400 bopd. -
19 Feb 26
Australia: Fugro completes artificial reef installation for Woodside and Recfishwest
Fugro has successfully installed an artificial reef off the coast of Dampier, Western Australia, on behalf of Woodside Energy and Recfishwest, creating a new habitat to support local fish species and enhance recreational fishing opportunities for the community.
