Latest News
-
28 Jan 26
Borr Drilling completes acquisition of five premium jack-up rigs
Borr Drilling has completed its previously announced acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million. -
28 Jan 26
US: Buccaneer Energy completes a reserve valuation update in connection with its credit facility with WAFD Bank
AIM-listed Buccaneer Energy, the international oil & gas exploration and production company with a portfolio of production and development assets in Texas, USA, has completed a reserve valuation update in connection with its credit facility with WAFD Bank, formerly Washington Federal Savings and Loan. -
28 Jan 26
Oman: SLB awarded multi-year contracts to support Oman’s energy development
SLB has been awarded two five-year contracts by Petroleum Development Oman (PDO) to supply wellheads and artificial lift technologies for operations in Block-6, Oman’s largest oil and gas concession, while advancing in-country value (ICV). -
28 Jan 26
UK: Government saves 300 jobs on the Isle of Wight
Government intervention alongside investment from Vestas has saved over 300 jobs at their Isle of Wight factory, securing its future as the UK’s only dedicated onshore wind blade plant. -
28 Jan 26
Norway: OKEA and partners discover petroleum in the 'Knockando Fensfjord' prospect in the North Sea
OKEA and its partners have discovered petroleum in the 'Knockando Fensfjord' prospect in the North Sea. Wellbore 31/4-A-15 D started producing from the 31/4-A-1 B ('Talisker') discovery on 11 January 2026. The licensees are now considering opportunities for developing 'Knockando Fensfjord'. -
28 Jan 26
UK: The Jobs Foundation publishes new report on the ‘Cliff Edge’ of the energy transition
This latest report looks at both the effect of government policy on the energy sector, as well as the ramifications that has had on jobs and on communities – with the community in this case being the city of Aberdeen. -
28 Jan 26
UK’s clean energy pact with European neighbours will boost energy security and reduce bills
RenewableUK’s Deputy Chief Executive Jane Cooper comments on the clean energy security pact made by the UK Government and other European countries at the North Sea Summit in Hamburg, which will deliver major new offshore wind projects in shared waters. -
28 Jan 26
Italy: Prospex Energy provides update on the Selva Malvezzi production concession
Prospex Energy, the AIM quoted investment company focused on European gas and power projects, has provided an update from the Selva Malvezzi production concession in Italy following the publication by Po Valley Energy of its Q4-2025 activity report for the period ending 31 December 2025. -
28 Jan 26
Jamaica: United Oil & Gas announces commencement of MBES operations - Walton Morant Licence, Jamaica
AIM-listed United Oil & Gas has announced the commencement of Stage 1 of its planned Surface Geochemical Exploration ('SGE') programme on the Walton Morant Licence, offshore Jamaica, with Multibeam Echosounder ('MBES') operations now underway. -
28 Jan 26
Colombia: Arrow Exploration announces appraisal well M-8 results
Arrow Exploration, the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, has provided an update on the operational activity at the Mateguafa Attic field on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest. -
28 Jan 26
Cadeler signs preferred supplier agreement for foundation installation in 2028
Cadeler has signed a preferred supplier agreement (PSA) with an undisclosed client for the transportation and installation (T&I) of monopiles and transition pieces at a large offshore wind farm located in European waters. -
28 Jan 26
Woodside announces fourth quarter report for period ended 31 December 2025
Woodside has announced its fourth quarter report for period ended 31 December 2025. Woodside Acting CEO Liz Westcott said the company delivered strongly against its 2025 business objectives, outperforming production guidance while advancing key growth projects. -
27 Jan 26
Baltic CO2 Infrastructure Development strengthened with UK CCUS System Design Expertise
Progressive Energy (UK) and Pipe58 AB (SE) have signed a Memorandum of Understanding (MoU) to jointly advance Highway58, a transformative cross-border carbon capture, utilisation and storage (CCUS) initiative designed to accelerate industrial decarbonisation across the Baltic Sea region. -
27 Jan 26
UK: Next phase of UK deepwater wind test site development begins
The European Marine Energy Centre (EMEC) has commenced an 18-month project to advance its proposed deepwater and floating wind test facility – DeepWind. Backed by 50% match funding through The Crown Estate’s Supply Chain Accelerator, the programme will build on EMEC’s earlier concept design for a national floating wind test site. -
27 Jan 26
Government of Guyana advances modern governance framework for oil, gas sector
The Government of Guyana is moving forward with plans to enhance governance and institutional capacity in the country’s growing oil and gas industry, according to Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh.
