Latest News
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25 Jul 26
US: Vitol sells VTX Energy Partners to Verde Operating Company
Vitol has agreed to sell its US upstream company, VTX Energy Partners, to Verde Operating Company, for an undisclosed sum. VTX was created in 2022 by Vitol and the former ATX management team, led by Gene Shepherd and Erik Hoover. Today, VTX is a successful operation, producing 60,000 barrels of oil equivalent a day in the southern Delaware Basin, spanning Reeves and Pecos counties, Texas. -
24 Jul 26
Norway: Equinor drills oil discovery near the Johan Castberg field (7220/5-EC-2 H)
Equinor and its partners have made an oil discovery in the 'Skrugard North Tubåen' prospect in the Barents Sea. The wildcat well was drilled around 6 kms north of the 7220/8-1 discovery well on the Johan Castberg field. -
24 Jul 26
Burnham set to fast-track North Sea project decisions
Prime Minister Andy Burnham is preparing to move quickly on decisions over the Jackdaw and Rosebank developments, with industry sources indicating approvals could be granted within weeks. -
24 Jul 26
TenneT continues to expand the grid and unlock additional flexibility
Tennet reports progress on strategic grid expansion projects, bringing new infrastructure into operation in the Netherlands and advancing critical energy hub developments in Germany. -
24 Jul 26
France: BW Ideol and NGE join forces in the Mediterranean
BW Ideol, a leader in floating offshore wind and designer of the Damping Pool® concrete floating foundation, and NGE, France's 4th largest construction group, have announced the signing of an exclusive partnership agreement covering the Mediterranean floating wind market. -
24 Jul 26
UK: RWE launches pioneering peatland study to unite biodiversity with sustainable power generation
RWE has launched an innovative new peatland research project aimed at improving how peat is managed and restored during renewable energy developments. The initiative reflects RWE's commitment to protecting and enhancing the natural environment. -
24 Jul 26
GTT Marine to equip the PETRONAS-chartered LNG carrier fleet with its integrated suite of digital vessel performance solutions
GTT Marine, a division of the GTT Group, has announced that it will equip the PETRONAS-chartered LNG carrier fleet with its suite of digital solutions. As part of this collaboration, GTT Marine will support PETRONAS in implementing an integrated approach to overall vessel performance, helping to enhance operational efficiency, control costs and reduce emissions. -
24 Jul 26
UK: Consenting application opens the door to more than £4bn strategic transmission investment
SP Energy Networks has submitted a Section 37 consent application to Scottish Ministers for proposals to make significant upgrades to the electricity transmission between Denny in Stirlingshire and Wishaw in Lanarkshire. The project is part of a wider programme of upgrades to the electricity network across the UK and is essential in moving renewable electricity around the country, from where it is generated to where it is needed -
24 Jul 26
Expro completes Enhanced Drilling acquisition
Energy services provider Expro has completed the acquisition of Enhanced Drilling, a technology leader in managed pressure drilling (MPD), bringing a differentiated capability into its portfolio and marking a significant step in expanding its offering across the well lifecycle. The total consideration was approx. two billion Norwegian kroner in cash. -
24 Jul 26
PNG: ABL awarded FSO installation job in Papua New Guinea
ABL has secured an agreement with Oil Search (PNG), a subsidiary of Santos, as the operator of the PNG Oilfields Projects, to provide services linked to a new floating storage and offloading ('FSO') facility. -
23 Jul 26
Valeura Energy enters into a revolving and expandable credit facility
Valeura Energy has entered into a revolving and expandable credit facility with a syndicate of leading international banks and a global commodities trading house. The Facility is a revolving credit line of up to US$75 million, and includes an uncommitted accordion feature allowing total commitments to be increased by up to a further US$250 million, to US$325 million in aggregate. -
23 Jul 26
Croatia: INA records another success on North Adriatic gas fields
INA has launched a new development drilling campaign in the North Adriatic, marking the start of an investment cycle worth approx. EUR 65 million. The investment covers the construction of a total of five new gas wells. -
23 Jul 26
US: Matador Resources Company announces strategic Delaware Basin acquisitions and successful Woodford exploration well results
Matador Resources Company has announced two of its catalysts for this year. First, a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire Paloma Permian LLC, a portfolio company of EnCap Investments, and secondly, Matador agreed to acquire primarily undeveloped acreage in what it believes to be the heart of the Woodford play in West Texas and Southeast New Mexico from Ridge Runner Resources.
