Latest News
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01 Feb 26
US: Baker Hughes, Expand Energy to deploy Leucipa™ across US natural gas fields
Baker Hughes, an energy technology company, has announced an award from Expand Energy, North America’s largest natural gas producer, to deploy its Leucipa™ automated field production solution across thousands of gas-producing wells in the United States. This multi-year agreement will help Expand Energy optimize production and strengthen North America’s natural gas supply chain. -
01 Feb 26
Albania: Albanian Prime Minister Edi Rama meets with Eni CEO Claudio Descalzi
Eni CEO Claudio Descalzi met in Tirana with the Prime Minister of the Republic of Albania, Edi Rama. Mr. Descalzi updated the Prime Minister on Eni’s activities in the country, highlighting exploration activities focusing on gas and on the onshore Dumrea permit, as well as initiatives related to the energy transition. -
01 Feb 26
GeoPark announces acquisition of Frontera Energy’s Colombian E&P assets to create leading independent E&P platform across Colombia and Argentina
Transaction doubles GeoPark’s production and reserves, enhances scale and cash flow generation, and strengthens capacity to fund growth in Vaca Muerta. The transaction creates a leading regional independent E&P platform across Colombia and Argentina, materially enhancing GeoPark’s scale, reserve base and cash-flow generation. -
01 Feb 26
Australia: Gas exploration investment to boost supply and put downward pressure on energy prices
Santos and Drillsearch Energy, Beach Energy's 100%-held subsidiary, have been named preferred tenderers for three gas exploration areas in the Cooper-Eromanga Basin, near the Queensland-South Australia border. The areas form part of a wider package of exploration areas opened for tender last year, aimed at unlocking future gas supply and putting downward pressure on energy prices. -
01 Feb 26
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 eaffirmed their decision on 2 November 2025 to pause production increments in March 2026 due to seasonality. -
01 Feb 26
Namibia: TotalEnergies and Galp reinforce their long-term commitment to Namibia in high-level Presidential meeting
Patrick Pouyanné, Chairman and CEO of TotalEnergies and Paula Amorim, Chairman of Galp, held a joint meeting with the President of the Republic of Namibia, Netumbo Nandi-Ndaitwah, to reiterate their long-term commitment to the country and provide an update on the progress and next steps of their recently announced partnership across key offshore licenses in the Orange Basin. -
01 Feb 26
Scarborough sails towards startup
After a 4,000-plus nautical mile journey from China, the Scarborough Energy Project’s floating production unit (FPU) arrived safely Down Under in January, marking a major milestone for the project. The FPU will power the Scarborough Energy Project for the next 30 years from its new home, 375 km off the north west coast of Western Australia. -
01 Feb 26
UK: Two offshore wind projects enter lease with The Crown Estate in boost for UK's clean power goals
Two offshore wind projects have entered into lease with The Crown Estate after just three years, helping to support the government’s clean power ambitions. The Morecambe and Mona projects, located in the Irish Sea, were successful in The Crown Estate’s Offshore Wind Leasing Round 4 auction in 2021 and have been in Agreements for Lease since 2023.
