Latest News
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14 Aug 26
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14 Aug 26
Venezuela: XRG advances global gas strategy with entry into Venezuela
XRG, ADNOC's international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence by the Bolivarian Republic of Venezuela, and the transfer of interest in the license by PDVsA Gas. The licence contains over 4 trillion cubic feet of proven gas resources. -
14 Aug 26
Indonesia Energy Corporation reports progress on drilling of K-29 well
Indonesia Energy Corporation, an oil and gas exploration and production company focused on Indonesia, has announced that its K-29 well, which was spudded on July 25, 2026, continues to drill ahead on schedule and has reached a depth of more than 2,500 feet. -
14 Aug 26
Brazil: Petro-Victory Energy delivers transformational first-year performance at Capixaba Energia
Petro-Victory Energy Corp, following the announcement of the partnership and acquisition of Capixaba Energia on April 29, 2025, has announced the results of its first year of operations at Capixaba Energia, highlighting significant production growth, improved operating margins and strong cash generation. -
14 Aug 26
Azerbaijan: Emerson to automate BP-operated Shah Deniz Compression project
BP has awarded global automation leader Emerson a multi-million-dollar contract to deliver automation technologies for the Shah Deniz Compression project off the coast of Azerbaijan. -
13 Aug 26
Senegal: Viridien signs strategic multi-client partnership with PETROSEN to unlock Senegal’s petroleum potential
Viridien has announced the signing of a strategic multi-client partnership agreement with Société de Pétroles du Sénégal (PETROSEN), Senegal's national petroleum company. -
13 Aug 26
Brazil: Petrobras' Tupi field reaches a cumulative production of 4 billion barrels
The Tupi field, in the pre-salt layer of the Santos Basin, has reached a cumulative production of 4 billion barrels of oil equivalent (boed), becoming the first in the company's 73-year history to achieve this production volume. The first pre-salt system to enter commercial production, in 2010, it required the development of a new exploration model and pioneering technologies. -
13 Aug 26
Venezuela: bp awarded Loran Phase 2 licence as bp and Venezuela deepen offshore energy cooperation
bp and the Government of the Bolivarian Republic of Venezuela have signed agreements to advance offshore gas development, including the award of an exploration and production licence for Phase 2 of the Loran field in the Plataforma Deltana area. Loran Phase 2 contains an estimated 4 trillion cubic feet of recoverable gas resources. -
13 Aug 26
Solstad Maritime signs Letter of Intent with a key client to contract the CSV Normand Cutter
Solstad Maritime has signed a Letter of Intent with a key client to contract the CSV Normand Cutter. The vessel will support subsea operations in West Africa and as part of the contract, SOMA will deliver, with support from Omega Subsea AS, two work class ROVs (WROVs) with manning, as well as tooling, survey services, and project personnel. -
13 Aug 26
Germany: Cadeler installs final turbine at He Dreiht Offshore Wind Farm
Cadeler has completed the final turbine installation at the 960 MW He Dreiht Offshore Wind Farm in the German North Sea. The final turbines were installed by Wind Keeper, under its long-term contract with Vestas. -
13 Aug 26
Norway: Shearwater brings Isometrix into site characterisation with two North Sea surveys
Shearwater is applying its proprietary single sensor multicomponent Isometrix streamer technology in a new way this summer, using it to deliver two 3D site characterisation surveys on the Norwegian Continental Shelf. -
13 Aug 26
UK: New report reveals North Sea revenue drop off as firms flee EPL
New data from the Government Expenditure and Revenue Scotland (Gers) report has revealed revenue from the North Sea has fallen £1.6billion in the space of two years. The figures show North Sea revenue has dropped off sharply from close to £5.5billion in 2023-24, to just under £4.5billion in 2024-25, and most recently to £3.9 billion in 2025-26. -
13 Aug 26
Mongolia: Petro Matad agrees 2026 Oil Sales Agreement with
Petro Matad agrees 2026 Oil Sales Agreement with PetroChina for Block XX production and secures development rights to three utility-scale renewable energy projects, significantly expanding its portfolio in Mongolia. -
13 Aug 26
UK: Reinstated wells produced 16 million boe in 2025
North Sea operators produced an extra 16 million barrels of oil from 56 reinstated wells in 2025 as they focused on well interventions which boosted production and efficiency. The success of this campaign has been supported by a significant improvement in intervention efficiency, with the cost per barrel of oil equivalent added decreasing from £9.60/boe in 2024 to £7.60/boe in 2025. A total of 398 well interventions were carried out in the year. -
13 Aug 26
UK: Leading North Sea operators back NSTA well decommissioning charter
North Sea operators have pledged to support an initiative to help them meet their well decommissioning obligations, boost the supply chain and potentially deliver significant savings for industry and taxpayers. The North Sea Transition Authority (NSTA) and 17 operators have signed a charter with a set of guiding principles, including working collaboratively to develop a smoother approach to wellhead removals. -
13 Aug 26
Azerbaijan: Wood Nobel Energy secures key role in Azerbaijan’s Nakhchivan power project
Wood Nobel Energy has been awarded the front-end engineering design (FEED) contract for the Nakhchivan Combined Cycle Thermal Power Plant in Azerbaijan, supporting a key project that will strengthen power generation and export in the Nakhchivan Autonomous Republic. -
13 Aug 26
Saipem awarded an offshore contract in the Middle East worth approx. 1.8 billion USD
Saipem has been awarded an offshore EPCI contract in the Middle East, valued at approx. 1.8 billion USD. The project will leverage Saipem’s proven regional track record in delivering pipeline and offshore infrastructure, supported by its regional vessels and advanced engineering capabilities. -
13 Aug 26
RWE delivers strong first-half results
RWE achieved adjusted EBITDA of €3.0 billion in the first half of 2026, significantly exceeding the prior-year figure of €2.1 billion. Adjusted net income rose to €1.3 billion, up from €0.8 billion in the same period last year. Adjusted earnings per share increased to €1.77 from €1.08. The strong earnings growth was driven by robust operational performance across all segments. -
13 Aug 26
Germany: Nordex Group receives orders totaling 82 MW from EFG Energy Farming Group in Lower Saxony, Germany
The Nordex Group has received orders from the EFG Energy Farming Group for the supply and installation of a total of twelve wind turbines for several citizen wind projects in Lower Saxony. The 'Erlte-Endel' project in the district of Vechta and the 'Bad Essen' project cluster in the district of Osnabrück together comprise an installed capacity of around 82 MW. -
13 Aug 26
Orsted continues its strategic progress, delivers solid operational performance, and is on track to deliver on its 2026 financial guidance
Ørsted’s Board of Directors have approved the interim financial report for the first half year 2026. Ørsted continued its strategic progress and made significant progress on construction projects across three continents.
