Latest News
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20 May 26
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20 May 26
BW Energy announces Q1 2026 and strategy update
BW Energy delivered solid operational performance in the first quarter of 2026, advancing all major development projects on plan and cost. The start to the year has been marked by significant strategic progress, with final investment decision made on the Bourdon development and the Golfinho infill wells project. -
20 May 26
Gabon/Brazil: FID on Bourdon and Golfinho wells raising 2028 production target to over 100 kbopd
BW Energy has made final investment decision for the Bourdon development in the Dussafu license offshore Gabon and a campaign of new infill wells in the Golfinho license offshore Brazil. The combined total 2P reserves estimate is 68 million barrels of oil equivalents. -
19 May 26
McDermott announces first quarter 2026 results
McDermott International has announced financial results for the first quarter 2026. For the three months ended March 31, 2026, revenue was $2.4 billion; adjusted EBITDA was $117 million; and cash flow used in operating activities was $126 million. Backlog at quarter end was $17.6 billion. Trailing twelve months adjusted EBITDA was $489 million. -
19 May 26
New Zealand's gas reserves decline to lowest level on record
Annual petroleum reserves data released today by the Ministry of Business, Innovation and Employment (MBIE) shows as of 1 January 2026 New Zealand’s natural gas proven plus probable (2P) reserves declined 23% from last year to 731 petajoules (PJ), the lowest level since recording began 20 years ago. -
19 May 26
Norway: Statkraft to reinvest in Norwegian hydropower
Statkraft has announced updated estimates for investments in Norwegian power generation and plans to invest around NOK 80 billion over the next ten years. This positions the company as one of the largest contributors to new industrial activity in mainland Norway in the years ahead, with projects distributed across the entire country. -
19 May 26
Germany: RWE builds further solar park and new battery storage facility at Hambach opencast mine
RWE has begun construction on a large utility-scale solar plant in the Rhein-Erft district. The 'Manheimer Bucht' solar park is being built within the Hambach opencast mine, in the municipality of Kolpingstadt Kerpen. A total of 25,300 solar modules are being installed in an area the size of around 20 football pitches. -
19 May 26
Ireland: Irish wind farms protect consumers from rising gas prices in April
A record April for Irish wind farms helped to limit the average wholesale electricity price rise to just two per cent last month, despite significant pressure from rising gas prices. -
19 May 26
UK: OnPath Energy progressing £1billion southern Scotland investment plans with new South Lanarkshire onshore wind agreement
Leading renewables developer OnPath Energy is progressing its plans to invest around £1 billion in Southern Scotland over the next five years by partnering with Wilson Forest Products on three new onshore wind farms in South Lanarkshire. -
19 May 26
Denmark: International Stillstrom-led consortium secures €5 million EU Horizon funding for offshore vessel charging pilot in Denmark
An international consortium led by Stillstrom by Maersk has secured €5 million from the European Union’s flagship Horizon Europe research and innovation programme. The funding will be used for project SPARK, to develop and demonstrate offshore charging infrastructure for stationary vessels at anchor with their engines running. -
19 May 26
UK: North Sea Midstream Partners celebrates a decade of ownership at St Fergus
North Sea Midstream Partners (NSMP) is celebrating ten years of ownership of the St Fergus Gas Terminal and the FUKA and SIRGE pipeline systems. NSMP acquired the assets in 2016, growing its existing business to become a leading independent gas transportation and processing infrastructure company in the North Sea. -
19 May 26
Archer reports growth and reconfirms guidance for the year
Archer reports another strong quarter and confirms quarterly cash distribution to shareholders, corresponding to an annualized yield of roughly 9%. For Q1, Archer reports revenue of $278.4 million and adjusted EBITDA of $41.1 million, representing a YOY-growth of 15% and 18% respectively, when excluding the divested workover business in Argentina from 2025 financials. -
19 May 26
Australia: OX2 starts construction of 135 MWac solar power and 100 MW BESS in Australia
OX2 is commencing construction of the Muswellbrook Solar Farm & Battery project in Australia, comprising 135 MWac of solar generation and 100 MW of battery storage (BESS). -
19 May 26
Germany: Nordex Group receives new orders totaling 82 MW from Westfälisch-Niedersächsische Energie WNE in Germany
The Nordex Group has received new orders from Westfälisch-Niedersächsische Energie GmbH & Co. KG (WNE) in Germany for the supply and installation of twelve N175/6.X wind turbines. The turbines, each with a hub height of 179 meters, will be installed across three projects in the district of Höxter in North Rhine-Westphalia. The total capacity of the orders amounts to 82 MW. -
19 May 26
Jadestone Energy announces 2025 full-year results
AIM-listed Jadestone Energy, an independent upstream company and its subsidiaries, focused on the Asia-Pacific region, reports its consolidated audited financial statements as at and for the financial year ended 31 December 2025. -
19 May 26
Nexans marks official handover of cable-laying vessel CLV Nexans Electra
Nexans, global pure player in sustainable electrification, has announced the official handover of its newest cable-laying vessel, CLV Nexans Electra. The milestone marks a significant step in the Group’s strategic expansion of its subsea installation capabilities.
