Latest News
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29 Aug 25
UK: OEUK responds to misconceptions about the North Sea’s future
In response to recent commentary in The Herald article formerly titled 'windfall tax bluster no help for North Sea oil firms ahead of crunch Budget', OEUK has issued a letter to the editor to refute some of the misconceptions, omissions and errors. -
29 Aug 25
Argentina: Archer announces renewed contracts with Pan American Energy in Argentina
Archer has announced that Pan American Energy is renewing two drilling contracts in Vaca Muerta. The contracts are in direct continuation of the existing contract and have been renewed for two years. The estimate the contract value is around $60 million. -
29 Aug 25
Norway: Equinor drills oil and gas condensate discovery in the Norwegian Sea (6506/12-PB-3 H)
Equinor, operator of production licence 094, has proven petroleum in wildcat well 6506/12-PB-3 H. Preliminary calculations indicate the size of the discovery is between 1 - 3 million standard cubic metres of recoverable oil equivalent. This corresponds to between 6.3 and 18.9 million barrels of recoverable oil equivalent. -
29 Aug 25
Seatrium secures contract to upgrade FLNG vessel for Golar
Seatrium has secured a contract from Golar Hilli Corporation (Golar), a subsidiary of Golar LNG, to perform the upgrading of FLNG Hilli Episeyo. -
29 Aug 25
Shearwater announces second quarter 2025 results
Shearwater Geoservices has published its second quarter 2025 results. Revenue was USD 133.8 million compared to USD 214.2 million in the second quarter 2024. EBITDA was USD 11.9 million compared to USD 80.1 million in the second quarter 2024. -
29 Aug 25
Interim Financial Results 2025: Cadeler delivers financial performance above expectations
Cadeler has published its interim financial results for the first half of 2025, reporting results above expectations and in line with its recently increased full-year revenue and EBITDA guidance. -
29 Aug 25
Italy: Rockhopper Exploration provides update on disposal of Italian assets
AIM-listed Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin, has provided an update in respect of the insurance policy announced on 14 October 2024, intended to protect against an unsuccessful outcome in the Ombrina Mare ICSID arbitration, and the exit of Rockhopper's other Italian assets, as also announced on 14 October 2024. -
29 Aug 25
Dolphin Drilling announces financial results for first half 2025
Dolphin Drilling has announced its preliminary financial results for the first half (H1) of 2025. Revenue Growth: Revenues of USD 47.4 million for the second quarter, compared to USD 19.9 million in Q2 2024. H1 revenues were USD 93.0 million, up from USD 30.0 million reported for H1 2024. -
29 Aug 25
Zimbabwe: Invictus Energy announces transformational partnership to advance Cabora Bassa and establish Africa-focused upstream company
Invictus Energy has announced a strategic partnership with Al Mansour Holdings backed by His Highness Sheikh Mansour bin Jabor bin Jassim Al Thani, a senior member of the Qatar royal family. -
29 Aug 25
Germany: Odfjell Technology partners with Vercana on major geothermal energy project in Germany
Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has signed a two-year contract with Vercana, Vulcan Group’s drilling subsidiary. Odfjell Technology will provide tubular running services (TRS) to Vulcan Group’s Phase One Lionheart Project in Germany which aims to produce lithium sustainably by combining harnessed geothermal energy with critical mineral extraction. -
29 Aug 25
Brazil: Oceaneering announces $180 million of Subsea Robotics contracts with Petrobras
Oceaneering International has announced that its Brazilian subsidiary, Marine Production Systems do Brasil LTDA ('MPS'), was awarded multiple Subsea Robotics contracts by Petrobras during the second quarter of 2025, following a competitive tender. The anticipated aggregate revenue of the contracts is approx. $180 million. -
28 Aug 25
UK: Green Volt offshore windfarm awards cable engineering role to OWC
Green Volt offshore windfarm has selected renewable energy consultancy OWC to provide cable engineering support on the project. -
28 Aug 25
UK: Thistle Wind Partners submits onshore plans for pioneering Ayre Offshore Wind Farm
Thistle Wind Partners has submitted its onshore planning application for the 1GW Ayre Offshore Wind Farm to The Highland Council, marking a key milestone for one of the flagship projects under the ScotWind leasing round. -
28 Aug 25
Indonesia: CNOOC Limited subsidiaries sign PSCs for exploration blocks in Indonesia
CNOOC Limited has announced its wholly owned subsidiaries have entered into two Production Sharing Contracts (PSCs) for exploration blocks in Indonesia with SKK Migas, the subsidiaries of other Tangguh partners, EnQuest and Agra.
