Latest News
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01 Dec 25
Chad: Perenco completes successful twelve well campaign on the Badila oil field in Chad
PetroChad Mangara, Perenco’s wholly owned Chad subsidiary, has completed a successful twelve well drilling campaign at the Badila oil field in Chad. -
01 Dec 25
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01 Dec 25
UK: New decom table highlights named operators’ performance
Thirteen operators who have fallen behind in their decommissioning obligations have been named in the North Sea Transition Authority’s (NSTA) first published table of the North Sea well decommissioning deficit. The table displays operators who have missed their consent deadlines for fully decommissioning a total of 153 inactive wells. -
01 Dec 25
Nigeria TotalEnergies sells interest in two exploration blocks offshore Nigeria to Chevron
TotalEnergies EP Nigeria has signed a farmout agreement to sell to Star Deep Water Petroleum, a Chevron company, a 40% participation in the PPL 2000 and PPL 2001 exploration licenses, offshore Nigeria. -
01 Dec 25
UK: RenewableUK welcomes Chancellor’s Budget commitments to cut energy bills, speed up planning system and remove hydrogen tax
Commenting on the Chancellor’s Budget announcements, RenewableUK’s Deputy Chief Executive Jane Cooper said: 'We’re pleased to see the Chancellor has supported our call to drive domestic electricity bills down by moving some energy policy costs into general taxation. It’s fairer, as it’s based on people’s ability to pay, so families on low incomes will benefit most. -
01 Dec 25
Wood announces appointment of new Group Chief Financial Officer
John Wood Group has announced the appointment of Jade Moore to the Company’s Executive Leadership Team as Group Chief Financial Officer ('CFO'), effective immediately. -
01 Dec 25
UK: RWE to build its largest battery energy storage facility in the UK
RWE, the UK’s leading electricity generator, and the largest power producer in Wales, is powering ahead with its largest UK storage project -Pembroke Battery Storage, taking a final investment decision. -
01 Dec 25
Fugro and Fermi partner on accelerated clean energy site development
Fugro and Fermi Development have entered a strategic partnership to deliver a portfolio of development projects in the UK, suitable for small or advanced modular reactors. -
01 Dec 25
Zenith Energy announces half year results
Zenith Energy, the listed international energy production and development company, has published its consolidated half-yearly unaudited financial results for the six months ended September 30, 2025. -
01 Dec 25
Cadeler strengthens balance sheet with additional unsecured Green Corporate Loan Facility
Cadeler has further strengthened its financial position with the addition of a second unsecured green corporate term loan facility in the aggregate amount of EUR 60 million with a non-committed accordion option of up to EUR 80 million. -
01 Dec 25
UK: Equinor and Shell complete formation of Adura
Equinor and Shell have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today, will be the UK North Sea’s largest independent producer. -
01 Dec 25
UK: Subsea7 awarded decommissioning contract offshore UK
Subsea 7 has announced the award of a sizeable contract by Ithaca Energy, for the provision of off-station decommissioning services for the Alba Floating Storage Unit and Greater Stella field FPF-1 production facility, approximately 230 kms east of Aberdeen. -
01 Dec 25
Argentina: Archer secures drilling contract in Vaca Muerta with estimated value of $600 million
Archer has announced the signing of a new five-year contract with YPF for the provision of drilling services in Vaca Muerta, Argentina. The contract, with an estimated value of $600 million, covers the provision and operation of seven advanced drilling rigs. -
01 Dec 25
UK: Centrica completes Grain LNG acquisition
Centrica has announced completion of its Grain LNG acquisition in partnership with Energy Capital Partners ('ECP') from National Grid for an enterprise value of £1.5 billion. After taking into account £1.1 billion of new non-recourse project finance debt, Centrica's 50% share of the equity investment is approximately £200 million. -
01 Dec 25
TGS awarded OBN contract in Europe
TGS, a leading provider of energy data and intelligence, has announced the award of an OBN contract in Europe. The company’s node-on-a-rope crew is scheduled to mobilize early May 2026, and the contract has a duration of approximately 60 days. -
01 Dec 25
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on steady global economic outlook
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 30 November 2025, to review global market conditions and outlook. The eight participating countries reaffirmed their decision on 2 November 2025 to pause production increments in January, February, and March 2026. -
01 Dec 25
Finland: Fortum acquires 4.4 GW of Finnish Wind Projects from ABO Energy
ABO Energy has completed the sale of a 4.4-gigawatt (GW) wind energy portfolio in Finland to Fortum, a leading Finnish energy company. The transaction, which closed on November 28th, includes 29 wind power projects across the country. -
01 Dec 25
UK: Dogger Bank Wind Farm and Seaway7 mark completion of all foundations on world’s largest offshore wind farm
Dogger Bank Wind Farm and delivery partner Seaway7 have installed all 277 transition pieces on Dogger Bank Wind Farm, marking the completion of all foundation installation work on the 3-phase offshore wind project in the North Sea. -
01 Dec 25
South Africa: ACCIONA Energía sells two assets in South Africa to Cennergi
ACCIONA Energía has reached an agreement with Cennergi, Exxaro Resources wholly owned subsidiary and one of South Africa’s leading renewable energy producers, for the sale of its stake in two renewable energy assets totaling 232MW of capacity, for an enterprise value (EV) of €255 million. The two projects are Gouda wind farm (138MW) and Sishen photovoltaic plant (94MWp) -
01 Dec 25
UK: Government’s Gas Supply Security Assessment shows need for immediate Energy Profits Levy reform
Offshore Energies UK says the government’s own figures on Gas Security, released on the same day as the Budget, underline both a national energy security risk and the damage of its policies on North Sea energy. The leading trade body is intensifying its campaign for a homegrown energy future. -
01 Dec 25
Brazil: Petrobras approves Business Plan 2026-2030
Petrobras has approved the 2026-2030 Business Plan (PN 2026-30). In the PN 2026-30, Petrobras maintains the strategies defined in the Strategic Plan 2050 (PE 2050) and reaffirms its vision of being the best diversified and integrated energy company in generating value. -
01 Dec 25
Norway: Aker Solutions awarded substantial M&M contract by ConocoPhillips for the Eldfisk and Ekofisk fields offshore Norway
Aker Solutions has signed a six-year frame agreement with ConocoPhillips Skandinavia, which includes an option to extend the contract for up to two additional three-year periods. The contract is an extension for brownfield maintenance and modification (M&M) services on the Eldfisk and Ekofisk fields offshore Norway -
01 Dec 25
Suriname: Staatsolie initiates seismic study in shallow offshore
On November 20, 2025, seismic research began in the shallow offshore area off the coast of Saramacca and Coronie. The survey is an important step in further exploiting Suriname's offshore oil and gas potential, aligning with the Open-Door Offering that started on November 24, 2025. The project is executed by BGP Offshore and TGS. -
01 Dec 25
US: Allseas to install 500-km pipeline system for Enbridge in US Gulf
Allseas will deliver major new deepwater crude oil and natural gas export systems for Enbridge Offshore Facilities in the central Gulf of America, expanding transport capacity and strengthening critical subsea infrastructure for future energy production.
