Latest News
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04 Nov 25KBR awarded detailed engineering contract for the Bul Hanine oil and gas field in Qatar
KBR has been awarded a detailed engineering contract for the Bul Hanine oil and gas field in Qatar. Bul Hanine is one of Qatar’s significant offshore oilfields and a vital contributor to the country’s production portfolio. -
04 Nov 25
UK: Centrica completes investment in Sizewell C
Centrica has announced the completion of its acquisition of a 15% equity stake in Sizewell C1 following financial close and revenue commencement. As part of completion, Centrica has made an initial investment of £376 million into Sizewell C. -
04 Nov 25
UK: Finder Energy farms out North Sea Production Licence P2530 to Serica Energy - update
Finder Energy Holdings has announced the signing of a farmout agreement to assign a 40% interest in Seaward Production Licence P2530 to Serica Energy (UK). Finder will retain a 20% interest in, and operatorship of, the Licence, which contains the Wagtail Discovery (19 MMbbl Gross 2C Contingent Resources) and the low-risk Marsh and Bancroft exploration prospects. -
04 Nov 25
PETRONAS and Dragon Oil join forces to expand upstream reach
PETRONAS, through its subsidiary PETRONAS Carigali International Ventures, and Dragon Oil International have signed a Memorandum of Understanding (MoU), marking the beginning of a strategic collaboration in the upstream oil and gas sector. -
04 Nov 25
Azerbaijan: XRG to acquire stake in Southern Gas Corridor CJSC, expanding Caspian footprint
XRG, the international energy investment platform launched by ADNOC in November 2024, has signed non-binding Heads of Terms to acquire a stake in Southern Gas Corridor CJSC (SGC) from the Ministry of Economy of the Republic of Azerbaijan. -
04 Nov 25
BP announces third quarter 2025 results
bp has announced third quarter 2025 results. Strong operations contributed to good earnings and cash generation in the third quarter plus significant progress upstream and improved reliability and profitability downstream. -
04 Nov 25
Nordex Group delivers strong 3Q/2025 performance with significant margin expansion and robust free cash flow
Nordex Group delivers strong 3Q/2025 performance with significant margin expansion and robust free cash flow. Sales reached around EUR 1.7 billion in 3Q/2025, in line with the previous year quarter (3Q/2024: EUR 1.7 billion). -
04 Nov 25
UK: Serica Energy announces farm-in to UK North Sea P2530 Licence
Serica has reached agreement with Finder Energy for a 40% interest in the P2530 Licence, for an initial consideration of c.£500,000 (c.$650,000). The Licence is currently held by Finder Energy (60% operated interest) and Dana Petroleum (40% interest). -
04 Nov 25
SLB unveils groundbreaking new agentic AI technology for the energy industry
Global energy technology company SLB has announced the launch of Tela™, an agentic AI assistant purpose-built to transform the upstream energy sector. Tela leverages agentic AI to not only automate processes but transform workflows and drive better business outcomes. -
04 Nov 25
Norway: OKEA announces third quarter 2025 financial results
OKEA continued to deliver on and above plan on its operated assets and made a significant discovery with the Talisker exploration well at Brage. Production was solid, with the additional volumes produced from the new Sognefjord East well on Brage offsetting planned maintenance at other assets. -
03 Nov 25
UAE: THREE60 Energy accelerates Middle East growth with acquisition of Total Vision
THREE60 Energy, one of the fastest-growing companies in the global energy services sector, has announced a major step in its Middle East growth strategy with the acquisition of Total Vision (TV), a multidisciplinary engineering and project management services provider in Abu Dhabi, United Arab Emirates (UAE). -
03 Nov 25
US: SM Energy and Civitas Resources to combine in $12.8 billion transformational combination delivering superior stockholder value
SM Energy and Civitas Resources have entered into a definitive merger agreement involving an all-stock transaction.The combined company's enterprise value of approximately $12.8 billion is inclusive of each company's net debt. -
03 Nov 25
Israel: Energean signs LOI to supply natural gas to Cyprus via pipeline from Israel
Energean has announced the signing of a Letter of Intent (LOI) with Cyfield, a leading Cypriot industrial and energy group, for the potential supply of natural gas to Cyfield’s planned power generation facility in the Mari area of Larnaca. -
03 Nov 25
Odfjell Technology extends Master Service Agreement for additional 2-years with Serica
Odfjell Technology (UK) has confirmed a two-year extension to its Master Service Agreement with Serica Energy (UK). This continued collaboration highlights the strong relationship and ongoing commitment to delivering high-quality campaign support and maintenance services in the energy sector. -
03 Nov 25
LUKOIL receives offer from Gunvor to purchase international assets
LUKOIL has received an offer from Gunvor Group to purchase LUKOIL International GmbH (100% subsidiary of PJSC 'LUKOIL' which owns international assets of LUKOIL Group). The key terms of the transaction have been earlier agreed by the parties. LUKOIL accepted the offer, having undertaken not to negotiate with other potential buyers.
