Latest News
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21 May 25
UK: Renewable energy industry welcomes new consultation on community benefits
RenewableUK’s Head of Policy James Robottom commented on the Government’s announcement of a new consultation on community benefits across the energy sector. -
21 May 25
Norway: Merlin Energy offers support for the recently announced APA 2025 Round in Norway
Merlin has been supporting its Norwegian clients for more than a decade with preparations for submissions, whether that be technical work that supports a go/no go decision or work that feeds directly into an application document. We are currently carrying out technical work in both the Norwegian North Sea and Norwegian Sea. -
21 May 25
Colombia: Statkraft to sell Enerfín Colombia to Ecopetrol
Statkraft has signed an agreement to sell Enerfín Colombia, its renewables portfolio in Colombia, to the country’s national oil company Ecopetrol. Enerfín Colombia was established in 2016. The transaction includes staff, eight projects under development, and the 130 MW Portón del Sol solar plant. This plant entered into operation over a year ago and was the first utility-scale solar plant in Colombia. -
21 May 25
Subsea7 awarded contract offshore West Africa
Subsea 7 has announced the award of a sizeable subsea contract in West Africa. Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of a floating production, storage and offloading (FPSO) vessel as well as the pre-laying activities for an upcoming drilling campaign. -
21 May 25
High Court sanctions Petrofac's Restructuring Plan
Petrofac has announced that it has received formal approval from the High Court of England and Wales to implement its Restructuring Plan. -
21 May 25
UK: Ithaca Energy announces Q1 update and results for the three months to 31 March 2025
Ithaca Energy has announced its unaudited financial results for the three months ended 31 March 2025. The Company reports record quarterly production and adjusted EBITDAX, reflecting the operating capacity of the Group's enlarged portfolio. -
21 May 25
UK: Europa Oil & Gas announces Revenue Swap Agreement
Europa Oil & Gas, the AIM quoted West Africa, UK and Ireland focused oil and gas exploration, development and production company, has entered into a Revenue Swap Agreement ('RSA') with a Canadian investment company, whereby Europa will pay an amount equating to 4.5% of the gross revenues resulting from the oil production of the Wressle 1 well to the Investor in consideration for US$500,000, which is paid upfront. -
21 May 25
US: Pantheon Resources announces further results from the flow testing of the Megrez-1 well on Alaska's North Slope
Pantheon Resources, an oil and gas company developing the Kodiak and Ahpun oil fields in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, has announced the completion of Megrez-1 flow testing. -
21 May 25
Panoro Energy announces first quarter 2025 trading and financial update
Panoro Energy has announced first quarter operational and financial performance in line with guidance. Q1 performance was in line with guidance and we achieved good operational momentum into 2025. Group production was steady quarter-on-quarter at ~12,000 bopd, with 2P reserves having increased by 22 percent year-on-year and further exploration success with the Bourdon discovery offshore Gabon. -
21 May 25
Prosafe SE reports first-quarter results 2025
Prosafe SE reported EBITDA of USD 4.6 million (USD 7.2 million) for the first quarter of 2025. The company had four active vessels during the quarter. -
21 May 25
Edda Wind: Q1 2025 - A good start to the new year with solid operational utilisation
Edda Wind has published its quarterly results for Q1 2025. The Group delivered consolidated revenue of EUR 19.5m (EUR 2.5m above Q1 2024) and consolidated EBITDA of EUR 6.9m (EUR 6.4m above Q1 2024 excl. gain on sale of assets in Q1 2024). -
21 May 25
Velesto secures new drilling contract for NAGA 4 in Vietnam
Velesto Energy has been awarded a drilling contract by Phu Quoc Petroleum Operating Company in Vietnam. Under the contract, Velesto’s NAGA 4 jack-up rig will undertake drilling activities for more than 40 wells. -
20 May 25
Namibia: GEO Exploration reports significant resource upgrade to 4.31 billion barrels (Mean) in PEL 94 Licence, offshore Namibia
AIM-listed GEO Exploration has announced the results of an independent geoscience evaluation of Licence PEL 94 (Block 2011A), offshore Namibia. The Company reports a 23 % uplift in unrisked licence-wide prospective resources to c. 4.31 billion barrels (mean). -
20 May 25
Brazil: Petrobras signs R$8.4 billion contract for underwater interconnection of Búzios 11 Project
Petrobras has signed an engineering, acquisition, construction and subsea installation (EPCI) contract with Subsea7 for the Búzios 11 Project, worth R$8.4 billion, as a result of a competitive contracting process. -
20 May 25
Norway: Cloudberry announces strategic asset sale of Svåheia Wind Farm
Cloudberry has sold its 80% ownership in the Svåheia wind farm to Dalane Kraft. Svåheia wind farm, located in the NO-2 region in Norway, comprises seven producing Vestas turbines with an estimated annual production of 70 GWh, having been in commercial operation since 2018 and is under the Norwegian resource rent tax regime. -
20 May 25
Gabon: BW Offshore and BW Energy have announced that operations and maintenance of the FPSO BW Adolo have been handed over to BW Energy Gabon
BW Offshore and BW Energy have announce that, with effect from 20 May 2025, operations and maintenance ('O&M') of the FPSO BW Adolo have been handed over to BW Energy’s subsidiary, BW Energy Gabon. The unit remains deployed on the Dussafu Marin licence offshore Gabon, where it has produced safely since first oil in 2018.
