Latest News
-
16 Jul 26
UK: Public consultation opens on £8.7 billion Rosebank project as Adura urges investment in UK’s reindustrialisation
Adura has welcomed the opening of public consultation by the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) on the Rosebank oil and gas field. The consultation, which has now opened and will run until 17th August 2026, forms part of the regulatory process required before Rosebank can commence production. -
16 Jul 26
Saudi Arabia: Halliburton awarded LSTK contracts by Aramco for onshore oil re-entry program
Halliburton has been awarded lump sum turnkey (LSTK) contracts by Aramco in multiple onshore fields in the Kingdom of Saudi Arabia. The awards expand Halliburton’s role in the program and demonstrate the Company’s ability to grow through integrated well delivery at scale. -
16 Jul 26
Baker Hughes completes acquisition of Chart Industries
Baker Hughes has announced the successful completion of its acquisition of Chart Industries. This strategic transaction is a major milestone in Baker Hughes’ transformation into a higher-value, leading industrialized energy solutions company. -
16 Jul 26
UK: NSTA announces support for carbon storage industry
The North Sea Transition Authority (NSTA) has published three new sets of documents intended to help carbon storage licensees save time and resources when dealing with CS requirements and approvals. -
16 Jul 26
Namibia: ReconAfrica announces hydrocarbon flow from the Elandshoek formation at Kavango West 1X, proceeding to test the Huttenberg formation
Reconnaissance Energy Africa ('ReconAfrica'), along with its partners BW Energy (20% WI) and the National Petroleum Corporation of Namibia ('NAMCOR', 10% carried WI), has announced the preliminary production testing results from the three lowest zones in the Elandshoek formation on the Kavango West 1X discovery well, which began testing operations on June 8, 2026. -
16 Jul 26
UK: OEG approved to deliver Wind Turbine Safety Rules training under Energy Institute agreement
Leading global energy solutions company, OEG, has become an approved WTSR training provider through an agreement with the Energy Institute (EI) to deliver Wind Turbine Safety Rules (WTSR) training at its dedicated facility in Bootle, Merseyside (UK). -
16 Jul 26
Netherlands: DNV supports technical due diligence for EV charging infrastructure transaction in the Netherlands
DNV has completed technical due diligence (TDD) for asset management companies Aberdeen Investments and DigitalBridge in relation to the acquisition of Equans Infra & Mobility B.V., an established electric vehicle (EV) charging infrastructure business in the Netherlands. -
16 Jul 26
Getech secures new Globe Contract with European Energy Super-Major
Getech, a leading locator of subsurface resources, has signed a multi-year agreement with a European-headquartered oil and gas super-major for access to its industry-leading Globe platform. The new contract has a total value of $660k to be recognised over three years as annual recurring revenue. -
16 Jul 26
UK: CB&I to complete Kittiwake journey with Life of Field Contract Award
CB&I’s Asset Solutions business (formerly part of Petrofac) has secured a further contract with EnQuest to continue managing the Kittiwake asset in the UK North Sea as Duty Holder through to cessation of production (COP) and decommissioning. -
16 Jul 26
UK: Government publishes full details of post-EPL North Sea tax regime
The UK Government has published the draft legislation for its new permanent fiscal regime for the North Sea, confirming the structure of the Oil and Gas Revenue Levy (OGRL) that will replace the Energy Profits Levy (EPL) when it ends. -
16 Jul 26
bp to sell majority of bp Ventures portfolio
bp has reached an agreement with Verdane to divest bp Ventures’ minority interests in more than 10 companies in its portfolio, subject to regulatory and contractual approvals. bp will retain interests in a small number of investments where the technology has the potential to create value for its businesses. -
16 Jul 26
Pharos Energy announces Trading and Operations Update
Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has provided a Trading and Operations Update ahead of the Company's Interim Results on 23 September 2026. -
16 Jul 26
UK: Orcadian commences the Assessment Phase for the development of the Earlham and Orwell gas fields in the UK North Sea
AIM-listed Orcadian has commenced the Assessment Phase for the development of the Earlham and Orwell gas fields on its 100% owned licence, P2680. The Company's preferred development concept is an offshore power station with integrated carbon capture, fuelled by Earlham and Orwell gas, and generating low-carbon power for a co-located offshore data centre, as the first phase of an islanded, low-carbon, offshore grid (the 'Earlham Gigagrid'). -
16 Jul 26
UK: Cross-industry coalition urges Labour MPs to back North Sea
A cross-industry coalition of business leaders, trade unions and trade bodies has urged Labour MPs to prioritise homegrown oil and gas over imports, warning that the UK's economic future depends on maintaining domestic energy production alongside investment in renewables. -
16 Jul 26
Saudi Arabia: Aramco awards Halliburton long-term contract for unconventional gas program
Aramco has awarded Halliburton a multi-year contract to deliver integrated stimulation and completion services for unconventional gas development in the Kingdom of Saudi Arabia. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally. -
16 Jul 26
Aker Solutions announces second-quarter and half-year results 2026
Aker Solutions delivered solid financial performance in the second quarter and the first half of 2026. Several key project milestones were met during the quarter. Aker Solutions now expects 2026 revenue to be between NOK 50 and 55 billion with EBITDA margins of around 7.5 percent excluding net profit from SLB OneSubsea. -
16 Jul 26
UK: Entr and Unitech Power Systems to support Scotland’s Bellrock Offshore Wind Farm
Aker Solutions’ consultancy arm, Entr and its wholly owned subsidiary Unitech Power Systems have been awarded a contract by Nadara, one of Europe’s largest renewable-energy independent power producers. The contract is for electrical infrastructure studies for the proposed 1.8 GW Bellrock Offshore Wind Farm, 120km off the coast of Aberdeenshire, Scotland.
