Latest News
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29 Oct 25
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29 Oct 25
Norway: Equinor a drilling permit for well 7018/5-2 in production licence 1236
The Norwegian Offshore Directorate has granted Equinor a drilling permit for well 7018/5-2 in production licence 1236. -
29 Oct 25
Qatar: QatarEnergy signs 17-year LNG supply agreement with India’s GSPC
QatarEnergy has signed a 17-year Sales and Purchase Agreement (SPA) with Gujarat State Petroleum Corporation (GSPC) for the supply of up to 1 million tons per annum (MTPA) of LNG to the Republic of India. -
29 Oct 25
Solstad Maritime announces contract extension for Normand Vision
Solstad Maritime has announced the first optional 1-year contract extension for Normand Vision with Ocean Installer AS, in direct continuation of the current agreement. This extension secures operations through the end of 2027. -
29 Oct 25
India: Synergia Energy announces update on operations at its Cambay PSC onshore India
Synergia Energy has announced an update regarding its Cambay PSC (WI: 50%), onshore India. -
29 Oct 25
Uzbekistan: EBRD co-finances major renewable energy project in Central Asia
The European Bank for Reconstruction and Development (EBRD) is providing a comprehensive financing package of US$ 142 million (€121 million) for two special-purpose vehicles (SPVs) that will develop Uzbekistan’s and Central Asia’s largest combined solar photovoltaic and battery energy storage project to date. -
29 Oct 25
Equinor announces third quarter 2025 results
Equinor delivered an adjusted operating income of USD 6.21 billion and USD 1.51 billion after tax in the third quarter of 2025. Equinor reported a net operating income of USD 5.27 billion and a net loss of USD 0.20 billion. Adjusted net income was USD 0.93 billion, leading to adjusted earnings per share of USD 0.37. -
29 Oct 25
Malaysia: Velesto and ICON Engineering sign agreement to deliver Rig-Installed Wellhead Platforms in Malaysia
Velesto Energy and ICON Engineering have signed an agreement to deliver Rig-Installed Wellhead Platforms (RIWHPs) for offshore oil and gas developments in Malaysia. -
29 Oct 25
Brazil: Maersk Supply Service deploys largest MDL spread to date
MDL has supported Maersk Supply Service in a dynamic riser assembly installation offshore Brazil. The operation at Mero field, in the pre-salt Santos basin, has enabled connection to a PRM (Permanent Reservoir Monitoring) sensor grid on a deepwater field. -
29 Oct 25
Denmark: BlueNord announces Q3 2025 results
BlueNord has published its third quarter 2025 results, delivering another quarter of robust operational and financial performance. As a result, BlueNord is proposing a cash dividend of USD 89 million for Q3 2025, bringing the total returns to shareholders year-to-date to USD 391 million. -
29 Oct 25
France: PNE sells two wind farm projects in France with a total capacity of 25.7 MW
The PNE Group continues to succeed in the French market and has completed the sale of two premium wind farm projects. 'Clermont-en-Argonne' wind farm is being taken over by JP Energie Environnement. 'Genouillé' wind farm has been purchased by Sorégies. -
28 Oct 25
UK: Keep wells in good shape to sustain production and support suppliers, operators told
New report shows well interventions contributed more than a month’s supply in 2024, despite drop in activity. Operators urged to collaborate with supply chain and unlock cost-efficient production. NSTA also keen for industry to target development drilling campaigns on existing fields. -
28 Oct 25
UK: NSTA publishes its latest Wells Insights Report
The NSTA published its latest Wells Insights Report on 28 October 2025, offering a comprehensive overview of UKCS well stock and activity and providing valuable insights into trends and performance across the basin. -
28 Oct 25
UK organisations accelerate decarbonisation planning as reality of 2030 targets triggers action
New research from Siemens has shown that UK businesses are increasingly concerned about their ability to meet decarbonisation targets, despite an eagerness to accelerate delivery of Net Zero. -
28 Oct 25
Brazil: Petrobras reports on record production of FPSO Almirante Tamandaré – Búzios 7
Petrobras reports that the FPSO Almirante Tamandaré, which operates in the Búzios field, in the pre-salt Santos Basin, reached an instantaneous record flow equivalent to 270,000 barrels of oil per day (bpd) last Saturday (10/25). On average, the platform's production exceeds 250,000 bpd throughout the month of October, representing a volume above its nominal capacity of 225,000 bpd. -
28 Oct 25
Borr Drilling announces contracting and collections update
Borr Drilling has announced contract extensions for three of its premium jack-up rigs and provided an update on collections in Mexico. -
28 Oct 25
Denmark: Greenvolt secures €35 million financing for large-scale hybrid project of over 150 MW in Denmark
The Greenvolt Group, through Greenvolt Power, has signed a €35 million project finance agreement with Ringkjøbing Landbobank to finance the construction and operation of a large-scale hybrid project in Høegholm, Denmark, combining solar photovoltaic generation and battery energy storage (BESS). -
28 Oct 25
UAE: NMDC Energy’s revenue surges 33% Y-o-Y to AED 13 billion in 9M 2025, with Net Profit Reaching AED 951 million
United Arab Emirates-based NMDC Energy has announced solid financial results for the first nine months of 2025, with revenue surging 33% Y-o-Y to AED 13.0 billion and net profit gaining 5% Y-o-Y to AED 951 million, on the back of solid backlog execution across multiple markets. -
28 Oct 25
Saudi Arabia: TotalEnergies and Aljomaih Energy & Water awarded a 400 MW solar project
The consortium comprising France's TotalEnergies and Saudi developer Aljomaih Energy & Water (AEW) has been awarded by the Saudi Power Procurement Company (SPPC) following a tender process, the license to develop, build and operate a 400 megawatts (MW) solar power plant in As Sufun, KSA. -
28 Oct 25
UK: Low auction budget puts UK offshore wind at risk
The UK Government has announced an initial budget for the next offshore wind auction round (Allocation Round 7, or AR7). The initial proposed budget is £900m for conventional bottom-fixed offshore wind and £180m for floating wind. This would 'buy' only 5 – 6 GW of capacity in the auction. The UK currently has 16.6 GW in offshore wind and wants 50 GW by 2030. -
28 Oct 25
Odfjell Technology awarded five-year contract in the Middle East
Odfjell Technology has been awarded a contract to supply fishing services for drilling and workover operations with a major oil and gas company in Kuwait. The contract, which is for five years with a one-year option period, will see Odfjell Technology begin operations during Q1 2026 as the specialist integrated supplier of well services technology and engineering solutions. -
28 Oct 25
UK: Offshore wind farm developers offer millions in funding to new UK supply chain companies - Offshore Wind Industry Council media release
The offshore wind industry is offering funding worth up to £25 million to each UK-based company wanting to enter the offshore wind supply chain or to expand their existing facilities. The grants will boost the volume of wind farm components being made in Britain, creating thousands of high-quality jobs throughout the country.
