Latest News
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01 Aug 25
UK: SeAH Wind commences commercial production on its inaugural project
SeAH Wind has commenced commercial production for its inaugural project, delivering monopile foundations for Ørsted’s Hornsea 3 Offshore Wind Farm. -
01 Aug 25
China: CNOOC Limited brings on-stream Dongfang 1-1 Gas Field 13-3 Block Development Project
CNOOC Limited has announced that the Dongfang 1-1 Gas Field 13-3 Block Development Project has commenced production. The project is the first high-temperature, high-pressure, low-permeability natural gas project offshore China. -
01 Aug 25
Parkmead Group announces operational update
Parkmead has reported on the successful conclusion of all post-completion tasks in the sale of its UK offshore petroleum licences to Serica Energy, via the previously announced sale of its subsidiary Parkmead E&P Ltd, worth up to a potential £134 million to the Group. -
01 Aug 25
New Zealand reopens for petroleum exploration
Operators will be able to apply for new petroleum exploration permits as early as September following the third reading of the Crown Minerals Amendment Bill, Resources Minister Shane Jones says. The Bill removes the ban on oil and gas exploration beyond onshore Taranaki and better aligns decommissioning settings with international practice. -
01 Aug 25
Pakistan: OGDCL announces discovery at the Chakar-1 exploration well in the Tay Block, Sindh Province
Oil & Gas Development Company Limited (OGDCL), as Operator (95%) of the TAY Exploration License, along with its joint venture partner Government Holdings (Private) Limited (GHPL) with 5% carried interest, has made an oil discovery at the exploratory well Chakar-1, located in District Tando Allah Yar, Sindh Province. -
01 Aug 25
Petrofac announces restructuring and business update
Petrofac has issued an update on its Restructuring Plan and the progress of the business in the six months ending 30 June 2025. -
01 Aug 25
Ireland: Lansdowne Oil & Gas enters into further Convertible Loan Agreements
Lansdowne Oil & Gas has confirmed that the Company has entered into further Convertible Loan Agreements for GBP 100,000, arranged by Tavira Financial Limited, the Company's joint broker, with a number of existing and new shareholders. -
01 Aug 25
Trinidad: EnerMech secures cranes contract extension for bp in Trinidad & Tobago
EnerMech has been awarded a two-year contract extension by bp Trinidad & Tobago to continue providing crane operations on the operator’s 12 offshore platforms in the Caribbean country. -
01 Aug 25
BW Energy announces second quarter and first half 2025 results
BW Energy delivered strong operational performance in the first half of 2025, driven by high production uptime, competitive cost levels, and a solid safety record. The Company’s project portfolio continues to advance, with final investment decisions taken on both the Maromba development and the Golfinho Boost project. -
01 Aug 25
US: Department of the Interior curbs preferential treatment for wind energy
In alignment with President Donald J. Trump’s directives, the Department of the Interior is ending special treatment for unreliable energy sources, such as wind. This includes evaluating whether to stop onshore wind development on some federal lands and halting future offshore wind lease sales. The Department will also study how constructing and operating wind turbines might affect migratory bird populations. -
01 Aug 25
Namibia: ReconAfrica provides corporate update and announces that the Kavango West 1X well has started drilling
Reconnaissance Energy Africa has announced that the Kavango West 1X exploration well is currently drilling and provides a corporate update on ongoing operations. -
01 Aug 25
UK: Long term investor Mitsui group acquires The Port of Nigg and fabrication and access companies from Global Energy Group
Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies - including The Port of Nigg - to long term investor, Mitsui & Co. Europe, a subsidiary of Mitsui & Co., together with, Mitsui O.S.K. Lines Ltd (MOL). -
01 Aug 25
Indonesia: MedcoEnergi commences first production from the Terubuk WHP-M Project
MedcoEnergi, through its subsidiary Medco E&P Natuna, has announced the successful first production from the Terubuk Well Head Platform (WHP) M Project in the South Natuna Sea Block B, which began on July 25. This project increases Terubuk's production capacity to 6,600 bopd of oil and 60 mmscfd of gas. -
01 Aug 25
Canada: Uniper and Tourmaline sign long-term natural gas supply agreement
German energy company Uniper and Tourmaline Oil Corp, Canada’s largest producer of natural gas, have finalized an eight-year physical gas agreement for 80,000 Metric Million British Thermal Units (MMBtu) per day beginning in November 2028. -
01 Aug 25
Guyana: Strohm completes the first 13 jumpers for ExxonMobil in Guyana
In a first for both the region and the client, Strohm has completed fabrication of the first 13 water alternating gas injection (WAG) thermoplastic composite pipe (TCP) Jumpers as part of its innovative Jumper on Demand concept, for ExxonMobil’s Yellowtail field offshore Guyana. -
31 Jul 25
Romania: Vestas signs 269 MW order to complete second phase of Romania’s largest wind farm
First Look Solutions S.R.L., a subsidiary of Rezolv Energy, has placed a 269 MW order with Vestas to complete the second phase of Vifor wind farm in Buzau Country, Romania. Once both phases are fully operational, the Vifor project will become the largest wind farm in Romania and one of the largest onshore wind farms in Europe, with a total capacity of 461 MW. -
31 Jul 25
Valaris reports second quarter 2025 results
Valaris has reported second quarter 2025 results. The Company reports Total operating revenues of $615 million, with revenue efficiency of 96%; Net income of $114 million; Adjusted EBITDA of $201 million. -
31 Jul 25
UK: RenewableUK welcomes Scottish Government's decision to grant consent to Berwick Bank offshore wind farm
Commenting on the Scottish Government's decision to grant a consent order for SSE Renewables' Berwick Bank offshore wind farm, which will stand at a capacity of 4.1GW, enough to power more than six million homes each year, RenewableUK's Deputy Chief Executive Jane Cooper said the approval is a pivotal milestone for Britain’s energy transition. With 307 turbines, this will be one of the world’s largest wind farms.
