Latest News
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09 Jan 26
UK: Hibiscus Petroleum sees 32% uplift of 2P oil reserves of Teal West field, U.K.
Hibiscus Petroleum has announced that, following the drilling of the well and a review of subsurface data, its Teal West field is estimated to contain 2P oil reserves of 4.5 million barrels of oil ('MMbbl'), a 32% increase over the previously reported 3.4 MMbbl. -
09 Jan 26
UK: Heysham 2 takes top UK nuclear generation title
Heysham 2 power station, in Lancashire, has achieved a record-breaking generation milestone over the Christmas period. The EDF-owned station, which was first connected to the grid in 1988, is now the UK’s most productive nuclear power station. -
09 Jan 26
UK: Sodexo workers at Sullom Voe terminal strike
Unite has confirmed that Sodexo workers resumed 24-hour strike action (Wednesday 7 January) as part of an escalating pay dispute with the company. -
09 Jan 26
TGS reports reports Q4 2025 operational update
TGS has published a quarterly operational update. Sismic vessel utilization reached 79% in Q4, up from 73% in the previous quarter. Based on preliminary financial review TGS expects multi-client investment to be close to USD 120 million in Q4 2025, compared to USD 100.4 million in Q4 2024. -
09 Jan 26
Norway: Norwegian Offshore Directorate reports best exploration year in several years
Last year's exploration result was among the best in several years, according to the Norwegian Offshore Directorate's summary of activity on the Norwegian continental shelf (NCS) in 2025. -
09 Jan 26
Solstad Offshore announces contract extension and amendment for Normand Turquesa
Anchor Handling Tug Supply (AHTS) Normand Turquesa has a firm commitment with Petrobras until January 2031, with a total gross contract value of approx. USD 100 million. -
08 Jan 26
Norway: Soiltech to perform fluid treatment and other services on Deepsea Yantai
Soiltech will perform fluid treatment, onshore waste handling and associated services on the harsh environment semisubmersible rig Deepsea Yantai on the NCS, under contracts with DNO, Wellesley Petroleum, and Well Expertise. -
08 Jan 26
Norway: Aker Solutions cuts costs and adjusts workforce
To adapt to the market situation and prepare for the future, Aker Solutions will reduce capacity and headcount in certain areas. As part of these measures, Aker Solutions expects that a reduction in headcount may affect just over 500 of the company’s 12,000 permanent full-time positions. -
08 Jan 26
Norway: Aker Solutions secures long-term maintenance and modifications frame agreements with Equinor
Aker Solutions has been awarded multiple five-year frame agreements with Equinor. Under the agreements, Aker Solutions will provide maintenance and modifications services for a range of assets on the Norwegian Continental Shelf (NCS) and onshore Norway. -
08 Jan 26
Norway: Equinor awards major contracts to Norwegian supplier industry
Equinor awards framework agreements to seven supplier companies with a total value of around NOK 100 billion. These agreements lay the foundation for safe and competitive operations at Equinor’s offshore installations and onshore plants in the years to come. Equinor awards twelve new framework agreements for maintenance and modifications on the company’s offshore installations and onshore plants. -
08 Jan 26
US: BLM oil and gas lease sale in New Mexico and Oklahoma generates nearly $327 million in revenue
The Bureau of Land Management leased 31 parcels totaling 20,399 acres in New Mexico and Oklahoma for $326,811,240 in total receipts during a quarterly oil and gas lease sale. The sale brought in over $218,751 for a single acre, the highest ever earned during a BLM competitive oil and gas lease sale since at least the 1987 Leasing Reform Act.
