Latest News
-
06 May 25
Norway: Multiconsult signs contract with Aker Solutions for new phase at Northern Lights
Multiconsult Norge has been awarded a contract by Aker Solutions to deliver engineering and architectural services for the next phase of the Northern Lights carbon capture project in Øygarden. For Multiconsult, the scope of work includes detailed design and construction site monitoring of the substation, foundation of the process plant and the outdoor area. -
06 May 25
UK: Star Energy partners with Veolia to develop large scale geothermal projects to decarbonise energy
AIM-listed Star Energy Group has signed a memorandum of understanding with Veolia, Europe's decarbonising energy leader, to develop large-scale geothermal projects. The new partnership will help to deliver the UK's net zero goals by using the constant, reliable, renewable and low-carbon energy source from the ground. -
06 May 25
Challenger Energy announces operational update
Challenger Energy Group, the Atlantic margin focused energy company, has provided an operational update on its operations in Uruguay and Trinidad. -
06 May 25
Kosmos Energy announces Q1 2025 results
Kosmos Energy has announced its financial and operating results for the first quarter of 2025. For the quarter, the Company generated a net loss of $111 million. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of $105 million. -
06 May 25
Morocco/Trinidad: Predator Oil & Gas announces operational update and extension for completion of CEG Trinidad acquisition
Predator Oil & Gas Holdings, the Jersey-based Oil and Gas Company with near-term hydrocarbon operations and production focussed on Morocco and Trinidad, has provided an operational update. -
06 May 25
US: Helium One Global announces Jackson-2 well drilled to TD and free gas confirmed
Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, has provided an update following the Blue Star Helium announcement issued today regarding the Galactica Project. -
06 May 25
South Africa: Eco (Atlantic) Oil & Gas provides update on Block 1, Orange Basin, South Africa
Eco (Atlantic) Oil & Gas, an Atlantic Margin-focused oil and gas exploration company, has provided an update on activities in its entry into Block 1 offshore South Africa, located in the proven and highly prospective Orange Basin, following its farm-In agreement with Tosaco Energy. -
06 May 25
Solstad Offshore announces contract award for Normand Turquesa
Solstad Offshore has announce a 4-year contract award with Petrobras, subject to board approval, for the Anchor Handling Tug Supply (AHTS) Normand Turquesa. -
06 May 25
India: Shell, Reliance, and ONGC set benchmark with India’s first offshore facilities decommissioning project
In a landmark achievement for India’s energy sector, the Panna-Mukta and Tapti (PMT) joint venture partners - Shell (through BGEPIL), Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Limited (ONGC) have successfully completed the country’s first offshore facilities decommissioning project with the safe removal of mid and south Tapti field facilities. -
06 May 25
UAE: ADNOC Drilling awarded $806 million long-term contract for three newbuild island rigs
ADNOC Drilling has been awarded a contract for three island rigs by ADNOC Offshore for an estimated total contract value of $806 million to support expanding operations at the offshore Zakum development project. These three rigs are in addition to three ordered in July 2024. -
05 May 25
Denmark: Construction begins on Greensand’s CO2 transit terminal at Port Esbjerg - The first gateway for Carbon storage in the EU
Construction has started on Greensand’s Carbon Dioxide transit terminal at Port Esbjerg in Denmark. Once operational, the terminal will be a critical component in what is expected to become the EU’s first CO2 storage facility aimed at mitigating climate change. -
05 May 25
Egypt: Scatec starts construction of large scale solar and battery storage project in Egypt
Scatec has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt. The energy will be sold under a USD-denominated 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC), backed by a sovereign guarantee. -
05 May 25
Libya: Eni CEO Claudio Descalzi meets the Prime Minister of the Libyan Government of National Unity Abdul Hamid Mohammed Dbeibeh
The Prime Minister of the Libyan Government of National Unity, Abdul Hamid Mohammed Dbeibeh, and Eni’s CEO, Claudio Descalzi, met in Tripoli to review the progress of activities in the Country, namely the three projects sanctioned in 2023: Sabratha Compression, Bouri Gas Utilization Project and Bahr Essalam Structures A&E. -
05 May 25
Germany: Vestas announces new 65 MW order in Germany
Vestas has announced a 65 MW order in Germany as part of its Q2 order intake. Delivery is planned to begin in Q4 2026, with commissioning scheduled for Q2 2027. Customer is Lindenhof GmbH and project name is Kloddram. -
05 May 25
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability and adjust production upward
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, will implement a production adjustment of 411 thousand barrels per day in June 2025 from May 2025 required production level. -
05 May 25
Valaris announces sale of Jackup VALARIS 247 to BW Energy for $108 million
Valaris has agreed to sell jackup VALARIS 247 to BW Energy (BWE) for cash proceeds of approx. $108 million. As part of the sales agreement, BW Energy will be restricted from using the rig outside of BWE-owned or affiliated properties for the rig’s expected remaining useful life. -
05 May 25
Valaris announces contract award for drillship VALARIS DS-15
Valaris has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15. The contract is expected to commence in the third quarter 2026. The total contract value, based on an estimated duration of 250 days, is approx. $135 million. -
05 May 25
Brazil: Petrobras doubles processing capacity at UPGN in Boaventura Energy Complex
The second module of the Natural Gas Processing Unit (UPGN) of the Boaventura Energy Complex, located in Ita ltaboraí (RJ), has begun commercial operations. The Boaventura UPGN is part of Petrobras' Rota 3 Integrated Project, through which natural gas from production fields such as Tupi, Búzios, Sapinhoá, among others, is transported.
