Latest News
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22 Feb 26
Transocean issues quarterly Fleet Status Report
Transocean has issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. As of February 19, 2026, the company’s total backlog is approximately $6.1 billion. -
22 Feb 26
Angola: Eni announces the start-up of Ndungu full-field, operated by Azule Energy offshore Angola
Eni has announced the start-up of the Azule Energy operated Ndungu full-field, part of the Agogo Integrated West Hub Project (IWH), in the western area of Block 15/06, offshore Angola. -
22 Feb 26
Ghana: Tullow Oil extends its West Cape Three Points and Deep Water Tano Petroleum Agreements
Tullow Oil has announced that the extension of its West Cape Three Points and Deep Water Tano Petroleum Agreements, which cover the Jubilee and TEN fields in Ghana, have been ratified by the Ghanaian Parliament. -
22 Feb 26
Ghana: Tullow signs Sale and Purchase Agreement to acquire the TEN FPSO in Ghana
Tullow Oil has announced that its its wholly-owned subsidiary Tullow Ghana Limited (TGL) on behalf of itself and its joint venture (JV) partners has signed a Sale and Purchase Agreement (SPA) to acquire the floating production, storage and offloading vessel (FPSO) Prof. John Evans Atta Mills. The FPSO is the production facility for the TEN Fields on the Deep Water Tano Block, offshore Ghana. -
22 Feb 26
UK: Vestas increases offshore momentum in Europe with 1.38 GW offshore order in the United Kingdom
Vestas has received a firm order for RWE’s 1,380 MW Vanguard West offshore wind project in the United Kingdom. The new order follows the strong outcomes of Allocation Round 7. -
22 Feb 26
Norway: Norwegian Offshore Directorate reports high production and increase in petroleum resources
According to the Resource Accounts for 2025, oil production on the Norwegian continental shelf (NCS) in 2025 was the highest since 2009. The Resource Accounts show high production of both liquids and gas, and that resource growth is replacing 60 per cent of production. -
20 Feb 26
Australia: Thor Energy awarded two new highly prospective natural hydrogen & helium licences in the Otway Basin, South Australia
Thor Energy has announced the successful award of two new Regulated Substance Exploration Licence Applications (RSELA 810 and RSELA 811) to Thor and its 50:50 joint venture partner, H2EX. -
20 Feb 26
Westwood Insight – Key wells to watch in 2026
Westwood forecasts around 65 high impact wells to complete in 2026, in-line with 2025. Africa and South America are expected to remain the dominant regions for high impact drilling with 19 and 15 wells respectively in 2026. -
20 Feb 26
Azerbaijan: Gran Tierra Energy signs onshore exploration, development and production sharing agreement with the State Oil Company of Azerbaijan
Gran Tierra Energy has signed, through an indirect wholly owned subsidiary, an exploration, development and production sharing agreement ('EDPSA') for the onshore Guba- Khazaryani region within the Republic of Azerbaijan with the State Oil Company of the Republic of Azerbaijan ('SOCAR'). -
20 Feb 26
Tullow Oil issues statement in advance of the Group's 2025 full year results
Tullow Oil has issued a statement in advance of the Group's 2025 full year results. The Company reports a 2025 working interest production of approx. 40.4 kboepd, with revenue of around $847 million. -
20 Feb 26
Borneo/North Sumatra: Upland Resources completes successful fundraise for high-impact Borneo and North Sumatra opportunities
Upland Resources Limited has successfully completed a £2.0 million fundraise, with £0.5 million from strategic and existing shareholders and £1.5 million from directors and management, to secure participation in high-impact onshore licence opportunities in Borneo and Northern Sumatra. The company also secured a US$100 million strategic funding commitment for asset advancement. -
20 Feb 26
AKOFS Offshore signs contract for Aker Wayfarer
Akastor ASA's 66.7% owned affiliate AKOFS Offshore has signed a firm contract for its vessel 'Aker Wayfarer' following a competitive tender process. The vessel will continue to perform services as a Subsea Equipment Support Vessel (SESV) for Petróleo Brasileiro S.A. (Petrobras) in Brazil. -
20 Feb 26
PetroNor E&P: Interim financial report for the quarter ended 31 December 2025
In the fourth quarter, PetroNor E&P completed a lifting and sale of 540,000 bbls of entitlement oil, generating USD ~33 million in cash. Production rate increased with the conclusion of the infill drilling campaign, bringing the 2025 net exit rate to 5,400 bopd. -
19 Feb 26
Australia: Fugro completes artificial reef installation for Woodside and Recfishwest
Fugro has successfully installed an artificial reef off the coast of Dampier, Western Australia, on behalf of Woodside Energy and Recfishwest, creating a new habitat to support local fish species and enhance recreational fishing opportunities for the community. -
19 Feb 26
Azerbaijan: Helmerich & Payne joint venture secures major offshore operations and maintenance contract in the Caspian Sea
Turan Drilling and Engineering Company (TURAN), a joint venture with Helmerich & Payne (H&P), has been awarded a long-term offshore operations and maintenance contract renewal by bp in the Caspian Sea, offshore Azerbaijan. -
19 Feb 26
Azerbaijan: SOCAR and Gran Tierra Energy sign Exploration, Development and Production Sharing Agreement for the prospective area in Guba-Khazaryan
An Exploration, Development and Production Sharing Agreement (EDPSA) was signed between SOCAR and Gran Tierra Energy Inc. covering an onshore prospective area in the Guba–Khazaryani region of the Republic of Azerbaijan. -
19 Feb 26
TGS announces brokerage agreement for offshore wind measurement data
TGS, a leading provider of energy data and intelligence for the offshore wind industry, has announced the signing of a brokerage agreement with a major global renewables developer. This agreement further strengthens TGS’ expanding role in the offshore wind data value chain and highlights the company’s ambition to drive innovation across the sector. -
19 Feb 26
US: BOEM proposes third Gulf of America lease sale under the One Big Beautiful Bill Act
The Bureau of Ocean Energy Management has announced a Proposed Notice of Sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Lease Sale Big Beautiful Gulf 3, or BBG3, is scheduled to take place on Aug. 12, 2026.
