Latest News
-
21 Jul 25
Turkey: Hunting awarded $31 million subsea order for the Black Sea
Hunting, the precision engineering group, has been awarded an order totalling $31 million for its titanium stress joints ('TSJs'), which forms part of a phase three deepwater gas development in the Turkish area of the Black Sea. -
21 Jul 25
UK: EnergyPathways engages Siemens Energy for MESH: offshore hydrogen, compressed air and gas energy storage project
AIM-listed EnergyPathways, an energy transition company, has announced that Siemens Energy has been engaged to carry out a feasibility assessment in support of the Company's planned large-scale integrated energy storage and decarbonisation project, MESH. -
21 Jul 25
Algeria: SONATRACH signs a Head Of Agreement with Sinopec regarding potential hydrocarbon agreements in the Gourara and East Berkine basins
SONATRACH and its Chinese partner Sinopec have signed a Head Of Agreement aimed at outlining the framework of cooperation between the parties, with a view to concluding one or several hydrocarbon agreements in the areas of interests located in the Basins of Gourara and East Berkine, and ultimately assess and develop hydrocarbon resources in the relevant zones. -
21 Jul 25
RWE and The Oyster Restoration Company complete feasibility project for large-scale native oyster restoration
RWE, one of the world’s leading offshore wind companies, and The Oyster Restoration Company (TORC) have successfully completed a feasibility project that proves large-scale native oyster reef restoration can be executed at offshore wind farms in the North Sea. -
21 Jul 25
US: Mosman Oil and Gas provides update on Sagebrush helium project in Colorado, USA
AIM-listed Mosman Oil and Gas, the helium, hydrogen, and hydrocarbon exploration, development, and production company, has provided an update on the Sagebrush helium project in Colorado, USA, where it holds an 82.5% working interest. -
21 Jul 25
Norway: Vår Energi makes commercial gas-condensate discovery near the Fenja field in the Norwegian Sea
Vår Energi has announced a new commercial gas and condensate discovery in the Vidsyn exploration well, located close to the Vår Energi-operated Fenja field in the Norwegian Sea. The discovery is the third commercial discovery for Vår Energi so far in 2025 and will be evaluated as a potential tie-in to Fenja. -
21 Jul 25
BASF and Equinor confirm strategic partnership and sign ten-year natural gas supply agreement
Equinor will supply up to 23 terawatt hours of natural gas (around 2 billion cubic meters) annually to BASF over a ten-year period. The contract secures a substantial share of BASF’s natural gas needs in Europe. -
21 Jul 25
Morocco: Predator Oil & Gas announces commencement of MOU-3 well intervention and rigless testing operations
Predator Oil & Gas has announced that rigless testing operations have commenced at the MOU-3 well at Guercif in Morocco. -
21 Jul 25
Malaysia: PETRONAS strengthens collaboration in Sabah, inks equity deal with SMJ Energy
PETRONAS, through its subsidiary PETRONAS LNG Sdn. Bhd. (PLSB), has signed a Heads of Agreement (HoA) with SMJ Energy to formalise the terms for a 25% equity participation of SMJ Energy in PFLNG 3 Sdn. Bhd. -
21 Jul 25
UK: The UK Government has responded to the following petition: Restart issuing oil and gas licenses in the North Sea
The UK Government has responded to the following petition: Restart issuing oil and gas licenses in the North Sea. 'I would like the Government to reverse the policy of not issuing new contracts to search for and extract oil and gas in the North Sea and British waters.' -
21 Jul 25
UK: Nuclear fusion boost as government sets to unblock planning rules
UK Government confirms the UK will be the first country in the world to develop fusion-specific planning rules. Government backs innovation and growth with plan to develop National Policy Statement to unblock fusion projects. -
21 Jul 25
TGS announces Q2 2025 results
The Company reported that Q2 2025 results were negatively impacted by several factors, including data licensing deals being postponed and low client commitment to ongoing projects. To reduce operating expenses TGS has announced it is in the process of selling the Ramform Explorer and the Ramform Valiant, and stacking the Ramform Vanguard. -
21 Jul 25
Westwood Insight – Top 10 offshore drillers enhance their market position
Following a few years of increasing offshore rig activity, in 2024 the market began experiencing a dip in demand. This dip is not the start of a new down cycle, but rather a mid-cycle correction in a longer-term upcycle. Demand for jackups, semisubs and drillships combined stands at 520 units as of mid-2025, with the marketed committed utilisation rate at 86%. -
21 Jul 25
Chevron completes acquisition of Hess
Chevron has completed its acquisition of Hess following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana asset. Chevron now owns a 30% position in the Guyana Stabroek Block, which has more than 11 billion barrels of oil equivalent discovered recoverable resource. -
21 Jul 25
UK: First UK-German energy link takes shape as NeuConnect begins laying 140km of cabling in UK waters
The £2.4bn/€2.8bn NeuConnect project has reached another key milestone with the world’s largest cable laying vessel – the ‘Prysmian Leonardo da Vinci’ – now in UK waters to install 140km of underwater cabling, bringing the first direct energy link between the UK and Germany another step closer.
