Latest News
-
14 Nov 25
US: RWE’s first project in Louisiana completes construction
RWE has completed construction of its first project in Louisiana, the 100 MW Lafitte Solar project located in the Ouachita Parish, outside of Monroe. The project was enabled by the long-term power purchase agreement with Meta. -
14 Nov 25
Norway: Hydro invests NOK 1.2 billion to build Illvatn pumped storage power plant
Hydro has made the final investment decision for its largest hydropower development in over 20 years. Construction of the Illvatn pumped storage power plant in the Luster Municipality of Norway will begin this November, with operations expected to start in 2030. -
14 Nov 25
UK: Archer expands service offerings under five-year P&A contract in UK
Archer has announced an additional contract linked to the five-year agreement with NEO NEXT Energy, originally with Repsol Resources UK and announced May 2nd, 2025. The additional contract adds a lighter Archer P&A unit for a five-year term, replacing one of Archer’s modular drilling rigs for the Fulmar platform, originally announced August 15, 2023. -
14 Nov 25
UK: Archer secures a 5-year contract extension worth USD 110 million
Archer has been awarded a five-year contract extension for platform drilling and maintenance services in the UK with an estimated contract value of USD 110 million. -
14 Nov 25
Norwegian Offshore Directorate: New Dashboard provides an overview of the licensees’ petroleum resources and reserves on the NCS
The new Dashboard provides an overview of the licensees’ petroleum resources and reserves on the Norwegian continental shelf (NCS). This includes data such as: Number of active production licences. Overview of discoveries and fields in operation. Estimates for remaining reserves and resources in discoveries. -
14 Nov 25
Colombia: Frontera announces strategic spin-off of its Colombian infrastructure business to unlock intrinsic value
Frontera Energy Corporation has announced a plan to unlock significant value from its existing assets through a spin-off of its Colombian Infrastructure business, creating two independent companies: Frontera Exploration & Production and Frontera Infrastructure. The Proposed Transaction is projected to be completed in the first half of 2026. -
14 Nov 25
BW Offshore launches BW Elara - floating desalination solutions powered by BW Water technology
BW Offshore and BW Group have established a 50/50 joint venture entity (JV), BW Elara, to design and build Floating Desalination Units (FDUs), producing fresh water from salt water to address growing global water constraints. -
14 Nov 25
Valeura Energy announces third quarter 2025 results
Valeura Energy reports its unaudited financial and operating results for the three and nine month periods ended September 30, 2025. -
14 Nov 25
Ørsted to commercialise its state-of-the-art low-noise technology Osonic: Signs first agreement with Luxcara
Ørsted has announced the establishment of its new technology platform Osonic, having signed a preferred supplier agreement with leading German energy infrastructure asset manager Luxcara. -
14 Nov 25
Solstad Maritime announces contract award for CSV Normand Ocean
Solstad Maritime (SOMA) has announced that the Construction Support Vessel (CSV) Normand Ocean has been awarded a new very large contract with DeepOcean. -
14 Nov 25
UK’s AR7 offshore wind auction tees-up a ‘win-win-win’ for policymakers, developers, and suppliers - Wood Mackenzie
With the launch of the UK's Contracts for Difference (CfD) Allocation Round 7 (AR7), strategic recalibrations compared to past auctions could deliver stability to the offshore wind market amid an intense political and economic battleground over net zero targets and public spending, according to a recent insight from Wood Mackenzie. -
14 Nov 25
US: Interior rescinds 2024 rule on Alaska Petroleum Reserve, unlocking energy potential
The Department of the Interior has announced a final rule rescinding the 2024 Bureau of Land Management rule governing the National Petroleum Reserve in Alaska, a major step in unlocking the energy potential of the roughly 23-million-acre reserve. -
14 Nov 25
Canada: Cenovus announces closing of MEG Energy acquisition
Cenovus Energy has announced that its acquisition of MEG Energy Corp. has been completed. This acquisition strengthens Cenovus’s portfolio of long-life, low-cost oil sands assets, adding top-tier operations that are directly adjacent to the company’s Christina Lake asset. -
14 Nov 25
Norway: DeepOcean awarded installation work on gas project by Equinor
Ocean services provider DeepOcean has been awarded a contract by Equinor to provide various subsea construction and installation activities as part of the Snorre Export and Import Gas Project (SNEIG) for offshore execution in 2026. -
13 Nov 25
UK: Art of the possible embraced as cutting-edge tools enhance North Sea operations
Tech-savvy operators are using an impressive array of smart tools and techniques to optimise production, including from tiebacks, and cut emissions in the North Sea, a new report from the North Sea Transition Authority (NSTA) shows. -
13 Nov 25
Brazil: PXGEO secures two OBN seismic acquisition contracts with Petrobras
PXGEO has been awarded two significant contracts from Petrobras-led consortia, to deliver seismic data acquisition and monitoring services in the Santos Basin, offshore Brazil. The deal further extends the business’ presence in Brazil. -
13 Nov 25
Suriname: Staatsolie approves Commercial Field for Sloanea-1 gas discovery in Block 52
Staatsolie announced its approval on 11 November 2025 of the Commercial Field for the Sloanea-1 gas discovery, located in Block 52 offshore Suriname.
