Latest News
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02 May 25
UK: Archer and Repsol sign major five-year contract for late life and P&A services
Archer, a leading provider of drilling and well services, has signed a five-year contract with Repsol Resources UK for platform drilling services, facilities engineering, coil tubing, wireline services, and downhole well service technologies. The agreement includes a two-year optional extension. -
02 May 25
US: Repsol allies with Stonepeak on solar and storage portfolio for its first US renewables partnership
Repsol announced that it will be joining forces with Stonepeak as its first partner in a portfolio of renewable assets in the United States. Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has agreed to invest $340 million to acquire a 46.3 percent stake from Repsol in a 777 MW operating solar and storage portfolio located in New Mexico and Texas. -
02 May 25
Brazil: Equinor sells the Peregrino field for USD 3.5 billion
Equinor has entered into agreements with Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA (PRIO3.SA) for a sale of its 60% operated interest in the Peregrino field in Brazil. PRIO, Brazil’s largest independent oil and gas company, will pay a consideration of USD 3.35 billion and a maximum of USD 150 million in interest to Equinor for the transaction. -
01 May 25
GoM: Shell completes acquisition of working interest in the Ursa platform in Gulf of America
Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell, have completed the previously announced agreement to increase their stake in the Ursa platform in the Gulf of America from 45.3884% to 61.3484%. The acquisition is part of Shell’s strategy to invest in profitable and carbon-competitive oil and gas projects with a strong integrated value chain. -
01 May 25
Poland: Equinor and Polenergia secure Final Environmental Decision for the Baltyk 1 Project - paving the way for Poland’s largest offshore wind farm
The decision marks a milestone in the further development of what could be the largest offshore wind farm in the Polish part of the Baltic Sea. Baltyk 1, a project developed jointly by Equinor and Polenergia is being prepared for Poland’s 2025 offshore auction. -
01 May 25
Masdar and OMV advance partnership on green hydrogen development
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, and OMV, Austria’s integrated chemicals, fuels and energy company, have signed an agreement to partner in the production of green hydrogen, synthetic sustainable aviation fuel (eSAF), and other sustainable products. -
01 May 25
UK: Leading technology accelerator programme prepares to launch nine trailblazers into offshore wind success
Nine ambitious UK companies – potential trailblazers in their field – have won places on the award-winning national Launch Academy technology acceleration programme designed to help innovative companies achieve success in the offshore wind industry. -
01 May 25
Oman: TotalEnergies and OQEP break ground at Marsa LNG
TotalEnergies and OQEP have celebrated the ground-breaking of the Marsa LNG plant, in the port of Sohar, northern Oman, one year after the Final Investment Decision. The 1 million ton per year (Mt/y) liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80%) and OQEP (20%). -
01 May 25
UK: NSTA's Energy Technology Platform goes from strength to strength following hugely successful pilot scheme
User numbers of UK Energy Technology Platform more than treble and technology listings skyrocket in just a few years. The platform supports energy production, emissions reduction and net zero projects. -
01 May 25
Dolphin Drilling pursuing a refinancing plan
Dolphin Drilling has announced that the company is pursuing a refinancing plan. The company has explored several refinancing options and this process is ongoing. -
01 May 25
UK: Ørsted divests 24.5% stake in West of Duddon Sands Offshore Wind Farm to funds managed by Schroders Greencoat
Ørsted has completed a farm-down for a 24.5% stake in West of Duddon Sands Offshore Wind Farm to funds managed by Schroders Greencoat. The value of the transaction is GBP 456.1 million (approx. DKK 4 billion) on a debt-free basis. Located approximately 14 km off the UK west coast, West of Duddon Sands has been operating since 2014 and has a capacity of 389 MW. -
01 May 25
UK: Essar Energy Transition’s hydrogen-ready furnace now powering EET Fuels’ Stanlow site
EET Fuels (the trading name of Essar Oil (UK) Ltd), which plans to create the world’s leading low carbon process refinery, has successfully completed the installation and connection of its new hydrogen-ready furnace to the refinery system at its Stanlow site in Ellesmere Port, Cheshire. -
01 May 25
Rising business energy demand creates new challenges - and a major opportunity - for providers, says EY research
A surge in business energy demand is reshaping the global energy landscape - and pushing energy providers to rethink how they support growth and deliver value. According to new EY research, two-thirds of businesses are concerned about accessing the reliable energy needed to grow, while 64% say that rising and unstable energy costs are already impacting their profitability and competitiveness. -
01 May 25
GoM: EnerMech wins major LLOG Gulf of Mexico pre-commissioning contract
EnerMech has secured a significant contract from LLOG Exploration Co. for pre-commissioning services at the Salamanca Platform in the Gulf of Mexico. -
01 May 25
UK: ElectroRoute and Low Carbon announce balancing PPAs for 140 MW of UK solar projects
ElectroRoute, a leading energy trading and services company, and Low Carbon, a renewable energy company and the UK’s leading developer of large-scale solar, have announced the signing of four balancing Power Purchase Agreements (PPAs).
