Latest News
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28 Oct 25
Denmark: Greenvolt secures €35 million financing for large-scale hybrid project of over 150 MW in Denmark
The Greenvolt Group, through Greenvolt Power, has signed a €35 million project finance agreement with Ringkjøbing Landbobank to finance the construction and operation of a large-scale hybrid project in Høegholm, Denmark, combining solar photovoltaic generation and battery energy storage (BESS). -
28 Oct 25
UAE: NMDC Energy’s revenue surges 33% Y-o-Y to AED 13 billion in 9M 2025, with Net Profit Reaching AED 951 million
United Arab Emirates-based NMDC Energy has announced solid financial results for the first nine months of 2025, with revenue surging 33% Y-o-Y to AED 13.0 billion and net profit gaining 5% Y-o-Y to AED 951 million, on the back of solid backlog execution across multiple markets. -
28 Oct 25
Saudi Arabia: TotalEnergies and Aljomaih Energy & Water awarded a 400 MW solar project
The consortium comprising France's TotalEnergies and Saudi developer Aljomaih Energy & Water (AEW) has been awarded by the Saudi Power Procurement Company (SPPC) following a tender process, the license to develop, build and operate a 400 megawatts (MW) solar power plant in As Sufun, KSA. -
28 Oct 25
UK: Low auction budget puts UK offshore wind at risk
The UK Government has announced an initial budget for the next offshore wind auction round (Allocation Round 7, or AR7). The initial proposed budget is £900m for conventional bottom-fixed offshore wind and £180m for floating wind. This would 'buy' only 5 – 6 GW of capacity in the auction. The UK currently has 16.6 GW in offshore wind and wants 50 GW by 2030. -
28 Oct 25
Odfjell Technology awarded five-year contract in the Middle East
Odfjell Technology has been awarded a contract to supply fishing services for drilling and workover operations with a major oil and gas company in Kuwait. The contract, which is for five years with a one-year option period, will see Odfjell Technology begin operations during Q1 2026 as the specialist integrated supplier of well services technology and engineering solutions. -
28 Oct 25
UK: Offshore wind farm developers offer millions in funding to new UK supply chain companies - Offshore Wind Industry Council media release
The offshore wind industry is offering funding worth up to £25 million to each UK-based company wanting to enter the offshore wind supply chain or to expand their existing facilities. The grants will boost the volume of wind farm components being made in Britain, creating thousands of high-quality jobs throughout the country. -
28 Oct 25
Seatrium reinforces market leadership with S$170 million in repair and upgrade wins
Seatrium, a global leader in offshore and marine engineering solutions, has secured a series of repair and upgrade contracts worth an aggregate of about S$170 million. -
28 Oct 25
Nordex Group raises its outlook for Full Year 2025 EBITDA margin guidance following strong preliminary Q3 figures
The Nordex Group has announced an upward revision to its full-year 2025 EBITDA margin guidance. The EBITDA margin is now expected to be in the range of 7.5 – 8.5%, compared to the previous guidance of 5.0 – 7.0%. This adjustment follows a review of preliminary third-quarter 2025 financial results and the updated full year forecast. -
28 Oct 25
Timor Leste: Finder Energy completes TIMOR GAP farm-in
Finder Energy Holdings has advised that the Farmin Agreement with joint venture partner TIMOR GAP PSC 11-106 Unipessoal, Limitada (TIMOR GAP) has now completed following receipt of all necessary regulatory and third-party approvals. -
28 Oct 25
UK: OEUK responds to AR7 budget
Offshore Energies UK (OEUK), the leading trade body for the UK’s offshore energy sector, has responded to the Government’s allocated budget for Allocation Round 7 (AR7). -
28 Oct 25
Cancellation of listing and trading of Petrofac ordinary shares
Following the appointment of administrators to Petrofac Limited (the Group’s ultimate holding company), the listing of the Company’s shares on the equity shares (commercial companies) segment of the Official List and on the main market for listed securities maintained by the London Stock Exchange is expected to be cancelled. -
28 Oct 25
UK Government announces Allocation Round 7 budget
Claire Mack OBE, Chief Executive of Scottish Renewables, comments on the announcement on October 27 by the Department for Energy Security and Net Zero (DESNZ) of the budget for the Contracts for Difference (CfD) Allocation Round 7 (AR7) to support new offshore wind projects. -
28 Oct 25
BW Energy announces third quarter results 2025
BW Energy delivered continued strong operational performance in the third quarter of 2025, with high production uptime, efficient execution of the annual Dussafu maintenance program and competitive cost levels. The Maromba development and the Golfinho Boost project progressed to plan with key financing milestones completed, and the Kharas-1A appraisal well on the Kudu field offshore Namibia was successfully spudded towards the end of the period. -
28 Oct 25
LUKOIL announces its intention to sell its international assets
LUKOIL has announced that owing to the introduction of restrictive measures against the Company and its subsidiaries by some states the Company intends to sell its international assets. The consideration of bids from potential purchasers has been started. -
28 Oct 25
Conrad Asia Energy provides quarterly activities report for the period ending 30 September 2025
Conrad Asia Energy, an Asia-focused natural gas exploration and development company, has provided an overview of activities for the quarter ending 30 September 2025.Conrad is engaged in discussions with a preferred candidate for the farm-down of some of its Participating Interest and related financing of the Duyung Production Sharing Contract (Mako Field). -
27 Oct 25
SLB and Ormat partner to accelerate integrated geothermal asset development and enhanced geothermal systems
Global energy technology company SLB and leading geothermal and renewable energy company Ormat Technologies have announced an agreement to fast-track the development and commercialization of integrated geothermal assets, including enhanced geothermal systems (EGS). -
27 Oct 25
Halliburton signs framework agreement for umbilical-less tubing hanger installations
Halliburton has signed a framework agreement to provide umbilical-less tubing hanger installation and retrieval services using the Remote Operated Controls Systems (ROCS) technology to Shell. The agreement follows a successful three-well technology phase in the Gulf of America that highlights ROCS's effectiveness in deepwater environments. -
27 Oct 25
Noble Corporation announces third quarter 2025 results
Noble Corporation has reported third quarter 2025 results. The Company achieved solid operational performance and cash flow in the third quarter, while several key contract awards have enabled Noble to expand backlog compared to prior quarter and year ago levels. -
27 Oct 25
Egypt: Eni and the Bioenergy Association for Sustainable Development of Egypt sign agreement on Carbon Offset Solutions and Bioenergy Projects
Eni and the Bioenergy Association for Sustainable Development, affiliated with the Ministry of Environment of the Arab Republic of Egypt, signed in Cairo today a cooperation agreement to prepare a comprehensive feasibility study for establishing biogas production units based on the treatment of animal and agricultural waste. -
27 Oct 25
Turkey: Eni CEO Claudio Descalzi meets with the President of Turkey Recep Tayyip Erdogan
Eni CEO Claudio Descalzi met with the President of the Republic of Turkey Recep Tayyip Erdogan today in Ankara. The meeting was also attended by Minister of Energy and Natural Resources Alparslan Bayraktar. The meeting provided an opportunity to discuss current dynamics in global energy markets and identify potential collaborative initiatives aimed to diversify the energy supply from different vectors and geographies.
