Latest News
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31 Oct 25
UK: OEUK prepares offshore workforce for new safety policy in 2026
OEUK is raising awareness of a new safety policy that has been developed by industry in response to concerns highlighted by the Maritime and Coastguard Agency (MCA) regarding the limitations of Search and Rescue winching systems. These systems, critical for the rescue of offshore personnel, are designed to safely lift individuals weighing under 124kg (over 19 stone). -
31 Oct 25
Netherlands/Germany: L&T secures a key role in TenneT’s landmark Offshore Wind Programme
Larsen & Toubro (L&T) has achieved a major milestone in its Offshore Wind Business by securing a critical role in the prestigious High Voltage Direct Current (HVDC) offshore wind programme of TenneT, the Dutch German transmission system operator. -
31 Oct 25
Norway: Pandion Energy completes divestment in the Valhall and Hod fields, and the Slagugle and Mistral discoveries
Pandion Energy has completed the previously announced agreement to sell its participating interests in three assets, comprising seven production licenses on the Norwegian Continental Shelf (NCS), to INPEX Idemitsu Norge. -
31 Oct 25
Norway: Northern Ocean announces contract extension for Deepsea Bollsta
Northern Ocean has announced an extension of the contract for Deepsea Bollsta with Equinor for drilling on Johan Sverdrup. In continuation of the initial 2 years firm term, the contract has now been extended by 5 months in order to complete an 8 well program for the Johan Sverdrup Unit. -
31 Oct 25
ExxonMobil announces third-quarter 2025 results
Exxon Mobil Corporation on Oct 31 announced third-quarter 2025 earnings of $7.5 billion, or $1.76 per share assuming dilution. Cash flow from operating activities was $14.8 billion and free cash flow was $6.3 billion. Shareholder distributions totaled $9.4 billion, including $4.2 billion of dividends and $5.1 billion of share repurchases, consistent with the company's announced plans. -
31 Oct 25
UK: Simply Blue Group welcomes strategic investment from Kansai Electric to accelerate offshore wind expansion
Simply Blue Group, a leading developer of renewable energy projects, has announced that Kansai Electric Power Co., Inc. ('KEPCO') has signed a Share Subscription Agreement with Simply Blue Group’s offshore wind development arm. This strategic investment marks KEPCO’s first investment involving management participation in an offshore wind developer. -
31 Oct 25
Australia: Georgina Energy announces Hussar EP513 drilling approval
Georgina Energy has received formal approval from the Western Australian Department of Mining, Petroleum and Exploration ('DMPE') to drill the Hussar Prospect in EP513. The drilling approval allows Georgina Energy to extract Helium, Hydrogen and Natural Gas from the Hussar Prospect. -
31 Oct 25
Italy: Prospex Energy provides Selva Malvezzi Production Concession Q3 2025 Activity Report
Prospex Energy, the AIM quoted investment company focused on European gas and power projects, has provided an update from the Selva Malvezzi production concession in Italy following the publication by Po Valley Energy of its Q3-2025 activity report. -
31 Oct 25
Spain: Prospex Energy confirms plateau production rates at the Viura field
Prospex Energy, the AIM quoted investing company focused on European gas and power projects, has confirmed that gas production from the Viura-1B well in the Viura gas field in northern Spain has reached the planned plateau rate of 180,000 normal cubic metres per day. -
31 Oct 25
Octopus Renewables Infrastructure Trust announces sale of stake in Simply Blue's offshore wind platform
Octopus Renewables Infrastructure Trust has announced that investee company, Simply Blue Holdings, has signed a Share Subscription Agreement with Kansai Electric Power Company, Incorporated, to acquire an 80% stake in Simply Blue Energy OSW Ltd ('SBE OSW'), Simply Blue Group's offshore wind development arm. -
31 Oct 25
Namibia: BW Energy provides update on Kudu appraisal well
BW Energy has provided an update on the Kharas-1 appraisal well, which has reached total depth and drilled multiple formations present across the Kudu license. Preliminary results are encouraging. Several intervals show indications of hydrocarbon presence and reservoir potential, suggesting a working petroleum system at Kharas. -
31 Oct 25
US: Helium One Global announces Galactica development update
AIM-listed Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, has provided an update following the Blue Star Helium announcement issued today regarding the Galactica Project. Construction has commenced on the production facility pad and gathering system and first helium production is on schedule for December 2025. -
31 Oct 25
Colombia/Ecuador: Gran Tierra Energy reports Q3 2025 results and announces further exploration success in Ecuador
Gran Tierra Energy has announced the Company’s financial and operating results for the quarter ended September 30, 2025 and provided an operational update. Three major Ecuador discoveries add to the existing success in Country. Colombia’s Southern Putumayo Cohembi Field achieves highest production in a decade. -
31 Oct 25
Aker Solutions announces third-quarter results 2025
Aker Solutions has delivered strong growth and solid margins in the third quarter of 2025. Several milestones have been met on the project portfolio in the period. The company now expects revenues in 2025 to exceed NOK 60 billion. -
31 Oct 25
Malaysia: SLB OneSubsea secures EPC contracts from PTTEP for two deepwater projects offshore Malaysia
SLB has announced the award of two sizeable engineering, procurement, and construction (EPC) contracts by PTT Exploration and Production Public Company Limited (PTTEP) to its OneSubsea™ joint venture. The contracts build on a 20-year collaboration between the two companies and cover the expansion of two fields offshore Malaysia. -
30 Oct 25
Valaris reports third quarter 2025 results
Valaris has reported third quarter 2025 results. Net income of $187 million compared to $114 million in the second quarter 2025. Net income included a gain on sale of assets of $90 million compared to $1 million in the second quarter. Adjusted EBITDA of $163 million compared to $201 million in the second quarter.
