Latest News
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29 Jan 26
Petrobras increases proven reserves in 2025
Petrobras reports that its estimates of proven reserves of oil, condensate, and natural gas, according to SEC ( US Securities and Exchange Commission ) criteria, totaled 12.1 billion barrels of oil equivalent (boe) as of December 31, 2025. Of this total, 84% is oil and condensate and 16% is natural gas. -
29 Jan 26
US: Subsea7 awarded contract offshore US
Subsea7 has announced the award of a sizeable contract by Shell for the Kaikias Waterflood project. The Kaikias field is a deepwater development in the Mars-Ursa Basin, approx. 210 kms off the Louisiana coast in the US. -
29 Jan 26
Germany: Subsea7 awarded contract offshore Germany
Subsea7 has announced the award to Seaway7, part of the Subsea7 Group, of a substantial(1) contract by OWP Gennaker, part of Skyborn Renewables, for the Gennaker offshore wind farm in Germany. -
29 Jan 26
EU invests €650 million in cross-border energy infrastructure
The European Commission will allocate nearly €650 million in grants from the Connecting Europe Facility (CEF) to help finance 14 cross-border energy infrastructure projects. These projects will play a vital role in strengthening the EU's energy security, increasing the integration of renewable energy and, as a result, Europe's competitiveness. -
29 Jan 26
Poland: Orlen and ABO Energy sign MoU on hydrogen supply
Poland's largest energy company, Orlen, and ABO Energy signed a Memorandum of Understanding (MoU) in Warsaw on January 27, 2026, concerning the production and supply of green hydrogen to Poland starting in the 2030s. -
29 Jan 26
Mozambique LNG announces the full restart of all its activities onshore and offshore in Mozambique
The restart of project activities onshore and offshore follows the decision made on 7 November 2025, by Mozambique LNG consortium, to lift the Force Majeure that was declared in 2021 and resume project activities. -
29 Jan 26
Malaysia: PETRONAS Activity Outlook 2026-2028: Strengthening Energy Ecosystem for Malaysia’s Energy Transition
PETRONAS has released its PETRONAS Activity Outlook 2026-2028, providing Malaysia’s oil and gas services and equipment (OGSE) industry insights into forecasted activities across its Upstream, Downstream, Gas & Maritime businesses for Malaysian operations. -
29 Jan 26
UK: 63 MW Scottish wind farm to use low-emission steel in UK onshore first
Vattenfall has signed an order with Vestas for turbines for the 63MW Clashindarroch II Wind Farm project near Huntly, Scotland. The order includes the supply, installation, and commissioning of 14 Vestas V136 4.5 MW wind turbines, along with a 30-year service agreement. All the turbine towers will be manufactured using low-emission steel. -
29 Jan 26
LUKOIL agrees with Carlyle on sale of international assets
LUKOIL has signed an agreement with US investment company Carlyle on the sale of LUKOIL International GmbH (100% subsidiary of PJSC 'LUKOIL' which owns international assets of LUKOIL Group). The Company also continues negotiations with other potential purchasers. -
29 Jan 26
Germany: RWE constructs a battery storage system with a capacity of 400 megawatts in Lingen
On a site in Lingen, Lower Saxony, where acrylic fibres were produced until 2021, the largest battery storage facility in the region is now being built. RWE is constructing a 400-megawatt (MW) battery storage system on the former premises of Dralon GmbH, northeast of the Emsland gas-fired power plant. -
29 Jan 26
Ireland: Lansdowne Oil & Gas secures further Convertible Loan Agreements for £100,000
Lansdowne Oil & Gas has entered into further Convertible Loan Agreements for £100,000. The Company intends to use the funds to provide working capital whilst progressing the final stages of a potential reverse takeover, which is targeted to complete in the first quarter of 2026. -
29 Jan 26
Malaysia: Seascape Energy announces Keladi Prospect upgrade and Temaris Cluster Resource update
Seascape Energy has announced a material upgrade to its Keladi prospect following an updated independent evaluation of the Prospective Resources by Sproule ERCE on the Temaris Cluster ('Temaris', 100% PI, operated). The Competent Persons Report ('CPR') now ascribes almost 1 TCF of net mean unrisked Prospective Resources to the Temaris block. -
29 Jan 26
Georgia: Block Energy announces extension of its existing secured loan facility and related party transactions
Block Energy, the production and development company focused on Georgia, has announced an extension to the Term of its existing $2.0 million senior secured loan facility and related transactions. -
29 Jan 26
Gran Tierra Energy reports seventh consecutive year of South American reserves growth
Gran Tierra Energy, an independent international energy company focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador, has announced the Company’s 2025 year-end reserves and specified resources. -
29 Jan 26
India: Cairn Oil & Gas announces gas discovery in Ambe - first DSF block to be monetised on the West Coast
Cairn Oil & Gas, part of Vedanta, and India’s largest private oil and gas exploration and production company, has notified the DGH and Ministry of Petroleum and Natural Gas of a gas discovery in its appraisal well Ambe-2A on the West Coast. -
29 Jan 26
Noble Corporation completes the sale of five jackup rigs to Borr Drilling
Noble Corporation has completed the sale of five jackup rigs to Borr Drilling for $360 million. The Company generated approx, $210 million in cash plus $150 million in seller notes from the sale of the Noble Tom Prosser, Noble Mick O'Brien, Noble Regina Allen, Noble Resilient and Noble Resolute. -
28 Jan 26
Colombia: GeoPark renews offtake agreement with Vitol in Colombia
GeoPark, a leading independent energy company with over 20 years of successful operations across Latin America, has announced the renewal of its offtake and prepayment agreement with Vitol, extending the term and expanding the scope of collaboration across the Llanos basin in Colombia.
