energy-pedia – upstream oil & gas news for EP professionals

10 Aug 25

Guyana: FPSO ONE GUYANA producing and on hire
FPSO ONE GUYANA is the fourth and largest FPSO that SBM Offshore operates in Guyana and builds on the excellent operational performance of FPSOs Liza Destiny, Liza Unity and Prosperity.

10 Aug 25

MOL Group H1 2025 results: Slowing regional macroeconomic environment impacts performance
MOL Group profit before tax reached USD 236 mn in the second quarter of 2025, down by 56% year-on-year due to lower operating profits but supported by finance gains. Upstream’s performance was influenced by decreasing oil and gas prices, while production remained at high levels.

10 Aug 25

UK: Energy bills cut for communities helping electrify Britain
People living near pylons to get £2,500 off electricity bills over 10 years, as smart meter plans are unveiled to give consumers better rights and compensation.

10 Aug 25

US: Interior Department Moves to Cancel Reckless Biden-era Approval of Lava Ridge Wind Project
The US Department of the Interior Secretary Doug Burgum is restoring common sense to American energy policy by reversing the Biden administration’s misguided, last-minute push to approve the Lava Ridge Wind Project, an enormous and unpopular 1,000-megawatt wind facility in southern Idaho, during the final days of the former president’s term.

10 Aug 25

US: Interior launches overhaul of offshore wind rules to prioritize American energy security
The US Department of the Interior is launching a full review of offshore wind energy regulations to ensure alignment with the Outer Continental Shelf Lands Act and America’s energy priorities under President Donald J. Trump.

10 Aug 25

Seadrill announces Q2 2025 results
Seadrill has announced its second quarter 2025 results. The Company reported a net loss of $42 million and Adjusted EBITDA of $106 million.

10 Aug 25

Thailand: Chevron and BCPR announce collaboration on Block G2/65
In 2023, Chevron was awarded the production sharing contract (PSC) for Exploration Block G2/65 in the Gulf of Thailand by the Department of Mineral Fuels, Ministry of Energy. Chevron has transferred 30% of its rights and obligations under the PSC to BCPR, a Bangchak Group affiliate.

10 Aug 25

Indonesia: KBR awarded FEED contract for Abadi Onshore LNG project in Indonesia
KBR has been awarded a contract by INPEX Masela Ltd, to provide front-end engineering design (FEED) for onshore liquefied natural gas facilities for the Abadi LNG project in Indonesia.

09 Aug 25

Guyana: ExxonMobil Guyana begins production at fourth offshore Guyana project
ExxonMobil Guyana has started production at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900,000 barrels of oil per day.

08 Aug 25

UK: Public consultation opens on Yorkshire oil and gas site
Europa Oil and Gas has applied to the Environment Agency for an environmental permit to construct a temporary wellsite to assess gas potential. The operator has an environmental permit for drilling wells and long-term oil and gas production at its site in Burniston, North Yorkshire. It is proposing to construct a temporary wellsite, Cloughton 2, for drilling a test borehole to assess gas potential.

08 Aug 25

UK: National Grid prepares for two major supergrid transformer deliveries in London
National Grid is set to deliver two supergrid transformers (SGTs) to key substations in central and east London this August, as part of ongoing investment to strengthen and futureproof the capital’s electricity transmission infrastructure.

08 Aug 25

VAALCO Energy announces Q2 2025 results
VAALCO Energy has reported operational and financial results for the second quarter of 2025. Vaalco reported net income of $8.4 million for Q2 2025 which was up compared with net income of $7.7 million in Q1 2025 and down 70% compared with net income of $28.2 million in Q2 2024.

08 Aug 25

TGS awarded streamer acquisition contract in the East Mediterranean
TGS, a leading provider of energy data and intelligence, has announced the award of a streamer acquisition contract in the East Mediterranean. Acquisition is scheduled to commence in Q3 this year and the contract has a duration of approx. 30 days.

08 Aug 25

UK government opens application window for CfD Allocation Round 7
The UK government has officially opened the application window for the latest round of its flagship Contracts for Difference (CfD) scheme, aimed at accelerating the transition to clean energy and strengthening the country’s energy security. The AR7 application window runs from 7 August to 27 August 2025.

08 Aug 25

Germany: VSB receives permit for repowering of Lehmden Wind Farm
In the municipality of Rastede in Lower Saxony, green energy will continue to be produced at the Lehmden Wind Farm. Project developer VSB, based in Osnabrück, is repowering the existing turbines, increasing total capacity from 3.6 megawatts (MW) to 18 MW under the project name VSB Windpark Liethe-Lehmden. Construction is expected to commence in November 2026.

08 Aug 25

Germany: MET Group commissions its first solar park in Germany
Swiss-based integrated energy company MET Group has announced the successful commissioning and start of commercial operations of its first solar power plant in Germany. The Kentzlin solar park, located in the state of Mecklenburg-Western Pomerania, is now supplying renewable electricity to the German grid.

08 Aug 25

AIQ and SLB to advance development and deployment of agentic AI solution across ADNOC’s subsurface operations
Global energy technology company SLB and AIQ, the Abu Dhabi-based AI champion for the energy sector, will closely collaborate to advance AIQ’s continued development and deployment of its ENERGYai agentic AI solution across ADNOC’s subsurface operations.

07 Aug 25

Germany: PNE sells Sundern-Allendorf wind farm to Encavis
PNE has sold the wind farm project in Sundern-Allendorf, Sauerland, to Hamburg-based Encavis. The wind farm is currently still under construction. It consists of five wind turbines and has a total output of 34 megawatts.

07 Aug 25

UK: Reabold Resources provides operations update on West Newton PEDL183 and and early monetisation potential through cryptocurrency mining
Reabold Resources has provided an update on West Newton (PEDL183), including initial plans for early monetisation of gas production through a new cryptocurrency mining operation.

07 Aug 25

APA Corporation announces Q2 2025 financial and operational results
APA reported net income attributable to common stock of $603 million. When adjusted for items that impact the comparability of results, APA’s second-quarter earnings were $313 million. Net cash provided by operating activities was $1.2 billion and adjusted EBITDAX was $1.3 billion.

07 Aug 25

Vestas wins 274 MW order in Canada from EDF power solutions North America
Vestas has received a 274 MW order from EDF power solutions North America to supply 25 EnVentus V162-6.0 MW wind turbines and 20 EnVentus V162-6.2 MW wind turbines for the Madawaska wind project in Québec, Canada including a 10-year Active Output Management (AOM) 5000 service agreement.

07 Aug 25

UK: Government Clean Power 2030 target under strain warns Offshore Energies UK
A record-breaking wind generated energy capacity of 8.4GW plus, must be approved in the latest annual auction for licences (AR7) which opened today (Aug 7), if the UK is to meet its 2030 Clean Power target, warns Offshore Energies UK.

07 Aug 25

Germany: Vestas secures 74 MW order in Germany
Vestas has secured a 74 MW order in Germany as part of its Q3 order intake. Delivery planned to begin in Q3 2026 with commissioning scheduled for Q4 2026.

07 Aug 25

UK: Major boost for floating offshore wind in the Celtic Sea as White Cross receives full consent
Leading offshore wind developers Flotation Energy and Cobra have announced that their pioneering Celtic Sea floating offshore wind project, White Cross, has been granted full onshore and offshore planning approval.

07 Aug 25

Germany: Wind Europe comments on the results of Germany's second offshore wind auction in 2025
Germany has announced the results of its second offshore wind auction in 2025. Two offshore wind sites in the North Sea with a total capacity of 2.5 GW were on offer. But the auction failed: not a single offshore wind project bid in. That’s a clear signal from the industry: Germany’s offshore wind auction design is not fit for purpose.

07 Aug 25

Cote d'Ivoire: Infinity Power signs concession agreements for Scaling Solar Côte d'Ivoire
Infinity Power and the Government of Côte d'Ivoire have entered into two concession agreements for landmark solar photovoltaic (PV) projects, as part of the World Bank’s Scaling Solar Programme.

07 Aug 25

Netherlands: Shelf Drilling announces new long-term contract in the Dutch North Sea
Shelf Drilling has announced that a subsidiary of Shelf Drilling (North Sea) has secured a contract for the Shelf Drilling Winner jack-up rig with Tenaz Energy for operations in the Netherlands.

07 Aug 25

UK: Union Jack Oil provides operations update on West Newton PEDL183 and early monetisation potential through cryptocurrency mining
Union Jack Oil, a USA and UK focused onshore hydrocarbon production, development, exploration and investment company, has provided an update on West Newton (PEDL183), including initial plans for early monetisation of gas production through a new cryptocurrency mining operation.