Latest News
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07 Sep 26
UK: Shape plans for a new clean energy company, owned by Wales, to benefit Wales
People across Wales are being invited to have their say on proposals for a new public energy company owned by the people of Wales. -
07 Sep 26
UK: Forbes backs new North Sea drilling and brands UK approach ‘ludicrous’
Former deputy first minister Kate Forbes has backed new North Sea drilling and criticised the UK Government for increasing reliance on imported energy while domestic resources remain available. -
07 Sep 26
PNG: Santos to increase interest in Papua LNG
TotalEnergies has agreed with ExxonMobil to transfer operatorship of the Papua LNG project to ExxonMobil PNG Antelope Limited, in parallel with a partial sell-down of its participating interest to the other Papua LNG joint venture partners in proportion to their existing interests. -
07 Sep 26
The New Economics of Battery Trading in Europe
New research released by Volue, a global leader in electrification technology, demonstrates that two European battery projects built to the same specification at the same location, at much the same cost, can earn very different returns. -
07 Sep 26
Falklands: Milei threatens oil firms over Falklands development
Argentina’s president has threatened economic sanctions against companies developing oil resources around the Falkland Islands as he stepped up his country’s claim to the British overseas territory. -
07 Sep 26
UK: Six months on: Industry urgently needs a firm date for Treasury’s North Sea tax plan, says Offshore Energies UK
Offshore Energies UK (OEUK) has written to the Chancellor John Healey asking for urgent talks ahead of October’s Budget to re-affirm the Government’s commitment to a new tax regime for North Sea oil and gas production. -
07 Sep 26
Prospex announces operational update - EIA for Selva Malvezzi four-well programme declared admissible by MASE Operational
Prospex Energy, the AIM-quoted investment company focused on European gas and power projects, provides an operational update which demonstrates strong progress being made across all of the Company's operations in line with management expectations supported by a highly favourable macro-economic background for energy pricing in Europe. -
07 Sep 26
Papua LNG achieves major contractual and commercial milestones, marking decisive steps towards a Final Investment Decision.
TotalEnergies has announced that Papua LNG has achieved major contractual and commercial milestones, marking decisive steps towards a Final Investment Decision. -
07 Sep 26
Peru: PetroTal provides operations update
PetroTal, a publicly-traded oil and gas development and production company focused on the development of oil assets in Peru, has provided an operational update. Bretana development drilling campaign on schedule to resume in October. -
07 Sep 26
Oman: Kistos reports issuance of Royal Decree for Block 3 & 4 onshore Oman
Kistos has announced that it has now received confirmation of the grant of Royal Decree from the Sultanate of Oman in connection with the acquisition of Blocks 3 & 4 onshore Oman, from Mitsui. The effect of the grant of the Royal Decree is that legal ownership of Blocks 3 & 4 has now passed to Kistos. -
07 Sep 26
US: BLM proposes rule to streamline oil and gas permitting in Alaska’s National Petroleum Reserve, boosting energy production and local communities
The Bureau of Land Management is taking a major step toward unleashing Alaska’s energy potential by opening a 60-day public comment period on a new proposal to streamline oil and gas permitting in Alaska. The proposed rule aims to cut red tape and accelerate infrastructure development across the 23-million-acre National Petroleum Reserve in Alaska - driving forward American Energy Dominance following a formal petition from the Alaska Oil and Gas Association. -
07 Sep 26
Tunisia/Libya: JOINT OIL Announces Opening of New Bid Round for Zarat Development and Joint Oil Block Exploration Acreage
Details regarding the Joint Oil Block and Zarat Discovery bid round have been officially released by Joint Oil Exploration, Exploitation and Petroleum Services Company (Joint Oil) and its appointed advisor, Moyes & Co. (Moyes). Located in the prolific Gabes-Tripoli Basin of the central Mediterranean, this offshore acreage represents a premier opportunity for cross-border energy cooperation between Tunisia and Libya. -
06 Sep 26
Israel: Zion Oil & Gas completes horizontal drilling section at MJ-02 well in Israel
Zion Oil & Gas has successfully completed drilling and casing the horizontal section of the MJ-02 well. -
06 Sep 26
Malaysia: PETRONAS advances Malaysia's upstream data platform with agentic AI to accelerate E&P investment
PETRONAS, through Malaysia Petroleum Management (MPM), recently signed an agreement with Iraya Energies to enhance PETRONAS myPROdata with Agentic AI capabilities, providing investors and industry players with insight to Malaysia’s exploration and production data to support informed investment decisions and reinforce the country’s attractiveness as an upstream investment destination. -
06 Sep 26
UK: Baker Hughes awarded offshore production enhancement and stimulation services contract by bp
Baker Hughes, an energy technology company, has announced a significant award from bp to provide offshore stimulation services across the company’s UK North Sea operations. The award supports both new well development and enhanced recovery from mature fields. -
06 Sep 26
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability
The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 6 September 2026, to review global market conditions and outlook. The seven participating countries decided to maintain September 2026 required production for October 2026.
