Latest News
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25 Jul 25
Fast and furious: how the Government should balance the ambitions of the Clean Power 2030 target with strategic reforms
The run up to Allocation Round 7, which is due to open for applications on Thursday 7 August, has been marked by a significant degree of uncertainty. What will the auction rules and parameters be? Which projects will be eligible? Will the auction be driven by a budget or a capacity ambition? And what sort of electricity market will we even have? -
25 Jul 25
Wood announces sale of joint venture interest in RWG to Siemens Energy Global
Wood has announced that its wholly-owned subsidiary, JWG Investments, has reached an agreement to sell its 50 per cent interest in RWG (Repair & Overhauls), a provider of repair and overhaul services to operators of industrial aero-derivative gas turbines in the global oil and gas, power generation and marine propulsion industries, to Siemens Energy Global, Wood's JV partner, for a cash consideration of $135 million. -
25 Jul 25
Thailand: Sapura Energy secures contracts worth more than RM500 million in Thailand
Sapura Energy and its subsidiaries have won two contracts from its long-term clients in Thailand, with a combined value exceeding RM500 million. -
25 Jul 25
Valaris issues Fleet Status Report
Valaris has issued a Fleet Status Report that provides the current status of the Company’s fleet of offshore drilling rigs along with certain contract information for these assets. -
25 Jul 25
UK: OEUK responds to AR7 strike prices
Offshore Energies UK has responded to the news that the Department for Energy Security & Net Zero (DESNZ) has increased the strike price caps and extended the duration for wind technologies in the upcoming Allocation Round 7 (AR7) Contracts for Difference (CfD) round. -
25 Jul 25
Eni announces results for the second quarter and half year 2025
Eni's resilient strategy and strong execution resulted in excellent Q2 ‘25 results despite commodity and currency headwinds. FY ’25 outlook raised and shareholder distributions confirmed. -
25 Jul 25
US: Helix Exploration provides operational update at Inez-1
Helix Exploration, the helium exploration and development company with near-term production assets within the Montana Helium Fairway, has announced the results of wireline testing at its Inez-1 well and has provided an operational update on the Rudyard Field testing programme and plant construction. -
25 Jul 25
Australia: Carnarvon Energy announces Bedout exploration update - drilling planned for 2026
Carnarvon Energy, in collaboration with its Bedout Joint Venture partners, has announced the successful completion of the Bedout MegaMerge seismic reprocessing project - a major advancement in subsurface imaging and exploration prospectivity definition across the Bedout Sub-basin. Drilling is planned for Q3 2026. -
25 Jul 25
UK: AquaTerra Group wins two new contracts for brownfield asset integrity in North Sea, totalling seven figures
AquaTerra has announced the award of two separate contracts with bp and Ithaca Energy to support a number of their North Sea assets. -
24 Jul 25
UK: Centrica acquires 15% stake in Sizewell C nuclear power station
Centrica has signed an agreement to acquire a 15% equity stake in Sizewell C (Holdings), with committed construction funding of £1.3 billion. -
24 Jul 25
Saipem announces results for the first half of 2025
Saipem achieved a semester of further growth, confirming the constant progression in operating and financial performance over the last three years which enabled, in the month of May, the distribution of the largest dividend in the company's history. -
24 Jul 25
TechnipFMC announces Q2 2025 results
TechnipFMC has reported second-quarter 2025 results. Total Company revenue in the second quarter was $2,534.7 million. Net income attributable to TechnipFMC was $269.5 million, or $0.64 per diluted share. These results included after-tax charges and credits totaling $16 million of expense, or $0.04 per share. -
24 Jul 25
UK: Apatura hits 2GW energy storage milestone with planning consent for new 560MW BESS at Clydebank
Renewable energy storage specialist Apatura has received planning consent to build a new grid-scale 560MW / 1120MWh battery energy storage system (BESS) near the town of Clydebank in West Dunbartonshire, Scotland. -
24 Jul 25
Australia: Queensland Government awards North Bowen Basin PCA’s to Blue Energy
Blue Energy has advised that the Queensland Department of Natural Resources and Mines has awarded two Potential Commercial Areas (PCA 336 and PCA 337) to Blue Energy’s wholly owned subsidiary Eureka Petroleum. In addition, the Department has also renewed the underlying exploration permit, ATP 814, for a further term. -
24 Jul 25
OEG to supply Peterson with 500 offshore containers through to 2030
OEG, a leading energy solutions business, has secured a significant five-year contract with Peterson Energy Logistics in Den Helder for 500 offshore containers to support its operations in the Dutch sector of the North Sea. -
24 Jul 25
UK: Parameters of next clean power auction could help to secure record-breaking amount of new renewable energy capacity
RenewableUK's Executive Director of Policy and Engagement, Ana Musat, comments on the Government’s publication of the parameters of the next auction for new clean energy projects, Contracts for Difference Allocation Round 7. -
24 Jul 25
Italy: EIB and Eni sign €500 million finance agreement to convert Livorno refinery into a biorefinery
The European Investment Bank (EIB) and Eni have signed a €500 million 15-year finance contract to support the conversion of Eni's Livorno refinery in Tuscany into a biorefinery. -
24 Jul 25
UK: Metlen secures £34.8 million new UK EPC contracts for solar and storage projects
Metlen has signed two new contracts for the Engineering, Procurement and Construction (EPC) of renewable energy projects in the UK, further strengthening its presence in the country. The total value of the contracts amounts to £34.8 million. -
24 Jul 25
Repsol posts net income of €603 million and announces new share buyback
Repsol reported net income of €603 million between January and June 2025. Adjusted income, which specifically measures the performance of the businesses, amounted to €1.353 billion. -
24 Jul 25
Stronger together: 4 places the Chevron and Hess merger will have the most impact
With the merger complete, Chevron and Hess are moving forward with integrated operations - and looking forward to a quick, efficient transition. When two companies come together, the result should be more than just bigger - it should be better, too. With Hess joining Chevron, the company can now capitalize on a combined 240 years of experience. -
24 Jul 25
NMDC Energy delivers strong H1 growth, showcasing resilience and operational excellence
NMDC Energy, a majority-owned subsidiary of NMDC Group, has announced strong financial results for the first half of 2025, with sustained growth demonstrating the company’s strength and disciplined execution amid challenging market conditions. -
24 Jul 25
Jamaica: United Oil & Gas announces receipt of Environmental Permit for the Walton Morant Licence, Jamaica
AIM-listed United Oil & Gas, the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK, has confirmed formal receipt of the Environmental Permit from Jamaica's National Environment and Planning Agency ('NEPA') for UOG's planned offshore surveys at its 100% owned Walton Morant Licence. -
24 Jul 25
Jadestone Energy announces a trading update for the half-year ended 30 June 2025
AIM-listed Jadestone Energy has announced a trading update for the half-year ended 30 June 2025. Record production during H1 2025 drives upgrade to production guidance. -
24 Jul 25
UK: EnergyPathways engages Costain to assess onshore facility options for the MESH integrated energy system
AIM-listed EnergyPathways, an energy transition company, has announced a strategic engagement with Costain Group in support of the Company's planned large-scale integrated energy storage and decarbonisation project, MESH. -
24 Jul 25
Suriname: Tenaris to supply OCTG, line pipe and coatings for Suriname’s first offshore development
TotalEnergies has awarded Tenaris a contract to supply casing and tubing and Rig Direct® services for the GranMorgu project, located about 150 kms off the coast of Suriname. -
24 Jul 25
Vantage Drilling International announces extension of Conditional Letter of Award for the Platinum Explorer
Vantage Drilling International has announced that the 90 day validity period of the Conditional Letter of Award received for the Platinum Explorer on 23 April 2025 has been extended by a further 30 days. -
24 Jul 25
DNO announces Q2 2025 trading update
DNO, the Norwegian oil and gas operator, has provided an update on production, sales volumes and other selected information for the quarter, ahead of its Q2 2025 operating and interim financial results on 21 August.
