Latest News
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26 May 26
Petrofac completes sale of Petrofac Emirates to a consortium of financial investors
Petrofac has announced the successful completion of the sale of Petrofac Emirates to a consortium of financial investors led by Mason Capital Management LLC and Pearlstone Alternative (UK) LLP. Petrofac Emirates encompasses Petrofac's core Engineering & Construction (E&C) capability in the UAE. -
26 May 26
Brazil: Baker Hughes extends and expands integrated well construction contract with Petrobras
Baker Hughes has announced a major contract extension with Petrobras to provide integrated solutions for well construction across Brazil’s Santos Basin. Baker Hughes will expand the company’s comprehensive well construction operations in several of the basin’s oilfields. -
26 May 26
Namibia/South Africa: Impact Oil & Gas announces strategic reorganisation to unlock value and drive targeted investment
Impact Oil & Gas, a privately owned, Africa-focused exploration company, has entered into a share purchase agreement ('SPA') with IOG Energies, a newly incorporated and wholly owned subsidiary of Deepkloof, Impact’s majority shareholder, to effect a corporate reorganisation supported by both Deepkloof and Impact’s second largest shareholder, Meren Energy. -
26 May 26
Namibia/South Africa: Meren Energy announces corporate restructuring of Impact Oil & Gas
Meren Energy notes and supports the corporate restructuring announced by its investee company, Impact Oil & Gas, to create a pure-play Namibia-focused development and exploration business. The Transaction has been approved by Impact and is intended to align the interests of its shareholder base around a streamlined and more focused portfolio. -
26 May 26
bp Chair removed
The Board of bp has announced today that it has unanimously decided that Albert Manifold should no longer serve as Chair and Director with immediate effect. This follows serious concerns raised to the Board related to important governance standards, oversight and conduct. -
26 May 26
UK: Study reveals how offshore structures can help - or hinder - marine ecosystems
A new international review has shed light on how offshore energy structures - from oil and gas platforms to wind turbines - shape marine ecosystems and the benefits they provide to society. -
26 May 26
Australia: Reach Subsea signs MoA with Beacon Offshore in Australia
Reach Subsea has entered into a Memorandum of Agreement (MoA) with Beacon Offshore, establishing a strategic partnership to jointly pursue subsea projects in Australian waters. -
26 May 26
UK: Nine in 10 energy firms say North Sea still has long-term future – if UK Gov backs industry
Aberdeen & Grampian Chamber of Commerce has warned that the UK is in danger of accelerating the decline of the North Sea unnecessarily, despite overwhelming industry belief that the basin still has a long-term future under the right conditions. -
26 May 26
Australia: Georgina Energy commences pre-drilling civil engineering site works for the Hussar prospect re-entry drilling in EP513
Georgina Energy has commenced pre-drilling civil engineering site works for the Hussar prospect re-entry drilling in EP513. The contracted Ensign 970 drill rig is anticipated to penetrate the main subsalt reservoir targets which have been independently assessed as having potential SPE PRMS (recoverable) Resources at 2U level of 283 BCF helium, 315 BCF Hydrogen and 2,925 BCF hydrocarbon gas. -
26 May 26
Colombia: Arrow Exploration announces exploration well IC-1 results - IC-1 on production
Arrow Exploration, the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, has provided an update on operational activity on the Icaco field on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest. -
26 May 26
Kazakhstan: Helix Exploration announces Inez-1 well re-entry
Helix Exploration, the helium exploration and development company advancing the Rudyard Helium Project in northern Montana, has announced that re-entry operations at the Inez-1 well have commenced. -
26 May 26
Morocco: Sound Energy reports conditional sale of Sound Energy Meridja and relinquishment of Arran Energy's exploration interests
Sound Energy has entered into a binding Sale and Purchase Agreement for the divestment of the Company's interests in the Tendrara Exploitation Concession (20%), onshore Morocco, by way of the disposal of the entire share capital of Sound Energy Merijda Limited to Managem SA. In addition, the Company announces the relinquishment of its 27.5% interest in the Anoual Exploration Permit and the waiving of any subsisting rights in the Grand Tendrara Exploration Permit. -
26 May 26
Union Jack Oil announces Final Results for the Year Ended 31 December 2025
AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has announced its audited results for the year ended 31 December 2025. -
26 May 26
Turkey: The Nordex Group gains new 110MW order from Eksim Enerji in Türkiye
The Nordex Group has secured a new order in Türkiye from Eksim Enerji A.S., comprising the supply and installation of 16 N175/6.X wind turbines with a total installed capacity of 110MW. The turbines for the Balikesir-3 wind farm will be installed on tubular steel towers with a hub height of 119 meters and delivered in the Cold Climate Version. -
26 May 26
Vietnam: Invitation to bid: Open Bidding Round for Block 17, Offshore Vietnam
PETROVIETNAM invites interested partners to participate in the Open Bidding Round for Block 17, Offshore Vietnam. This presents an opportunity for investors to access and evaluate investment in one of the petroleum potential blocks located in the Cuu Long Basin, Offshore Vietnam. -
26 May 26
UK: The Port of Southampton strengthens its role in UK renewable energy supply chains
The Port of Southampton is strengthening its position as a vital link in the UK’s renewable energy supply chains as it grows its partnership with Vestas, a global leader in sustainable wind energy technology.
