Latest News
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02 Feb 26
Equatorial Guinea, Chevron sign Aseng Agreement, strengthening GEPetrol participation
The Ministry of Hydrocarbons and Mining Development of the Republic of Equatorial Guinea, in partnership with energy major Chevron, has officially signed the Heads of Agreement (HoA) for the financing of GEPetrol’s participation in the Aseng Gas Project in Block I. -
02 Feb 26
Tunisia: Voltalia wins a new solar project in Tunisia
Voltalia, an international player in renewable energies, has secured a 132-megawatt solar project in the Gabès region in south-east Tunisia -
02 Feb 26
Argentina: Equinor captures value through sale of Argentina onshore assets
Equinor has signed an agreement with Vista Energy to divest its full onshore position in Argentina’s Vaca Muerta basin. The transaction includes Equinor’s 30% non-operated interest in the Bandurria Sur asset and its 50% non-operated interest in the Bajo del Toro asset. Equinor’s Argentinian offshore acreage is not affected by the transaction. The total consideration is valued at around USD 1.1 billion. -
02 Feb 26
Italy: Zenith Energy acquires solar energy project in Piedmont
Zenith Energy, the listed international energy production and development company, has announced the acquisition of an agrivoltaic project at development stage located in the Piedmont region of Italy, through its wholly-owned Italian subsidiary, responsible for managing its solar energy portfolio, WESOLAR. -
02 Feb 26
Qatar: McDermott secures landmark definition engineering contract for Qatar's first major offshore decommissioning project
McDermott has been awarded a decommissioning definition engineering contract by QatarEnergy for the State of Qatar's inaugural offshore decommissioning initiative. Under the contract scope, McDermott will develop a comprehensive technical and commercial framework and conduct detailed techno-economic studies to ensure the safe and systematic retirement and removal of 27 aging offshore platforms. -
02 Feb 26
Libya: TGS signs Letter of Intent with subsidiary of Libya National Oil Corporation
TGS, a global provider of energy data and intelligence, has today announced the signing of a Letter of Intent (LOI) with North Africa Geophysical Company, (NAGECO),a subsidiary of the Libya National Oil Corporation (NOC), marking an important step toward expanding multi-client data activities in Libya. -
02 Feb 26
Indonesia: Empyrean Energy announces Duyung PSC update
Empyrean Energy has signed a binding term sheet for a settlement agreement with Conrad Asia Energy, the operator of the Duyung PSC and Mako Gas Field in Indonesia, which has successfully and amicably resolved the outstanding cash call dispute between Empyrean, Conrad and Conrad's subsidiary, West Natuna Exploration Limited ('WNEL'). -
02 Feb 26
China: Octopus Energy announces major China joint venture with PCG Power during Prime Minister’s visit
Octopus Energy Group, the UK’s largest energy supplier, has announced a new joint venture with China’s PCG Power to trade renewable energy across the world’s largest clean energy market. The deal, announced during the Prime Minister’s official visit to China, marks Octopus’ entry into the world’s largest renewable energy market and a major step in exporting British energy tech overseas. -
02 Feb 26
Energy Holdings: SeaBird Exploration signs contract extension for Eagle Explorer
SED Energy Holdings has announced that its wholly owned subsidiary, SeaBird Exploration, has signed a three-month contract extension for OBN source work for the Eagle Explorer in the Western Hemisphere. -
02 Feb 26
Norway: Aker BP starts oil production from the Solveig Phase 2 development in the North Sea
Aker BP has started oil production from the Solveig Phase 2 development in the North Sea. The project has been delivered on schedule and within budget, adding approximately 39 million barrels of oil equivalent in recoverable resources to the Solveig field. -
02 Feb 26
Africa will continue to drive global drilling activity in 2026 - Rystad Energy
The upstream sector is set to carry strong momentum into 2026, with high-impact wildcat drilling activity expected to remain elevated following a solid 2025. Last year, the success rate for high-impact wildcat wells rose to 38% from 23% in 2024, while total discovered volumes increased by 53% year on year to around 2.3 billion barrels of oil equivalent (boe), according to Rystad Energy’s research and analysis. -
02 Feb 26
Argentina: Archer enters into an agreement to sell the workover business in the south of Argentina
Archer has entered into an agreement with a local buyer regarding potential sale of the workover business in the south of Argentina. -
02 Feb 26
Italy: Zelestra delivers full commercial operations at its first solar facility in Italy, the 6.5 MWdc Ginosa plant
Zelestra, a global, multi-technology, customer-focused renewable energy company, has announced full commercial operations at the 6.5 MWdc Ginosa solar plant in Puglia, Italy. -
01 Feb 26
US: Baker Hughes, Expand Energy to deploy Leucipa™ across US natural gas fields
Baker Hughes, an energy technology company, has announced an award from Expand Energy, North America’s largest natural gas producer, to deploy its Leucipa™ automated field production solution across thousands of gas-producing wells in the United States. This multi-year agreement will help Expand Energy optimize production and strengthen North America’s natural gas supply chain. -
01 Feb 26
Albania: Albanian Prime Minister Edi Rama meets with Eni CEO Claudio Descalzi
Eni CEO Claudio Descalzi met in Tirana with the Prime Minister of the Republic of Albania, Edi Rama. Mr. Descalzi updated the Prime Minister on Eni’s activities in the country, highlighting exploration activities focusing on gas and on the onshore Dumrea permit, as well as initiatives related to the energy transition. -
01 Feb 26
GeoPark announces acquisition of Frontera Energy’s Colombian E&P assets to create leading independent E&P platform across Colombia and Argentina
Transaction doubles GeoPark’s production and reserves, enhances scale and cash flow generation, and strengthens capacity to fund growth in Vaca Muerta. The transaction creates a leading regional independent E&P platform across Colombia and Argentina, materially enhancing GeoPark’s scale, reserve base and cash-flow generation. -
01 Feb 26
Australia: Gas exploration investment to boost supply and put downward pressure on energy prices
Santos and Drillsearch Energy, Beach Energy's 100%-held subsidiary, have been named preferred tenderers for three gas exploration areas in the Cooper-Eromanga Basin, near the Queensland-South Australia border. The areas form part of a wider package of exploration areas opened for tender last year, aimed at unlocking future gas supply and putting downward pressure on energy prices. -
01 Feb 26
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on steady global economic outlook
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023 eaffirmed their decision on 2 November 2025 to pause production increments in March 2026 due to seasonality.
