Latest News
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18 May 25
UK: £1.6m funds a resilient future for Scotland’s globally important seabirds
The Scottish Marine Environmental Enhancement Fund (SMEEF) has announced a new Seabird Resilience Fund to help safeguard the future of Scotland’s precious seabirds. This significant £1.6m investment, funded by voluntary donations from a group of offshore renewable energy developers, aims to fund practical projects to protect seabirds from the many threats they face, both at sea and on land. -
18 May 25
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18 May 25
UK: NSTA and CES agree to collaborate to harness the potential of the North Sea
The North Sea Transition Authority (NSTA) and Crown Estate Scotland (CES) have signed a Statement of Intent (SoI) which commits both organisations to work together to realise the tremendous energy and carbon storage potential of the North Sea. -
18 May 25
Australia: Korea National Oil Corporation to join Otway gas hunt
3D Energi has announced that the Korea National Oil Corporation (KNOC) will enter the joint ventures with 3D Energi and ConocoPhillips Australia (COPA) in the Otway exploration permits VIC/P79 and T/49P, subject to regulatory approvals. -
17 May 25
Wind Turbine Suppliers deliver new record volume despite macroeconomic and policy challenges
Wind turbine manufacturers installed 127 GW of new wind power capacity in 2024, according to GWEC’s annual Supply Side Data report. The data from GWEC’s Market Intelligence team finds 29 different wind turbine suppliers mechanically installed 23,098 units last year despite the challenging macroeconomic pressures, rising commodity and capital costs, and prolonged supply chain disruptions. -
17 May 25
US: Occidental and ADNOC’s XRG agree to evaluate joint venture to develop South Texas Direct Air Capture hub
Occidental and its subsidiary 1PointFive have announced an agreement with XRG, ADNOC’s investment company, to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. -
17 May 25
UAE: EOG Resources awarded onshore concession to explore and appraise unconventional shale block in the UAE
EOG Resources has been awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3). EOG holds 100 percent equity and operatorship and, in coordination with Abu Dhabi National Oil Company (ADNOC), will explore and appraise unconventional oil in the concession area. -
17 May 25
Namibia: Rhino Resources and Halliburton deliver the first two exploration wells on Block 2914 offshore Namibia
Rhino Resources and Halliburton announced the delivery of two exploration wells on Block 2914 within Petroleum Exploration License (PEL) 85 offshore Namibia. Halliburton's collaborative approach and integrated services were instrumental in Rhino's success as the block's operator. -
16 May 25
UK: Great British Energy legislation passes through Parliament
Landmark Great British Energy Bill passes in Parliament. Publicly-owned energy company to benefit working people by accelerating clean power, bringing energy security and jobs as part of the Plan for Change. -
16 May 25
Norway: Equinor granted drilling permit for well 7220/5-4 in PL 532
The Norwegian Offshore Directorate has granted Equinor a drilling permit for well 7220/5-4 in production licence PL 532. -
16 May 25
UK: RenewableUK welcomes approval of Strategic Spatial Energy Plan methodology
RenewableUK comments on the news that the Secretary of State and Ofgem have approved the methodology for developing the first Strategic Spatial Energy Plan (SSEP), as proposed by the National Energy System Operator (NESO). -
16 May 25
UK: Union leader blasts ‘outrageous’ National Grid profits
Responding to the announcement that the monopoly National Grid Plc increased its pre-tax profits 20 per cent to £3.7 billion, Unite general secretary Sharon Graham said:'The profits raked in by National Grid lay bare Britain’s broken energy system. Energy profiteers like National Grid are extracting cash for overseas’ shareholders through ever more expensive bills'. -
16 May 25
Trinidad: Touchstone Exploration closes acquisition of Shell Trinidad Central Block Limited
Touchstone Exploration has successfully closed the previously announced acquisition of 100 percent of the share capital of Shell Trinidad Central Block Limited -
16 May 25
Trinidad: Perenco announces successful gas well at the undeveloped Onyx field offshore Trinidad
Perenco, as Operator of the Teak, Samaan and Poui (TSP) fields, has announced the successful drilling of the Onyx well and sidetrack in the eastern part of the Onyx field. The two legs encountered significant columns of natural gas in two separate geological compartments. -
16 May 25
DOF Group announces financial report for Q1 2025
The DOF Group delivered a good start to 2025 with strong project execution and a solid first quarter EBITDA of USD 158 million, representing an improvement from Q4 2024 and close to 40% increase from first quarter last year. -
16 May 25
Odfjell Drilling reports for the first quarter of 2025
Odfjell Drilling reports for the first quarter of 2025. For the first time since the Odfjell Technology spin off in March 2022, the Group achieved an EBITDA of above USD 100 million. -
15 May 25
UK: SSE welcomes UK offshore wind Capacity Increase Programme
SSE has welcomed the decision by The Crown Estate to proceed with its Capacity Increase Programme to maximise the potential of existing offshore wind lease areas in the UK. -
15 May 25
Canada: Strathcona Resources announces sale of Montney assets for $2.84 billion
Strathcona Resources has entered into definitive agreements to sell substantially all of its Montney assets for approx. $2.84 billion. Upon completion of the Montney dispositions, Strathcona will be a pure-play heavy oil company. -
15 May 25
UK: Eni selects ABB as main automation contractor for one of the UK’s first industrial CCS clusters
ABB has been selected by Eni as the main automation contractor for HyNet, one of the UK’s first industrial decarbonization clusters that forms part of the Government’s Track-1 carbon capture and storage (CCS) commitment. -
15 May 25
Ireland: HitecVision and Reinova Partners launch new Irish renewable energy platform with acquisition of wind portfolio from Greencoat Renewables
HitecVision, a leading European energy investor, and Reinova Partners, a newly established energy transition investment firm, have announced the establishment of a new Irish onshore renewables platform. Lirion Power launches with the signing of an agreement to acquire a portfolio of six operating windfarms totaling 166 MW (net 116 MW) from Greencoat Renewables. -
15 May 25
Africa Oil introduces new brand identity with change of name to Meren Energy
Africa Oil has unveiled its new brand identity with a change of name to Meren Energy. The Company’s rebranding follows the recent completion of the transformative Prime consolidation, doubling reserves and production in high quality offshore assets that benefit from low lifting costs, premium Brent pricing and a favourable fiscal regime.
