Latest News
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01 Feb 26
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on steady global economic outlook
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023 eaffirmed their decision on 2 November 2025 to pause production increments in March 2026 due to seasonality. -
01 Feb 26
Namibia: TotalEnergies and Galp reinforce their long-term commitment to Namibia in high-level Presidential meeting
Patrick Pouyanné, Chairman and CEO of TotalEnergies and Paula Amorim, Chairman of Galp, held a joint meeting with the President of the Republic of Namibia, Netumbo Nandi-Ndaitwah, to reiterate their long-term commitment to the country and provide an update on the progress and next steps of their recently announced partnership across key offshore licenses in the Orange Basin. -
01 Feb 26
Scarborough sails towards startup
After a 4,000-plus nautical mile journey from China, the Scarborough Energy Project’s floating production unit (FPU) arrived safely Down Under in January, marking a major milestone for the project. The FPU will power the Scarborough Energy Project for the next 30 years from its new home, 375 km off the north west coast of Western Australia. -
01 Feb 26
UK: Two offshore wind projects enter lease with The Crown Estate in boost for UK's clean power goals
Two offshore wind projects have entered into lease with The Crown Estate after just three years, helping to support the government’s clean power ambitions. The Morecambe and Mona projects, located in the Irish Sea, were successful in The Crown Estate’s Offshore Wind Leasing Round 4 auction in 2021 and have been in Agreements for Lease since 2023. -
31 Jan 26
Brazil: Seadrill announces West Saturn contract extension
Seadrill has announced Equinor Brasil Energia has exercised a one-year priced option for the ultra-deepwater drillship West Saturn. The exercised option adds $114 million to contract backlog and extends the original contract, which commenced in 2022, through October 2027. -
31 Jan 26
Germany: Enlight expands its energy storage footprint in Europe through investment in the Jupiter Project in Germany
Enlight Renewable Energy, a leading global renewable energy developer and an independent power producer, has signed an agreement to acquire a stake in Project Jupiter, located in Brandenburg, Germany, which is planned to include up to 150 MWp of solar generation capacity and 2,000 MWh of energy storage capacity. -
31 Jan 26
Uzbekistan/Turkey: Condor provides a drilling update for Uzbekistan and announces the sale of its Turkish assets
Condor Energies, a Canadian based, internationally focused energy transition company with active operations in Central Asia, has provided an update on its Uzbekistan and Türkiye projects. -
31 Jan 26
Chevron reports fourth quarter 2025 results
Chevron announced reported earnings of $2.8 billion; adjusted earnings of $3.0 billion. Cash flow from operations of $10.8 billion; adjusted free cash flow of $4.2 billion. Increased 2025 worldwide and U.S. production by 12 and 16 percent to record levels. Reserve replacement ratio of 158 percent in 2025. -
30 Jan 26
Italy: Zelestra delivers full commercial operations at its first solar facility in Italy, the 6.5 MWdc Ginosa plant
Zelestra, a global, multi-technology, customer-focused renewable energy company, has announced full commercial operations at the 6.5 MWdc Ginosa solar plant in Puglia, Italy. -
30 Jan 26
Argentina: Archer enters into an agreement to sell the workover business in the south of Argentina
Archer has entered into an agreement with a local buyer regarding potential sale of the workover business in the south of Argentina. -
30 Jan 26
Trinidad: Perenco Trinidad & Tobago progresses revitalisation of 'TSP' fields
Perenco Trinidad & Tobago has confirmed the completion of its latest revitalisation programme across the Teak, Samaan and Poui ('TSP') fields, offshore the southeast coast of Trinidad. The programme, designed to simultaneously increase production and deliver more efficient and sustainable operations, entailed the electrification and the modernisation of the Teak field. -
30 Jan 26
UK/Africa: Masdar and Octopus forge strategic pact to turbocharge clean energy systems in UK and Africa
Abu Dhabi Future Energy PJSC – Masdar, a global clean energy leader, and Octopus Energy, the global energy tech disruptor, have signed two Memoranda of Understanding (MOUs) for initiatives in the UK and Africa. -
30 Jan 26
US/Namibia: 88 Energy provides summary of activities for the quarter ended 31 December 2025
88 Energy has provided a summary of activities for the quarter ended 31 December 2025 in Alaska and Namibia. -
30 Jan 26
Ireland: Europa Oil & Gas provides update on the FEL 4/19 licence. offshore Ireland
Europa Oil & Gas (Holdings) has announced that it has received confirmation from the Irish Government’s Department of Climate, Energy and the Environment that, whilst the FEL 4/19 licence Phase 1 extension application is under consideration, it remains live and in Phase 1 until the application process is concluded. -
30 Jan 26
US/UK: Union Jack Oil provides project update UK and USA
Union Jack Oil, a USA and UK focused onshore hydrocarbon production, development, exploration and investment company, has provided a project update in respect of its key projects in the United Kingdom and the United States of America. -
30 Jan 26
Australia: Drilling commences at Elanora-1 exploration well - the first East Coast Supply Project ('ECSP') well
Amplitude Energy has announced that drilling has now commenced on the first East Coast Supply Project ('ECSP') well, with the Transocean Equinox rig spudding Elanora-1 on 25 January. -
30 Jan 26
Scatec fourth quarter 2025: Growth continues
In the fourth quarter, Scatec continued to progress its near-term growth portfolio, which is now at an all-time-high. Proportionate revenues increased by 25% to NOK 3,362 million (2,684 million), and EBITDA was NOK 1,065 million (1,375 million).
