Latest News
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03 Nov 25
LUKOIL receives offer from Gunvor to purchase international assets
LUKOIL has received an offer from Gunvor Group to purchase LUKOIL International GmbH (100% subsidiary of PJSC 'LUKOIL' which owns international assets of LUKOIL Group). The key terms of the transaction have been earlier agreed by the parties. LUKOIL accepted the offer, having undertaken not to negotiate with other potential buyers. -
03 Nov 25
Brazil: Allseas awarded Atapu-2 subsea contract by Petrobras
Petrobras has contracted Allseas to deliver a rigid riser-based subsea solution for the ultra-deepwater Ataptu-2 pre-salt field development, 230 kms offshore Rio de Janeiro, Brazil. -
03 Nov 25
Indonesia/Malaysia: Eni and PETRONAS sign Investment Agreement to establish new JV Satellite Company in Indonesia and Malaysia
Eni and PETRONAS have announced a binding agreement to establish an independent company (NewCo) under equal ownership, by combining their respective upstream assets in Indonesia and Malaysia. -
03 Nov 25
US: Shell withdraws from Atlantic Shores Offshore Wind, assigning its membership interest to existing joint venture partner, EDF power solutions
Shell New Energies US, a subsidiary of Shell, has voluntarily withdrawn from Atlantic Shores Offshore Wind, LLC (Atlantic Shores), assigning its 50% outstanding membership interests to existing joint venture partner, EDF-RE Offshore Development, LLC (EDF power solutions), with an immediate effective date. -
03 Nov 25
Namibia/South Africa: Eliis and Searcher partner to bring fresh insights to the Orange Basin
Eliis and Searcher have announced a strategic partnership to analyse extensive seismic data from the Orange Basin. The project will leverage Eliis’s PaleoScan™ software to screen and interpret Searcher’s large scale 3D multi-client seismic surveys. -
03 Nov 25
Norwegian Offshore Directorate issues new CCS guidelines relating to storage of CO2 on the Norwegian continental shelf
The Norwegian Offshore Directorate has drawn up guidelines explaining how to fulfil the requirements in Section 26 of the Regulations relating to documentation in connection with storage of CO2 on the Norwegian continental shelf. -
03 Nov 25
US: Meren begins trading on OTCQX Best Market in the United States
Meren Energy, a full-cycle Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea, has announced that its common shares have qualified to trade on the OTCQX Best Market in the United States. -
03 Nov 25
US: bp unlocks value, divests non-controlling interests in US onshore midstream assets for $1.5 billion
bp has reached an agreement for Sixth Street-managed funds to purchase non-controlling interests in Permian and Eagle Ford midstream assets of bpx energy – bp’s US onshore oil and gas business. bpx will remain operator of all the assets. -
03 Nov 25
Australia: Moomba CCS receives record Australian Carbon Credit Units after first year of operations
Santos’ Moomba Carbon Capture and Storage (CCS) project has achieved a major milestone for emissions reduction technology in Australia after receiving the single largest issuance of Australian Carbon Credit Units (ACCUs) from the Clean Energy Regulator (CER). -
03 Nov 25
UK: Angus Energy announces third quarter 2025 production, operations, corporate and finance update
Production from the Saltfleetby Field in the Third Quarter of 2025 was 374 million standard cubic feet of natural gas and 6,519 barrels of gas condensate. Gas sales of 4.16 million therms were achieved in the Quarter from the Saltfleetby Field. Legacy Hedges have rolled off, and Company recorded a hedging profit of £0.152m in the quarter. -
03 Nov 25
US: Buccaneer Energy announces spud of Allar-1
AIM-listed Buccaneer Energy, an international oil & gas exploration and production company with development and production assets in Texas, USA, has announced the spud of the Allar-1 well (32.5% WI) in the Fouke area of the Pine Mills Field. -
03 Nov 25
Kosmos Energy announces third quarter 2025 results
Kosmos Energy has announced its financial and operating results for the third quarter of 2025. For the quarter, the Company generated a net loss of $124 million, or $0.26 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $72 million, or $0.15 per diluted share for the third quarter of 2025. -
03 Nov 25
Buccaneer Energy announces completion of £500,000 fundraise
AIM-listed Buccaneer Energy, the international oil & gas exploration and production company with development and production assets in Texas, USA, has announced a successful fundraise to further evaluate and progress a bitcoin mining operation as part of its planned Fouke area development programme. -
03 Nov 25
Norway: Aker Solutions extends role as Equinor’s inspection services provider in Norway
Aker Solutions has secured a sizeable four-year contract extension to provide onshore and offshore inspection services. Aker Solutions will continue to deliver inspection services across more than 15 operating facilities in Norway. -
03 Nov 25
DOF Group announces contract extensions for Skandi Nomad and Skandi Constructor
DOF Group has announced that the contracts of Skandi Nomad and Skandi Constructor, both operating in Guyana, have been extended by one year each. Following the extensions, Skandi Nomad is contracted until Q4-2026 and Skandi Constructor until Q2-2027. -
03 Nov 25
European cement producer to test Capsol's carbon capture technology
Capsol Technologies, a leading provider of carbon capture technology, has signed a CapsolGo[®] rental agreement with a large European cement producer. The agreement includes the delivery of a six-month carbon capture and liquefaction demonstration campaign at a European cement plant. -
03 Nov 25
Cenovus announces third-quarter 2025 results
Cenovus Energy has announced its third-quarter 2025 financial and operating results. The company generated approx. $2.1 billion in cash from operating activities, $2.5 billion of adjusted funds flow and $1.3 billion of free funds flow. Operating results in the quarter included record Upstream production of 832,900 barrels of oil equivalent per day (BOE/d) -
03 Nov 25
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability and adjust production
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman, met virtually on 2 November 2025 to review global market conditions and outlook. -
03 Nov 25
Brazil: Vallourec wins a major deep water integrated contract with TechnipFMC in Brazil
Vallourec, a world leader in premium seamless tubular solutions, announces that it has secured a contract with TechnipFMC to supply line pipes for the Orca project (formerly known as Gato do Mato), a major deepwater development located in the Santos Basin. Basin (Brazil), operated by Shell Brasil. T -
03 Nov 25
US: Wood completes sale of North America T&D to Qualus
Wood has completed the sale of its North American Transmission & Distribution engineering business ('North America T&D') to Qualus and 2737813 ALBERTA (together, Qualus) for an enterprise value of $110 million and cash proceeds of approx. $105 million net of transaction costs. -
03 Nov 25
Egypt: TAG Oil awarded PSA for development of Abu Roash 'F' reservoir in Southeast Ras Qattara Concession
TAG Oil has received approval to enter into a petroleum services agreement ('PSA') by the Egyptian National Petroleum for Exploration and Development Company ('ENPEDCO') for the development of the unconventional Abu Roash 'F'('ARF') reservoir within the Southeast Ras Qattara concession (the 'SERQ Concession') in Egypt’s Western Desert. -
03 Nov 25
UK: Copenhagen Infrastructure Partners acquires first biogas plant in the UK
Copenhagen Infrastructure Partners (CIP), through its CI Advanced Bioenergy Fund I (CI ABF I), has made a final investment decision to acquire a combined pre-treatment and biogas plant from Ørsted, a Danish renewable energy company. -
03 Nov 25
Qatar: QatarEnergy awards EPC contract for a 4.1 MTPA carbon capture and sequestration project
QatarEnergy has awarded Samsung C&T Corporation the engineering, procurement, and construction (EPC) contract for a landmark carbon capture and sequestration (CCS) project to serve QatarEnergy’s existing LNG production facilities in Ras Laffan Industrial City. -
03 Nov 25
Chevron reports third quarter 2025 results
Chevron reports earnings of $3.5 billion; adjusted earnings of $3.6 billion Record production of 4.1 million BOE per day; 21 percent higher than last year. Cash flow from operations of $9.4 billion; adjusted free cash flow of $7.0 billion. -
03 Nov 25
UK: OEUK prepares offshore workforce for new safety policy in 2026
OEUK is raising awareness of a new safety policy that has been developed by industry in response to concerns highlighted by the Maritime and Coastguard Agency (MCA) regarding the limitations of Search and Rescue winching systems. These systems, critical for the rescue of offshore personnel, are designed to safely lift individuals weighing under 124kg (over 19 stone). -
03 Nov 25
Netherlands/Germany: L&T secures a key role in TenneT’s landmark Offshore Wind Programme
Larsen & Toubro (L&T) has achieved a major milestone in its Offshore Wind Business by securing a critical role in the prestigious High Voltage Direct Current (HVDC) offshore wind programme of TenneT, the Dutch German transmission system operator. -
03 Nov 25
Norway: Pandion Energy completes divestment in the Valhall and Hod fields, and the Slagugle and Mistral discoveries
Pandion Energy has completed the previously announced agreement to sell its participating interests in three assets, comprising seven production licenses on the Norwegian Continental Shelf (NCS), to INPEX Idemitsu Norge. -
03 Nov 25
Norway: Northern Ocean announces contract extension for Deepsea Bollsta
Northern Ocean has announced an extension of the contract for Deepsea Bollsta with Equinor for drilling on Johan Sverdrup. In continuation of the initial 2 years firm term, the contract has now been extended by 5 months in order to complete an 8 well program for the Johan Sverdrup Unit. -
03 Nov 25
ExxonMobil announces third-quarter 2025 results
Exxon Mobil Corporation on Oct 31 announced third-quarter 2025 earnings of $7.5 billion, or $1.76 per share assuming dilution. Cash flow from operating activities was $14.8 billion and free cash flow was $6.3 billion. Shareholder distributions totaled $9.4 billion, including $4.2 billion of dividends and $5.1 billion of share repurchases, consistent with the company's announced plans.
