Latest News
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01 Dec 25
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, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 30 November 2025, to review global market conditions and outlook. The eight participating countries reaffirmed their decision on 2 November 2025 to pause production increments in January, February, and March 2026. -
01 Dec 25
Finland: Fortum acquires 4.4 GW of Finnish Wind Projects from ABO Energy
ABO Energy has completed the sale of a 4.4-gigawatt (GW) wind energy portfolio in Finland to Fortum, a leading Finnish energy company. The transaction, which closed on November 28th, includes 29 wind power projects across the country. -
01 Dec 25
UK: Dogger Bank Wind Farm and Seaway7 mark completion of all foundations on world’s largest offshore wind farm
Dogger Bank Wind Farm and delivery partner Seaway7 have installed all 277 transition pieces on Dogger Bank Wind Farm, marking the completion of all foundation installation work on the 3-phase offshore wind project in the North Sea. -
01 Dec 25
South Africa: ACCIONA Energía sells two assets in South Africa to Cennergi
ACCIONA Energía has reached an agreement with Cennergi, Exxaro Resources wholly owned subsidiary and one of South Africa’s leading renewable energy producers, for the sale of its stake in two renewable energy assets totaling 232MW of capacity, for an enterprise value (EV) of €255 million. The two projects are Gouda wind farm (138MW) and Sishen photovoltaic plant (94MWp) -
01 Dec 25
UK: Government’s Gas Supply Security Assessment shows need for immediate Energy Profits Levy reform
Offshore Energies UK says the government’s own figures on Gas Security, released on the same day as the Budget, underline both a national energy security risk and the damage of its policies on North Sea energy. The leading trade body is intensifying its campaign for a homegrown energy future. -
01 Dec 25
Brazil: Petrobras approves Business Plan 2026-2030
Petrobras has approved the 2026-2030 Business Plan (PN 2026-30). In the PN 2026-30, Petrobras maintains the strategies defined in the Strategic Plan 2050 (PE 2050) and reaffirms its vision of being the best diversified and integrated energy company in generating value. -
01 Dec 25
Norway: Aker Solutions awarded substantial M&M contract by ConocoPhillips for the Eldfisk and Ekofisk fields offshore Norway
Aker Solutions has signed a six-year frame agreement with ConocoPhillips Skandinavia, which includes an option to extend the contract for up to two additional three-year periods. The contract is an extension for brownfield maintenance and modification (M&M) services on the Eldfisk and Ekofisk fields offshore Norway -
01 Dec 25
Suriname: Staatsolie initiates seismic study in shallow offshore
On November 20, 2025, seismic research began in the shallow offshore area off the coast of Saramacca and Coronie. The survey is an important step in further exploiting Suriname's offshore oil and gas potential, aligning with the Open-Door Offering that started on November 24, 2025. The project is executed by BGP Offshore and TGS. -
01 Dec 25
US: Allseas to install 500-km pipeline system for Enbridge in US Gulf
Allseas will deliver major new deepwater crude oil and natural gas export systems for Enbridge Offshore Facilities in the central Gulf of America, expanding transport capacity and strengthening critical subsea infrastructure for future energy production.
