Latest News
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06 Jun 25
Allseas pioneers nuclear technology
Allseas has launched an ambitious five-year plan to design, develop and deploy a Small modular reactor (SMR) tailored for integration into offshore vessels and for onshore use. -
06 Jun 25
New onshore targeting service launched to accelerate exploration whilst reducing risk and cost
Getech Group, a leading locator of subsurface energy and mineral resources, and STRYDE, the onshore nodal seismic imaging experts, have jointly announced the launch of a new high impact targeting and exploration service designed to help energy and natural resource companies explore faster and more effectively, while reducing exploration risk and cost. -
06 Jun 25
Unconventionals Analyst v3.3 delivers next-level modelling for shale oil and gas projects
Exprodat, the energy sector GIS specialist and Getech Group company, has released a new version of its popular Unconventionals Analyst software, which is used by petroleum operators and financial institutions to manage shale oil and gas projects and investments. -
06 Jun 25
Portugal: Neoen inaugurates Portugal’s largest solar park (272 MWp) and affirms strong ambitions in the country
Neoen, one of the world’s leading independent producers of exclusively renewable energy, has inaugurated the largest solar park in Portugal and the fourth largest amongst Neoen’s assets in operation. -
06 Jun 25
UK: Comprehensive spending review must back a homegrown energy future
Ahead of the Comprehensive Spending Review (CSR) Offshore Energies UK is asking the Chancellor to prioritise major UK energy projects to unlock economic growth and safeguard jobs, net zero and energy security. -
06 Jun 25
Namibia: ReconAfrica announces C$10 million overnight marketed offering to drill Prospect I in Namibia
ReconAfrica has entered into an agreement with Research Capital Corp for an overnight marketed public offering of units of the Company to raise gross proceeds to the Company of C$10,000,000 (which has subsequently been increased to C$16.5 million). Proceeds will be used to fund the drilling of Prospect I in PEL 73 in Namibia, which has been named the Kavango West 1X well. -
05 Jun 25
US: Vermilion Energy announces agreement to sell US assets and provides updated 2025 guidance
Vermilion Energy has entered into a definitive agreement for the sale of its United States assets for cash proceeds of $120 million. The sale, combined with the sale of its East Finn assets in 2023, completes Vermilions exit from the United States, allowing the Company to focus on its core gas-weighted assets in Canada and Europe. -
05 Jun 25
UK: National Grid installs grid-enhancing technology allowing more renewable power to flow through existing transmission lines
LineVision’s Dynamic Line Rating (DLR) technology has been installed on National Grid’s network to increase the capacity of over 275 kms of overhead line conductor. The sensors and data analytics platform will highlight spare capacity on overhead power lines allowing for the integration of more renewable power. -
05 Jun 25
UK: Equinor strengthens UK energy security with new gas sales agreement with Centrica
Equinor and Centrica have signed a long-term gas sales agreement of 55 TWh of natural gas per year (around 5 billion cubic meters - bcm) for a period of 10 years starting 1 October 2025 at terms reflecting market prices. The total contract value would be around £20 billion assuming current prices. -
05 Jun 25
MODEC and Carbon Clean enter MOU to accelerate development and deployment of offshore carbon capture technology
Further to the announcement made relating to the development of an FPSO-based Carbon Capture pilot plant, MODEC and Carbon Clean Solutions have entered an MOU to continue the development and eventual deployment of FPSO-based offshore post-combustion carbon capture technologies. -
05 Jun 25
IEA: Global energy investment set to rise to $3.3 trillion in 2025 amid economic uncertainty and energy security concerns
Global energy investment is set to increase in 2025 to a record $3.3 trillion despite headwinds from elevated geopolitical tensions and economic uncertainty, a new IEA report says, with clean energy technologies attracting twice as much capital as fossil fuels. -
05 Jun 25
Equatorial Guinea: SBM Offshore signs Share Purchase Agreement with GEPetrol
SBM Offshore has signed a Share Purchase Agreement for the full divestment of SBM Offshore’s equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol. The Company’s exit from Equatorial Guinea will take place following an operational transition phase lasting up to 12 months. -
05 Jun 25
Germany: Nordex Group receives an order for 56 MW from UMaAG for a repowering project in Germany
The Nordex Group has received a new order from Umwelt Management AG (UMaAG) of Cuxhaven, Germany. As part of the Drochtersen repowering project in Lower Saxony, the Nordex Group will supply and install a total of eight N163/6.X wind turbines. -
05 Jun 25
UK: Job loss threat for hundreds of skilled contractors at Grangemouth and Mossmorran
Unite the union has said the oil and gas industry in Scotland is being hit by an ‘avalanche’ of job losses as hundreds of Grangemouth and Mossmorran based contractors face unemployment in the coming weeks. -
05 Jun 25
Jamaica: United Oil & Gas shares CEO interview re Jamaica licence
United Oil & Gas has shared an interview with its CEO outlining the technical and commercial potential of the Company's Jamaica licence, the ongoing farm-out discussions with parties under NDA, and the permit application for the Piston Core Survey. -
05 Jun 25
Cote d'Ivoire: Petrobras submits a declaration of interest for exploratory blocks in Cote d'Ivoire
Petrobras has submitted a declaration of interest for exploratory blocks in the offshore areas of the Cote d'Ivoire. -
05 Jun 25
Norway: Transocean announces exercise of $100 million option for harsh environment semisubmersible
Transocean has announced that a two-well option has been exercised for the Transocean Spitsbergen in Norway. The program is expected to commence in the first quarter of 2026 in direct continuation of the rig’s current program and contribute approximately $100 million in backlog, excluding additional services.
