Latest News
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27 Jun 25
UK: Department for Energy Security and Net Zero rejects CfD for the Morocco-UK Power Project
The UK Government’s Department for Energy Security and Net Zero (‘DESNZ’) announced today that it is no longer considering a Contract for Difference (‘CfD’) for the Morocco-UK Power Project at this time. -
27 Jun 25
Hungary/Azerbaijan: MOL Group takes delivery of first joint shipment of Azeri crude oil as part of MVM - MOL cooperation
The first joint shipment of Azeri crude oil has arrived at the port of Omisalj on the Adriatic coast as a result of the cooperation between MVM Group and MOL Group. -
27 Jun 25
Vietnam: Petrovietnam and its JV partners sign PSC for Block 15-1
Petrovietnam and its joint venture partners have officially signed the Product Sharing Contract (PSC) for Block 15-1 in the southern continental shelf of Vietnam. The signing officially kicks off Phase 2B of the White Lion Project, a major $1.3 billion investment. -
27 Jun 25
Indonesia: MedcoEnergi acquires Repsol’s participating interest in Corridor PSC
Medco Energi has reached agreement with Repsol E&P to acquire Fortuna International (Barbados), which holds an indirect 24% interest in the Corridor Production Sharing Contract. -
27 Jun 25
Enverus unveils 2024 Top 100 Private Operators: A New era of agility, innovation and strategic shifts
Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released its annual list of the most prolific 100 private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. -
27 Jun 25
Soiltech wins work on FPSO
Soiltech has been awarded a contract for fluid treatment on a floating production, storage and offloading vessel – FPSO. The work is expected to be performed in the second half of 2025. -
26 Jun 25
Fugro to support deepwater gas project for Eni in Eastern Mediterranean
Fugro has been awarded a contract to run a comprehensive site characterisation programme for an Eni operated development of a deepwater gas project in the Eastern Mediterranean. -
26 Jun 25
Brazil: Petrobras signs agreement to develop offshore operations in Sao Paulo
Petrobras, the Secretariat for Economic Development of the State of São Paulo, the InvestSP agency and the Brazilian Energy Council (Brenc) formalized a protocol of intentions to boost the offshore sector on the coast of São Paulo, aiming to strengthen the oil, gas and energy production chain in Brazil. -
26 Jun 25
Eni and BMW Italia form an alliance for sustainable mobility
Eni and BMW Italia signed a Letter of Intent (LOI) to develop joint initiatives aimed at supporting the energy transition of the road transport sector. In particular, this agreement seeks to integrate biofuels with an increasingly broad offering of electric mobility services. -
26 Jun 25
UK: Introducing Adura: The UK North Sea’s largest independent oil and gas producer
The name of the UK North Sea’s largest independent oil and gas producer has been revealed today, marking a major milestone in the creation of the new company. Equinor and Shell made the joint announcement to staff – with Adura chosen as the bold new presence for their incorporated joint venture (IJV). -
26 Jun 25
Germany: RWE celebrates topping-out ceremony for a new offshore wind control centre in Germany
RWE has celebrated the topping-out ceremony for it's new offshore wind control centre in Germany, where RWE's existing and future offshore wind farms in Germany and continental Europe will be monitored and controlled around the clock. -
26 Jun 25
Norway: More oil and gas to Europe from the Fram and Troll area
Equinor and its Fram partners will invest more than NOK 21 billion in a new subsea development. The plan for development and operation was today submitted to the Minister of Energy, Terje Aasland. Fram Sør will contribute to security of energy supply from the Norwegian continental shelf to Europe. -
26 Jun 25
Norway: Equinor granted drilling permit for well 6506/12-PB-3 H in production licence PL 094
The Norwegian Offshore Directorate has granted Equinor a drilling permit for well 6506/12-PB-3 H in production licence PL 094. -
26 Jun 25
Norway: Equinor and partners drill dry well on the Lit prospect in the North Sea
Equinor and its partners have drilled a dry well on the Lit prospect in the North Sea. Wildcat well 25/11-30 S was drilled in production licence PL 169 . -
26 Jun 25
UK: New Offshore Wind plan unveiled for Wales
RenewableUK Cymru has welcomed the publication of the Welsh Government’s Offshore Wind task and finish group action plan, calling it an 'ambitious blueprint' for turning Wales’ renewable energy potential into a national economic success story. -
26 Jun 25
Mongolia: Petro Matad announces final results for year ended 31 December 2024
Petro Matad, the AIM quoted Mongolian oil company, has announced its audited final results for the year ended 31 December 2024. After many years, 2024 finally saw Petro Matad start oil production from the Heron-1 well - becoming only the third producer in the country. -
26 Jun 25
Nostra Terra changes name to Buccaneer Energy
AIM-listed Nostra Terra, the international oil and gas exploration and production company focused on producing assets in Texas, USA, has announced that it has changed its name to Buccaneer Energy.
