Latest News
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04 Nov 25
SLB unveils groundbreaking new agentic AI technology for the energy industry
Global energy technology company SLB has announced the launch of Tela™, an agentic AI assistant purpose-built to transform the upstream energy sector. Tela leverages agentic AI to not only automate processes but transform workflows and drive better business outcomes. -
04 Nov 25
Norway: OKEA announces third quarter 2025 financial results
OKEA continued to deliver on and above plan on its operated assets and made a significant discovery with the Talisker exploration well at Brage. Production was solid, with the additional volumes produced from the new Sognefjord East well on Brage offsetting planned maintenance at other assets. -
03 Nov 25
UAE: THREE60 Energy accelerates Middle East growth with acquisition of Total Vision
THREE60 Energy, one of the fastest-growing companies in the global energy services sector, has announced a major step in its Middle East growth strategy with the acquisition of Total Vision (TV), a multidisciplinary engineering and project management services provider in Abu Dhabi, United Arab Emirates (UAE). -
03 Nov 25
US: SM Energy and Civitas Resources to combine in $12.8 billion transformational combination delivering superior stockholder value
SM Energy and Civitas Resources have entered into a definitive merger agreement involving an all-stock transaction.The combined company's enterprise value of approximately $12.8 billion is inclusive of each company's net debt. -
03 Nov 25
Israel: Energean signs LOI to supply natural gas to Cyprus via pipeline from Israel
Energean has announced the signing of a Letter of Intent (LOI) with Cyfield, a leading Cypriot industrial and energy group, for the potential supply of natural gas to Cyfield’s planned power generation facility in the Mari area of Larnaca. -
03 Nov 25
Odfjell Technology extends Master Service Agreement for additional 2-years with Serica
Odfjell Technology (UK) has confirmed a two-year extension to its Master Service Agreement with Serica Energy (UK). This continued collaboration highlights the strong relationship and ongoing commitment to delivering high-quality campaign support and maintenance services in the energy sector. -
03 Nov 25
LUKOIL receives offer from Gunvor to purchase international assets
LUKOIL has received an offer from Gunvor Group to purchase LUKOIL International GmbH (100% subsidiary of PJSC 'LUKOIL' which owns international assets of LUKOIL Group). The key terms of the transaction have been earlier agreed by the parties. LUKOIL accepted the offer, having undertaken not to negotiate with other potential buyers. -
03 Nov 25
Brazil: Allseas awarded Atapu-2 subsea contract by Petrobras
Petrobras has contracted Allseas to deliver a rigid riser-based subsea solution for the ultra-deepwater Ataptu-2 pre-salt field development, 230 kms offshore Rio de Janeiro, Brazil. -
03 Nov 25
Indonesia/Malaysia: Eni and PETRONAS sign Investment Agreement to establish new JV Satellite Company in Indonesia and Malaysia
Eni and PETRONAS have announced a binding agreement to establish an independent company (NewCo) under equal ownership, by combining their respective upstream assets in Indonesia and Malaysia. -
03 Nov 25
US: Shell withdraws from Atlantic Shores Offshore Wind, assigning its membership interest to existing joint venture partner, EDF power solutions
Shell New Energies US, a subsidiary of Shell, has voluntarily withdrawn from Atlantic Shores Offshore Wind, LLC (Atlantic Shores), assigning its 50% outstanding membership interests to existing joint venture partner, EDF-RE Offshore Development, LLC (EDF power solutions), with an immediate effective date. -
03 Nov 25
Namibia/South Africa: Eliis and Searcher partner to bring fresh insights to the Orange Basin
Eliis and Searcher have announced a strategic partnership to analyse extensive seismic data from the Orange Basin. The project will leverage Eliis’s PaleoScan™ software to screen and interpret Searcher’s large scale 3D multi-client seismic surveys. -
03 Nov 25
Norwegian Offshore Directorate issues new CCS guidelines relating to storage of CO2 on the Norwegian continental shelf
The Norwegian Offshore Directorate has drawn up guidelines explaining how to fulfil the requirements in Section 26 of the Regulations relating to documentation in connection with storage of CO2 on the Norwegian continental shelf. -
03 Nov 25
US: Meren begins trading on OTCQX Best Market in the United States
Meren Energy, a full-cycle Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea, has announced that its common shares have qualified to trade on the OTCQX Best Market in the United States. -
03 Nov 25
US: bp unlocks value, divests non-controlling interests in US onshore midstream assets for $1.5 billion
bp has reached an agreement for Sixth Street-managed funds to purchase non-controlling interests in Permian and Eagle Ford midstream assets of bpx energy – bp’s US onshore oil and gas business. bpx will remain operator of all the assets. -
03 Nov 25
Australia: Moomba CCS receives record Australian Carbon Credit Units after first year of operations
Santos’ Moomba Carbon Capture and Storage (CCS) project has achieved a major milestone for emissions reduction technology in Australia after receiving the single largest issuance of Australian Carbon Credit Units (ACCUs) from the Clean Energy Regulator (CER). -
03 Nov 25
UK: Angus Energy announces third quarter 2025 production, operations, corporate and finance update
Production from the Saltfleetby Field in the Third Quarter of 2025 was 374 million standard cubic feet of natural gas and 6,519 barrels of gas condensate. Gas sales of 4.16 million therms were achieved in the Quarter from the Saltfleetby Field. Legacy Hedges have rolled off, and Company recorded a hedging profit of £0.152m in the quarter. -
03 Nov 25
US: Buccaneer Energy announces spud of Allar-1
AIM-listed Buccaneer Energy, an international oil & gas exploration and production company with development and production assets in Texas, USA, has announced the spud of the Allar-1 well (32.5% WI) in the Fouke area of the Pine Mills Field. -
03 Nov 25
Kosmos Energy announces third quarter 2025 results
Kosmos Energy has announced its financial and operating results for the third quarter of 2025. For the quarter, the Company generated a net loss of $124 million, or $0.26 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $72 million, or $0.15 per diluted share for the third quarter of 2025. -
03 Nov 25
Buccaneer Energy announces completion of £500,000 fundraise
AIM-listed Buccaneer Energy, the international oil & gas exploration and production company with development and production assets in Texas, USA, has announced a successful fundraise to further evaluate and progress a bitcoin mining operation as part of its planned Fouke area development programme. -
03 Nov 25
Norway: Aker Solutions extends role as Equinor’s inspection services provider in Norway
Aker Solutions has secured a sizeable four-year contract extension to provide onshore and offshore inspection services. Aker Solutions will continue to deliver inspection services across more than 15 operating facilities in Norway. -
03 Nov 25
DOF Group announces contract extensions for Skandi Nomad and Skandi Constructor
DOF Group has announced that the contracts of Skandi Nomad and Skandi Constructor, both operating in Guyana, have been extended by one year each. Following the extensions, Skandi Nomad is contracted until Q4-2026 and Skandi Constructor until Q2-2027.
